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F5 Networks (FFIV) and Netflix (NFLX) Move in Completely Different Directions Post Earnings
Thursday, July 22, 2010 - 10:35am | 1864Read More...Speaking of bipolar - F5 Networks (FFIV) is up 11% off its earnings report and Netflix (NFLX) is down 9% as of this typing. We cut back positions in both yesterday since the gambling mentality around earnings reports is not our cup of tea. I thought both reports were quite good; the only issue...
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Amazon Announces e-Book Deal with Wylie Agency (AMZN)
Thursday, July 22, 2010 - 9:13am | 149Read More...Amazon (NASDAQ: AMZN) announced Thursday that it has reached a deal with Wylie Agency for the exclusive right to publish digital editions of 20 classic books. With works by authors such as Philip Roth, John Updike, and Norman Mailer for its Kindle electronic reader, Amazon is pushing aggressively...
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The iPad Passes The Kindle
Thursday, July 22, 2010 - 7:03am | 206Read More...Recent research shows that the number of Apple Inc. (Nasdaq: AAPL) iPads has passed the number of Amazon.com (Nasdaq: AMZN) Kindles in the hands of consumers. The news could undermine Amazon’s successful e-book store as the largest e-commerce business in the US also feels pressure from the Barnes...
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Mad Money Lightning Round: Jim Cramer Prefers CRM To MSFT
Thursday, July 22, 2010 - 5:57am | 292Read More...In his Wednesday’s "Mad Money Lightning Round" on CNBC, Jim Cramer said that there is a low possibility of Microsoft (NASDAQ: MSFT) hitting $26 or $27. He advised traders wanting to invest in software should buy Salesforce.com (NYSE: CRM). While MSFT gained 0.72%, CRM added 0.64% in after hours...
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Hewlett-Packard Looks Very Attractive (HPQ)
Wednesday, July 21, 2010 - 4:04pm | 222Read More...Earlier today, legendary investor Bill Miller of Legg Mason, said that large cap stocks are at the cheapest levels in 60 years compared to bond yields. He called the current environment "a once in a lifetime opportunity." If you agree with Miller's line of thinking, now is an excellent time to buy...
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Dell Acquires Technology Start-up - Analyst Blog
Wednesday, July 21, 2010 - 3:30pm | 462Read More...Texas-based PC maker Dell Inc. (DELL) recently announced that it has signed a definitive agreement to acquire privately held Ocarina Networks, to enhance its data management capabilities. Dell expects to wrap up the Ocarina acquisition by the end of this month. They however did not divulge any...
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Top Performing Industries For July 21 (TKR, CNH, AAPL, CTEL)
Wednesday, July 21, 2010 - 2:10pm | 217Read More...At 12:50 pm, the Dow gained 0.08% to 10,238.06, the broader Standard & Poor's 500 index moved down 0.03% to 1,083.17 and the NASDAQ composite index fell 0.10% to 2,220.28. The industries that are driving the market today are: Machine Tools & Accessories: This industry jumped 2.69% by 12:50...
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Markets Gap Higher, Than Fall Back To 200 Moving Average
Wednesday, July 21, 2010 - 12:03pm | 235Read More...After a monster reversal day yesterday, the markets are hovering just slightly lower on the day. It is key to understand that markets and realize they are just like a long distance sprinter. The markets ran a huge marathon yesterday, today they need a rest day. The SPDR S&P 500 ETF (NYSE: SPY...
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David Einhorn's Apple Trade Looking Savvy (AAPL)
Wednesday, July 21, 2010 - 10:38am | 186Read More...Noted value investor and hedge fund manager David Einhorn was buying up shares of Apple (NASDAQ: AAPL) in the second quarter. In a letter to his investors, he said that the company's growth prospects were undervalued. Einhorn's cost basis in Apple (AAPL) was $248.09 per share according to the...
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Apple Not the Only One With Phone Woes (AAPL, VZ, MOT)
Wednesday, July 21, 2010 - 9:54am | 117Read More...Engadget.com is confirming this morning that the DroidX, which is produced by Motorola Inc. (NYSE: MOT), has a genuine screen issue, where half the screen flickers and distorts. Verizon Communications Inc. (NYSE: VZ), which carries the phone, has confirmed that approximately one-tenth of one-...
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A Peek Into The Market Before The Trading Starts
Wednesday, July 21, 2010 - 9:29am | 447Read More...Pre-open movers US stock futures moved up today as investor confidence got a boost from better-than-estimated profits at Morgan Stanley (NYSE: MS) and Wells Fargo & Co (NYSE: WFC). While futures on the Standard & Poor’s 500 Index added 0.4% to 1,084.5 at 8:06 a.m. in New York, those on the...
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Benzinga’s Top Pre-Market NASDAQ Gainers (SQNM, AAPL, CRUS, RYAAY)
Wednesday, July 21, 2010 - 8:57am | 137Read More...Sequenom Inc (NASDAQ: SQNM) rose 5.45% to $6 in the pre-market session. Analysts at Jefferies initiated coverage of SQNM with a “hold” rating. Apple Inc (NASDAQ: AAPL) added 3.73% to $261.29 in pre-market trading. AAPL has reported better-than-expected Q3 earnings due to a strong rise in the demand...
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AAPL’s Target Price Raised By JP Morgan, Citi and BofA/Merrill
Wednesday, July 21, 2010 - 8:45am | 145Read More...JP Morgan raised its price target for Apple (NASDAQ: AAPL) to $400 from $390, while maintaining its “overweight” rating on the company. JP Morgan expects continued momentum in AAPL’s Mac, iPhone and iPad devices. The investment firm believes that AAPL’s shares should trade as a high growth story,...
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China Telecom Wants iPhone (CHA, AAPL)
Wednesday, July 21, 2010 - 8:30am | 133Read More...China Telecom (NYSE: CHA) wants to offer sexy handsets to get users to use its 3G services. This means offering faster data transfers and receing higher revenue per user. This ultimately means getting Apple's (NASDAQ: AAPL) iPhone. Current versions of the iPhone wouldn't work with the CDMA...
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General Motors Renews $2 Billion HP Enterprise Services Agreement
Wednesday, July 21, 2010 - 8:29am | 136Read More...HP Enterprise Services today announced it has been awarded a multiyear applications and infrastructure services contract valued at more than $2 billion to help General Motors (NYSE: GM) maintain focus on its business goals in a highly competitive market. Under the terms of the agreement, HP (NYSE:...
