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Top Narrow Based Indexes For August 27 (NZ, MXL, SFSF)
Friday, August 27, 2010 - 12:27pm | 215By 12:05 pm, the Dow Jones Industrial Average was up 106.94 points, or 1.07%, to 10,092.75, while the broader Standard & Poor's 500 index had gained 10.71 points, or 1.02%. The NASDAQ composite index rose 17.63 points, or 0.83%. Some of the narrow based indexes that are driving the market are...
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Novell 3Q In Line, Revenue Slips - Analyst Blog
Friday, August 27, 2010 - 12:21pm | 1198Enterprise software developer, Novell Inc. (NOVL) reported third quarter 2010 earnings of 5 cents, in line with both the Zacks Consensus Estimate and the year-ago quarter. Earnings include stock based compensation but exclude one time item. The better-than-expected result was primarily driven by...
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Cisco Picks Up ExtendMedia - Analyst Blog
Friday, August 27, 2010 - 12:21pm | 974Cisco Systems Inc. (CSCO) has announced its intention to acquire venture capital-funded ExtendMedia, which is a maker of content management system (CMS) software. The deal, which according to some could be worth as much as $80 million, is expected to provide Cisco the necessary technology for...
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Mid-Day Market Movers (WPCS, NZ, PAR, BSDM)
Friday, August 27, 2010 - 11:13am | 164WPCS International Incorporated (NASDAQ: WPCS) jumped 26.29% to $3.17 at 10:40 am. WPCS’ shares have lost 25.52% over the past 52 weeks, while the S&P 500 index has gained 1.58% in the same period. Netezza Corporation (NYSE: NZ) climbed 26.14% to $18.82. NZ had reported a strong y/y rise in its...
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JP Morgan: NCR To Struggle For Earnings Growth In 2011-2012
Friday, August 27, 2010 - 10:08am | 138Analysts at JP Morgan reiterate their "overweight" rating on NCR Corporation (NYSE: NCR), while reducing their estimates for the company. The target price for NCR has been reduced from $18.50 to $17.50. According to JP Morgan, “With global GDP growth likely to be lower than previously anticipated,...
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JP Morgan Believes DBD Will Struggle To Post Earnings Growth In The 2010-2012 Time Frame
Friday, August 27, 2010 - 9:59am | 200Analysts at JP Morgan maintain their "neutral" rating on Diebold Incorporated (NYSE: DBD), while reducing their estimates for the company. The target price for DBD has been reduced from $34.50 to $31.50. JP Morgan says, “J.P. Morgan is now calling for global GDP growth of 2.8% in 2011, a decline...
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Stock Market News for August 27, 2010 - Market News
Friday, August 27, 2010 - 9:36am | 709Stocks failed to hold on to Wednesday’s gains and fell broadly as economic uncertainties left investors with little choice but to sell stocks. A better-than-anticipated drop in initial jobless helped stocks initially, but worries intensified as the session wore on and stocks fell. The Dow average...
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US Stock Futures Rise On News Of GDP Revision
Friday, August 27, 2010 - 9:25am | 268US stock futures recorded gains on Friday, following the lower-than-expected downward revision of economic growth for the second quarter. Investors are now awaiting the speech to be made by Federal Reserve Chairman Ben Bernanke later in the day. Futures on the Dow Jones Industrial Average added 62...
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Oppenheimer Raising Target On Netezza After Earnings (NZ)
Friday, August 27, 2010 - 8:55am | 144Oppenheimer & Co. is extremely optimistic on shares of Netezza Corporation (NYSE: NZ), after the technology software company reported much better than expected earnings. It raised its price target to $20 and kept its Outperform rating. In a note to clients, Oppenheimer writes, "We are raising...
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Need to See Pain in these Names - the Generals
Friday, August 27, 2010 - 8:00am | 951Each time the market goes through a material selloff, I always like to bring out charts of "the generals" i.e. the leaders of the recent move. These are usually names I try to focus on, in the long side of the portfolio as their relative strength is among the best. Most are either the last...
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Stocks To Watch For August 27 (HPQ, PAR, DELL, TIF, NOVL, JCG)
Friday, August 27, 2010 - 6:49am | 318Some of the stocks that may grab the investor focus today are: Hewlett-Packard (NYSE: HPQ) has raised its bid for 3Par (NYSE: PAR) to $27 per share from its earlier unsolicited offer of $24 per share. Yesterday, 3Par said that it has reached a new deal with Dell (NASDAQ: DELL) for $24.30 per share...
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Lexmark Initiates a Legal Battle - Analyst Blog
Thursday, August 26, 2010 - 6:21pm | 586Leading printer manufacturer and printing solutions company, Lexmark International Inc. (LXK), recently filed a patent infringement complaint with the U.S. International Trade Commission (ITC) against 24 companies. This legal battle is related to issues pertaining to manufacturing, importation and...
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Benzinga's Top ETF Gainers (SQQQ, SSG, TYP, BZQ)
Thursday, August 26, 2010 - 4:56pm | 216Bear market ETFs traded mostly higher today, as U.S. equity market continues to struggle. The NASDAQ-100 Index fell 1.22%, and ProShares Trust UltraPro Short QQQ ETF (NYSE: SQQQ) jumped 3.46%. Among the NASDAQ-100 components Patterson Companies, Inc. (NASDAQ: PDCO) had the biggest loss with a...
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3Par Flying In The After Hours After HP Raises Bid (HPQ, DELL, PAR)
Thursday, August 26, 2010 - 4:36pm | 1243Par (NYSE: PAR) has jumped 6.45% to $27.71 in after hours trading as the saga between 3Par, Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) continues. Today, after the close of trading on the New York Stock Exchange, HP raised its offer for 3Par to $27.00 per share. The newest proposal...
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Busted! Facebook Fudges iPhone User Numbers (AAPL)
Thursday, August 26, 2010 - 3:43pm | 167Facebook was called out yesterday for falsely claiming that there are 100 million monthly active users of its Facebook for iPhone app. Apparently, 100 million devices using Apple's (NASDAQ: AAPL) iOS software (iPod touch, iPhone, and iPad) have been sold as of June, 2010. Clearly, something was...