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Manic Merger Monday Updated (HPQ, DELL, PAR)
Monday, August 23, 2010 - 10:27am | 369This story updates the previous story on the 3Par acquisition news. The mergers keep coming, but now companies are bidding on the same targets. Hewlett-Packard (NYSE: HPQ) has decided to bid for 3Par (NYSE: PAR) at $24 per share, just days after Dell (NASDAQ: DELL) decided to offer $18 per share...
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Investing 101 From Cramer
Monday, August 23, 2010 - 8:58am | 230On Friday’s Mad Money, Jim Cramer said that not all Wall Street lingo is “gibberish” and “deceptively complicated.” Cramer went on to explain the differences between investing and trading. Though these terms are often used interchangeably, they are vastly different from each other. An investment is...
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Before The Bell – What’s In Store For The Market Today?
Monday, August 23, 2010 - 8:46am | 625Stock futures pointed to a higher opening on Wall Street due to a spike in deals and M&A activities, enabling investors to shake off the pessimism previous week following a weaker than expected jobless claims data, negative Philly Fed index, and the southbound Dow. Futures on the Dow is up 46...
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Verizon to Launch iPad Live TV App - Analyst Blog
Monday, August 23, 2010 - 8:21am | 816Verizon Communications (VZ) plans to launch a software application for mobile devices that will enable the FiOS TV customers to watch live television shows and movies on Apple Inc.'s (AAPL) iPad. FiOS TV customers can watch one program through Verizon's set-top box on a traditional TV and...
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M&A May Be Crushed By New Economic Concerns
Monday, August 23, 2010 - 7:27am | 259M&A is back and investment bankers across the world are counting on large deals to make them highly profitable again. The mergers business was hurt by the economic downturn, M&A deals that failed due to injured earnings, and an LBO boom in 2005 and 2006 that pushed many leveraged firms into...
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Identify Risk Exposure & Consider Puts 08-20-2010
Friday, August 20, 2010 - 6:40pm | 821Cusick’s Corner The market wrapped up August Expiration flat with all major indices in spitting distance of breakeven. The tea leaves on the markets are not rosy, but this is when, even with all the indicators screaming at you, you need to stay on your toes for the unexpected. Take the weekend and...
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New BlackBerry App Store Announced, Stock Slides (RIMM)
Friday, August 20, 2010 - 5:53pm | 196Research in Motion (NASDAQ: RIMM) announced a revamped version of its BlackBerry Application Store Friday, but investors continued to pound the stock. Shares declined 3.4%, to close at $48.71. The latest version of BlackBerry App World is out of beta and will allow developers to offer applications...
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Expiration Friday 08-20-2010
Friday, August 20, 2010 - 3:22pm | 818Cusick’s Corner The market is really holding up well in the face of the poor economic data this week and the increasing uncertainty of future corporate guidance. As far as the impact of expiration today, while the option volume has been brisk, it is really split in down the middle. There may be a...
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Apple On The Verge Of Going Positive (AAPL)
Friday, August 20, 2010 - 1:57pm | 118Apple (NASDAQ: AAPL) climbed above the $250 level in early trading today, and was positive on the day for much of morning trading. The stock has been flirting with positive and negative territory throughout the day and there appears to be a pitched battle going on between bulls and bears right at...
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Options Traders Looking For Upside on Apple in September (AAPL)
Friday, August 20, 2010 - 1:28pm | 161Shares of Apple Inc. (NASDAQ: AAPL) are flat on the session, currently trading at $249.86. Interesting to note is that the stock is outperforming the NASDAQ 100 (NASDAQ: QQQQ), which is lower by 0.30%, in which APPL is the largest weighting. Traders have been trading the $250.00 to $260.00 channel...
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Dell Misses by a Penny - Analyst Blog
Friday, August 20, 2010 - 12:13pm | 860Dell Inc. (DELL) reported second quarter fiscal 2011 earnings per share (EPS) of 29 cents, below the Zacks Consensus Estimate of 30 cents. Revenues Revenues for the second quarter of fiscal 2011 were $15.5 billion, up 21.7% from $12.8 billion reported in the year-ago quarter and up 4.4% from $14.9...
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Friday’s Mid-day Options Volume Leaders (WFC, BAC, C, MRVL, AAPL, SPY)
Friday, August 20, 2010 - 11:27am | 140The overall market was dying to test that $1,065 level this morning, which Bulls have managed to hold. This is a key level for the S&P 500 (NYSE: SPY); if the market can garner some support on Monday, a move to the top end of the recent range ($1,096) is in order. Here are your mid-day options...
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Why Apple Won’t Buy GM
Friday, August 20, 2010 - 9:43am | 104Apple (NASDAQ: AAPL) can afford to buy GM. The No. 1 US auto firm makes a fair amount of money, has nearly 20% of the American car market, and is the largest car manufacturer in China–along with its joint venture partners GM’s market value, which will be confirmed by its IPO, is about $50 billion....
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McAfee Joining "Intel Inside" - Analyst Blog
Friday, August 20, 2010 - 9:37am | 2182Intel Corp. (INTC) announced yesterday that it would be acquiring McAfee Inc. (MFE), one of the largest makers of security software for $7.68 billion($6.8 billion net of cash acquired) in an all-cash transaction. The purchase price of $48 a share represents a 60% premium to McAfee's closing price...
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Stock Market News for August 20, 2010 - Market News
Friday, August 20, 2010 - 9:37am | 900Renewed concerns about the pace of the economic recovery sent investors away from stocks as a number of disappointing economic data indicated the pace of economic recovery is uneven. Benchmark indexes fell to their lowest close in nearly a month. The Dow Jones Industrial Average snapped a two-day...