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US Stocks Are Having A Free Fall; Financial, Tech, Retail Most Affected
Wednesday, August 11, 2010 - 2:59pm | 306The US market is seeing a sharp fall, with the tech, financial and retail sectors losing their battle to stay afloat primarily as a result of the stance taken by the Fed on the US economy. By 2:32 pm, the Dow has plunged 229.85 points to 10,414.40, the Nasdaq slipped 63.92 and S&P 500 lost 28....
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The Future of Hewett-Packard (HPQ)?
Wednesday, August 11, 2010 - 2:09pm | 1673On CNBC Monday, I shared my slightly positive sentiment towards Hewlett-Packard (NYSE:HPQ) stock in the wake of CEO Mark Hurd’s resignation. Granted, HP’s stock nearly doubled while Hurd was at the helm, but I am a firm believer that it was not Hurd and Hurd alone who caused this. The...
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Wednesday’s Mid-day Options Volume Leaders (C, PFE, AAPL, BAC, CSCO, SPY)
Wednesday, August 11, 2010 - 11:16am | 130The overall market is hurting this morning; currently, the S&P 500 (NYSE: SPY) is off 27.62 points, trading at 1,093. Breaking through the 1,100 level is significant on a technical basis as the 50-day and 200-day moving averages are hovering right at that level. Here are your mid-day options...
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Dogs Of The Dow: 5 Highest Yielding Dow Stocks (MRK, PFE, PG, T, VZ)
Wednesday, August 11, 2010 - 10:01am | 604The Dogs of the Dow theory was proposed by Michael O'Higgins in the early 1990's and it basically says take the 10 stocks with the highest dividend yields and buy them for next year because those stocks should outperform. I'm altering it a little and saying readers may want to concentrate on the...
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Who Pushed Out Mark Hurd? A Look at H-P's Board
Wednesday, August 11, 2010 - 7:23am | 376Hewlett-Packard's (NYSE: HPQ) board of directors may read like a Who's Who of Corporate America, but its decision to push out CEO Mark Hurd has been the subject of much second-guessing. So it's worth taking a look at who makes up H-P's board; after all, they were the ones behind the controversial...
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Amazon May Push Into Tablet PCs
Wednesday, August 11, 2010 - 7:12am | 230Amazon.com (Nasdaq: AMZN) was ambushed by Apple Inc (Nasdaq: AAPL) when Jobs & Co. launched the iPad. It was close enough in price to the Amazon Kindle and had more features. Amazon eventually dropped prices low enough to give it a chance to hold market share, but that means it margins on the...
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Market Pulls Back on China News 08-10-2010
Tuesday, August 10, 2010 - 2:40pm | 901Cusick’s Corner The market pulled back on the China news, but since that opening pullback the market has been in a holding pattern, waiting for this afternoon’s Fed announcement. Equities are still showing upside potential, but Bond yields are crashing and their prices soaring, creating a double...
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HP Forces Mark Hurd to Resign - Analyst Blog
Tuesday, August 10, 2010 - 1:07pm | 599One of the most eminent leaders of the Silicon Valley, Mark Hurd, the CEO of the world’s largest computer manufacturer Hewlett-Packard Company (HPQ), has been forced to resign recently, as a result of a sexual harassment allegation brought against him. The integrity of the CEO was questioned as a...
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Verizon Announces Motorola's Newest iPhone Killer (VZ, MOT, AAPL)
Tuesday, August 10, 2010 - 12:42pm | 204Verizon Communications (NYSE: VZ) officially announced Motorola's (NYSE: MOT) newest iPhone competitor Tuesday, the Droid 2. Motorola's Droid 2 ships with Google's (NASDAQ: GOOG) Android 2.2, mobile hotspot capability (a $20 / month add-on), Flash Player 10.1 and a revised QWERTY keyboard....
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Stomach Churning Move In Intel (INTC)
Tuesday, August 10, 2010 - 12:18pm | 158Trading and investing can certainly feel like a roller coaster ride. Risk abounds in today's volatile and fast moving markets. Just take a look at Intel (NASDAQ: INTC) shares today. The stock has plunged 4.27% to $19.77 after it was downgraded at Robert W. Baird. The firm's analysts cited a sharp...
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J.P. Morgan Maintains Underweight Rating On Dell (DELL)
Tuesday, August 10, 2010 - 11:59am | 124In a research report released today, analysts at J.P. Morgan reiterated their Underweight rating on shares of Dell (NASDAQ: DELL). They wrote, "we expect Dell's enterprise exposure to provide a partial buffer to slowing consumer spending in the U.S. and China. Enterprise should help for the...
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Potential Option Strategies for Drama-Ridden Hewlett-Packard (NYSE:HPQ)
Tuesday, August 10, 2010 - 11:59am | 1772It has certainly been exciting in Hewlett-Packard (NYSE:HPQ) over the last couple of days as a series of increasingly bizarre events has unfolded. Just after the close on Friday, the computer company’s Chairman and CEO Mark Hurd resigned amid charges of sexual harassment. Later, the former...
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Tuesday’s Mid-day Options Volume Leaders (INTC, NFLX, HPQ, AAPL, BAC, SPY)
Tuesday, August 10, 2010 - 11:16am | 175The overall market is falling today ahead of the FOMC meeting announcement around 2 pm eastern. The S&P 500 (NYSE: SPY) is down 11 points, at 1,116. Currently the U.S. Dollar is higher by 0.9%, which is signaling that the market does not expect the Fed to enter into a second round of...
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Dell Rolls Out Ultra Thin Laptops - Analyst Blog
Tuesday, August 10, 2010 - 10:10am | 741The third largest PC maker in the world Dell Inc. (DELL) recently announced the shipment of its newest invention, namely the Inspiron M101z laptop. The compact device is already available in the market at a minimum price of $449.0 and bears a one-year limited warranty. The latest discovery weighs...
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Stock Market News for August 10, 2010 - Market News
Tuesday, August 10, 2010 - 9:44am | 1000U.S. stocks retraced Friday’s losses amid hopes that a case for fresh stimulus is slowly gaining ground. However, volume on the New York Stock Exchange fell to its lowest of the year as cautious investors refrained from taking big positions ahead of the central bank’s Tuesday meeting. In today’s...