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Adoption Of New Apple OS Happening Quickly (AAPL)
Friday, July 23, 2010 - 10:24am | 80According to Apple Insider, Chitika Research has come out with a report that says Apple's (NASDAQ: AAPL) new iOS4 is now running on half of all iPhones, one month after the company released it. The report doesn't include users who don't install apps with Chitika's ads, so it may be slightly biased...
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The Whipsaw Could Just Be Getting Started
Friday, July 23, 2010 - 10:19am | 434By all accounts the month of July has been very positive for the major stock market indexes. The SPDR Dow Jones Industrial Average (NYSE: DIA) is now higher by more than 7.0 percent from the early July low pivot. This is a sharp advance higher in less than a thirty day period for the markets. The...
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Company News for July 23, 2010 - Corporate Summary
Friday, July 23, 2010 - 10:09am | 387• Microsoft (NASDAQ:MSFT) posted fiscal fourth quarter earnings of 51 cents compared with Zacks estimate of 47 cents. Revenues were up 22.5% year over year to $16 billion compared with Zacks estimate of $15.3 billion • SanDisk (NASDAQ:SNDK) posted second quarter earnings of 18 cents, on revenues...
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Stock Market News for July 23, 2010 - Market News
Friday, July 23, 2010 - 9:21am | 739The market looked down on Wednesday following the statement by the Fed Chairman that the economic outlook is “unusually uncertain." However, optimism returned yesterday riding on favorable corporate earnings and forecasts, better than expected news from the housing market and an upward move in...
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Apple Again Delaying the White iPhone 4
Friday, July 23, 2010 - 9:05am | 53White models of Apple's (Nasdaq: AAPL) new iPhone® 4 have continued to be more challenging to manufacture than we originally expected, and as a result they will not be available until later this year. The availability of the more popular iPhone 4 black models is not affected.
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Avid Technology Reports Mixed Earnings, Piper Jaffray Drops Price Target (AVID)
Friday, July 23, 2010 - 8:27am | 93Avid Technology (NASDAQ: AVID) reported a mixed bag of results for the 2nd quarter. EPS was ($0.05) slightly above consensus of ($0.06). Revenue was $162.2 million, slightly below the Street at $163.9 million. Piper Jaffray analysts Michael Olson and Andrew Murphy said, "We believe the demand...
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Fast Money Picks For July 23rd (S, MOS, HGSI, HPQ, KLAC)
Thursday, July 22, 2010 - 7:17pm | 199On CNBC's Fast Money, Brian Kelly said that he loves Sprint's (NYSE: S) 4G Network, and wants to buy the stock tomorrow. Sprint (S) gained 1.74% today, and closed at $4.67. Tim Seymour is a buyer of The Mosaic Company (NYSE: MOS) after the earnings. Mosaic (MOS) gained 0.27% today, and closed at $...
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SEC Charges DELL With Fraud $100M penalty. Michael Dell to pay $4M
Thursday, July 22, 2010 - 3:52pm | 35SEC Charges DELL (Nasdaq: DELL) with fraud. SEC says Dell manipulated its accounting. Dell has to a pay a $100 million penalty and Michael Dell to pay $4 million.
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Afternoon Market Update (QCOM, MSFT, AAPL, ORCL, DELL, STI, JNS, KEY, FITB, BBT)
Thursday, July 22, 2010 - 1:43pm | 296US tech stocks moved up, with Qualcomm Inc (NASDAQ: QCOM) leading the sector. QCOM moved up about 8% after reporting healthy results for the latest quarter. Microsoft Corp (NASDAQ: MSFT) is also gaining as the company is set to post its quarterly results after the closing bell today. Other stocks...
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Dell Launches Pre-Order Page For Smartphone/Tablet Hybrid, PhoneNews.com Reports (DELL)
Thursday, July 22, 2010 - 1:12pm | 78Dell (NASDAQ: DELL) has launched a Web page for pre-orders for the company's Streak smartphone/tablet hybrid, which is powered by Google's (GOOG) Android operating system, according to PhoneNews.com. The Android-powered "Streak" is set to launch at the end of the month. Shares of Dell are trading...
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F5 Networks (FFIV) and Netflix (NFLX) Move in Completely Different Directions Post Earnings
Thursday, July 22, 2010 - 10:35am | 1864Speaking 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 | 149Amazon (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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Trading Plan for July 22, 2010
Thursday, July 22, 2010 - 7:35am | 356Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.15), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), NSIT (14.79) BIAS: 93% Short Economic Reports Due Out...
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The iPad Passes The Kindle
Thursday, July 22, 2010 - 7:03am | 206Recent 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 | 292In 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...