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IBM’s Earnings Mixed; Shares Fall (IBM)
Monday, July 19, 2010 - 4:14pm | 124International Business Machines (NYSE: IBM) just reported that its Q2 EPS came in at $2.61 on $23.72 billion in revenue. This compares to the Street consensus of $2.58 per share on revenue of $24.17 billion. The whisper number for IBM was $2.61. Gross margins came in at 45.6% versus 45.5% the year...
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4 Sectors to Continue Monitoring 07-19-2010
Monday, July 19, 2010 - 4:02pm | 830Cusick’s Corner The market is trading off its worst levels after some pretty decent selling into the end of last week. That selling also got me thinking over the weekend, was it panic selling or just distribution selling? It was hard to tell because of option expiration but it did look more like...
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Late Market Roundup (PETS, AAPL, GE)
Monday, July 19, 2010 - 2:34pm | 296Shares of PetMed Express Inc (NASDAQ: PETS) dipped about 7% after the company reported an 11% drop in its FQ1 profit and a 3.6% fall in sales. The company posted its profit at $0.32 per share, short of the Street view of $0.38 per share. According to Menderes Akdag, PETS’ President and Chief...
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Afternoon Market Update (TXN, IBM, C)
Monday, July 19, 2010 - 1:49pm | 207US tech stocks moved up today due to scheduled release of earnings after the markets close. Texas Instruments Inc (NYSE: TXN) and IBM Corp (NYSE: IBM) are the leading gainers as both the companies are set to announce their quarterly results today. Moody's Investors Services has upgraded the stand-...
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Two Ways to Play Apple (AAPL) Earnings
Monday, July 19, 2010 - 1:29pm | 2224Apple (NASDAQ:AAPL) stock and the company’s product line are both definitely favorites of mine. If you have followed my writing any amount of time, you’ll know that the smartphone universe and the players within it have been under my microscope for almost two years now. Apple, of course, is more...
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Monday’s Mid-day Options Volume Leaders (C, BAC, AAPL, BP, HAL, SPY)
Monday, July 19, 2010 - 11:29am | 117The overall market is hovering around the unchanged mark today as traders once again grabble with stellar earnings reports and weak economic data. Currently, the S&P 500 (NYSE: spy) is higher by 2.5 points, trading at 1,067. Here are your mid-day options volume leaders… 1. Citigroup (NYSE: C)...
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Apple Slips On Margin Worries (AAPL)
Monday, July 19, 2010 - 11:28am | 91Shares of Apple (NASDAQ: AAPL) are lower this morning after Stifel Nicolaus analyst Doug Reid cautioned that gross margins could miss analyst estimates. Mr. Reid believes gross margins are tracking below Street estimates "based on evidence of ongoing component shortages and ASP erosion". He sees...
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10 'Buy'-Rated Stocks Without Buyers
Monday, July 19, 2010 - 10:19am | 105BOSTON (TheStreet) -- Apple (NASDAQ: AAPL), Citigroup (NYSE: C) and Ford (NYSE: F) are tirelessly touted by the media and fund managers. Yet, analysts favor lesser-followed companies. Here are 10 large-cap stocks, all S&P 500 members, that receive rave reviews from analysts but get little...
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Stock Market News for July 19, 2010 - Market News
Monday, July 19, 2010 - 9:46am | 497Consumers’ growing pessimism about the economic recovery shook investors’ confidence on Friday, sending major averages off at least 2%, even as some companies reported better-than-anticipated quarterly numbers. Financials led on the downside after some big names from the sector posted weaker-than-...
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Company News for July 19, 2010 - Corporate Summary
Monday, July 19, 2010 - 9:46am | 243• Halliburton (NYSE:HAL) reported better-than-expected earnings and revenues as earnings of 52 cents beat Zacks estimates of 37 cents a share, and revenues of $4.4 billion reflected 25.6% YoY improvement and were ahead of Zacks estimates of $4.1 billion • Hasbro (NYSE:HAS) posted estimate-topping...
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A Peek Into The Market Before Trading Starts
Monday, July 19, 2010 - 9:27am | 472Pre-open movers US stock futures moved up today as investor confidence in the US market improved, following a wave of earnings. While futures on the Dow Jones Industrial Average rose 49 points to 10108, those on the S&P 500 added 5.8 points to 1068.9. Meanwhile, Nasdaq 100 futures advanced 10.5...
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HTC, Samsung Disagree With Apple's Smartphone Claims (AAPL)
Monday, July 19, 2010 - 9:15am | 132According to a report in the Wall Street Journal, cell phone makers HTC Corp. and Samsung Electronics Co. made statements on Monday that disputed claims made by Apple Inc. (NASDAQ: AAPL) that the iPhone 4's reception problems are also being experienced by other smartphone makers. Taiwan's HTC said...
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Benzinga’s Top Pre-Market NASDAQ Losers (PRGO, BIDU, TEVA, AAPL)
Monday, July 19, 2010 - 9:04am | 162Perrigo Company (NASDAQ: PRGO) dipped 1.69% to $56.32 in the pre-market session. Analysts at Goldman Sachs have downgraded PRGO from “neutral” to “sell.” Baidu Inc (NASDAQ: BIDU) lost 1.07% to $72.74 in the pre-market session. China's main state-run television station has accused BIDU of directing...
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Benzinga’s Top Pre-Market NASDAQ Gainers (CYPB, ZAGG, ARNA, YHOO)
Monday, July 19, 2010 - 9:03am | 153Cypress Bioscience Inc (NASDAQ: CYPB) rose 35.60% to $3.39 in the pre-market session. Ramius LLC has offered to acquire all the outstanding shares of CYPB for $4.00 per share in cash. ZAGG Incorporated (NASDAQ: ZAGG) added 9.96% to $2.87 in pre-market trading. ZAGG has offered solutions to resolve...
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Apple iPad in Nine More Countries This Friday
Monday, July 19, 2010 - 8:42am | 289Apple (Nasdaq: AAPL) announced that iPad will be available in Austria, Belgium, Hong Kong, Ireland, Luxembourg, Mexico, Netherlands, New Zealand and Singapore this Friday, July 23. iPad allows users to connect with their apps and content in a more intimate, intuitive and fun way than ever before....