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Apple Surprises Again.
Wednesday, July 20, 2011 - 9:04pm | 122Wow, and double wow! That's all I can say about Apple's (AAPL) ballistic earnings. Talk about firing on all cylinders and the turbocharger and the supercharger and the same time! Apple is now the world's second largest company and is boasting a positively mind boggling $76 billion in cash, one of...
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Stocks Took a Breather 07-20-2011
Wednesday, July 20, 2011 - 7:37pm | 992Cusick's Corner Stocks took a breather, a little profit taking after yesterday's rally. Financials led the day on news from E-Trade (ETFC) and US Bancorp (USB). The Financial Select Sector ETF (XLF) was up +1.14% to close at 15 and the option volume was almost 80% higher than the average daily...
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SP500 Continues Consolidation
Wednesday, July 20, 2011 - 7:15pm | 122Wow, and double wow! That's all I can say about Apple's (AAPL) ballistic earnings. Talk about firing on all cylinders and the turbocharger and the supercharger and the same time! Apple is now the world's second largest company and is boasting a positively mind boggling $76 billion in cash, one of...
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U.S. Dollar Breaks Key Support as Haven Flows Seek Refuge Elsewhere
Wednesday, July 20, 2011 - 7:00pm | 122Wow, and double wow! That's all I can say about Apple's (AAPL) ballistic earnings. Talk about firing on all cylinders and the turbocharger and the supercharger and the same time! Apple is now the world's second largest company and is boasting a positively mind boggling $76 billion in cash, one of...
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Rovi to Power HP MovieStore on HP TouchPad
Wednesday, July 20, 2011 - 4:33pm | 108Rovi Corporation (Nasdaq: ROVI) today announced its RoxioNow™ platform is enabling on-demand access to movies and TV shows via a new HP (NYSE: HPQ) MovieStore application for HP TouchPad. Available July 1, HP's first webOS tablet adds to a range of HP notebooks and desktop PCs that are already...
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Zings Of The Day July 20, 2011
Wednesday, July 20, 2011 - 3:45pm | 164Shares of Tesla Motor (NASDAQ: TSLA) rose sharply today after it disclosed a $100 million deal with Toyota (NYSE: TM) to provide parts for an electric version of the Rav4. Great. So Americans automotive future rests on Japan. Haven't I seen this one before? Several banks are weighing bids for...
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Chop & Pop 07-20-2011
Wednesday, July 20, 2011 - 2:38pm | 1108Cusick's Corner This market pops on bad news, chop and then pop in spite of negative sentiment for fear of missing the next leg up. This is the grinding, choppy segment after the poor data and continued debt fears here and across the Pond. So what to do? Well volatility has pulled back this week...
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FBN Securities Reiterates Dell Outperform
Wednesday, July 20, 2011 - 2:29pm | 71FBN Securities reiterated its Dell (NASDAQ: DELL) Outperform rating and provided color on Dell's decision to acquire Force10 Networks in a research report published today. In the report, FBN Securities states, "We continue to like DELL due to its strong enterprise focus and momentum in emerging...
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Check Out The Chart: When Equal-Weight Fails
Wednesday, July 20, 2011 - 2:26pm | 425The efficacy of equal-weight ETFs, a strategy pioneered by ETF sponsor Rydex, has been proven time and again over the past several years. As many equity-based ETFs have been criticized for excessive weights to just one or two stocks, Rydex has turned the equal-weight approach into meaningful...
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Stocks Slip as Investors Show Caution
Wednesday, July 20, 2011 - 1:43pm | 111(TheStreet) -- Stocks retreated Wednesday as investors showed caution after the previous session's strong gains. The Dow Jones Industrial Average was scaling back after closing Tuesday's session up by 202 points or 1.6% -- its highest point and percentage gain since Dec. 1, 2010 -- down by 21...
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The King Of The Jungle Is Going After The Cheetah
Wednesday, July 20, 2011 - 12:53pm | 696What some thought was just a "hobby" as Steve Jobs likes to call Apple (NASDAQ: AAPL) TV, Amazon (NASDAQ: AMZN) announced this morning that it is going after Netflix (NASDAQ: NFLX) by reaching a deal with CBS (NYSE: CBS) to stream thousands of the CBS television shows online. The deal is non-...
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Stock Markets Relax As Eyes Back To Debt Ceiling
Wednesday, July 20, 2011 - 12:16pm | 225The stock market looks to be pausing today after a monster upside move yesterday. This upside move came on the back of great recent corporate earnings from big players like International Business Machines Corp. (NYSE: IBM) and Google Inc. (NASDAQ: GOOG). In addition, fears out of Europe subsided...
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Netflix Earnings Preview: Analysts Expect Rising Revenue Over Previous Quarter
Wednesday, July 20, 2011 - 11:35am | 518Netflix (Nasdaq: NFLX) unveils its next round of earnings this Monday, July 25, 2011. Here is Benzinga's everything-that-matters guide for this Monday's second quarter earnings announcement. Earnings and Revenue: Wall Street expects a positive EPS reading of $1.11 per share and revenues of $790....
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Tech That Still Looks A Wreck
Wednesday, July 20, 2011 - 10:44am | 328The NASDAQ Composite has been the strongest major stock index recently. Yesterday, the tech heavy index soared higher by nearly 2.5 percent. Leading technology stocks such as Apple Inc.(NYSE: AAPL), and Google Inc.(NYSE: GOOG) have lead the NASDAQ higher since late June 2011. While many leading...
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NASDAQ Stocks Hitting 52-Week Highs
Wednesday, July 20, 2011 - 10:17am | 126Apple Inc (NASDAQ: AAPL) shares rose 3.38% to create a new 52-week high of $389.60. AAPL reported upbeat quarterly results. Crosstex Energy Inc (NASDAQ: XTXI) shares gained 0.96% to create a new 52-week high of $13.70. XTXI declared rise in quarterly distribution and dividend. Kona Grill Inc (...