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Tech Leading The Market Higher
Tuesday, July 19, 2011 - 10:51am | 205The technology complex is helping lead a broad market rally on Tuesday. It is the strongest sector in a very strong tape, and the Nasdaq is currently trading up 1.70% compared to 1% gains for the Dow and S&P. The SPDR Technology ETF (NYSE: XLK) has jumped 1.78% to $26.29. Among the leading...
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The Sky Looks Clear For The Cloud
Tuesday, July 19, 2011 - 10:38am | 341This morning, the major stock indexes are all trading sharply higher to begin the day. The technology heavy NASDAQ Composite has been the leading index trading higher by 1.57 percent. Last night, International Business Machines (NYSE: IBM) reported earnings that are being well received by investors...
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Biggest Losers As of 10:15AM
Tuesday, July 19, 2011 - 10:27am | 147Avery Dennison (NYSE: AVY) is trading down over 11% after S&P cut its view. Lincare Holdings (NASDAQ: LNCR) is trading down roughly 8% after the company reported earnings lower than the street's expectations. rown & Brown (NYSE: BRO) is trading down over 4.70% after the company reported...
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Dow Jones Industrial Average Companies Increase Expected Dividend Distribution by 12.66% From a Year Ago
Tuesday, July 19, 2011 - 10:14am | 546The Dow Jones Industrial Average's 30 component companies are expected to increase their annual dividend payout by 12.66% year-over-year and 2.93% from the previous quarter, according to a second-quarter 2011 survey by Dow Jones Indexes. DJIA component companies' $101.6 billion expected...
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Apple vs. Google: A 5-Round Scorecard
Tuesday, July 19, 2011 - 10:13am | 81(TheStreet) -- Summer has been good for Apple (NASDAQ: AAPL) shares, but it's been even better for Google's (NASDAQ: GOOG). The fierce mobile tech rivals have enjoyed a resurgent popularity among investors over the past month, with Apple up 14% and Google -- thanks to a strong second-quarter...
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Dell Hits New 52-Week High at $17.23
Tuesday, July 19, 2011 - 9:42am | 75Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of Dell (NASDAQ: DELL) are hitting new 52-week highs. Traders and...
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Goldman Sachs Maintains Buy on NCR
Tuesday, July 19, 2011 - 9:15am | 116Goldman Sachs is out with its report today on NCR (NYSE: NCR), maintaining Buy. In a note to clients, Goldman Sachs writes, "We reaffirm our positive view on NCR shares ahead of its 2Q11 print (scheduled for 7/28/11, after the close). We see the model as well positioned to benefit from multiple...
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UPDATE: JP Morgan Raises Price Target on Diebold from $31.50 to $32.50
Tuesday, July 19, 2011 - 9:07am | 135J.P. Morgan has published a report on Diebold, Incorporated (NYSE: DBD) previewing 2Q11 results. In the report, J.P. Morgan wrote, "We anticipate stable demand in the core financial services segment for DBD. Deposit Automation demand, PCI and ADA compliance and pent-up demand by the regional US...
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Societe Generale Raises IMB PT To $170
Tuesday, July 19, 2011 - 9:05am | 85Societe Genereale has issued a report raising the Price Target on IBM (NYSE: IBM) from $165 to $170 a share. According to the report, "Although we like IBMs strong fundamentals, its high valuation already reflects in our view its growth prospects and earnings power. On different multiples (2012-...
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J.P. Morgan Reiterates Overweight Rating On IBM
Tuesday, July 19, 2011 - 8:38am | 99According to J.P. Morgan, IBM (NYSE: IBM) Overweight rating is reiterated. IBM said that it is establishing a Dec-12 price target of $205, versus its prior Dec-11 price target of $176. “We expect shares of IBM to remain upward biased. The company flexed the muscle of its diverse model with a broad...
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Bank Of America Maintains Buy Rating On IBM
Tuesday, July 19, 2011 - 8:23am | 95According to Bank of America, IBM (NYSE: IBM) 2Q11 EPS of $3.09 beat its/consensus of $3.05/3.03 – versus the model, better revenue ($26.7bn vs. our $25.5bn) and opex, were somewhat offset by lower gross margin. Bank of America said that services bookings were $14.3bn (above Street's ~$12-13bn),...
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Goldman Sachs Reports Strong 2Q Revenue On IBM
Tuesday, July 19, 2011 - 8:05am | 110According to Goldman Sachs, IBM (NYSE: IBM) reported strong second quarter revenues of $26.67 bn and operating EPS of $3.09 versus our estimates of $25.02 bn and $2.96 and consensus of $25.35 bn and $3.03. Goldman Sachs said that the solid revenue growth (up 12% yoy at actual rates) had a currency...
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Stifel Nicolaus Raises PT On IBM, RRC
Tuesday, July 19, 2011 - 8:04am | 41Stifel Nicolaus has raised the following price targets: IBM (NYSE: IBM) Buy, PT raised from $187 to $210 Range Resources (NYSE: RRC) Buy, PT raised from $60 to $75
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Citi Reiterates Buy on IBM, Raises PT from $190 to $205
Tuesday, July 19, 2011 - 8:04am | 55Citi reiterated its Buy rating on IBM (NYSE: IBM). At the same time, Citi raised its price target on the company's stock from $190 to $205. On Monday, IBM lost 0.15% of its value to end the day at $175.28. Its shares rebounded in today's pre-market trading, rising 2.74% to trade around $178.02.
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UPDATE: FBN Securities Raising Price Target On IBM
Tuesday, July 19, 2011 - 7:54am | 119FBN Securities is out with a research report on IBM (NYSE: IBM) following the company's earnings report last night. It is reiterating its Outperform rating and is raising its price target to $210. In a note to clients, FBN Securities writes, "IBM reported NG EPS of $3.09 (ahead of consensus of $3...