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Watch the Zig-Zag 05-17-2011
Tuesday, May 17, 2011 - 3:28pm | 1011Cusick's Corner I do not like what I see -- too many stocks are slicing through mid-term support, 50 SMA, and the sector rotation is very defensive. In full disclosure I am working, not in yet, a neutral/bearish ratio spread in the S&Ps. The Bulls are on watch, neutral positioning that has...
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Hewlett-Packard Off Lows, Still Down Nearly 8% (HPQ)
Tuesday, May 17, 2011 - 2:31pm | 85After reporting earnings and guidance this morning that did not live up to Wall Street expectations, Hewlett-Packard Company (NYSE: HPQ) shares are plunging, down 8%, but off the lows of the session. The Palo Alto-based company provided disappointing guidance, saying it expects to earn $5 per...
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Should Apple Brace Itself for a Nook Invasion?
Tuesday, May 17, 2011 - 2:05pm | 760You wouldn't think that Barnes & Noble (NYSE: BKS), one of the most embattled retailers in the nation, could ever pose a threat to Apple (NASDAQ: AAPL). But after gaining nearly 30%, B&N announced that its new app store had sold and/or given away one million apps. Compared to Apple's App...
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A Cynical, Contrarian View on Microsoft
Tuesday, May 17, 2011 - 2:03pm | 741By Professor Pinch A lot of buzz has been generated about Microsoft's (MSFT) deal to buy teleconferencing service Skype for $8.5 billion. A good bit of it has been positive. It's being heralded as a breakthrough for Microsoft: a realization that people want to communicate for little to no cost and...
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Leading Stocks Have Fallen Apart
Tuesday, May 17, 2011 - 1:44pm | 183Many of the leading stocks and sectors in the market have completely fallen apart in recent weeks. From high fliers such as Baidu.com (NASDAQ: BIDU), the iShares Silver Trust ETF (NYSE: SLV) and even Apple (NASDAQ: AAPL) to entire sectors such as energy and basic materials, the damage in the...
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Stock Market Analysis: Keys Of The Day
Tuesday, May 17, 2011 - 1:40pm | 290The markets are struggling again on the back of a stronger U.S. Dollar. This is pushing commodities like oil sharply lower. In addition, demand fears are hurting technology stocks again today as countries like Greece and Ireland look to need another bailout. With the European issues, the Euro is...
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Intel CEO Says Has Defensive Advantage In Windows, Mac World
Tuesday, May 17, 2011 - 12:13pm | 64Intel (NASDAQ: INTC) CEO says, "future Intel chips to use much less power... Apple (NASDAQ: AAPL) spent $1 billion to shift mac os to x86... Intel has defensive advantage in windows, mac world... data center revenue to top $20 bln within 5 yrs... data center business to reach $10 billion this yr."
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News Summary
Tuesday, May 17, 2011 - 9:49am | 303Shares of LKQ Corporation (NASDAQ: LKQX) gained about 0.2% after the company announced its plans to buy the US paint distribution business, including 40 stores, from AkzoNobel Coatings Inc. The transaction is likely to close by May 27. Financial details of the deal were not disclosed. Wal-Mart...
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Trapped in an iPhone: Fun for the Viewer, Torture for the Prisoner
Tuesday, May 17, 2011 - 9:08am | 96It's no fun being trapped inside an iPhone. Or is it? Tuaw has discovered an interesting video where a man has been trapped inside not one, not two, but three iPhones. Take a look. This may not have been what Apple (NASDAQ: AAPL) intended when designing the iPhone, but you have to admire the...
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Earnings Roundup For May 17 (HD, TJX, WMT, HPQ, SKS, TSL, DKS, STV, VOD, SCEI, TSEM, CHUX, ITRN, GCAP)
Tuesday, May 17, 2011 - 9:06am | 1020Home Depot Inc (NYSE: HD) reported a 12% rise in its fiscal first-quarter net income and raised its earnings forecast for the fiscal year. The retailer reported its quarterly earnings at $812 million, or $0.50 per share, up from $725 million, or $0.43 per share, in the year-ago quarter. Its shares...
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Citi Reiterates Buy As HPQ Prepares For Another Tough Quarter
Tuesday, May 17, 2011 - 8:49am | 128Citi is reiterating its Buy rating and $65 price target on Hewlett-Packard Co. (NYSE: HPQ) as the company prepares for another tough quarter. Says Citi, in the report, “HPQ shares are trading down 5% in after-hours trading due to press reports of a leaked memo from CEO Leo Apotheker to top...
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Upgrades Downgrades, Stocks to Watch May 17
Tuesday, May 17, 2011 - 8:36am | 302Slim picking now that we are past peak earnings season. only one stock this am I'm currently focused on Hewlett-Packard (HPQ): Beats With Q2, Guides Below Street - Good liquidity in the pre market. Cupping over on the 5 minute - working pre market seller. looking for 37.49 lows then 37.25 levels...
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Futures Give Up Pre-Market Gains On Weak HP, Wal-Mart Results (HPQ, WMT)
Tuesday, May 17, 2011 - 8:11am | 82Futures have given up all of their pre-market gains this morning, as earnings reports from Wal-Mart (NYSE: WMT) and Hewlett-Packard (NYSE: HPQ) missed estimates, citing weakened consumers, and rising commodity costs. At last check, Dow futures were up 4 points, NASDAQ futures were down 0.5 point,...
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Auriga Anticipates Solid Dell Quarter
Tuesday, May 17, 2011 - 8:11am | 117Auriga is expecting a solid quarter from Dell Inc. (NASDAQ: DELL) when it reports its F1Q12 (April) results, scheduled for Tuesday, May 17 after the close. “Longer term, we believe Dell can grow its top-line roughly in-line with overall IT spending as it transforms itself into a full-service...
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UPDATE: Hewlett-Packard Reports Upbeat Q2 Earnings, Lowers Forecast; Shares Down In Pre-Market Trading
Tuesday, May 17, 2011 - 8:00am | 179Hewlett-Packard Co (NYSE: HPQ) released its results for the second quarter on Tuesday. The company reported its quarterly profit at $2.3 billion, or $1.05 per share, up from $2.2 billion, or $0.91 per share, in the year-earlier period. Its adjusted earnings surged to $1.24 per share from $1.09 per...