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Is It Constitutional To Block WikiLeaks Payments?
Friday, July 8, 2011 - 1:27pm | 261There are many arguments against WikiLeaks and the actions that the company has taken towards transparency. One is that the actions are treasonous. That is nonsense. Nothing has been done to, to quote the constitution, “levy war”. Another is that undercover US agents have been named and those...
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Friday's Put/Call Ratio Leaders
Friday, July 8, 2011 - 1:10pm | 80Here are today's Put/Call Ratio leaders… 1. Thoratec Corp. (NASDAQ: THOR) 8,512 puts, 46 calls 2. El Paso Corp. (NYSE: EP) 6,918 puts, 157 calls 3. Lender Processing Services (NYSE: LPS) 10,567 puts, 317 calls 4. Charles Schwab Corp. (NASDAQ: SCHW) 4,486 puts, 207 calls 5. Banco Bradesco (NYSE:...
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Options Brief: Lender Processing Services
Friday, July 8, 2011 - 11:17am | 79Shares of Lender Processing Services (NYSE: LPS) are lower on the session by 1.67%, trading at $20.11. Overall put volume is now running at 6.14x the daily average, with 0% of all puts traded being purchases on the offer. 10,389 contracts have traded on the session so far. Lender Processing...
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Goldman Sachs Reiterates Neutral on Fiserv, Raises PT to $64
Friday, July 8, 2011 - 9:26am | 33Goldman Sachs reiterated its Neutral rating on Fiserv (NASDAQ: FISV). At the same time, Goldman raised its price target on the company's stock from $60 to $64.
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MasterCard and Visa to Open Near 52-Week Highs
Friday, July 8, 2011 - 8:41am | 475MasterCard (NYSE: MA) and Visa (NYSE: V) reached new 52-week highs of $322.27 and $90.83 per share, respectively, in Thursday's trading session. MasterCard surged from $279 to $309 per share at the end of June, following the Federal Reserve's decision to place a higher-than-proposed cap on debit-...
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Goldman Sachs Raises PT On Fiserv To $64
Friday, July 8, 2011 - 8:18am | 25Goldman Sachs has raised the price target on Fiserv (NASDAQ: FISV) to $64 and maintains its Neutral rating.
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Friday, July 8, 2011 - 12:59am | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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American Express and Discover Hit 52-Week Highs Again
Thursday, July 7, 2011 - 1:05pm | 469American Express (NYSE: AXP) and Discover (NYSE: DFS) reached new multiyear highs of $53.69 and $27.92 per share, respectively, Thursday morning. American Express recently launched a free tool designed to help small businesses monitor social media and also said members could use reward points to...
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Bulls Push Resistance, Breakthrough Coming?
Thursday, July 7, 2011 - 1:05pm | 551:00pm (EST) The market is rallying today on better-than-expected economic news and ahead of Friday's key June jobs report. Futures were pointing towards a strong open after the Automatic Data Processing (ADP) showed June jobs in the U.S. private-sector rose by 157,000 last month. The gain was...
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Mid-Day Update: Positive ADP Jobs numbers sparks broad market rally
Thursday, July 7, 2011 - 12:55pm | 302Markets are trying to hold onto gains for a second straight session after soaring on strong jobs data from ADP and improving jobless claims numbers, as both data points suggest the US economy could be exiting a recent soft patch. Private-sector jobs in the U.S. rose by 157,000 last month, according...
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Bulls Push Resistance, Breakthrough Coming?
Thursday, July 7, 2011 - 12:51pm | 6712:45pm (EST) The market is rallying today on better-than-expected economic news and ahead of Friday's key June jobs report. Futures were pointing towards a strong open after the Automatic Data Processing (ADP) report showed June jobs in the U.S. private-sector rose by 157,000 last month. The...
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Calls Purchased on Total System Services
Thursday, July 7, 2011 - 12:31pm | 125Shares of Total System Services (NYSE: TSS) are higher on the session by 1.06%, currently trading at $18.98. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while...
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The Man Coming Down On Hacker Group Anonymous In Euro Locales
Thursday, July 7, 2011 - 12:29pm | 237Police in Switzerland raided the home of a man who is suspected of carrying out computer attacks against Italian websites for the infamous hacker collective Anonymous according to Swiss prosecutors. “They seized lots of computer material,” Valerio Snider, spokesman for the prosecutor's office in...
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Market Update
Thursday, July 7, 2011 - 9:44am | 264Shares of Lumber Liquidators Holdings Inc (NYSE: LL) dipped about 22.3% after the retailer lowered its full-year forecast and projected weaker-than-expected results for the second quarter. The retailer now expects full-year earnings between $1 and $1.15 per share on sales of $670 million to $700...
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Morgan Stanley Updates 7/7
Thursday, July 7, 2011 - 9:28am | 216Morgan Stanley made a number of updates in a research report published today. Urban Outfitters Inc. (NASDAQ: URBN) had its rating upgraded from Equal-weight to Overweight. At the same time, its price target was raised from $34.00 to $36.00. On Wednesday, URBN closed the day at $30.75. Its shares...