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Earnings Scheduled For June 22
Wednesday, June 22, 2011 - 12:48am | 329Paychex Inc (NASDAQ: PAYX) is projected to report its FQ4 earnings at $0.33 per share on revenue of $515.91 million. FedEx Corp (NYSE: FDX) is estimated to post its FQ4 earnings at $1.72 per share on revenue of $10.42 billion. Red Hat Inc (NYSE: RHT) is estimated to post its Q1 EPS at $0.22 on...
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LPS "First Look" Mortgage Report: May Month-End Data Shows a Decrease in Delinquency Rate and Drop in Foreclosure Inventories
Tuesday, June 21, 2011 - 4:58pm | 51Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following "first look" at May 2011 month-end mortgage performance statistics derived from its loan-level database of nearly 40...
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CSC Receives EU Approval to Acquire iSOFT
Tuesday, June 21, 2011 - 4:56pm | 137CSC (NYSE: CSC) today announced it has received unconditional clearance from the European Commission to proceed with the acquisition of iSOFT, one of the world's largest providers of advanced healthcare IT solutions. EU clearance means that all regulatory consents to the transaction have been...
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Western Union Business Solutions Expands to Peru
Tuesday, June 21, 2011 - 4:00pm | 53The Western Union Company (NYSE: WU) announced today that it will launch its international business payments service in Peru. The global cross-border SME payments market is estimated to be similar in size to the consumer cross-border remittance market, with estimated global revenues of over $20...
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US Stock Futures Signal Higher Start On Wall Street
Tuesday, June 21, 2011 - 6:21am | 483US stock futures are higher this morning, ahead of a confidence vote in the Greek parliament later in the day. Futures on the Dow Jones Industrial Average surged 41 points to 12,054.00 and futures on the S&P 500 stock index rose 4.90 points to 1,278.70. Nasdaq 100 futures gained 7.50 points to...
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Stocks To Watch For June 21
Tuesday, June 21, 2011 - 12:10am | 264Some of the stocks that may grab investor focus today are: Wall Street expects Adobe Systems Inc (NASDAQ: ADBE) to report its FQ2 earnings at $0.51 per share on revenue of $994.78 million. ADBE shares declined 1.65% to $30.44 in after-hours trading. Analysts are expecting Carnival Corp (NASDAQ:...
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Forget President Obama: Why Isn't Robert Reich President?
Monday, June 20, 2011 - 11:55am | 655I know it's not a popular view on Wall Street, but what if Robert Reich is right and the wealthy are severely under-taxed, to the detriment of the entire society. In a video on youtube, the former Labor Secretary lays out a brief case for what has caused the decline of the middle class, and with...
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Bears Stop for a Pic-a-Nic 06-17-2011
Friday, June 17, 2011 - 4:37pm | 981Cusick's Corner The market is now just off its best levels but for the most part we are seeing a market bounce on positive headlines and the shorts are stepping aside at this stage. Now this can be expected to happen over the next few sessions, especially since the market just was brutalized over...
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Last Nights Noteables, Upgrades Downgrades of Note
Friday, June 17, 2011 - 9:23am | 294GenMark Diagnostics, Inc. (GNMK) offering of 7,065,600 shares of its common stock at a price to the publicof $4.25 per 8:30a (T3) Tim_K: Merit Medical (MMSI) Offering Mitchum Industries (MIND) offering - Hearing its coming at 15 - Stong daily overall. trading 15.25 post market down $1.22...
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Benzinga's Top Upgrades
Friday, June 17, 2011 - 8:25am | 135JP Morgan upgraded Broadridge Financial Solutions Inc (NYSE: BR) from “neutral” to “overweight.” BR's shares closed at $22.08 yesterday. Broadridge's trailing-twelve-month ROE is 22.29%. Analysts at Sterne Agee upgraded DryShips Inc (NASDAQ: DRYS) from “neutral” to “buy.” DRYS' shares closed at $3...
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UPDATE: KBW Downgrades Lender Processing Services to Market Perform
Friday, June 17, 2011 - 7:53am | 88KBW is out with its report today on Lender Processing Services (NYSE: LPS), downgrading LPS to Market Perform. In a note to clients, KBW writes, "We are downgrading shares of Lender Processing Services to Market Perform following last night's pre-announcement. In addition, we are lowering our 2011...
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J.P. Morgan Upgrades Broadridge To Overweight
Friday, June 17, 2011 - 7:41am | 112According to J.P. Morgan, Broadridge (NYSE: BR) is upgraded to Overweight. J.P. Morgan said that it is upgrading BR from Neutral to Overweight as it sees an increasingly attractive risk-reward profile. “We think this untapped earnings potential could be highlighted next week (June 22nd) at the...
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JP Morgan Upgrades Broadridge To Overweight, Raises PT To $28
Friday, June 17, 2011 - 6:23am | 27JP Morgan has upgraded Broadridge (NYSE: BR) from Neutral to Overweight and has raised the price target from $24 to $28.
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US Stock Futures Up, RIM Shares Tumble In Pre-Market Trading
Friday, June 17, 2011 - 6:13am | 467US stock futures are higher this morning. Shares of Research in Motion Ltd (NASDAQ: RIMM) dropped in pre-market trading after the company cut its earnings forecast. Futures on the Dow Jones Industrial Average gained 21 points to 11,920.00 and futures on the S&P 500 stock index rose 2.30 points...
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Stocks To Watch For June 17
Friday, June 17, 2011 - 12:02am | 406Some of the stocks that may grab investor focus today are: Research In Motion Limited (NASDAQ: RIMM) cut its earnings forecast for the year and announced its plans to cut an unspecified number of jobs. RIMM reported its quarterly net income at $695 million, or $1.33 per share, versus a net income...