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Lender Processing Services Dives on Earnings Revision
Thursday, June 16, 2011 - 4:23pm | 226Shares of Lender Processing Services (NYSE: LPS) are crashing in the after-hours trade following a revision to the company's guidance for Q2. Currently, shares are off 7.40%, at $21.64; they closed the regular session lower by 3.71%, at $23.37. Lender Processing Services said that is sees Q2 EPS...
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Lender Processing Services Falling Over 13% After Cutting Q2 Outlook
Thursday, June 16, 2011 - 4:10pm | 103Lender Processing Services, Inc. (NYSE: LPS) today announced that it now expects second quarter 2011 adjusted earnings to be in the range of 54-56 cents per diluted share. This updated outlook reflects further weakness in default volumes and continued sluggish origination activity, in particular,...
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Lender Processing Services Lowers Outlook for Second Quarter 2011
Thursday, June 16, 2011 - 4:06pm | 228Lender Processing Services, Inc. (NYSE: LPS) today announced that it now expects second quarter 2011 adjusted earnings to be in the range of 54-56 cents per diluted share. This updated outlook reflects further weakness in default volumes and continued sluggish origination activity, in particular,...
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Bottom-Picking - Leave It to the Proctologists 06-16-2011
Thursday, June 16, 2011 - 3:54pm | 1053Cusick's Corner I am not going to try to pick a bottom here but the landscape of the market is bearish. This move to the downside has potentially raised consumer hopes that this recent pullback in crude might (and I stress MIGHT) be reflected at the pump but I am not holding my breath. The equity...
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Options Brief: Computer Sciences Corporation
Thursday, June 16, 2011 - 10:49am | 86Shares of Computer Sciences Corporation (NYSE: CSC) are higher on the session by 1.45%, trading at $38.75. Overall put volume is now running at 2.70x the daily average, with 4% of all puts traded being purchases on the offer. 9,126 contracts have traded on the session so far. Computer Sciences...
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J.P. Morgan Reviews CSC's 10-K Submission
Thursday, June 16, 2011 - 9:00am | 182J.P. Morgan is maintaining its Neutral rating on Computer Sciences Corp. (NYSE: CSC) in light of the company's submission of its FY11 Form 10-K last evening. According to J.P. Morgan, “Last evening, CSC filed its FY11 Form 10-K (despite some fears that it might miss this target date), sharing more...
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Transcontinental Flight to Safety 06-15-2011
Wednesday, June 15, 2011 - 6:28pm | 933Cusick's Corner Well, we just took a ride on the transcontinental flight to safety and for some of us this has been neither a cheap nor enjoyable flight, especially with the Euro dumping over 2% against the Buck. There was a small lift after the lows on the close but we are at critical levels on...
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DST Systems Responds to News Report; Says Is Not in Talks with Private Equity Firm
Wednesday, June 15, 2011 - 3:56pm | 195DST Systems, Inc. (NYSE: DST) clarified a news report published yesterday evening by Reuters. Like many public companies, DST has received informal inquiries from time to time regarding its interest in engaging in a sale transaction to a private equity firm. However, DST is not in discussions...
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ADP Hacked
Wednesday, June 15, 2011 - 3:13pm | 266CNBC is reporting that payment processing company ADP (NYSE: ADP) has been hacked. ADP has issued a statement on the hack, which can be found here. From the press release: ROSELAND, N.J., June 15, 2011 /PRNewswire/ — Automatic Data Processing, Inc., today announced that it is investigating and...
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Wednesday's Put/Call Ratio Leaders
Wednesday, June 15, 2011 - 12:32pm | 84Here are today's Put/Call Ratio leaders… 1. H and R Block Inc. (NYSE: HRB) 7,314 puts, 23 calls 2. Hologic Inc. (NASDAQ: HOLX) 10,314 puts, 42 calls 3. Radian Group Inc. (NYSE: RDN) 10,672 puts, 100 calls 4. Lender Processing Services Inc. (NYSE: LPS) 2,812 puts, 33 calls 5. Cheesecake Factory Inc...
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DST Systems Off Highs As Markets Weaken
Wednesday, June 15, 2011 - 12:16pm | 112DST Systems, Inc. (NYSE: DST) shares are off their highs despite the company receiving a buyout offer, according to Reuters. Reuters report that the the company, which sells data- processing software and services, received offers from private-equity firms. According to people close to the...
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Puts Purchased on Paychex, Inc.
Wednesday, June 15, 2011 - 11:09am | 118Shares of Paychex, Inc. (NASDAQ: PAYX) are lower on the session by 1.67%, currently trading at $29.72. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago...
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Morning Market Movers
Wednesday, June 15, 2011 - 9:51am | 134DST Systems Inc (NYSE: DST) shares surged 18.14% to $57.08 at 9:45 am. DST received several buyout bids from private equity firms, Reuters reported. Atrinsic Inc (NASDAQ: ATRN) jumped 20.27% to $3.50. ATRN had no debt for the recent quarter. NF Energy Saving Corporation (NASDAQ: NFEC) shares...
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Goldman Sachs Suggests Buying 1x2 Put Spreads on Visa Inc.
Wednesday, June 15, 2011 - 9:28am | 169Goldman Sachs is out with a research report this morning, where it suggests that traders buy 1x2 put spreads on Visa Inc. (NYSE: V) to hedge debit reform. The analysts see short term risk to shares ahead of the Debit interchange deadline on July 21, 2011. While the analysts are bullish on the...
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Goldman Sachs Suggests Buying 1x2 Put Spreads on MasterCard
Wednesday, June 15, 2011 - 9:26am | 170Goldman Sachs is out with a research report this morning, where it suggests that traders buy 1x2 put spreads on MasterCard (NYSE: MA) to hedge debit reform. The analysts see short term risk to shares ahead of the Debit interchange deadline on July 21, 2011. While the analysts are bullish on the...