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When One Commodity Goes, the Rest Follow 05-05-2011
Thursday, May 5, 2011 - 2:59pm | 1045Cusick's Corner When one commodity goes, the rest will follow. That is a 10,000 foot perspective, but when you saw Silver, SLV, tip and the margin requirements adjust up, so far twice, levered players are going to have to make some shifts. We also have a Dollar, UUP, firming today and the Base...
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Earnings Preview: Visa & How To Trade It (V, MA, DFS)
Thursday, May 5, 2011 - 12:43pm | 174Visa (NYSE: V) is set to report earnings tomorrow morning, and the whole world will be watching Visa, as Wall Street will be looking to hear what the company has to say about the Durbin rule, which affects debit-card fees. If Visa is able to surpass earnings estimates of $1.20 per share on $2.23...
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Goldman Sachs Comments On Wright Express Corp Following Recent Earnings Release
Thursday, May 5, 2011 - 9:47am | 175Wright Express Corp (NYSE: WXS) reported 1Q11 EPS of $0.75 vs. Goldman Sachs/consensus $0.66/ $0.69. Revenue was $120 mn, vs. Goldman/consensus $114 mn/$117mn. Management upped revenue guidance to $533-553mn and EPS guidance to $3.40-3.60. The solid print was driven by solid growth in fuel and...
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J.P. Morgan Upgrades PT On Wright Express To $62, Reiterates Neutral (WXS)
Thursday, May 5, 2011 - 8:52am | 159J.P. Morgan upgraded its price target on Wright Express (NYSE: WXS) from $55 to $62 in a research report published today, after Wright Express announced better than expected Q1 results. An upgrade in price target was not enough for J.P. Morgan to raise its rating on Wright Express from Neutral as...
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J.P. Morgan Increases PT From $18.00 To $21.00 and EPS Estimate From $0.94 To $0.98 On HPY
Thursday, May 5, 2011 - 8:50am | 108In a recent report, J.P. Morgan has increased the price target on Heartland Payment Systems (NYSE: HPY) from $18.00 to $21.00 and also increased the EPS estimate from $0.94 to $0.98 after a better than expected 1Q for HPY. In the report, J.P. Morgan said, "Heartland Payment reported solid 1Q10...
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Alliance Data's LoyaltyOne Business Announces Dotz and Banco do Brasil National Agreement (ADS)
Thursday, May 5, 2011 - 7:35am | 127Alliance Data Systems Corporation (NYSE: ADS), a leading provider of transaction services, marketing services and credit services, announced that CBSM - Companhia Brasileira De Servicos De Marketing, operator of Brazil's Dotz loyalty program (www.dotz.com.br ), of which LoyaltyOne has a sizeable...
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JP Morgan Raises PT On Heartland Payment Systems To $21
Thursday, May 5, 2011 - 7:23am | 28JP Morgan has raised the price target on Heartland Payment Systems (NYSE: HPY) from $18 to $21 and maintains its Neutral rating.
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Goldman Sachs Raises HPY Target From $17 To $19
Thursday, May 5, 2011 - 7:22am | 31Goldman Sachs is raising its PT on shares of Heartland Payment Systems, Inc. (NYSE: HPY) from $17 to $19. Heartland Payment Systems closed Wednesday at $20.84.
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JP Morgan Raises PT On Wright Express To $62
Thursday, May 5, 2011 - 7:07am | 27JP Morgan has raised the price target on Wright Express (NYSE: WXS) from $55 to $62 and maintains its Neutral rating.
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US Stock Futures Down As Investors Await GM Earnings, Retail Sales Data, ECB Meeting; Lloyds Shares Drop In Pre-Market Trading
Thursday, May 5, 2011 - 6:32am | 751US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM), same-store sales data and a meeting of the European Central Bank (ECB). Futures on the Dow Jones Industrial Average dropped 25 points to 12,647.00 and futures on the S&P 500 stock...
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Earnings Scheduled For May 5 (SLE, GM, V, AIG, CI, FLR, KFT, EP, EL, MHK, DTG, CVS, FIG, SUN, OWW, PSA, RNWK, IT, FO, PCLN, PGN, DTV, TDC)
Thursday, May 5, 2011 - 12:33am | 609Sara Lee Corp (NYSE: SLE) is estimated to post its Q3 EPS at $0.25 on revenue of $2.23 billion. General Motors Company (NYSE: GM) is projected to report its Q1 EPS at $0.93 on revenue of $35.59 billion. Visa Inc (NYSE: V) is expected to post its Q2 earnings at $1.20 per share on revenue of $2....
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Stocks To Watch For May 5 (GM, JDSU, KFT, ERTS, V)
Thursday, May 5, 2011 - 12:26am | 345Some of the stocks that may grab investor focus today are: Wall Street expects General Motors Company (NYSE: GM) to report its Q1 EPS at $0.93 on revenue of $35.59 billion. GM shares gained 0.97% to $33.36 in after-hours trading. JDS Uniphase Corp (NASDAQ: JDSU) swung to a profit in the fiscal...
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What's Hot On TheStreet
Wednesday, May 4, 2011 - 2:07pm | 249Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 'I Wouldn't Be Caught Dead With Silver Traders' On Tuesday night, some failed hedge fund manager suggested he wouldn't get any global-macro information from TheStreet. Well, I can tell you he has been hit over...
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J.P. Morgan Raises PT On MasterCard To $330, Reiterates Overweight (MA)
Wednesday, May 4, 2011 - 9:41am | 105J.P. Morgan increased its price target on MasterCard (NYSE: MA) from $285 to $330, while reiterating its Overweight rating, in a research report published today. In the report, J.P. Morgan states, "MasterCard reported strong, clean 1Q11 results of $4.29, exceeding JPM/Street estimates of $4.09 on...
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Paychex CFO John Morphy to Retire; Appoints Efrain Rivera as New CFO
Wednesday, May 4, 2011 - 9:18am | 80Paychex, Inc. (NASDAQ: PAYX) today announced the retirement of John M. Morphy as senior vice president, chief financial officer, secretary, and treasurer. He will remain with the company through the end of 2011. Paychex also announced the appointment of Efrain Rivera as its new senior vice...