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Trade Ideas for February 18, 2010
Thursday, February 18, 2010 - 6:47am | 227Despite the tear the market has been on this week, the early morning hours is showing futures with a little bit of hesitation. I added three additional short positions to the portfolio with the expectation that this market cannot go much higher as it is up against critical levels of resistance. So...
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Video Game Sales Turned Sluggish In January (MSFT, SNE, ATVI, ERTS)
Friday, February 12, 2010 - 1:01am | 135In a recently released report, research firm NPD Group stated that U.S. retail sales of consoles and videogames fell 13%in the month of January. However, both Microsoft (NASDAQ: MSFT) and Sony (NYSE: SNE) improved their console sales figures. Sony’s (SNE) PS3 sales rose by 35%, whereas Xbox 360...
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Benzinga’s Volume Movers (ATVI, EQIX, TKLC, CHBT, PTNR)
Thursday, February 11, 2010 - 2:34pm | 198Activision Blizzard, Inc (NASDAQ: ATVI) shares gained 9.91% to $11.10. The volume of ATVI shares traded was 285% higher than normal. Although ATVI reported a wider-than-expected loss for Q4, the company issued better-than-expected guidance for the full year. Equinix, Inc (NASDAQ: EQIX) shares rose...
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Activision Blizzard, Inc.’s (ATVI) Fourth-Quarter Review
Thursday, February 11, 2010 - 12:42pm | 191Cowen and Company (NASDQ: COWN) has released an update on Activision Blizzard, Inc. (NASDAQ: ATVI). The company has reported results for the fourth-quarter. Activision Blizzard reported non-GAAP EPS of $0.49 for the fourth-quarter. The company had revenue of $2.5 billion. The company’s results for...
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ATVI Beats Q4 Expectations
Thursday, February 11, 2010 - 10:42am | 129Analyst Todd Mitchell of Kaufman Brothers maintains his "buy" rating on Activision Blizzard Inc (NASDAQ: ATVI). The target price for ATVI is set to $15. According to Kaufman Brothers, Activision Blizzard reported its Q4 results ahead of expectations despite a tough environment. “A billion dollars...
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Benzinga’s Top Pre-Market Gainers (JASO, ATVI, PALM, CSUN, AYE)
Thursday, February 11, 2010 - 8:25am | 304JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO) increased 8.80% to $5.07 in the pre-market session. JA Solar Holdings announced today a fourth quarter revenue of RMB 1.6 billion ($238.4 million), as compared to RMB 979.0 million ($143.4 million) for the same quarter last year. The 52-week trading...
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Deutsche Considers Shanda Interactive (SNDA) As Hold
Thursday, February 11, 2010 - 7:57am | 72Deutsche Bank upgraded Shanda Interactive Entertainment (NASDAQ: SNDA) from “sell” to “hold.” The target price for SNDA has been raised from $42 to $48. Deutsche Bank finds the valuation of SNDA attractive. Moreover, with the company's Shanda Games (NASDAQ: GAME) subsidiary initiated with a “buy”...
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Activision Blizzard (ATVI) Shares Rise With Earnings Report
Wednesday, February 10, 2010 - 7:30pm | 236Although its 4th quarter loss grew due to one time charges, video game producer Activision Blizzard, Inc. (Nasdaq: ATVI) easily beat Wall Street expectations. Shares of Activision Blizzard, Inc rose more than 5% in after hours trading when the company released its earnings report. For the quarter...
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Glu Mobile (GLUU) Shares Plummet
Wednesday, February 10, 2010 - 6:45pm | 123Shares of mobile phone game maker Glu Mobile, Inc. (Nasdaq: GLUU) fell more than 5% during the trading day and gained momentum during after hours trading. Glu Mobile Inc. reported a 4th quarter loss of $6.9 million, or 23 cents per share, compared to a loss of $37.2 million, or $1.26 per share,...
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Stocks That Created New 52-Week Highs (BIDU, LNCR, LIOX, LFUS, MMUS)
Wednesday, February 10, 2010 - 2:37pm | 190Baidu, Inc (NASDAQ: BIDU) shares jumped 9.55% to create a new 52-week high of $ 476.54. Baidu had reported impressive Q4 results and higher-than-consensus revenue outlook for Q1. Lincare Holdings Inc (NASDAQ: LNCR) shares rose 1.25% to $40.45, creating a new 52-week high. LNCR set a two-year high...
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Market Roundup (AAPL, MRK, FITB, PNC, TTWO, GOOG)
Wednesday, February 10, 2010 - 1:40pm | 264Apple (NASDAQ: AAPL) may pay as little as $219.35 for the tablet's parts, says iSuppli. That leaves room to cut the price of a device that analysts say may be too expensive. Merck (NYSE: MRK) will pay more than $12 million in legal fees and improve the monitoring of drug safety in a settlement of...
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Benzinga’s Top Pre-Market Losers (TMRK, TRGL, ERTS, TRGL, CONN)
Wednesday, February 10, 2010 - 8:47am | 211Terremark Worldwide, Inc (NYSE: TMRK) decreased 10.91% to $6.94 in the pre-market session. TMRK closed at $5.91 in yesterday’s closing. The 52-week trading range for TMRK is $1.85-$8.98. Terremark Worldwide has lost 4.68% so far in the year. Toreador Resources Corporation (NASDAQ: TRGL) tumbled 10...
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Top 5 Small-Cap NASDAQ Stocks with Highest ROE (RLRN, BARE, NRGP, STAN, OSIP)
Wednesday, February 10, 2010 - 3:29am | 166Below are the top 5 small-cap stocks on the NASDAQ in terms of return on equity. The return on equity for Renaissance Learning Inc (NASDAQ: RLRN) is 1513.91%. The trailing-twelve-month operating margins at RLRN are 25.12%. The return on equity for Bare Escentuals, Inc (NASDAQ: BARE) is 408.27%. The...
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Ugly Day For Electronic Arts (ERTS)
Tuesday, February 9, 2010 - 2:12pm | 112Electronic Arts (NASDAQ: ERTS) has lost nearly 10% of its market cap today after releasing earnings numbers last night. The stock is currently trading at $15.84. Electronic Arts (ERTS) reported earnings per share of $0.33 versus estimates of $0.31. Revenue was in line with Wall Street expectations...
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Electronic Arts, Inc.’s (ERTS) Price Target Lowered
Tuesday, February 9, 2010 - 1:57pm | 106Analysts at RBC Capital Markets have lowered the price target for Electronic Arts, Inc. (NASDAQ: ERTS) from $21 to $20. The company has reported results for the third-quarter, which came in ahead of analysts’ expectations. However, analysts believe that the highlight has been the guidance for FY11...