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Technical Trade Ideas for Friday, June 17
Thursday, June 16, 2011 - 5:28pm | 1516( click to enlarge ) Shares of Novatel Wireless, Inc. (NASDAQ:NVTL) soared 6.42% or 34 cents to $5.64 per share, continuing to react to the news of BMO Capital that Novatel's (NVTL) MiFi has emerged as the preferred LTE device at Verizon (VZ).The firm thinks the Street is underestimating...
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Yahoo Finance Having Problems?
Thursday, June 16, 2011 - 3:15pm | 131Benzinga is hearing reports that Yahoo! Finance is having trouble this afternoon. After performing a quick check of the site, stock pages for Ford (NYSE: F), Apple (NASDAQ: AAPL), Research in Motion (NASDAQ: RIMM), THQ (NASDAQ: THQI), and General Motors (NYSE: GM) loaded very smoothly. Individual...
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Twitter + Big Mouth = Job Loss
Thursday, June 16, 2011 - 11:07am | 574Who knew that Twitter could be so damaging to your career? While it makes sense that a person could lose his or her job for ranting in a room full of people, it almost seems silly to think that the same result could follow a grievance written in 140 characters or less. Unless, of course, you have...
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Is Social Networking Just a Fad?
Thursday, June 16, 2011 - 9:18am | 1042Facebook just lost six million American users, marking the end of an era for the world's largest online community. Well, not really. But it does beg the question: what does the future hold for social networking? And how can six million people just vanish from Facebook? Statistical Anomalies...
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Stocks to Watch for 6/16/11: Fresh 52-Week Highs and Lows
Thursday, June 16, 2011 - 1:28am | 2229The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...
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Brian Sozzi Discusses Technical Analysis On Some Names
Wednesday, June 15, 2011 - 1:15pm | 264Brian Sozzi is out with a research note on some potential ideas, this time from a technical analysis, rather than a fundamental perspective. In the note Sozzi discusses Bebe (NASDAQ: BEBE), Kohl's (NYSE: KSS), Macy's (NYSE: M), Furniture Brands (NYSE: FBN), Buckle (NYSE: BKE), and Activision...
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MakeMusic, Inc. Appoints Karen van Lith as CEO
Wednesday, June 15, 2011 - 8:20am | 46MakeMusic, Inc. (NASDAQ: MMUS) announced its board of directors has appointed Karen van Lith as president, chief executive officer and director, effective June 13, 2011. Van Lith replaces interim CEO, Jeff Koch, who will remain on the board of directors.
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Benzinga's Top Pre-Market NASDAQ Gainers
Wednesday, June 15, 2011 - 7:22am | 126Glu Mobile Inc (NASDAQ: GLUU) shares advanced 1.60% to $5.08 in the pre-market session. GLUU had $24.39 million in total cash and no debt for the latest quarter. ProShares UltraPro Short QQQ (NASDAQ: SQQQ) shares advanced 1.26% to $28.08 in the pre-market session. Velti plc (NASDAQ: VELT)...
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Majesco Entertainment Plunges 15% Despite Beat And Raise Quarter
Tuesday, June 14, 2011 - 11:11am | 173Investors are taking profits in Majesco Entertainment (NASDAQ: COOL), on Tuesday despite a beat and raise quarter for the company and a price target hike at Needham & Co. Majesco reported non-GAAP net income of $5.4 million or $0.13 per share, compared to $1.2 million or $0.03 per share, in the...
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Activision-Blizzard is the "Best Way to Play" the Video Game Sector, Deutsche Bank Reports
Tuesday, June 14, 2011 - 7:39am | 115“Given our expectations of declining packaged goods software sales through 2011, we recommend Activision-Blizzard (NASDAQ: ATVI) as the best way to play the sector, since over 50% of its profits come from Blizzard,” Deutsche Bank reports. “Furthermore, the co. looks to be the best positioned with...
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Piper Jaffray Comments on Domestic Packaged Goods Game Segment
Tuesday, June 14, 2011 - 7:13am | 93Sales within the domestic packaged goods game segment decreased 19% Y/Y during May “due to a light release schedule and a continued shift to digital gaming,” Piper Jaffray reports. “Total industry sales of hardware and software combined decreased 13% Y/Y as hardware sales decreased 5% Y/Y and...
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Bank of America Merrill Lynch Discusses Take-Two
Tuesday, June 14, 2011 - 6:41am | 186Bank of America Merrill Lynch is out with a research report on Take-Two Interactive Software, Inc. (NASDAQ: TTWO), and the gaming sector in particular. In the note, Bank of America Merrill Lynch writes, "US retail sales were down 33% y/y (UK sales were up 3%) despite catalog sales strength and QTD...
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2K Games and Gearbox Software Announce Duke Nukem Forever Is Now Available
Tuesday, June 14, 2011 - 6:31am | 612K Games and Gearbox Software announce that Duke Nukem Forever has arrived and is now available in North America on the Xbox 360® video game and entertainment system from Microsoft, PlayStation®3 computer entertainment system and Windows PC. 2K Games is a division of 2K, a publishing label of...
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Wedbush Raises PT On Majesco Entertainment To $4
Tuesday, June 14, 2011 - 6:17am | 28Wedbush Securities has raised the price target on Majesco Entertainment Company (NASDAQ: COOL) from $3.50 to $4 and maintains its Neutral rating.
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Stock Trade Ideas for Tuesday, June 14
Monday, June 13, 2011 - 4:45pm | 1361( click to enlarge ) Zagg Inc (NASDAQ:ZAGG) rallied another 5% on heavy volume. The stock hit a high of $12.50, which is now resistance for Tuesday's continuation move. ( click to enlarge ) THQ Inc. (NASDAQ:THQI) held up well in the weak market. Short term, I'm looking for a bounce on THQI...