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Stocks That Created New 52-Week Highs (ACXM, BBEP, CLMT, CTRN, CNXT)
Monday, January 25, 2010 - 4:23pm | 207Acxiom Corporation (NASDAQ: ACXM) shares jumped 7.34% to create a new 52-week high of $14.92. ACXM has been upgraded by Robert W Baird from “neutral” to “outperform.” BreitBurn Energy Partners LP (NASDAQ: BBEP) shares climbed to $13.99 to create a new 52-week high, before slipping slightly to $13....
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Top 5 Mid-Cap Stocks In The Industrial Goods Sector With The Highest Revenue Estimates (FLR, CNH, ITT, SAI, X)
Friday, January 22, 2010 - 8:45am | 277Below are the top 5 mid-cap industrial goods stocks on the NASDAQ and the NYSE in terms of revenue estimates. The 2009 revenue estimate for Fluor Corporation (NYSE: FLR) is $21.98 billion. FLR’s market capitalization is $8.33 billion. The trailing-twelve-month ROE for FLR stands at 24.92%. Read...
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Molina to Expand - Analyst Blog
Wednesday, January 20, 2010 - 12:42pm | 606Molina Healthcare Inc. (MOH) announced recently that it will purchase information technology (IT) company Unisys Corp.'s (UIS) health information management (HIM) business for $135 million in cash. The transaction is expected to close in the first half of 2010. The closure of the transaction will...
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Indian IT Majors Ramp Up Hiring As Business From US Soars (INFY, WIT)
Wednesday, January 20, 2010 - 9:28am | 245India's top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S., send more work offshore to cut costs as they emerge from the downturn. Tata Consultancy Services, Infosys (NASDAQ: INFY), and Wipro (NYSE: WIT) expanded their global...
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Jim Cramer's Recommendations for Intel, Cooper and Telvent (INTC, CBE, TLVT)
Wednesday, January 20, 2010 - 9:16am | 213According to Jim Cramer, Intel Inc, (NASDAQ: INTC) is set to book positive sales in its notebook and mobile business segments. Intel will also benefit from its upgrade cycle in PCs and business servers. It has a 12x multiple EPS vs the 10-25 multiple Intel’s stock usually has. Jim also recommends...
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Benzinga’s Earnings Roundup (IGTE, COH, BAC, COV, STT, USB)
Wednesday, January 20, 2010 - 9:00am | 497iGATE Corporation (NASDAQ: IGTE) reported today a fourth quarter revenue from continuing operations of $52.4 million, from $51.5 million for the same quarter last year. Net income from continuing operations increased to $8.6 million from $6.8 million in the last year. iGATE Corporation closed at $...
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Strong TCS And Infosys Results Fuel Hopes For Cognizant, Expect 20% Upside (INFY, CTSH, JPM)
Tuesday, January 19, 2010 - 2:05pm | 114Cognizant Technology Solutions (NASDAQ: CTSH) is expected to post 4Q09 results, which would match, if not beat its Indian counterparts, Tata Consultancy Services (TCS) and Infosys (NASDAQ: INFY) which posted revenue growth of more than 5%. Based on growth in financial services (43% of Cognizant’s...
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Unisys Health Info Unit To Be Acquired By Molina Healthcare (MOH, UIS)
Tuesday, January 19, 2010 - 10:25am | 124Molina Healthcare Inc. (NYSE: MOH) has agreed to acquire Unisys Corp.'s (NYSE: UIS) health-information outsourcing business for $135 million. This will expand its services beyond Medicaid managed care. Unisys' health-information management unit outsources the state governments' Medicaid management...
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Unisys Selling Health Info Business For $135 million
Tuesday, January 19, 2010 - 8:23am | 83Unisys Corporation (NYSE: UIS) announced that the company has reached an agreement to sell its health information management business to Molina Healthcare, Inc. (NYSE: MOH). Unisys' health information management business provides design, development, implementation, and business process outsourcing...
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Goldman Sachs Upgrades Sapient to Buy on 2010 Growth Prospects
Friday, January 15, 2010 - 2:57pm | 131Analysts of Goldman Sachs upgrade Sapient Corporation (NASDAQ: SAPE) to “buy.” The 12-month price target for SAPE is set to $10. Sapient’s revenues are likely to improve continuously through this year in view of the marginal improvements in enterprise IT spending and improving advertising trends....
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Distribution Alert: MED, AMX, TSL, GOV, WIT Selling on High Volume
Thursday, January 14, 2010 - 4:34pm | 181As if moving lower wasn’t bad enough some stocks are moving lower on a massive amount of volume. This can often mark the beginning of a breakdown, and/or institutional selling. Today’s high-volume losers are: Medifast Inc. (NYSE: MED) America Movil S.A.B. de C.V. (NYSE: AMX) Trina Solar Ltd. (NYSE...
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Goldman Sachs’ Top Tech Stocks For 2010
Wednesday, January 13, 2010 - 12:58pm | 185Goldman Sachs rates the stocks of Accenture (NYSE: ACN), Citrix (NASDAQ: CTXS), CommVault (NASDAQ: CVLT), EMC (NYSE: EMC), Juniper (NASDAQ: JNPR), Lam Research (NASDAQ: LRCX), and Teradyne (NYSE: TER) as “Conviction List Buy” and considers them the top picks in the tech sector for 2010. Goldman...
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Tim Seymour Is Bullish On Intel (INTC) And Infosys (INFY)
Tuesday, January 12, 2010 - 6:48pm | 102Tim Saymour said on CNBC's Fast Money that he is a buyer of Intel (NASDAQ: INTC) ahead of earnings. He added that technology sector has struggled at the start of 2010 and Intel (INTC) held up. Intel (INTC) closed at $20.61 today. Seymour is also a buyer of Infosys Technologies Limited (ADR) (NASDAQ...
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Infosys Beats Estimates - Analyst Blog
Tuesday, January 12, 2010 - 10:30am | 509Infosys Technologies Limited (INFY) reported third quarter 2010 earnings per share of 59 cents, ahead of the Zacks Consensus Estimate of 51 cents. Revenue for the quarter was $1,232 million, a year-over-year growth of 5.2%. Net income after tax was $334 million. A total of 32 new clients were...
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Company News for January 12, 2010 - Corporate Summary
Tuesday, January 12, 2010 - 10:26am | 310• Alcoa (NYSE:AA) reported fourth-quarter earnings excluding items of one cent a share, below estimates of 6 cents, and versus year-ago quarter’s 28 cent loss. Revenues, however, came in better than expected at $5.43 billion, although under last year's $5.68 billion. The firm blamed the results...