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Stocks To Watch For June 28
Tuesday, June 28, 2011 - 12:58am | 233Some of the stocks that may grab investor focus today are: Nike Inc (NYSE: NKE) reported a 14% rise in its fourth-quarter profit. Nike reported its quarterly earnings at $594 million, or $1.24 per share, up from $522 million, or $1.06 per share, in the year-ago quarter. Its revenue surged 14% to $...
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To The Cloud: First Trust To Introduce First Cloud-Computing ETF
Tuesday, June 28, 2011 - 12:55am | 342First Trust, the Illinois-based ETF issuer with 59 funds on the market and over $8.2 billion assets under management, filed plans with the Securities and Exchange Commission to introduce the First Trust ISE Cloud Computing Index Fund. The ETF will track the ISE Cloud Computing Index and trade on...
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Accenture
Monday, June 27, 2011 - 6:45pm | 37Accenture (ACN) rose 5% after the S&P 500 index named the consulting firm to replace Marshall & Ilsley (MI), a holding bank. The index also named Amerigroup (AGP), the managed health care provider, to replace Nationwide Health Properties (NHP).
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Servidyne Trading Over 50% Higher after Acquisition
Monday, June 27, 2011 - 10:54am | 51SERVIDYNE, INC. (NASDAQ: SERV) today announced that it has entered into an agreement to be acquired by Scientific Conservation Inc. for $3.50 per share in an all-cash transaction. Read more here.
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Servidyne Agrees to Be Acquired by Scientific Conservation for $3.50/Share in Cash
Monday, June 27, 2011 - 10:05am | 124SERVIDYNE, INC. (NASDAQ: SERV) today announced that it has entered into an agreement to be acquired by Scientific Conservation Inc. for $3.50 per share in an all-cash transaction. The acquisition is subject to Servidyne, Inc. shareholder approvals and other customary closing conditions, and is...
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UBS Upgrades Sapient to Neutral, Raises PT To $14.50
Monday, June 27, 2011 - 8:14am | 26UBS has upgraded Sapient (NASDAQ: SAPE) from Sell to Neutral and has raised the price target from $8.50 to $14.50.
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Societe Generale Reiterates Hold on Accenture, Raises PT to $58
Monday, June 27, 2011 - 6:58am | 46Societe Generale reiterated its Hold rating on Accenture (NYSE: ACN). At the same time, Societe Generale raised its price target on the company's stock from $52 to $58. On Friday, Accenture added 2.39% to its value to close the week at $57.02.
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Societe Generale Raises PT On Accenture To $58
Monday, June 27, 2011 - 5:45am | 26Societe Generale has raised the price target on Accenture (NYSE: ACN) from $52 to $58 and maintains its Hold rating.
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The Cisco Conundrum
Friday, June 24, 2011 - 2:32pm | 449Cisco Systems (NASDAQ: CSCO) has been in the dog house for what seems like ages. While the company's prospects seem bright (albeit slightly dimmed since the beginning of the year) and the story quite compelling, the company just hasn't delivered for the past few quarters. This is a shame because...
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U.S. Stocks Drop In Mixed Trade; Accenture Gains al
Friday, June 24, 2011 - 12:03pm | 77The major indexes were down but lifting off session lows at midday Friday, as worries over Italian banks offset a better-than-expected durable goods report. The Nasdaq composite and S&P 500 were off 0.7%, while the NYSE composite shed 0.6%. Volume was tracking slightly higher on the Nasdaq, but...
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Accenture up Over 3% Pre-Market on Earnings Beat, Higher Guidance
Friday, June 24, 2011 - 8:59am | 57Accenture (NYSE: ACN) is up over 3% pre-market on earnings beat and increased FY EPS guidance. Yesterday after the close, the company reported Q3 EPS of $0.93 vs. $0.90 estimate and revenues of $6.7B vs. $6.43B estimate. The guidance was raised to $3.36-$3.40 vs. $3.27 estimate. Accenture is...
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Citi Rates Accenture At Buy
Friday, June 24, 2011 - 8:41am | 97According to Citi, Accenture (NYSE: ACN) delivered another solid quarter, with a clean top- and bottom-line beat and raised guidance. Citi said that, while not specifically commenting on FY12 ahead of fiscal 4th quarter results, it indicated its broad 7%-10% constant currency revenue growth...
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UPDATE: Stifel Nicolaus Raises PT on Accenture to $67
Friday, June 24, 2011 - 8:39am | 103Stifel Nicolaus is out with its report today on Accenture (NYSE: ACN), raising its PT from $65 to $67. In a note to clients, Stifel Nicolaus writes, "Last night after the close, ACN reported F3Q (May). In summary, F3Q validates our thesis that the market is underestimating the earnings power of...
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Stifel Nicolaus Raises PT On Accenture To $67
Friday, June 24, 2011 - 8:17am | 26Stifel Nicolaus has raised the price target on Accenture (NYSE: ACN) from $65 to $67 and maintains its Buy rating.
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UPDATE: JP Morgan Color on Accenture PT Increase
Friday, June 24, 2011 - 7:58am | 147J.P. Morgan, which raised its PT on shares of Accenture (NYSE: ACN), is providing some color on the stock. “Overall F3Q bookings were solid, and despite lower than expected consulting book-to-bill, we were encouraged to see management raise FY11 bookings guidance to the high end, implying an...