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Hottest and Coldest Sectors for Friday 7/8/11
Friday, July 8, 2011 - 4:24pm | 1918The S&P 500 lost 9.4 points, or 0.7%, in Friday's trading session, as a weaker-than-expected jobs report put an end to the recent market rally. The SPX is now 26.78 points lower than its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Friday's session is as follows...
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Friday's Mid-Day Options Volume Leaders
Friday, July 8, 2011 - 10:46am | 84Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 260,227 contracts, 60.6% calls, 39.4% puts 2. Microsoft Corp. (NASDAQ: MSFT) 90,458 contracts, 61.6% calls, 38.4% puts 3. Ford Motor Co. (NYSE: F) 79,438 contracts, 80.2% calls, 19.8% puts 4. Bank of America (NYSE: BAC)...
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Einhorn Strikes Out On Yahoo, Better Luck Next Time
Friday, July 8, 2011 - 8:57am | 212In news first heard from ZeroHedge, hedge fund honcho David Einhorn and his firm Greenlight Capital have exited their stake in Yahoo (NASDAQ: YHOO), as the investment thesis changed shortly after initiating the position. According to the letter from Greenlight: "The Partnerships bought Yahoo! (...
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Biggest Pre-Market Losers
Friday, July 8, 2011 - 8:09am | 101Losers: XL Group (NYSE: XL) is trading down nearly 9% near $20.50. Autoliv (NYSE: ALV) is trading down over 8% near $73.10, after the DOJ and EC began investigating the company for potential anti-trust violations. Check Point Software (NASDAQ: CHKP) is trading down over 5.5% near $54.78. Dollar...
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Morgan Stanley reports VMware Outperforms NASDAQ
Friday, July 8, 2011 - 8:00am | 79According to Morgan Stanley, VMware (NYSE: VMW) outperformed the NASDAQ by 3.6% in the week following releases. Morgan Stanley said that its checks suggest that the release of vSphere 5 is imminent and we think it should be a catalyst for the stock. “With VMW's strong momentum in the core...
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Innovative Bird Keeps All the Worms
Friday, July 8, 2011 - 1:50am | 1214Source: Photobucket As the old saying goes, “The early bird gets the worm,” but in the business world this principle doesn't always apply. In many cases, the early bird ends up opening a can of worms while the innovative, patient bird is left with all the spoils. This concept has come to light...
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Thursday, July 7, 2011 - 11:59pm | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Oracle Issues Statement on HP
Thursday, July 7, 2011 - 2:34pm | 82Oracle (NASDAQ: ORCL) issued the following statement: "In a legal filing today, HP (NYSE: HPQ) said it is more than willing to make its complaint against Oracle public. But HP is not willing to make public the settlement agreement upon which the complaint is based. Oracle is not interested in...
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Thursday's Mid-Day Options Volume Leaders
Thursday, July 7, 2011 - 12:28pm | 84Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 174,111 contracts, 68.0% calls, 32.0% puts 2. Bank of America (NYSE: BAC) 104,386 contracts, 68.7% calls, 31.3% puts 3. American Eagle Outfitters (NYSE: AEO) 84,516 contracts, 96.0% calls, 4.0% puts 4. Intel Corp. (...
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Bethesda Announces New Game - Dishonored
Thursday, July 7, 2011 - 11:31am | 190With games like Fallout and The Elder Scrolls under its belt, Bethesda is typically known for bringing honor to the gaming community. But in 2012, the acclaimed developer and publisher will release Dishonored, a new game from Arkane Studios. Dishonored is currently in development for Xbox 360,...
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VMWare And NetApp Look Weak At The Start
Thursday, July 7, 2011 - 9:26am | 157This morning, the major stock indexes are surging higher. There are two leading tech stocks that are not participating in today's early morning rally, they are VMWare Inc.(NYSE: VMW) and NetApp Inc.(NASDAQ: NTAP). NetApp Inc. is trading lower this morning by 0.27 cents to 453.25 a share. Traders...
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eBay Stacking Up The Acquisitions
Thursday, July 7, 2011 - 9:13am | 346If eBay (NASDAQ: EBAY) should know how to do anything, its bid on and get something that they want. For years, sellers have used the service to get the best possible price for something they own, while buyers have used it to pay the lowest possible price for something they want. All the while, eBay...
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Bank of America Reiterates Buy and PT of $108 on VMware
Thursday, July 7, 2011 - 6:30am | 63Bank of America reiterated its Buy rating on VMware (NYSE: VMW). At the same time, the rating agency left its price target on the company's stock unchanged at $108. On Wednesday, VMware added 2.63% to its value to end the day at $103.93. Its shares lost some of yesterday's gains in today's pre-...
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Piper Jaffray Maintains Overweight on Oracle
Thursday, July 7, 2011 - 6:27am | 150Piper Jaffray is out with its report today on Oracle (NASDAQ: ORCL), maintaining Overweight. In a note to clients, Piper Jaffray writes, "We recently surveyed 39 Oracle partners and asked them 'if something is to go wrong for ORCL in the next 12 months, what would cause it?' Macroeconomic...
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Facebook Teams with Skype, Microsoft to Slay Google
Wednesday, July 6, 2011 - 4:08pm | 658It appears the nerds are marching to war. In a move that is surely a shot across the bow of Google (NASDAQ: GOOG), Facebook announced Wednesday they are integrating Skype into their platform, allowing Facebook users the opportunity to video chat with their friends. This comes a little more than a...