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Jump on Jobs 03-30-2011
Wednesday, March 30, 2011 - 8:47pm | 864Cusick's Corner The market continued to chop its way higher into the After Hours and the strength continued to be wide spread. Most notably the Small Caps, IWM & RUT, were the leaders and traders like to see these higher beta stocks to be on the move. Market watchers will be focused on Ireland...
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Puts Purchased on CA, Inc. (CA)
Wednesday, March 30, 2011 - 11:42am | 127Shares of CA, Inc. (NYSE: CA) are lower on the session by 0.17%, currently trading at $23.82. The stock has been moving largely lower over the past four months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August...
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NASDAQ Stocks Hitting 52-Week Highs (VRA, TESO, SABA, QSII)
Wednesday, March 30, 2011 - 10:17am | 132Vera Bradley Inc (NASDAQ: VRA) shares rose 1.60% to create a new 52-week high of $42.02. VRA's PEG ratio is 1.28. Tesco Corporation (NASDAQ: TESO) shares gained 2.64% to create a new 52-week high of $22.15. TESO shares have surged 88.64% over the past 52 weeks, while the S&P 500 index has...
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Oppenheimer Raises PT On MCRS to $54
Wednesday, March 30, 2011 - 8:58am | 131Oppenheimer has raised the Price Target on Micros Systems (NASDAQ: MCRS) from $52 to $54. According to the report, "Given building momentum for MCRS' web-based products and numerous other growth drivers (major account roll-outs, improving "street" business, etc.), we are more confident MCRS can...
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Morgan Stanley Believes VMW's Shares Will Rise In Absolute Terms Over Next 60 Days
Wednesday, March 30, 2011 - 8:54am | 175In a “research tactical idea” report, Morgan Stanley said that it believed the share price of VMware, Inc. (NYSE: VMW) “will rise in absolute terms over the next 60 days.” “This is because the stock has traded off recently, making short term valuation much more compelling,” Morgan Stanley writes...
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Oppenheimer Raises MCRS PT To $54
Wednesday, March 30, 2011 - 7:31am | 134Oppenheimer has raised the Price Target of Micros Systems (NASDAQ: MCRS) from $52 to $54 following management meetings. According to Oppenheimer, "Given building momentum for MCRS' web-based products and numerous other growth drivers (major account roll-outs, improving Street biz, etc.), we are...
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Wedbush Raises DMAN PT To $13
Wednesday, March 30, 2011 - 7:16am | 86Wedbush has raised the price target on DemandTec (NASDAQ: DMAN) from $11 to $13. According to Wedbush, "Our new 12-month price target represents an EV/CY2011E sales multiple of 4.0x (previously 3.5x). We believe this multiple appropriately reflects DemandTec's slower organic revenue growth rate...
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BB&T Downs DRCO To Hold
Wednesday, March 30, 2011 - 6:44am | 41Analysts at BB&T downgrade Dynamics Research Corporation (NASDAQ: DRCO) from “buy” to “hold.” DRCO shares gained 1.26% to close at $16.94 yesterday. More Analyst Ratings here
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Top Web Sites
Wednesday, March 30, 2011 - 12:16am | 172The top eleven web sites according to Alexa, ordered by Alexa Traffic Rank, are as follows: * 1. Google (GOOG) * 2. Facebook * 3. Youtube * 4. Yahoo (YHOO) * 5. Live * 6. Baidu (BIDU) * 7. Wikipedia * 8. Blogger * 9. MSN (MSFT) * 10. Tencent * 11. Twitter
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Smartphone Growth To Be 49% In 2011: Android, Windows Leading -IDC (GOOG, MSFT, AAPL, RIMM, NOK)
Tuesday, March 29, 2011 - 1:08pm | 325According to International Data Corp (IDC), global smartphone sales are expected to grow 49% this year, which is four times the pace of the overall mobile phone market. This pour into smartphones is attributed to consumers trading their traditional phone for a phone with superior features. The...
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NASDAQ Stocks Hitting 52-Week Highs (PANL, LULU, TRCI, DRCO)
Tuesday, March 29, 2011 - 9:56am | 157Universal Display Corporation (NASDAQ: PANL) shares rose 1.59% to create a new 52-week high of $53.19. PANL priced its public offering of 5,000,000 shares at $46.00 per share. lululemon athletica inc (NASDAQ: LULU) shares gained 2.98% to create a new 52-week high of $87.81. LULU's board authorized...
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Lawson Software Could Receive A Higher Bid -Bloomberg (LWSN, ORCL)
Tuesday, March 29, 2011 - 8:23am | 81A Bloomberg story from 8:17pm yesterday highlights possible future bids for Lawson Software (NASDAQ: LWSN). The Bloomberg article mentions the potential for Oracle (NASDAQ: ORCL) to bid for the company. The bid on Lawson Software is currently above yesterday's closing price.
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Benchmark Maintains PRGS Buy Rating
Tuesday, March 29, 2011 - 8:10am | 108Benchmark has reported that it will maintain a Buy Rating on Progress Software Corporation (NASDAQ: PRGS) following the release of the first quarter earnings results. According to Benchmark, "Last night after the market close, PRGS delivered total revenue of $134.2 million in its seasonally...
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Oppenheimer Initiates Coverage On Allot Communications Ltd. At Outperform, $16 PT
Tuesday, March 29, 2011 - 7:32am | 176Oppenheimer initiating coverage of Allot Communications (NASDAQ: ALLT) with an Outperform rating and a $16 price target. While DPI technology has been around for some time, Oppenheimer believes it's the strong growth in wireless data and video that finally has pushed service providers to seriously...
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Oppenheimer Initiates Allot Communications At Outperform, $16 PT
Tuesday, March 29, 2011 - 6:53am | 24Oppenheimer has initiated coverage on Allot Communications (NASDAQ: ALLT) with an Outperform rating and $16 price target.