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BMO Maintains Outperform on Verizon Communications
Friday, July 15, 2011 - 7:30am | 92BMO is out with its report today on Verizon Communications (NYSE: VZ), maintaining Outperform. In a note to clients, BMO writes, "We rate the stock Outperform, reflecting the company's leading wireless franchise, extensive broadband footprint and potential for improving financial performance in...
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BMO Maintains Outperform on AT&T
Friday, July 15, 2011 - 7:25am | 121BMO is out with its report today on AT&T (NYSE: T), maintaining Outperform. In a note to clients, BMO writes, "The stock is attractively valued relative to peers and the market in general on most metrics. We are maintaining our Outperform rating as a result, reflecting the company's strong...
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Warwick Valley Telephone Announces Acquisition of Alteva for $17M
Thursday, July 14, 2011 - 3:12pm | 303Warwick Valley Telephone Company (NASDAQ: WWVY) announced today that it has entered into a definitive asset purchase agreement to acquire substantially all of the assets of Alteva, LLC, a cloud-based Unified Communications solutions provider and North America's largest enterprise hosted Voice over...
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NASDAQ Stocks Hitting 52-Week Lows
Thursday, July 14, 2011 - 9:27am | 143Cogo Group Inc (NASDAQ: COGO) shares fell 2.78% to create a new 52-week low of $4.55. COGO is scheduled to report its Q2 results on August 4. Commonwealth Bankshares Inc (NASDAQ: CWBS) shares dropped 11.22% to create a new 52-week low of $0.37. CWBS shares have dropped 78.68% over the past 52...
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Goldman Sachs Suggests Buying Calls on Verizon Communications
Thursday, July 14, 2011 - 9:01am | 123Goldman Sachs is out with a research report this morning, where it suggests that traders buy calls on Verizon Communications (NYSE: VZ) ahead of earnings. Goldman Sachs Telecom and Cable analyst Jason Armstrong met with VZ management. He rates VZ shares Buy (on the Conviction List) and sees 14%...
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UPDATE: Stifel Nicolaus Raising Price Target On CenturyLink
Thursday, July 14, 2011 - 8:00am | 94Stifel Nicolaus is raising its price target on shares of CenturyLink (NYSE: CTL) to $46 from $4, and it has a Buy rating on shares. In a note to clients, Stifel Nicolaus writes, "Yesterday's modest weakness in the shares of CenturyLink can largely be attributed to an earlier-than-expected approval...
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Stocks to Watch for Thursday 7/14/2011: Fresh 52 Week Highs and Lows
Thursday, July 14, 2011 - 1:29am | 1820Stocks 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 Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...
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Mad Money Lightning Round: Cramer Likes Southern Company
Thursday, July 14, 2011 - 1:21am | 279On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Quest Diagnostics (NYSE: DGX) has “done nothing recently but it's starting to more up." For Southern Company (NYSE: SO), he said, "I feel so good about that stock. That's the kind of stock you want to own as part of a...
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Stocks Going Ex Dividend the Third Week of July
Wednesday, July 13, 2011 - 10:42pm | 834Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Cincinnati Bell to Sell Complete Protection™ Security Monitoring Business to Guardian Alarm Company
Wednesday, July 13, 2011 - 9:49am | 249Cincinnati Bell Inc. (NYSE: CBB) today announced the signing of a definitive agreement to sell its Complete Protection security monitoring business to Guardian Alarm Company. Cincinnati Bell will continue to offer Complete Protection services through a marketing agreement with Guardian. “Guardian...
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Top Performing Industries For July 13
Wednesday, July 13, 2011 - 9:19am | 182At 10:15 am, the Dow rose 1.01% to 12,572.25, the broader Standard & Poor's 500 index moved up 0.92% to 1,325.76 and the NASDAQ composite index gained 0.93% to 2,807.85. The industries that are driving the market today are: Consumer Services: This industry jumped 2.76% by 10:15 am. The top...
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Savvis Stockholders Approve Merger with CenturyLink
Wednesday, July 13, 2011 - 8:58am | 38Savvis (NASDAQ: SVVS) today announced that Savvis stockholders have voted to approve all proposals related to the merger with CenturyLink (NYSE: CTL).
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Amazon.com Announces AT&T to Sponsor Kindle 3G
Wednesday, July 13, 2011 - 8:41am | 58Amazon.com (NASDAQ: AMZN) announced that AT&T (NYSE: T) has agreed to sponsor Kindle 3G with Special Offers and that it is now available at a new price of $139. Kindle 3G with Special Offers is the same as the $189 Kindle 3G.
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Savvis Stockholders Approve Merger with CenturyLink
Wednesday, July 13, 2011 - 8:22am | 90Savvis, Inc. (NASDAQ: SVVS) today announced that Savvis stockholders have voted to approve all proposals related to the merger with CenturyLink, Inc. (NYSE: CTL). Approximately 99 percent of the votes cast - representing 86 percent of Savvis' shares outstanding - voted to adopt the merger...
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Adopted Red Phone Boxes Transformed into Life Savers
Wednesday, July 13, 2011 - 4:11am | 135BT is funding the installation of defibrillator equipment, which can help save the lives of cardiac arrest victims, into five decommissioned red phone boxes adopted by rural communities. Working with the Community Heartbeat Trust (CHT), a charity that makes possible the provision of defibrillation...