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Telecomm Leading the Market
Friday, June 17, 2011 - 11:38am | 252The Telecomm Sector is strongest area in today's market, currently up 1.1% on the session. The strongest stocks in the S&P 500 Telecom Sector currently are: 1) Verizon Communications (NYSE: VZ): Shares of Verizon Communications are currently trading up 1.7% from yesterday's close to $23.85....
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Goldman Sachs Maintains Buy Rating On Steel Dynamics
Friday, June 17, 2011 - 8:02am | 109According to Goldman Sachs, Steel Dynamics (NASDAQ: STLD) has guided for 2Q2011 EPS of $0.35-$0.40, significantly below its prior estimate of $0.61 and consensus estimate of $0.57. Goldman Sachs said that, apart from $0.03 swing from the prior quarter due to hedging losses, most of the shortfall...
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Mad Money Lightning Round: Cramer Likes Chevron, Annaly Capital
Thursday, June 16, 2011 - 11:05pm | 265On CNBC's Mad Money, Jim Cramer said during the Lightning Round that RealD (NYSE: RLD) is “way too risky for me." Cramer believes that Chevron (NYSE: CVX) is a “3% yielder going to 4%. If you can take the pain of oil coming down, I would hold onto it." He believes that Partner Communications' (...
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Technical Trade Ideas for Friday, June 17
Thursday, June 16, 2011 - 5:28pm | 1516( click to enlarge ) Shares of Novatel Wireless, Inc. (NASDAQ:NVTL) soared 6.42% or 34 cents to $5.64 per share, continuing to react to the news of BMO Capital that Novatel's (NVTL) MiFi has emerged as the preferred LTE device at Verizon (VZ).The firm thinks the Street is underestimating...
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Morning Market Movers
Thursday, June 16, 2011 - 8:45am | 174Parkvale Financial Corporation (NASDAQ: PVSA) shares surged 79.55% to $19.75 at 9:45 am. F.N.B. Corporation (NYSE: FNB) announced its plans to acquire Parkvale Financial for $22.48 per share, or $130 million. NeurogesX Inc (NASDAQ: NGSX) jumped 47.37% to $3.92. NGSX reported the completion of...
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Upgrades Downgrades, Notable Events for June 16
Thursday, June 16, 2011 - 7:40am | 3003 buyouts: Multiband Corporation (MBND) buying WPCS International Incorporated (WPCS) DG FastChannel Inc. (DGIT) buying MediaMind Technologies Inc. (MDMD) Energy Transfer Equity, L.P. (ETE/ETP) buying Southern Union Company (SUG) Last Night: Finisar Corporation (FNSR) Halted in front of...
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Benzinga's Top Pre-Market NASDAQ Gainers
Thursday, June 16, 2011 - 7:15am | 171MediaMind Technologies Inc (NASDAQ: MDMD) shares advanced 38.71% to $22.11 in the pre-market session. DG FastChannel Inc (NASDAQ: DGIT) announced its plans to acquire MDMD for around $418 million in an all-cash deal. WPCS International Incorporated (NASDAQ: WPCS) shares advanced 32.74% to $2.96...
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Stocks to Watch for 6/16/11: Fresh 52-Week Highs and Lows
Thursday, June 16, 2011 - 1:28am | 2229The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...
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Opa! Short Gyros, Long Windex 06-15-2011
Wednesday, June 15, 2011 - 2:06pm | 1007Cusick's Corner On the surface the catalyst of this latest pullback is Greece. But the reality is that it's a larger mix of a strong Dollar, weak Euro with potential contraction of economic growth and a bad CPI that are the true catalysts. While I am surprised about the strength of the push to...
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Wednesday's Mid-Day Options Volume Leaders
Wednesday, June 15, 2011 - 11:31am | 84Here are today's mid-day options volume leaders… 1. AT&T (NYSE: T) 95,008 contracts, 69.9% calls, 30.1% puts 2. Bank of America (NYSE: BAC) 76,031 contracts, 63.9% calls, 36.1% puts 3. Apple Inc. (NASDAQ: AAPL) 75,552 contracts, 56.9% calls, 43.1% puts 4. Research In Motion (NASDAQ: RIMM) 60,...
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AT&T Opens International Innovation Center in Israel
Wednesday, June 15, 2011 - 8:56am | 73AT&T (NYSE: T) today opened its latest AT&T Foundry innovation center in Ra'anana, Israel, together with Amdocs (NYSE: DOX). The facility is a collaborative environment where AT&T and technology providers work with start-ups and developers to get the latest innovations and services into...
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Citi Reiterates Hold on Verizon Communications
Tuesday, June 14, 2011 - 8:14am | 156Citi reiterated its Hold rating on Verizon Communications (NYSE: VZ). In a research report published today, Citi stressed it prefers AT&T (NYSE: ATT) to Verizon. In the report, Citi states, "We maintain our Hold rating on Verizon & believe EPS growth for 2012 is likely to grow at a pace...
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Sector Update: Telecomm Surging
Monday, June 13, 2011 - 1:25pm | 266The Telecomm Sector is the strongest area of the market in today's trading session, currently up 1.2% on the day. The strongest stocks in the S&P 500 Telecomm Sector currently are: 1) AT&T (NYSE: T): Shares of AT&T are currently trading up 1.5% from Friday's close to $30.80. The stock...
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Global X SuperDividend ETF Sees Robust First-Day Volume
Monday, June 13, 2011 - 11:30am | 251Global X, the New York-based ETF issuer with 35 ETFs on the market and $1.7 billion in assets under management, said its newest ETF, the Global X SuperDividend ETF (NYSE: SDIV) got off to a stellar start from a liquidity standpoint, trading nearly 321,000 shares, or almost $8 million in dollar...
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Value Added Services Likely to Remain a Focus at AT&T, Bank of America Reports
Monday, June 13, 2011 - 6:53am | 72Following management meeting with AT&T (NYSE: T), Bank of America said that it believes that the company “has the required assets to drive targeted data center revenue growth, according to management.” “Value added services that incorporate the network are most likely to remain a focus rather...