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Under The Hood: Dialing For Defense Overseas
Thursday, May 26, 2011 - 1:01pm | 455These days, evidence is pretty convincing that the high beta trade is taking a siesta and everyone is wanting to play some defense. When investors develop a defensive posture, three sectors come into the spotlight for those opting to remain long equities: Consumer staples, utilities and telecom...
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AT&T Gets with the Program and Finally Introduces LTE 4G Rollout
Thursday, May 26, 2011 - 6:00am | 240AT&T (NYSE: T) finally got with the program and introduced the roll out of its first LTE cities Wednesday, with Dallas, Houston, Chicago, Atlanta and San Antonio likely to see service sometime this year. Additionally, AT&T plans to add another 10 or more markets in the second half of the...
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Benzinga's Top Upgrades
Wednesday, May 25, 2011 - 7:08am | 137JP Morgan upgraded NTELOS Holdings Corp (NASDAQ: NTLS) from “neutral” to “overweight.” NTLS's shares closed at $19.05 yesterday. NTLS's PEG ratio is 0.45. Analysts at Bank of America upgraded Con-way Inc (NYSE: CNW) from “neutral” to “buy.” CNW's shares closed at $37.41 yesterday. Con-way's...
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J.P. Morgan Upgrades NTELOS and Raises PT
Wednesday, May 25, 2011 - 6:48am | 115According to a recent report, J.P. Morgan has upgraded NTELOS (NASDAQ: NTLS) from a Neutral to an Overweight rating and has increased the price target from $22.00 to $23.00 based on the J.P. Morgan's DCF analysis. In the report, J.P. Morgan said, "We believe nTelos could see stabilization in its...
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JP Morgan Upgrades NTELOS To Overweight, Raises PT To $23
Wednesday, May 25, 2011 - 5:20am | 27JP Morgan has upgraded NTELOS (NASDAQ: NTLS) from Neutral to Overweight and has raised the price target from $22 to $23.
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Five Stocks for Bob Dylan's 70th Birthday
Tuesday, May 24, 2011 - 4:07pm | 866So Bob Dylan turned 70 years old today. But he's still going strong, still staying in the limelight. As widely reported in the past few days, in a previously unreleased interview from 1966, he admitted kicking a heroin habit. This iconic musician also has an upcoming show in Israel with Rickie Lee...
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Apple Said to Revive Grand Central Store Plans
Tuesday, May 24, 2011 - 3:46pm | 189In February, Apple was rumored to be mulling setting up its largest store in New York's Grand Central terminal. The plans were shelved a month later, but The Wall Street Journal is now reporting the Cupertino company may yet revive its plans. The Metropolitan Transport Authority (MTA) is looking...
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Top Narrow Based Indexes For May 24
Tuesday, May 24, 2011 - 9:37am | 197By 10:30 am, the Dow Jones Industrial Average was up 7.68 points, or 0.06%, to 12,388.94, while the broader Standard & Poor's 500 index had gained 2.66 points, or 0.20%. The NASDAQ composite index rose 0.31 point, or 0.01%. Some of the narrow based indexes that are supporting the markets are...
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Leap Opposes Proposed AT&T Acquisition of T-Mobile
Tuesday, May 24, 2011 - 7:02am | 56Leap Wireless International, Inc. (NASDAQ: LEAP) and its operating subsidiary, Cricket Communications, Inc., today announced their opposition to AT&T's (NYSE: T) proposed acquisition of T-Mobile USA, a nationwide competitor to AT&T and the nation's fourth largest wireless carrier.
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Mad Money Lightning Round: Cramer Likes Shutterfly, Sprint Nextel
Monday, May 23, 2011 - 11:58pm | 177On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he is “on the fence with American Tower (NYSE: AMT).” He added, “I think there will be a decrease in spending with AT&T (NYSE: T) and T-Mobile. But other than that, it should be all systems go." Cramer is “bullish on Sprint...
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GCI, Inc. Receives Required Consents to Amend Indenture in Connection With Consent Solicitation and Tender Offer for Its 7.25% Senior Notes Due 2014
Monday, May 23, 2011 - 12:41pm | 111General Communication, Inc. (Nasdaq: GNCMA) announced today that its wholly owned subsidiary, GCI, received tenders and consents from the holders of $287,191,000, or approximately 89.75%, of its $320,000,000 outstanding principal amount of 7.25% Senior Notes due 2014 by the expiration of the...
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What's Hot On TheStreet?
Monday, May 23, 2011 - 12:32pm | 220Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Best Quant Funds: 2011 Revival FictioQuantitative funds disappointed investors during the financial crisis. The funds use computer programs to pick stocks, and the systems failed badly in 2008 and 2009. But this...
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Piper Jaffray Overweight On AT&T
Friday, May 20, 2011 - 6:42am | 128Piper Jaffray is reiterating its Overweight rating and $34 price target on shares of AT&T, Inc. (NYSE: T) following a mid-quarter survey. In a note to clients, Piper Jaffray writes, "After recently completing our mid-quarter wireless surveys, we are raising our 2Q postpaid net add and EPS...
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A Mega Cap ETF Joins the First Trust AlphaDEX Lineup
Thursday, May 19, 2011 - 3:04pm | 560Last month, First Trust introduced a group of 13 new AlphaDEX ETFs. For some reason, the First Trust Mega Cap AlphaDEX Fund (FMK) was not part of that launch. This was corrected last Thursday (5/12/11) with the listing of FMK. The AlphaDEX methodology (pdf) employs a proprietary, rules-based...
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Terremark Founder & CEO Manuel D. Medina Steps Down
Thursday, May 19, 2011 - 11:26am | 54Terremark Worldwide, Inc., a subsidiary of Verizon Communications Inc. (NYSE: VZ) today announced that Founder and CEO Manuel D. Medina will step down from his position effective May 31. Kerry Bailey, Group President of Enterprise Cloud Strategy and Services for Verizon, will assume leadership of...