-
Piper Jaffray: Expect Downward Earnings Revisions On Verizon Due To iPhone
Friday, January 21, 2011 - 8:33am | 168On Tuesday, January 25, Verizon (NYSE: VZ) will report its 4Q10 earnings and host an investor day to discuss results and the company's strategic and financial outlook. Piper Jaffray believes this will include a discussion on the iPhone and the impact it could have on the company's fundamentals....
-
Verizon Posts $600M Pretax Charges
Friday, January 21, 2011 - 7:47am | 271Verizon Communications Inc. (NYSE: VZ) announced today that it has adopted a new policy that changes the method of accounting for pensions and other post-employment benefits (OPEB). The improved policy recognizes gains and losses in the year they are incurred, rather than amortizing them over time...
-
What's Next For Google, Post-Schmidt (GOOG, AAPL, VZ, T)
Friday, January 21, 2011 - 7:35am | 377As Benzinga readers know, Larry Page, Google (NASDAQ: GOOG) co-founder, will take the title of CEO from Eric Schmidt in April. Google has dominated the internet for 13 years as both a search engine and as an advertising machine. As newer sites like Facebook emerge and become popular, however,...
-
Mad Money Lightning Round: Cramer Likes Verizon (DISCA, TEVA, EQIX, VZ)
Friday, January 21, 2011 - 4:01am | 151On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Discovery Holdings (NASDAQ: DISCA) has “come back down and it's well run. I'm a buyer right here." He likes Teva Pharmaceutical (NASDAQ: TEVA). He said, “I think it's OK, but I would not be a buyer right here. One day people will...
-
Nokia's Nightmare Continues - Analyst Blog
Thursday, January 20, 2011 - 5:31pm | 617Recently, The Wall Street Journal reported that Nokia Corp. (NOK) has decided to cancel the U.S. release of its newly developed X7 smartphone. X7 was slated for release with AT&T (T) probably by mid-February. This was Nokia's first venture in the U.S. with a giant telecom carrier partner. ...
-
Nokia's Nightmare Continues - Analyst Blog
Thursday, January 20, 2011 - 4:56pm | 617Recently, The Wall Street Journal reported that Nokia Corp. (NOK) has decided to cancel the U.S. release of its newly developed X7 smartphone. X7 was slated for release with AT&T (T) probably by mid-February. This was Nokia's first venture in the U.S. with a giant telecom carrier partner. ...
-
Verizon Files Appeal in Federal Court
Thursday, January 20, 2011 - 4:01pm | 181Verizon Communications (NYSE: VZ) on Thursday (Jan. 20) filed an appeal in the United States Court of Appeals for the District of Columbia Circuit, challenging the Federal Communications Commission's Report and Order on rules dealing with the issue of net neutrality. The following statement should...
-
Millicom Downgraded to Underperform - Analyst Blog
Thursday, January 20, 2011 - 4:01pm | 603We downgrade our recommendation for Millicom International Cellular S.A. (MICC) to Underperform based on its current valuation. The stock price has moved up by nearly 40% in the past year and is trading at its 52-week high at present. With respect to several valuation metrics, Millicom is trading...
-
Millicom Downgraded to Underperform - Analyst Blog
Thursday, January 20, 2011 - 3:43pm | 603We downgrade our recommendation for Millicom International Cellular S.A. (MICC) to Underperform based on its current valuation. The stock price has moved up by nearly 40% in the past year and is trading at its 52-week high at present. With respect to several valuation metrics, Millicom is trading...
-
BlackRock Appoints Verizon CEO Ivan Seidenberg to Board of Directors
Thursday, January 20, 2011 - 12:49pm | 42BlackRock, Inc. (NYSE: BLK) today announced that Ivan G. Seidenberg, Chairman and Chief Executive Officer of Verizon (NYSE: VZ), has joined the Company's Board of Directors.
-
3 New Positions This Morning To Report
Thursday, January 20, 2011 - 12:34pm | 169I'm not willing to say that the lights have been turned out on the bull's rally parade of late, but I do think they are looking at some major problems here, that they need to soon correct, before the bears are finally resuscitated back to life. In my short positions that I executed this morning, I...
-
Lowe's Names Michael K. Brown CIO
Thursday, January 20, 2011 - 12:30pm | 51Lowe's Companies, Inc. (NYSE: LOW) announced today the appointment of Michael K. Brown to executive vice president and chief information officer (CIO). He replaces Steven M. Stone, who is leaving the company to pursue other interests.
-
What's Hot on TheStreet
Thursday, January 20, 2011 - 12:19pm | 336Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Stocks Fall on Global Growth Concerns Stocks sunk under the threat of global interest rate hikes Thursday despite a round of mostly positive economic news. The Dow Jones Industrial Average was down 77 points, or...
-
Goldman Suggests Selling Puts on Verizon (VZ)
Thursday, January 20, 2011 - 10:07am | 121Goldman Sachs is out with a research note this morning, where its analysts suggest traders sell puts on Verizon Communications (NYSE: VZ). Goldman Sachs Communications Services analyst, Jason Armstrong, recently upgraded VZ to Buy, with 17% upside to his 12-month price target. He believes Verizon...
-
The Trillion Dollar Dream.....(AAPL)
Thursday, January 20, 2011 - 9:13am | 2224Got your attention...and not just apple fans!* With the market apparently in corrective mode at the moment I thought it would be fun to discuss an item on the lighter side of investing. In the article “Why Apple will be the First Company To Reach A Trillion Dollar Market Cap” by James...