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Stock Market News for April 28, 2010 - Market News
Wednesday, April 28, 2010 - 9:30am | 648U.S. stocks dropped sharply on Tuesday as fears that a deepening debt crisis in Europe would stall a global economic recovery overshadowed solid earnings reports and Goldman’s testimony on the Hill. The Dow average plunged more than 200 points as Standard & Poor’s downgraded Greece’s credit...
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US Stock Futures Indicate Turn In Tide
Wednesday, April 28, 2010 - 9:09am | 266US stock futures climbed today, indicating a rebound in the indexes that got a heavy thrashing yesterday. While futures on the S&P 500 added 0.4% to 1,185.8 at 12:48 pm, those on the Dow Jones Industrial Average gained 0.3% to 10,988. Meanwhile Nasdaq-100 Index futures climbed 0.5% to 2,018....
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Sprint Nextel (S) Posts $865 Million Loss
Wednesday, April 28, 2010 - 8:47am | 133Sprint Nextel Corporation (NYSE: S) on Wednesday morning released financial results that fell in line with Wall Street expectations. Sprint Nextel Corporation reported a 1st quarter loss that widened to $865 million, or 29 cents per share, from a loss of $594 million, or 21 cents per share, a year...
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Sprint Nextel Corp. (S) Reports $865 Million In First-Quarter Loss
Wednesday, April 28, 2010 - 8:20am | 100Sprint Nextel Corp. (NYSE: S) reported its first-quarter results today. The company reported a loss of $865 million, or $0.29 per share in the first-quarter, compared with a loss of $594 million, or $0.21 per share it reported for the same period last year. First-quarter results include a non-cash...
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Stocks To Watch For On April 28, 2010 (CMCSA, AOL, S, V, NOC)
Wednesday, April 28, 2010 - 4:34am | 162The stocks that may be in focus today are: Wall Street is expecting Comcast Corp (NASDAQ: CMCSA) to post Q1 earnings of $0.30 a share. CMCSA gained 1.73% in after hours. Analysts expect AOL Inc (NYSE: AOL) to have earned $0.80 a share in Q1. Shares of AOL lost 0.04% in the after-hour session....
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RadioShack Q1 Profits Jump 16%
Tuesday, April 27, 2010 - 3:40pm | 242RadioShack Corp (NYSE: RSH) has declared better-than-expected results for the first quarter. RSH said that its comparable store sales for company-operated stores and kiosks (open for at least a year) grew 4.7% year-over-year. The Fort Worth, Texas-based company’s GAAP net income for the first...
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Marvell Technology Group (MRVL) To Benefit From China 3G Growth
Tuesday, April 27, 2010 - 10:29am | 164Broadpoint AmTech analysts Mark McKechnie and Stephen Patel reiterated their Buy rating for shares of Marvell Technology Group (Nasdaq: MRVL), with a price target of $25. The analysts said that Marvell Technology Group stands to benefit from the March addition of 3.4 million China Mobile Limited (...
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Fast Money Picks For April 27th (TKC, NDAQ, CMA, MCD)
Monday, April 26, 2010 - 7:20pm | 169Pete Najarian said on CNBC's Fast Money that McDonald's Corporation (NYSE: MCD) is a buy. McDonald's (MCD) reached a 52-week high, but it will continue to move up, thinks Pete Najarian. He owns call options in this stock. MCD fell today 0.18% and closed at $71.02. Joe Terranova said that investors...
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Vodafone (VOD) To Launch Google (GOOG) Nexus Smartphone In UK
Monday, April 26, 2010 - 8:59am | 112Vodafone (ADR) (NASDAQ: VOD) has announced that UK users will start getting the highly coveted ‘Google Nexus One’ Smartphone from April 30th. Bookings start from today. Google (NASDAQ: GOOG) had kept the UK launch under wraps until the last week. Customers have been wary all these time of buying...
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Charles River Falls Short - Analyst Blog
Monday, April 26, 2010 - 8:47am | 471Charles River Laboratories International Inc.’s (CRL) first quarter 2010 earnings (excluding special items) of 45 cents per share fell short of the Zacks Consensus Estimate of 47 cents. This was 22.4% below the year-ago earnings (excluding special items) of 58 cents. On a reported basis, the...
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Top 5 NASDAQ Mid-Cap Stocks In The Technology Sector With The Highest Cash (NIHD, FLEX, STX, SNDK, MU)
Thursday, April 22, 2010 - 7:13am | 165Below are the top 5 mid-cap technology stocks on the NASDAQ in terms of cash. NII Holdings, Inc (NASDAQ: NIHD) had $2.62 billion in cash in the latest quarter. NIHD’s quarterly earnings are 3,011.30% y/y. Flextronics International Ltd (NASDAQ: FLEX) had $2.24 billion in cash in the latest quarter....
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Benzinga’s Volume Movers (ASTE, CIEN, ATHR, MICC, TRIT)
Tuesday, April 20, 2010 - 3:53pm | 197Astec Industries, Inc (NASDAQ: ASTE) shares gained 13.28% to $35.82. The volume of ASTE shares traded was 410% higher than normal. ASTE’s shares have climbed 15% to an 18-month high owing to better than expected first-quarter results. CIENA Corporation (NASDAQ: CIEN) shares climbed 5.02% to $18.21...
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Top Stocks of Massachusetts
Tuesday, April 20, 2010 - 1:04pm | 854Massachusetts is the third most densely populated state with a per capita personal income that is the third highest in the country. The state economy is diversified and encompasses the financial, higher education, and high tech industries. Some interesting facts about Massachusetts follow: 1....
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Snap-on Exceeds Expectations - Analyst Blog
Tuesday, April 20, 2010 - 12:45pm | 431Snap-On Inc. (SNA) reported earnings from continuing operations of 63 cents per share for the first quarter of 2010, exceeding the Zacks Consensus Estimate of 50 cents. Revenues of $621.6 million increased $49.0 million, or 8.6%, from 2009 levels. Excluding $24.4 million of foreign currency...
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S Upgraded To Outperform
Monday, April 19, 2010 - 9:20am | 42Analysts at Wells Fargo upgrade Sprint (NYSE: S) from "market perform" to "outperform." Shares of S rose 1.72% to $4.14 in the pre-market session. More Analyst Ratings here.