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Benchmark Capital Says Sell Off In Tower Stocks Unjustified (AMT, CCI, SBAC, VZ)
Thursday, March 25, 2010 - 1:51pm | 252In a client note, Benchmark Capital said that the sell off in tower stocks today is unjustified. The analyst wrote that, "reports this morning indicate that Verizon (NYSE: VZ) mentioned that it was “done” with its 2010 LTE network build. Tower stocks have traded down on this comment. We view the...
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China Unicom To Not To Use Google Search (CHU, GOOG)
Thursday, March 25, 2010 - 11:59am | 150China Unicom (NYSE: CHU) has decided not to use Google (NASDAQ: GOOG) search on its smartphones. The decision is in response to Google’s (GOOG) resolution not to censor search results. However, China Unicom (CHU) will keep using the Android mobile operating system. Lu Yimin, President of China...
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Encouraging Data on Zalbin - Analyst Blog
Thursday, March 25, 2010 - 10:03am | 605Recently, Human Genome Sciences Inc. (HGSI) announced interim results on hepatitis C candidate Zalbin from a mid-stage study. The study evaluated the safety and efficacy of Zalbin. The results revealed that a monthly dose of Zalbin was as effective as a weekly dose of Roche’s (RHHBY) Pegasys (...
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Stock Market News for March 25, 2010 - Market News
Thursday, March 25, 2010 - 9:33am | 547Stocks retreated Wednesday after two days of winning run as sovereign debt worries and a downgrade of Portugal’s credit rating revived concerns about the global economy. Benchmark indexes pulled back from their 18-month highs and the dollar raced to a 10-month high against the euro as investors...
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China Unicom Drops Google
Thursday, March 25, 2010 - 4:22am | 109China Unicom (NYSE: CHU), that country's number two mobile phone company, has dropped the Google (Nasdaq: GOOG) search function from phones using the Android operating system. The move by China Unicom is viewed as the first evidence of fall-out from Google's censorship clash with Beijing, according...
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Cramer's Lightning Round Picks (MICC, SKS, TIF, JWN, RL, ST, ZMH, ABT, PM, BGCP, X, NUE)
Wednesday, March 24, 2010 - 9:55pm | 344CNBC Mad Money's Jim Cramer was pretty bullish while answering fans' questions in the Lightning Round. He said that he always liked Millicom International Cellular SA (USA) (NASDAQ: MICC) and that the caller should hold his long position. Cramer likes Saks Incorporated (NYSE: SKS). He thinks it is...
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T-Mobile To Launch HSPA-Plus Technology (DT, VZ, S, ATT, DELL)
Wednesday, March 24, 2010 - 8:04pm | 185T-Mobile USA (NYSE: DT) has announced its plans to introduce a faster network technology in more than 100 U.S. markets. The new technology is already operational in New York and Washington D.C. The new launches will be made in places such as Los Angeles. Neville Ray, T-Mobile USA’s (DT) senior vice...
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Market Roundup (TIF, SBUX, GENZ, VZ, T, S, GOOG, BAC)
Wednesday, March 24, 2010 - 1:48pm | 331According to CEO Michael Kowalski, Tiffany (NYSE: TIF) is likely to expand its stores by 8% as its margins are returning to all-time high levels. Although TIF reported higher quarterly earnings on Monday, its margins were adversely affected by higher costs of diamonds and precious metals. For the...
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Sprint Nextel Corp. (S) Gains 5.85% By Mid-Day Trading
Wednesday, March 24, 2010 - 12:42pm | 121Sprint Nextel Corp. (NYSE: S) climbed 5.8% to $4.03 by mid-day trading on Wednesday. The leading U.S. wireless-service provider Sprint Nextel Corp. (S) introduced the first phone for its fastest network to stem customer losses and challenge AT&T Inc. (NYSE: T) and Verizon Wireless (NYSE: VZ)....
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Benzinga's After Hours Gainers (S, MF, ADBE)
Tuesday, March 23, 2010 - 8:06pm | 193Among the names moving higher in the after hours trading session are Sprint Nextel (NYSE: S), MF Global (NYSE: MF), and Adobe Systems (NASDAQ: ADBE). Shares of Sprint Nextel (S) have gained 5.74% to $4.05 after closing the regular trading session at $3.83. Adobe Systems (ADBE) reported better than...
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Leap Wireless International Inc. (LEAP) To Test Resistance Near $18.90
Tuesday, March 23, 2010 - 1:04pm | 153Leap Wireless International Inc. (NASDAQ: LEAP) gained 3.36% to $16.89 after the company said it will expand its regional Cricket service to all 50 states, making Leap Wireless International Inc. (LEAP) a national carrier. Leap Wireless International Inc. (LEAP), which is a discount mobile carrier...
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Benzinga’s Top Pre-Market Losers (LINE, QGEN, DNDN, VOD)
Tuesday, March 23, 2010 - 8:32am | 178Linn Energy, LLC (NASDAQ: LINE) decreased 1.12% to $25.70 in the pre-market session. Linn Energy, LLC announced plans to commence a private offering to eligible purchasers of $500 million in aggregate principal amount of its senior unsecured notes due 2020. The 52-week trading range for LINE is $14...
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Verizon CEO Gets Lower Compensation In 2009 (VZ, VOD)
Monday, March 22, 2010 - 7:35pm | 124Verizon Communications’ (NYSE: VZ) Chairman and Chief Executive Officer Ivan Seidenberg received 14% lower compensation in 2009. The drop in his compensation package was due to declines in stock awards and incentives. He received $17.5 million for 2009. He had received $20.3 million in 2008. He,...
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Macquarie Reiterates Leap Wireless International (LEAP) Outperform Rating
Monday, March 22, 2010 - 9:43am | 161Macquarie analysts Phil Cusick, Scott Thompson and Derya Erdemli reiterated their Outperform rating for shares of Leap Wireless International, Inc (Nasdaq: LEAP), with a price target of $22. The analysts said that they expect Leap Wireless International to release new pricing plans on Tuesday,...
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Ascendere Associates LLC Long/Short Focus List: March 19, 2010
Sunday, March 21, 2010 - 11:03pm | 1979(A pdf of this report is available here.) We are taking our proven methodology used to rebalance the Ascendere Long/Short Model Portfolio of 80-100 stocks on a monthly basis, and using it to generate weekly trading ideas. While introducing some noise, it is also uncovering some good stocks. For...