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Bank of America Provides Color on SBA Communications
Monday, August 1, 2011 - 8:22am | 150Bank of America provided color on SBA Communications (NASDAQ: SBAC). In a research report published today, the rating agency commented on the company's Q2 results, which are due to be published on Tuesday, August 2. In the report, Bank of America states, “We expect SBA to update ‘11 guidance...
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Morgan Stanley Reiterates Underweight on Clearwire
Monday, August 1, 2011 - 7:59am | 47Morgan Stanley reiterated its Underweight rating on Clearwire (NASDAQ: CLWR). At the moment, the rating agency does not have a price target placed on the company's stock. On Friday, CLWR added 0.93% to its value to finish the day at $2.17.
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Benzinga's Top Upgrades
Monday, August 1, 2011 - 7:34am | 142Analysts at UBS upgraded Vodafone Group Plc (NASDAQ: VOD) from “neutral” to “buy.” VOD's shares closed at $28.10 on Friday. Vodafone's PEG ratio is 0.63. FBR Capital upgraded East West Bancorp Inc (NASDAQ: EWBC) from “market perform” to “outperform.” EWBC's shares closed at $18.56 on Friday. EWBC'...
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Stocks to Watch for Monday 8/01/2011: Fresh 52 Week Highs and Lows
Sunday, July 31, 2011 - 10:55pm | 3407Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to...
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CNOOC Upgraded, Buys Opti Canada: Good News for High Yield China Stocks?
Saturday, July 30, 2011 - 12:14am | 423The largest offshore oil producer in China, CNOOC Ltd. (CEO), just paid $2.1 billion for the Canadian oil company Opti Canada last week. This in spite of the fact that Opti had been suffering from severe financial problems. In addition, CNOOC was just upgraded by from Neutral to Buy by UBS. The...
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CenturyLink Earnings Preview: Analysts Expect Rising Revenue
Friday, July 29, 2011 - 4:21pm | 559CenturyLink (NYSE: CTL) releases its next round of earnings this Wednesday, August 3, 2011. Here's Benzinga's advanced look at CenturyLink's second quarter earnings report. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of 66 cents per share and...
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Morgan Stanley Reiterates Underweight on Sprint Nextel
Friday, July 29, 2011 - 7:39am | 95Morgan Stanley is out with its report today on Sprint Nextel (NYSE: S), reiterating Underweight. In a note to clients, Morgan Stanley writes, "Weak postpaid adds and disappointing margins overshadowed solid churn and ARPU performance. The LightSquared partnership deal remains fluid due to GPS...
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Will Bonds Rally, Yields Go Down? 07-28-2011
Thursday, July 28, 2011 - 6:38pm | 1094Cusick's Corner I thought the market was going to get a little lift into the After Hours with Finance, XLF, and Tech, QQQ/XLK, leading but that is not the case, squeezing more longs out of the market. I have ratcheted down my size in trades at this stage, and will be watching the headlines for any...
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Zings Of The Day July 28, 2011
Thursday, July 28, 2011 - 3:47pm | 120Jefferson County, Alabama could potentially be the largest municipal bankruptcy in U.S. history, which was caused by a very ambitious sewer project. I'm not there, but this stinks. Literally. Sprint Nextel (NYSE: S) and LightSquared today confirmed a deal that will last 15 years and see Sprint...
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Options Brief: Leap Wireless International
Thursday, July 28, 2011 - 3:19pm | 97Shares of Leap Wireless International (NASDAQ: LEAP) are lower on the session by 6.90%, trading at $13.08. Overall put volume is now running at 11.01x the daily average, with 63% of all puts traded being purchases on the offer. 14,788 contracts have traded on the session so far. Leap Wireless...
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Gridlock Continues 07-28-2011
Thursday, July 28, 2011 - 2:52pm | 1096Cusick Corner Gridlock continues and hedging was the name of the game. This will be short because this budget impasse makes trading or investing dicey at best. If we go into the weekend with no resolution and more politicking, volatility will continue to grow and further uncertainty will turn into...
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American Tower Earnings Preview: Analysts Expect Flat EPS, Rising Revenue Over Previous Quarter
Thursday, July 28, 2011 - 1:36pm | 603American Tower (NYSE: AMT) releases its next round of earnings this Tuesday, August 2, 2011. Get prepared with Benzinga's ultimate preview for American Tower's second quarter earnings. Earnings and Revenue: Analysts are predicting an EPS reading of 23 cents per share and revenues of $584.7...
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Thursday's Mid-Day Options Volume Leaders
Thursday, July 28, 2011 - 12:12pm | 84Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 182,698 contracts, 63.3% calls, 36.87% puts 2. Bank of America (NYSE: BAC) 111,272 contracts, 69.1% calls, 30.9% puts 3. Sprint Nextel (NYSE: S) 57,769 contracts, 66.4% calls, 33.6% puts 4. PetroHawk Energy Corp. (NYSE:...
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Earnings Roundup
Thursday, July 28, 2011 - 8:42am | 1660Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...
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Citi Maintains Hold Rating On Crown Castle
Thursday, July 28, 2011 - 7:32am | 60According to Citi, Crown Castle International (NYSE: CCI) reported 2Q results that were generally better than consensus and estimates. Citi said that it maintains the Hold rating. “Since the beginning of 3Q, CCI has bought an additional $29.8m of common shares and $6.0m of preferred stock.” Crown...