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UPDATE: Sprint Nextel Reports Q2 Loss of $847M
Thursday, July 28, 2011 - 7:19am | 69Sprint Nextel Corp (NYSE: S) released its results for the second quarter on Thursday. Sprint Nextel's posted a loss at $847 million, or $0.28 per share, versus a loss of $760 million, or $0.25 per share, in the year-earlier period. Its revenue surged 4% to $8.3 billion. Analysts were expecting a...
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Sprint Nextel and LightSquared Enter 15 Year Pact Worth $13.5B
Thursday, July 28, 2011 - 7:19am | 35LightSquared and Sprint Nextel (NYSE: S) announced today they have entered into a 15-year agreement that includes spectrum hosting and network services, 4G wholesale, and 3G roaming.
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Earnings Scheduled For July 28
Thursday, July 28, 2011 - 5:02am | 559Astrazeneca PLC (NYSE: AZN) is expected to report its Q2 EPS at $1.80 on revenue of $8.19 billion. Exxon Mobil Corporation (NYSE: XOM) is projected to report its Q2 EPS at $2.33 on revenue of $121.39 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report its Q2 EPS at $0.55 on...
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Stocks to Watch for Thursday 7/28/2011: Fresh 52 Week Highs and Lows
Thursday, July 28, 2011 - 2:37am | 3403Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more clearly defined. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to...
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Wednesday's S&P 500 Sector Recap: Hottest and Coldest Sectors
Wednesday, July 27, 2011 - 5:36pm | 1734The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...
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Sprint and Crown Castle Extend Relationship to Enable Network Vision
Wednesday, July 27, 2011 - 1:00pm | 54Sprint (NYSE: S) today announced it has amended important contracts with Crown Castle (NYSE: CCI) to enable the delivery of the next-generation networks through Sprint's Network Vision plan. The agreement impacts more than 10,000 of Sprint's nationwide cell sites.
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Why This European Telecom Is A Screaming Buy
Wednesday, July 27, 2011 - 10:14am | 594Vodafone (NYSE: VOD) said yesterday at the annual shareholder meeting yesterday the company is set to resume receiving dividend payments from Verizon (NYSE: VZ) starting next year. This is massive news for Vodafone shareholders, as the stock price is not really reflective of receiving a dividend...
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Collins Stewart Reiterates Neutral and PT of $5 on Sprint Nextel
Wednesday, July 27, 2011 - 8:53am | 56Collins Stewart reiterated its Neutral rating on Sprint Nextel (NYSE: S). At the same time, the rating agency left its price target on the company's stock unchanged at $5. On Tuesday, S closed the day at $5.18. Its shares lost 0.19% of their value in today's pre-market trading to stand around $5.17...
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Why AT&T is a Good Buy
Wednesday, July 27, 2011 - 8:14am | 537On Wednesday July 20th the FCC said that it would extend its review of AT&T's (NYSE: T) proposed takeover of rival mobile services provider T-Mobile, while Senator Herb Kohl (D. Wis.) lodged a formal objection to the deal, citing fears of a monopoly. "I have concluded that this acquisition, if...
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Bank of America Merrill Lynch Previews Earnings From Sprint Nextel Corp.
Wednesday, July 27, 2011 - 7:34am | 152Bank of America Merrill Lynch is out with a research report on Sprint Nextel Corp. (NYSE: S) as it previews earnings from the company. It has a Neutral rating and a $5.50 price target on shares. In a note to clients, Bank of America Merrill Lynch writes, "We project service margin of 19.1%, flat...
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Bank of America Previews Earnings for Crown Castle International
Wednesday, July 27, 2011 - 7:16am | 195Bank of America has published a report on Crown Castle International Corporation (NYSE: CCI) previewing earnings for the company. In the report, Bank of America wrote, "Conference Call InfoThursday, July 28th, at 10:30 a.m. (ET). Dial-in: 480-629-9771; Password: “Crown Castle Call”. Replay: 303-...
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Goldman Sachs Comments on Volatility
Wednesday, July 27, 2011 - 6:58am | 215Goldman Sachs commented on market volatility. In a research report published today, Goldman named companies it believes are best investment in these volatile times. In the report, Goldman states, “In the face of a flattish S&P 500 we encourage investors to utilize straddles as a method to...
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Stocks to Watch for Wednesday 7/27/2011: Fresh 52 Week Highs and Lows
Wednesday, July 27, 2011 - 4:37am | 2249Stocks 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 Tuesday's trading session (listed from highest total volume to...
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Benzinga's Top ETF Decliners, July 26th (ZSL, URTY, SOXS, FXP)
Tuesday, July 26, 2011 - 7:23pm | 161ProShares UltraShort Silver (ETF) (NYSE: ZSL) lost 2.95% on Tuesday as silver traded higher. ZSL closed at $12.81, and it had a volume of 9.43M traded shares. ProShares UltraPro Russell2000 ETF (NYSE: URTY) traded lower today, along with the Russell 2000 Index. URTY dropped 2.36%, and the Russell...
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Morgan Stanley Comments on Sprint Nextel's 4G Strategy
Tuesday, July 26, 2011 - 9:04am | 204Morgan Stanley has published a report on Sprint Nextel (NYSE: S) as the company unveils its 4G deployment strategy. In the report, Morgan Stanley wrote, "We remain cautious on Sprint as we believe it will be several years before the benefits of Network Vision can be realized. Our medium term...