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J.P. Morgan Asks If Cable's AWS Spectrum Could Become Part Of Sprint's 4G Ecosystem
Wednesday, July 13, 2011 - 8:24am | 146According to J.P. Morgan, Sprint Nextel (NYSE: S) could be looking to deal with Cable's AWS Spectrum. J.P. Morgan said that, with LightSquared looking less viable, at least near term, it believes Sprint could turn to other potential 4G partners, including Clearwire and the 20 MHz of AWS spectrum...
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Tuesday's Put/Call Ratio Leaders
Tuesday, July 12, 2011 - 12:12pm | 76Here are today's Put/Call Ratio leaders… 1. Quest Diagnostics (NYSE: DGX) 2,541 puts, 21 call 2. KeyCorp (NYSE: KEY) 10,901 puts, 90 calls 3. Warner Chilcott (NASDAQ: WCRX) 2,590 puts, 22 calls 4. Ralcorp Holdings (NYSE: RAH) 3,188 puts, 35 calls 5. China Unicom (NYSE: CHU) 2,551 puts, 55 calls
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Credit Suisse Raising Estimates On Clearwire
Tuesday, July 12, 2011 - 9:02am | 94Credit Suisse is raising earnings estimates on Clearwire (NASDAQ: CLWR). It has an Outperform rating and a $6 price target on shares. In a note to clients, Credit Suisse writes, "We are taking up estimates. We are now well above consensus EBITDA for 2Q11, 2011 and 2012. Based on our new...
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Rodman & Renshaw Initiates Coverage of Richmont Mines with Market Outperform and PT of C$10
Tuesday, July 12, 2011 - 8:27am | 41Rodman & Renshaw initiated its coverage of Richmont Mines (NYSE: RCI) with a Market Outperform rating and a price target of C$10. On Monday, RIC lost 7.09% of its value to close the day at $7.21.
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Options Brief: MetroPCS Communications
Monday, July 11, 2011 - 1:20pm | 70Shares of MetroPCS Communications (NYSE: PCS) are lower on the session by 0.98%, trading at $17.23. Overall call volume is now running at 9.51x the daily average, with 63% of all calls traded being purchases on the offer. 2,626 contracts have traded on the session so far. MetroPCS Communications...
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Sunday Morning Coffee
Sunday, July 10, 2011 - 8:06am | 397We executed a swap for larger accounts over the last couple of weeks. We sold Partner Communications (PTNR) and then replaced it early on Friday with the EG Shares Emerging Market Telecom ETF (TGEM). PTNR turned out to be a poor proxy for both Israel and telecom as it turned out (maybe this will...
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Hottest and Coldest Sectors for Friday 7/8/11
Friday, July 8, 2011 - 5:24pm | 1918The S&P 500 lost 9.4 points, or 0.7%, in Friday's trading session, as a weaker-than-expected jobs report put an end to the recent market rally. The SPX is now 26.78 points lower than its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Friday's session is as follows...
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How to Lose Money: Buy Stocks With "China" In the Name
Friday, July 8, 2011 - 4:12pm | 274The recent collapse in the share price of Chinese reverse mergers is at this point widely known. But, what if investors had simply purchased a basket of companies with the name "China" somewhere in the security? Here are the performances of securities on the NYSE, containing the word "China,"...
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Citi Maintains Buy Rating On Leap Wireless International
Friday, July 8, 2011 - 7:35am | 107According to Citi, Leap Wireless International (NASDAQ: LEAP) Buy rating is maintained. Citi said that Leap released an 8-K filing that included a business update relative to guidance from the 1Q conference call, as part of its slide presentation asking shareholders to vote for Leap's Board...
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 7:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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Stock Picks and Trade Ideas for Friday, July 8
Thursday, July 7, 2011 - 5:44pm | 1476( click to enlarge ) FiberTower Corporation (NASDAQ:FTWR) - 50-day SMA acting as support for now. Recent high was $1.85. Worth watching. Strong volume pattern. ( click to enlarge ) Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) - Looking good for $25.16 breakout. ( click to enlarge ) Macy...
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Goldman Sachs Suggests Closing Positions in NII Holdings
Thursday, July 7, 2011 - 9:29am | 109Goldman Sachs is out with a research note this morning, where is suggests that traders close out their position in NII Holdings (NASDAQ: NIHD). The analysts previously suggested buying the August $44.00 call for $1.55. They now suggest closing out the position for a gain. If held to expiration,...
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Piper Jaffray Maintains Overweight on American Tower
Thursday, July 7, 2011 - 7:41am | 98Piper Jaffray is out with its report today on American Tower (NYSE: AMT), maintaining Overweight. In a note to clients, Piper Jaffray writes, "Given the spirit of this past weekend, we thought it would be a good time to revisit our view on American (Tower). We continue to rate the stock Overweight...
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Calls Purchased on SBA Communications Corporation
Friday, July 1, 2011 - 12:16pm | 122Shares of SBA Communications Corporation (NASDAQ: SBAC) are higher on the session by 1.13%, currently trading at $38.62. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today....
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Options Brief: Leap Wireless International
Friday, July 1, 2011 - 11:15am | 97Shares of Leap Wireless International (NASDAQ: LEAP) are higher on the session by 2.16%, trading at $16.58. Overall put volume is now running at 2.14x the daily average, with 0% of all puts traded being purchases on the offer. 1,016 contracts have traded on the session so far. Leap Wireless...