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Options Brief: China Mobile Limited
Friday, June 24, 2011 - 11:52am | 91Shares of China Mobile Limited (NYSE: CHL) are higher on the session by 1.86%, trading at $47.20. Overall call volume is now running at 2.73x the daily average, with 48% of all calls traded being purchases on the offer. 2,608 contracts have traded on the session so far. China Mobile Limited...
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A Peek Into The Market Before The Trading Starts
Friday, June 24, 2011 - 7:22am | 428Pre-open movers US stock futures are higher this morning, as investors are awaiting the third release of US Q1 gross domestic product and data on May durable-goods orders. Futures on the Dow Jones Industrial Average surged 20 points to 11,996.00 and futures on the S&P 500 stock index rose 1.80...
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Sprint Announces Availability HTC EVO 3D First 3D-Enabled Smartphone in the United States and HTC EVO View 4G
Friday, June 24, 2011 - 7:02am | 65HTC EVO 3D and HTC EVO View 4G™, debut today, exclusively from Sprint (NYSE: S). HTC EVO 3D, America's first glasses-free 3D phone will cost $199.99 and HTC EVO View 4G, the first 4G-enabled tablet in the United States, will cost $399.99. Both prices exclude applicable taxes, and the devices...
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Did A Picture Of Tim Cook Just Make Apple A Screaming Buy?
Thursday, June 23, 2011 - 10:09am | 441Today's down down in Apple may be just the screaming buying opportunity you need. Apple (NASDAQ: AAPL) COO and acting CEO Tim Cook was spotted at China Mobile (NYSE: CHL) headquarters recently. Cook was spotted with a few executives and he looked happy at China Mobile headquarters. So why else...
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 5:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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J.P. Morgan Keeps Rating, PT On S As Company Looks Ahead
Wednesday, June 22, 2011 - 8:27am | 155J.P. Morgan is maintaining its Overweight rating and its $7 price target on Sprint Nextel (NYSE: S) as the company prepares to undertake a large technology update in the near future. In the report, J.P. Morgan writes, “Sprint plans to undertake a modernization effort over the next 3-4 years called...
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J.P.Morgan Keeps Rating, PT On S As Company Looks Ahead
Wednesday, June 22, 2011 - 8:26am | 155J.P. Morgan is maintaining its Overweight rating and its $7 price target on Sprint Nextel (NYSE: S) as the company prepares to undertake a large technology update in the near future. In the report, J.P. Morgan writes, “Sprint plans to undertake a modernization effort over the next 3-4 years called...
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Sprint Expands Mobile Tablet Portfolio With Launch of Samsung Galaxy Tab 10.1
Tuesday, June 21, 2011 - 11:02am | 92Sprint (NYSE: S) announces Samsung Galaxy TabTM 10.1 16GB Wi-Fi version will be available June 24 through direct ship sales channels, including Sprint Stores, Web sales, Telesales and Sprint Business Sales for $499.99. It will be available for purchase in Sprint retail stores on July 24. This...
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China Unicom Gets Lift From 3G, iPhone
Monday, June 20, 2011 - 6:05pm | 74China Unicom, China's No. 2 wireless phone company, is getting a lift from 3G wireless broadband services. U.S. shares in China Unicom (CHU) have shot up 48% in 2011, while No. 1 China Mobile (CHL) has sagged nearly 10%. China Unicom traded near all-time highs in early 2008 before tougher...
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Bank of America Merrill Lynch Reports on Sprint Nextel
Monday, June 20, 2011 - 9:02am | 145Bank of America Merrill Lynch commented on Sprint Nextel (NYSE: S) in a report released today. In the report, Bank of America Merrill Lynch was mixed in its assessment of the company. Bank of America Merrill Lynch writes, "We reiterate Neutral with a Px Tgt of $5.50. We are revising 11/12/13E EPS...
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Benzinga's Top Pre-Market NASDAQ Gainers
Monday, June 20, 2011 - 8:17am | 134Harbin Electric Inc (NASDAQ: HRBN) shares advanced 76.68% to $14.82 in the pre-market session. HRBN agreed to be acquired for $24 per share in cash by Tech Full Electric Company Limited, a Cayman Islands company wholly owned indirectly by Mr. Tianfu Yang, HRBN's Chairman and Chief Executive Officer...
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J.P. Morgan Maintains Overweight on Sprint Nextel
Monday, June 20, 2011 - 7:16am | 137J.P. Morgan is out with its report today on Sprint Nextel (NYSE: S), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We see Sprint as the stock in our universe with the largest potential upside due to its continued operational turnaround and opportunity to expand margins from...
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Here's Another Yogi Reference (not the Bear but Berra)
Friday, June 17, 2011 - 6:23pm | 901Cusick's Corner "Slump? I ain't in no slump...I just ain't hitting." That's a quote from Yogi Berra and if you talk to someone who is long, this is what the trader would most likely say. While the market did finally break the weekly losing streak, you can't ignore that we have seen some decent...
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Bears Stop for a Pic-a-Nic 06-17-2011
Friday, June 17, 2011 - 4:37pm | 981Cusick's Corner The market is now just off its best levels but for the most part we are seeing a market bounce on positive headlines and the shorts are stepping aside at this stage. Now this can be expected to happen over the next few sessions, especially since the market just was brutalized over...
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Puts Purchased on Clearwire Corporation
Friday, June 17, 2011 - 1:20pm | 127Shares of Clearwire Corporation (NASDAQ: CLWR) are lower on the session by 8.68%, currently trading at $3.47. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short...