-
Sprint and Motorola Forge Renewed Business Relationship That Extends Device Innovation
Thursday, June 9, 2011 - 12:41pm | 60Sprint (NYSE: S) and Motorola Mobility, Inc. (NYSE: MMI) today announced a reinvigorated alliance that strengthens and extends the two companies' device innovation. Sprint and its prepaid brands of Boost Mobile and Virgin Mobile USA will launch more than 10 new Motorola wireless devices in 2011.
-
Morning Market Movers
Thursday, June 9, 2011 - 9:57am | 136FiberTower Corporation (NASDAQ: FTWR) climbed 20.30% to $1.60 at 9:55 am. FTWR shares have dropped 64.15% over the past 52 weeks, while the S&P 500 index has gained 21.21% in the same period. Trunkbow International Holdings Ltd (NASDAQ: TBOW) shares advanced 17.20% to $2.93. TBOW's trailing-...
-
FiberTower Corporation (NASDAQ:FTWR) – Another Volume Spike!
Thursday, June 9, 2011 - 5:43am | 354FiberTower Corporation (NASDAQ:FTWR) is a stock that I wrote about in late March. At the time, my scanner had picked up on a rally in the stock which was also backed up by a large increase in trading volume. On the day I wrote about the stock, further gains were made and the stock closed strongly...
-
Morning Market Movers
Wednesday, June 8, 2011 - 9:50am | 123FiberTower Corporation (NASDAQ: FTWR) shares advanced 23.53% to $1.47 at 9:45 am. FTWR shares have dropped 65.20% over the past 52 weeks, while the S&P 500 index has gained 20.99% in the same period.. Pharmasset Inc (NASDAQ: VRUS) shares surged 19.34% to $129.24. VRUS expanded its study of...
-
Piper Jaffrays Believes Sprint Nextel's 4G Upgrade Complicated Yet Manageable
Wednesday, June 8, 2011 - 7:26am | 82According to a recent report, Piper Jaffray believes Sprint Nextel's (NYSE: S) conversion to 4G is complicated yet manageable, despite the recent cases centering around the complexity of the upgrade. Piper Jaffray reiterates an overweight rating and price target of $6.50. In the report, Piper...
-
Stocks Going Ex Dividend the Third Week of June
Tuesday, June 7, 2011 - 9:36pm | 772Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
-
Fed Chief Speaks Before Close 06-07-2011
Tuesday, June 7, 2011 - 3:43pm | 906Cusick's Corner Not surprised with the bounce into the Midday -- it would be surprising if it garners any momentum. Fed Chief is speaking this afternoon, right at the close, but I doubt that he will douse any fuel on the markets, i.e. QE talk. I will watch the action into the close because that...
-
Puts Purchased on Mobil'nye TeleSistemy OAO
Tuesday, June 7, 2011 - 11:35am | 136Shares of Mobil'nye TeleSistemy OAO (NYSE: MBT) are higher on the session by 1.62%, currently trading at $20.00. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short...
-
Options Brief: Sprint Nextel Corporation
Tuesday, June 7, 2011 - 10:59am | 91Shares of Sprint Nextel Corporation (NYSE: S) are lower on the session by 3.48%, trading at $5.40. Overall put volume is now running at 7.84x the daily average, with 51% of all puts traded being purchases on the offer. 61,489 contracts have traded on the session so far. Sprint Nextel Corporation...
-
Benzinga's Top Downgrades
Tuesday, June 7, 2011 - 8:14am | 140Analysts at JP Morgan downgraded Citrix Systems Inc (NASDAQ: CTXS) from “neutral” to “underweight.” CTXS's shares closed at $82.15 yesterday. Citrix Systems' PEG ratio is 2.54. Analysts at Citadel Securities downgraded United Therapeutics Corporation (NASDAQ: UTHR) from “add” to “neutral.” UTHR's...
-
Stifel Nicolaus Downgrades For 6/7: GIII, S
Tuesday, June 7, 2011 - 7:55am | 51Stifel Nicolaus has downgraded the following companies: G-III Apparel Group (NASDAQ: GIII) from Buy to Hold and has removed its $40 price target. Sprint-Nextel (NYSE: S) from Hold to Sell and has established a $4.50 price target.
-
Partner Communications Announces Receiving a Lawsuit and a Motion for the Recognition of This Lawsuit as a Class Action
Monday, June 6, 2011 - 1:16pm | 170Partner Communications Company (Nasdaq: PTNR) announces that it was served with a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner the other cellular operators on June 6, 2011 in the Central District Court. The claim alleges that the defendants...
-
Oppenheimer Comments On American Tower's Receipt Of Subpoena From SEC
Monday, June 6, 2011 - 8:21am | 150Oppenheimer has published a report on American Tower (NYSE: AMT) after the company announced its receipt of a subpoena from the Securities & Exchange Commission for reasons unknown. In the report, Oppenheimer writes, "American Tower announced the receipt of a subpoena from the SEC requesting...
-
Top 4 NYSE Stocks In The Wireless Communications Industry With The Highest Cash
Monday, June 6, 2011 - 12:55am | 135Below are the top wireless communications stocks on the NYSE in terms of cash. China Mobile Limited (NYSE: CHL) had $45.11 billion in total cash and $5.19 billion in total debt for the latest quarter. NTT DOCOMO Inc (NYSE: DCM) had $11.28 billion in total cash and $5.33 billion in total debt for...
-
ETF Showdown: Asian Battle, ex-Japan
Friday, June 3, 2011 - 2:53pm | 492As emerging markets ETFs have soared in popularity and number of offerings in recent years, an equally popular sub-trend has developed and that is the multi-country emerging markets ETF. Think about it: That's exactly what the iShares MSCI Emerging Markets Index Fund (NYSE: EEM), arguably the ETF...