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Options Brief: Crown Castle International Corp.
Friday, May 27, 2011 - 10:21am | 78Shares of Crown Castle International Corp. (NYSE: CCI) are higher on the session by 0.56%, trading at $41.67. Overall call volume is now running at 5.26x the daily average, with 24% of all calls traded being purchases on the offer. 1,500 contracts have traded on the session so far. Crown Castle...
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ETF Showdown: China Tech Titans
Friday, May 27, 2011 - 3:27am | 635Before LinkedIn (NYSE: LNKD) and Russia's Yandex (Nasdaq: YNDX) burst onto the scene with recent IPOs, it was China dominating the Internet IPO landscape with a spate of widely anticipated offerings that had investors feeling all Silicon Valley circa 1998 again. Perhaps one reason why investors...
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Today in Apple Litigation…
Thursday, May 26, 2011 - 3:15pm | 377You can't make 500 million friends without making a few enemies, right? While it's unclear as to how many friends Apple (NASDAQ: AAPL) has acquired, we do know that it has made at least one enemy in the video conferencing industry: Videophone's patent owner. Apple Insider reports that Visual...
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Dinakar Singh Likes Sprint, Orkla, & Zhongpin
Thursday, May 26, 2011 - 3:02pm | 329Dinakar Singh of TPG-Axon Capital was at the Ira Sohn Conference yesterday, and gave three investment ideas to the hedge fund community yesterday. Singh mentioned Orkla, a Norwegian company. He believes the company, which is one of the best consumer staples company in the region is working to...
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Under The Hood: Dialing For Defense Overseas
Thursday, May 26, 2011 - 2:01pm | 455These days, evidence is pretty convincing that the high beta trade is taking a siesta and everyone is wanting to play some defense. When investors develop a defensive posture, three sectors come into the spotlight for those opting to remain long equities: Consumer staples, utilities and telecom...
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UPDATE: Google, Citi, MasterCard, First Data and Sprint Team up on Mobile Payment Technology
Thursday, May 26, 2011 - 12:29pm | 880At an event today, Google (NASDAQ: GOOG), Citi (NYSE: C), MasterCard (NYSE: MA), First Data and Sprint (NYSE: S) announced and demonstrated Google Wallet, an app that will make your phone your wallet so you can tap, pay and save money and time while you shop. For businesses, Google Wallet is an...
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AT&T Gets with the Program and Finally Introduces LTE 4G Rollout
Thursday, May 26, 2011 - 7:00am | 240AT&T (NYSE: T) finally got with the program and introduced the roll out of its first LTE cities Wednesday, with Dallas, Houston, Chicago, Atlanta and San Antonio likely to see service sometime this year. Additionally, AT&T plans to add another 10 or more markets in the second half of the...
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Citadel Initiates Coverage on Leap Wireless and MetroPCS (LEAP, PCS)
Wednesday, May 25, 2011 - 9:10am | 127Citadel is out with its report today on Leap Wireless (NASDAQ: LEAP) and MetroPCS (NYSE: PCS), initiating coverage on LEAP and PCS. In a note to clients, Citadel writes, "The U.S. wireless industry in the midst of a shift in favor of prepaid (nocontract) versus postpaid (contract) tiers. We...
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Benzinga's Top Downgrades
Wednesday, May 25, 2011 - 8:16am | 134Analysts at Nomura downgraded Vodafone Group Plc (NASDAQ: VOD) from “buy” to “neutral.” VOD's shares closed at $27.55 yesterday. Vodafone's PEG ratio is 3.42. Bank of America downgraded Knight Transportation Inc (NYSE: KNX) from “buy” to “neutral.” KNX's shares closed at $16.92 yesterday. Knight...
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Partner Communications Announces Receiving Lawsuit; Motion for the Recognition of This Lawsuit as Class Action
Wednesday, May 25, 2011 - 8:07am | 101Partner Communications Company Ltd (Nasdaq: PTNR) announces that it received a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner on May 3, 2011 in the Central District Court. The claim alleges that Partner should have informed its customers of the...
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J.P. Morgan Comments on Implications of Sprint's 4G Options
Wednesday, May 25, 2011 - 7:53am | 137According to a recent report from J.P. Morgan, Sprint Nextel (NYSE: S) plans to modernize their business model over the next 3-4 years in a plan called Network Vision (NV). This plan, although optimistic, will require additional 4G capacity and therefore, Sprint will have to decide if it will re-...
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Citadel Securities has initiated coverage on the following companies:
Wednesday, May 25, 2011 - 7:35am | 29Leap Wireless (NASDAQ: LEAP) Edge Positive, $22 PT Metro PCS (NYSE: PCS) Neutral, $18 PT
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Is the Buck Badgering the Market? 05-24-2011
Tuesday, May 24, 2011 - 6:16pm | 884Cusick's Corner The Buck firmed into the close while Finance, XLF (thanks Citi +.35 and 9% of the XLF) was the strongest of the offensive sectors, this segment is just off its lows. We may have a consolidation forming in front of the long weekend. In the Commodity markets there was a nice...
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Five Stocks for Bob Dylan's 70th Birthday
Tuesday, May 24, 2011 - 5:07pm | 866So Bob Dylan turned 70 years old today. But he's still going strong, still staying in the limelight. As widely reported in the past few days, in a previously unreleased interview from 1966, he admitted kicking a heroin habit. This iconic musician also has an upcoming show in Israel with Rickie Lee...
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Options Brief: America Movil S.A.B.
Tuesday, May 24, 2011 - 10:17am | 91Shares of America Movil S.A.B. (NYSE: AMX) are higher on the session by 0.86%, trading at $51.36. Overall call volume is now running at 2.35x the daily average, with 4% of all calls traded being purchases on the offer. 4,292 contracts have traded on the session so far. America Movil S.A.B. DE C....