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Leap Opposes Proposed AT&T Acquisition of T-Mobile
Tuesday, May 24, 2011 - 8:02am | 56Leap Wireless International, Inc. (NASDAQ: LEAP) and its operating subsidiary, Cricket Communications, Inc., today announced their opposition to AT&T's (NYSE: T) proposed acquisition of T-Mobile USA, a nationwide competitor to AT&T and the nation's fourth largest wireless carrier.
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Mad Money Lightning Round: Cramer Likes Shutterfly, Sprint Nextel
Tuesday, May 24, 2011 - 12:58am | 177On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he is “on the fence with American Tower (NYSE: AMT).” He added, “I think there will be a decrease in spending with AT&T (NYSE: T) and T-Mobile. But other than that, it should be all systems go." Cramer is “bullish on Sprint...
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Stocks Going Ex Dividend the First Week of June
Monday, May 23, 2011 - 6:05pm | 751Here 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...
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Benzinga's Top ETF Decliners, May 23rd (CZM, EDC, SOXL, ERX)
Monday, May 23, 2011 - 6:01pm | 197Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) traded 8.14% lower today as Baidu.com, Inc. (ADR) (NASDAQ: BIDU) fell 3.88%, and China Mobile Ltd. (ADR) (NYSE: CHL) dropped 1.90%. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) dropped 6.18%, and it closed at $34.45. This was...
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Top Stocks of the Philippines
Monday, May 23, 2011 - 4:19pm | 480Did you know that the literacy rate in the Philippines is 93.4%, according to the latest information provided by the Philippines National Statistics Office? The country has an approximate gross domestic product of $189 billion, making it the 46th largest economy in the world. In 2007, the GDP...
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Puts Purchased on China Unicom Limited
Monday, May 23, 2011 - 12:05pm | 144Shares of China Unicom Limited (NYSE: CHU) are higher on the session by 5.23%, currently trading at $20.13. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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J.P. Morgan Suggests Selling Calls on Leap Wireless
Monday, May 23, 2011 - 10:25am | 185J.P. Morgan is out with a research note this morning, where it suggests that traders look to overwrite their holding in Leap Wireless International (NASDAQ: LEAP). The J.P. Morgan Equity Analyst, Philip Cusick, published a fundamental report on Leap Wireless on Friday, which stated: “We are...
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Is Volatility Back? 05-20-2011
Friday, May 20, 2011 - 2:45pm | 937Cusick's Corner This is expiration trade -- move on the open and then slither into the close with most traders covering their trades early. The market looks to be prepared to stay in a tight range, 1330-1336 on the June S&Ps, but if the bulls can break resistance of 1336, the squeeze could be...
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American Tower Up On REIT Conversion
Friday, May 20, 2011 - 2:13pm | 154American Tower Corporation (NYSE: AMT) shares are up nicely today, gaining more than 2% on news that the company is converting into a real estate investment trust. The conversion will take place no no earlier than January 1, 2012. “Our Board and management team believe that converting to a REIT...
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Benzinga's Top Upgrades
Friday, May 20, 2011 - 8:15am | 134Piper Jaffray upgraded Sprint Nextel Corp (NYSE: S) from “neutral” to “overweight.” Sprint Nextel's shares closed at $5.33 yesterday. Sprint Nextel's trailing-twelve-month revenue is $32.79 billion. Analysts at Citigroup upgraded AES Corporation (NYSE: AES) from “hold” to “buy.” AES' shares closed...
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UPDATE: J.P. Morgan Downgrades Leap Wireless to Neutral
Friday, May 20, 2011 - 7:59am | 189J.P. Morgan is out with its report today on Leap Wireless (NASDAQ: LEAP), downgrading LEAP from Overweight to Neutral. In a note to clients, J.P. Morgan writes, "We are downgrading Leap Wireless to Neutral from Overweight. Our price target remains the same, at $16 per share, based upon our DCF...
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Piper Jaffray Upgrades Rating, Raises PT To $6.50 On Sprint Nextel
Friday, May 20, 2011 - 7:23am | 84Piper Jaffray has upgraded its rating from Neutral to Overweight and has increased its price target from $5 to $6.50 on Sprint Nextel Corp. (NYSE: S). Says Piper Jaffray, in its report, “We are upgrading Sprint to Overweight on improving operational trends, that we think are sustainable through...
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Mackie Research Downgrades Manitoba Telecom To Hold, $35 PT
Friday, May 20, 2011 - 7:15am | 27Mackie Research Capital has downgraded Manitoba Telecom Services (NYSE: MBT) from Buy to Hold and maintains its $35 price target.
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Leap Wireless Cut to Neutral From Overweight at JPMorgan
Friday, May 20, 2011 - 7:11am | 23J.P. Morgan cut its rating on Leap Wireless (NASDAQ: LEAP) from Overweight to Neutral.
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MetroPCS Cut to Neutral From Overweight at JPMorgan
Friday, May 20, 2011 - 7:09am | 20J.P. Morgan downgrades Metro PCS (NYSE: PCS) from Neutral to Overweight.