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This is Not a Gold Coin Commercial 10-06-2010
Wednesday, October 6, 2010 - 3:05pm | 990Cusick's Corner The “Risk On” trade is on full throttle. This market has little room for skeptics but I want to keep an eye on the offensive sectors that have led this market higher: Finance (XLF), Industrials (XLI), Tech (XLK or QQQQ) and Consumers (XLY). I first want to see the continued out...
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Auriga USA Reiterates Buy Rating On PCS, OMCL
Wednesday, October 6, 2010 - 10:38am | 43Auriga USA has reiterated its Buy ratings on the following companies: MetroPCS (NYSE: PCS) price target raised from $11 to $13 Omnicell (NASDAQ: OMCL) price target raised from $15 to $16
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Accelerating Telecom Industry Bode Well For 2011 PCS
Wednesday, October 6, 2010 - 10:32am | 147MetroPCS (NYSE: PCS) could bode well in 2011 with smart phone trends accelerating. Several industry data points suggest that smartphone demand is accelerating in the U.S which will have a positive impact on stabilizing ARPU's and will bold well for PCS. In a research report Auriga writes, "MetroPCS...
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Top 4 Large-Cap Stocks In Wireless Communications Industry With The Highest Cash (CHL, AMX, DCM, S)
Wednesday, October 6, 2010 - 6:23am | 148Below are the top large-cap wireless communication stocks on the NYSE and the NASDAQ in terms of cash. China Mobile Limited (NYSE: CHL) had $47.41 billion in total cash and $5.02 billion in total debt for the latest quarter. America Movil SAB de CV (NYSE: AMX) had $12.33 billion in total cash for...
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Japanese Prints 10-05-2010
Tuesday, October 5, 2010 - 3:33pm | 802Cusick's Corner The Bank of Japan turned on the printing press, which in turn adds more fuel to the Gold markets (GCZ10). The move by the Japanese and the reaction of the Yen (JYZ10) which is still going up has lead market players to continue to doubt the power of paper and relative safety of the...
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Veteran Captive Insurance Executive Joins Concordis Board of Directors
Tuesday, October 5, 2010 - 10:00am | 2361DESTIN, Fla. — Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced the appointment of Rick Stasi, a 30 year insurance veteran, to its Board of Directors. Trent S. Sommerville, Chairman and CEO of Concordis Group, Inc. stated “We are very fortunate to find...
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Upgrades From RBC Capital Markets
Tuesday, October 5, 2010 - 9:40am | 58RBC Capital Markets has upgraded the following companies: Syniverse Holdings, Inc. (NYSE: SVR) from Sector Perform to Outperform, price target rises from $23 to $28, current price $22.22. MEMC Electronic Materials (NYSE: WFR) from Underperform to Sector Perform, price target rises from $9.50 to $12...
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MetroPCS Unveils Second LTE in U.S. - Analyst Blog
Friday, October 1, 2010 - 6:15pm | 776MetroPCS Communications Inc. (PCS), the sixth-largest prepaid wireless service operator in the U.S. , launched its second 4G Long-Term Evolution (LTE) wireless broadband service in Dallas/Fort Worth Metroplex. This release follows the simultaneous launch of the first LTE service in Las Vegas and...
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Resignation Of Sprint Executive From The Clearwire Board
Friday, October 1, 2010 - 9:05am | 129Sprint executives are resigning from the Clearwire Board. In a research report Oppenheimer writes, "The big news story for the day was the resignation of Sprint executives from the Clearwire board. We believe this could be a precursor to (NASDAQ: CLWR) signing a deal with T-Mobile which would be...
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Resignation Of Sprint Executive From The Clearwire Board
Friday, October 1, 2010 - 9:04am | 129Sprint executives are resigning from the Clearwire Board. In a research report Oppenheimer writes, "The big news story for the day was the resignation of Sprint executives from the Clearwire board. We believe this could be a precursor to (NASDAQ: CLWR) signing a deal with T-Mobile which would be...
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Communication Stocks Ready For A Rally
Friday, October 1, 2010 - 8:47am | 159Communications Services have massively outperformed the market in the past quarter after a weak for 1H10. Due to cheap valuations, strong wireless data growth, less regulatory risk, expense controls and attractive dividend yields, communication stocks have the potential for a big upcoming rally....
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S&Ps Up 9% in September 09-30-2010
Thursday, September 30, 2010 - 7:39pm | 817Cusick's Corner What a trading range today, 1133-1155 on the DEC S&P e-minis. It looks like some market players are taking an opportunity to buy some protection after the best September in over 7 decades (9% increase in the S&P this month)! One notable trade was in DELL where the November...
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Window Dressing 09-30-2010
Thursday, September 30, 2010 - 2:56pm | 859Cusick's Corner The sellers came in this morning right at strategic levels, 1153 on the DEC S&P e-minis, so we need to see if there is any more window dressing into the After Hours. With the Dollar up, bond yields up and the Aussie pulling back, the shorts seem to have control at this juncture...
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Call Volume Grows on Sprint Nextel (S)
Thursday, September 30, 2010 - 12:34pm | 173Shares of Sprint Nextel Corporation (NYSE: S) are lower on the session by 1.09%, currently trading at $4.55. The stock has been higher over the past few weeks and has managed to regain the 18, 50, and 200-day moving averages. Options traders are continuing to buy calls on the name. Today the most...
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Clearwire Announces Changes to Board of Directors
Thursday, September 30, 2010 - 9:01am | 63Clearwire Corporation (NASDAQ: CLWR) today announced that Daniel R. Hesse, Keith O. Cowan, and Steven L. Elfman have resigned from the Clearwire board of directors. Hesse, Cowan and Elfman are all officers of Sprint Nextel Corporation and were nominated to the Clearwire board by Sprint (NYSE: S).