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Concordis Group, Inc. Joins Captive Insurance Companies Association
Thursday, July 8, 2010 - 10:26am | 2119DESTIN, Fla., July 8 /PRNewswire-FirstCall/ — Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced it has become a member of the Captive Insurance Companies Association (CICA). CICA is the only domicile-neutral captive insurance association, free from...
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More Americans Use Smartphones To Access The Web
Thursday, July 8, 2010 - 8:35am | 242More Americans are using wireless devices, primarily smartphones and laptops, to access websites. The number jumped to 59% in May, up from 51% a year ago, according to the Pew Internet Study. What those Americans did online may not have any commercial impact, but the phone users are likely to be...
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Benzinga's Top ETF Gainers (DRV, EDC, EWT, EWP)
Tuesday, July 6, 2010 - 4:33pm | 235Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) continued to move higher today, and this was its sixth consecutive trading session in the positive territory. DRV gained 6.60%, as Simon Property Group, Inc (NYSE: SPG) fell 2.28% and Vornado Realty Trust (NYSE: VNO) dropped 2.29%. Direxion Daily...
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Turkey - Where East Meets West, and Prospects are Improving
Tuesday, July 6, 2010 - 12:15pm | 2041Last week, we took a drive by of 2 Asian countries whose stock markets were outperforming, India & Indonesia. We also looked at some regional economies in Latin America that were holding up very well - namely, Peru & Chile. (Brazil goes without saying) Today, we'll look at a country...
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Puts Sold on Clearwire Corp. (CLWR)
Thursday, July 1, 2010 - 2:08pm | 140Shares of Clearwire Corp. (NASDAQ: CLWR) are lower on the session by 0.21%, currently trading at $7.26. The stock has been trading largely higher over the past six months, though has broken down through the 50-day moving average as of late. Options traders are selling some put protection on the...
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JP Morgan: Channel Checks On SVR Positive
Wednesday, June 30, 2010 - 3:43pm | 196Analysts at JP Morgan reiterate their "overweight" rating on Syniverse (NYSE: SVR). The target price for SVR is set to $24. SVR will announce its Q2 earnings on August 2. JP Morgan says, “Our channel checks and comments from the company yesterday were both positive…. The overhang on the stock has...
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Puts Purchased on China Mobile (CHL)
Wednesday, June 30, 2010 - 3:29pm | 117Shares of China Mobile Ltd (NYSE: CHL) are higher on the session by 0.93%, currently trading at $49.73. The stock has been trading largely sideways for the past six months, finding resistance around $51 and support around $47.50. Options traders are buying some puts today. The September $45.00 put...
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10 Most Loathed Names in Tech
Wednesday, June 30, 2010 - 11:49am | 228NEW YORK (TheStreet) -- Tech stocks fell out of favor this week as the Nasdaq lost 4% since Monday. Not all the shops deserved the beating, but here are 10 that may have had it coming. No. 10: Sprint (NYSE: S) With customers leaving at a rate of 1 million a year, nobody sheds subscribers like...
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Benzinga’s Top Pre-Market Losers (CELG, VOD, NFLX, RIMM)
Wednesday, June 30, 2010 - 8:45am | 155Celgene Corporation (NASDAQ: CELG) dipped 2.80% to $51.75 in the pre-market session. CELG has agreed to buy Abraxis BioScience Inc (NASDAQ: ABII) in a cash and stock deal amounting to $2.9 billion. Vodafone Group Plc (NASDAQ: VOD) lost 1.64% to $21.05 in the pre-market session. Analysts at Credit...
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Benzinga's Top ETF Decliners (SOXL, EDC, TNA, TYH)
Tuesday, June 29, 2010 - 5:04pm | 196Direxion Daily Semconductor Bull 3X (NYSE: SOXL) fell 13.64%, along with the PHLX Semiconductor Sector Index. In the semiconductor sector, Intel Corporation (NASDAQ: INTC) fell 2.85%, while Analog Devices, Inc. (NYSE: ADI) dropped 3.35%. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE:...
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Cramer Warns Investors Not To Lock Funds In TSLA For Long
Tuesday, June 29, 2010 - 12:06pm | 244In his Stop Trading! on Monday, Cramer repeated his advice that traders should invest into the public offering of Tesla Motors (NASDAQ: TSLA), but refrain from locking their funds in the stock for a long time. Cramer said, “You want to get some on the deal and then get out. I think it’s going to...
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Stock Market News for June 29, 2010 - Market News
Tuesday, June 29, 2010 - 9:37am | 416Stocks fell modestly on Monday as fears of a global economic slowdown kept investors on toes throughout the session. As investors braced for key economic reports due to be released this week, they walked a fine line trying to balance global growth concerns with promises of a slow but a steady...
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Oppenheimer Reaffirms Syniverse Outperform Rating (SVR)
Tuesday, June 29, 2010 - 9:13am | 103Oppenheimer & Co. Inc. reiterated its Outperform rating on Syniverse Holdings, Inc. (NYSE: SVR) following checks that indicate a strong finish to the 2nd Quarter. Oppenheimer & Co. maintains a $22 price target on shares of Syniverse. Noting that "Business trends look solid in both Europe...
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Benzinga’s Top Downgrades (VIA.B, VOD, AKAM, JNS)
Tuesday, June 29, 2010 - 8:45am | 146Viacom Inc (NYSE: VIA.B) was downgraded by Goldman Sachs from “buy” to “neutral.” VIA.B’s shares closed at $33.97 yesterday. Viacom’s 52-week trading range is $19.95-$37.07. Credit Suisse downgraded Vodafone Group Plc (NASDAQ: VOD) from “outperform” to “neutral.” VOD’s shares closed at $22.02...
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Credit Suisse Downgrades VOD To Neutral
Tuesday, June 29, 2010 - 6:03am | 43Analysts at Credit Suisse downgrade Vodafone Group Plc (NASDAQ: VOD) from "outperform" to "neutral." VOD’s shares moved up 1.66% to close at $22.02 yesterday. More Analyst Ratings here