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Put Trading Heats Up in China Mobile
Friday, May 14, 2010 - 1:02pm | 109Shares of China Mobile (NYSE: CHL) are currently off 1.89%, now trading $47.31 today. The stock is now sitting on the $47.50 support level; if it cannot hold there, the chart seems primed to head towards $45 in a hurry. Put trading is heating up in China Mobile today. The May $45 put traded 1,030...
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Buyers Take a Breather 05-13-2010
Thursday, May 13, 2010 - 6:48pm | 683Cusick's Corner Reported jobless claims today did not fall as much as expected. Analysts would like to see the jobless claims fall faster because that would be a sign of more hiring on Main Street. So buyers were taking a breather today and the SPX failed to push through the 1173 level with...
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Sprint Nextel To Launch New Prepaid Plan (S, WMT)
Thursday, May 13, 2010 - 6:41pm | 161Sprint Nextel Corp. (NYSE: S) has struck a deal with Wal-Mart Inc. (NYSE: WMT) for the launch of its new prepaid plan. The new service, Common Cents Mobile, is scheduled to debut on Saturday. The plan is specifically aimed at people with intermittent cell phone usage. Under the new plan, the users...
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Thursday’s Market Roundup
Thursday, May 13, 2010 - 4:28pm | 291The overall market struggled to find direction most of the session before falling 1.21% to close at 1157, off 14.23 points. The S&P 500 (NYSE: SPY) closed very near its lows of the session. The sell off seemed to come after traders realized that there was neither enough volume, nor conviction...
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Sprint Shares Soar
Thursday, May 13, 2010 - 3:24pm | 122Shares of Sprint Nextel Corp (NYSE: S) are shooting higher on the session after the company reported that they would be selling pre-paid wireless services at Wal-Mart (NYSE: WMT). Raymond James also upgraded the company to “Outperform” today. The options market is heating up in the name with...
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Watching SPX's 50-Day SMA 05-13-2010
Thursday, May 13, 2010 - 2:38pm | 797Cusick's Corner The latest weekly jobless claims were 444,000 while analysts were expecting 440,000 which was somewhat in-line with estimates. The market initially had a tepid response to the jobless news, traded relatively flat, but now drifting lower. I am keeping an eye on the SPX's 50-Day...
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Wedbush Maintains Outperform On Syniverse (SVR)
Thursday, May 13, 2010 - 2:10pm | 130Wedbush Securities views SAP’s (ADR) (NYSE: SAP) announced acquisition of Sybase (NYSE: SY) as a positive for Syniverse (NYSE: SVR). The expected benefit is in terms of valuation and near term opportunity. The press has highlighted Sybase’s messaging and mobility assets, and the premium takeout...
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News Summary: Natural Gas Futures Hit Eight-Week High (TDC, F, S, WMT)
Thursday, May 13, 2010 - 2:07pm | 305The possibility of a recovery in fuel demand has increased and natural gas futures climbed to an eight- week high in New York. The move was triggered by a government report that showed that fuel stockpiles grew less than forecast, signaling that fuel demand is recovering from the worst financial...
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Sprint: Who Wants 4G?
Thursday, May 13, 2010 - 7:01am | 282The premise behind the turnaround plans of Sprint-Nextel (NYSE: S) is that the 4G WiMax ultra-fast wireless network that it is building with Clearwire (NASDAQ: CLWR) with the financial support of Intel (NASDAQ: INTC) will draw customers from AT&T (NYSE: T) Wireless and Verizon Wireless which...
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Sprint Expects Favorable Response To New Phone (S, AAPL)
Wednesday, May 12, 2010 - 6:08pm | 154Sprint Nextel (NYSE: S) has reported that it has a long waiting list of customers interested in buying its new phone EVO. The phone will feature a high-speed wireless connection and is made by HTC Corp. Dan Schulman, head of Sprint’s (S) prepaid business, said that the company will announce pricing...
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China Unicom Increases Subsidy For iPhone (CHU, AAPL)
Wednesday, May 12, 2010 - 5:49pm | 144China Unicom Ltd. (NYSE: CHU) has announced it is going to raise its subsidy for iPhone (NASDAQ: AAPL) and other smartphones. Unicom Executive Director Lu Yimin said that the company plans to spend $439 million to $732 million on subsidies this year. The Wall Street Journal has reported that this...
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Walt Disney To Launch New Channels In South Korea (DIS, SKM)
Wednesday, May 12, 2010 - 5:17pm | 129The Walt Disney Co. (NYSE: DIS) has unveiled its plans to launch two Korean-language Disney channels in South Korea. The Walt Disney Company will collaborate with SK Telecom (ADR) (NYSE: SKM) for this venture. Under the new pact, the company will launch Disney Channel and Playhouse Disney Channel...
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Qualcomm To Benefit From Smartphone Sales Traffic
Wednesday, May 12, 2010 - 12:41pm | 195Piper Jaffray issued a research report that indicated strong smartphone sales at all major cell providers through April-May. It concludes that increased Android and 3G CDMA-based smartphone sales benefits chip manufacturer Qualcomm (NASDAQ: QCOM) the most. Qualcomm makes the popular 1Ghz Snapdragon...
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China Unicom (CHU) Raises iPhone Subsidies To Boost Sales
Wednesday, May 12, 2010 - 12:35pm | 177In an attempt to boost demand, China Unicom (ADR) (NYSE: CHU), which is China's No. 2 mobile carrier, has decided to raise subsidies on its sales of Apple's iPhone. “China Unicom has been adding less than 1 million subscribers every month,” said Victor Yip, an analyst with UOB Kay Hian in Hong...
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Top 5 NYSE Stocks In The Telecom Services-Foreign Industry With The Highest Cash (NTT, TNE, BT, SKM, KT)
Wednesday, May 12, 2010 - 6:52am | 160Below are the top 5 telecom services- foreign stocks on the NYSE in terms of cash. Nippon Telegraph and Telephone (NYSE: NTT) had $8.78 billion of cash in the latest quarter, while its debt liabilities stood at $50.31 billion. Tele Norte Leste Participacoes (NYSE: TNE) had $4.36 billion of cash and...