Top Stories

Charles Maxwell Predicts Oil - $75, in 2010, – Likes Suncor (SU) & Cenovus Energy

Posted on 03/16/10 at 5:16pm
Weedon & Co., oil analyst Charles Maxwell, was on Pimm Fox’s, Bloomberg Radio Show on Friday. Charles Maxwell thinks that $75 a barrel, will probably be the average price for oil this year for these reasons: 1) The U.S. dollar won’t go down too much this year.
Click here to read the rest of the article
Posted in

Benzinga’s Top Downgrades (FUQI, TEG, TSCO, SBNY, SHPGY)

Posted on 03/17/10 at 9:21am
Fuqi International Inc (NASDAQ: FUQI) was downgraded by Oppenheimer from “outperform” to “perform.” FUQI closed at $19 yesterday. FUQI has a 52-week trading range of $3.59-$32.68. Read more about this company here.
Click here to read the rest of the article
Posted in

Bill Smith Skewers Pandit – Still Likes Citigroup (C)

Posted on 03/16/10 at 2:42pm
Bill Smith of Smith Asset Management, skewered Vikram Pandit, the CEO of Citigroup (NYSE: C) on Pimm Fox’s Taking Stock, radio show last Friday. Hell hath no greater fury than a shareholder burned. Smith is a long term holder of Citi’s stock, which he accumulated from the Traveler’s merger.
Click here to read the rest of the article
Posted in

Benzinga’s Top Upgrades (MPEL, CBI, SONC, CML, CLX)

Posted on 03/16/10 at 2:36pm
Melco Crown Entertainment Limited (NASDAQ: MPEL) was upgraded by Credit Suisse from “neutral” to “outperform.” MPEL’s shares gained 5.82% to $4.73. MPEL’s shares have risen 33.04% so far this year. Read more about this company here.
Click here to read the rest of the article
Posted in

Accenture’s (ACN) Estimates Lowered

Posted on 03/17/10 at 2:33pm
Analysts George Price and Richard Eskelsen at Stifel Nicolaus have released an update on Accenture Plc (NYSE: ACN).
Click here to read the rest of the article
Posted in

Benzinga’s Top Pre-Market Gainers (PLCM, ADSK, MDCO, GNVC)

Posted on 03/17/10 at 8:30am
Polycom, Inc. (NASDAQ: PLCM) increased 7.92% to $32.85 in the pre-market session. PLCM made a new 52 week high at $30.50 in the last trading session. In the last six months, PLCM has gained over 16%. PLCM closed at $30.44 yesterday.
Click here to read the rest of the article
Posted in

Benzinga’s Top Pre-Market Losers (CSKI, ERIC, HGSI, EROC)

Posted on 03/17/10 at 8:35am
China Sky One Medical, Inc. (NASDAQ: CSKI) tumbled 7.81% to $15.81 in the pre-market session. China Sky One Medical, Inc. announced that for fiscal 2010, it expects net revenue growth of approximately 20% or $156 million and net income is anticipated to approximate $39 million. CSKI closed at $17.15 in the last trading session.
Click here to read the rest of the article
Posted in

Benzinga’s News Roundup (LSI, ALU, PFE, GRMN)

Posted on 03/17/10 at 7:58am
LSI Corporation (NYSE: LSI) reported today that it expects its first-quarter results to be between a loss of $0.03 per share and earnings of $0.04 per share, with revenue of $620 million to $640 million. Analysts expect LSI to report earnings of $0.07 per share and revenue of $603 million.
Click here to read the rest of the article
Posted in

“Mad Money Lightening Round:” Jim Prefers PRSP, CREE, TUP, NAL, T, WIN To S, ISRG, FTR

Posted on 03/18/10 at 9:16am
In his “Mad Money Lightening Round,” Cramer said that Prosperity Bancshares (NASDAQ: PRSP) seems to be the right investment for the moment. PRSP’s shares fell 0.19% yesterday.
Click here to read the rest of the article
Posted in

Benzinga’s Volume Movers (PLCM, ABII, SMTS, JAZZ, RBCN)

Posted on 03/17/10 at 2:21pm
Polycom Inc (NASDAQ: PLCM) shares climbed 9.69% to $33.39. The volume of PLCM shares traded was 1,498% higher than normal. PLCM is in talks with Apax Partners over a deal that could take the video-conferencing equipment maker private. Read more about this company here.
Click here to read the rest of the article
Posted in

Google’s (GOOG) Chinese Agents Ask For Compensation In Case Of A Pullout By The Company

Posted on 03/17/10 at 9:21am
Bloomberg reports that Google, Inc.’s (NASDAQ: GOOG) Chinese advertising agents have asked the company to provide them with a compensation plan in case it decides to exit China.
Click here to read the rest of the article
Posted in