Your Benzinga Update 4-15: New Bull Market; Google Preview; Top Downgrades

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Benzinga’s Daily Highlights

  1. 04/14/2010 - 13:03

    I am sure that there are a lot of traders and investors out there who are way under invested and have missed out on much of the rally we have seen since the sell off in January. I would imagine that many market observers are sitting on the sidelines watching the market go higher day after day. They just refuse to believe that the economic recovery is for real.


  2. 04/15/2010 - 14:31

    Google (NASDAQ: GOOG) will be reporting their quarterly earnings after the closing bell today. Analysts polled by Thomson Reuters are estimating that the Mountain View, California based tech giant will report earnings per share of $6.60 on $4.95 billion in net revenue.


  3. 04/15/2010 - 10:08

    BluePhoenix Solutions Ltd (NASDAQ: BPHX) was downgraded by Roth Capital from “buy” to “hold.” BPHX’s quarterly sales growth is 13.74% y/y.

    Thomas Weisel downgraded Cepheid (NASDAQ: CPHD) from “overweight” to “market weight.” CPHD’s shares have gained 54.33% so far this year.


  4. 04/15/2010 - 10:16

    All eyes are on Citigroup (NYSE: C) this morning, which has just begun to break through the $5.00 mark. This is an important psychological mark for investors as it seems that one of the worst offenders and symbols of last year’s crash is now back in institutional trading territory.


  5. 04/15/2010 - 07:08

    In an article on CNBC, Bob Parker from Credit Suisse shared his insights on the possibility of the market seeing a correction after stocks continued to advance for the fifth consecutive session yesterday.


  6. 04/15/2010 - 11:08

    E*Trade Financial Corp (NASDAQ: ETFC) is shooting higher today by 7.35% to $1.83. Rumors are swirling around that TD Ameritrade may be looking at the company once again. TD Ameritrade does have a lot of cash on hand and has mentioned before that they are shopping the space for the right deal.


  7. 04/15/2010 - 12:15

    Shares of Intel Corp. (NASDAQ: INTC) are higher again today after posting a strong session yesterday. The company reported great earnings on Tuesday night, easily surpassing Wall Street estimates. During the current session, the stock has climbed 2.43% to $24.10.


  8. 04/15/2010 - 13:38

    With the tentative bailout plan for Greece put in place this week, Europe and euro investors have breathed a sigh of relief.

    Unfortunately, things won't be calm for long.


  9. 04/15/2010 - 11:47

    A recent New York Times/CBS Poll revealed characteristics of Tea Party members that may or may not be surprising, depending on your perspective.


  10. 04/15/2010 - 11:44

    S&P are reiterating their positive outlook on the technology sector. S&P has been positive on the sector since the beginning of the year, when their research showed that technology usually outperforms in the 2nd year of a bull market. There is still time to get into the sector, since most technology mutual funds are up around 4 or 5%, lagging the overall market.

    S&P commented:


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