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Closing Bell: Briefly Celebrating DJIA 10,000 (MSG, STT, SIRI, FDO, BA, BGP, EMC)

It almost seems silly, but it shows how bad things have been before the last two days. The stock market had a second day up. It's been a while since we could say that. Today's gains were also well above the gains which were lost yesterday and the DJIA had its best day in almost a month. Bank stocks led the rally today, although many sectors shared in the joy. Suddenly, DJIA 10,000 was back today after a more than 200-point rally.

Here were today's unofficial closing bell levels:

Dow 10,018.28 +274.66 (2.82%)
S&P 500 1,060.24 +32.18 (3.13%)
Nasdaq 2,159.47 +65.59 (3.13%)

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Continue reading Closing Bell: Briefly Celebrating DJIA 10,000 (MSG, STT, SIRI, FDO, BA, BGP, EMC)

Cablevision: Incremental Progress

Cablevision Systems Corporation (CVC), post-spin off of Madison Square Garden (MSG), has understandably dipped, but the latter has been more than offset by MSG's current share price, about $19, as Cablevision subscribers were allocated one share of MSG for every four shares of CVC.

I'll review MSG's business model in the weeks ahead. For now, I still like Cablevision, first written about on May 29, 2009, at a price of $19.03.

Continue reading Cablevision: Incremental Progress

Cablevision has the right assets for the digital age

Much-maligned Cablevision Systems Corporation (CVC) is getting its act together, which is one reason I'm reiterating my buy rating for the company share's, first recommended on May 29, 2009 at a price of $19.03. If you bought CVC in May, you're up about 30%.

Look for a 2-4% revenue increase for CVC in 2010, led by telecom subscriber increases, but weighed-down by below-trend cable TV subscriber growth.

Continue reading Cablevision has the right assets for the digital age

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 27, 2012: 06:35 AM

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