Do you want to watch television on your iPad? No problem. Just download an app. Cablevision (CVC) claims that its customers can watch 300 channels at home, according to Reuters.

The interesting feature of this program is that you don't need the Internet. Cablevision uses a digital code to deliver content to an Apple (AAPL) iPad. The app allows you to search channels by genre and record programs.

Cablevision Systems Corp.'s (CVC) stock, first discussed here on May 29, 2009 at a price of $19.03, has moved to higher ground near $40, and if you haven't already, now may be a good time to consider taking some profits if you're in at/near $19.

However, those investors who can tolerate the risk can maintain their full position, and go for an even larger gain, as CVC is likely to continue to head north.

Cablevision will likely post 1-3% telecom revenue growth in 2011, with roughly 230,000 to 250,000 net new revenue generating units (RGUs). Total revenue generating units should approach 11.1 million by the end of 2011.

Analyst Upgrades

• General Electric (GE) and Barclays (BCS) to buy from neutral at UBS.
• Warnaco (WRC) to outperform from market perform and Melco Crown (MPEL) to market perform from underperform at Wells Fargo.
• Parker-Hannifin (PH) and Emerson Electric (EMR) to buy from neutral at Goldman.
• AMD (AMD) to buy from neutral at Nomura.
• Novellus (NVLS) and Sherwin-Williams (SHW) to equal weight from underweight at Morgan Stanley.
• OpenTable (OPEN) to outperform from market perform at Morgan Keegan.
• Skilled Healthcare (SKH) to buy from hold at Jefferies.
• Lear (LEA) to overweight from equal weight at Barclays.
• Adobe (ADBE) to buy from neutral at BofA/Merrill.

No one really knows how high monthly cable television fees could go, but if programming charge increases are any indication, they're likely to continue trending higher in 2011, which is, for the most part, good news for Cablevision Systems Corp. (CVC), first discussed here on May 29, 2009, at a price of $19.03

Look for Cablevision revenue to increase 5% to 7% in 2011, with more than 250,000 net new revenue generating units (RGUs) to total more than 11 million RGUs. Cablevision's iDigital cable unit (2.9 million subscribers) and Optimum high-speed broadband service (2.6 million subscribers) should add enough subscribers to keep institutional investors happy. Further, DVR market share growth still has considerable upside, particularly given the company's strong presence in a lucrative market (New York City area).

Analyst Upgrades

• Thoratec (THOR) to buy from neutral at UBS.
• TW Telecom (TWTC) to buy from hold at Citigroup.
• TAL Education (XRS) to overweight from neutral at Piper Jaffray.
• Amedisys (AMED) to buy from hold at Deutsche Bank.

Analyst Downgrades

• Navigators (NAVG) to neutral from outperform at Macquarie.
• El Paso Electric (EE) to hold from buy at Jefferies.
• Hancock Holding (HBHC) to hold from buy at Wunderlich.
• California Water Service (CWT) and American States Water (AWR) to neutral from buy at Janney Capital.
• Mednax (MD) to hold from buy at Deutsche Bank.

The shares of Cablevision Systems Corp. (CVC), first discussed here on May 29, 2009 at a price of $19.03, continue to move to higher ground, and now may be a good time to consider taking some profits.

However, those investors who can tolerate the risk can maintain their full position, and go for an even larger gain, as CVC is likely to continue to head north, once its overbought short-term status normalizes.

Look for Cablevision to post 2-4% telecom revenue growth in 2010, with roughly 230,000 to 250,000 net new revenue generating units (RGUs); net RGUs should increase even more in 2011. Cablevision's iDigital cable unit (2.9 million subscribers) and Optimum high-speed broadband service (2.6 million subscribers) should add enough subscribers to keep institutional investors happy. Cablevision also boasts 3 million basic cable subscribers.

Cablevision Systems (CVC - option chain) shares are rising today after Standard & Poor's announced that CVC will be added to the S&P 500 index, replacing King Pharmaceuticals (KG). The addition of a stock to one of the big S&P indices usually is a positive sign for that stock, sicne S&P thinks highly enough of it, plus extra buying pressure is created by funds that need to buy shares to accurrately track the index. Other announced changes include Netflix (NFLX), F5 Networks (FFIV), Newfield Exploration (NFX), The New York Times, (NYT), Office Depot (ODP), and Eastman Kodak (EK). If you think that Cablevision stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CVC.

CVC opened this morning at $34.89. So far today the stock has hit a low of $34.15 and a high of $34.94. As of 12:00, CVC is trading at $34.87 up 1.51 (4.5%). The chart for CVC looks bullish and S&P gives CVC a positive 4 STARS (out of 5) buy ranking.

Analyst Upgrades

• Union Pacific (UNP) and Polycom (PLCM) were upgraded to outperform from market perform at Wells Fargo.
• Time Warner Cable (TWC) was upgraded to outperform from sector perform at RBC Capital.
• Cheesecake Factory (CAKE) was upgraded to neutral from underweight at JPMorgan.
• LaSalle Hotel (LHO) was upgraded to outperform from neutral at RW Baird.
• Graco (GGG) was upgraded to buy from hold at BB&T.
• Valley National (VLY) was upgraded to market perform from underperform at Keefe Bruyette.
• Credit Suisse (CS) was upgraded to hold from sell at RBS.
• U.S. Bancorp (USB) was upgraded to outperform from perform at Oppenheimer.
• Penn National (PENN) and Riverbed (RVBD) were upgraded to buy from hold at Jefferies.
• Goodrich (GR) was upgraded to outperform from neutral at Cowen.
• Amazon.com (AMZN) upgraded to buy from average at Caris.

The shares of Cablevision Systems Corp. (CVC), first discussed here on May 29, 2009 at a price of $19.03, have incrementally, almost grudgingly, approached $30 over the past six months, but I still favor the shares at this stage. Here's why:

Cablevision should post 2-4% telecom revenue growth in 2010, with better than 300,000 net new revenue generating units (RGUs); net RGUs should increase even more in 2011. Cablevision's iDigital cable unit (2.9 million subscribers) and Optimum high-speed broadband service (2.6 million subscribers) should add enough subscribers to keep institutional investors happy. Also, DVR market share growth still has considerable upside, particularly given the company's strong presence in a lucrative market (New York City area).

The choppiness continues with shares of Cablevision System Corp. (CVC), first discussed here on May 29, 2009, at a price of $19.03, but despite the aforementioned, the position should be maintained. Here's why:

Look for CVC to post 2% to 4% telecom revenue growth in 2010, with better than 200,000 new revenue generating units. Cablevision's iDigital cable unit (3.1 million subscribers) and Optimum high-speed broadband service (2.6 million subscribers) should add enough subscribers to keep institutional investors happy. DVR market share growth still has considerable upside, particularly given the company's strong presence in a lucrative market (New York City area).

Option traders appear to be setting up for a bullish move on CA Technologies (CA). Traders plowed into 4,799 new call option contracts -- 13.87 times the average volume -- on the stock on Thursday. And we know that traders were eager to get into this trade because 98% of the trades came in on the "ask" price.

CA Technologies closed Thursday at $18.13. The stock has dropped 7.64% during the past month, but it is currently sitting at support just above $18.

Analyst Upgrades

• Stifel views shares of DreamWorks (DWA) as oversold and believes investors are too pessimistic on recent films. The firm upgraded shares to buy from hold and has a $35 target on the stock.
• JPMorgan upgraded Consolidated Edison (ED) to neutral from underweight based on EPS visibility. The firm raised its price target to $45 from $37.
• Soleil upgraded PPL Corp. (PPL) to buy from hold following the 90M share secondary last night that was priced at $24. The firm sees improving earnings visibility and a removal of the equity overhang for the upgrade. The firm has a $29 price target on the stock.
• Unilever (UL) was upgraded to neutral from underperform at Credit Suisse.
• Holly (HOC) was upgraded to buy from neutral at BofA/Merrill.
• Bebe Stores (BEBE) was upgraded to neutral from underperform at Cowen.
• Oppenheimer upgraded Monster Worldwide (MWW) to outperform from perform.

Cablevision Systems Corporation (CVC), first discussed here on May 29, 2009 at a price of $19.03, posted sub-par first quarter earnings per share of 26 cents -- the First Call estimate was 33 cents -- and the shares were hit hard. Even so, the view from here argues now may be a good time to scoop-up some CVC shares at a discount.

Look for CVC to post 2-4% telecom revenue growth in 2010, with better than 200,000 new revenue generating units. Cablevision's iDigital cable unit (2.9 million subscribers) and Optimum high-speed broadband service (2.6 million subscribers) should add enough subscribers to keep institutional investors happy. Further, DVR market share growth still has considerable upside, particularly given the company's strong presence in a lucrative market (New York City area).

Here are some highlights from this past week's earnings coverage on BloggingStocks:

• American International Group Inc. (AIG) said its Q1 earnings doubled, easily topping analysts' expectations.
• Cablevision Systems Corp. (CVC) said Q1 revenue grew, but disappointing earnings dragged down shares.
• Chevron Corp. (CVX) had strong Q1 earnings and boosted its dividend, but Gulf spill concerns weighed on shares.
• CVS Caremark Corp. (CVS) Q1 earnings topped consensus estimates but it also said same-store sales slipped.
• Freddie Mac (FRE) said its lost $8 billion in Q1, less than a year ago, and requested further bailout funds.

It was a sub-par first quarter for Cablevision Systems Corp. (CVC), which earned 26 cents per share from continuing operations. This is compared to the Thomson/Reuters First Call estimate of 33 cents, and not surprisingly, the shares were hit hard.

Cablevision's shares fell $1.82 or by 6.8% to $24.99 on Thursday at mid-day.

Cablevision's first quarter revenue rose 5.2% to $1.75 billion versus the First Call estimate of $1.73 billion. Cablevision earned 7 cents per share a year ago. CVC also increased its quarterly dividend by 25% to 12.5 cents per share, payable June 7 to shareholders of record on May 17.