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More Americans are wealthier, whether from a successful IPO or a 401(k). And CNBC's Jim Cramer said that it makes sense to invest those gains in stocks.
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More Americans are wealthier, whether from a successful IPO or a 401(k). And CNBC's Jim Cramer said that it makes sense to invest those gains in stocks.
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*Google music streaming service costlier than Pandora. SAN FRANCISCO, May 15- Google Inc launched a music service on Wednesday that allows users to listen to unlimited songs for $9.99 a month, challenging smaller companies like Pandora and Spotify in the market for streaming music.
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In the past 3 months Groupon has gained more than 15% and Yelp has surged more than 40%. What should you make of the moves?
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*Cantor Fitzgerald raises price target to $30 from $27; rating buy. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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Guidance from LinkedIn caused a big drop in the company's stock price on Friday morning, but CNBC's Jim Cramer said it has created a great buying opportunity.
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Stocks finished near session highs Thursday, propelling the S&P 500 to a fresh intraday high, as Wall Street cheered a better-than-expected jobless claims report and after the European Central Bank cut its key interest rate.
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**APPLE INC, $447.94, up 2 pct. William Blair& Co analyst Anil Doradla said the bond oversubscription showed investor confidence in Apple, adding that shareholders will get these benefits, and that capital allocation is driving the shares up. **AVEO PHARMACEUTICALS INC, $2.69, down 49 pct.
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A focus on mobile technology will separate the haves from the have-nots and the "tipping point" in the space has already happened, said Silicon Valley insider Dan Rosenswieg.
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**GENERAL MOTORS CO, $31.5, up 4 pct. **VISA INC, $170.8, up 3 pct. **FACEBOOK INC, $28.17, up 3 pct.
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*Credit Suisse raises target price to $34 from $25; rating outperform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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**GENERAL MOTORS CO, $31.5, up 4 pct. **VISA INC, $170.8, up 3 pct. **FACEBOOK INC, $28.17, up 3 pct.
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Facebook's first quarter earnings were "amazing" and demonstrated that the company has finally figured out its mobile strategy, CNBC's Jim Cramer says.
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*Macquarie raises price target to $29 from $25. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Cantor Fitzgerald raises price target to $30 from $27; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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Wall Street was set to open slightly higher Thursday as an interest rate cut from the European Central Bank and better-than-expected weekly jobless claims data in the U.S. boosted investors' appetite for risky assets. **GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **VISA INC, Wednesday close $166.02, up 3 pct premarket.
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*Wunderlich Securities raises target price to $30 from $22; rating hold. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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**GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **SEAGATE TECHNOLOGY, Wednesday close $36.94, up 4 pct premarket. **FACEBOOK INC, Wednesday close $27.43, up 2 pct premarket.
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*Oppenheimer raises price target to $30 from $25; rating perform. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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**GENERAL MOTORS CO, Wednesday close $30.18. **MANULIFE FINANCIAL CORP, Wednesday close $14.65. **ACTAVIS INC, Wednesday close $104.39.
