-
News Summary
Thursday, July 1, 2010 - 12:05pm | 248Returns from the bond market are now beating those from the equity market by the widest margin since 2001. The optimism with which investors had welcomed the year seems to have evaporated and they are now questioning the strength of recovery in the economy. According to senior investment officer...
-
Company News for July 1, 2010 - Corporate Summary
Thursday, July 1, 2010 - 10:27am | 186• Yahoo (NASDAQ: YHOO) said its board authorized a new $3 billion share buyback program for the next three years • Wedbush initiated coverage of Pegasystems (NASDAQ: PEGA) with an "outperform" rating and a $40 price target • S&P lifted its rating on Tupperware Brands (NYSE: TUP) to BBB-, with a...
-
Stock Market News for July 1, 2010 - Market News
Thursday, July 1, 2010 - 9:42am | 446The final day of the second quarter witnessed choppy trading and stocks fell sharply, drawing curtains on the worst second quarter since 2002. It was another late-day retreat yesterday as investors tried to balance sentiments between an improved European bank outlook and a weak jobs report. Major...
-
Mad Money Lightning Round OT Recap (WAL, CYN, TRW, AKS)
Wednesday, June 30, 2010 - 8:11pm | 161Jim Cramer said on CNBC's Mad Money that he prefers City National Corporation (NYSE: CYN) instead of Western Alliance Bancorporation (NYSE: WAL). City National Corporation (CYN) fell 2.21%, and Western Alliance (WAL) dropped 3.63% today. TRW Automotive Holdings Corp. (NYSE: TRW) should be bought in...
-
Wednesday’s Options Volume Leaders (C, BP, AAPL, F, BAC, SPY)
Wednesday, June 30, 2010 - 5:15pm | 155The market initiated another sell off this afternoon; the S&P 500 ended down 10.50 points at 1,030. Breaking the 1,040 level, which was a key support level, is a significant sign that this market could be in for another bear move lower, perhaps after a relief rally, but down nonetheless....
-
Q2 Wrap Up Holding Market Steady 06-30-2010
Wednesday, June 30, 2010 - 3:04pm | 847Cusick’s Corner The bulls are trying to build some momentum into the Midday, looking to get out of this oversold segment and push into the green. This has been challenged, with the shorts just pounding back these bulls, so watch the 1042 level on the SPX to hold if the long side is going to have...
-
A Peek Into The Market At The Start Of The Trading Day
Wednesday, June 30, 2010 - 1:21pm | 414Pre-open After gaining in early morning, US stock futures faltered after the release of the disappointing private payrolls data. The payrolls data overshadowed the positive news from European Central Bank. A Peek Into Global Markets European markets are mixed. While the Stoxx Europe 600 fell 0.03...
-
Goldman Sachs is Bullish on Berkshire (BRK.B)
Wednesday, June 30, 2010 - 8:07am | 1856Tuesday morning, Goldman Sachs initiated coverage on Warren Buffett’s Berkshire Hathaway – the “B” or “Baby Berkshire” class – (NYSE:BRK.B) with a buy rating. Becoming only the third brokerage firm to follow the shares (and the first to name it a buy), Goldman opined, “The disconnect between the...
-
Fast Money Picks For June 29th (XLF, VALE, F, TLAB)
Monday, June 28, 2010 - 6:32pm | 201On CNBC's Fast Money Final Trade, Brian Kelly said that he wants to take a short position in Financial Select Sector SPDR (ETF) (NYSE: XLF). He believes that the yield curve is not as steep as it once was. Financial Select Sector SPDR (ETF) (XLF) fell 0.92% today, and closed at $14.50. Tim Seymour...
-
A Peek Into The Market At The Start Of The Trading Day
Monday, June 28, 2010 - 9:04am | 394Pre-open US stock futures moved up modestly today after the Group of 20 leaders pledged to reduce their government deficit by half by the year 2013. While futures on the Dow Jones Industrial Average added 28 points to 10,132, those on the S&P 500 gained 4.30 points to 1,079. Meanwhile, Nasdaq...
-
The Benzinga Daily Reading List
Friday, June 25, 2010 - 12:45pm | 163Here's what Benzinga's around the web today. The Benzinga Daily Reading List Can Ford Motor Company (NYSE: F) step up to the plate in the global markets? (24/7 Wall St.) Charles Wallace sheds light on the financial reform bill. (Daily Finance) 2010's most anticipated IPO. Start your engines. (...
-
BW: CGM Focus's (CGMFX) Ken Heebner - a Hot Touch Gone Cold
Friday, June 25, 2010 - 11:03am | 1956It is amazing what a few years will do to you. Not 2 years ago Ken Heebner of CGM Funds was the most celebrated mutual fund manager since Peter Lynch. [May 28, 2008: Ken Heebner - America's Hottest Investor] His mad dash concentrated style broke the mold in a staid profession. [May 6, 2008:...
-
Waiting on Fed Number 06-23-2010
Wednesday, June 23, 2010 - 3:09pm | 723Cusick’s Corner The market was not happy with the housing data but has retraced the bulk of the pullback into the Midday. Some felt that the action this morning was also flow over from the pullback into the After Hours yesterday, but that pullback was light in volume and buyers are sitting out...
-
Company News for June 22, 2010 - Corporate Summary
Tuesday, June 22, 2010 - 9:51am | 197• Walgreen (NYSE:WAG) posted a fiscal third quarter earnings of 53 cents a shares, 4 cents below Zacks projections. Revenues of $17.2 billion, a 6.1% increase, were above Zacks estimates of $17.1 billion • Intel (NASDAQ:INTC) and the FTC are reportedly in talks over a possible antitrust settlement...
-
Bullish and Bearish Option Strategies for First Solar (NASDAQ:FSLR)
Friday, June 18, 2010 - 8:58am | 1802Thursday morning, Credit Suisse lifted its rating on First Solar (NASDAQ:FSLR) to “outperform” from “neutral,” which is essentially raising a “hold” rating to a “buy.” The firm also bumped the 12-month price target to $150 from $110.20. Credit Suisse analysts expressed that the upside in pricing...