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Market Update – Boeing (NYSE:BA), Citigroup (NYSE:C), Palm (NASDAQ:PALM), Wells Fargo (NYSE:WFC)
Friday, March 19, 2010 - 10:16am | 967The concerns over the Greece debt situation are having an effect on the Euro’s trading price. The EU’s currency is having its worst week since January of this year. Investors have reacted conservatively after news that the Balkan state seems likely to seek a bailout from either the Eurozone or...
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Are You Game For GameStop (GME)?
Friday, March 19, 2010 - 9:49am | 286According to an article in Seeking Alpha, the valuation of GameStop (NYSE: GME) stock seems too good to be true. GameStop is the largest video game retail chain in the world, with 6,457 stores in 17 countries. GME sells video games, gaming hardware including the Xbox 360, PlayStation 3 and...
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Lehman Case Shows Audit Firms Still Putting Client’s Interest Ahead Of Investors (WMT, COP, TGT)
Thursday, March 18, 2010 - 7:10pm | 275Bloomberg reports that Ernst & Young’s auditing of Lehman Brothers’ (OTC: LEHMQ) accounts shows that audit firms still put clients interest ahead of those of investors. After the collapse of Enron and WorldCom, auditors had come under fire for their audit work at the companies, which had...
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Bank on Texas with Texas Capital Bancshares (NASDAQ:TCBI)
Thursday, March 18, 2010 - 1:38pm | 1002The black cloud hanging over the financial services sector for much of the past two years is beginning to evaporate. Financial stocks rallied recently, and wise investors are giving the sector a fresh look. We’ve discussed the financial sector at length, noting that successful stock-picking...
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Bank on Texas with Texas Capital Bancshares (NASDAQ:TCBI)
Thursday, March 18, 2010 - 1:38pm | 1002The black cloud hanging over the financial services sector for much of the past two years is beginning to evaporate. Financial stocks rallied recently, and wise investors are giving the sector a fresh look. We’ve discussed the financial sector at length, noting that successful stock-picking...
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USD Surges On Rumours Of Discount Rate Hike
Thursday, March 18, 2010 - 1:16pm | 592G10 Advancers and Decliners vs USD JPY -0.33 GBP -0.76 CHF -1.15 EUR -1.29 • Rumours of another hike to the US discount rate to be announced at 12:30 EST sent the USD surging; DXY up nearly 1% on day. • UK PSNCR (Feb) grew to 7.7bln from 4.681bln in Feb 09 (11.0bln...
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Top 5 NASDAQ Stocks In The Services Sector With The Highest Cash (NWSA, AMZN, EBAY, COST, LCAPA)
Thursday, March 18, 2010 - 11:02am | 248Below are the top services stocks on the NASDAQ in terms of cash. News Corporation (NASDAQ: NWSA) had $7.27 billion in total cash for the latest quarter. NWSA had a total debt of $15.28 billion for the same period. Read more about this company here. Amazon.com Inc (NASDAQ: AMZN) had $6.37 billion...
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Daily Futures Commentary March 18, 2010
Thursday, March 18, 2010 - 8:37am | 555Thursday, March 18, 2010 U.S. stock indices are trading flat overnight. Traders have largely ignored the weakness in the Euro over Greece concerns. This may mean that today’s menu of U.S. economic reports will have a bigger influence on stock prices. The first report is Weekly Initial Claims....
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WMT, INTC and HD Shine In Yesterday’s Session
Wednesday, March 17, 2010 - 6:29am | 368US stocks rallied yesterday after the Federal Reserve disclosed its plans to keep interest rates low for a longer time. The Dow Jones Industrial Average components that performed brilliantly during yesterday’s session are: Wal-Mart Stores (NYSE: WMT) touched a high of $56.27 during yesterday’s...
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Wal-Mart (WMT) Shares Jump On The Opening Of The 1000th Walmart MoneyCenter; Announcement Of Additional 500 Centers
Tuesday, March 16, 2010 - 3:25pm | 129Wal-Mart (NYSE: WMT) today was the pillar of strength for Dow Jones. WMT strode up by about 3% after the company confirmed that it plans to add Walmart MoneyCenters in 500 additional stores this year. The Walmart MoneyCenter offers solutions on basic money services, such as the Walmart MoneyCard,...
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Wal-Mart (WMT) scores an upgrade
Tuesday, March 16, 2010 - 10:08am | 1477Watch for … rising prices? An analyst with Citigroup expects an improving outlook in shares of Wal-Mart Stores (NYSE: WMT) and boosted the stock’s rating to “buy” from “hold.” Citigroup also upped its 12-month price target to $65 from $54. WMT closed at $53.90 on Friday but gained nearly 3% on...
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Company News for March 16, 2010 - Corporate Summary
Tuesday, March 16, 2010 - 10:00am | 226• UBS (NYSE:UBS) upgraded Starbucks (NASDAQ:SBUX) to "buy" from "neutral" with a $29 price target • Goldman Sachs (NYSE:GS) upgraded Coventry Health Care (NYSE:CVH) to "neutral" and removed the shares from its Conviction Sell List, noting in-line valuation levels • Piper Jaffray (NYSE:PJC) upgraded...
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Stock Market News for March 16, 2010 - Market News
Tuesday, March 16, 2010 - 9:58am | 426Nagging worries about the world economy kept buyers from making big moves yesterday but stocks managed to inch higher towards the close as Wal-Mart shares received a Citigroup analyst upgrade and financials strengthened after Christopher Dodd’s unveiling of a less-harsher-than-anticipated...
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Top Performing Industries For March 15 (IKNX, WMT, THC, BBW, PHMD)
Monday, March 15, 2010 - 4:08pm | 337At 2:13 p.m., Dow lost 17.15, or 0.16%, to 10,607.54, while the broader Standard & Poor's 500 index dipped 4.00, or 0.35%, to 1,145.99. The Nasdaq composite index moved down 14.24, or 0.60%, to 2,353.42. The industries that are driving the market today are: Photographic Equipment & Supplies...
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Wal-Mart Stores (WMT) Starts Gaining On Hopes Of Early Recovery in Consumer Spending
Monday, March 15, 2010 - 2:52pm | 130Dow constituent Wal-Mart Stores (NYSE: WMT) gained close to 2.75% to scale to a level of $55.36 by early afternoon trading on Monday. The largest retail discount chain store in the world started with the session a gap-up opening after Wal-Mart Stores (WMT) was raised upgraded to “buy” from “hold”...