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Stock Market News for July 19, 2010 - Market News
Monday, July 19, 2010 - 9:46am | 497Consumers’ growing pessimism about the economic recovery shook investors’ confidence on Friday, sending major averages off at least 2%, even as some companies reported better-than-anticipated quarterly numbers. Financials led on the downside after some big names from the sector posted weaker-than-...
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The New York Fed Suggests Taxing the Rich to Save State Budgets
Thursday, July 15, 2010 - 1:18pm | 747The New York Fed Suggests Taxing the Rich to Save State Budgets Courtesy of Jr. Deputy Accountant I had no idea the NY Fed was populated with wealth-hating liberals. Shows what I know. Bloomberg: Federal Reserve Bank of New York researchers said states facing budget deficits should consider...
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Ahead of Earnings, State Street Corp. is 'Top Pick': Citi (STT)
Thursday, July 15, 2010 - 8:35am | 129Ahead of its 2Q earnings announcement, Citi reiterated its "Top Pick" status on State Street Corporation (NYSE: STT) this morning. Citi analysts believe State Street "will report sequential improvement in core earnings." State Street Corporation is a financial holding company. Citi maintains a Buy...
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KKR: Why Gabelli is Bullish
Thursday, July 15, 2010 - 8:19am | 448NEW YORK (TheStreet) -- When KKR & Co. becomes a New York Stock Exchange-listed company later today among the shareholders will be well-known investor Mario Gabelli. Gabelli, Chairman, CEO and CIO of Gamco Investors (NYSE: GBL), says he has known KKR co-founder Henry Kravis since 1979, when...
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ANGO Expands Smart Port CT - Analyst Blog
Tuesday, July 13, 2010 - 3:54pm | 542Therapeutic and diagnostic devices maker AngioDynamics (ANGO) has reported worldwide expansion of its Smart Port CT family of power-injectable ports. The company has added mini and low-profile models of the device for common treatments such as chemotherapy and use with computed tomography (CT), a...
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Market Roundup (F, BX, CVX, STXS)
Tuesday, July 13, 2010 - 1:46pm | 242Ford (NYSE: F) has selected LG Chemical as the supplier of lithium-ion batteries for its Ford Focus Electric. Focus Electric is an all-electric version of one of its top sellers and will be available in the market in 2011. GSO Capital Partners, the credit unit of Blackstone (NYSE: BX), has raised...
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Afternoon Market Update (C, ZION, IVZ)
Tuesday, July 13, 2010 - 12:53pm | 205US top financial stocks are rising on strong earnings forecast. The top gainers in the sector are Invesco Ltd (NYSE: IVZ) and Zions Bancorporation (NASDAQ: ZION). Citigroup Inc (NYSE: C) also gained after news of the company divesting certain investment businesses hit the market. C now wants to...
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William Blair & Co. Raises Estimates on Franklin Resources (BEN)
Tuesday, July 13, 2010 - 9:35am | 203William Blair & Co. is out with a research report this morning, where it reiterates its Outperform rating on shares of Franklin Resources Inc. (NYSE: BEN); it also raised earnings estimates for the company. The WBC analysts said, “As of June 30, 2010, total assets under management were $570.5...
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A Peek Into The Market Before The Opening Bell
Tuesday, July 13, 2010 - 9:09am | 473Pre-open movers US stock futures moved up today as investor sentiments improved after Alcoa (NYSE: AA) announced positive results for the second quarter. While futures on the Dow Jones Industrial Average gained 53 points to 10234, those on the S&P 500 moved up 7.1 points to 1083.7. Meanwhile,...
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Seeing 'Good Value,' KBW Raises Blackstone Group Price Target (BX)
Tuesday, July 13, 2010 - 8:33am | 109Keefe, Bruyette & Woods Inc., seeing "good value" in shares of The Blackstone Group (NYSE: BX), raised its price target this morning. KBW, which maintains an Outperform rating on The Blackstone Group, raised its price target to $18.50 from $17. Keefe, Bruyette & Woods analysts contend that...
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Mad Money Lightning Round OT (FLEX, JBL, AB, DNDN)
Monday, July 12, 2010 - 8:03pm | 204On CNBC's Mad Money, Jim Cramer said that he is a buyer of Flextronics International Ltd. (NASDAQ: FLEX). He added that he prefers Jabil Circuit, Inc. (NYSE: JBL), but FLEX is also good. Flextronics (FLEX) gained 1.32% today, and closed at $6.15, while Jabil (JBL) jumped 0.79%. AllianceBernstein...
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US Stock Futures Indicate Troubled Day For Broader Market
Friday, July 9, 2010 - 8:25am | 261US stock-index futures seesawed between gains and losses today, indicating a troubled day for broader market after a three-day rally. While futures on Dow Jones Industrial Average lost 7 points, those on S&P 500 added a half point to 1,067.50. Meanwhile, Nasdaq 100 futures slipped a quarter...
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What's Hot on TheStreet (AAPL, GOOG, STT, JPM, WFC, BAC)
Thursday, July 8, 2010 - 12:47pm | 316Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Google Streams Over Apple's Wall It's war. Google Inc. (NASDAQ: GOOG)'s mobile Web versus Apple Inc. (NASDAQ: AAPL)'s mobile apps. And the battle is heating up as a new YouTube video streaming site attempts to...
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Google: Analysts' Upgrades, Downgrades
Thursday, July 8, 2010 - 10:41am | 327NEW YORK (TheStreet) -- CHANGE IN RATINGS Anadarko Petroleum (NYSE: APC) rated new Buy at Pritchard Capital. $72 price target. Company has a strong portfolio of domestic onshore assets. CR Bard (NYSE: BCR) upgraded at Morgan Joseph from Hold to Buy. $97 price target. Company's buyback program...
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Stock Market News for July 8, 2010 - Market News
Thursday, July 8, 2010 - 9:42am | 596Stocks rallied sharply on Wednesday, building on to Tuesday’s modest gains, as a better-than-expected earnings outlook from State Street fueled optimism about the approaching earnings season. The Dow Jones industrial average rallied 275 points, closing above the 10,000 threshold for the first time...