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Keefe Bruyette Ups BLK To Outperform
Tuesday, June 29, 2010 - 6:06am | 52Analysts at Keefe Bruyette upgrade Blackrock Inc (NYSE: BLK) from "market perform" to "outperform." The target price for BLK has been reduced from $230 to $190. BLK’s shares fell 0.13% to close at $152.14 yesterday. More Analyst Ratings here
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Downside Purchased on Alkermes Inc. (ALKS)
Monday, June 28, 2010 - 1:00pm | 156Shares of Alkermes Inc. (NASDAQ: ALKS) are lower on the session by 1.45%, currently trading at $12.90. The stock has been running largely higher over the past six months and is nearing its recent highs. Options traders are buying protection today, though. The November $10 put was purchased 6,000...
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(Canada) BlackRock Announces a Special Meeting to Approve Changes to iShares® S&P/TSX Income Trust Index Fund (XTR)
Friday, June 25, 2010 - 3:04pm | 192BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect subsidiary of BlackRock, Inc. (NYSE:BLK), announced today that it has called a special meeting of unitholders of(...)Read the rest of (Canada) BlackRock Announces a Special Meeting to Approve Changes to iShares® S&P/TSX...
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Another Pipeline Setback for Pfizer - Analyst Blog
Friday, June 25, 2010 - 2:24pm | 444Recently, Pfizer Inc. (PFE) halted studies being conducted with pipeline candidate tanezumab, which is being developed for the treatment of patients suffering from osteoarthritis. The global suspension comes in the wake of the FDA's request to the pharma major to stop the osteoarthritis clinical...
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Bank Stocks Surge Ahead As Lawmakers Agree On Less Stringent Banking Reforms
Friday, June 25, 2010 - 12:36pm | 216Following a deal reached by lawmakers regarding new legislation for governing the financial services sector, shares of several financial companies surged today. In the talks that ended early today, lawmakers agreed on several proposed rules that were less stringent than was feared by people. The...
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Calls Purchased on State Street (STT)
Friday, June 25, 2010 - 10:44am | 117Shares of State Street Corp. (NYSE: STT) are higher on the session by 2.50%, currently trading at $35.67. The stock has been running largely lower over the past two months and is now trading below both the 50-day and 200-day moving averages. Options traders are picking up some calls on the name...
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June 24, 2010: 21 Large Cap/Low PE Stocks
Thursday, June 24, 2010 - 7:02pm | 224Occasionally, investors shake the tree with a broad screen to see what securities fall to the ground. Today,I programmed a Standard and Poors Large Cap screen. The following large cap ($10-50b) securities have a four or five star S&P rating coupled with a low PE and PEG valuations. For brevity...
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Citi Maintains A Buy Rating On Affiliated Managers Group (AMG)
Thursday, June 24, 2010 - 6:46pm | 86Citi has maintained a Buy rating on Affiliated Managers Group (NYSE: AMG), with a price target of $100. Affiliated Managers Group, Inc. (AMG) is a global asset management company with equity investments in a group of boutique investment management firms (its Affiliates). According to Citi, the...
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Put Spread Purchased on Northern Trust Corp. (NTRS)
Thursday, June 24, 2010 - 1:39pm | 151Shares of Northern Trust Corp. (NASDAQ: NTRS) are lower on the session by 1.16%, currently trading at $47.89. The stock has been drifting lower for the past three months and is now in a technical downtrend. The stock is nearing its 52-week low. Options traders are bracing for more downside in NTRS...
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Financial Stocks Are Mixed Today
Tuesday, June 22, 2010 - 3:20pm | 288The financial sector remained volatile today, led by mixed housing market data. Followed by losses in early trading hours, the sector witnessed gains for some time, only to lose some of its steam as the session advanced. Existing-home sales recorded a surprise drop in May. However, another...
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A Peek Into The Market Before Trading Starts
Tuesday, June 22, 2010 - 10:02am | 373Pre-open movers US stock futures fell today, as investors remain concerned over the financial health of the European banks just prior to the start of the Federal Reserve’s two-day meeting to set interest rates. A Peek Into the Global Markets All European markets have opened in the red today,...
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Mad Money Lightning Round: Joy Global Is A Screaming Buy, Says Cramer
Tuesday, June 22, 2010 - 8:56am | 249In his "Mad Money Lightning Round" on Monday, Jim Cramer strongly recommended selling Motorola (NYSE: MOT). He said he had no idea of how the stock is splitting up and advised investors to stay clear. After closing at $7.17 yesterday, MOT rose 1.91% to $7.31 in the after-hours session. Cramer...
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Citigroup Reaffirms Buy Rating on Alliance Bernstein (AB)
Monday, June 21, 2010 - 10:00am | 276Citigroup is out with a research report this morning, where they reiterate their Buy rating on shares of Alliance Bernstein Holding LP (NYSE: AB); they have a price target of $32.00 on the stock. Citi analysts noted, “Following the recently announced Dynamic Asset Allocation (DAA) sub-advisory...
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Benzinga’s Top Pre-Market Losers (AFFY, PSEC, PPL, TJX)
Monday, June 21, 2010 - 8:38am | 161Affymax Inc (NASDAQ: AFFY) tumbled 52.46% to $ $10.94 in the pre-market session. AFFY’s experimental drug for treating patients suffering from anemia with chronic renal failure has achieved its target in four late-stage studies. Prospect Capital Corporation (NASDAQ: PSEC) lost 5.24% to $10.30 in...
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Goldman Sachs Reiterates Buy Rating on Invesco (IVZ)
Friday, June 18, 2010 - 9:55am | 169Goldman Sachs is out with an investor note this morning, where they reiterate their Buy rating on shares of Invesco LTD (NYSE: IVZ); they have a $24 price target on the stock. GS analysts said, “We are reinstating our view on IVZ with a Buy rating and a $24 12-month P/E based price target, which...