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Citi Rates Invesco (IVZ) A Medium Risk
Monday, June 7, 2010 - 1:34pm | 196Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Invesco Ltd (NYSE: IVZ) a Medium Risk, with a price target of $25 per share. The analysts said that the Invesco Ltd price target of 15 x target P/E was in line with the company's peers. They said that...
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Anthony Scaramucci Sees Correlation Between XLF And S&P 500
Friday, June 4, 2010 - 6:44pm | 141Anthony Scaramucci said on CNBC's Fast Money that there is a correlation between S&P 500 and Financial Select Sector SPDR (ETF) (NYSE: XLF). He believes that uncertainty regarding financial regulation is a reason for this correlation. Scaramucci added that correlation won't end before two...
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Benzinga’s Top Downgrades (ACAS, EVVV, NVDA, CWTR, FTE)
Thursday, June 3, 2010 - 10:00am | 186American Capital Ltd (NASDAQ: ACAS) was downgraded by Stifel Nicolaus from “hold” to “sell.” ACAS’ shares closed at $5.22 yesterday. American Capital’s earnings fell 33.58% over the past 5-years. Dougherty & Company downgraded ev3 Inc (NASDAQ: EVVV) from “buy” to “neutral.” EVVV’s shares closed...
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Top Analyst Upgrades and Downgrades (ALXN, ACAS, ATHN, BCSI, CERN, SCHW, CL, FMCN, NVDA, PG, RVBD)
Thursday, June 3, 2010 - 8:29am | 382These are this Thursday morning’s top analyst upgrades, downgrades and initiations seen from Wall Street research calls: Alexion Pharmaceuticals (NASDAQ: ALXN) Raised to Outperform at Oppenheimer. American Capital, Ltd. (NASDAQ: ACAS) Cut to Sell at Stifel Nicolaus. Athenahealth, Inc. (NASDAQ: ATHN...
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INSIDERS CONTINUE BUYING THE DIP
Thursday, June 3, 2010 - 1:27am | 190As we noted last week insider buying has jumped in recent weeks as stocks have swooned and insider’s have taken advantage of the downturn. The recent spat of buying was the largest weekly buying since the depths of credit crisis near the market lows in 2008. Insiders bought $31MM worth of stock...
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Puts Rolled Lower on Janus (JNS)
Wednesday, June 2, 2010 - 11:47am | 151Shares of Janus Capital Group (NYSE: JNS) are currently trading higher on the session by 0.60%, at $10.14. The stock fallen off of a cliff as of late, off from a recent high of $15.72. A put position is being rolled lower name today with the December $15 put sold nearly 1,000 times for $5.18 and...
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A Look Under The Hood: PowerShares Private Equity ETF
Tuesday, June 1, 2010 - 3:21pm | 295After a little break induced by the financial crisis, private equity appears to be on its way back. Take a look at the headlines involving the auction for Radio Shack (NYSE: RSH) and you'll see a variety of private equity titans standing by ready to acquire the electronics retailer. M&A...
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News Summary
Tuesday, June 1, 2010 - 12:45pm | 361In China, striking workers who have paralyzed Honda Motor Company’s (NYSE: HMC) production lines have been offered a 24% pay hike and benefits by the company. However, production at Chinese plants will remain halted till at least June 3 as some holdouts are still not satisfied. The walkout at Honda...
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State Street May Win From Finance Overhaul
Tuesday, June 1, 2010 - 10:18am | 151Custodian bank and asset manager State Street (NYSE: STT) could be a winner under a congressional plan to implement the most sweeping financial reform package in decades. Along with Bank of New York Mellon (NYSE: BK), Northern Trust (Nasdaq: NTRS) and JPMorgan Chase (NYSE: JPM), State Street has a...
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Cephalon Seeing Bullish Options Trades (CEPH)
Friday, May 28, 2010 - 12:53pm | 154Shares of Cephalon Inc. (NASDAQ: CEPH) are higher on the session by 0.95%, currently trading $59.26. The stock is moving higher on higher than normal volume today, as it has already surpassed 1.2x the average daily volume by mid-day. CEPH has been cascading lower over the past two months, but...
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Citigroup Reiterates Buy Rating on Och-Ziff (OZM)
Friday, May 28, 2010 - 9:38am | 216Citigroup is out with an analyst note this morning that is reiterating their Buy/High Risk rating on shares of Och-Ziff Capital Management (NYSE: OZM). They have a price target of $22.00 on the stock. Citi analysts said that “we see the recent price weakness as an enhanced buying opportunity given...
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Volume Weak 05-27-2010
Thursday, May 27, 2010 - 6:22pm | 810Cusick’s Corner This was a nice move to the upside, but a key component was missing -- volume. Today’s upside move had very little volume support, probably due to lack of fund buying. This is contradictory to recent downside moves which had very strong volume, most likely due to fund...
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Study Shows 60% of High-Net-Worth Investors Believe Advisors Can Help Them Navigate Difficult Markets
Thursday, May 27, 2010 - 6:17pm | 224BlackRock, Inc. (NYSE: BLK) recently released a study conducted by its iShares exchange traded fund business in Canada that showed the majority of high-net-worth (HNW)(1) investors rely on(...)Read the rest of Study Shows 60% of High-Net-Worth Investors Believe Advisors Can Help Them Navigate...
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JP Morgan Maintains Neutral Rating On Northern Trust Corporation (NTRS)
Thursday, May 27, 2010 - 3:45pm | 105Analysts at JP Morgan have released an update on Northern Trust Corporation (NASDAQ: NTRS). During its investor day, Northern Trust discussed near and long term earnings growth drivers. In the near-term, earnings growth should benefit from turmoil in Europe in F/X trading revenues and to some...
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Puts Sold on State Street (STT)
Thursday, May 27, 2010 - 3:16pm | 126Shares of State Street Corp. (NYSE: STT) are higher on the session by 1.65%, currently trading $38.92. The stock has been falling off a cliff as of late and is trading well below the 50-day and 200-day moving averages. It has broken through the $40 support level, which is notably bearish. One...