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Benzinga’s Top Downgrades (CKR, IVZ, PWR, CPL, BSMD)
Thursday, May 27, 2010 - 10:00am | 183CKE Restaurants (NYSE: CKR) was downgraded by Roth Capital from “hold” to “sell.” CKR’s shares closed at $12.29 yesterday. CKE Restaurants’ quarterly sales fell by 4.80%. Ticonderoga downgraded Invesco Plc (NYSE: IVZ) from “buy” to “hold.” IVZ’s shares closed at $18.41 yesterday. Invesco’s earnings...
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Fast Money Final Trades For Thursday May 27 (VIP, BK, PM, MCO)
Wednesday, May 26, 2010 - 9:01pm | 83The Fast Money Traders gave the following trades for Thursday May 27th on tonight's show. Tim Seymour suggests going long Vimpel-Communications (NYSE: VIP). Joe Terranova likes Bank of New York Mellon (NYSE: BK). Karen Finerman recommends going long Philip Morris (NYSE: PM). Jon Najarian says Moody...
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Fast Money Picks For May 27th (BK, PM, MCO, VIP)
Wednesday, May 26, 2010 - 6:51pm | 221On CNBC's Fast Money, Tim Seymour said that Vimpel-Communications (ADR) (NYSE: VIP) had some good numbers and suggested a long position in this stock. Vimpel-Communications (ADR) (VIP) gained 2.09% today. Joe Terranova recommended a long position in The Bank of New York Mellon Corporation (NYSE: BK...
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Bulls Target Cephalon (CEPH)
Wednesday, May 26, 2010 - 1:09pm | 122Shares of Cephalon Inc. (NASDAQ: CEPH) are higher on the session by 1.38%, currently trading $57.92. The stock has been drifting lower for the better part of two months, falling from a recent high of $72.87. The stock is trading below the 50-day and 200-day moving averages. I am seeing strong call...
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BW: The Machines that Ate the Market
Wednesday, May 26, 2010 - 12:41pm | 1103BusinessWeek has a nice in depth (and balanced) story on high frequency trading that intertwines the history of 'the machines' and how we got here from "there" (there being 15 years ago), with the events of May 6th. Perhaps a Cliff Notes version of Scott Patterson's book on HAL9000. [Feb 12,...
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iShares Announces Launch of iShares MSCI Poland Exchange Traded Fund
Wednesday, May 26, 2010 - 11:43am | 137BlackRock, Inc. (NYSE: BLK) today announced that the iShares Exchange Traded Funds (ETFs) business, the world’s largest provider of ETFs, launched the iShares MSCI Poland Investable Market(...)Read the rest of iShares Announces Launch of iShares MSCI Poland Exchange Traded Fund Copyright 2010...
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Company News for May 26, 2010 - Corporate Summary
Wednesday, May 26, 2010 - 9:51am | 195• Toll Brothers (NYSE:TOL) reported a fiscal second quarter loss of 24 cents a share, in-line with Zacks estimates, versus a 52 cent loss a year earlier on revenues of $311.3 million, below Zacks projections of $314 million • Solarfun (NASDAQ:SOLF) reported earnings of 40 cents a share, well above...
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Jefferies & Company, Inc. Initiates Coverage Of Bank Of New York Mellon Corporation (BK) With Buy Rating
Tuesday, May 25, 2010 - 12:07pm | 84Analysts at Jefferies & Company, Inc. have initiated coverage of Bank of New York Mellon Corporation (NYSE: BK) with Buy rating. The price target for the company has been set at $35. Analysts believe that Bank of New York Mellon represents a compelling combination of value and growth. Analysts...
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Jefferies & Company, Inc. Initiates Coverage Of State Street Corporation (STT) With Hold Rating
Tuesday, May 25, 2010 - 12:05pm | 80Analysts Daniel T. Fannon and Todd Solomon at Jefferies & Company, Inc. have initiated coverage of State Street Corporation (NYSE: STT) with Hold rating. The price target for the company has been set at $42. Analysts believe that State Street is a premium brand within financial services....
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Jefferies & Company, Inc. Initiates Coverage Of Northern Trust Corporation (NTRS) With Hold Rating
Tuesday, May 25, 2010 - 9:55am | 88Analysts Daniel T. Fannon and Todd Solomon at Jefferies & Company, Inc. have initiated coverage of Northern Trust Corporation (NASDAQ: NTRS) with Hold rating. Analysts view Northern Trust as a high-quality company, with a track record of consistent growth and steady returns. Analysts believe...
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Top Analyst Upgrades and Downgrades (AIXG, BK, COCO, EMC, GILD, MIR, MUR, NBG, NTAP, PNC, RRI, LCC, WERN)
Tuesday, May 25, 2010 - 8:20am | 384By Heather Horn Reports on U.S.-China talks are interpreting Chinese President Hu Jintao’s statements as a positive sign of the country’s willingness to revalue the yuan. While he made no firm commitments, Hu stated that China would move “steadily” toward exchange-rate reform. If China did move in...
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Top 4 Mid-Cap NASDAQ Stocks In The Financial Sector With The Highest Gross Margins (ARCC, ETFC, SEIC, ERIE)
Tuesday, May 25, 2010 - 6:30am | 143Below are the top 4 mid-cap financial stocks on the NASDAQ in terms of gross margins. The trailing-twelve-month gross margins of Ares Capital Corp (NASDAQ: ARCC) is 99.99%. ARCC’s quarterly earnings grew by 118.10% year-over-year. The trailing-twelve-month gross margins of E*TRADE Financial Corp (...
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BlackRock (BLK) Shares Fall Nearly 3%
Monday, May 24, 2010 - 8:30pm | 98Shares of Shares of BlackRock Inc (NYSE: BLK) closed Monday trading down nearly 3% at $161.96 per share. Volume of 586,313 shares was slightly less than the daily average volume of 625,164 shares. Shares of BlackRock Inc had a trading range of $161.95 to $169.68 per share. The fall in share price...
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Calamos Asset Management (CLMS) Drops 8%
Monday, May 24, 2010 - 5:49pm | 109Shares of Calamos Asset Management Inc (Nasdaq: CLMS) closed Monday trading down 7.89% at $10.98 per share. Volume of 163,771 shares was slightly higher than the daily average volume of 152,355 shares. The day's trading range for shares of Calamos Asset Management Inc was between $10.98 and $11.56...
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Janus Capital Group (JNS) Drops More than 7%
Monday, May 24, 2010 - 5:40pm | 116Shares of Janus Capital Group Inc (NYSE: JNS) closed Monday trading down 7.48% at $10.51 per share. Volume of nearly 7 million shares was more than double the daily average volume of 3.3 million shares. Shares of Janus Capital Group Inc traded between $10.51 and $11.12 per share during the trading...