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The Blackstone Group (BX) Down 5%
Monday, May 24, 2010 - 5:30pm | 93Shares of The Blackstone Group (NYSE: BX) closed Monday trading down 5.15% at $10.50 per share. Volume of 4.9 million shares was slightly higher than the daily average volume of nearly 4.6 million shares. Shares of The Blackstone Group had a trading range of $10.47 to $10.98 per share. Goldman...
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Franklin Resources (BEN) Falls 5%
Monday, May 24, 2010 - 5:23pm | 106Shares of Franklin Resources, Inc (NYSE: BEN)closed Monday trading down 5.24% at $97.35 per share. Volume of 2.3 million shares was 1.72 times higher than the daily average volume of 1.4 million shares. The day's trading range for shares of Franklin Resources, Inc was between $97.24 and $101.46 per...
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Bull Targets Legg Mason
Monday, May 24, 2010 - 3:23pm | 141Shares of Legg Mason Inc. (NYSE: LM) are lower on the session by 0.60%, currently trading $29.96. The stock has been volatile as of late, though clearly showing a bullish trend. The stock has held the 200-day moving average during recent trading. One trader is making a levered bet on the name...
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Monitoring Put/Call Ratio 05-24-2010
Monday, May 24, 2010 - 2:45pm | 853Cusick’s Corner What a weekend -- the Hawks are going to the Stanley Cup (huge hockey fan, but I guess I have to be with 4 kids in travel hockey), had our first 90 degree day in Chicago and during the last 20 minutes of trading on Friday, the SPX decided to pop almost 20 points. This market...
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Goldman Sachs Adds BlackRock (BLK) To Conviction Buy List
Monday, May 24, 2010 - 12:08pm | 154Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham added shares of BlackRock Inc (NYSE: BLK) to their Conviction Buy List, with a price target of $200 per share. The analysts said that they believed that any concerns over potential growth for...
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Goldman Sachs Adds Northern Trust (NTRS) To Conviction Buy List
Monday, May 24, 2010 - 11:46am | 129Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham upgraded shares of Northern Trust Corporation (Nasdaq: NTRS) to Conviction List Buy. The analysts said that trust banks are equally levered in equity markets, interest rates and foreign exchange...
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Goldman Sachs Remains Positive On SunTrust Banks (STI)
Monday, May 24, 2010 - 11:10am | 156Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham maintained their Buy rating for shares of SunTrust Banks Inc (NYSE: STI) but removed it from their "Conviction List" and replaced it with Northern Trust Corporation (Nasdaq: NTRS). The analysts wrote...
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Company News for May 24, 2010 - Corporate Summary
Monday, May 24, 2010 - 9:36am | 185• Campbell Soup (NYSE:CPB) posted fiscal third quarter earnings of 54 cents a share, up from Zacks estimates of 51 cents versus break 48 cents a year earlier on inline revenues of $1.8 billion • IBM (NYSE:IBM) announced plans to buy Sterling Commerce from AT&T (NYSE:T) for $1.4 billion • ...
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Merger Arbitrage Mondays – May 24, 2010
Monday, May 24, 2010 - 6:46am | 4755The slowdown in merger announcements two weeks ago appears to have only been a temporary breather. For the first time since we launched this service in mid-March, we have seen seven new mergers announced in a single week. Besides the seven new all cash deals announced last week, we had one deal...
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Benzinga’s Top Downgrades (WEN, WDR, VLCM, RRGB, DWA)
Friday, May 21, 2010 - 1:37pm | 187Wendy's/Arby's Group Inc (NYSE: WEN) was downgraded by Argus from “buy” to “sell.” WEN’s shares fell 1.35% to $4.37 by 11:02 am. The PEG ratio of WEN is 25.49. Stifel Nicolaus downgraded Waddell & Reed Financial Inc (NYSE: WDR) from “buy” to “hold.” WDR’s shares plunged 1.45% to $29.31 by 11:02...
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Calls Sold in American Capital LTD (ACAS)
Friday, May 21, 2010 - 12:23pm | 95Shares of American Capital LTD (NASDAQ: ACAS) are trading higher today by over 9.00%, currently at $5.08. The stock has now bounced off of the 200-day moving average, which is a bullish sign. Options trading is favoring call selling today with the November $4 and $5 calls both sold on the bid 8,...
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Calls in Play on Blackrock (BLK)
Friday, May 21, 2010 - 10:17am | 104Shares of Blackrock Inc. (NYSE: BLK) are rising today by 1.35%, currently trading $162.26. The stock is trading significantly below the 50-day and 200-day moving average, though looks to be oversold and due for a bounce further. Traders are favoring calls in the name today with the $180. $185, and...
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Top 4 Small-Cap NASDAQ Stocks In The Financial Sector With The Highest Gross Profits (BPOP, SIGI, ACAS, IBKR)
Friday, May 21, 2010 - 6:38am | 145Below are the top 4 small-cap financial stocks on the NASDAQ in terms of gross profits. The trailing-twelve-month gross profits of Popular Inc (NASDAQ: BPOP) stand at $3.10 billion. B Riley upgraded BPOP from “neutral” to “buy.” The trailing-twelve-month gross profits of Selective Insurance Group...
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Michael Novogratz Says He’s Getting Short Commodities
Wednesday, May 19, 2010 - 11:52am | 231Michael Novogratz, Principal over at Fortress Investments (NYSE: FIG), a publicly traded hedge fund, was just interviewed by David Faber on CNBC. He expressed skepticism in the recent market run and suggested that they are slowly rotating their book toward the short side, especially in commodities...
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Fortress' Michael Novogratz Appears On CNBC (FIG)
Wednesday, May 19, 2010 - 11:31am | 113Fortress Investment Group (NYSE: FIG) hedge fund manager, Michael Novogratz appeared on CNBC this morning to talk with David Faber. Novogratz said that he is short commodities and short the Australian Dollar. He also said that over time uncertainty in the capital markets will impact growth around...