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Fast Money Picks For April 7th (HES, ACL, LM, BBT)
Tuesday, April 6, 2010 - 6:31pm | 170CNBC Fast Money's Joe Terranova said on the show that he would buy Hess Corp. (NYSE: HES) on Wednesday. Hess Corp. (HES) closed today at $64.29. The stock traded flat and gained only 0.02%. Alcon, Inc. (NYSE: ACL) is one of Karen Finerman's favorite stocks. She recommends a long position in this...
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Top 5 Stocks In The Financial Sector With Highest ROE (ASA, LPHI, TYN, ALX, EV)
Tuesday, April 6, 2010 - 6:19am | 155Below are the top 5 financial stocks in terms of return on equity. The return on equity for ASA Limited (NYSE: ASA) is 65.85%. ASA’s forward annual dividend yield is 3.40%. The return on equity for Life Partners Holdings, Inc (NASDAQ: LPHI) is 54.89%. LPHI’s trailing-twelve-month operating margins...
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Barron’s; Credit Suisse Upbeat About Goldman Sachs And Charles Schwab (CS, GS, MS, BX, SCHW, STT)
Monday, April 5, 2010 - 4:02pm | 148In a recent report released by Credit Suisse (NYSE: CS), the bank has listed Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Blackstone (NYSE: BX) as its favorites. The report has stated the market volume improved during the first quarter, whereas investment banking continued to remain weak...
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AMP Initiated With Neutral By Goldman
Monday, April 5, 2010 - 9:42am | 48Analysts at Goldman initiate coverage of Ameriprise (NYSE: AMP) with a “neutral” rating. The price target for AMP is set to $40. Shares of AMP closed at $46.17 on Thursday. More Analyst Ratings here.
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BlackRock's Bob Doll: "Long Term Path of Least Resistance for Stocks Continues To Be Up"
Sunday, April 4, 2010 - 1:27pm | 1459By Dian L. Chu, Economic Forecasts & Opinions Bob Doll, Vice Chairman of BlackRock (BLK) appeared at CNBC on March 29 sharing his latest views with Ken Langone. BlackRock (BLK) became the largest money manager in the world last December after acquiring Barclays Global Investors, and now has ...
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AngioDynamics Beats Zacks Estimate - Analyst Blog
Thursday, April 1, 2010 - 2:16pm | 466AngioDynamics, Inc. (ANGO) recently reported third quarter fiscal 2010 earnings per share of 13 cents that beat the Zacks Consensus Estimate of 12 cents and the year-ago earnings of 8 cents. Sales Total revenues in the third quarter increased 6% year over year to $52.2 million. Peripheral...
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Fink Opposes Safety Net For Money Market Funds (BLK, JPM, GS)
Thursday, April 1, 2010 - 10:33am | 424Bloomberg reports that with the exception of Laurence Fink, chief executive officer of BlackRock, Inc. (NYSE: BLK), most of the big U.S. money-market fund providers have agreed in principle to a proposal for a safety net for the industry that manages investor funds amounting to $3 trillion....
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Benzinga’s Top Downgrades (EXAC, IN, CIR, BLK, WTNY)
Thursday, April 1, 2010 - 9:48am | 182Exactech Inc (NASDAQ: EXAC) was downgraded by Robert W Baird from “outperform” to “neutral.” EXAC’s shares gained 4.64% to $20.97. EXAC has a 52-week trading range of $11.12-$21.13. Robert W Baird downgraded Intermec (NYSE: IN) from “outperform” to “neutral.” IN’s shares lost 1.39% to $14.18. The...
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Company News for April 1, 2010 - Corporate Summary
Thursday, April 1, 2010 - 9:46am | 241• Research in Motion (NASDAQ:RIMM) reported fourth quarter adjusted earnings ex-items of $1.27, up from 90 cents pro-forma earnings reported a year ago, but one cent short of Zacks estimates of $1.28. Sales of $4.08 billion were ahead of year ago's $3.46 billion, but missed targets of $4.31...
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Benzinga’s Top Upgrades (JNS, MICC, SUPX, NENG, AYI)
Thursday, April 1, 2010 - 9:45am | 185Janus Capital Group Inc (NYSE: JNS) was upgraded by Keefe Bruyette from “market perform” to “outperform.” JNS’s shares have lost 1.11% to $14.29. The company’s shares have gained only 6.25% so far this year. JP Morgan upgraded Millicom International Cellular (NASDAQ: MICC) from “neutral” to “...
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ETFs Are More Than A Thorn In The Side Of Mutual Funds
Wednesday, March 31, 2010 - 1:32pm | 164A report by Jefferies issued today highlights the rapid growth of the U.S. ETF industry and says that growth is still in its nascent stages. As of 2009, ETFs represented just 6.4% of total mutual fund assets while ETFs represent the fastest growing product segment in the investment management arena...
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Benzinga’s Top Upgrades (KCAP, WLP, DOVR, DRIV, OZM)
Wednesday, March 31, 2010 - 9:49am | 255Kohlberg Capital Corporation (NASDAQ: KCAP) was upgraded by Stifel Nicolaus from “sell” to “hold.” KCAP’s shares closed at $5.51 yesterday. KCAP’s shares have gained 20.83% year-to-date. Read more about this company here. BMO Capital Markets upgraded WellPoint Inc (NYSE: WLP) from “market perform...
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Benzinga’s Top Downgrades (FDP , WPC, PSYS, SAI, ARMH)
Wednesday, March 31, 2010 - 9:47am | 251Fresh Del Monte Produce Inc (NYSE: FDP) was downgraded by Sun Trust Robinson Humphrey from “buy” to “neutral.” FDP closed at $20.92 yesterday. FDP has a 52-week trading range of $13.82-$24.77. Read more about this company here. Davenport downgraded WP Carey & Co LLC (NYSE: WPC) from “buy” to “...
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Fink Finally Gets Wilson On Board (BX, BLK, GS)
Tuesday, March 30, 2010 - 4:20pm | 337Bloomberg reports that Laurence D. Fink talks of the time in 1994 when he was unsuccessfully trying to convince Stephen A. Schwarzman, Blackstone’s (NYSE: BX) CEO, to sell BlackRock, Inc. (NYSE: BLK), Fink’s asset management business, to enable him to raise capital for pursuing growth. Ultimately...
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State Street Teams With Nuveen To Enhance Municipal Bond ETF Capabilities
Tuesday, March 30, 2010 - 11:47am | 1287State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT) today announced that it has entered into an agreement with Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, under which...