-
Bookkeeping: Closing Blackstone Group (BX), Morgan Stanley China A Share Fund (CAF)
Friday, December 18, 2009 - 3:15pm | 640Closing two more positions as "winter cleaning" is in full effect We're taking our $330 position in Blackstone Group (BX) and going home! This position, one of our really nice winners in 2009, was cut back severely at the end of November once chart support was broken, and has done nothing since. ...
-
Moynihan New Bank Of America CEO, Government Opinion Turns Tide In His Favor (BAC, BK)
Friday, December 18, 2009 - 1:25pm | 110The Wall Street Journal reports that the Bank of America Corporation (NYSE: BAC) will be hiring Brian T. Moynihan as the CEO. It was earlier reported that Bank of New York Mellon Corp (NYSE: BK) CEO, Robert Kelly, was the front-runner to the post. However, government reservations, towards the...
-
Top 5 Mid-Cap Stocks with Highest Profit Margins (AWC, LINE, MFA, CIM, AB)
Friday, December 18, 2009 - 8:58am | 176Below are the top 5 mid-cap stocks on the NYSE and the NASDAQ in terms of highest profit margins. The trailing-twelve-month profit margins of Alumina Ltd (NYSE: AWC) are 2,500%. AWC’s market capitalization is $3.79 billion. Credit Suisse upgraded AWC from “underperform” to “neutral.” The trailing-...
-
Actively Managed ETF Space Is Getting Hotter
Wednesday, December 16, 2009 - 10:47am | 89Compared to mutual funds, actively managed ETFs have inherent advantages like transparency, low-cost and intraday liquidity. These are drawing the attention of many companies as they are launching funds. Companies like Putnam Investments (NYSE: PCF), T. Rowe Price Group, Inc. (NASDAQ: TROW),...
-
Benzinga’s Top Upgrades (ADBE, NLY, TU, RCL, CNQ, TROW)
Wednesday, December 16, 2009 - 10:36am | 280Adobe Systems Incorporated (NASDAQ: ADBE) was today upgraded by Atlantic Equities from Underweight to Neutral and price target increased to $35 from $25. ADBE is now trading at $36.82, 1.27% up. So far in 2009, Adobe Systems gained over 70%. Annaly Capital Management, Inc. (NYSE: NLY) has climbed...
-
Short-Term Corporate Bond ETF Due Out On Thursday
Tuesday, December 15, 2009 - 3:37pm | 97State Street Global Advisors, the ETF arm of State Street (NYSE: STT), will introduce the SPDR Barclays Capital Short Term Corporate Bond ETF this Thursday. The ETF will trade under the ticker "SCPB." The ETF will track the performance of the Barclays Capital 1-3 Year U.S. Corporate Investment...
-
John Hancock Looks To Join Actively Managed ETF Fray
Tuesday, December 15, 2009 - 3:05pm | 103John Hancock Funds LLC will file plans with the Securities and Exchange Commission (SEC) in the coming weeks to bring actively managed ETFs to market. The company plans to file for an actively managed ETF that mirrors its lifestyle funds. Hancock joins the likes of Pimco, Vanguard and T. Rowe Price...
-
Cramer’s Picks (C, TIF, KSS, JWN, BBY, SBUX, BK, HAL, NBR, BHI, BJS)
Tuesday, December 15, 2009 - 1:45pm | 293CNBC's Mad Money show host Jim Cramer promoted a number of stocks on December 14, with Citigroup (NYSE: C) being his hot favorite. C opens its gigantic $17 billion equity offer this week. The company is raising capital through stock issuance to repay its government TARP loan. Jim is also bullish on...
-
Bank of NY Mellon CEO Kelly Tells Employees He's Not Going To Bank of America
Monday, December 14, 2009 - 5:48pm | 54Bank of NY Mellon (NYSE: BK)(FREE stock trend analysis) CEO Robert Kelly tells employees he's not going to Bank of America (NYSE: BAC)(FREE stock trend analysis)
-
BofA (BAC) Gets BoNY's (BK) CEO
Monday, December 14, 2009 - 5:30pm | 112As Bank of New York Mellon (NYSE: BK)(FREE stock trend analysis) CEO Robert Kelly gets talked up as the guy to replace Ken Lewis at Bank of America (NYSE: BAC)(FREE stock trend analysis), what was once BofA's problem will become the challenge facing BoNY: finding a suitable successor. Among...
-
Top 5 Small-Cap Stocks with Highest Cash Per Share (IBKR, FRE, MF, SEB, PNSN)
Monday, December 14, 2009 - 3:30pm | 236Below are the top 5 small-cap stocks on the NYSE and the NASDAQ in terms of the highest cash per share. Interactive Brokers Group Inc (NASDAQ: IBKR)(FREE stock trend analysis) has cash per share of $567.33. IBKR’s market capitalization is $710.3 million. IBKR’s shares have fallen by 4.78% over the...
-
Bankers to be warned on bonuses by President Obama
Monday, December 14, 2009 - 1:19pm | 290White House officials say that in a meeting later today, President Obama will have some tough words for bank executives. The expected participants include Summers, Geithner - senior White House adviser Valerie Jarrett, chair of the Council of Economic Advisers Dr Christina Romer and the following...
-
U.S. Global Investors (GROW) Funds to Pay Year-End Distributions
Monday, December 14, 2009 - 7:11am | 92U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique investment adviser specializing in natural resources and emerging markets, announces that four of the mutual funds it manages will pay 2009 income dividend distributions. The record date was December 10, 2009, and the ex-dividend and payable...
-
Bank of America (BAC) Is Back In CEO Talks With Kelly
Friday, December 11, 2009 - 2:56pm | 93Bank of New York Mellon Corp. (NYSE: BK)(FREE stock trend analysis) Chief Executive Robert Kelly told his directors this week that he was in discussions with Bank of America (NYSE: BAC)(FREE stock trend analysis) for a possibility to succeed retiring Bank of America CEO Kenneth D. Lewis. This was...
-
RiskMetrics: The Buy Case In A Nutshell
Friday, December 11, 2009 - 1:34pm | 167Today, analysts at Bank of America Merrill Lynch have maintain their “Buy” rating on RiskMetrics Group, Inc. (NYSE: RMG) with a 12-month price target of $18. The firm highlights the following key points supporting their Buy thesis 1) Key metrics represents a near-term catalyst (supported by...