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Company News for November 12, 2009 - Corporate Summary
Thursday, November 12, 2009 - 10:26am | 395• Wal-Mart (NYSE:WMT) reported estimate-topping results of 84 cents a share, three cents above Zacks estimates of 81 cents, on revenues of $98.67 billion, slightly below estimates of $99.50 billion. Comparable sales eased 0.4% from last year. The firm raised fourth quarter and full-year guidance to...
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Legg Mason Says Equity Outflows The Lowest Since 2006
Wednesday, November 11, 2009 - 12:41pm | 26Legg Mason (NYSE: LM) to file for a $450 million tax refund. Legg Mason CEO says equity outflows are the lowest since 2006.
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5 Large-Cap Stocks with Highest Sales Growth Estimate (TM, SU, POT, ESRX, BLK)
Wednesday, November 11, 2009 - 8:49am | 189Below are interesting large-cap stocks on the NYSE and NASDAQ with the highest sales growth estimate. Toyota Motor Corp (NYSE: TM) has a consensus sales growth estimate of 167,890% for 2010. TM has a market capitalization of $119.79 billion. TM shares are trading significantly short of their 52-...
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Fund Performance Period 11
Monday, November 9, 2009 - 5:05pm | 4249As a reminder, if you are interested in this type of fund as a worthwhile consideration for future investment, please consider reading why this blog exists. [Jan 7, 2008: Reader Pledges Toward Mutual Fund Launch] [May 26, 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund...
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5 Small-Cap Stocks with Highest Cash Per Share (IBKR, FRE, SEB, MF, PNSN)
Monday, November 9, 2009 - 1:33pm | 182Below are interesting low-cap stocks on the NYSE and NASDAQ that have highest cash per share. Interactive Brokers Group Inc (NASDAQ: IBKR) has the cash per share of $567.31. IBKR has a market capitalization of $706.4 million. IBKR shares have declined by 20.17% over the past 52weeks. Freddie Mac (...
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October Was Another Strong Month For ETFs (EEM, SPY, VWO)
Sunday, November 8, 2009 - 5:09am | 132October was another solid month for the ETF industry as assets under management rose to $707 billion from $705 billion in September, according to the National Stock Exchange. Inflows to emerging markets ETFs were robust as the Vanguard MSCI Emerging Markets ETF (NYSE: VWO) saw inflows of $2.2...
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US Stocks Report Earnings: IGT, BX, AIG, ATVI, PSMT, HANS
Friday, November 6, 2009 - 7:21pm | 309It is a busy Friday as 147 companies report earnings today. These companies span a wide spectrum of industries, from insurance companies like AIG, to healthcare companies like Par Pharmaceuticals, and even retail companies like Price Smart. Among the companies releasing their earnings today, AIG (...
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Blackstone Group (BX) Continues its Recovery; Beats Estimates by 10 Cents
Friday, November 6, 2009 - 3:37pm | 1104As mentioned this morning, we added back to our Blackstone Group (BX) exposure as the stock jumped back over a key moving average on the back of a solid earnings report. After 7 sessions of purgatory, the stock is in a better position today. Unlike a "widget maker" type of company I will give...
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Mudd Says Fortress Investments Is Positioned Perfectly
Friday, November 6, 2009 - 12:14pm | 227Fortress Investment Group's (NYSE: FIG) CEO was on Squawk on the Street and discussed why he thinks the quarter was good for FIG and why the future will continue to get better. Fortress's CEO Daniel Mudd said it earned most of its income from their base fees and it was approaching the point where...
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Bookkeeping: Making Some Long Purchases
Friday, November 6, 2009 - 11:13am | 555Now that the 2 big news events of the week are out of the way, and thus far the drop below the 50 day moving average looks just like it did in July 2009 - that is, a headfake I'll get back some longs. I am surprised it is just that easy... we had 5 intraday reversals in 9 sessions during this...
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State Street Increases Legal Reserve Established in 2007
Friday, November 6, 2009 - 8:09am | 85State Street Corporation (NYSE: STT) today announced that it has added $250 million, as of September 30, 2009, to the reserve it established in 2007 to address legal exposure related to losses incurred by investors in certain active fixed-income strategies managed by State Street Global Advisors (...
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Fast Money Picks For Friday (STT, MOT, CSCO, KG)
Thursday, November 5, 2009 - 8:20pm | 86CNBC's Fast Money Gang shared with us their picks for Friday. Joe Terranova recommends investors to go long on State Street Corporation (NYSE: STT), and Steve Grasso thinks that Motorola (NASDAQ: MOT) is a buy. STT gained 5.34% today, and MOT jumped 3.44%. Guy Adami wants to short Cisco Systems (...
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The Blackstone Group (BX) and Glimcher (GRT) to Form Joint Venture
Thursday, November 5, 2009 - 6:46pm | 119The Blackstone Group (NYSE: BX))and Glimcher Realty Trust (NYSE: GRT) announced a partnership for the acquisition and management of two regional malls. The assets for the joint venture will consist of two existing Glimcher mall properties: Lloyd Center in Portland, Oregon and WestShore Plaza in...
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Blackstone Group And Glimcher Realty Trust Form Joint Venture
Thursday, November 5, 2009 - 6:45pm | 227Glimcher Realty Trust (NYSE: GRT) and The Blackstone Group (NYSE: BX) formed a joint venture. Under the Agreement, GPLP, by and through the GPLP Company, will contribute its entire ownership interest in Glimcher Westshore, LLC, the fee owner of WestShore Plaza, a regional mall located in Tampa,...
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Benzinga’s Top Pre- Market Gainers (ACAS, GRMN, TNDM, ARNA)
Wednesday, November 4, 2009 - 10:03am | 155American Capital Ltd. (NASDAQ: ACAS) rose 18% after reported net operating income for the third quarter of $32 million or $0.12 per share and Net income was $77 million or $0.30 a share. On average, analysts polled by Thomson Reuters expected the company to earn $0.12 per share on revenues of $155....