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ETF News Update: A Day of Major Stock Market Misses (GLD, UUP, USO, GS)
Wednesday, January 19, 2011 - 11:13pm | 377It was a day of market misses for ETFs and stocks in world markets as economic and employment reports disappointed and missed the targets set down by the “experts.” December Housing Starts came in at 529k versus 550k expected and a prior reading of 553k, indicating ongoing weakness in the all...
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Small Caps More Sensitive to Domestic Economic Conditions 01-19-2011
Wednesday, January 19, 2011 - 7:17pm | 894Cusick's Corner The Small Caps, higher Beta stocks (IWM), were the real movers to the downside today. This raises a potential red flag because these markets are more sensitive to domestic economic conditions. If the economy at home does look like it is potentially slowing, then these stocks in...
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Northern Trust Misses Estimates; Stocks Falls (NTRS)
Wednesday, January 19, 2011 - 3:08pm | 80Shares of Northern Trust (NASDAQ: NTRS) are lower on Wednesday after the company reported disappointing earnings. Northern Trust reported earnings per share of $0.64 compared to consensus estimates of $0.71. The company attributed the results to a low interest rate environment. During Wednesday's...
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Northern Trust Lags Estimates - Analyst Blog
Wednesday, January 19, 2011 - 3:01pm | 1038Northern Trust Corporation's (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 71 cents per share. The decrease was attributable to low interest rate environment, which in turn, was negatively affected by net interest income and trust fees. In the...
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BNY Mellon Falls Just Short - Analyst Blog
Wednesday, January 19, 2011 - 2:31pm | 783The Bank of New York Mellon Corporation's (BK) fourth-quarter earnings from continuing operationsof 55 cents per share came in 2 cents below the Zacks Consensus Estimate of 57 cents. BNY Mellon experienced sequential and year-over-year increases in assets under custody and administration during...
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Northern Trust Lags Estimates - Analyst Blog
Wednesday, January 19, 2011 - 2:28pm | 1038Northern Trust Corporation's (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 71 cents per share. The decrease was attributable to low interest rate environment, which in turn, was negatively affected by net interest income and trust fees. In the...
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BNY Mellon Falls Just Short - Analyst Blog
Wednesday, January 19, 2011 - 1:59pm | 783The Bank of New York Mellon Corporation's (BK) fourth-quarter earnings from continuing operationsof 55 cents per share came in 2 cents below the Zacks Consensus Estimate of 57 cents. BNY Mellon experienced sequential and year-over-year increases in assets under custody and administration during...
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State Street Surpasses Estimates - Analyst Blog
Wednesday, January 19, 2011 - 11:31am | 920State Street Corporation's (STT) fourth quarter 2010 operating earnings of 87 cents per share were ahead of the Zacks Consensus Estimate of 85 cents. The results also compare favorably with the prior quarter earnings of 86 cents and the prior-year quarter earnings of 71 cents. For the fiscal...
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State Street Surpasses Estimates - Analyst Blog
Wednesday, January 19, 2011 - 11:15am | 920State Street Corporation's (STT) fourth quarter 2010 operating earnings of 87 cents per share were ahead of the Zacks Consensus Estimate of 85 cents. The results also compare favorably with the prior quarter earnings of 86 cents and the prior-year quarter earnings of 71 cents. For the fiscal...
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Jefferies Upgrades Blackstone Group to Buy (BX)
Wednesday, January 19, 2011 - 11:03am | 92Jefferies is out with its report today on Blackstone Group (NYSE: BX) upgrading BX from Hold to Buy. In a note to clients, Jefferies writes, "Trends across BX's three business segments continue to improve. Management fees are poised to rise based on improving capital formation trends, and...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 11:01am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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News Summary
Wednesday, January 19, 2011 - 10:46am | 181Shares of Goldman (NYSE: GS) fell about 2.5% after the company reported its Q4 net earnings at $3.79 per share, compared with $8.20 per share, in the year-ago period. Goldman's net revenue dropped to $8.64 billion, from $9.62 billion, in the year-ago quarter. However, analysts were expecting...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 10:09am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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Benzinga's Top Upgrades (BX, DLTR, CMA, FRX)
Wednesday, January 19, 2011 - 9:55am | 135Blackstone Group LP (NYSE: BX) was upgraded by Jefferies from "hold" to "buy." BX's shares closed at $15.31 yesterday. Blackstone Group's PEG ratio is 0.95. Morgan Stanley upgrade Dollar Tree Inc (NASDAQ: DLTR) from "equal weight" to "overweight.” DLTR's shares closed at $50.34 yesterday. Dollar...
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Janus Capital Downgraded to Hold at Stifel Nicolaus (JNS)
Wednesday, January 19, 2011 - 9:48am | 21Janus Capital (NYSE: JNS) is downgraded from Buy to Hold at Stifel Nicolaus.