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Select Housing Stocks May Be Poised to Outperform Broad Market in 2011
Wednesday, December 1, 2010 - 3:13pm | 577Anecdotal evidence points to a rebound in the jobs mkt going into yr end and 2011. This will benefit payroll data processing companies like (RHI) and (MAN). This will steepen the yield curve and benefit select financials like GS and MS. This will benefit consumer spending and benefit credit card...
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Volatility Price Breakout in American Express This Week
Wednesday, December 1, 2010 - 2:38pm | 118Analysts are assuming American Express' (NYSE: AXP) earnings growth rate of 10% in 2011 will lag their SP500 earnings growth rate of 13%. If the job market improves from this point forward, AXP's earnings growth rate should exceed the SP500 by a long shot. In short, the analyst forecasts are wrong...
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 10:30am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 5:07am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Special Dividends for 2010
Wednesday, December 1, 2010 - 4:53am | 5182010 may be the last year to have dividends taxed at 15%, and companies are responding by handing out special dividends. So far this year, Garmin (NASDAQ: GRMN), Transocean (NYSE: RIG), Hot Topic (NASDAQ: HOTT), Guess (NYSE: GES), etc. have already declared special dividends. With only one month...
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American Express and Zynga Announce Strategic Relationship
Tuesday, November 30, 2010 - 10:09am | 90In an industry first, American Express (NYSE: AXP) and Zynga announced today that they have entered into a strategic relationship that allows customers to use Membership Rewards points from American Express to pay for limited edition virtual goods, as well as physical and virtual game cards for...
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White River Capital Declares Special Dividend of $4
Tuesday, November 30, 2010 - 10:07am | 88White River Capital, Inc. (NYSE: RVR) announced that its Board of Directors has declared a one-time special cash dividend of $4.00 per share on its common stock to be paid December 21, 2010 to shareholders of record on December 9, 2010. The aggregate amount of the payment to be made in connection...
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Stock Market News for November 30, 2010 - Market News
Tuesday, November 30, 2010 - 10:00am | 800Lingering worries about Europe's ability to contain a credit crisis, even as finance ministers of the European Union designed an $89 billion lifeline for Ireland, continued to weigh on global markets Monday. In the United States, markets reflected those worries as the Dow average nosedived below...
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Stock Market News for November 30, 2010 - Market News
Tuesday, November 30, 2010 - 4:57am | 800Lingering worries about Europe's ability to contain a credit crisis, even as finance ministers of the European Union designed an $89 billion lifeline for Ireland, continued to weigh on global markets Monday. In the United States, markets reflected those worries as the Dow average nosedived below...
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Financials Take Lead 11-29-2010
Monday, November 29, 2010 - 7:53pm | 799Cusick's Corner Finance took the lead into the After Hours and the market followed. With Finance showing leadership and the cold weather hitting, we saw the Energy sector, XLE get a boost at the end of the day -- it's another offensive sector that will need to continue its upswing if the bulls...
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Pawning Pays (EZPW)
Friday, November 26, 2010 - 1:12pm | 68Shares of EZCORP, Inc. (NASDAQ: EZPW) are markedly higher this afternoon, as traders continue to bid up the name. At last check, shares of EZPW were up $1.05 to $26.00, a gain of 4.2%. EZCORP, Inc. lends or provides credit services to individuals to meet their short-term cash needs. It offers pawn...
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Stock Market News for November 26, 2010 - Market News
Friday, November 26, 2010 - 10:30am | 910It seemed like investors were just not concerned with bad news plaguing the economy. Wednesday proved to be a complete contrast as traders turned their focus on domestic economic data, brushing aside eurozone worries and tensions in the Korean peninsula. The rally helped markets recoup all of...
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Stock Market News for November 26, 2010 - Market News
Friday, November 26, 2010 - 5:07am | 910It seemed like investors were just not concerned with bad news plaguing the economy. Wednesday proved to be a complete contrast as traders turned their focus on domestic economic data, brushing aside eurozone worries and tensions in the Korean peninsula. The rally helped markets recoup all of...
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First Marblehead Moves Into Tuition Services
Tuesday, November 23, 2010 - 11:05pm | 133First Marblehead(FMD), which we wrote about several years ago when securitizations were still possible and the stock price was far higher, has muddled its way through the financial crisis. Cash-rich, but still without any significant traction in its core business, the company announced it will be...
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Mad Money Lightning Round OT: Cramer Likes AXP (UMPQ, AXP, V, GCI)
Monday, November 22, 2010 - 8:29pm | 178Jim Cramer said on CNBC's Mad Money Lightning Round OT that Umpqua Holdings Corporation (NASDAQ: UMPQ) is a great bank, but the sector is in a house of pain. If you want to buy this stock, you should wait until January. Umpqua Holdings Corporation (UMPQ) fell 0.19% today, and closed at $10.76....