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Stock Market News for October 18, 2010 - Market News
Monday, October 18, 2010 - 9:36am | 1073With fresh worries about the lurking foreclosure crisis keeping sentiments jittery, investors saw a bright spot in Google's earnings and sent broader indices higher on a mixed day on Wall Street. In one single session, Google's market capitalization soared by $19 billion as the technology company's...
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From a Trading Perspective Going Into Q3 Results, Citigroup Prefers American Express, MasterCard
Thursday, October 14, 2010 - 9:51am | 164In Citigroup's Q3 earnings preview for the card sector, the company is expecting meets or beats from the card companies with key themes being 1) regulatory, 2) tougher spend comps, 3) rev margin and balance pressure and 4) Nov elections. From a trading perspective going into Q3 results, Citigroup...
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Lots of Ways to Invest Like Warren Buffett
Wednesday, October 13, 2010 - 3:44pm | 726Billionaire Warren Buffett is the second richest American. As most investors know, he is the head of Berkshire Hathaway (BRK-A), the highest priced stock and one of the most successful companies during the last half-century. The company also has Class B shares (BRK-B), currently trading around 83....
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What's Hot on TheStreet
Wednesday, October 13, 2010 - 12:07pm | 277Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Salesforce's Hu Turns Offices Into Social Networks The worst economic downturn since the Great Depression opened doors for savvy executives with ideas that help businesses grow. Few took advantage of that...
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Top 4 NASDAQ Stocks In The Credit Services Industry With The Highest Profit Margin (CACC, NICK, WRLD, EZPW)
Tuesday, October 12, 2010 - 4:25am | 122Below are the top credit services stocks on the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at Credit Acceptance Corporation (NASDAQ: CACC) is 43.28%. CACC's quarterly earnings jumped 35.50% y/y. The trailing-twelve-month profit margin at Nicholas Financial Inc (...
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Keefe, Bruyette & Woods Reiterates Outperform on Discover (DFS)
Monday, October 11, 2010 - 9:18am | 99Keefe, Bruyette & Woods is out with a research report this morning, where it reiterates its Outperform rating on Discover Financial Services (NYSE: DFS); it has a $20.00 price target on the stock. The KBW analysts cited a recent meeting with company management for the reiteration. Discover is...
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EZCORP Names New CEO
Monday, October 11, 2010 - 9:04am | 56EZCORP, Inc. (Nasdaq: EZPW) announced today that Paul E. Rothamel will become President and Chief Executive Officer, effective November 1, succeeding Joseph L. Rotunda, who will retire from the Company and the Board of Directors at the end of October. Mr. Rotunda will continue to serve as a...
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Top Performing Industries For October 6 (TGB, ANO, JHX, IX)
Wednesday, October 6, 2010 - 10:51am | 204At 10:36 am, the Dow gained 0.15 points to 10,944.87, the broader Standard & Poor's 500 index moved down 1.58 points to 1,159.17 and the NASDAQ composite index fell 16.15 points to 2,383.68. The industries that are supporting the market today are: Copper: This industry jumped 2.09% by 10:36 am...
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Meredith Whitney Not Batting A Thousand, But Who Does?
Wednesday, October 6, 2010 - 10:29am | 306Meredith Whitney, president of Meredith Whitney Advisory Group has made herself into a very influential analyst on Wall Street, and when she speaks, the markets listen. Unfortunately, she hasn't been right on her investment ideas lately, costing clients potentially lots of money. Whitney called...
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Market Perform Reiterated For American Express
Tuesday, October 5, 2010 - 10:48am | 30FBR Capital Markets has reiterated its Market Perform rating for American Express (NYSE: AXP) and has lowered the price target from $48 to $45.
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Citi Sees Negatives For American Express With DOJ Lawsuit (AXP)
Tuesday, October 5, 2010 - 7:52am | 172Citi Investment Research sees potential negatives for American Express Company (NYSE: AXP), after the Department of Justice filed a lawsuit against the company. It has a $55 price target on shares, to go along with its Buy/High Risk rating. In the research note, Citi writes, "AXP's shares were...
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Trades For Tuesday Mornings
Tuesday, October 5, 2010 - 1:59am | 93As always the Fast Money gang gave their favorite trades for Tuesday morning. These are names that the traders think could be due for an upside explosion. Joe Terranova is bullish on American Express (AXP) just like Jim Cramer. He recommends that investors get long the stock. Jon Najarian is...
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Market Lacks Conviction 10-04-2010
Monday, October 4, 2010 - 7:05pm | 758Cusick's Corner The market continues to exhibit emotion on both sides, up and down, but there is absolutely no conviction. The VIX 23.53 +1.03 is on the move to the upside but still in that moderate range, which from a strategic perspective, means that a lot of traders are sitting on their...
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Cramer Likes American Express (AXP)
Monday, October 4, 2010 - 5:19pm | 100Despite the company's governmental scrutiny and legal problems, Jim Cramer is bullish on shares of American Express (AXP). On CNBC's Stop Trading segment, Cramer stated his love for the stock. :I would buy it here. I think under $40 it's terrific.” Cramer thinks that the stock is down because the...
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A Bad Day For American Express (AXP)
Monday, October 4, 2010 - 5:02pm | 102Shares of American Express (AXP) are down nearly 7% today. Investors have dumped the shares due to fears of a fine from the federal government. The U.S. government has been investigating the business practices of Visa (V), MasterCard (MA), and American Express. Visa and MasterCard have reached...