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Nelnet's Rating Outlook Upgraded - Analyst Blog
Wednesday, August 18, 2010 - 4:37pm | 552The rating outlook of Nelnet Inc. (NNI) was upgraded to “Stable” from “Negative” by Standard & Poor's Ratings Services yesterday. The revision is based on Nelnet’s efforts to reduce its debt levels and growth in its fee-income businesses. The company’s investment-grade "BBB-" long-term...
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Zacks Analyst Blog Highlights: Rambus, NVIDIA, Micron Technology, Nelnet and SLM - Press Releases
Tuesday, August 17, 2010 - 10:04am | 1162For Immediate Release Chicago, IL – August 17, 2010 – Zacks.com Analyst Blog features: Rambus Inc. (RMBS), NVIDIA Corp. (NVDA), Micron Technology Inc. (MU), Nelnet Inc. (NNI) and SLM Corporation (SLM ). Here are highlights from Monday’s Analyst Blog: Rambus, NVIDIA Make a Deal Technology...
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Keefe Bruyette & Woods Has $20 Target On Discover (DFS)
Tuesday, August 17, 2010 - 9:49am | 111Keefe Bruyette & Woods has a $20 target and Buy rating on shares of Discover Financial Servces (NYSE: DFS) after meeting with company management, specifically Yan Chang, VP of Portfolio Management at Discover, and Craig Streem, Head of Investor Relations yesterday. In the report Keefe, Bruyete...
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WRLD Enters Oversold Territory - Tale of the Tape
Monday, August 16, 2010 - 4:05pm | 112World Acceptance Corp. ’s (WRLD) share price has entered into oversold territory with a stochastic value of 8.78. The Zacks Consensus Estimate on the company’s earnings for the year ending March 2011 increased 24 cents over the past month to $5.15 per share. World Acceptance is a Zacks #1 Rank (“...
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Nelnet Offers $55M to Settle Case - Analyst Blog
Monday, August 16, 2010 - 3:46pm | 693Nelnet Inc. (NNI) agreed to pay $55 million as part of its efforts to settle a lawsuit filed by Jon H. Oberg, the former Department of Education researcher, on behalf of the federal government. It was alleged the company, along with some other organizations such as SLM Corporation (SLM), of...
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Puts Sold on Capital One (COF)
Monday, August 16, 2010 - 12:57pm | 142Shares of Capital One Financial Corp. (NYSE: COF) are higher on the session by 0.52%, currently trading at $39.02. The stock has been moving largely lower over the past five months, but is now nearing historical support, near $38.00. Options traders are selling outs on the name today, betting that...
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News Summary (BLK, BAC, COF, DELL, PAR)
Monday, August 16, 2010 - 10:30am | 241According to the Treasury Department, foreign investors have purchased a net $44.4 billion of long-term US assets in June, as compared to $35.3 billion in May. The international demand for Treasury has gained slightly to $33.9 billion in June, up from an increase of $32.9 billion in May. According...
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Capital One's Credit Continues To Improve, Citigroup Reiterates Buy
Monday, August 16, 2010 - 9:56am | 106Capital One Financial Corporation (NYSE: COF) reported an 87bps decrease in the National Lending net charge-off (NCO) rate to 6.89% while delinquencies were down 10bps to 5.45%, according to Citigroup. Capital One has been weak along with the rest of the market given the soft economy and...
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Market Roundup (BKS, S, AXP)
Thursday, August 12, 2010 - 3:58pm | 249According to a study conducted by a compensation consulting firm, bonuses in Wall Street are likely to rise this year, despite regulatory pressure over compensation. This is because the financial sector is recovering from the recession much faster than the broader US economy. Market professionals...
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Keefe, Bruyette & Woods Initiates Market Perform Rating On Nelnet, Inc. (NNI)
Tuesday, August 10, 2010 - 3:09pm | 107Keefe, Bruyette & Woods is out with a note, where it initiates a “Market Perform” rating on shares of Nelnet, Inc. (NYSE: NNI); it also has raised its price target to $23.00 on the stock. NNI reported an EPS of $1.17 in the second quarter, which heavily beat out KBW estimates of $0.91 and...
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Calls Purchased on SLM Corp. (SLM)
Tuesday, August 10, 2010 - 1:20pm | 158Shares of SLM Corp. (NYSE: SLM) are lower on the session by 1.87%, currently trading at $12.07. The stock has been moving in a bottoming pattern for the past three months and is now trading above the 50-day moving average. Options traders are buying calls on the name today. The August $12.00 call...
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MasterCard Continues To Trade In A Range
Tuesday, August 10, 2010 - 1:14pm | 106MasterCard Incorporated (NYSE: MA) is flat on the day after continuing to trade in a range between $215.00 and $195.00. The stock has been stuck in this range for well over a month now. It is trading just under the $215.00 level and should be watched in the coming days. Note the chart below....
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Earnings Still Going Strong - Earnings Trends
Monday, August 9, 2010 - 5:53pm | 5022Key Points: Second quarter earnings season shaping up as a very strong one. So far 86.6% of firms have reported (433). Surprise ratio 4.45 with a 6.19% median surprise. 75.1% of all firms beat expectations. Total net income grows 42.3%. Sales Surprise ratio at 1.71, median surprise 1.07%; 59.4% of...
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Nelnet Tops Zacks View - Analyst Blog
Monday, August 9, 2010 - 3:18pm | 733Nelnet Inc. (NNI) reported second quarter 2010 earnings of $1.17 per share compared with 60 cents in the year-ago quarter. Excluding gains on debt repurchases, the company reported earnings of $1.06 per share, compared with 53 cents in the prior-year period. Results were also ahead of the Zacks...
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Benzinga’s Volume Movers (FSYS, SINA, CATM, CHSI)
Thursday, August 5, 2010 - 1:05pm | 159Fuel Systems Solutions Inc (NASDAQ: FSYS) shares gained 15.06% to $34.00 at 12:23 pm. The volume of FSYS shares traded was 621% higher than normal. FSYS has reported upbeat Q2 earnings. Sina Corporation (NASDAQ: SINA) shares moved up 5.49% to $45.17. The volume of SINA shares traded was 464% higher...