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Capital One Financial Earnings: Tops Expectations on Profit Rise
Wednesday, July 13, 2011 - 10:20am | 328Capital One Financial (NYSE: COF) announced net income that exceeded analysts' expectations for the second quarter. The Numbers: Capital One has now seen net income rise in three straight quarters. Net income rose 59.7% in the first quarter. In the fourth quarter of the last fiscal year, the...
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Pre-Market Losers
Wednesday, July 13, 2011 - 7:35am | 104Electronic Arts (NASDAQ: ERTS) is trading over 2.70% lower near $23.5 after it was announced that the company had purchased PopCap Games. Tibco Software (NASDAQ: TIBX) is trading over 2.50% lower near $29.09 after it was announced that the company's COO had filed to sell 65k shares. Capital One...
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News Summary for July 13, 2011
Wednesday, July 13, 2011 - 6:58am | 580This is your Benzinga news summary and traders' outlook for Wednesday, July 13, 2011, covering headlines from overnight and Wednesday’s pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher as investors wait to see what Federal Reserve Chairman Ben...
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Capital One Reports 50% Surge In Q2 Net Income
Wednesday, July 13, 2011 - 6:05am | 104Capital One Financial Corp (NYSE: COF) reported a 50% rise in its second-quarter net income and announced its plans to sell $2 billion of common shares. Capital One reported its quarterly earnings at $911 million, or $1.97 per share, up from $608 million, or $1.33 per share, in the year-ago...
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Capital One Financial Announces $2B Common Stock Offering
Wednesday, July 13, 2011 - 6:03am | 105Capital One Financial Corporation (NYSE: COF) today announced an underwritten public offering of $2.0 billion of its common stock, which will be subject to the forward sale agreements described below. Barclays Capital, Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are acting as book-running...
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 7:24pm | 1637Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...
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Range-Bound 07-12-2011
Tuesday, July 12, 2011 - 1:19pm | 1004Cusick's Corner Last night as I was doing a webinar I was catching myself trading more than teaching as the markets were on the move - US Dollar was running to the upside, Euro sliced through $1.40, bonds were running on the long end and the equities sliced through that support level, 1315. Then...
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Stocks to Watch for Tuesday 07/12/11: Fresh 52 Week Highs and Lows
Monday, July 11, 2011 - 4:09pm | 1546Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to lowest): 1) BioSante Pharmaceuticals (NASDAQ: BPAX...
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Nelnet Purchases Residual Interest in $1.9B of Federal Student Loans from Greystone & Co
Monday, July 11, 2011 - 7:02am | 124Nelnet (NYSE: NNI) today announced that it closed on a transaction to purchase the residual interest in $1.9 billion of Federal Family Education Loan Program consolidation loans from an affiliate of Greystone & Co., Inc. Nelnet acquired the ownership interest in GCO SLIMS Trust-1 giving the...
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Stocks to Watch for Monday 07/11/11: Fresh 52 Week Highs and Lows
Sunday, July 10, 2011 - 5:15pm | 2231Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to lowest): 1) Melco Crown Entertainment (NASDAQ:...
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AP Biz Writer on Good Stocks to Buy: 'One Good Bet: The Jobless Aren't Likely to Find Work Anytime Soon'
Saturday, July 9, 2011 - 7:36pm | 651While Associated Press Economics writers like Christopher Rugaber and Paul Wiseman, as seen in a post this morning (at NewBusters; at BizzyBlog), talk of “baffled economists” and a job market that is “defying history,” one AP writer, in discussing stocks which have done well in this economy, has...
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MasterCard and Visa to Open Near 52-Week Highs
Friday, July 8, 2011 - 7:41am | 475MasterCard (NYSE: MA) and Visa (NYSE: V) reached new 52-week highs of $322.27 and $90.83 per share, respectively, in Thursday's trading session. MasterCard surged from $279 to $309 per share at the end of June, following the Federal Reserve's decision to place a higher-than-proposed cap on debit-...
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Thursday, July 7, 2011 - 11:59pm | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Puts Purchased on Cardtronics
Thursday, July 7, 2011 - 12:36pm | 109Shares of Cardtronics (NASDAQ: CATM) are higher on the session by 0.92%, currently trading at $24.22. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago...
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American Express and Discover Hit 52-Week Highs Again
Thursday, July 7, 2011 - 12:05pm | 469American Express (NYSE: AXP) and Discover (NYSE: DFS) reached new multiyear highs of $53.69 and $27.92 per share, respectively, Thursday morning. American Express recently launched a free tool designed to help small businesses monitor social media and also said members could use reward points to...