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Volume Talks Monday: A Sirius Reversal
Tuesday, March 23, 2010 - 9:39am | 2912As the market traded higher across the board Monday on lighter volume, there were many stocks which traded higher/lower on above average volume. Today's breakout report is for Monday March 22, 2010. If this is your first time reading one of my breakout reports you'll want to read the section...
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Stock Market News for March 23, 2010 - Market News
Tuesday, March 23, 2010 - 9:21am | 491Shares from the healthcare sector led the broader stock market higher Monday, as the contentious healthcare overhaul bill crossed the final hurdle after months of debate and uncertainty. The 10-year, $940 billion bill will extend insurance to 32 million Americans who are currently without coverage...
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US Stocks Jump Up; Rally Driven By Health, Pharma Stocks (AXP, DD, MRK, PFE, MRK, THC, HMA)
Monday, March 22, 2010 - 3:48pm | 227US stocks have climbed today, driven the most by the healthcare sector. Healthcare stocks are rising as investors believe that the number of insured customers for hospitals and pharmaceutical firms may spike, with the passage of the reform bill. While the Dow Jones Industrial Average has jumped 47....
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Stocks Take A Hit Due To Concerns Over Greece (MMM, PFE, AXP, BAC, JPM)
Friday, March 19, 2010 - 11:35am | 183U.S. stocks saw a decline in trading on Friday as concerns over Greece resurfaced. The Dow Jones Industrial Average fell 0.2% to 10,753. 3M Company (NYSE: MMM) was the worst performing stock in the index. 3M shares were down 1.80% to $82 .13 at 11.23 a.m. in New York. Shares of Pfizer (NYSE: PFE...
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Own The Same Companies As Warren Buffett (KO, WFC, AXP)
Thursday, March 18, 2010 - 4:01pm | 141Are you interested in investing in the same companies as Warren Buffett? The Oracle of Omaha has a penchant for value stocks which have a wide competitive moat and world class management teams. Buffett advocates buying stocks who are trading at a significant discount relative to the intrinsic value...
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Sector Wrap: Pharmaceuticals, Financials, REITs
Thursday, March 18, 2010 - 3:51pm | 340It was announced that Ratiopharm had accepted a bid from Teva for about $5 billion. The combined company will have a strong presence in Europe as Ratiopharm is the #2 generic drug maker in Germany. Despite the positive news, the iShares Biotech ETF (IBB) is lagging the markets this week, off 0.4%...
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Discover Financial Services (DFS) Maintains Outperform Rating
Thursday, March 18, 2010 - 1:33pm | 114Analysts Bill Carcache and Tulu Yunus at Macquarie have released an update on Discover Financial Services (NYSE: DFS). The company hosted its annual investor day on Wednesday in New York, where the company’s management provided ROE and EPS growth targets of 15% plus and 10%, respectively. Analysts...
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Strategists Warn About The Financial Sector As The Financial ETF Sets A New 52-Week High
Wednesday, March 17, 2010 - 6:49pm | 2087The rally in the Financial Select Sector SPDR Fund (XLF) on Wednesday means the exchange-traded fund has more than doubled in value from a year ago. The ETF set a new 52-week high of $15.97 a share on Wednesday. One year ago on March 17, 2009, the fund touched a session low of $7.87, according to...
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Daily Forex Commentary March 17, 2010
Wednesday, March 17, 2010 - 5:22pm | 469March 17, 2010 Euro Weakens on Bearish Bailout Comments The U.S. Dollar finished down against most major currencies. From the start it was under pressure as trader demand for risk pressured lower yielding currencies. The early morning weakness in the Dollar helped to drive up demand for high risk...
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TARP Repayments, Rating Upgrades Give Financials A Facelift (HIG, DFS, UNM, LNC, GGP, SPG, CIT)
Wednesday, March 17, 2010 - 3:06pm | 349The financial sector stood out in the Standard & Poor's 500 as it led the gains today. The sector was propelled by upgrades in rating for some insurers and the repayment of government bailouts. Some of the financial stocks that outshone today are: Hartford Financial Services Group (NYSE: HIG)...
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3-17-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, March 17, 2010 - 12:44pm | 2214Stocks are higher after U.S. and Japanese central banks reaffirmed plans to keep interest rates low to revive economic growth A report on inflation at the wholesale level provided further assurance that the Federal Reserve shouldn’t have to raise its key lending rate anytime soon. The Fed said...
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U.S. Equity Market Preview (BBI, DFS, FMCN, FUQI, HIG)
Wednesday, March 17, 2010 - 8:15am | 297Shares of the following companies may see some unusual movements in trading on Wednesday, according to Bloomberg. Blockbuster, Inc. (NYSE: BBI), a loss making video-rental chain, said that it may file for bankruptcy. The video-rental chain has $855.9 million in debt on its balance sheet....
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Discover Financial Services (DFS) Reports First Quarter Results; To Repay Funds Received Under TARP
Tuesday, March 16, 2010 - 5:58pm | 122Discover Financial Services (NYSE: DFS) said on Tuesday that it has received approval from regulators to redeem $1.2 billion worth of preferred stock, which was issued under the TARP. The company will also issue $350 million in subordinated debt before it repays TARP money. Discover also reported...
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Senator Dodd’s Newly Proposed Bill Will Hurt Financial ETFs
Tuesday, March 16, 2010 - 1:10pm | 2088“Although the future of reform legislation remains unclear, a recent bill proposed by Senator Christopher Dodd (D., Conn.) could potentially hinder the financial sector and its exchange traded funds,” Kevin Grewal Reports From The Street. Grewal goes on to say, “This new proposed reform, which is...
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Volume Talks Monday: A Potential Option Straddle Play
Tuesday, March 16, 2010 - 10:03am | 2447Today's breakout report is for Monday March 15, 2010. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to the list of stocks. To reiterate previous blog posts like...