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Company News for March 16, 2010 - Corporate Summary
Tuesday, March 16, 2010 - 10:00am | 226• UBS (NYSE:UBS) upgraded Starbucks (NASDAQ:SBUX) to "buy" from "neutral" with a $29 price target • Goldman Sachs (NYSE:GS) upgraded Coventry Health Care (NYSE:CVH) to "neutral" and removed the shares from its Conviction Sell List, noting in-line valuation levels • Piper Jaffray (NYSE:PJC) upgraded...
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Top 5 Stocks For March 16, 2010 (DB, APP, DFS, GOOG, F)
Tuesday, March 16, 2010 - 7:18am | 305Analysts expect Deutsche Bank (NYSE: DB) to earn $1.91 per share for the latest quarter. DB is set to post its results before the opening bell. DB’s shares gained 1.39% to $73.18 in after hours trading. Read more about this company here. American Apparel Inc (NYSE: APP) had forecasted EPS of $0.04...
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Heavy Options Activity in Amylin Pharmaceuticals (AMLN) and Allergan (AGN)
Monday, March 15, 2010 - 3:17pm | 1639The broad market is still relatively sideways with volume remaining light, even with triple-witching expiration this Friday. The market is beginning to weaken a bit here, but that trend has been reversing itself over the past week. The VIX is creeping back up towards 18.75% after being pressured...
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Discover Forecasts First-Quarter Loss - Zacks Tale of the Tape
Friday, March 12, 2010 - 1:45pm | 310Discover Financial Services (DFS) expects to report a loss in the fiscal first quarter 2010 as the company had to boost its loan loss reserves. Yesterday, Discover Financial Services (DFS) announced that it expects to report a loss in the fiscal first quarter 2010 as the company had to boost its...
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Some Very Strange Things are Happening Under the Surface
Friday, March 12, 2010 - 11:15am | 942I am noticing some very strange things happening, and I simply have to think the algorithms don't care about individual stocks that much anymore, and are simply making sector bets. If you've been following the markets closely, you will know the financial sector has been on fire of late. In a...
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Mad Money Lightning Round: Jim Endorses F, EZPW, RRC, CLNE; Dislikes AMLN, FSYS, XTO, AONE
Friday, March 12, 2010 - 7:21am | 283In his "Mad Money Lightning Round," Jim Cramer told investors that they can invest in the common and preferred shares of Ford Motor (NYSE: F) as sales of the company are soaring. F’s shares rose 0.70% to close at $12.91 yesterday. Jim commented on Ezcorp (NASDAQ: EZPW), saying that this pawn shop...
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Discovery Financial Services (DFS) Expects A Loss In First-Quarter
Thursday, March 11, 2010 - 9:49pm | 99Discovery Financial Services (NYSE: DFS) said on Thursday that it expects to report a loss in its first-quarter, as it plans to increase loan-loss reserve. The credit card company will report first-quarter results on March 16. Discovery said that it will register an increase of $305 million in...
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Calls Purchased in SLM Corp
Thursday, March 11, 2010 - 10:57am | 142SLM Corp (NYSE: SLM), better known as Sallie Mae, has been slowly moving higher over the past few months, rising from $11 to $12.35 in just the past month alone. It appears that one trader is betting that this performance will continue into April as well; nearly 4,000 April $13 calls were purchased...
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"Mad Money:" Cramer Lists AXP, XOM, IBM, KO, PFE, MSFT, T, AA As Laggards
Wednesday, March 10, 2010 - 8:26am | 551In his "Mad Money" TV show, Jim Cramer said that the markets would be able to breach the highs reached in January only if “laggards start pulling their own weight.” Cramer listed 10 worst performers in the Dow Jones Industrial Average, starting from American Express (NYSE: AXP), which has lost 2%...
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Stock Market News for March 9, 2010 - Market News
Tuesday, March 9, 2010 - 10:17am | 412U.S. stocks started the week on a mixed note before ending the day little changed as investors appeared less enthusiastic about the strength of the economic recovery. Traders appeared concerned about President Obama’s push for the health care overhaul and reacted with caution to a fresh round of...
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Stock Market News for March 8, 2010 - Market News
Monday, March 8, 2010 - 10:36am | 387A government report showing US employers cut fewer-than-expected jobs in February sent stocks higher Friday, even as cautious eyes kept a watch on developments in China and Greece’s move to address its massive debt problems. The DJIA, nevertheless, managed to scale a six-week peak, closing up 1.2...
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Gainers And Losers In The Financial Sector On March 5 (AIG, TRH, COF, AXP, MA, DFS, JPM, WFC, GS, BAC, C)
Monday, March 8, 2010 - 9:07am | 349The financial sector had its share of losers and gainers on Friday. Among the clear gainers was American International Group (NYSE: AIG), which announced that day that it had received a favorable ruling from the Internal Revenue Service on a tax issue. The resolution of the tax issue is likely to...
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Capital One Financial (COF) Highly Exposed To Late Fees And Loan Shrinkage
Friday, March 5, 2010 - 10:58am | 186Analysts at Goldman Sachs downgrade Capital One Financial Corp (NYSE: COF) from "buy" to "neutral," while reducing their estimates for the company. The target price for COF has been reduced from $50 to $45. According to Goldman Sachs, the weekly data from the Fed is indicative of a 4% year-to-date...
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Company News for March 5, 2010 - Corporate Summary
Friday, March 5, 2010 - 10:25am | 277• Marvell Tech (NASDAQ:MRVL) swung to a fourth quarter profit on strength in its new communication chips. Adjusted earnings jumped to 40 cents a share, up from last year's five cents, on revenues that rose 64% to $842.5 million. Results topped the firm's earlier forecast of 33-39 cent results on $...
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Benzinga’s News Roundup (GPRE, COF, ISIS, BHI, TIVO)
Friday, March 5, 2010 - 9:06am | 326Green Plains Renewable Energy Inc. (NASDAQ: GPRE) reported today that it has priced 5.5 million shares of its common stock at $13.50 per share, for proceeds of $74.3 million. Green Plains has also granted the underwriters a 30-day option to purchase up to an additional 825,000 shares to cover over-...