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Financials Making Turnaround In February
Tuesday, February 2, 2010 - 3:33pm | 340Among the 10 key sectors in S&P, industrials, energy and materials led the market up today as pending-home sales rose 1% in December and oil pushed above $75 a barrel. Alcoa led the Dow for a second day in a row, after the ISM report on manufacturing turned out to be better than expected....
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Concur Technologies Inc. (CNQR) Maintains Neutral Rating
Tuesday, February 2, 2010 - 12:19pm | 119Analysts Sasa Zorovic and Robert Simmons at Janney Capital Markets have maintained their Neutral rating for Concur Technologies Inc. (NASDAQ: CNQR). The fair value estimate for the company has been raised to $35. Concur Technologies Inc. is scheduled to report results for the first quarter of FY10...
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DFS Moves To Buy
Tuesday, February 2, 2010 - 10:51am | 36Analysts at BofA/Merrill upgrade Discover Financial Services (NYSE: DFS) from "neutral" to "buy." The target price for DFS is set to $17. DFS’s shares closed at $13.32 yesterday.
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AXP Raised To Buy
Tuesday, February 2, 2010 - 10:48am | 35Analysts at BofA/Merrill upgrade American Express (NYSE: AXP) from "neutral" to "buy." The target price for AXP is set to $44. AXP’s shares closed at $38.21 yesterday.
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Bruce Berkowitz of Fairholme Funds (FAIRX) Slashes Pfizer (PFE) Stake, Exits Boeing (BA) and Northrop Grumman (NOC); Adds to Berkshire Hathaway
Sunday, January 31, 2010 - 2:52pm | 1186Fresh off his "Morningstar Manager of the Decade", we have some update's on the moves of the very schrewd Bruce Berkowitz in relation to his Fairholme Fund (FAIRX). The biggest change is his massive stake in Pfizer (PFE) has been cut back severely; since the data is as of Nov 30th it looks like he...
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Piper Jaffray Increases Price Target, Maintains Overweight Rating on Dollar Financial
Friday, January 29, 2010 - 11:21am | 137Dollar Finanical’s (NASDAQ: DLLR) target price was increased to $34 from $28 in a Piper Jaffray research report released this morning. The price target increase was a result of a stellar 2Q. Dollar Financial exceeded street EPS high estimates by $.06 ($.60 vs. $0.54) due to accelerating revenue...
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Benzinga’s Top Upgrades (COF, CAH, DAI, TTWO, ISBC)
Friday, January 29, 2010 - 9:59am | 303Capital One Financial Corp. (NYSE: COF) was upgraded today by Sun Trust Rbsn Humphrey from Neutral to Buy with a price target of $50. Capital One Financial is now trading at $37.85, 3.02% up. Capital One Financial closed at $36.74 in the previous trading session. In the last year, COF has gained...
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American Express Falling Fast (AXP)
Thursday, January 28, 2010 - 1:46pm | 92A sell off is underway in shares of American Express (NYSE: AXP). The stock has been declining all day and is currently down 4.37%. American Express (AXP) is currently trading at $36.98 on the New York Stock Exchange. According to Google Finance, "American Express Company (American Express) is a...
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Pawn Shops Continue to Impress
Thursday, January 28, 2010 - 10:30am | 1281I highlighted the relative strength in the pawn shop sector about 5 weeks ago [Dec 16, 2009: Pawn Shops Breaking Out] - despite the recent selloff these stocks are among the best acting stocks in the market. Looks like we were about a year early on our thesis with the pawn shops - the "...
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WRLD Records 64.8% Jump In Q3
Thursday, January 28, 2010 - 8:28am | 147World Acceptance (NASDAQ: WRLD) reported its Q3 diluted EPS at $0.89 versus the consensus expectations of $0.66. This reflects 66.4% y/y growth from net income of $8.9 million. WRLD’s revenues for the quarter come at $112.3 million versus the Street view of $108.73 million, reflecting 13.3% growth...
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Have Markets Turned Negative?
Thursday, January 28, 2010 - 8:23am | 149According to Graham Bibby, CEO & CIO of Richmond Asset Management, markets are indecisive this year. Sharing his market outlook with CNBC, he said that the overall trend in the market has turned negative. He expressed his skepticism over the economic growth and said that he is not sure whether...
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Stocks That Created New 52-Week Highs (BBNK, CACC, KTCC, LCUT, SANM)
Wednesday, January 27, 2010 - 3:35pm | 307Bridge Capital Holdings (NASDAQ: BBNK) shares created a new 52-week high of $7.48, before falling to $7.46, reflecting a 0.13% increase. BBNK is scheduled to post results tomorrow. Read more about this company here. Credit Acceptance Corporation (NASDAQ: CACC) shares jumped 5.60% to create a new...
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United Steel (X) Loses Third of its Value in 5 Sessions as Reality Finally Trumps Perception
Wednesday, January 27, 2010 - 12:38pm | 1553United Steel (X), along with any number of names of late ... Capital One Financial (COF), Harley Davidson (HOG) come to mind but I am seeing many other examples... showcase why the stock market is such a difficult place to ply a trade. The latter two stocks were names I was attempting to short...
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Stock Market News for January 27, 2010 - Market News
Wednesday, January 27, 2010 - 10:27am | 431U.S. stocks ended Tuesday in negative territory as a late-session selloff in financial and basic material shares offset an earlier advance that was fueled by Apple’s strong quarterly numbers. A better-than-expected reading on consumer confidence also helped traders’ risk appetites, but failed to...
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American Express Company (AXP) Target Price Raised by RBC Capital Markets
Friday, January 22, 2010 - 4:19pm | 107Forget about American Express Company (NYSE: AXP) shares going to $28.00 this year. The new price target from RBC Capital Markets now suggests shares of AXP are worth $31.00. The revised target was provided in a report released on Friday, largely due to last quarter’s results from American Express...