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Keefe, Bruyette & Woods Raises Price Target On Discover Financial Services To $31
Friday, June 24, 2011 - 6:31am | 54According to Keefe, Bruyette & Woods, Discover Financial Services (NYSE: DFS) price target is raised to $31. Keefe, Bruyette & Woods said that, following Discover Financial Services' F2Q11 earnings announcement, it is raising its F2011 and F2012 EPS estimates and price target. Discover...
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Credit Suisse Updates 6/24/11
Friday, June 24, 2011 - 6:21am | 325Credit Suisse made a number of updates in a research report published today, Southern Company (NYSE: SO) had its rating upgraded from Neutral to Outperform. At the same time, its price target was raised from $40 to $45. On Thursday, Southern lost 0.56% of its value to close the day at $39.34. Its...
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Goldman Sachs Raises PT On Discover Financial To $28
Friday, June 24, 2011 - 6:01am | 28Goldman Sachs has raised the price target on Discover Financial Services (NYSE: DFS) from $27 to $28 and maintains its Neutral rating.
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JP Morgan Raises PT On Discover Financial To $26
Friday, June 24, 2011 - 5:10am | 28JP Morgan has raised the price target on Discover Financial Services (NYSE: DFS) from $24 to $26 and maintains its Neutral rating.
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Credit Suisse Changes PT On AGU, CAH, DFS, MU
Friday, June 24, 2011 - 4:48am | 71Credit Suisse has changed the price target on the following companies: Agrium (NYSE: AGU) Outperform, from $108 to $111 Cardinal Health (NYSE: CAH) Outperform, from $51 to $53 Discover Financial Services (NYSE: DFS) Neutral, from $25 to $28 Micron Technology (NASDAQ: MU) Outperform, from $15 to...
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Stocks to Watch for 6/24/11: Fresh 52 Week Highs and Lows
Friday, June 24, 2011 - 3:30am | 2005Stocks 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: 1) Bristol-Myers Squibb (NYSE: BMY): Shares of Bristol-Myers Squibb hit a 52-week...
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Mad Money Lightning Round: Cramer Likes Apple, Freeport McMoRan
Thursday, June 23, 2011 - 11:54pm | 228On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Apple (NASDAQ: AAPL) “appears to have recently bottomed at $310 a share. It sells at just three times cash. I believe that Apple can go higher." Cramer said that he “did a huge mea culpa on Oclaro (NASDAQ: OCLR).” He added, “I...
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Market Roundup
Thursday, June 23, 2011 - 9:40am | 424Shares of Rite Aid Corp (NYSE: RAD) gained about 3.5% after the company reported narrower-than-expected first-quarter loss. Rite Aid's quarterly narrowed to $65.5 million, or $0.07 per share, from $76 million, or $0.09 per share, in the year-earlier period. Its revenue came in at $6.39 billion....
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UPDATE: Discover Reports Upbeat FQ2 Results
Thursday, June 23, 2011 - 8:25am | 80Discover Financial Services (NYSE: DFS) reported upbeat fiscal second-quarter results on Thursday. Discover's quarterly profit surged to $600 million, or $1.09 per share, from a year-ago profit of $258 million, or $0.33 per share. Its revenue net of interest expense climbed 4.6% to $1.74 billion....
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American Express and foursquare Announce National Partnership
Thursday, June 23, 2011 - 7:02am | 55American Express (NYSE: AXP) and foursquare today announced the national rollout of their partnership, which enables American Express® Cardmembers who link their foursquare profiles to their cards to “load” and redeem merchant Specials without the need for coupons, special codes, or showing their...
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US Stock Futures Down After Fed Outlook; Jobless Claims Data In Focus
Thursday, June 23, 2011 - 5:14am | 566US stock futures are lower this morning, after the Federal Reserve lowered its outlook for US economic growth. Futures on the Dow Jones Industrial Average dipped 45 points to 11,978.00 and futures on the S&P 500 stock index fell 6.10 points to 1,273.70. Nasdaq 100 futures dropped 8.50 points to...
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Earnings Scheduled For June 23
Wednesday, June 22, 2011 - 11:23pm | 258Discover Financial Services (NYSE: DFS) is projected to post its Q2 EPS at $0.70 on revenue of $1.70 billion. H&R Block Inc (NYSE: HRB) is expected to report its Q4 earnings at $2.15 per share on revenue of $2.32 billion. Oracle Corp (NASDAQ: ORCL) is estimated to post its Q4 earnings at $0...
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Stocks To Watch For June 23
Wednesday, June 22, 2011 - 11:15pm | 278Some of the stocks that may grab investor focus today are: Wall Street expects Micron Technology Inc (NASDAQ: MU) to report its Q3 earnings at $0.16 per share on revenue of $2.37 billion. MU shares dropped 0.24% to $8.15 in after-hours trading. Bed Bath & Beyond Inc (NASDAQ: BBBY) reported an...
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 4:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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J.P. Morgan Reports On Latest Acquisition For CATM
Wednesday, June 22, 2011 - 7:44am | 120J.P. Morgan is reiterating its Overweight rating on Cardtronics (NASDAQ: CATM) as the company announced an agreement to acquire a large number of ATMs. According to J.P. Morgan, “This evening, Cardtronics, Inc (OW) announced a definitive agreement to acquire ~3,700 ATMs and retail placement and...