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End-of-Day Market Summary for December 12, 2011
Monday, December 12, 2011 - 5:22pm | 610This is your Benzinga news summary for Monday, December 12, 2011, covering headlines from Monday's daytime trading session. Today at market close, the Dow Jones Index traded down about 162.72 points or 1.34%, the S&P 500 traded 1.49% lower, the Nasdaq Composite Index traded down 1.31%, and the...
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Afternoon Movers; Negative Euro News
Monday, December 12, 2011 - 5:00pm | 109Vulcan Materials Company (NYSE: VMC) +15.8% after merger offer from Martin Marietta Materials Imperva (NYSE: IMPV) +8.8% on heavy volume Nortek (NYSE: NTK) +7% on heavy volume Diamond Foods (NASDAQ: DMND) -22.3% after delayed 10-Q due to accounting distortions National Bank of Greece (NYSE: NBG) -...
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Top 4 Large-Cap Stocks In The Foreign Money Center Banks Industry With The Lowest PEG Ratio
Friday, December 9, 2011 - 5:11am | 130Below are the top large-cap foreign money center banks stocks on the NYSE and the NASDAQ in terms of PEG ratio. Lloyds Banking Group Plc (NYSE: LYG) has a PEG ratio of 0.29. LYG's trailing-twelve-month revenue is $17.34 billion. Banco Santander SA (NYSE: STD) has a PEG ratio of 0.59. STD's...
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Yanni's ETF: Greece ETF Not Bad In First Trading Day
Thursday, December 8, 2011 - 5:42pm | 393Thank goodness there's finally an ETF for Greek music star Yanni. Kidding aside, Thursday marked the debut of the first Greece-specific ETF, the Global X FTSE Greece 20 ETF (NYSE: GREK). Looking at the Yahoo Finance data, GREK's first day of trading wasn't all that bad. The ETF opened at $14.80...
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Top Performing Industries For December 5
Monday, December 5, 2011 - 11:22am | 181At 10:20 am, the Dow surged 1.28% to 12,173.13, the broader Standard & Poor's 500 index moved up 1.57% to 1,263.81 and the NASDAQ composite index gained 1.49% to 2,666.01. The industries that are driving the market today are: Foreign Money Center Banks: This industry jumped 3.18% by 10:20 am...
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Lloyds Banking Group CEO to Take Medical Leave
Wednesday, November 2, 2011 - 7:50am | 120The Board of Lloyds Banking Group (NYSE: LYG) announces that following medical advice António Horta-Osório is taking a temporary leave of absence from his duties as Group Chief Executive of the bank due to illness. António is expected to return to his position before the end of the year. The...
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How to Trade on Greek Riots Against Austerity Measures
Thursday, October 20, 2011 - 8:24am | 821Much of Greece has been shut down for the second day in a row as Greek citizens protest against an upcoming parliamentary vote on yet another round of austerity measures. Passage of the latest round of austerity measures being debated in parliament is necessary in order for the Greek government to...
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Top 4 Large-Cap Stocks In The Foreign Money Center Banks Industry With The Lowest PEG Ratio
Thursday, October 20, 2011 - 4:53am | 124Below are the top large-cap foreign money center banks stocks on the NYSE and the NASDAQ in terms of PEG ratio. Lloyds Banking Group Plc (NYSE: LYG) has a PEG ratio of 0.47. LYG's trailing-twelve-month revenue is $20.16 billion. Itau Unibanco Banco Holding SA (NYSE: ITUB) has a PEG ratio of 0.52...
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Top 4 Large-Cap Stocks In The Foreign Money Center Banks Industry With The Lowest PEG Ratio
Thursday, October 20, 2011 - 4:53am | 124Below are the top large-cap foreign money center banks stocks on the NYSE and the NASDAQ in terms of PEG ratio. Lloyds Banking Group Plc (NYSE: LYG) has a PEG ratio of 0.47. LYG's trailing-twelve-month revenue is $20.16 billion. Itau Unibanco Banco Holding SA (NYSE: ITUB) has a PEG ratio of 0.52...
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How to Profit From Fitch Ratings Downgrade of Big Banks
Friday, October 14, 2011 - 8:00am | 554Fitch Ratings downgraded the credit ratings of three top European banks and put several other European and American banking giants on notice that they could soon be downgraded as well. Fitch Ratings said that it lowered the credit ratings of UBS AG (NYSE: UBS), Lloyds Banking Group (NYSE: LYG) and...
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Fitch Lowers Rating On 4 European Banks
Friday, October 14, 2011 - 4:00am | 107Fitch Ratings downgraded 4 European banks. Fitch lowered its rating on Landesbank Berlin Holding AG from double A-minus to A-plus. Fitch also lowered its rating on Lloyds Banking Group PLC (NYSE: LYG) from double A-minus to A. It also downgraded Royal Bank of Scotland Group PLC (NYSE: RBS) from...
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Benzinga's Top Downgrades
Wednesday, October 12, 2011 - 7:54am | 139Analysts at Canaccord Genuity downgraded Lloyds Banking Group Plc (NYSE: LYG) from “buy” to “hold.” LYG's shares closed at $2.22 yesterday. Lloyds Banking's trailing-twelve-month profit margin is -43.30%. The Benchmark Company downgraded Rackspace Hosting Inc (NYSE: RAX) from “buy” to “hold.” RAX'...
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You Can't Put Out a Greece Fire With Money
Tuesday, October 11, 2011 - 12:02pm | 999This morning we got an announcement from the "troika" that Greece would get the €8 billion ($11 billion) in aid it was promised under the first Greek bailout in 2010, with the payment likely coming in November. Despite getting the payment issue all but settled, the troika, which includes the...
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How to Profit From German Decision to Support the Euro
Thursday, September 29, 2011 - 8:45am | 684The government of German Chancellor Angela Merkel won a victory on Thursday when the German parliament passed a vote expanding the powers of the institution charged with saving troubled eurozone members like Greece, Ireland and Italy from default. The German Parliament overwhelmingly approved a...
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How to Trade Moody's Downgrade of Greek Banks
Friday, September 23, 2011 - 8:30am | 841Moody's Investors Service downgraded 8 Greek banks on Friday, citing the banks' exposure to Greek government bonds and a worsening Greek economy. Earlier this year, all of Greece's major banks agreed to a government bond swap that resulted in them reporting billions of euros in losses, which hurt...