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Wells Fargo Pressured Today (WFC)
Tuesday, August 3, 2010 - 3:32pm | 117Shares of Wells Fargo (NYSE: WFC) have been under a little bit of pressure on Tuesday, declining 1.37% to $28.19. Volume has been noticeably light, however. Over the last 3-months, WFC has fallen almost 17%. The shares are trading at a forward P/E of 9.86 and a PEG ratio of 1.44. The bank has a...
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Benzinga’s Top Downgrades (YARIY, TEF, HBC, PT)
Tuesday, August 3, 2010 - 9:04am | 147Yara International (OTC: YARIY) was downgraded by Credit Suisse from "outperform" to "neutral." YARIY’s shares closed at $40.26 yesterday. Yara International’s 52-week trading range is $25.65 - $49.60. Citigroup downgraded Telefonica SA (NYSE: TEF) from “buy” to “hold.” TEF’s shares closed at $70....
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Small-Cap Tech Stocks With Blowout Earnings
Tuesday, August 3, 2010 - 8:55am | 363BOSTON (TheStreet) -- Technology companies have produced blowout earnings, with companies such as Apple (Nasdaq: AAPL) and Intel (Nasdaq: INTC) hogging the headlines. Here are five small-cap tech firms thriving in the recovery of business spending. They are ordered by net-income growth, from fast...
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August Opens Strong Like Bull 08-01-2010
Monday, August 2, 2010 - 6:39pm | 804Cusick’s Corner August opened strong by taking the bull by the horns and taking it for a ride. All the major indices closed in the green. While the After Hours did have further upside, this move was grinding and rather uneventful. The market was focused on continuing this uptrend, breaking...
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US Bancorp Pacts with Nuveen - Analyst Blog
Monday, August 2, 2010 - 3:12pm | 493US Bancorp (USB) has announced a strategic alliance with Nuveen Investments Inc. In exchange of the long-term asset management business of FAF Advisors, an affiliate of the company and advisor to the First American Funds family of mutual funds, US Bancorp would acquire a 9.5% stake in Nuveen,...
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Clues World Economies May Be Healthier Than Anticipated 08-02-2010
Monday, August 2, 2010 - 2:44pm | 786Cusick’s Corner After the early session pop, trading has been a grinding to the upside and the bulls are in control. The trading volume has been light, typical for summer. Adding a little more fuel to this upside move -- Copper (HGU10 +.075) and Crude (CLU10 +2.39), both plays that the world’s...
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RBS Plans to Sell Off Assets - Analyst Blog
Monday, August 2, 2010 - 2:21pm | 653Royal Bank of Scotland Group plc (RBS) is planning to sell off assets worth £4.3 billion ($6.71 billion), in continuity in its efforts to shrink the balance sheet, according to Wall Street Journal. RBS plans to vend off 318 U.K. branches to Spain 's Banco Santander SA (STD) for around £1.8...
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August Starts Hot on Wall Street; Dow Climbs 175
Monday, August 2, 2010 - 1:56pm | 159Following up its best month in a year, the Dow jumped about 175 points Monday afternoon as stronger-than-expected global manufacturing data and financial results spark a bullish kickoff to August. Today’s Markets As of 12:50 p.m. ET, the Dow Jones Industrial Average jumped 165.37 points, or 1.58...
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ICICI Bank's Earnings Climb - Analyst Blog
Monday, August 2, 2010 - 11:13am | 721ICICI Bank Limited (IBN) reported 2011 fiscal first quarter (ended June 30) profit of INR10.26 billion (US$221 million), an increase of 16.9% year over year from INR8.78 billion (US$189 million). Results in the reported quarter were primarily driven by an increase in fee income, lease and other...
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Stock Market News for August 2, 2010 - Market News
Monday, August 2, 2010 - 10:22am | 812Even as a disappointing gross domestic product report weighed on sentiments Friday, stocks managed to record their best month in a year as some strong quarterly earnings reports overshadowed concerns about economic recovery. Although July was volatile, the performance of markets was indeed...
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A Peek Into The Market At The Start Of The Trading Day
Monday, August 2, 2010 - 9:53am | 407Pre-open movers US stock futures jumped up today, driven by impressive earnings reported by HSBC Holdings (NYSE: HBC). While futures on the Dow Jones Industrial Average climbed 126 points to 10,543, those on the S&P 500 added 15.40 points to 1,114. Meanwhile, Nasdaq 100 futures gained 21.25...
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US Stock Futures Signal A Strong Start
Monday, August 2, 2010 - 9:36am | 224US stock futures jumped up today, driven by impressive earnings reported by HSBC Holdings and BNP Paribas. While futures on the Dow Jones Industrial Average climbed 126 points to 10,543, those on the S&P 500 added 15.40 points to 1,114. Meanwhile, Nasdaq 100 futures gained 21.25 points to 1884...
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Stock Index Futures Soaring (SPX, DJIA, RIMM)
Monday, August 2, 2010 - 9:05am | 207Stock index futures are soaring this morning after impressive earnings out of Europe and a better-than-expected manufacturing reading out of China. Europe's HSBC (NYSE: HBC) gained more than 5% in pre-market trading after Europe's biggest bank reported a profit that came in ahead of expectations....
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Benzinga’s Top Upgrades (IBN, BYD, APL, KO)
Monday, August 2, 2010 - 7:32am | 154ICICI Bank Limited (NYSE: IBN) was upgraded by Credit Suisse from "neutral" to "outperform." IBN’s shares closed at $38.91 on Friday. ICICI Bank’s quarterly earnings jumped 79.30% y/y. Jefferies & Co upgraded Boyd Gaming Corporation (NYSE: BYD) from "underperform" to "hold." BYD’s shares closed...
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BP Officially Puts Pakistan, Vietnam Assets Up For Sale
Sunday, August 1, 2010 - 2:21am | 169BP (NYSE: BP), Europe's largest oil company by production volume, has notified the the governments of Vietnam and Pakistan that it wants to sell its assets in those countries. Speculation had increased over the past week that BP would sell its stake in the Nam Con Son gas project in Vietnam to a...