-
Wells, Bank of America Go 'Reverse' Route
Wednesday, July 21, 2010 - 7:10am | 163BOSTON (TheStreet) -- As 79 million Baby Boomers march toward retirement, Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC) and MetLife (NYSE: MET) are there to offer reverse mortgages. The three companies account for 52% of the retail and wholesale reverse-mortgage marketplace, according to...
-
Stocks To Watch For July 21 (AAPL, YHOO, JNPR. EBAY, SBUX, MS, WFC, KO, UTX, LCC)
Wednesday, July 21, 2010 - 7:04am | 397Some of the stocks that may grab investor focus today are: Apple Inc (NASDAQ: AAPL) reported better-than-expected Q3 earnings due to strong rise in the demand for its iPhone and iPad devices. The company’s revenue increased 61% to $15.7 billion. AAPL’s shares jumped 3.40% to $260.45 in pre-market...
-
Comerica Swings To Profit (CMA)
Wednesday, July 21, 2010 - 6:59am | 150Comerica Incorporated (NYSE: CMA) announced on Wednesday morning that it easily beat consensus Wall Street earnings estimates. Comerica Incorporated (CMA) reported a 2nd quarter net income attributable to common shares of $69 million, or 39 cents per share, compared to a net loss $16 million, or 11...
-
ETFs To Watch July 21, 2010 (XLB, EWA, UCO, MTK)
Wednesday, July 21, 2010 - 5:28am | 259Here is the ETF Professor's ETF Watch List for Wednesday July 21, 2010. Play Apple's (Nasdaq: AAPL) earnings with the PowerShares QQQ (Nasdaq: QQQQ) and the SPDR Morgan Stanley Technology ETF (NYSE: MTK). Play earnings from Morgan Stanley (NYSE: MS) and Wells Fargo (NYSE: WFC) with the Financial...
-
Mega Banks Squeezing Out Smaller Players (JPM, BAC, C, WFC)
Tuesday, July 20, 2010 - 1:19pm | 199Bank of America Corp. (NYSE: BAC), J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC), which are "squeezing" and "hoarding" customers "any way they can," according to Jeff Wagner, chief financial officer at Florida Business Bank. This practice is severely hurting the...
-
HDFC Bank (HDB) - Another Solid Quarter
Tuesday, July 20, 2010 - 8:00am | 1069First a few quick words on earnings season - just over a week into it and "sell the news" is dominating. Last evening we had IBM and Texas Instruments. IBM is doing fine on the bottom line but the top line is struggling. This is not really an American company anymore - but a true multinational...
-
Financial Stocks Continue To Be Under Pressure
Monday, July 19, 2010 - 2:30pm | 152Following the earnings of Bank of America Corporation (NYSE: BAC) last Friday morning, financial stocks have been under serious pressure. Bank of America continues to sell off today, down another 4% to $13.45. JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs Group, Inc. (NYSE: GS) and Wells...
-
Stock Market News for July 19, 2010 - Market News
Monday, July 19, 2010 - 9:46am | 497Consumers’ growing pessimism about the economic recovery shook investors’ confidence on Friday, sending major averages off at least 2%, even as some companies reported better-than-anticipated quarterly numbers. Financials led on the downside after some big names from the sector posted weaker-than-...
-
Looking at the Big Picture
Saturday, July 17, 2010 - 9:40pm | 763One of the tools we use day in day out to look at the markets is multiple timeframe analysis. What this means is looking at our charts in different timeframes. This could mean a 15min chart, a daily chart, or a weekly chart. Each timeframe tells a slightly different story, it is the combination...
-
Hedge Fund King Paulson Having A Rough Year (BAC, WFC, GLD, C)
Friday, July 16, 2010 - 3:00pm | 452John Paulson, the hedge fund manager who made billions by predicting the collapse of the sub-prime mortgage market, has fallen on hard times...relatively speaking. Bloomberg News has recently reported that Paulson's $9 billion Advantage fund lost 5.8% in the first six months of 2010. His Advantage...
-
A Look Ahead at Earnings Next Week
Friday, July 16, 2010 - 2:23pm | 970With the S&P 500 grasping at 1070, and yet another "90% day" as the student body has run back to the left ("risk off" stampede), let's take a look ahead at the key reports next week; both for the greater market and what we have our eyes on. The next 3 weeks are the heart of the earnings season...
-
Reform or Not, Bank Creditors Are Scared
Friday, July 16, 2010 - 11:55am | 227NEW YORK (TheStreet) -- It's hard to find anyone really fired up about the Dodd-Frank Wall Street Reform and Consumer Protection Act, but at least one of the legislation's goals appears to be being met: Bank creditors are scared. Scaring creditors of big, systemically important banks like Citigroup...
-
Stocks Going Ex Dividend the Fourth Week of July
Thursday, July 15, 2010 - 11:56pm | 660Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
-
News Summary (JPM, HBC, BA, RTN, NOC)
Thursday, July 15, 2010 - 10:43am | 234The general view of the Q2 results posted by JP Morgan (NYSE: JPM) is positive as the "book value increased, the credit outlook improved." However, Dick Bove is not impressed. Referring to the EPS of $1.09, Bove says, "On the whole this number is not a good number." "It's here because they've taken...
-
Dick Bove Says This Was A Bad Quarter for JPMorgan
Thursday, July 15, 2010 - 7:14am | 120On CNBC's Squawk Box this morning, Rochdale Securities analyst Dick Bove said most of the results from the JPMorgan (NYSE: JPM) were bad. Dick Bove Says you want to see revenue rise, but that didn't happen. Also, trading at JPMorgan was down 50%. The only thing Dick Bove liked from the quarter was...