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“Stop Trading!” Jim Cramer Thinks INTC Is Undervalued
Thursday, July 15, 2010 - 6:57am | 289In his Wednesday’s “Stop Trading!” segment aired on CNBC, Jim Cramer said that Intel (NASDAQ: INTC) is undervalued and those who are ignoring the stock are in a "wrong." He emphasized, “I think people should listen to [Intel's] conference call." Although he accepted that analysts "hate" the stock,...
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J.P. Morgan Reiterates Neutral Rating on Safeway (SWY)
Tuesday, July 13, 2010 - 9:25am | 362J.P. Morgan is out with a research report this morning, where it reiterates its Neutral rating on Safeway (NYSE: SWY) ahead of earnings; it has a $22.00 price target on the stock. The JPM analysts said, “Safeway will report 2Q10 results on July 22nd (BMO). Into the print, we are modeling EPS of $0...
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J.P. Morgan Reiterates Overweight Rating on Vitamin Shoppe (VSI)
Tuesday, July 13, 2010 - 9:23am | 341J.P. Morgan is out with a research report this morning, where it reiterates its Overweight rating on shares of Vitamin Shoppe Inc. (NYSE: VSI); it has a $28.00 price target on the stock. The JPM analysts said, “Vitamin Shoppe will report 2Q10 EPS on July 22 (BMO), and we are modeling 7.0% SSS...
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Top 4 NYSE Stocks In The Finance Industry With The Highest Cash (DB, BCS, UBS, GS)
Tuesday, July 13, 2010 - 5:53am | 124Below are the top finance stocks on the NYSE in terms of cash. Deutsche Bank AG (NYSE: DB) had $1.35 trillion in total cash for the latest quarter. Meanwhile, DB’s total debt amounted to $451.41 billion. Barclays PLC (NYSE: BCS) had $1.24 trillion in total cash and $652.05 billion in total debt for...
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BMO Investments Inc. Launches New Mutual Fund Portfolios of Exchange Traded Funds, Providing Investors More Access to the ETF Market
Monday, July 12, 2010 - 5:01pm | 221BMO Investments Inc. (TSX:BMO)(NYSE:BMO) today announced the launch of a new series of four mutual fund portfolios that invest primarily in exchange traded funds (ETFs), giving investors(...)Read the rest of BMO Investments Inc. Launches New Mutual Fund Portfolios of Exchange Traded Funds,...
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Are Taxes More to Fear Than a Market Decline?
Monday, July 12, 2010 - 3:15pm | 180BOSTON (TheStreet) -- Investors are jittery about the stock market's decline to a 10-month low earlier this month, and many are piling into bonds. But they may have more to lose in the form of higher taxes. Although a dip in stocks is immediately felt in investment and retirement funds, new and...
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Avoiding Ireland
Monday, July 12, 2010 - 3:06pm | 193While some of Europe is emerging into bargain territory, investors should still approach Ireland with caution. Recently, Irish Prime Minister Brian Cowen said Allied Irish Banks (NYSE: AIB), the nation’s second biggest lender, may need more state support to meet new capital targets. The Irish bank...
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Company News for July 12, 2010 - Corporate Summary
Monday, July 12, 2010 - 9:36am | 194• BP (NYSE:BP) is reportedly in talks to sell up to $12 billion in assets • Weyerhaeuser (NYSE:WY) declared a special $5.6 billion dividend, tied to its REIT conversion • AON (NYSE:AON) plans to purchase Hewitt (NYSE:HEW) for $4.9 billion, or $50.00 per share in cash • Goldman Sachs (NYSE:GS) added...
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McAfee Leads in USB Devices - Analyst Blog
Thursday, July 8, 2010 - 4:42pm | 625Internet security company McAfee Inc. (MFE) has announced that it is now the dominant original equipment manufacturer (OEM) for universal serial bus (USB) devices, with two-thirds of manufacturers across the world opting for its security solutions. The company’s current USB partners include...
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What's Hot on TheStreet (AAPL, GOOG, STT, JPM, WFC, BAC)
Thursday, July 8, 2010 - 12:47pm | 316Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Google Streams Over Apple's Wall It's war. Google Inc. (NASDAQ: GOOG)'s mobile Web versus Apple Inc. (NASDAQ: AAPL)'s mobile apps. And the battle is heating up as a new YouTube video streaming site attempts to...
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Company News for July 8, 2010 - Corporate Summary
Thursday, July 8, 2010 - 9:42am | 156• Reports said BP (NYSE:BP) is working on a plan to cap the spill as early as July 27, but noted it could be "unlikely" • Wells Fargo (NYSE:WFC) plans to cut 3,800 jobs and close its subprime unit • MasterCard (NYSE:MA) reported June luxury purchases fell for the first time since last November • ...
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Benzinga's Top ETF Decliners (DRV, FAZ, TYP, TZA)
Wednesday, July 7, 2010 - 4:59pm | 226Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) fell 14.74% on Wednesday, as real estate sector stocks rallied. Vornado Realty Trust (NYSE: VNO) gained 4.83%, and Boston Properties, Inc. (NYSE: BXP) jumped 5.34%. Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) was also struggling...
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Benzinga's Top ETF Gainers (SOXL, DRN, FAS, TYH)
Wednesday, July 7, 2010 - 4:44pm | 205Direxion Daily Semiconductor Bull 3X (NYSE: SOXL) gained 15.71% today, as the semiconductor sector traded higher. Intel Corporation (NASDAQ: INTC) gained 3.40%, while Marvell Technology Group Ltd. (NASDAQ: MRVL) jumped 4.62%. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) managed to break the...
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Bid Lacks Conviction 07-07-2010
Wednesday, July 7, 2010 - 2:45pm | 749Cusick’s Corner This is a nice move to the upside that looks to be shaking out some of the shorts going into the Midday -- typical as far as moves go in a bearish trending market. Traders are hard pressed to position on the long side because the bid does not have the conviction that is necessary...
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Calls Purchased on Banco Santander (STD)
Wednesday, July 7, 2010 - 11:20am | 151Shares of Banco Santander SA (NYSE: STD) are higher on the session by 7.32%, currently trading at $12.32. The stock has been trading largely lower for the past six months, but appears to be making a turn as of late. The chart looks to have made a reverse head-and-shoulders bottom. Options traders...