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Company News for July 7, 2010 - Corporate Summary
Wednesday, July 7, 2010 - 10:13am | 204• Microsoft (NASDAQ:MSFT) is reportedly planning to cut a small number of positions this week • Family Dollar Stores (NYSE:FDO) reported a 19% rise in fiscal third-quarter earnings to 77 cents from 62 cents a year ago, one cent higher than Zacks estimates, on an 8.4% gain in revenues to $2 billion...
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Oversold Bounce in Bearish Market 07-06-2010
Tuesday, July 6, 2010 - 2:55pm | 737Cusick’s Corner This is a nice bounce into the Midday after a great long weekend but it seems to be more of an oversold bounce in a bearish tending market. There is a lack of volume in key sectors -- Consumer Discretionary (XLI), Finance (XLF), Tech (XLK), and Industrials (XLI), plus there needs...
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Lloyds Banking (LYG) Sells Private Equity Investments
Monday, July 5, 2010 - 7:25am | 118Lloyds Banking Group (NYSE: LYG) announced on Monday that it is selling 40 private equity investments that are currently held by its Bank of Scotland Integrated Finance business unit to a joint venture called Cavendish Square Partners. Coller Capital, which owns about 70% of the joint venture, is...
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NYT: Economies in Latin America Race Ahead
Friday, July 2, 2010 - 2:29pm | 2375A nice piece in the New York Times on the strength in some of the Latin American economies. While we focus on Brazil here, we've also discussed Chile in the past; actually a fascinating article about how different the Chile financial leaders were than their American counterparts - saving for a...
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Top 4 Stocks In The Foreign Regional Banks With The Lowest PEG Ratio (BSBR, IBN, HDB, BBVA)
Friday, July 2, 2010 - 6:40am | 127Below are the top foreign regional banks stocks on the NYSE and the NASDAQ, in terms of PEG ratio. Banco Santander Brasil SA (NYSE: BSBR) has a PEG ratio of 0.59. BSBR’s quarterly earnings soared 142.40% y/y. ICICI Bank Limited (NYSE: IBN) has a PEG ratio of 0.73. IBN’s quarterly earnings jumped 79...
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Goldman Leads The Charge
Thursday, July 1, 2010 - 1:21pm | 290In an attempt to recapture the sharp losses on the day, Goldman Sachs Group, Inc. (NYSE: GS) ripped higher, charging to the positive side. All day it has been interesting to watch this stock. Known as a market leader and leading indicator, it was never down that much while other financial stocks...
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News Summary (BAC, AIB, BP, AAPL, GOOG, CSCO)
Wednesday, June 30, 2010 - 1:29pm | 229Bank of America (NYSE: BAC) has gained top ranking in the world, based on tier-1 capital, toppling JPMorgan Chase (NYSE: JPM). In terms of profit talking, Industrial and Commercial Bank of China was the world’s best. Meanwhile, Anglo Irish Bank (NYSE: AIB) posted the biggest loss of $18.5 billion....
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Company News for June 30, 2010 - Corporate Summary
Wednesday, June 30, 2010 - 10:37am | 392• General Mills (NYSE: GIS) raised its dividend before reporting inline fiscal fourth-quarter earnings of 41 cents a share, but its guidance for fiscal 2011 came in below Street expectations. Revenues of $3.57 billion were in-line with Zacks projections of $3.57 billion, but were off 2.1% from a...
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US Financial Stocks Tumble As Investor Sentiments Weaken
Tuesday, June 29, 2010 - 4:41pm | 254All leading US financial companies dipped today as investor sentiments frayed over weak economic data from China and a dip in consumer confidence index in the US. The Financial Select Sector SPDR exchange-traded fund, which tracks the financial stocks in the S&P 500 Index, lost 3.24% at 3:33 pm...
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Mexican Drug Cartels Laundered Money Through Wachovia, BofA (BAC, WFC)
Tuesday, June 29, 2010 - 12:33pm | 229Wachovia and Bank of America (NYSE: BAC) have been helping Mexican drug cartels launder money for years, Bloomberg reports. Wells Fargo (NYSE: WFC), the new owners of Wachovia, admitted in court that Wachovia helped Mexican drug dealers clean drug money, including cash that was used to buy four...
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Analyst Recommends JPMorgan, Morgan Stanley (JPM, MS, GS, PNC,USB, BAC)
Tuesday, June 29, 2010 - 12:06pm | 145Lawmakers have agreed upon a deal on financial reform. In an interview with CNBC, Paul Miller, group head of financial services at FBR Capital, discussed its implications on the market. He said that currently stocks like Morgan Stanley (NYSE: MS), JPMorgan (NYSE: JPM) and Goldman Sachs (NYSE: GS)...
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The Current Alignment Of Bullish And Bearish Forces
Saturday, June 26, 2010 - 11:19pm | 2846On April 30th in The Coming Crash: Four Reasons Pro and Con, we examined the array of bullish and bearish forces, and argued that the bearish case was overwhelmingly strong. As the below monthly chart shows, it was a timely exercise. Because we need to do this for our own background research, we...
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Stocks Going Ex Dividend the First Week of July 2010
Saturday, June 26, 2010 - 10:59pm | 657Here 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...
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Calls Rolled on Novatel Wireless (NVTL)
Friday, June 25, 2010 - 3:04pm | 146Shares of Novatel Wireless Inc. (NASDAQ: NVTL) are higher on the session by 1.75%, currently trading at $5.80. The stock has been trading largely lower over the past six months and is currently trading in a technical downtrend. Options traders are rolling a long call position today in NVTL. The...
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FinReg Near, Financial Stocks Rally
Friday, June 25, 2010 - 12:22pm | 211Financial regulation is almost complete as lawmakers put the final touches on a new bill in the next few days. The financial stocks have been worried about this bill and have sold off accordingly in the last few months. As this saga is now coming to a close, the financial stocks like Goldman Sachs...