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Benzinga’s Top Downgrades (RIMM, AMSF, LXU, BAP)
Friday, June 25, 2010 - 9:38am | 147Research In Motion Limited (NASDAQ: RIMM) was downgraded by Robert W Baird from “outperform” to “neutral.” RIMM’s shares closed at $58.58 yesterday. Research In Motion’s 52-week trading range is $54.30-$88.08. Oppenheimer downgraded Amerisafe Inc (NASDAQ: AMSF) from “outperform” to “perform.” AMSF’...
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Stock Market News for June 24, 2010 - Market News
Thursday, June 24, 2010 - 10:14am | 472Stocks swung between gains and losses in the final two hours of trading before ending mixed as the Federal Reserve assumed a cautious tone in its take on the economy. While keeping the key fed funds rate at historic lows, the policymakers noted that the financial conditions were less supportive...
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Calls Sold on Autodesk (ADSK)
Thursday, June 24, 2010 - 10:05am | 151Shares of Autodesk Inc. (NASDAQ: ADSK) are lower on the session by 1.94%, currently trading at $27.29. The stock is lower today on the heels of their Q2 earnings report, which was not terrible, though appears to have not met traders’ expectations. Options traders are selling calls on the name...
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Mad Money Lightning Round: Cramer Prefers Baidu Over Google
Thursday, June 24, 2010 - 8:49am | 216In his "Mad Money Lightning Round" on Wednesday, Jim Cramer remarked that Ultra Petroleum (NYSE: UPL) is a brilliant stock and the company has made a lot of money in the previous years. After rising 0.34% yesterday, Ultra Petroleum dropped 0.64% in the after-hours trading session. When asked about...
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Fast Money's Trades For Wednesday
Tuesday, June 22, 2010 - 6:38pm | 140At the end of today's Fast Money show, The Fast Money traders threw out their best stock trades for Wednesday morning. Joe Terranova is bullish on large grocer Kroger (KR) as a defensive play. Tim Seymour's pick is Spanish bank Banco Santander (STD). Guy Adami advises traders to get long Jeffries (...
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Financial Stocks Still Clouded By Lawsuits and Regulation
Tuesday, June 22, 2010 - 1:28pm | 338Financial stocks still have a dark cloud over them due to the continued litigation threat and looming financial regulation. Stocks like Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC) and Morgan Stanley (NYSE: MS) are mixed on the...
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Benzinga’s Top Downgrades (AIPC, NOV, AFFY, NBG)
Tuesday, June 22, 2010 - 8:08am | 148American Italian Pasta Company (NASDAQ: AIPC) was downgraded by SunTrust from “buy” to “neutral.” AIPC’s shares closed at $52.66 yesterday. American Italian Pasta’s quarterly earnings fell 13.43%. Citigroup downgraded National-Oilwell Varco Inc (NYSE: NOV) from “buy” to “hold.” NOV’s shares closed...
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Citigroup Downgrades NBG To Hold
Tuesday, June 22, 2010 - 6:28am | 40Analysts at Citigroup downgrade National Bank of Greece (NYSE: NBG) from "buy" to "hold." NBG’s shares closed at $2.46 yesterday. More Analyst Ratings here
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Restructuring World: Major Spin-Offs From Major Companies (AIG, PUK, AMR, BAC, BCS, BP, GE, GENZ, HBC, LMT, MDR, MOT, STR, SUN, VZ, FTR, VSH)
Monday, June 21, 2010 - 7:47am | 346Restructuring never ends in many large corporations. After a week’s worth of reading through dozens of corporate deals in the pipeline and analyzing others which could be close, it seems that many of America’s (and ex-US) largest companies are about to go through major changes because of asset...
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A Spanish Bank With A Great Yield (STD)
Saturday, June 19, 2010 - 8:33pm | 135Cramer likes Banco Santander (STD). He thinks that the Spanish bank's results were very impressive. Cramer likes the fact that the bank has limited exposure to the debt crisis in Spain. The bank has recently struck deals with Bank of America, M&T Bank, and Royal Bank of Scotland. Banco...
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The Commercial Bubble is So 2009
Friday, June 18, 2010 - 1:45pm | 214NEW YORK (TheStreet) -- Commercial loans had been cast as a horrific mess headed straight for the banking sector as recently as six months ago, but the impact is proving to be less painful and more targeted than some had feared. Here's why: Big banks have relatively little exposure to commercial...
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Call Position Extended on Comerica (CMA)
Friday, June 18, 2010 - 11:34am | 148Shares of Comerica Inc. (NYSE: CMA) are higher on the session by 2.14%, currently trading at $39.21. The stock has been staging a small comeback over the past week after a strong move lower in May. Options traders believe that a rally will continue in the name. The June $40 call was sold 2,000...
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Banco Santander To Bid For RBS Branches
Friday, June 18, 2010 - 5:17am | 86Banco Santander (NYSE: STD), Europe's largest bank by assets, said it will offer between $2.2 billion and $2.7 billion for 300 Royal Bank of Scotland (NYSE: RBS) branches. Press reports are saying Spain's Santander is the only bidder for RBS branches in England and Wales and its NatWest offices in...
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Company News for June 17, 2010 - Corporate Summary
Thursday, June 17, 2010 - 10:10am | 188• Pier 1 (NYSE:PIR) posted better-than-expected first quarter earnings of 7 cents a share, up from Zacks consensus of a 2 cent loss, on revenues of $306.3 million, above Zacks estimates of $305 million • Smithfield Foods (NYSE:SFD) reported in-line fourth quarter earnings of 18 cents a share, on...
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Benzinga's Top ETF Decliners (SOXS, DPK, SSG, EDZ)
Tuesday, June 15, 2010 - 4:34pm | 191Semiconductor stocks had a great trading session today, which is a bad news for the owners of Direxion Daily Semiconductor Bear 3X (NYSE: SOXS) and ProShares UltraShort Semiconductors(ETF) (NYSE: SSG). SOXS and SSG traded sharply down today. SOXS declined 16.46% and SSG dropped 8.79%. Direxion...