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Puts Purchased on Novatel Wireless (NVTL)
Tuesday, June 15, 2010 - 3:05pm | 148Shares of Novatel Wireless Inc. (NASDAQ: NVTL) are higher on the session by 3.61%, currently trading at $6.02. The stock continues to drift lower and lower; the stock is in a three-year downtrend. Options traders are betting on further downside for the name. The January 2011 $5.00 put was...
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Top Performing Industries For June 15 (JASO, NWSA, STD, MU)
Tuesday, June 15, 2010 - 2:13pm | 228At 11:11 a.m., the Dow gained 107.09, or 1.05%, to 10,297.98, the broader Standard & Poor's 500 index rose 12.42, or 1.14%, to 1,102.05 and the NASDAQ composite index moved up 31.13, or 1.39%, to 2275.09. The industries that are driving the market today are: Semiconductor - Specialized: The top...
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Company News for June 15, 2010 - Corporate Summary
Tuesday, June 15, 2010 - 10:18am | 212• Best Buy (NYSE:BBY) posted fiscal first quarter earnings of 36 cents a share, versus Zacks estimates of 50 cents, on revenues of $10.8 billion which came in below estimates of $10.95 billion • CBOE Holdings (NASDAQ:CBOE) priced its initial offering late Monday at the top end of its $27-$29 range...
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WestLB Ups HBC To Reduce
Monday, June 14, 2010 - 6:34am | 42Analysts at WestLB upgrade HSBC Holdings plc (NYSE: HBC) from "sell" to "reduce." HBC’s shares dipped 0.06% to close at $47.30 on Friday. More Analyst Ratings here
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Two Distressed Financial Names Rising Today (GS, STD, XLF)
Friday, June 11, 2010 - 12:23pm | 157The Financial Select Sector SPDR ETF (NYSE: XLF), which tracks the performance of a basket of financial stocks, has fallen 0.55% to $14.39. Two financial stocks that have been under pressure recently that are outperforming today, however, are Goldman Sachs (NYSE: GS) and Banco Santander (NYSE: STD...
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Top 5 Mid-Cap NYSE Stocks In The Financial Sector With The Highest Cash (AIG, WF, JEF, PRE, DFS)
Thursday, June 10, 2010 - 7:38am | 162Below are the top 5 mid-cap financial stocks on the NYSE in terms of cash. American International Group Inc (NYSE: AIG) had $69.53 billion of cash in the latest quarter, while its debt liabilities stood at $164.55 billion. Woori Finance Holdings Company Ltd (NYSE: WF) had $28.46 billion of cash and...
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Some New 52-Week Lows (NBG, AKS, STP)
Monday, June 7, 2010 - 7:47pm | 81Here are some stocks that hit fresh 52-week lows in trading today: National Bank of Greece (NYSE: NBG) lost 5.60% and made a new intraday 52-week low of $2.16. AK Steel (NYSE: AKS) shed 5.10% and hit a new intraday 52-week low of $12.62. Suntech Power Holdings (NYSE: STP) lost 4% and hit a new...
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Financial Stocks (XLF) Get Crushed
Friday, June 4, 2010 - 4:57pm | 144Friday was another bad day for financial stocks. Shares of the big banks and major financial companies took it on the chin. US Bancorp (USB) dropped 3% to end the day at $22.85. JPMorgan Chase (JPM) slumped 3.8% to $37.62. Bank of America was down almost 3% and Wells Fargo (WFC) was down 3.75%....
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Benzinga's ETF Gainers (DRV, TZA, FAZ, EPV)
Friday, June 4, 2010 - 12:51pm | 216Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) leads the gainers among the ETFs today, with an increase of 10.5%. DRV follows MSCI US REIT index, which is struggling today. Simon Property Group, Inc (NYSE: SPG) is one of the components of MSCI US REIT index, and it trades 3.5% lower today....
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5 Banks That Might Get Burned by Reform (BAC, JPM, C, WFC)
Friday, June 4, 2010 - 9:40am | 308NEW YORK (TheStreet) -- A controversial provision in the current version of the Senate's financial reform bill could lead to dilutive common equity raises at several large banks. The amendment, which was introduced to the Restoring American Financial Stability Act of 2010 by Sen. Susan Collins (R-...
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Top Narrow Based Indexes For June 3 (PIR, WF, AN)
Thursday, June 3, 2010 - 1:54pm | 220The markets are mostly flat as mixed May retail-sales data offset attractive employment data. Till 11:52 am, the Dow Jones Industrial Average had moved up 3.02, or 0.03%, to 10,252.56, the S&P 500 index gained 1.94, or 0.18% and the NASDAQ added 13.70, or 0.60%. Some of the few narrow based...
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Petrobras Offering News Could Jolt EWZ
Thursday, June 3, 2010 - 5:30am | 244The iShares MSCI Brazil Index (NYSE: EWZ) is one of the most popular and volatile emerging markets on the market today. The ETF has a range of over $10 in the past month, during which time it is down more than 4%, but in the past week EWZ is up more than 6%. That's a nice run and there may be some...
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Petrobras Names Six Banks To Manage $25B Offering
Thursday, June 3, 2010 - 4:31am | 198Petrobras (NYSE: PBR), Brazil's state-run oil giant, has named six banks to manage its proposed $25 billion share sale, a bullish sign that slumping global stock markets won't stop the company's efforts to raise cash for its exploration budget. Petrobras has hired Bank of America (NYSE: BAC),...
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Ocwen to Perform Well: Receives ‘Outperform’ Rating At KBW (OCN, BCS)
Wednesday, June 2, 2010 - 2:25pm | 156Ocwen Financial (NYSE: OCN) is a mortgage loan servicer specializing in servicing subprime loans. Ocwen (OCN) is headquartered in West Palm Beach, Florida but most of its operations are located abroad, primarily in India. Ocwen recently acquired Barclays’ (NYSE: BCS) US mortgage servicing business...
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Keefe, Bruyette & Woods Reiterates Outperform Rating On Ocwen Fincancial (OCN)
Tuesday, June 1, 2010 - 11:44am | 126Analysts at Keefe, Bruyette & Woods reiterated their Outperform rating on shares of Ocwen Financial Corp (NYSE: OCN) today. The firm has a $14.00 price target on the stock. On Friday, Barclays (NYSE: BCS) announced the sale of its US mortgage servicing business to Ocwen (OCN) for $1.3 billion...