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Markets Smoked As Goldman Sachs Fraud Charge Sends Ripples
Friday, April 16, 2010 - 11:54am | 232Someone in Goldman Sachs Group, Inc. (NYSE: GS) must have angered the wrong person in the government. For a government that has had baby handling gloves for Wall Street and the financials, they had to know this would shock the markets and send rippling waves everywhere. Goldman Sachs is down 15%...
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Macarthur Coal To Talk To Peabody Energy Corp. (BTU)
Friday, April 16, 2010 - 10:30am | 308According to Reuters, on Friday, Macarthur Coal, Australia's hottest takeover target, agreed to talk to the U.S.’s biggest coal company Peabody Energy Corp. (NYSE: BTU) on its raised $3.8 billion offer. Investors are of the view that the bidding could climb higher still. Coal producers have been...
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Market Roundup (GOOG, AMD, UBS, HBC, ORCL, PFWD, GE)
Friday, April 16, 2010 - 10:07am | 334Despite reports showing a rise in home construction and permits for future building, stock futures point to a lower opening. Investor sentiments are being weighed down by lower-than-expected earnings from Google (NASDAQ: GOOG) and Advanced Micro Devices (NYSE: AMD). S&P futures fell 0.47%....
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Singapore Revalues Its Currency (HBC)
Thursday, April 15, 2010 - 5:59pm | 400According to a report by the Financial Times, Singapore has revalued its currency to prevent any potential inflation after its economy grew by 13.1 % in the first-quarter. The decision by the Monetary Authority of Singapore has prompted a push up in most currencies in emerging Asia as traders...
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Market Roundup (PRX, SNTS, ATVI, BP, UNH, AGP, WLP, WFC, FITB)
Thursday, April 15, 2010 - 3:25pm | 362Par Pharma (NYSE: PRX) has risen by 6.5% after a Delaware court ruled that the five patents that are covering Santarus' (NASDAQ: SNTS) stomach drug Zegerid were invalid due to "obviousness." According to the analysts, Par Pharma's proposed generic is Zegerid's only rival. Although PRX’s proposed...
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Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...
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Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...
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All Eyes on Citigroup (NYSE:C)
Thursday, April 15, 2010 - 11:50am | 677All eyes are on Citigroup (NYSE:C) this morning, which has just begun to break through the $5.00 mark. This is an important psychological mark for investors as it seems that one of the worst offenders and symbols of last year’s crash is now back in institutional trading territory. The only...
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All Eyes on Citigroup (NYSE:C)
Thursday, April 15, 2010 - 11:50am | 677All eyes are on Citigroup (NYSE:C) this morning, which has just begun to break through the $5.00 mark. This is an important psychological mark for investors as it seems that one of the worst offenders and symbols of last year’s crash is now back in institutional trading territory. The only...
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Royal Bank of Scotland Prunes Its Suitors’ List (RBS)
Wednesday, April 14, 2010 - 6:30pm | 142Royal Bank of Scotland (NYSE: RBS) has whittled down the list of bidders for its global Merchant Services unit. The processing firm is worth approximately $4.6 billion. Royal Bank of Scotland (RBS) had received interests from 10 buyout and trade firms. The bank is expected to pare down the list to...
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JP Morgan Gives the Banks a Direction
Wednesday, April 14, 2010 - 3:22pm | 532JP Morgan Chase (JPM) today before the bell beat earnings estimates and reported a quarterly profit of $3.3 billion or 74 cents a share, compared with $2.1 billion or 40 cents a share, a year earlier. Being the first bank to report many people were looking for JPM to set the tone for what to...
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EURUSD Driven Higher As Sentiment Improves, Industrial Production Surges
Wednesday, April 14, 2010 - 1:54pm | 587G10 Advancers and Decliners vs USD GBP 0.74 EUR 0.62 CHF 0.39 JPY 0.29 EURUSD has traded higher today, as the effect of overnight USDSGD intervention (weakening the USD) and excellent European data in the morning session was enough to keep EURUSD buoyed despite strong USD...
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EURUSD Driven Higher As Sentiment Improves, Industrial Production Surges
Wednesday, April 14, 2010 - 1:54pm | 587G10 Advancers and Decliners vs USD GBP 0.74 EUR 0.62 CHF 0.39 JPY 0.29 EURUSD has traded higher today, as the effect of overnight USDSGD intervention (weakening the USD) and excellent European data in the morning session was enough to keep EURUSD buoyed despite strong USD...
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Stocks Going Ex Dividend the Fourth Week of April
Wednesday, April 14, 2010 - 1:49pm | 676Here 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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Puts Purchased in Comerica
Wednesday, April 14, 2010 - 11:20am | 138Shares of Comerica (NYSE: CMA) are moving higher today by 2.27% to $42.28, but are attracting bearish put buying along the way. The financial services company is seeing the May $42.50 puts purchased on the offer 10,000 times for $2.15. This action is similar to what I am seeing in Zions Bancorp...