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Bove Is Bullish on Banks (XLF)
Tuesday, April 6, 2010 - 6:44pm | 222Rochdale Securities analyst Dick Bove is bullish on three major banks. On CNBC's Fast Money, Bove suggested that investors get long Citigroup (C), Goldman Sachs (GS), and the Bank of New York (BK) ahead of earnings. He believes that these three banks will report strong quarterly earnings and are...
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Treasury Yields Rise Slows Due To Rise In Currency Reserves (BAC, RBS)
Tuesday, April 6, 2010 - 5:16pm | 441According to a report by Bloomberg, we are currently seeing the fastest growth in global currency reserves since the credit crisis. This in turn is slowing down the rise in Treasury yields, amidst growing concern about the U.S. borrowing to finance a huge budget deficit. Worldwide reserve assets...
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Market Roundup (HD, AAPL, NOK, HPQ, KBH, NVR, PHM, HOT, RBS)
Tuesday, April 6, 2010 - 2:39pm | 317Home Depot (NYSE: HD) is ramping up for a recovery in sales by expanding the headcount in its stores for the first time in four years. Following better-than-anticipated sales in Q4, CEO Frank Blake said, "We are going to lean into our skis a little bit." According to analyst Ashok Kumar, companies...
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Stifel Nicolaus Initiates Coverage Of KB Home (KBH) With Hold Rating
Tuesday, April 6, 2010 - 12:24pm | 93Analysts Michael R. Widner and Sean Tillman at Stifel Nicolaus have initiated coverage of KB Home (NYSE: KB) with Neutral rating. Analysts believe that operationally, the company is well-run. The company is also regaining market share after seeing a decline for several years. Analysts like KB...
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A Volume Wasteland As Markets Reach For The Sky
Tuesday, April 6, 2010 - 12:05pm | 416The markets gapped slightly lower today on a stronger dollar. The dollar inched up overnight as word came of more Greece issues. It has truly been amazing that other countries so far have not voiced any problems. Italy, Spain, Portugal and others are obviously on the list of problem countries but...
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Company News for April 6, 2010 - Corporate Summary
Tuesday, April 6, 2010 - 9:30am | 221• Massey Energy (NYSE:MEE) shares continued lower this morning in pre-market trade, off nearly 6%, following yesterday's mining disaster in which at least 25 West Virginia miners were killed. However, Jefferies (NYSE:JEF) reiterated its "buy" rating on the shares • Microsoft (NASDAQ:MSFT) announced...
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Top 5 Stocks In The Financial Sector With Highest Cash (BCS, GS, JPM, MS, C)
Tuesday, April 6, 2010 - 7:14am | 162Below are the top 5 financial stocks in terms of cash. Barclays plc (NYSE: BCS) had $1250 billion in cash in the latest quarter. BCS’ quarterly earnings are 181.70% y/y. Goldman Sachs Group Inc (NYSE: GS) had $751.5 billion in cash in the latest quarter. GS’ trailing-twelve-month operating margins...
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Collins Stewart Upgrades Regional Banks
Monday, April 5, 2010 - 2:13pm | 230Collins Stewart went on an upgrade spree this morning upgrading M&T Bank (NYSE: MTB) from “Sell” to “Hold,” Regions Financial (NYSE: RF) from “Hold” to “Buy,” Wells Fargo (NYSE: WFC) from “Hold” to “Buy,” and Zions Bancorp (NASDAQ: ZION) from “Sell” to “Hold.” The analyst is apparently echoing...
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Wells Fargo Upgraded At Collins Stewart (WFC)
Monday, April 5, 2010 - 12:41pm | 142Analysts at Collins Stewart upgraded shares of Wells Fargo (NYSE: WFC) from Hold to Buy today and raised their price target from $33 to $39. The stock has gained 1.02% to $31.69 during the current trading session, on the back of this upgrade. Collins Stewart analysts wrote, "We are upgrading...
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Benzinga’s Top Upgrades (ZION, PBIP, MTB, RF, WFC)
Monday, April 5, 2010 - 11:34am | 174Zions Bancorp (NASDAQ: ZION) was upgraded by Sandler O'Neill from “sell” to “hold.” SXL’s shares gained 3.93% to $22.74. ZION’sshares have gained 70.67% year to date. Sandler O'Neill upgraded Prudential Bancorp Inc. Of Pennsylvania (NASDAQ: PBIP) from “hold” to “buy.” PBIP’s stock has declined...
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Wilbur Ross Backs Virgin Money (RBS)
Monday, April 5, 2010 - 11:03am | 108Investor Wilbur Ross has announced his intention to support Virgin Money in its bid to acquire the branch network of the Royal Bank of Scotland (ADR) (NYSE: RBS). Ross said that he is ready to commit up to $760 million. Virgin Money is the consumer credit arm of Virgin Group, owned by entrepreneur...
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Stocks To Watch On April 5
Monday, April 5, 2010 - 6:35am | 263Some of the shares that are expected to see active trading in today’s session are: Goldman Sachs reduced the rating for Research In Motion (NASDAQ: RIMM) to “sell” and lowered its target price to $65.00 per share. Intel (NASDAQ: INTC) announced that it had hiked the total pay of its Chief...
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Citigroup & Bank Of America May Add Fuel To The Rally In This Financial ETF
Sunday, April 4, 2010 - 11:27pm | 937“Among the major trends in the most recent quarter,financial ETFs were the best-performing sector, small stocks beat large-caps, and value outperformed growth,” John Spence Reports From MarketWatch. Spence goes on to say, “The SPDR KBW Bank ETF (KBE) was among the top-performing funds that doesn’t...
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U.S. Non-Farm Payrolls on Tap
Friday, April 2, 2010 - 3:23am | 1358U.S. Non-Farm Payrolls on Tap The U.S. payrolls report is due today with analysts forecasting the economy added 185,000 jobs last month. That would be an outcome that would likely lift the U.S dollar and boost expectations for higher U.S. interest rates. Economic News USD – U.S Dollar Recovers...
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U.S. Non-Farm Payrolls on Tap
Friday, April 2, 2010 - 3:23am | 1352U.S. Non-Farm Payrolls on Tap The U.S. payrolls report is due today with analysts forecasting the economy added 185,000 jobs last month. That would be an outcome that would likely lift the U.S dollar and boost expectations for higher U.S. interest rates. Economic News USD – U.S Dollar Recovers...