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banks have finger on dividend button
Thursday, April 1, 2010 - 11:04pm | 612Canadian bank CEOs have been going out of their way in the last few weeks to hint at upcoming dividend increases. The top brass at Royal Bank of Canada (RY), National Bank of Canada (NA), and even high pay out ratio, Bank of Montreal (BMO) have been expressing their thoughts on dividend raises...
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Technicals Show Why It May Be Time To Sell This Financial ETF (UYG)
Thursday, April 1, 2010 - 10:53pm | 851“For six months, The ProShares Ultra Financials ETF (UYG) traded within the confines of a rectangle bounded by support at $5 and resistance at $6.30,” Sam Collins Reports From Options Zone. On March 11, Collins said, “Following a period of very high accumulation, this ETF appears to be breaking...
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What To Expect From The Markets And ETFs When Interest Rates Rise
Thursday, April 1, 2010 - 1:46pm | 1759“When the next tightening cycle begins, it will not be to throttle an economy that is growing too fast. Instead, it will be to rebalance rates to more reasonable levels. The Economy may be less vulnerable when they begin to tighten, but it will not be too strong. That is a material difference, and...
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What the iPhone means for Verizon (NYSE:VZ)
Thursday, April 1, 2010 - 12:20pm | 779Technology and Telecom are helping the recent rally in stocks. We’ve discussed the tech sector at length in the past, but right now few tech stocks have the cache of Apple (AAPL). If the Nasdaq is up, Apple seems to be touching a new 52-week high. To say the ubiquitous maker of iPods and iPhones...
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What the iPhone means for Verizon (NYSE:VZ)
Thursday, April 1, 2010 - 12:20pm | 779Technology and Telecom are helping the recent rally in stocks. We’ve discussed the tech sector at length in the past, but right now few tech stocks have the cache of Apple (AAPL). If the Nasdaq is up, Apple seems to be touching a new 52-week high. To say the ubiquitous maker of iPods and iPhones...
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European IPOs Outpace U.S (GS, BCS, ABX, ST, JPM)
Thursday, April 1, 2010 - 8:33am | 483Bloomberg reports that it is the first time after the stock market peak of 2007 that initial public offerings in Europe are outpacing the U.S. Brenntag AG and Kabel Deutschland Holding AG have raised almost double the amount of the biggest American deal. According to data compiled by Bloomberg,...
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Top Performing Industries For March 31 (PMI, IRE, BCOM, CDE, SIFY)
Wednesday, March 31, 2010 - 3:11pm | 317At 2:13 p.m., Dow lost 14.81, or 0.14%, to 10,892.61, while the broader Standard & Poor's 500 index rose 0.52, or 0.04%, to 1,173.79. The Nasdaq composite index moved up 3.38, or 0.14%, to 2414.07. The industries that are driving the market today are: Surety & Title Insurance: The top...
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EURUSD Proves Unstoppable
Wednesday, March 31, 2010 - 2:18pm | 569G10 Advancers and Decliners vs USD CHF 1.27 EUR 0.71 GBP 0.66 JPY -0.71 EURUSD has powered relentlessly higher throughout the day as a combination of strong European inflation data, disappointing US labour figures and quarter-end rebalancing flows have all conspired to push...
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EURUSD Proves Unstoppable
Wednesday, March 31, 2010 - 2:18pm | 603G10 Advancers and Decliners vs USD CHF 1.27 EUR 0.71 GBP 0.66 JPY -0.71 EURUSD has powered relentlessly higher throughout the day as a combination of strong European inflation data, disappointing US labour figures and quarter-end rebalancing flows have all conspired to push...
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Market Morning – Citigroup (NYSE:C), JP Morgan Chase (NYSE:JPM), Sprint Nextel Corporation (NYSE:S), Verizon (NYSE:VZ), Rite Aid (NYSE:RAD)
Wednesday, March 31, 2010 - 10:25am | 1123Disappointingly, job figures released today from the ADP indicated that the economic recovery is as fragile as has been feared. March showed a net loss of 23,000 jobs in the private sector. February’s figures were also revised, and showed the month had a net loss of approximately 24,000 jobs (up...
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Market Morning – Citigroup (NYSE:C), JP Morgan Chase (NYSE:JPM), Sprint Nextel Corporation (NYSE:S), Verizon (NYSE:VZ), Rite Aid (NYSE:RAD)
Wednesday, March 31, 2010 - 10:25am | 1123Disappointingly, job figures released today from the ADP indicated that the economic recovery is as fragile as has been feared. March showed a net loss of 23,000 jobs in the private sector. February’s figures were also revised, and showed the month had a net loss of approximately 24,000 jobs (up...
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Computers Just Keep Getting Cheaper and Better and We Should Eagerly Await the Days Ahead
Wednesday, March 31, 2010 - 8:30am | 890Craig Newmark points to a great website "Classic PCs vs. New PCs: Their True Cost: Doing the math makes technology's relentless progress even more amazing," where they compare the costs and specifications of various computers from the 1970s and early 1980s to today's computers. One example is...
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Gainers and Losers On March 30 (WEDC, IRE, BIOF, WLK, HNR, GNVC, CHRS, MPG, BBI, LDK)
Wednesday, March 31, 2010 - 7:36am | 339Markets just about managed to stay in the black yesterday. The stocks that made significant contributions to the markets are: Gainers White Electronic Designs Corp (NASDAQ: WEDC) soared 27.8% after Microsemi Corp (MSCC) announced the acquisition of the chip manufacturer for roughly $100 million....
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Daily Quality Update from Ascendere Associates LLC - March 30, 2010
Tuesday, March 30, 2010 - 10:30pm | 678At the market close on March 30, 2010, 'high-quality' stocks in the Ascendere Long/Short Model Portfolio rose 0.11% and 'low-quality' stocks in the short portfolio declined -0.10%. Given the 120/80 long/short weighting, the portfolio appreciated 0.22% for the day. The model...
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Subprime Debt Rallies (JPM, MS, BCS)
Tuesday, March 30, 2010 - 4:33pm | 227Bloomberg reports that as the U.S. begins to give encouragement for reduction of homeowner’s balances, subprime – mortgage securities are seeing a rise at an accelerated pace. It is estimated that this will result in fewer foreclosures and a faster end to the housing slump. According to Markit...