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Market News – Bank of America (NYSE:BAC), American International Group (NYSE:AIG), Verizon (NYSE:VZ), Mitsubishi Financial Group (NYSE:MTU), Morgan Stanley (NYSE:MS)
Tuesday, March 30, 2010 - 10:54am | 973To start the news day, reports indicate that the housing market has continued to struggle early this year, but there’s some hope on the horizon. The S&P/Case-Shiller 20-city home-price index is reporting a 0.7% decline for January of this year (compared to last year). But this also means a...
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Market News – Bank of America (NYSE:BAC), American International Group (NYSE:AIG), Verizon (NYSE:VZ), Mitsubishi Financial Group (NYSE:MTU), Morgan Stanley (NYSE:MS)
Tuesday, March 30, 2010 - 10:54am | 973To start the news day, reports indicate that the housing market has continued to struggle early this year, but there’s some hope on the horizon. The S&P/Case-Shiller 20-city home-price index is reporting a 0.7% decline for January of this year (compared to last year). But this also means a...
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CMA Initiated With Neutral At Rochdale
Tuesday, March 30, 2010 - 9:08am | 50Analysts at Rochdale Securities initiate coverage of Comerica Incorporated (NYSE: CMA) with a "neutral" rating. The target price for CMA is set to $40. CMA moved up 0.85% to close at $37.88 yesterday. More Analyst Ratings here
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US Stock Futures Move Higher; Point To Sunny Day Ahead
Tuesday, March 30, 2010 - 9:04am | 279US stock futures inched higher today, as markets hoped that jobs data scheduled to be released later this week and consumer confidence data will affirm the view that the economy was stabilizing. While futures on Dow Jones Industrial Average added 19 points to 10848 about two hours before the start...
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Economic Catalysts For March 30
Tuesday, March 30, 2010 - 9:03am | 286The economic calendar is moderately busy today, with consumer reports on focus. The following reports are set to be released today: The ICSC-Goldman Store Sales report: It will be released at 7:45 a.m. ET and will depict week-over-week change and year-over-year change. However, most traders focus...
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Preferred Way to Play Financials (PFF, PGX, PGF, BAC, JPM)
Tuesday, March 30, 2010 - 7:30am | 325The SPDRs Select Sector Financial ETF (NYSE: XLF) is trading at the best level in 18 months as investors realize a double-dip recession is highly unlikely. Even though the ETF is up 160% from the March 2008 low, it must more than double to reach the 2007 all-time high. The risk with XLF is lower...
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The Government’s Mortgage Modification Program May Hurt The Bottom Line Of The Banks In The Financial ETF
Monday, March 29, 2010 - 2:21pm | 2492“Citigroup (NYSE: C) announced on Thursday that it would join the government’s program to modify second mortgages, following Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), JP Morgan Chase & Co (NYSE: JPM) and others, as the housing market appears to be at the beginning of a second...
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Allied Irish Banks, plc. (ADR) (NYSE: AIB) Declines On News
Monday, March 29, 2010 - 7:45am | 100Allied Irish Banks, plc. (ADR) (NYSE: AIB) reported today that it is in talks with the Irish financial regulator in order to reach agreement on its capital requirements and said it will update the market with a further announcement once the discussions have been completed. Allied Irish Banks, plc...
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AUDUSD boosted on signs of another interest rate hike
Monday, March 29, 2010 - 2:48am | 557G10 Advancers and Decliners vs USD EUR 0.25 GBP 0.11 JPY -0.19 CHF -0.22 AUDUSD recovered from Friday’s losses and traded at 0.9076 on speculation that retail sales rose 0.3% in February, due on March 31 and as RBA Governor Glenn Stevens said house prices are “getting...
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AUDUSD boosted on signs of another interest rate hike
Monday, March 29, 2010 - 2:48am | 557G10 Advancers and Decliners vs USD EUR 0.25 GBP 0.11 JPY -0.19 CHF -0.22 AUDUSD recovered from Friday’s losses and traded at 0.9076 on speculation that retail sales rose 0.3% in February, due on March 31 and as RBA Governor Glenn Stevens said house prices are “getting...
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Stocks Going Ex Dividend the First Week of April 2010
Monday, March 29, 2010 - 2:21am | 667Here 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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The SPDR ETF (SPY) Faces Pressure As The Market Approaches Overbought Levels
Sunday, March 28, 2010 - 9:26pm | 1602Last week major indexes and ETFs remained overbought and the week brought some major and interesting developments in both stock and bond markets. In our Standard Exchange Traded Fund (ETF) Portfolio we went to cash on Monday and logged the following realized gains, excluding taxes and commissions...
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Are Investors Turning Their Backs On Regional Bank ETFs
Friday, March 26, 2010 - 3:28pm | 1121“Regional bank stocks, historically, have been a decent spot to be. Many regional banks actually hold loans they originate and have a great deal of knowledge about the economy in their area. But risks were lurking here, too. After the mortgage meltdown, all bets were off. It turns out that many...
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Ascendere Long/Short Model Portfolio End of Day Update: March 25, 2010
Friday, March 26, 2010 - 12:48am | 1064The Ascendere Long/Short Model Portfolio is a "tactical tilt" portfolio that buys the highest quality stocks and sells the lowest quality stocks while maintaining a net long or net short position at all times. While we re-balance the model every month, it ...
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Market Update – Citigroup (NYSE:C), General Electric (NYSE:GE), Bank of America (NYSE:BAC), Apple (NASDAQ:AAPL), JP Morgan Chase (NYSE:JPM)
Thursday, March 25, 2010 - 11:46am | 1122To start our market update, there’s some good news on the unemployment front in America. First time jobless claims in the United States dropped by 14,000 last week, to 442,000 total. The number is above what economists had predicted for the market, as they were expecting the initial unemployment...