-
A Look At Two Similar Vanguard ETFs (VIG, VTV)
Monday, March 1, 2010 - 4:06am | 210Vanguard offers two ETFs that can be described as "value plays" and on the surface, both offerings may appear to be twins. With that, let's take a look at the Vanguard Value ETF (NYSE: VTV) and the Vanguard Dividend Appreciation ETF (NYSE: VIG). VTV offers an expense ratio of 0.1% and has $3.13...
-
GE To Sell Its Stake In Garanti Bank (GE, STD)
Friday, February 26, 2010 - 5:53pm | 149General Electric Company (NYSE: GE) is planning to offload its stake in Turkish company Garanti Bank. GE (GE) currently holds a 20.85% stake in the bank. General Electric is currently in talks with Banco Santander (NYSE: STD) for the deal. The Turkish banking sector is in good health and the deal...
-
Top Performing Industries For February 26 (MHK, UAUA, IPG, PZZ, IBN)
Friday, February 26, 2010 - 2:58pm | 378By 1:08 p.m., Dow had lost 8.39, or 0.08%, to 10,312.64, while the broader Standard & Poor's 500 index slipped 0.71, or 0.06%, to 1,102.22. The Nasdaq composite index rose 0.44, or 0.02%, to 2234.66. The industries that are driving the market today are: Textile Industrial: The top gainer of the...
-
Annual Losses Of RBS Shrink To £3.6bn (RBS)
Thursday, February 25, 2010 - 10:40am | 149Royal Bank of Scotland Group Plc. (ADR) (NYSE: RBS) reported lower-than-expected net loss of £3.6 billion for 2009, compared to the consensus estimate of £5.2 billion. RBS said its loan impairments appear to have now peaked as its losses shrank from £24.3 billion in 2008. The group’s investment...
-
Benzinga's Top ETF Decliners (FAZ, DTO, FXP, SCO)
Wednesday, February 24, 2010 - 5:44pm | 182Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) dropped 4.61% as financial stocks traded on the upside today. Wells Fargo & Company (NYSE: WFC) gained 1.36% today, while Morgan Stanley (NYSE: MS) spiked 2.5%. PowerShares DB Crude Oil Double Short ETN (NYSE: DTO) closed 4.26% down as...
-
Market Round-up (DELL, AAPL, UBS, UAUA, CA, BCS)
Wednesday, February 24, 2010 - 3:27pm | 311The CFO of Dell (NASDAQ: DELL) foresees a "dramatic" improvement in its consumer business. He added that the company is poised to become "more acquisitive." DELL has successfully integrated mid-sized deals, such as its $1.4 billion acquisition of EqualLogic in 2008. Apple (NASDAQ: AAPL) has been...
-
US Stock Futures Point To A Lower Opening
Wednesday, February 24, 2010 - 8:49am | 204US stock futures held steady today, pointing to a lower opening, as traders awaited Fed Reserve Chairman Ben Bernanke's testimony and remained unwilling to commit in the market. While futures on S&P 500 lost 1.5 points to 1095.70, those on Nasdaq 100 gained three-quarters of a point to 1801.70...
-
Housing Market Recovery Still Weak (DRH, WFC)
Tuesday, February 23, 2010 - 11:11am | 165The S&P/Case-Shiller 20-city index on Tuesday showed a mixed recovery in the housing market. The 20-city index declined 0.2 percent in December and had an annualized drop of 3.1 percent. Analysts were expecting prices would be unchanged for December and down 3.2 percent annually. On a...
-
Benzinga's Top ETF Gainers (ERY, FAS, DUG, UYG)
Monday, February 22, 2010 - 5:31pm | 236Financial and oil ETFs led the gainers among the ETFs today. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) gained 4.15% on the weakness of Chevron Corporation (NYSE: CVX) and Schlumberger Limited (NYSE: SLB). Chevron (CVX) fell 1.47% and Schlumberger (SLB) dropped 3.65%. Direxion Daily...
-
Comerica Shows Signs Of Better 2011 (CMA)
Monday, February 22, 2010 - 1:39pm | 100KBW analysts raised estimates for Comerica Inc. (NYSE: CMA) after meeting with management in Texas. The target price for Comerica is $38.00, and KBW currently rates the stock at Market Perform. “We came away with a positive view of continued improvement in its asset quality, and possibility for NIM...
-
Benzinga's Sector Leaders (AIG, TXT, PACR)
Monday, February 22, 2010 - 12:18pm | 202Today the market is essentially unchanged, but has been swinging back and forth from the green to the red. Hot sectors for today’s trading session include: Financials – - American international Group (NYSE: AIG) up 8.62% - Amtrust Financial (NASDAQ: AFSI) up 5.92% - National Bank of Greece (NYSE...
-
Unusual Movements Expected In These Shares (ES, GSK, HOLX, USB, WAG)
Monday, February 22, 2010 - 10:46am | 309EnergySolutions, Inc. (NYSE: ES), a provider of technology-based nuclear services, announced that it expects an EPS of 69 cents at most this year. According to a Bloomberg survey, the consensus EPS estimate is also of 69 cents. Two US senators said GlaxoSmithKline Plc (ADR) (NYSE: GSK), which...
-
February 21, 2010: National Bank of Greece Not An Achilles Heel
Saturday, February 20, 2010 - 8:40pm | 475As the Greek philosopher extraordinaire Plato would have it, the realm of ideas is absolute reality, and truth itself is an abstraction. The Greek government(s) have been denying truth, reality and ideas for too long, and now they will be, in part, held to account. If the assumption that the EU...
-
Barron’s Top 1000 Advisors For 2010 (WFC, MS, UBS)
Saturday, February 20, 2010 - 3:07pm | 125Barron’s has come up with its annual Top financial advisors list. Most of the top ranking advisors are from big firms like Merrill Lynch, Wells Fargo (NYSE: WFC) and Morgan Stanley (NYSE: MS). Another notable common feature is that the majority of the advisors are well-seasoned professionals with...
-
US Stock Futures Slip On Rise In Fed Discount Rate; Point To Weak Opening
Friday, February 19, 2010 - 9:35am | 182US stock-index futures fell unexpectedly after the Federal Reserve raised the discount rate on loans to banks for the first time since June 2006. The Federal Reserve’s step is first in the process of withdrawing stimulus from the world’s largest economy. While futures on the Standard & Poor’s...