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Short Selling Bets Increased Against Citigroup (C), Apple (AAPL)
Wednesday, January 13, 2010 - 11:04am | 254Short sellers sharply increased their bets against two of America’s most widely followed stocks. Shares sold short in Citigroup (NYSE: C) rose 36% to 381 million. The short interest in Apple (NASDAQ: AAPL) soared 34% to 15.6 million. Among Nasdaq stocks, other significant changes included a 13%...
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Company News for January 12, 2010 - Corporate Summary
Tuesday, January 12, 2010 - 10:26am | 310• Alcoa (NYSE:AA) reported fourth-quarter earnings excluding items of one cent a share, below estimates of 6 cents, and versus year-ago quarter’s 28 cent loss. Revenues, however, came in better than expected at $5.43 billion, although under last year's $5.68 billion. The firm blamed the results...
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Fast Money Picks For January 12th (X, CVC, FXB, USB)
Monday, January 11, 2010 - 7:47pm | 145CNBC's Fast Money traders gave their picks for Tuesday, January 12th. Tim Seymour wants to buy United States Steel Corporation (NYSE: X) on the dip. He would pay $58. US Steel (X) fell 3.69% today and closed at $62.93. Guy Adami would go long on Cablevision (NYSE: CVC) and Joe Terranova is bullish...
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Three Financials That May Raise Dividends
Monday, January 11, 2010 - 7:07pm | 96Three financial companies may soon raise their dividends. According to Mike Khouw of Cantor Fitzgerald, options activity leads him to believe that at least three firms may be about to give back a little more to shareholders. On CNBC's Fast Money Monday evening, Khouw said that JP Morgan Chase (NYSE...
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JPMorgan Chase & Co. (JPM) Steals A March Over Citibank (C) On Dividends
Monday, January 11, 2010 - 12:48pm | 147JPMorgan Chase & Co. (NYSE: JPM) which repaid bailout funds five months before its competitors, is leading again in the next test of bank fitness: restoring dividends cut last year amid the credit crisis. Investors in the U.S. options market already are betting JPMorgan will more than double...
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GBP 84.7 million Sale of RBS Asset Management Fund Management Assets (RBS)
Friday, January 8, 2010 - 2:37pm | 90Royal Bank of Scotland (NYSE: RBS) announced on Friday that a sale agreement had been reached with Aberdeen Asset Management PLC to sell its non-core asset management business for a consideration of GBP 84.7 million. The divestment which is expected to be completed in the first quarter of 2010...
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Company News for January 08, 2010 - Corporate Summary
Friday, January 8, 2010 - 10:20am | 344• UBS (NYSE:UBS) upgraded Barclays (NYSE:BCS) to "buy" from "neutral" • Macquarie downgraded Boeing (NYSE:BA) shares to "neutral" from "outperform." The company had risen to a 52-week high in yesterday's trade on improving passenger prospects for airlines • TSMC (NYSE:TSM), the largest contract...
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Top 5 Mid-Cap Stocks With Highest Last Price Percentage Decrease (TBH, MPEL, AIB, IRE, TCL)
Friday, January 8, 2010 - 7:49am | 243Below are the top 5 mid-cap stocks on the NASDAQ and the NYSE in terms of last price down versus the 200 day moving average. Shares of Brazilian Telecommunications Corp (NYSE: TBH) are down 50.66% as compared to the 200-day moving average. TBH’s market capitalization is $6.66 billion. TBH’s shares...
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Lloyds Banking Group PLC (LYG) Showing Initial Signals Of Returning to Bullish Trend
Thursday, January 7, 2010 - 1:52pm | 92After hovering below the 20 day MA for close to two months, regional banker Lloyds Banking Group PLC (NYSE: LYG) has started showing first signals of a reversal on the daily charts. Lloyds Banking Group PLC (LYG) is now close to breach its 20 day MA above $3.79. A move above $3.79 would point out...
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Hold On To Wells Fargo (WFC)
Thursday, January 7, 2010 - 11:00am | 86Analysts at Credit Suisse have reiterated a Neutral rating on Wells Fargo & Company (NYSE: WFC), with a price target of $28.00. This price target value translates into a 1.8 times estimated forward book value per share. Quarterly charge-offs are expected to increase 11% quarter on quarter,...
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Company News for January 07, 2010 - Corporate Summary
Thursday, January 7, 2010 - 10:20am | 232• General Motors' CEO Whitacre promised the company's first year of profitability in 2010 following five years of losses • Microsoft's (NYSE:MSFT) CEO Ballmer's opening address in Las Vegas focused on the company's touch-tablet from Hewlett-Packard (NYSE:HPQ), planned for introduction this year • ...
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Investment Strategy for Banking Stocks in 2010 (FITB, FCNCA, NYB, SNV)
Wednesday, January 6, 2010 - 1:44pm | 306There are a lot of changes expected for the banks in terms of stricter regulatory system, higher capital requirements and increased liquidity requirements. This will adversely affect the banks’ profitability. Keeping this in mind, the analysts at FBR Capital Markets, Paul J. Miller, Scott Valentin...
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Company News for January 06, 2010 - Corporate Summary
Wednesday, January 6, 2010 - 10:01am | 181• Goldman Sachs (NYSE:GS) added 3M (NYSE:MMM) to its Conviction Buy List, with a price target of $105 up from $100 • Family Dollar (NYSE:FDO) reported fiscal first quarter earnings of 49 cents a share, two pennies higher than projected, on inline revenues of 1.82 billion • Beazer Homes (NYSE:BZH)...
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Outlook On Financial Sector In 2010; Bank Of Hawaii Corp.( BOH) To Do Well
Wednesday, January 6, 2010 - 5:01am | 161Financials are likely to remain stretched in Year 2010. According to Christopher Whalen of Institutional Risk Analytics, selective financial sector stocks are expected to deliver during this year. Lower interest rates coupled with Fed’s purchase of assets will take its toll on the financial sector...
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Company News for January 05, 2010 - Corporate Summary
Tuesday, January 5, 2010 - 10:10am | 232• Kraft (NYSE:KFT) announced plans to utilize proceeds from the sale of its Canadian frozen food operations to Nestle for $3.75 billion cash, raising the cash portion of its hostile bid for Cadbury (NYSE:CBY) by 97 cents per share. Cadbury maintained the offer remains derisory • Brightpoint (NASDAQ...