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Top 5 Large-Cap Stocks In The Financial Sector With The Highest Revenue Estimates (BAC, JPM, C, WFC, DB)
Tuesday, January 5, 2010 - 7:34am | 210Below are the top 5 large-cap financial stocks on the NASDAQ and the NYSE in terms of revenue estimates. The revenue estimate for Bank of America Corporation (NYSE: BAC) for this quarter is $121.64 billion. BAC’s market capitalization is $135.73 billion. UBS initiated coverage of BAC with a “buy”...
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When the Bond Market Speaks the Stock Market Listens
Thursday, December 31, 2009 - 1:51pm | 471How long can the Fed funds rate stay at zero percent? This is the overnight lending rate from the Federal Reserve Bank to the large banks such as J.P. Morgan Chase (NYSE: JPM), and other giant institutions. In June of 2009 the 10 year Treasury yield reached a high of 4.00% and this was really the...
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How The Charts Revealed That The Financial Stocks Would Lead The Market This Week. GS, WFC, JPM, MS
Thursday, December 31, 2009 - 1:45pm | 441Over the last few days the markets have hovered flat as many sectors have pulled back. While technology and commodities seem to be stalling out, a few short term leader has emerged to take its place, keeping the market flat and not allowing it to pull back significantly. The financial stocks have...
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Benzinga’s Top Pre- Market Losers (SEED, SBUX, FEED, WFC)
Thursday, December 31, 2009 - 9:30am | 171Origin Agritech Ltd. (NASDAQ: SEED) has decreased $0.40 or 3.13% to $12.40 in the pre-market session. The 52-week trading range for SEED is $1.70 - $14.57. So far in 2009, Origin Agritech gained over 525%. In the previous trading session, SEED closed at $12.80. Starbucks Corporation (NASDAQ: SBUX...
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Fast Money Picks For December 31th (SMH, TD, BG)
Wednesday, December 30, 2009 - 7:26pm | 157CNBC's Fast Money Joe Terranova would buy Semiconductor HOLDRs (ETF) (NYSE: SMH) on the last they of 2009. SMH gained 1.70% today as stocks like Texas Instruments (NYSE: TXN) and Intel (NASDAQ: INTC) closed in the positive territory. TXN gained 2.40% and INTC added almost 1%. Steve Cortes is...
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Legg Mason's Bill Miller Makes A Comeback (LM)
Wednesday, December 30, 2009 - 5:20pm | 268For 15 straight years, Bill Miller could do no wrong. During that time period, Miller's Legg Mason Capital Management Value Trust beat the S&P 500 index every single year, a feat which brought Miller considerable notoriety. Starting in 2005, however, Miller's golden touch began to lose its...
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Fed To Remove Excess Liquidity In The System
Tuesday, December 29, 2009 - 1:04pm | 110The Wall Street Journal noted that the Federal Reserve has decided to remove the excess liquidity in the system by selling interest-bearing term deposits to banks like Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC). Fed Chairman Ben Bernanke has described term deposits as “roughly analogous to...
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Barron’s: Duffy and Laggner Bullish On Consumer Staples, Pharma And Discount Retailers (GRX, CVS, WMT)
Monday, December 28, 2009 - 2:09pm | 431Barron’s interviewed Kevin Duffy and Bill Laggner, hedge fund managers with Bearing Asset Management. They predicted housing and credit excesses and profited on their forecasts by shorting Freddie Mac, Fannie Mae, money-center banks and mortgage insurers. Both of them are contrarians and believe...
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Company news for December 28, 2009 - Corporate Summary
Monday, December 28, 2009 - 10:06am | 233• A number of health care IPOs were filed over the weekend, including a $90 million filing from Rules-Based Medicine (NASDAQ:RULE), a $80 million IPO from Alimera Sciences (NASDAQ:ALIM). Dehaier Medical Systems (NASDAQ:DHRM) expects its IPO to be price at $7-$9. • The Royal Bank of Scotland (NYSE...
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Stock Market News for December 24, 2009 - Market News
Thursday, December 24, 2009 - 9:42am | 376U.S. stocks closed higher for a fourth day on Wednesday as disappointment over a surprise drop in home sales was offset by strength in technology and commodities-related shares. Stocks declined in early trading after a Commerce Department report noted new home sales fell to their lowest level...
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Market Roundup (FINL, CAGC, BAC, MTG, WFC, NYSE, NYT)
Wednesday, December 23, 2009 - 3:12pm | 273Shares of Finish Line (NASDAQ: FINL) jumped after the company announced profits of $6.6 million, or 12 cents a share, in its third quarter. FINL’s results were driven by a onetime tax gain of $6.5 million associated with the termination of its plans to acquire Genesco (NYSE: GCO). China Agritech...
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Wells Fargo (WFC) Upgrades Gannett Co (GCI), New York Times Co.(NYT)
Wednesday, December 23, 2009 - 1:25pm | 139Wells Fargo (NYSE: WFC) has revised its ‘Underperformer’ rating of Gannett Co. (NYSE: GCI) to ‘Outperformer’. It also has given an upgrade to New York Times (NYSE: NYT). New York Times is now rated as ‘Market Performer’ instead of ‘Underperformer’. Wells Fargo Analyst John Jenedis stated: “After...
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Company News for December 23, 2009 - Corporate Summary
Wednesday, December 23, 2009 - 10:26am | 347• Micron Technology (NYSE:MU) posted fiscal first quarter earnings of 23 cents a share, up from estimates of 6 cents, on revenues of $1.74 billion, which beat consensus projections of $1.59 billion • Cintas (NASDAQ:CTAS) reported non-GAAP earnings fell 21% to 39 cents, four cents under projections...
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Credit Suisse (CS) recommending J.P. Morgan (JPM), U.S. Bank (USB)
Tuesday, December 22, 2009 - 2:26pm | 93A Credit Suisse analyst appearing on CNBC says that the investment bank is recommending J.P. Morgan (NYSE: JPM) and U.S. Bank (NYSE: USB) in the financial sector to their clients. Credit Suisse (NYSE: CS) has an outperform rating on both companies. Their target price for JPM is $54.00. The shares...
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Benzinga’s Biggest Losers (AIB, TTWO, GIGM, CMC, FUQI)
Tuesday, December 22, 2009 - 11:42am | 207Allied Irish Banks, plc. (ADR) (NYSE: AIB) has plunged 7% to $3.52 on 2.85 million shares. So far this year, AIB is down over 24%. The 52-week for AIB is $0.72-$10.42. Take-Two Interactive Software, Inc. (NASDAQ: TTWO) fell 3.30% to $9.12 on 2.13 million shares. Take-Two Interactive Software...