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Russian Hackers Strike Citigroup (C)
Tuesday, December 22, 2009 - 11:22am | 90The Wall Street Journal reported that The Federal Bureau of Investigation is probing a computer-security breach targeting Citigroup Inc. (NYSE: C) that resulted in a theft of several million dollars from Citi. The hackers are reported to be linked to a Russian cyber gang. Last month, eight Russian...
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Company News for December 22, 2009 - Corporate Summary
Tuesday, December 22, 2009 - 10:22am | 155• Jabil (NYSE:JBL) reported fiscal first quarter earnings of 32 cents ex-items, three cents better than expected, on inline revenues of $3.1 billion. The company also said it sees second-quarter earnings 20 cents to 32 cents a share • Piper Jaffray (NYSE:PJC) maintained an "overweight" rating on...
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Stock Market News for December 22, 2009 - Market News
Tuesday, December 22, 2009 - 10:18am | 497A series of corporate deal announcements and analyst upgrades of two Dow components returned to boost confidence on the Street and sent stocks sharply higher even as a controversial legislation to revamp the U.S. healthcare system inched closer toward finalization. The mergers and acquisition...
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Buying Value for 2010
Tuesday, December 22, 2009 - 4:23am | 496Investors are constantly labeled and grouped into certain camps. Bull or bear. Fundamental or technical. And of course value or growth. The truly successful investors find ways to merge all of these styles for the best portfolio diversification and protection, so it’s certainly a good idea to...
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HSBC To Become First International Company To List On Shanghai Exchange (HSBA)
Monday, December 21, 2009 - 2:39pm | 88HSBC’s (NYSE: HBC) Shanghai IPO will fetch 5 billion pounds ($8.1 billion) as and when it gets the approval from Chinese officials, according to the British Newspaper The Observer. The China Securities Regulatory Commission is expected to change its laws to allow foreign and non-mainland companies...
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HSBC (HBC) to Become First Non Chinese Company Listed in Shanghai
Monday, December 21, 2009 - 1:28pm | 1032In early fall we had mentioned China potentially listing its first "outside of the country" company [Sep 11, 2009: China Opens Door to Foreign Listings] as the country takes baby steps in becoming a full fledged international monetary exchange of every sort (this will take many years). Banking...
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Barclays Launches Leveraged Exchange Traded Notes (ETN) (BDD, BCS)
Monday, December 21, 2009 - 1:22pm | 167Barclays Capital, a unit of British banking behemoth Barclays (NYSE: BCS), announced the launch of five Exchange Traded Notes (ETN). These instruments provide investors both long and short exposure to the S&P 500 index. Exchange Traded Notes are like ETFs (Exchange Traded Funds) with a slight...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 20
Monday, December 21, 2009 - 9:42am | 2711Year 3, Week 20 Major Position ChangesTo see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.Cash: 78.4% (v 80.7% last week)23 long bias: 18.9% (v 17.0% last week) 3 short bias: 2.7% (v 2.3% last week) [includes 1 option position]26...
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Top 5 Mid-Cap Stocks with Highest Cash Per Share (CM, AIG, WSC, WTM, NVR)
Monday, December 21, 2009 - 9:33am | 198Below are the top 5 mid-cap stocks on the NYSE and the NASDAQ in terms of highest cash per share. Canadian Imperial Bank of Commerce (NYSE: CM) has cash per share of $1,490. CM’s market capitalization is $3.06 billion. Credit Suisse upgraded CM from “underperform” to “neutral.” American...
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Top 5 Large-Cap Stocks with Highest Profit Margins (LYG, NLY, PSA, NE, GG)
Monday, December 21, 2009 - 9:27am | 177Below are the top 5 large-cap stocks on the NYSE and the NASDAQ in terms of highest profit margins. The trailing-twelve-month profit margins of Lloyds Banking Group plc (NYSE: LYG) are 144.57%. LYG’s market capitalization is $14.23 billion. Credit Suisse upgraded LYG from “underperform” to “neutral...
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What Will Drive Retail Growth in 2010? (JWN, M, WMT, COST, KSS, TIF)
Friday, December 18, 2009 - 5:13pm | 342The year 2009 has seen an increase of nearly 47% in the S&P Retail Index, which is more than double the S&P 500’s return of 21.3%. Barclays (NYSE: BCS) notes in its 2010 Retail Outlook that the stocks that were impacted the most by recessionary concerns have led the recovery, including...
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Corkery New CFO For Deltek (PROJ)
Friday, December 18, 2009 - 5:01pm | 156Deltek Inc.’s (NASDAQ: PROJ) search for a CFO has finally come to an end. Michael Corkery has been appointed the new CFO, thus ending the search which began in July 2009 following Mark Wabschall’s departure. Corkery’s experience as VP of Finance at Nextel (NYSE: S) has been viewed positively by...
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Darden (DRI) Resilient In Challenged Sector
Friday, December 18, 2009 - 4:55pm | 125Darden Restaurants’ (NYSE: DRI) upside potential rests on cost control and tax savings in 2010. The guidance range for 2010 has been tightened, yet it remains better than originally anticipated. Darden’s fundamentals are sound, but casual dining as a sector is still extremely challenged. Barclays (...
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Long Run Outlook Bright For Pall (PLL)
Friday, December 18, 2009 - 4:52pm | 107Pall Corporation’s (NYSE: PLL) management has laid out a detailed plan of action to improve margins and accelerate top-line. This has given analysts greater confidence in Pall’s ability to deliver in the long run, though actual execution is the ultimate determinant. Barclays (NYSE: BCS) has...
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Oracle (ORCL) Posts Solid Results
Friday, December 18, 2009 - 4:50pm | 117Barclays (NYSE: BCS) has recommended that investors add to their positions on Oracle (NASDAQ: ORCL) following the company’s solid 2Q results and outlook. License acceleration in late 2010 and JAVA closing in January should drive the stock to its new price target of $27. Total non-GAAP revenue and...