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Benzinga's Top Upgrades
Tuesday, August 9, 2011 - 7:39am | 121FBR Capital upgraded Wells Fargo & Company (NYSE: WFC) from “market perform” to “outperform.” WFC's shares closed at $22.93 yesterday. Wells Fargo's PEG ratio is 0.64. Citigroup upgraded Wynn Resorts Ltd (NASDAQ: WYNN) from “sell” to “hold.” WYNN's shares closed at $126.91 yesterday. WYNN's...
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A Peek Into The Market Before The Trading Starts
Tuesday, August 9, 2011 - 7:33am | 385Pre-open movers US stock futures are higher this morning, as investors are awaiting the Federal Reserve's statement on monetary policy. Futures for the Dow Jones Industrial Average surged 95 points to 10,821.00 and S&P 500 index futures rose 13.00 points to 1,124.30. Nasdaq 100 futures gained...
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Tech Stocks Tank on Economic Crisis, S&P Downgrade
Monday, August 8, 2011 - 3:37pm | 831I'll bet Facebook and Zynga are glad they haven't gone public yet. LinkedIn (NYSE: LNKD) is among the many tech companies taking significant losses following today's unparalleled crisis. As of this writing, the popular social networking has been hit by an 18% decline. Granted, LinkedIn was...
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Options Brief: Bank of Ireland
Monday, August 8, 2011 - 11:22am | 67Shares of Bank of Ireland (NYSE: IRE) are lower on the session by 11.38%, trading at $1.09. Overall put volume is now running at 3.33x the daily average, with 47% of all puts traded being purchases on the offer. 3,388 contracts have traded on the session so far. Bank of Ireland and its...
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Financial Stocks Play Leader Of The Pack
Monday, August 8, 2011 - 10:08am | 268This morning, the major stock indexes have opened sharply lower to start the day. All of the leading sectors are trading down except the large financial stocks. The too big to fail financial stocks have actually rallied right from the opening bell. Traders should remember that the financial stocks...
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The Week Ahead, AM Noteables August 8th
Monday, August 8, 2011 - 8:43am | 303AM Noteables: Focusing on Upgrades Today's with the big overnight gap down in the SP Futures. Also, minus to plus strength. KLA Tencor Corp (KLAC) 7:50a KLA-Tencor Raised To Overweight From Equalweight By Morgan Stanley >KLAC Wells Fargo (WFC) Raised To Buy From Neutral By Sterne Agee >WFC Jones...
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Sterne Agee Upgrades Wells Fargo to Buy
Monday, August 8, 2011 - 8:19am | 63Sterne Agee upgraded its rating on Wells Fargo (NYSE: WFC) from Neutral to Buy. At the moment, the rating agency has a price target on the company's stock placed at $33. On Friday, WFC lost 2.06% of its value to finish the week at $25.21. Its shares continued to slide in today's pre-market trading...
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Sterne Agee Upgrades Wells Fargo To Buy, $33 PT
Monday, August 8, 2011 - 7:54am | 26Sterne Agee has upgraded Wells Fargo (NYSE: WFC) from Neutral to Buy and has established a $33 price target.
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Market's Bringing Ugly Back 08-05-2011
Friday, August 5, 2011 - 3:14pm | 922Cusick's Corner Stock volumes are surging. The market's bringing ugly back. Selling was brisk earlier but a rebound was in play after the European Central Bank said it would provide support for Italian and Spanish bonds if they agree to certain economic reforms. The market has had its swings...
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Wells Fargo Reports 696,805 Active Trial and Completed Modifications through June 2011
Friday, August 5, 2011 - 3:13pm | 139Wells Fargo & Co. (NYSE: WFC) reported today that as of June 30, 2011, 696,085 active trial or completed mortgage modifications were in place, since 2009, on loans in its servicing portfolio. A total of 591,941, or 85 percent, of the loans were modified through the company's own programs, with...
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Puts Purchased on National Bank of Greece
Friday, August 5, 2011 - 1:27pm | 132Shares of National Bank of Greece (NYSE: NBG) are higher on the session by 5.73%, currently trading at $1.174. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short...
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Counsel for Lead Plaintiffs Announce Settlement of Wachovia Preferred Securities and Bond/Notes Litigation for $627M
Friday, August 5, 2011 - 10:42am | 179Counsel for Lead Plaintiffs, the Orange County Employees' Retirement System, the Louisiana Sheriffs' Pension and Relief Fund, and the Southeastern Pennsylvania Transportation Authority, the court-appointed representatives of a class of investors who purchased certain Wachovia Corporation (NYSE: WFC...
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How to Profit from Shutdown of Indian Banks
Friday, August 5, 2011 - 9:41am | 544Bank employees across India went on strike on Friday in a move that shut down much of the country's banking system. The workers went on strike in protest against recent proposals to reduce government ownership in the Indian banking system, which threaten the employees' long-held benefits. Most of...
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Euro Edges Higher against U.S. Dollar despite Mounting Concerns over Debt in Italy
Friday, August 5, 2011 - 5:44am | 1064The euro edged higher against the U.S. dollar on Friday, despite mounting concerns that Italy's debt burden is becoming unbearable. Presently, the euro trades around $1.4135, or 0.28% above its previous close. At the same time, the euro is retreating against the Japanese yen. The yen is fighting...
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RBS Swings To Loss
Friday, August 5, 2011 - 4:26am | 77Royal Bank of Scotland Group PLC (NYSE: RBS) swung to a net loss in the first half. RBS reported a net loss of GBP1.43 billion, versus a net profit of GBP9 million, in the first half of 2010. The group's revenue dropped around 8% in the first half. Its net interest margins in the retail bank also...