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Southwestern (SWN) Guidance Awaited: Barclays Optimistic
Wednesday, December 9, 2009 - 12:06pm | 174Barclays Capital (NYSE: BCS) has revised its price target for Southwestern Energy (NYSE: SWN) from $54 to $58 ahead of the guidance announcement expected next week. 2010E EPS has been raised to $1.80. Analyst Thomas R. Driscoll is optimistic about Southwestern’s prospects and has reiterated that it...
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DeVry (DV) Beats Estimates, Attractively Priced: Barclays
Wednesday, December 9, 2009 - 11:54am | 168DeVry Inc.’s (NYSE: DV) enrollment results for Fall ’09 beat Barclays Capital’s (NYSE: BCS) estimates and gives a very positive outlook for FY10 EPS. Undergraduate enrollments grew by 19.4% YoY above Barclays’ 12.5% estimate. Graduate and online course-takers have grown by a robust 16.5% and 23%...
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Company News for December 09, 2009 - Corporate Summary
Wednesday, December 9, 2009 - 10:47am | 138• Citigroup (NYSE:C) raised 3M (NYSE:MMM) to "buy" from "hold" • Barclays (NYSE:BCS) lowered Kimberly-Clark (NYSE:KMB) to "equal weight" from "over weight" • Wells Fargo (NYSE:WFC) upgraded Cooper Industries (NYSE:CBE) to "outperform" with a price target of $41-$43, up from $28-$30 • Goldman Sachs...
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Fund Performance Period 12
Tuesday, December 8, 2009 - 4:45pm | 3149The mutual fund is now on schedule for a summer 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 7, 2008: Reader Pledges Toward Mutual Fund Launch] [May 26, 2008: Frequently Asked Questions] Our story...
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Benzinga’s Biggest Losers (PIP, ADAT, KR, SVU, AIB)
Tuesday, December 8, 2009 - 1:10pm | 230PharmAthene, Inc. (AMEX: PIP) has plunged 51.23% to $1.59 on 1.59 million shares after PharmAthene, Inc. announced that the Department of Health and Human Services Biomedical Research and Development Authority (BARDA) has canceled its request for proposal (RFP) for Recombinant Protective Antigen...
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Japan Continues With The Stimulus By Announcing US $81bn Spending Plan
Tuesday, December 8, 2009 - 12:16pm | 221Japan's government agreed on a US $81 billion stimulus package on Tuesday, aimed at preventing the economy from tipping back into recession as deflation persists and a strong yen threatens exports. The new package, earmarked for low-interest mortgages for new home buyers, incentives for users of "...
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Company News for December 08, 2009 - Corporate Summary
Tuesday, December 8, 2009 - 10:15am | 234• Boeing (NYSE:BA) much-awaited first Dreamliner flight is likely to happen as early as next week • Cadbury (NYSE:CBY) may formally reply to Kraft's (NYSE:KFT) $16 billion bid on December 14 • CF Industries (NYSE:CF) increased its hostile bid for Terra Industries (NYSE:TRA) to $36.75 from $32 cash...
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Wells Fargo Says (WFC) It Has A Lot of Cash
Tuesday, December 8, 2009 - 9:42am | 58Wells Fargo (NYSE: WFC) CEO says it has a lot of cash on its books and he wants to repay TARP as soon as possible in a shareholder friendly way. Wells Fargo also said it sees commercial real estate losses peaking later in 2010 and sees less growth in consumer credit due to deleveraging.
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Citigroup And Wells Fargo Want Same Deal Bank of America Received To Pay Back Tarp
Monday, December 7, 2009 - 5:26pm | 36Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) want same deal Bank of America (NYSE: BAC) received to pay back tarp.
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MLPs Mixed Bag, (BCS, HEP, HOC, DPM)
Monday, December 7, 2009 - 2:45pm | 163In a recent report titled ‘MLP Trader Weekly’, Barclays Capital (NYSE: BCS) has maintained a neutral outlook about Energy MLPs. In a weekly roundup, Alerian MLP Index closed 0.52% down at 266.51. EPX was down by 1.62%. The un-weighted average of all MLPs was down by 0.2% whereas S&P 500 gained...
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Utility And Telco Stocks Are Best Buys, With Interest Hike On The Anvil: Barron’s
Monday, December 7, 2009 - 1:23pm | 123With the interest hike on the way and bonds fully priced, Barron’s noted that it’s time to go for utility and telecom stocks. Other alternatives suggested by Barron’s include bank preferred stocks, convertible securities and foreign sovereign debt. Barron’s pick for utilities were Kinder Morgan...
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Onyx Pharmaceuticals (ONXX): Upside Expected $42
Monday, December 7, 2009 - 12:57pm | 164After the release of updated phase IIb data for proteasome inhibitor carfilzomib, Barclays Capital (NYSE: BCS) maintains an overweight rating on Onyx Pharmaceuticals (NASDAQ: ONXX). The data presented at the American Society of Hematology meeting suggested low grade III/IV Aes. ONXX reported the...
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Terex Corporation Ltd (TEX) Set To Break-even Next Year
Monday, December 7, 2009 - 12:40pm | 178Terex Corporation Ltd (NYSE: TEX), a $5.9bn mining company, though is expected to report a negative EPS for FY2009, will break-even by next year, according to the management. The company has seen its margins coming under severe pressure in the current downturn in the past few quarters with the...
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Yahoo’s (YHOO) Profile Compelling: Barclays Capital (BCS)
Monday, December 7, 2009 - 10:58am | 121Barclays Capital (NYSE: BCS) reiterated its Overweight rating on Yahoo! Inc. (NASDAQ: YHOO) based on the company’s substantial Asian assets, a potentially conservative operating margin and the anticipated rebound of display advertising. The price target stands at $23, approximately 1.5 times the...
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Company News for December 07, 2009 - Corporate Summary
Monday, December 7, 2009 - 10:10am | 318• MetLife (NYSE:MET) provided better-than-consensus 2010 earnings expectations of $4.00-$4.40, ahead of the Street forecast of $4.11. The firm said it sees fourth-quarter revenues and fees of $8.50-$9.10 billion, with earnings of 90-95 cents • Cummins (NYSE:CMI) was added to Goldman Sachs' (NYSE:...