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Cramer Sees Citigroup (C) At $12 In 2012
Wednesday, November 11, 2009 - 3:05pm | 122CNBC's Mad Money Jim Cramer thinks that Citigroup (NYSE: C) is a good long term investment. He believes in Citigroup's (C) CEO Vikram Pandit and thinks that he will ultimately bring value. Cramer believes that Citigroup could reach $12 in 2012 and thinks that investors should buy this stock. He...
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Bookkeeping: Selling Some Long Equity Exposure
Wednesday, November 11, 2009 - 11:56am | 897I am not sure when the euphoria ends, but I am going to take some profits in individual names - this seems like a "blow off" top but so have all the other moves that were questioned. First is India's HDFC Bank (HDB) - we only have about a 1% allocation, but I am going to sell 90% of the position as...
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American Airlines To Partner With TPG To Invest In JAL (JALSY, AMR, DAL)
Wednesday, November 11, 2009 - 10:55am | 283AMR Corp (NYSE: AMR) has reported that they could partner with private equity group TPG on a minority investment into Japanese Airlines (OTC: JALSY) . Japanese Airlines has received three bailout loans from the Japanese government and is seeking its fourth. To add to its woes, Japanese Airlines is...
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Company News for November 11, 2009 - Corporate Summary
Wednesday, November 11, 2009 - 9:50am | 317• Goldman Sachs (NYSE:GS) added Cytec Industries (NYSE:CYT) to its Conviction Sell List, with a target of $31. The analyst warned of the bleak outlook for the late-cycle aerospace industry, and economic uncertainties in Europe, which represents 40% of sales • JP Morgan (NYSE:JPM) plans to...
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5 Large-Cap Stocks with Highest Cash Per Share (BRK, GS, BCS, CS, MS)
Wednesday, November 11, 2009 - 8:23am | 180Below are interesting large-cap stocks on the NYSE and NASDAQ that have highest cash per share. Berkshire Hathaway Inc (NYSE: BRK-A) has the cash per share of $15,800. IBKR has a market capitalization of $157.74 billion. BRK shares have declined by 20.17% over the past 52weeks. BRK shares are...
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Benzinga’s Earnings Roundup (IHG, GOLD, BCS, TYC)
Tuesday, November 10, 2009 - 11:16am | 273InterContinental Hotels Group PLC (ADR) (NYSE: IHG) third-quarter net profit fell to $67 million as compared to $91 million same period last year and revenues in the latest quarter were $401 million versus $496 million a year ago. InterContinental expects the occupancy rates to stabilize and...
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Investment Banking Unit Limits Profit Fall For Barclays (BCS)
Tuesday, November 10, 2009 - 10:51am | 112Barclays PLC (NYSE: BCS), the second largest English bank, reported a 3rd quarter profit of £ 1.56 billion ($2.6 billion). A year before, they were £ 2.8 billion. As global capital markets and trading activity were on the uptick, Barclay’s investment banking unit helped limit the profit fall. The...
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Morning Quickie$
Tuesday, November 10, 2009 - 10:43am | 1818Keystone Morning Quickie November 10th 2009 Market Commentary Futures are slightly down this morning after a impressive rally yesterday. As impressive as it may have been, we must take not of the lack of volume that was associated with the run up. The Dow Jones made yearly highs at 10023,...
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Lloyd’s Banking Group To Cut 5,000 Jobs Because Of Merger (LYG, HBC, RBC)
Tuesday, November 10, 2009 - 10:31am | 155With the acquisition of HBOS, Lloyd’s Banking Group PLC (NYSE: LYG) has announced plans to cut 5,000 jobs as they try to consolidate operations and eliminate overlaps in their insurance and retail divisions. The move means that Lloyd’s Banking Group is on its way to its target cost savings of GBP 1...
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Company News for November 10, 2009 - Corporate Summary
Tuesday, November 10, 2009 - 10:31am | 375• Priceline.com (NASDAQ:PCLN) reported adjusted third quarter earnings of $3.45 a share, 55 cents above consensus estimates, on better-than-expected revenues of $730.7 million, ahead of estimates of $$693.97 million on strong summer season travel. The firm provided fourth quarter guidance at about...
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Lloyds To Axe 5000 Jobs
Tuesday, November 10, 2009 - 9:37am | 134After having issued pink slips to thousands this year, Lloyds Banking Group PLC (NYSE: LYG) is planning to axe another 5000 jobs. This job cut will be across all the British locations. The Banking Group hopes to cut these jobs by the end of this year. This move comes just after a recent...
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Lloyds Banking announces job cuts
Tuesday, November 10, 2009 - 9:24am | 114Lloyds Banking Group PLC (NYSE: LYG), which employed roughly 118,000 people at end June, plans to further cut about 4,300 jobs in a series of reorganization moves. LYG’s move will also involve the transfer of 680 jobs in its group operations, insurance and retail division. LYG expects this job cut...
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Barclays Posts Q3 Results
Tuesday, November 10, 2009 - 8:49am | 81Barclays PLC (NYSE: BCS) posted its Q3 net profits at £1.08 billion ($1.81 billion) from £2.33 billion a year ago, reflecting a fall of 54%. BCS’ results were affected by impairment charges, which continued to weigh on the results, and a rise in credit provisions. BCS said its nine month impairment...
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Professor Reiterates Bearish View On Preferred ETFs
Friday, November 6, 2009 - 4:23pm | 180On Tuesday, the ETF Professor told you to take a pass on or short the PowerShares Financial Preferred ETF (NYSE: PGF), which holds preferred shares of Bank of America (NYSE: BAC), J.P. Morgan Chase (NYSE: JPM) and MetLife (NYSE: MET). Given that the Professor was among the first to make this, he...
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5 Large Cap Stocks with Highest Sales Growth Estimate (C, CTL, PNC, WFC, FCX)
Friday, November 6, 2009 - 2:05pm | 205Below are interesting large cap stocks on the NYSE and NASDAQ with the highest sales growth estimate. Citigroup Inc (NYSE: C) has a consensus sales growth estimate of 261% for the current quarter. C has a market capitalization of $91.91 billion. Deutsche Securities initiated coverage of C with a “...