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Stocks Going Ex Dividend the First Week of July
Thursday, June 30, 2011 - 1:45am | 766Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Stock Watch List For Thursday
Wednesday, June 29, 2011 - 6:06pm | 996( click to enlarge ) McDonald's Corporation (NYSE:MCD) recorded a new high in today's session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $81.85. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and...
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Stock Watch List For Thursday
Wednesday, June 29, 2011 - 6:06pm | 880( click to enlarge ) McDonald's Corporation (NYSE: MCD) recorded a new high in today's session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $81.85. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and...
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List of Companies Affected by Fed's Recommendation
Wednesday, June 29, 2011 - 3:22pm | 147On Wednesday, the Federal Reserve recommended that the cap on debit card-swipe fees be increased to $0.21. Following the news, shares of Visa (NYSE: V) and Mastercard (NYSE: MA) spiked higher; both rallied over 9% before being halted temporarily. Yet, other companies saw a rally as well: Bank of...
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Parthenon Capital Partners and Wells Fargo & Company Announce Agreement for Parthenon to Purchase H.D. Vest Financial Services
Wednesday, June 29, 2011 - 3:02pm | 282Parthenon Capital Partners and Wells Fargo & Company (NYSE: WFC) have entered into a definitive agreement for Parthenon Capital Partners to acquire Wells Fargo's H.D. Vest Financial Services business. Following the transaction, H.D. Vest's existing management team, led by Roger Ochs, will...
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Did You Miss It: Another Bailout For The Banks
Wednesday, June 29, 2011 - 12:45pm | 296The financial stocks are soaring today on yet another bailout. Europe just bailed out Greece and by doing so, saved the world from yet another global financial crisis. Many will not understand how this was a bank bailout, yet again. Let me explain. If Greece did not get their bailout, they would...
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Bank Stocks Surge on $8.5 Billion Bank of America Settlement, Greek Vote (BAC, BLK, JPM, C, WFC, KBE)
Wednesday, June 29, 2011 - 10:46am | 614Banking stocks are climbing higher early during the Wednesday trading session, after Bank of America Corporation (NYSE: BAC) announced an $8.5 billion settlement with investors who had purchased mortgage backed securities originated by Bank of America Corporation's Countrywide Financial business...
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Large Financial Stocks Rally On Greek Austerity Vote
Wednesday, June 29, 2011 - 10:27am | 232The large financial stocks are trading sharply higher this morning. This sector has been under severe selling pressure until today. It appears that the Greek austerity vote has helped to lift the large financial stocks this morning. Recently, there have been many rumors in the trading community...
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Top Performing Industries For June 29
Wednesday, June 29, 2011 - 10:08am | 198At 10:05 am, the Dow fell 0.05% to 12,182.59, the broader Standard & Poor's 500 index moved up 0.15% to 1,298.59 and the NASDAQ composite index dropped 0.19% to 2,723.70. The industries that are still afloat in the market today are: Regional - Mid-Atlantic Banks: This industry jumped 2.76% by...
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Words with Billions? Online Social Media Company Zynga to File for IPO
Wednesday, June 29, 2011 - 6:45am | 331Online social media company Zynga, popular for its interactive games like Words with Friends and FarmVille, is looking to raise between $1.5 billion and $2 billion in an initial public offering, a source familiar with the matter said. An IPO filing could be submitted to the SEC as soon as...
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Elaine L. Chao Elected to the Board of Wells Fargo & Company
Tuesday, June 28, 2011 - 4:35pm | 150Wells Fargo & Company (NYSE: WFC) today said that its board of directors has elected Elaine L. Chao, the former U. S. Secretary of Labor and the first Asian Pacific American woman to be appointed to a presidential cabinet, to the company's board of directors, effective July 1, 2011. Chao will...
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Major Financial Stocks Fail To Participate In Rally
Tuesday, June 28, 2011 - 10:46am | 209The large major financial stocks are not rallying higher with the major stock indexes this morning. This leading sector continues to struggle on the charts. Most of the leading financial stocks remain in sharp down trends. Traders can simply look at a chart of the Financial Select Sector SPDR (NYSE...
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Irish Banks Trading Over 4.50% Lower on Eurozone Troubles
Monday, June 27, 2011 - 3:50pm | 62The Irish banks, Allied Irish Banks (NYSE: AIB) and Bank of Ireland (NYSE: IRE) are both trading over 4% lower on the Eurozone troubles. Irish bond yields rose to record highs today. The shares of Allied Irish Banks are currently trading at $1.06 and Bank of Ireland at $2.02.
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Too Big To Fail Leads Markets Higher
Monday, June 27, 2011 - 10:28am | 296The large major banks are catching a bid higher this morning. This leading industry group has been very weak recently on the daily charts. Therefore, when the large major financial banks rally higher it is very difficult to see the major stock indexes come under pressure. J.P. Morgan Chase &...
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Market Update
Monday, June 27, 2011 - 9:35am | 202Shares of HSBC Holdings PLC (NYSE: HBC) dropped about 0.3% after the company announced its plans to merge its Saudi Arabian wholesale and investment banking unit with SABB Securities Ltd. SABB will have a 51% stake of the new entity, to be known as HSBC Saudi Arabia Ltd. HSBC expects the merger to...