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Benzinga's Top ETF Gainers, June 1st (TVIX, ZSL, FAZ, TZA)
Wednesday, June 1, 2011 - 6:52pm | 183VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) spiked 12.50% today, and broke its five day losing streak. TVIX closed at $20.97, and it had a volume of 2.52M traded shares. ProShares UltraShort Silver (ETF) (NYSE: ZSL) gained 10.25% on Wednesday as silver struggled. ZSL closed at $17.74,...
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The Good, The Bad & The Ugly 06-01-2011
Wednesday, June 1, 2011 - 6:51pm | 933Cusick's Corner To say that this was an ugly close is an understatement. Now here's the good and the bad. The good is that the day is over (especially if you were long). The bad is that the market was down (300 on the Dow). This was a solid distribution day with a close below the lows of yesterday...
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Financial Stocks Lead The Decline
Wednesday, June 1, 2011 - 10:24am | 273The major financial institutions have been holding steady over the past week, however, this morning, the large financial stocks are leading the major stock indexes lower. When the major financial stocks decline it will certainly put a lot of pressure on the S&P 500 Index. The financial sector...
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Options Brief: Comerica Incorporated
Tuesday, May 31, 2011 - 11:40am | 77Shares of Comerica Incorporated (NYSE: CMA) are higher on the session by 0.06%, trading at $35.93. Overall put volume is now running at 2.09x the daily average, with 55% of all puts traded being purchases on the offer. 1,566 contracts have traded on the session so far. Comerica Incorporated is a...
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Industrial Gold 05-27-2011
Friday, May 27, 2011 - 5:29pm | 829Cusick's Corner The market pulled back into the afternoon but never jeopardized any critical levels. Commodities bounced back today, especially as the Buck continued to pull back and the market was looking to get into some safety over the long weekend. Another positive point is that Copper,...
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Global X Andean Fund Could Be A Winner As MILA Exchange Debuts
Friday, May 27, 2011 - 1:29pm | 437As most Americans will be enjoying an extra day off and perhaps firing up their grills on Monday, things will be busy in South America's financial markets as the widely anticipated Mercados Integrados LatinoAmericanos exchange, or MILA, opens for business. MILA is a combination boerse that links...
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Google, Square, and Banks Venture Into Mobile Payments, but Which Delivers Best Experience?
Friday, May 27, 2011 - 12:21pm | 552By Professor Pinch Recently, I got turned on to Rohit Bhargava. He has a book that will be coming out called Likeonomics.The premise is pretty simple. I took this straight off the Likeonomics website: Likeonomics is a term that explains the new affinity economy where the most likeable people,...
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Puts Purchased on National Bank of Greece S.A.
Friday, May 27, 2011 - 11:49am | 138Shares of National Bank of Greece S.A. (NYSE: NBG) are lower on the session by 0.76%, currently trading at $1.30. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name...
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Squeeze Trade 05-26-2011
Thursday, May 26, 2011 - 7:05pm | 934Cusick's Corner Sorry folks -- the Midday edition was not emailed but it is posted on the blog, www.xpoundblog.com. I did get some emails about what I meant when I said yesterday that the market looks like it will "pop." I was referring to the upside and that is what we saw into the After Hours....
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$80 Billion In Secretive Fed Loans Disclosed
Thursday, May 26, 2011 - 2:36pm | 193An article from Bloomberg today reveals that the Federal Reserve instituted a secretive loan program from March through December 2008, which provided cheap funding to troubled banks. The largest borrowers were Credit Suisse (NYSE: CS), Goldman Sachs (NYSE: GS) and Royal Bank of Scotland (NYSE: RBS...
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CIT: Acquirer Or Acquiree?
Thursday, May 26, 2011 - 1:44pm | 457Jeff Aronson of Centerbridge Partners spoke at the Ira Sohn Conference, and gave an equity idea, despite Aronson being primarily a private equity guy. Aron said that he really likes CIT Group Inc. (NYSE: CIT), and has continued to purchase the stock since the company's bankruptcy a few years ago...
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UPDATE: Allied Irish Banks Announces Proposed Acquisition of EBS Limited to Form One of the Two Pillar Irish Banks
Thursday, May 26, 2011 - 1:34pm | 123Allied Irish Banks (NYSE: AIB) today announces that it has signed an agreement with the Minister for Finance, the National Treasury Management Agency and EBS Building Society to acquire EBS. Following completion of the Transaction, EBS will operate as a wholly owned, fully licensed subsidiary of...
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Wells Fargo to Acquire Strategic Ally Castle Pines Capital; Terms Not Disclosed
Thursday, May 26, 2011 - 12:45pm | 90Wells Fargo & Company (NYSE: WFC) announced today that Wells Fargo Bank, N.A. has entered into a definitive agreement to acquire the remaining equity interest in CP Equity LLC, the sole owner of Castle Pines Capital LLC and its affiliates, Castle Pines Capital International LLC and CPC Global...
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Financial Stocks Continue To Struggle
Thursday, May 26, 2011 - 10:39am | 416Most of the leading financial Stocks have been under pressure since the beginning of May. This leading sector is now starting to get extended on the downside and could be due for a short term bounce in the coming days. It is important to note that most of the leading financial stocks are trading...
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UPDATE: Oppenheimer Upgrades Comerica to Outperform
Thursday, May 26, 2011 - 9:21am | 131Oppenheimer is out with its report today on Comerica (NYSE: CMA), upgrading CMA from Perform to Outperform. In a note to clients, Oppenheimer writes, "We are upgrading our investment opinion on Comerica to Outperform from Perform with a price target of $43 per share, or a potential return of 23%....