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Techs Drag 05-17-2011
Tuesday, May 17, 2011 - 6:28pm | 900Cusick's Corner The Bulls have the Buck, UUP, finishing the After Hours at the worst levels of the day. Tech, QQQQ, was the drag as earnings came in strong but forecasts were guided down for future quarters. Finance, XLF, finished the day at its best levels, taking some of the pressure off of the...
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Marshall & Ilsley Corporation Shareholders Approve Merger Agreement With Bank of Montreal
Tuesday, May 17, 2011 - 1:22pm | 153Marshall & Ilsley Corporation (NYSE: MI) today announced that the holders of its common stock approved the merger agreement with Bank of Montreal (NYSE: BMO) pursuant to which BMO will acquire all outstanding shares of common stock of M&I in a stock-for-stock transaction. In addition,...
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Options Brief: Banco Santander, S.A. (STD)
Tuesday, May 17, 2011 - 10:52am | 88Shares of Banco Santander, S.A. (NYSE: STD) are higher on the session by 0.44%, trading at $11.39. Overall put volume is now running at 2.50x the daily average, with 0% of all puts traded being purchases on the offer. 6,002 contracts have traded on the session so far. Banco Santander, S.A. is a...
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CEOWORLD Top women in business list- World's most Inspiring Businesswomen
Tuesday, May 17, 2011 - 12:03am | 125315) Angela F. Braly- President and chief executive officer for WellPoint Inc. (WLP) 14) Ilene Gordon- Chairman of the Board, President and Chief Executive Officer of Corn Products International Inc. (CPO) 13) Ho Ching- Chief Executive Officer of Temasek Holdings Angela F. Braly ◄ Back...
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Earnings Roundup For May 16 (LOW, JCP, FXCM, MTU, VAL, VIT, SIHI, SORL, ESLT, TTT)
Monday, May 16, 2011 - 8:47am | 498Lowe's Companies (NYSE: LOW) reported a 5.7% decline in its fiscal first-quarter net income. The company's quarterly profit dropped to $461 million, from $489 million, in the year-ago period. Its earnings per share came in at $0.34 per share. Its shares outstanding dropped 7.8% to 1.33 billion. The...
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Should i buy Suburban Propane, Nucor, Olin Corporation- SPH, NUE, OLN today?
Monday, May 16, 2011 - 7:52am | 1292Suburban Propane Partners (SPH) is trading at a price of $52.90, a dramatic change of -0.49 with % change of -0.92 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 1.87B. TTM Gross Margin- 19.9%, TTM...
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Mitsubishi UFJ Financial Group Reports 50% Rise In Net Profit
Monday, May 16, 2011 - 5:00am | 92Mitsubishi UFJ Financial Group Inc (NYSE: MTU) reported a 50% jump in its net profit for the fiscal year ended March. The group's net profit increased to Y583.08 billion, versus a net profit of Y388.73 billion, in the year-earlier period. The group's operating revenue declined 10% to Y4.529...
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Calls Purchased on Barclays PLC (BCS)
Friday, May 13, 2011 - 11:36am | 144Shares of Barclays PLC (NYSE: BCS) are lower on the session by 2.25%, currently trading at $17.85. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...
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Wells Fargo May be a First-Mover Among Large Banks in Returning to M&A, KBW Reports
Friday, May 13, 2011 - 7:37am | 88KBW believes Wells Fargo (NYSE: WFC) may be a first-mover among large banks in returning to M&A. “The firm's first-quarter balance sheet was very liquid with strong capital, yet revenue starved,” KBW writes. “In our view, Wells Fargo could likely pursue a stock or insurance brokerage firm or...
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Benzinga's Top ETF Gainers, May 12th (SOXL, EPU, TUR, SGG)
Thursday, May 12, 2011 - 5:56pm | 240Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) gained 4.10% on Thursday, and it closed at $60.37. In the semiconductor space, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE: TSM) jumped 2.37%, and Altera Corporation (NASDAQ: ALTR) added 2.18%. Cisco Systems, Inc. (NASDAQ: CSCO) struggled...
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How to Profit from Greece's Misery (EUO, DRR, UUP, NBG)
Thursday, May 12, 2011 - 9:09am | 676German Finance Minister Wolfgang Schaeuble said that if Greece has trouble financing its debt, Germany will be willing to help but that any new aid will have to be tied to "clear conditions". The problem is that the Greek government has a problem with accepting agreed upon financial conditions...
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How to Profit from Greece's Misery (EUO, DRR, UUP, NBG)
Thursday, May 12, 2011 - 9:09am | 676German Finance Minister Wolfgang Schaeuble said that if Greece has trouble financing its debt, Germany will be willing to help but that any new aid will have to be tied to "clear conditions". The problem is that the Greek government has a problem with accepting agreed upon financial conditions...
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Benzinga's Top ETF Decliners, May 10th (TVIX, DRV, TZA, EDZ)
Tuesday, May 10, 2011 - 6:31pm | 187VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) lost 6.86%, and it closed at $22.21. This was the third trading session in a row that TVIX closed in the negative territory. Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) fell 5.10% today, and in the real estate sector, Vornado Realty...
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Benzinga's Top ETF Gainers, May 10th (DRN, BAL, EDC, SGG)
Tuesday, May 10, 2011 - 6:17pm | 219Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 4.82% on Tuesday, and it closed at $77.81. In the real estate space, Taubman Centers, Inc. (NYSE: TCO) jumped 2.30%, and Vornado Realty Trust (NYSE: VNO) added 1.80%. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) traded...
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Market Upgrades on 5/10/11- HEOP, KNDL, KWK, LPX, MR, ROSE, SAM, SKS, VIA.B, ALKS, BAP, COLB, CPN, FE, GBL, GTXI
Tuesday, May 10, 2011 - 10:49am | 1309Raymond James upgraded shares of Heritage Oaks Bancorp (HEOP), a holding company for Heritage Oaks Bank (the Bank) from an “underperform” rating to a “market perform” rating. Raymond James upgraded shares of Kendle International (KNDL), a global clinical research organization (CRO) that provides...