-
J.P. Morgan Maintains Overweight on U.S. Bancorp (USB)
Monday, April 25, 2011 - 7:53am | 127J.P. Morgan is out with its report today on U.S. Bancorp (NYSE: USB), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We continue to rate U.S. Bancorp Overweight relative to the large-cap peer group of bank stocks due to our expectations for lower impact from the financial...
-
Top 5 S&P 500 worst performers for the week – IRM, GILD, HOG, KEY and DV
Sunday, April 24, 2011 - 6:21am | 1285The S&P 500 underperformed the Dow Jones but was pretty much equal with the NASDAQ composite. The Dow Jones Industrial Index ended the trading week at 12506, which represents 1.33% from previous week, the NASDAQ on the other hand closed the week at 2820.16 representing 2.01% from its previous...
-
Market Perspective & Perception 04-21-2011
Thursday, April 21, 2011 - 6:08pm | 918Cusick's Corner I had a great conversation with my dad this afternoon about Perspective & Perception and why it would be a great topic for a Corner -- so here I go. Perspective is how things appear, the reality. What we know is that earnings have been solid, economic data mixed and global...
-
Under The Hood: A Value Proposition
Thursday, April 21, 2011 - 2:27pm | 510There is always going to be some debate in the world of investing between value and growth. Some argue that value stocks outperform growth stocks, but naysayers will question the time periods in which it takes for value plays to outshine growth stars. Years? Decades? Longer? Obviously, growth...
-
Puts Purchased on HSBC Holdings plc (HBC)
Thursday, April 21, 2011 - 12:48pm | 145Shares of HSBC Holdings plc (NYSE: HBC) are higher on the session by 1.93%, currently trading at $54.51. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
-
Mitsubishi UFJ Financial Group and Morgan Stanley Announce Agreement to Convert Morgan Stanley Convertible Preferred Stock to Common Stock
Thursday, April 21, 2011 - 9:16am | 175Mitsubishi UFJ Financial Group, Inc. (MUFG) (NYSE: MTU) and Morgan Stanley (NYSE: MS) today announced that they have entered into an agreement to convert MUFG's outstanding convertible preferred stock in Morgan Stanley into Morgan Stanley common stock. Under the terms of the transaction, MUFG...
-
UPDATE: KBW Lowers PT on Wells Fargo to $33 (WFC)
Thursday, April 21, 2011 - 8:46am | 96KBW is out with its report today on Wells Fargo (NYSE: WFC), lowering its PT from $36 to $33. In a note to clients, KBW writes, "WFC reported 1Q EPS of $0.67 and we put operating EPS at $0.72 excluding merger charges. As a result of weakening revenue, we are decreasing our EPS estimates for 2011...
-
UPDATE: Morgan Stanley Lowers PT on Wells Fargo to $40 (WFC)
Thursday, April 21, 2011 - 8:27am | 109Morgan Stanley is out with its report today on Wells Fargo (NYSE: WFC), lowering its PT from $42 to $40. In a note to clients, Morgan Stanley writes, "We are overweight WFC on improving credit in 1H11 and rising PPoP in 2H11 as expenses fade and cross sell in the newly converted Eastern regions...
-
CEOWORLD Daily Business and Tech Roundup- AAPL, BP, RIG, VZ, RIMM, NOK, AIG, BRK.B, BA, GOOG, WFC…
Thursday, April 21, 2011 - 4:56am | 1297Apple (AAPL) earnings surpassed expectations- AAPL is trading higher by 1.41 percent to $342.61 in pre-market trading. Over the last 52 weeks the stock has ranged from a low of $199.25 to a high of $364.90. AAPL will report its fiscal-Q2 earnings after today's close. Analysts are expecting the...
-
Stocks Going Ex Dividend the Fourth Week of April
Wednesday, April 20, 2011 - 10:05pm | 751Here 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...
-
Fast Money Picks For April 21st (QCOM, MTL, WFC, CMI, BX, V)
Wednesday, April 20, 2011 - 7:41pm | 241CNBC Fast Money's Tim Seymour recommended Mechel OAO (ADR) (NYSE: MTL) as a buy, once again. Mechel OAO (ADR) (NYSE: MTL) gained 2.46% in the regular trading session, and it added 1.39% in the after hours. Stephen Weiss thinks that QUALCOMM, Inc. (NASDAQ: QCOM) should be bought, after it posted...
-
Options Brief: National Bank of Greece (NBG)
Wednesday, April 20, 2011 - 2:22pm | 96Shares of National Bank of Greece (NYSE: NBG) are lower on the session by 1.25%, trading at $1.58. Overall call volume is now running at 5.18x the daily average, with 81% of all calls traded being purchases on the offer. 4,265 contracts have traded on the session so far. National Bank of Greece...
-
Bad News For Goldman, Still Better Than Expected (GS, MS, MTU, BAC, JPM, LYG, BCS, RBS)
Wednesday, April 20, 2011 - 1:11pm | 497The Goldman Sachs Group (NYSE: GS) reported Q1 EPS of $1.56, nearly doubling the consensus estimate for a $0.82 per share profit. Revenues for the quarter were down 7% year-over-year to $11.89 billion, but were well above the consensus estimate of $10.18 billion. Lloyd C. Blankfein, Chairman and...
-
Wells Fargo Clocks The Financial Sector
Wednesday, April 20, 2011 - 12:23pm | 247While the markets are surging higher today, financial stocks are weak on the back of earnings from Wells Fargo & Company (NYSE: WFC). The company reported net income that rose 51% but revenue fell. Revenue dropped to $20.3 billion from $21.5 billion. This was mostly due to lower mortgage fees...
-
Swiss Cheese Rally
Wednesday, April 20, 2011 - 10:43am | 347This morning, the major stock indexes are soaring higher. The rally looks to be broad based as almost every stock on my screen is in the green. Most sectors are trading higher including technology, retail, energy, and mining. While everything looks really strong today there are some holes or...