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End of Day Top Percentage Gainers and Losers (CAAS, GENE, TPX, SYMX, GY, SCOK, YONG, HERO, AIB, QXM)
Friday, April 8, 2011 - 3:32pm | 306Best 1) China Automotive Systems (NASDAQ: CAAS): Skyrocketing 38.57% to $11.28 after reporting that preliminary Q4 sales were ahead of consensus estimates. Looks like a short squeeze is taking place. 2) Genetic Technologies (NASDAQ: GENE): Currently up 15.85% to $3.09. Shares have been surging (...
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Afternoon Market Top Percentage Gainers and Losers (CAAS, GENE, HNSN, SYMX, TPX, SCOK, QXM, IDIX, AIB, HERO)
Friday, April 8, 2011 - 1:58pm | 291Best 1) China Automotive Systems (NASDAQ: CAAS): Skyrocketing 36.49% to $11.14 after reporting that preliminary Q4 sales were ahead of consensus estimates. Looks like a short squeeze is underway. 2) Genetic Technologies (NASDAQ: GENE): Currently up 22.6% to $3.25. Shares have been surging since...
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Benzinga's Political Roundup (HBC)
Friday, April 8, 2011 - 12:00pm | 113There is a deadline at midnight tonight for the government to avoid a shutdown, as Republicans and Democrats try to work on a 2011 budget. Portugal asked for a bailout yesterday from the European Union, and European finance ministers are discussing the size and terms of a rescue package. Current...
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Standpoint Research Downgrades Bancolombia to Hold (CIB)
Friday, April 8, 2011 - 11:45am | 18Standpoint Research downgrades Bancolombia (NYSE: CIB) from Accumulate to Hold.
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Sterne Agee Initiates USB At Neutral, $30 PT
Friday, April 8, 2011 - 9:41am | 34Sterne Agee is initiating coverage of U.S. Bancorp (NYSE: USB) with a Neutral rating and a $30 12-month price target. U.S. Bancorp currently trades at $26.43.
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Fast Money Picks For April 8th (TCK, TBT, PLCE, HBC)
Thursday, April 7, 2011 - 7:59pm | 210On CNBC's Fast Money, Joe Terranova recommended a long position in Teck Resources Limited (NYSE: TCK). He likes copper and coal. Teck Resources Limited (TCK) fell 1.64% in the regular trading session, and it added 1.53% in the after hours. Brian Kelly thinks that the bailout of Portugal is...
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Today's Action Had Some Buying on the Dips 04-07-2011
Thursday, April 7, 2011 - 6:55pm | 961Cusick's Corner The news today that Japan experienced yet another earthquake spooked the market, triggering selling. There were initial reports that their nuclear facilities did not suffer any damage so the sell-off did not last long and there was buying on the dips, which helped the markets trade...
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Wells Fargo Eliminates 1,900 Mortgage Jobs as Home Lending Slows - Bloomberg (WFC)
Thursday, April 7, 2011 - 1:32pm | 35Bloomberg reports, Wells Fargo (NYSE: WFC) cut 1,900 employees from its mortgage unit, or less than 1 percent of the workforce, as fewer would-be borrowers submit applications for loans.
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Benzinga's Political Roundup (STD, AMD, AIG, GS)
Thursday, April 7, 2011 - 12:20pm | 209Europe raised interest rates this morning by 25 basis points, as it looks to deal with rising inflation caused by surging oil prices. Portugal asked for a bailout yesterday, which could potentially affect Spanish banks like Santander (NYSE: STD), which hold Portuguese debt. President Barack Obama...
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Royal Bank Of Canada Said To Seek Buyers For U.S. Retail Bank (RY)
Thursday, April 7, 2011 - 11:02am | 23Royal Bank of Canada (NYSE: RY) said to seek buyers for U.S. retail bank.
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Options Brief: HSBC Holdings. (HBC)
Thursday, April 7, 2011 - 10:21am | 113Shares of HSBC Holdings (NYSE: HBC) are higher on the session by 1.28%, trading at $54.59. Overall call volume is now running at 2.59x the daily average, with 6% of all calls traded being purchases on the offer. 10,825 contracts have traded on the session so far. HSBC Holdings plc is a global...
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Compass Point Reiterates WFC Target, Lowers EPS Estimates
Wednesday, April 6, 2011 - 3:47pm | 154Compass Point is reiterating its $33 price target and its Neutral rating on shares of Wells Fargo & Company (NYSE: WFC). “We are reducing our 2011E EPS from $2.71 to $2.67 and our 2012E EPS from $3.24 to $3.20,” Compass Point writes. “Our adjustment is reflective of higher deposit insurance...
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Financial Stocks Hold Markets Up
Wednesday, April 6, 2011 - 3:30pm | 333The financial stocks are the one strong sector in the market today. It was a strange trading session today as the major stock indexes such as the Dow Jones Industrial Average(DJIA), S&P 500 Index, and the NASDAQ Composite started the morning with a sharp gap higher open. However, all the major...
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Compass Point LLC Reiterates US Bancorp Neutral Rating, Increases PT To $30 (USB)
Wednesday, April 6, 2011 - 2:13pm | 84Compass Point LLC reiterated its US Bancorp (NYSE: USB) Neutral rating and increased US Bancorp's price target from $22 to $30 in a research report published today. In the report, Compass Point LLC states, "We believe USB has more than ample reserve coverage, but note that management's cautious...
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Benzinga's Top Upgrades (CHTR, MITI, WPRT, BCS)
Wednesday, April 6, 2011 - 8:17am | 140Charter Communications Inc (NASDAQ: CHTR) was upgraded by Morgan Stanley from "equal weight" to "overweight." CHTR's shares closed at $52.88 yesterday. Charter Communications' trailing-twelve-month revenue is $7.06 billion. RBC Capital upgraded Micromet Inc (NASDAQ: MITI) from “sector perform” to...