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Portugal Hasn't Requested A Bailout.... Yet, & How To Trade It (EWP, STD)
Wednesday, April 6, 2011 - 8:15am | 347Portugal hasn't requested a bailout, the European Commission said yesterday, but market forces and speculators believe that it will happen, sooner rather than later. "I haven't seen, heard or sensed any sign coming from the Portuguese authorities [of a bailout request]," a spokesman for EU...
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A Peek Into The Market Before The Trading Starts
Wednesday, April 6, 2011 - 7:23am | 383Pre-open movers US stock futures are higher this morning, as investors are awaiting quarterly results from Monsanto Co (NYSE: MON). Gold futures surged to a new high. Futures for the Dow Jones Industrial Average surged 68 points to 12,395.00, while those for the S&P 500 index rose 8.70 points...
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Canaccord Upgrades BCS To Buy
Wednesday, April 6, 2011 - 6:25am | 39Analysts at Canaccord upgrade Barclays PLC (NYSE: BCS) from “hold” to “buy.” BCS shares gained 2.24% to $19.15 in pre-market trading. More Analyst Ratings here
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Markets Defy Gravity And Here Is The Reason
Tuesday, April 5, 2011 - 3:53pm | 510This afternoon the major stock market indexes are holding on to some small minor gains. Nothing seems to stop this market from moving higher. WTI oil is trading over $108.00 a barrel. The United States Gasoline Fund(NYSE: UGA) is trading higher again by 0.43 to $51.75 a share which is a new 52 week...
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Wells Fargo Agrees to Settle SEC's Wachovia Charges For $11M (WFC)
Tuesday, April 5, 2011 - 1:47pm | 20Wells Fargo (NYSE: WFC) Agrees to Settle SEC's Wachovia Charges For $11M.
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Financial Giants Continue To Lag
Tuesday, April 5, 2011 - 11:04am | 299Since the late February correction the financial stocks have lagged the major stock indexes. On March 16, 2011 the major stock indexes all made a pivot low, however, the large financial stocks have not rallied as much with most other sectors. The highly popular Financial Select SPDR Fund(NYSE: XLF...
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Options Brief: Allied Irish Banks (AIB)
Tuesday, April 5, 2011 - 10:55am | 92Shares of Allied Irish Banks (NYSE: AIB) are higher on the session by 16.34%, trading at $4.70. Overall call volume is now running at 3.92x the daily average, with 64% of all calls traded being purchases on the offer. 1,497 contracts have traded on the session so far. Allied Irish Banks, p.l.c...
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Top Trade Ideas for Tuesday April 05
Monday, April 4, 2011 - 6:23pm | 2154( click to enlarge ) Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has made an awesome move today. The stock hit new highs of $8.56, which is resistance for the follow through move on Tuesday. If MPEL can break through highs, we should see another high volume move as the stock moves...
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Benzinga's After Hours Gainers (NSM, AD, ADM, IRE, LSI, CBST, ONNN, EXPE, MXIM, LLTC, ATML)
Monday, April 4, 2011 - 6:16pm | 344Monday's regular trading session was a quiet, very low volume affair. The same cannot be said, however, about the after hours session which has been extremely active after Texas Instruments (NYSE: TXN) said it had struck a deal to buy National Semiconductor (NYSE: NSM) for $6 billion. This sent...
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Afternoon Trade: Top and Bottom Five Percentage Gainers (MSSR, AIB, HEAT, COOL, OREX, AMIE, JGBO, HRZ, DGW, RVSN)
Monday, April 4, 2011 - 2:13pm | 390The market was quiet for most of the morning but has just recently begun to come under some selling pressure. All three major indices are now sitting in negative territory. The current top 5% gainers and losers in the market are: Best 1) McCormick & Schmick's Seafood Restaurants (NASDAQ:...
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Benzinga's Political Roundup (WFC)
Monday, April 4, 2011 - 12:05pm | 65The SEC is going to sue Wachovia Corp., now owned by Wells Fargo & Co. (NYSE: WFC) for overpricing mortgage-bond deals. A Republican plan for the 2012 budget would cut more than $4 trillion over the next decade.
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Anglo Irish Bank's Dukes Commenting On Ireland - Bloomberg (IRE)
Monday, April 4, 2011 - 11:37am | 54Anglo Irish Bank's Dukes are commenting on Ireland. They said, "may be default in one peripheral country if no action, peripheral default may be inevitable if no European action, Ireland has a major fiscal problem." Benzinga recommends you look at the Bank of Ireland (NYSE: IRE).
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Calls Purchased on Bank of Ireland (IRE)
Monday, April 4, 2011 - 11:07am | 127Shares of Bank of Ireland (NYSE: IRE) are higher on the session by 5.14%, currently trading at $2.25. The stock has been moving largely higher over the past week and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. Though action ahs been...
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Standpoint Research Initiates Banco Macro Argentina with Buy
Monday, April 4, 2011 - 10:14am | 25Standpoint Research initiates Banco Macro Argentina (NYSE: BMA) with a Buy recommendation and price target of $50-$55.
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Sterne Agee Dropping Coverage Of Sterling Bancshares
Monday, April 4, 2011 - 9:16am | 52According to Sterne Agee, Sterling Bancshares (NASDAQ: SBIB) coverage is dropped. Sterne Agee reported that it is dropping coverage effective immediately of SBIB due to the pending acquisition by Comerica (CMA). Sterling Bancshares closed on Friday at $8.65.