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Benzinga's Top Downgrades (PG, STX, AMZN, LYG)
Monday, February 28, 2011 - 9:19am | 143Procter & Gamble Company (The) (NYSE: PG) was downgraded by BMO Capital from "outperform" to "market perform." PG's shares closed at $62.84 on Friday. Procter & Gamble's PEG ratio is 1.77. JP Morgan downgraded Seagate Technology Plc (NASDAQ: STX) from “neutral” to “underweight.” STX' stock...
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Keefe Bruyette Downs LYG To Underperform
Monday, February 28, 2011 - 8:03am | 44Analysts at Keefe Bruyette downgrade Lloyds TSB Group plc (NYSE: LYG) from “market perform” to “underperform.” LYG shares lost 3.11% to close at $4.05 on Friday. More Analyst Ratings here
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US Stock Futures Down As Investors Await Economic Data, HSBC Down In Pre-Market Trading
Monday, February 28, 2011 - 7:31am | 381US stock futures are lower this morning, as investors are awaiting economic data, including personal income and pending home sales. Futures on the Dow Jones Industrial Average dropped 1 point to 12,109.00. Futures on the S&P 500 stock index slipped 1.60 points to 1,316.80 and Nasdaq 100 futures...
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Goldman Sachs Upgrades Wells Fargo To CL-Buy, Downgrades Citi To Neutral (WFC, C)
Friday, February 25, 2011 - 8:47am | 189Goldman Sachs has upgraded Wells Fargo (NYSE: WFC) to CL-Buy, from Neutral and downgraded Citi (NYSE: C) to Neutral, from CL-Buy as WFC has had the most consistent core PPOP trends. Credit reached an inflection point in 4Q2010 WFC could surprise to the upside with both a dividend and buyback, and...
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US Stock Futures Up As Crude Oil Prices Stabilize; Economic Data, Earnings In Focus
Friday, February 25, 2011 - 7:43am | 567US stock futures are higher this morning as crude oil prices stabilized. Investors are awaiting economic reports. Futures for the Dow Jones Industrial Average gained 55 points to 12,092.00, while those for the S&P 500 index climbed 7 points to 1,309.70. Futures for the Nasdaq 100 index rose 15....
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Banks Under Pressure Again (BAC, JPM, C)
Thursday, February 24, 2011 - 12:21pm | 121Banking stocks are experiencing more pressure on Thursday in what is beginning to become a trend for the sector. The S&P is down marginally once again, but some widely held banking stocks are significantly underperforming that benchmark. In particular, Bank of America (NYSE: BAC) is a laggard...
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Setbacks For The Banking Industry (BAC, C, JPM, WFC)
Thursday, February 24, 2011 - 8:46am | 445The banking industry experienced another setback as a report revealed a staggeringly high number of banks at risk of failure in the last quarter of 2010. The number of banks at risk accounted for almost 12% of all federally-insured banks and is the highest number in almost two decades, according...
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Bank of America, Citigroup, Not Trading Well (BAC, JPM, WFC, C)
Wednesday, February 23, 2011 - 3:29pm | 122Bank of America (NYSE: BAC) and Citigroup (NYSE: C) have been trading heavy during the recent market correction, whereas Wells Fargo (NYSE: WFC) and J.P. Morgan (NYSE: JPM) are starting to see some inflows. It appears that investors are taking a more constructive attitude towards the higher...
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EWallstreeter Morning Financial Newspapers Recap
Wednesday, February 23, 2011 - 8:05am | 64Nasdaq OMX may bid for the New York Stock Exchange (NYSE: NYX) (Reuters) Oil reached a 2 1/2 high on Middle East concerns (Reuters) Hewlett-Packard (NYSE: HPQ) made a grim forecast for 2011 and its shares dropped (Reuters) Barclays (NYSE: BCS) won a $
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Mad Money Lightning Round: Cramer Advises Investors To Buy Apache (BMY, AAPL, APA, IBN, FCX, BHP)
Wednesday, February 23, 2011 - 3:58am | 184On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Bristol-Myers Squibb (NYSE: BMY) is “not doing anything.” He added, “They don't have a good pipeline. In the end there's little growth." For Apple (NASDAQ: AAPL), he said, "Expect that you'll have to buy more. It could have...
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Will The Banks Buy The Dip?
Tuesday, February 22, 2011 - 4:26pm | 367Nearly every trading day since late August 2010 the dip in the stock market has been bought. Many professional traders and investors suspect that the large major banks buy the major stock indexes just before the Federal Reserve Bank initiates their daily permanent open market operation (POMO). It...
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Benzinga's Top Downgrades (PDCO, BNS, DWA, NOK)
Tuesday, February 22, 2011 - 9:21am | 138Patterson Companies Inc (NASDAQ: PDCO) was downgraded by RW Baird from "outperform" to "neutral." PDCO's shares closed at $33.85 on Friday. PDCO's trailing-twelve-month profit margin is 6.74%. Macquarie downgraded Bank of Nova Scotia (NYSE: BNS) from “outperform” to “neutral.” BNS' stock closed at...
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Macquarie Downgrades BNS To Neutral
Tuesday, February 22, 2011 - 7:58am | 42Analysts at Macquarie downgrade Bank of Nova Scotia (NYSE: BNS) from “outperform” to “neutral.” BNS shares lost 0.68% to close at $61.49 on Friday. More Analyst Ratings here
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Warren Buffett's Berkshire Hathaway Dumps Nike, B of A, and Comcast
Sunday, February 20, 2011 - 6:23pm | 492Berkshire Hathaway (BRK-A) (BRK-B), the company run by billionaire Warren Buffett, has decided to to eliminate a couple of high profile names from its portfolio, including Nike (NKE), Bank of America (BAC), and Comcast (CMCSK). Buffett also got rid of Lowes (LOW), Becton Dickinson, (BDX), Nalco...
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Mad Money Lightning Round: Cramer Likes EMC (DD, EPD, TZOO, EMC, DELL, HCBK, USB, PWER, CVX, COP)
Thursday, February 17, 2011 - 4:13am | 272On CNBC's Mad Money, Jim Cramer said during the Lightning Round that DuPont (NYSE: DD) is “great.” He added, “They have a great business. That stock is a winner." Cramer likes Enterprise Products Partners (NYSE: EPD) and advises investors to buy that stock. For Travelzoo (NASDAQ: TZOO), he said...