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FOMC Minutes Optimistic 02-16-2011
Wednesday, February 16, 2011 - 7:43pm | 902Cusick's Corner The S&P 500 has now doubled its value from two years ago and the tone of the overall market remains upbeat. Corporate earnings are staying positive. The FOMC Minutes that were released today sounded more optimistic about the nation's recovery; however they were not satisfied...
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Data Points to Inflation 02-16-2011
Wednesday, February 16, 2011 - 7:42pm | 956Cusick's Corner Inflation. The market this morning seems to think that inflation may be coming faster than originally anticipated. This was reflected in the PPI numbers that came in shockingly high, mostly due to commodity inflation. This puts further constraints on the consumer and whether or not...
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Alert: Major Double Top Hit On JPMorgan
Wednesday, February 16, 2011 - 12:51pm | 146JPMorgan Chase & Co. (NYSE: JPM) surged higher this morning on the back of a strong market. JPMorgan Chase found itself trading at $43.30, +1.48 (+3.16%). Other financial stocks were mixed as Wells Fargo & Company (NYSE: WFC) dropped sharply to $32.86, -0.82 (-2.43%) and Goldman Sachs Group...
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Bladex Reports Q4 EPS of $0.42 vs. $0.44
Wednesday, February 16, 2011 - 10:05am | 59Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) announced today its results for the fourth quarter and full-year ended December 31, 2010. Fourth quarter 2010 Net Income amounted to $15.5 million, an increase of $0.5 million, or 4%, compared to third quarter 2010, and an increase of $...
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Credit Suisse Ups BMO To Neutral
Wednesday, February 16, 2011 - 7:46am | 41Analysts at Credit Suisse upgrade Bank of Montreal (NYSE: BMO) from “underperform” to “neutral.” BMO shares lost 0.05% to close at $60.98 yesterday. More Analyst Ratings here
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Bearish Positions Accumulate in Yum! Brands (NYSE:YUM)
Tuesday, February 15, 2011 - 12:35pm | 1788Yum! Brands (NYSE:YUM) is looking to shed two of its less-iconic brands (Long John Silver's and A&W) but a long-term investor seems to be adding to his or her own bearish position by scooping up LEAP ratio put spreads. The January 2013 40 and 45 puts were active on Monday and it was the second...
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Top Performing Industries For February 15 (MGN, BCS, AHGP, BCA)
Tuesday, February 15, 2011 - 11:05am | 183At 10:05 am, the Dow dropped 0.33% to 12,227.51, the broader Standard & Poor's 500 index moved down 0.26% to 1,328.92 and the NASDAQ composite index fell 0.23% to 2,810.75. The industries that are still afloat in the market today are: Silver: This industry jumped 2.11% by 10:05 am. The top...
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Bearish Sentiment on Teva Pharmaceuticals (NASDAQ:TEVA)
Tuesday, February 15, 2011 - 10:07am | 1864Teva Pharmaceuticals (NASDAQ:TEVA) hasn't had the greatest week as far as analyst opinion is concerned. Research analysts at Deutsche Bank reduced their 12-month price target on the stock to $64 from $66 on Wednesday, albeit keeping a “buy” rating on the shares. Elsewhere, Morgan Stanley lowered...
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US Stock Futures Up As Investors Await Economic Data
Tuesday, February 15, 2011 - 7:15am | 359US stock futures are slightly higher this morning, as investors are awaiting economic data on retail sales and manufacturing activity in the New York area. Futures on the Dow Jones Industrial Average rose 11 points to 12,235 and S&P 500 futures gained 0.80 point to 1,328.50. Nasdaq 100 futures...
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Goldman Sachs Maintains Credicorp Neutral (BAP)
Monday, February 14, 2011 - 9:11am | 103Goldman Sachs maintained its Credicorp (NYSE: BAP) Neutral rating in a research report published today. In the report, Goldman Sachs states, "results. Credicorp, the largest bank in Peru, reported 4Q2010 recurring net income of US$129 million, 14.4% below our estimate, and EPADR of US$1.62....
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Benzinga's Top ETF Decliners, February 11th (BZQ, TMV, FAZ, EDZ)
Friday, February 11, 2011 - 8:00pm | 200ProShares Ultrashort MSCI Brazil (NYSE: BZQ) lost 4.62% on Friday, as Banco Itau Holding Financeira S.A. (ADR) (NYSE: ITUB) spiked 3.79%. Vale (ADR) (NYSE: VALE) gained 1.63%, and Banco Bradesco SA (ADR) (NYSE: BBD) added 3.76%. Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) fell 4.26%...
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Financials Leading The Way (BAC, JPM, WFC, XLF, C)
Friday, February 11, 2011 - 1:26pm | 128The big banks are among the leaders in a flat market on Friday. The Financial Select Sector SPDR (NYSE: XLF) has added 0.74% to $16.98. Bank of America (NYSE: BAC) has gained 1.55% and is sitting near its highs for the day. J.P. Morgan (NYSE: JPM) is having another strong session, adding 1.65% to...
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Some Financial Names Lagging (MS, BAC, WFC, C)
Thursday, February 10, 2011 - 2:18pm | 108A number of very prominent financial names are lagging the broader market during Thursday's trading session. Yesterday, Wells Fargo's (NYSE: WFC) CFO abruptly resigned, and that is weighing on the stock again today. WFC shares have lost 1.06% to $32.78. Other names that are underperforming include...
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Why the Wells Fargo CFO Quit and Pick-A-Pay Games
Thursday, February 10, 2011 - 11:02am | 1332What, exactly, would cause a highly paid executive to abruptly quit his job? The executive in question is Howard Atkins, former CFO of Wells Fargo (NYSE: WFC). In 2009, Mr. Atkins' total compensation was $11.6 million. That was up from $4.9 million in 2009 and $5.7 million 2007 – that's not bad...
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Fast Money Pops & Drops, February 9th (WFC, NOK, IR, TCK, BWLD)
Wednesday, February 9, 2011 - 8:43pm | 343Karen Finerman said on CNBC's Fast Money Pops & Drops that you should not jump in Wells Fargo & Company (NYSE: WFC). She added that it is never good to see the CFO leaving, but she believes that this is not related to anything financial. Wells Fargo & Company (WFC) fell 2.84% today, and...