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Fast Money Picks For January 14th (QLGC, MTL, TXN, GLD, FCX, USB)
Thursday, January 13, 2011 - 7:49pm | 284Brian Kelly said on CNBC's Fast Money that he likes QLogic Corporation (NASDAQ: QLGC). He recommended this stock as a buy. QLogic Corporation (QLGC) gained 1.46% today, and closed at $17.39. Tim Seymour suggests a short position in Mechel OAO (ADR) (NYSE: MTL) tomorrow. He explained that coal price...
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Commodities Tumble, However, Banks Are Steady Eddie
Thursday, January 13, 2011 - 4:26pm | 150Today the major stock indexes are trading just slightly lower on the session. The declines in the market come as gold, silver, copper and oil all selling off today. The one sector that is holding up very well is the beloved large financial stocks that are 'too be to fail'. Major financial stocks...
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High Yield Stocks of the Third Largest Economy in the World
Thursday, January 13, 2011 - 3:16pm | 544Can you guess what the third largest economy in the world is? Not the United States, not China. It is India, which also happens to be the second fastest growing major economy in the world. If you think tech is their biggest industry, you would be wrong. IT accounts for only about 1% of the total...
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Options Brief: Banco Santander. (STD)
Thursday, January 13, 2011 - 11:44am | 99Shares of Banco Santander (NYSE: STD) are higher on the session by 4.50%, trading at $11.38. Overall call volume is now running at 2.43x the daily average, with 14% of all calls traded being purchases on the offer. 9,163 contracts have traded on the session so far. Banco Santander, S.A. is a...
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CMA Shares At Higher End Of Near-Term Potential, Sterne Agee Reports
Thursday, January 13, 2011 - 11:03am | 94Sterne Agee reports that it was cautious on Comerica Incorporated (NYSE: CMA) heading into 3Q10 earnings and became more positive last November (increasing the anticipated trading range +$2 to $36-$42). “Thematically we like CMA given expected improvement in asset quality and potential leveraging...
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Company News for January 13, 2011 - Corporate Summary
Thursday, January 13, 2011 - 11:01am | 799• Baird has upgraded Micron (NYSE:MU) from "neutral" to "outperform" increasing the target price from $8 to $15 • Infosys (NASDAQ:INFY) posted fiscal third quarter earnings of $0.69, above the Zacks Consensus Estimate of $0.66, on revenues of $1.59 billion, slightly lower than the Zacks Consensus...
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Company News for January 13, 2011 - Corporate Summary
Thursday, January 13, 2011 - 10:40am | 799• Baird has upgraded Micron (NYSE:MU) from "neutral" to "outperform" increasing the target price from $8 to $15 • Infosys (NASDAQ:INFY) posted fiscal third quarter earnings of $0.69, above the Zacks Consensus Estimate of $0.66, on revenues of $1.59 billion, slightly lower than the Zacks Consensus...
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Stock Market News for Jan 13, 2011 - Market News
Thursday, January 13, 2011 - 10:31am | 1360Markets rose to fresh highs as bank stocks led the rally following optimistic earnings prospects and some upgrades. Benchmarks touched multi-year highs as concerns about the euro-zone debt crisis eased and the Federal Reserve released an upbeat report. The Dow gained 0.7% and closed at 11,755....
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Stock Market News for Jan 13, 2011 - Market News
Thursday, January 13, 2011 - 10:06am | 1360Markets rose to fresh highs as bank stocks led the rally following optimistic earnings prospects and some upgrades. Benchmarks touched multi-year highs as concerns about the euro-zone debt crisis eased and the Federal Reserve released an upbeat report. The Dow gained 0.7% and closed at 11,755....
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Top 4 NYSE Stocks In The Foreign Money Center Banks Industry With The Highest ROE (ITUB, WBK, UBS, CS)
Thursday, January 13, 2011 - 6:01am | 129Below are the top foreign money center bank stocks on the NYSE in terms of return on equity. The trailing-twelve-month return on equity at Itau Unibanco Banco Holding SA (NYSE: ITUB) is 31.42%. ITUB's PEG ratio is 1.02. The trailing-twelve-month return on equity at Westpac Banking Corporation (NYSE...
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Benzinga's Top Performing Industries, January 12th (WCBO, PFBC, STD, DB, UBS, NVDA, UCCT, FBP, BBVA, HDB, ANW, CNAM)
Wednesday, January 12, 2011 - 7:31pm | 257Regional - pacific banks traded 9.32% higher today, as West Coast Bancorp (NASDAQ: WCBO) traded 4.69% higher. Preferred Bank (NASDAQ: PFBC) jumped 3.11%, and closed at $1.99. Foreign money center banks gained 4.66% on Wednesday, and in the space, Banco Santander, S.A. (ADR) (NYSE: STD) spiked 12.23...
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Benzinga's Top ETF Decliners, January 12th (DPK, EDZ, EPV, SOXS)
Wednesday, January 12, 2011 - 7:09pm | 243Direxion Daily Developed Markets Bear 3x Shares(ETF) (NYSE: DPK) fell 6.50% on Wednesday, as Banco Santander, S.A. (ADR) (NYSE: STD) traded 12.23% higher. BHP Billiton Limited (ADR) (NYSE: BHP) is also a component of the MSCI EAFE Index, and it jumped 2.10%. Direxion Daily Emerging Markets Bear 3x...
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Benzinga's Top ETF Gainers, January 12th (EWP, EDC, SOXL, EWI)
Wednesday, January 12, 2011 - 6:51pm | 204iShares MSCI Spain Index (ETF) (NYSE: EWP) spiked 7.61% today, and closed at $37.20. Spanish stocks traded higher, after Portugal successfully issued new debt. Banco Santander, S.A. (ADR) (NYSE: STD) jumped 12.23%, and closed at $10.89. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE:...
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JPMorgan Looks to Raise Dividend - Analyst Blog
Wednesday, January 12, 2011 - 5:31pm | 796On Tuesday, JPMorgan Chase & Co.'s (JPM) CEO Jamie Dimon commented in an interview on CNBC that the company will soon increase its annual dividend to the range of 75 cents to $1 per share. The dividend hike is expected in the second quarter of 2011. According to Mr. Dimon, once the Federal...
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It's A Banker's World. We Are Just Living In It.
Wednesday, January 12, 2011 - 4:56pm | 685If you watch the nightly news or listen to any of the political talk shows you will hear that the major banks in the United States have paid back all the borrowed money from the Troubled Asset Relief Program(TARP) to the U.S. government. The media is now telling the American taxpayer that the...