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Market Flirt 01-11-2011
Tuesday, January 11, 2011 - 4:44pm | 838Cusick's Corner The market continues to flirt with levels that we have not seen in almost 3 years, 1278 on the SPX. It's worth noting that near the SPY's highs of 127.72, a large seller came in quickly on no news. The market has held its gains in spite of the pullback and the market action still...
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Portugal Doesn't Need Bailout... For Now
Tuesday, January 11, 2011 - 3:01pm | 300Portuguese economic officials continue to reiterate that the European country won't need a bailout, despite what the market thinks. Portugal is set to go back to the bond market on Wednesday, when it hopes to raise $1.6 billion in three and nine year bonds. Portugal will have to raise 20 billion...
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Puts Purchased on Royal Bank of Canada (RY)
Tuesday, January 11, 2011 - 1:20pm | 125Shares of Royal Bank of Canada (NYSE: RY) are higher on the session by 2.02%, currently trading at $53.08. The stock has been moving largely lower over the past three months, though it is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...
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Tuesday's Put/Call Ratio Leaders (ASNA, AON, BSX, HOG, IBN)
Tuesday, January 11, 2011 - 1:10pm | 84Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Ascena Retail Group (NASDAQ: ASNA) 6,763 puts, 4 calls 2. Aon Corp. (NYSE: AON) 2,540 puts, 13 calls 3. Boston Scientific Corp. (NYSE: BSX) 9,125 puts, 135 calls 4. Harley Davidson (...
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Banks: The Final Death of Free Checking?
Tuesday, January 11, 2011 - 12:51pm | 566By Stephanie Taylor Christensen Some of the biggest banks in the world will remind consumers that every action indeed does have a reaction in 2011. In late July 2010, President Obama signed new bank regulation laws limiting when and how financial institutions can charge customers for services like...
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Options Brief: ICICI Bank Limited (IBN)
Tuesday, January 11, 2011 - 12:21pm | 75Shares of ICICI Bank Limited (NYSE: IBN) are higher on the session by 1.74%, trading at $45.50. Overall put volume is now running at 2.88x the daily average, with 13% of all puts traded being purchases on the offer. 2,520 contracts have traded on the session so far. ICICI Bank Limited is a banking...
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Calls Purchased on HSBC Holdings (HBC)
Tuesday, January 11, 2011 - 11:47am | 129Shares of HSBC Holdings (NYSE: HBC) are higher on the session by 2.21%, currently trading at $53.62. The stock has been moving largely sideways over the past six months, though it is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today....
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Company News for January 11, 2011 - Corporate Summary
Tuesday, January 11, 2011 - 10:31am | 963• Alcoa (NYSE:AA) reported fourth quarter results of $0.21 lower than the Zacks Consensus Estimate of $0.24, on revenues of $5.65 billion, below the Zacks Consensus Estimate of $6.09 billion • Lennar (NYSE:LEN) reported fourth quarter earnings of $0.17, well above the Zacks Consensus Estimate of $...
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Company News for January 11, 2011 - Corporate Summary
Tuesday, January 11, 2011 - 10:21am | 963• Alcoa (NYSE:AA) reported fourth quarter results of $0.21 lower than the Zacks Consensus Estimate of $0.24, on revenues of $5.65 billion, below the Zacks Consensus Estimate of $6.09 billion • Lennar (NYSE:LEN) reported fourth quarter earnings of $0.17, well above the Zacks Consensus Estimate of $...
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Wells Fargo Insurance Services Has Acquired JFK Consulting Group, LLC
Tuesday, January 11, 2011 - 9:30am | 55Wells Fargo Insurance Services USA, Inc. – part of Wells Fargo & Company (NYSE: WFC)- announced today they have acquired JFK Consulting Group, LLC, an employee benefits brokerage and consulting firm located in Overland Park, Kansas. The acquisition closed on November 29, 2010. Terms of the...
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Citigroup Upgrades HBC To Buy
Tuesday, January 11, 2011 - 6:59am | 40Analysts at Citigroup upgrade HSBC Holdings plc (NYSE: HBC) from “hold” to “buy.” HBC shares fell 0.83% to close at $52.46 yesterday. More Analyst Ratings here
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2011 Bank Failures Start with 2 - Analyst Blog
Monday, January 10, 2011 - 11:01pm | 755U.S. regulators shuttered two more banks in Florida and Arizona last Friday, marking the first two of the expected high number of small bank failures in 2011. These two failures in 2011 so far compare with the total number of bank failures of 157 in 2010, 140 in 2009 and just 25 in 2008. While...
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2011 Bank Failures Start with 2 - Analyst Blog
Monday, January 10, 2011 - 3:07pm | 755U.S. regulators shuttered two more banks in Florida and Arizona last Friday, marking the first two of the expected high number of small bank failures in 2011. These two failures in 2011 so far compare with the total number of bank failures of 157 in 2010, 140 in 2009 and just 25 in 2008. While...
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2011 Bank Failures Start with 2 - Analyst Blog
Monday, January 10, 2011 - 2:42pm | 755U.S. regulators shuttered two more banks in Florida and Arizona last Friday, marking the first two of the expected high number of small bank failures in 2011. These two failures in 2011 so far compare with the total number of bank failures of 157 in 2010, 140 in 2009 and just 25 in 2008. While...
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2011 Bank Failures Start with 2 - Analyst Blog
Monday, January 10, 2011 - 2:42pm | 755U.S. regulators shuttered two more banks in Florida and Arizona last Friday, marking the first two of the expected high number of small bank failures in 2011. These two failures in 2011 so far compare with the total number of bank failures of 157 in 2010, 140 in 2009 and just 25 in 2008. While...