-
Calls Purchased on Banco Santander (STD)
Monday, January 10, 2011 - 11:57am | 137Shares of Banco Santander (NYSE: STD) are lower on the session by 2.34%, currently trading at $9.68. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...
-
Stock Market News for Jan 10, 2011 - Market News
Monday, January 10, 2011 - 10:31am | 890On Friday, the markets sunk to close in the red as financial stocks plunged following the court's ruling of two foreclosures as invalid. Disappointing jobs growth data also added to the concern of the nervy investors and led the indices down. The Dow Jones Industrial Average lost 0.19% and...
-
Massachusetts Foreclosure Ruling Threatens Mortgage Handling (WFC, USB, BAC, GS, XLF)
Monday, January 10, 2011 - 10:23am | 471The Supreme Judicial Court in Massachusetts made a pivotal ruling on Friday against U.S. Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC) in a mortgage foreclosure case. The higher court confirmed the lower court's ruling which invalidated several foreclosure sales because proof of mortgage...
-
Stock Market News for Jan 10, 2011 - Market News
Monday, January 10, 2011 - 10:07am | 890On Friday, the markets sunk to close in the red as financial stocks plunged following the court's ruling of two foreclosures as invalid. Disappointing jobs growth data also added to the concern of the nervy investors and led the indices down. The Dow Jones Industrial Average lost 0.19% and...
-
FBR Capital Downgrades Sterling Financial, Flagstar Bancorp, Wells Fargo (STSA, FBC, WFC)
Monday, January 10, 2011 - 9:45am | 57FBR Capital downgrades the following companies: Sterling Financial (NASDAQ: STSA) from Outperform to Mkt. Perform. Flagstar Bancorp (NYSE: FBC) from Outperform to Mkt. Perform. Wells Fargo (NYSE: WFC) from Outperform to Mkt. Perform.
-
5 Resolutions You Should Have Made In 2011 (For Retirement Planning)
Monday, January 10, 2011 - 8:30am | 519While you might still be working on some New Year's resolutions centered on shedding holiday weight gain, maybe you should have considered the following five resolutions to get on track with retirement planning. Dull as it is to plan for something that may be thirty years in the future, save...
-
UBS Ups BCS To Buy
Monday, January 10, 2011 - 7:01am | 38Analysts at UBS upgrade Barclays Plc (NYSE: BCS) from “neutral” to “buy.” BCS shares closed at $17.26 on Friday. More Analyst Ratings here
-
Jobs Number Not Big Enough for Bulls 01-07-2011
Friday, January 7, 2011 - 4:16pm | 891Cusick's Corner The employment number didn't look big enough to keep all the bulls happy, so there's been some small profit taking. The EU is weighing down the market and the Euro. I'll be watching the Euro's close today to see if it cannot break and settle above 1.30, the currency could continue...
-
Benzinga's Political Roundup (AIG)
Friday, January 7, 2011 - 1:04pm | 125AIG (NYSE: AIG) is going to pay $450 million to settle a lawsuit regarding workman's compensation issues. President Obama appointed William Daley to be his new chief of staff, in a move many see as being business friendly. A Massachusetts court ruled against banks ability to foreclose because the...
-
Tide May be Turning Bearish in Intel (INTC)
Friday, January 7, 2011 - 10:14am | 1953As Intel (NASDAQ:INTC) approaches its earnings report next week, analysts are taking stock of their stake in the semiconductor. Piper Jaffray downgraded the stock to neutral from overweight earlier this week, setting a 12-month price target of $21.50. This doesn't represent much upside for the...
-
Wells Fargo Acquires Brokerage Firm - Analyst Blog
Thursday, January 6, 2011 - 3:33pm | 577Wells Fargo Insurance Services USA Inc., an insurance unit of Wells Fargo & Company (WFC) announced the acquisition of Prestige Professional Plans on Wednesday. Based in Dayton, Ohio, the acquired entity is an employee benefits insurance brokerage firm. Wells Fargo closed the acquisition...
-
Wells Fargo Acquires Brokerage Firm - Analyst Blog
Thursday, January 6, 2011 - 2:43pm | 577Wells Fargo Insurance Services USA Inc., an insurance unit of Wells Fargo & Company (WFC) announced the acquisition of Prestige Professional Plans on Wednesday. Based in Dayton, Ohio, the acquired entity is an employee benefits insurance brokerage firm. Wells Fargo closed the acquisition...
-
Oppenheimer Downgrades CMS Energy, SunTrust Banks, Comerica, Rackspace (CMS, STI, CMA, RAX)
Thursday, January 6, 2011 - 10:43am | 67Oppenheimer downgrades the following companies: CMS Energy (NYSE: CMS) from Outperform to Perform. SunTrust Banks (NYSE: STI) from Perform to Underperform. Comerica (NYSE: CMA) from Outperform to Perform. Rackspace (NYSE: RAX) from Outperform to Perform.
-
Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 10:33am | 719• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
-
Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 10:19am | 719• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...