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Afternoon Market Update (LCC, UAL, LFL, GOL, RY, CYTK)
Monday, December 13, 2010 - 1:13pm | 216US Airline stocks fell, with the NYSE Arca Airline Index (XAL) losing about 0.48%. The two decliners in the list included US Airways (NYSE: LCC) and United Continental Holdings (NYSE: UAL). The only gainers in the list were Lan Airlines (NYSE: LFL) and Gol Linhas Aereas (NYSE: GOL). Moody's...
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Irving Picard Files Suits Against Big Banks over Madoff Ponzi Scheme
Monday, December 13, 2010 - 1:05pm | 173Irving Picard is a busy man this week. As the trustee in the Bernard L. Madoff scandal, Picard is targeting big banks he feels turned a blind-eye to Madoff's Ponzi scheme, or did not use due diligence. Among the list of banks Picard is going after are: UBS (NYSE: UBS), sued for $2.5 billion,...
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Equity One to Offer Common Shares - Analyst Blog
Monday, December 13, 2010 - 12:03pm | 399Equity One Inc. (EQY), a real estate investment trust (REIT) engaged in the ownership, management, and development of neighborhood and community shopping centers in the U.S., has recently announced its offer of 8 million common shares at $16.90 per share. The company will also grant the...
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Equity One to Offer Common Shares - Analyst Blog
Monday, December 13, 2010 - 11:30am | 399Equity One Inc. (EQY), a real estate investment trust (REIT) engaged in the ownership, management, and development of neighborhood and community shopping centers in the U.S., has recently announced its offer of 8 million common shares at $16.90 per share. The company will also grant the...
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Bank Failures Cross 150 - Analyst Blog
Monday, December 13, 2010 - 11:00am | 750The U.S. regulators shuttered two more banks in Michigan and Pennsylvania on Friday. With the failure of these two banks, the tally has surpassed 150 this year. This brings the total number of bank failures to 151, compared to 140 in 2009, 25 in 2008 and just 3 in 2007. While the bigger banks...
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Bank Failures Cross 150 - Analyst Blog
Monday, December 13, 2010 - 10:13am | 750The U.S. regulators shuttered two more banks in Michigan and Pennsylvania on Friday. With the failure of these two banks, the tally has surpassed 150 this year. This brings the total number of bank failures to 151, compared to 140 in 2009, 25 in 2008 and just 3 in 2007. While the bigger banks...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, December 13, 2010 - 9:33am | 350Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alere Inc (ALR) Amdocs Ltd (DOX) Barclays PLC (BCS) Career Edu Corp (CECO) Consol Energy (CNX) View the entire Zacks #5 Rank List. ALERE INC (ALR): Free Stock Analysis Report BARCLAY PLC-ADR (BCS): Free Stock Analysis...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, December 13, 2010 - 9:14am | 350Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alere Inc (ALR) Amdocs Ltd (DOX) Barclays PLC (BCS) Career Edu Corp (CECO) Consol Energy (CNX) View the entire Zacks #5 Rank List. ALERE INC (ALR): Free Stock Analysis Report BARCLAY PLC-ADR (BCS): Free Stock Analysis...
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VeriFone Key Player in Mobile Payment Revolution
Friday, December 10, 2010 - 4:56pm | 705VeriFone Systems Inc. (NYSE: PAY) is one of the key players in a growing movement to replace credit cards with smartphone payment applications. As a result, the San Jose company has seen its stock nearly triple in the past year. VeriFone is among the top five holdings of my Silicon Valley 2.0...
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US Bancorp Hitting Session Highs
Friday, December 10, 2010 - 3:42pm | 97U.S. Bancorp (NYSE: USB) is hitting session highs, as are other financial stocks, as stocks start to breakout with just over an hour left to the trading week. Other financials like Bank of America (NYSE: BAC), J.P. Morgan (NYSE: JPM) and Citigroup (NYSE: C) are also higher this afternoon. At last...
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Citi Back with a Bang - Analyst Blog
Friday, December 10, 2010 - 2:30pm | 656Following the wrap up sale of Citigroup Inc.'s (C) stake by the Treasury, Citi is back to its form. The company is now focused on inducting strategic initiatives to improve its profitability in the upcoming years. Citi's core business is progressing well and the international business is...
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Citi Back with a Bang - Analyst Blog
Friday, December 10, 2010 - 1:59pm | 656Following the wrap up sale of Citigroup Inc.'s (C) stake by the Treasury, Citi is back to its form. The company is now focused on inducting strategic initiatives to improve its profitability in the upcoming years. Citi's core business is progressing well and the international business is...
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Friday's Put/Call Ratio Leaders (NVS, STD, BPOP, GCI, MU)
Friday, December 10, 2010 - 1:12pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Novartis AG (NYSE: NVS) 16,317 puts, 151 calls 2. Santander Finance Preferred (NYSE: STD) 3,813 puts, 395 calls 3. Popular Inc. (NASDAQ: BPOP) 39,144 puts, 4,816 calls 4. Gannett Co...
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Options Brief: Lloyds Banking Group (LYG)
Friday, December 10, 2010 - 11:47am | 79Shares of Lloyds Banking Group (NYSE: LYG) are lower on the session by 0.69%, trading at $4.30. Overall put volume is now running at 13.74x the daily average, with 49% of all puts traded being purchases on the offer. 1,250 contracts have traded on the session so far. Lloyds Banking Group plc is a...
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Stock Market News For Dec 10, 2010 - Market News
Friday, December 10, 2010 - 10:33am | 948On Thursday, markets registered modest upward movement. The blue chip index was led slightly lower primarily due to a weak forecast from DuPont (NYSE: DD), but the S&P 500 closed at its two year high, while Nasdaq moved to its highest level since December 2007. The major benchmark indices...