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Top 5 Wellington Positions
Tuesday, November 23, 2010 - 1:47pm | 98A tweet from Zerohedge shows that Wellington Management has its top 5 positions in some well known names, and any forced redemption, could lead to selling in these names. The top 5 positions are Exxon Mobil (NYSE: XOM), Apple (NASDAQ: AAPL), Pfizer (NYSE: PFE), Wells Fargo (NYSE: WFC) and Merck (...
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Weekly Market Commentary | Week of November 22, 2010
Tuesday, November 23, 2010 - 10:54am | 1265Highlights •In 2010, the biggest individual investor money flows were out of the lowest-yielding asset classes-cash and large cap U.S. stocks-and into higher-yielding asset classes like bonds (specifically high-yield bonds) and foreign stocks. •What we found most interesting last week was the key...
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Stock Market News for November 23, 2010 - Market News
Tuesday, November 23, 2010 - 10:33am | 597Equity markets closed modestly lower Monday, paring deeper losses, as the Federal Bureau of Investigation launched a broader insider-trading probe on Wall Street and Ireland's bailout kept investors guessing about its implications. Financials led the equities lower, weighed down by reports that the...
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Used Home Sales Fall - Analyst Blog
Tuesday, November 23, 2010 - 9:07am | 1777In October, existing home sales ran at a seasonally adjusted annual rate of 4.43 million. That pace is 2.2% lower than in September, and 25.9% below the year-ago rate. The year-ago rate of 5.98 million was inflated as everyone was rushing to get the deals done before they thought the first-time...
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UBS Upgrades RBS To Buy
Tuesday, November 23, 2010 - 7:56am | 42Analysts at UBS upgrade Royal Bank of Scotland Group (NYSE: RBS) from "neutral" to "buy." RBS' shares lost 4.63% to close at $12.78 yesterday. More Analyst Ratings here
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Stock Market News for November 23, 2010 - Market News
Tuesday, November 23, 2010 - 5:25am | 597Equity markets closed modestly lower Monday, paring deeper losses, as the Federal Bureau of Investigation launched a broader insider-trading probe on Wall Street and Ireland's bailout kept investors guessing about its implications. Financials led the equities lower, weighed down by reports that the...
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Benzinga's Top ETF Gainers (SOXL, FAZ, AGQ, BZQ)
Monday, November 22, 2010 - 7:06pm | 231Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) gained 3.71%, and closed at $43.37, on the strength in the semiconductor sector. In the semiconductor space, Teradyne, Inc. (NYSE: TER) spiked 5.65%, and closed at $12.53. Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) jumped 3.31%...
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Benzinga's Worst Performing Industries (AIB, BCAR, WL, TNE, TEF, FTE, GS, FNB, RF)
Monday, November 22, 2010 - 6:42pm | 235Foreign money center banks were the worst performing industry today. Allied Irish Banks, plc. (ADR) (NYSE: AIB) fell 9.76%, and Banco Santander, S.A. (ADR) (NYSE: STD) dropped 4.53%. Regional - Mid-Atlantic Banks traded 2.52% lower on Monday. In the space, Bank of the Carolinas Corporation (NASDAQ...
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Ireland Bailout Done, Who Is Next? - Voice of the People
Monday, November 22, 2010 - 6:30pm | 732Zacks' Voice of the People Highlights user inthemoneystocks: "Ireland Bailout Done, Who Is Next?" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Ireland Bailout Done, Who Is Next? This morning Ireland is expected to accept a...
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Barclays Customers Heart ETFs
Monday, November 22, 2010 - 3:17pm | 119British banking giant Barclays (NYSE: BCS), once the owner of the iShares ETF business, says the number of its customers using ETFs has more than doubled in the past two years. The combined value of those accounts are now up more than 330%, Barron's reported, citing a British press report....
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Benzinga's Political Round Up
Monday, November 22, 2010 - 1:09pm | 162Ireland has officially asked for a bailout, and will receive a bailout from the European Union and the IMF. AIG (NYSE: AIG) is selling its rail-car subsidiary in an effort to continue paying back the U.S. Treasury. The top 35 banks are a combined $100 billion short in capital requirements, as set...
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Ireland Bailout Done, Who Is Next? - Voice of the People
Monday, November 22, 2010 - 1:04pm | 732Zacks' Voice of the People Highlights user inthemoneystocks: "Ireland Bailout Done, Who Is Next?" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Ireland Bailout Done, Who Is Next? This morning Ireland is expected to accept a...
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Citi & Wells Settle Suit for $100M - Analyst Blog
Monday, November 22, 2010 - 12:42pm | 432Citigroup Inc. (C) and Wells Fargo & Co. (WFC) have decided to bury the hatchet associated with the Wachovia Corp. acquisition and move on. In order to settle all claims related to the lawsuit, Wells Fargo will have to pay $100 million to Citi. The dispute started two years ago when...
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Company News for November 22, 2010 - Corporate Summary
Monday, November 22, 2010 - 10:30am | 687• Tyson (NYSE: TSN) posted fiscal fourth quarter earnings of $0.64, beating estimates of $0.56. Revenues were $7.44 billion, below estimates of $7.75 billion • Tech Data (NASDAQ: TECD) reported third quarter earnings $1.07 up from estimates of $0.95 on revenues of $6.16 billion that beat estimates...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, November 22, 2010 - 9:45am | 341Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Agilysys Inc (AGYS) Aviat Networks Inc (AVNW) Barclays PLC (BCS) Big Lots Inc (BIG) BPZ Resources Inc (BPZ) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis Report AVIAT NETWORKS (AVNW): Free...