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Zacks #1 Rank Additions for Friday - Tale of the Tape
Friday, November 19, 2010 - 4:14am | 260Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Air Liquide (AIQUY) Avnet Inc (AVT) Banco Macro SA (BMA) BofI Holding Inc (BOFI) BRE Properties Inc (BRE) View the entire Zacks #1 Rank List. AVNET (AVT): Free Stock Analysis Report BANCO MACRO-ADR (BMA): Free Stock Analysis...
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Risk On Trade 11-18-2010
Thursday, November 18, 2010 - 7:49pm | 749Cusick's Corner The market held its gains, the Dollar pulled back and commodities bounced off critical mid-term support. The risk on trade, equities, is still in play with the focus now off of EU and China (at least until tomorrow). Speaking of tomorrow, it is Expiration Friday, so there could be...
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Wells Fargo Provides $514M in Funding to Affiliates of Blackstone Real Estate Advisors
Thursday, November 18, 2010 - 5:20pm | 111Wells Fargo & Company (NYSE: WFC) has announced the funding of a $514 million syndicated five-year senior secured term loan to affiliates of Blackstone Real Estate Advisors for the acquisition of a geographically diversified portfolio of 182 properties in 28 distinct markets. The transaction...
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Sovereign Debt Back on Front Burner 11-18-2010
Thursday, November 18, 2010 - 4:04pm | 867Cusick's Corner The Irish meet with the ECB and IMF today and the market feels that this is enough of a catalyst to retrace yesterday's pullback. The bulls appear to have a heightened sense of continued headline risk, especially if the Irish walk away from the ECB and IMF. This puts the sovereign...
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Most Large Banks Ready for Stress Tests, Dividends
Thursday, November 18, 2010 - 1:22pm | 430Most of the 19 large bank holding companies that will submit their capital plans to the Federal Reserve in early 2011 appear set to gain approval to begin returning capital to investors by increasing their dividends or buying back shares. The regulator made clear that banks still owing the...
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Benzinga's Political Round Up
Thursday, November 18, 2010 - 1:13pm | 128Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) and Ally Financial are set to meet with state Attorney Generals over the foreclosure probe this week. Ireland is on the verge of asking for a bailout, to the tune of "tens of billions". This is beneficial for the banking sector, and banks like Allied...
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Growth & Income Stock Picks-Nov.18, 2010 - Zacks Rank Buys
Thursday, November 18, 2010 - 12:42pm | 89BANCOLOMBIA-ADR (CIB): Free Stock Analysis Report CINEMARK HLDGS (CNK): Free Stock Analysis Report Zacks Investment Research
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Calls Purchased on Allied Irish Banks (AIB)
Thursday, November 18, 2010 - 12:42pm | 155Shares of Allied Irish Banks (NYSE: AIB) are higher on the session by 10.19%, currently trading at $1.19. 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...
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Another Round of Stress Tests Ahead - Analyst Blog
Thursday, November 18, 2010 - 11:36am | 789America's largest banks will have to go through another round of stress tests to prove that they will be able to confront another recession with their financial strength, the Federal Reserve said Wednesday. All of the 19 largest banks regulated by the Federal Reserve including Bank of America...
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You Didn't Think The Market Would Be Lower On The Day Of The GM IPO?
Thursday, November 18, 2010 - 10:55am | 404Today was the most predictable gap higher open that I have ever seen. After a week of heavy declines and a 50 point pullback in the S&P 500 Index the stock market gaps sharply higher this morning. Was the gap up caused because China cooled off their inflated economy? No. Did the stock market...
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Stock Market News for November 18, 2010 - Market News
Thursday, November 18, 2010 - 10:33am | 1056Stocks closed mixed on Wednesday amid lingering concerns about debt problems in Europe and a sharp drop in construction of new homes in the U.S. Financials were the weak spot in yesterday's trading but strength in retailers' shares helped contain the losses. The blue-chip Dow average closed with a...
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Fed Devises Dividend Increase Plan - Analyst Blog
Thursday, November 18, 2010 - 10:03am | 662Following the doubling of dividend and share buyback announcement by Comerica Inc. (CMA), the Federal Reserve has devised guidelines that it would follow to grant banks, that undergone stress test in 2009, the permission to increase dividends and buy back shares. The Fed plans to start...
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, November 18, 2010 - 9:33am | 344Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Abraxas Petroleum Corp (AXAS) Amer Reprographics Co (ARP) Barclays PLC (BCS) Brookfield Asset Mgmt Inc (BAM) Companhia Siderurgica Nacional ADR (SID) View the entire Zacks #5 Rank List. AMER REPROGRAPH (ARP): Free Stock...
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Another Round of Stress Tests Ahead - Analyst Blog
Thursday, November 18, 2010 - 6:04am | 789America's largest banks will have to go through another round of stress tests to prove that they will be able to confront another recession with their financial strength, the Federal Reserve said Wednesday. All of the 19 largest banks regulated by the Federal Reserve including Bank of America...
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Stock Market News for November 18, 2010 - Market News
Thursday, November 18, 2010 - 5:06am | 1056Stocks closed mixed on Wednesday amid lingering concerns about debt problems in Europe and a sharp drop in construction of new homes in the U.S. Financials were the weak spot in yesterday's trading but strength in retailers' shares helped contain the losses. The blue-chip Dow average closed with a...