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New CM Treatment A Positive Development For Allergan, Wells Fargo Reports
Monday, October 18, 2010 - 11:44am | 125After the close on Friday, 10/15/10, Allergan, Inc. (NYSE: AGN) announced that the FDA approved Botox for chronic migraine (CM), Wells Fargo reports, noting that the approval came a few weeks sooner than we expected. “We view this news very positively because we believe the CM indication will...
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Citi Helping Bank Stocks (C)
Monday, October 18, 2010 - 11:34am | 156Shares of Citigroup Inc. (NYSE: C) are up over 3% today after the financial services giant reported better than expected earnings this morning. Citgroup reported earnings of 7 cents per share on revenues of $20.7 billion. Analysts had been looking for earnings of 6 cents per share on $21 billion...
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Stock Market News for October 18, 2010 - Market News
Monday, October 18, 2010 - 9:36am | 1073With fresh worries about the lurking foreclosure crisis keeping sentiments jittery, investors saw a bright spot in Google's earnings and sent broader indices higher on a mixed day on Wall Street. In one single session, Google's market capitalization soared by $19 billion as the technology company's...
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132 Bank Failures So Far in 2010 - Analyst Blog
Monday, October 18, 2010 - 9:15am | 1180Bank failures continue unabated as the U.S. regulators closed down three more banks on Friday. Out of the three failed banks, two were based in Missouri and one in Kansas. This brings the total number of bank failures to 132 so far in 2010, compared to 140 in 2009, 25 in 2008 and just 3 in 2007. ...
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Mike Khouw's Wells Fargo (WFC) Trade
Sunday, October 17, 2010 - 4:28pm | 172Mike Khouw and Carter Worth talked on CNBC's Options Action about Wells Fargo & Company (NYSE: WFC). Carter Worth analyzed this stock from a technical point of view, and said that the stock price reached its critical level. It is testing its August lows at $23.50, and its relative strength is...
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Benzinga's Top ETF Gainers (TQQQ, TYH, FAZ, TMV)
Friday, October 15, 2010 - 9:01pm | 183ProShares UltraPro QQQ (NASDAQ: TQQQ) gained 6.38% on Friday, as NASDAQ-100 jumped 2.10%. Google (NASDAQ: GOOG) was the best performer among the components of the NASDAQ-100 Index, with an increase of 11.19%. A good day for technology stocks lifted higher another bull market technology ETF....
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Long-Term Inflation Fighters 10-15-2010
Friday, October 15, 2010 - 6:20pm | 964Cusick's Corner The trend continues up and it's just not worth fighting a rising tide. Review the past four Corners for some ideas on trading this trending up market and how to mitigate the short-term impact of some momentary shakeouts. For those of you who are starting to see the potential for...
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Fed Keeps Market Green 10-15-2010
Friday, October 15, 2010 - 2:41pm | 1054Cusick's Corner It is options expiration -- chalk filled with data (no surprises this morning) and our head grounds keeper (the Fed Chief) confirmed that he is committed to keeping things green in the economy, leaving the sprinklers of cash going for the foreseeable future. This current story of...
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What's Hot on TheStreet
Friday, October 15, 2010 - 1:38pm | 301Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Buffett's Investment Hand Turns Cold Individual investors follow every step Warren Buffett makes. So do professional money managers. The pros invest their clients' money in Berkshire Hathaway (NYSE: BRK.A) stock....
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Financial Stocks Ripped Again As Foreclosure Fear Jumps
Friday, October 15, 2010 - 12:12pm | 288The stocks of JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corporation (NYSE: BAC) and Wells Fargo & Company (NYSE: WFC) were all crushed for the second straight day today as fear over the continuing foreclosure crisis swelled. Further regulation has not helped either as new rules are...
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Bank Stocks Getting Hit Hard On Foreclosure-Gate: Time To Stay Away (BAC, JPM, C, WFC)
Friday, October 15, 2010 - 11:05am | 244Shares of the banks are getting absolutely destroyed today, with Bank of America (NYSE: BAC) leading the way on a percentage basis. Bank stocks have been getting hit hard recently due to the foreclosure issues which have popped up, as banks have stopped foreclosures on concerns that procedures done...
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The 5 Dumbest Things on Wall Street: Oct. 15
Friday, October 15, 2010 - 10:19am | 2295. Super-Size My Foreclosure! When U.S. mortgage lenders saw the housing market going down the tubes and a wave of foreclosures headed their way, they of course staffed up with the most highly qualified accountants and mortgage processors they could find. So qualified, in fact, they found an...
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Bernstein Opens STD With Market Perform
Friday, October 15, 2010 - 6:37am | 42Analysts at Bernstein initiate coverage of Banco Santander (NYSE: STD) with a "market perform" rating. STD's shares rose 0.15% to close at $13.18 yesterday. More Analyst Ratings here
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Bond Market Starting to Show Nervousness
Thursday, October 14, 2010 - 6:30pm | 915Cusick's Corner The market bounced back into the close, well off its worst levels. But as I mentioned in the midday, the Bond market, TLT, is starting to show nervousness about future inflation and the continued flooding of capital on the fed long-term. What that means for equities is that money...
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Benzinga's Top ETF Gainers (AGQ, FAZ, VXX, TBT)
Thursday, October 14, 2010 - 5:31pm | 203ProShares Ultra Silver (ETF) (NYSE: AGQ) jumped 4.69% today, and closed at $105, as silver continued to move higher. This was the fifth trading session in a row that AGQ closed in the positive territory. Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) gained 3.89% today on concerns that...