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News Summary
Wednesday, May 26, 2010 - 9:35am | 293April factory orders for big-ticket goods appreciated owing to recovery in the demand for commercial aircrafts. The news further proved that the manufacturing sector is driving economic recovery. The Commerce Department today announced that requests for durable goods climbed 2.9% last month. Paul...
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Mattson Technology Retains “Hold” Rating (MTSN)
Tuesday, May 25, 2010 - 4:30pm | 158Mattson Technology (NASDAQ: MTSN) stock is showing signs of near-term consolidation, while maintaining a longer-term positive bias. In its report, Deutsche Bank (NYSE: DB) stated that Mattson Technology (MTSN) is expected to perform well on the strength of NAND flash adoption and robust demand....
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Deutsche Bank Endorses Seagate and Western Digital (DB, STX, WDC, AVT, FLEX)
Tuesday, May 25, 2010 - 4:10pm | 176Deutsche Bank (NYSE: DB) has released a report covering the performance of Electronics Supply Chain companies. A majority of the companies posted impressive Q1 earnings numbers and largely surpassed expectations. The companies also had higher operating margins. Telecom, networking and industrial...
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Deutsche Bank Reiterates Buy Rating For Acme Packet (APKT, DB)
Tuesday, May 25, 2010 - 4:05pm | 145Acme Packet (NASDAQ: APKT) stock has appreciated noticeably during the last 52 weeks. According to a report released by Deutsche Bank (NYSE: DB), the increase is attributable to the company’s market leading position and execution focus. Acme Packet (APKT) gained roughly 15% market share in the...
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Company News for May 25, 2010 - Corporate Summary
Tuesday, May 25, 2010 - 8:31am | 170• Medtronics (NYSE:MDT) reported fourth quarter earnings of 89 cents a share, one cent better than Zacks expectations, on inline revenues of $4.2 billion • Autozone (NYSE:AZO) topped estimates with first quarter earnings of $4.12, well above Zacks projections of $2.35, on better-than-expected...
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Deutsche Bank Reiterates Buy Rating On Art Technology Group (ARTG)
Monday, May 24, 2010 - 10:39am | 198In a research report released today, Deutsche Bank (NYSE: DB) reiterated their Buy rating and $6 price target on shares of Art Technology Group (NASDAQ: ARTG). Deutsche Bank (DB) analysts wrote that they expect for ARTG to garner a premium valuation over time as it demonstrated accelerating growth...
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Company News for May 24, 2010 - Corporate Summary
Monday, May 24, 2010 - 8:36am | 185• Campbell Soup (NYSE:CPB) posted fiscal third quarter earnings of 54 cents a share, up from Zacks estimates of 51 cents versus break 48 cents a year earlier on inline revenues of $1.8 billion • IBM (NYSE:IBM) announced plans to buy Sterling Commerce from AT&T (NYSE:T) for $1.4 billion • ...
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Company News for May 20, 2010 - Corporate Summary
Thursday, May 20, 2010 - 9:10am | 301• Staples (NASDAQ: SPLS) reported first quarter results one cent better than expected, rising to 28 cents up from 22 cents a year ago on inline revenues of $6.06 billion. The company offered full year guidance of $1.25-$1.33, with consensus views $1.33 • Sears Holdings (NASDAQ: SHLD) bested...
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Top 4 Large-Cap NYSE Stocks In The Financial Sector With The Lowest PEG Ratio (CS, LYG, BSBR, MS)
Thursday, May 20, 2010 - 6:01am | 135Below are the top 4 large-cap financial stocks on the NYSE in terms of PEG ratio. Credit Suisse Group (NYSE: CS) has a PEG ratio of 0.45. CS’ trailing-twelve-month operating margins stand at 29.02%. Lloyds Banking Group plc (NYSE: LYG) has a PEG ratio of 0.56. LYG fell 41.18% over the past 52 weeks...
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Freight Sector Looks Healthy (DB, KNX, WERN, JBHT, LSTR)
Wednesday, May 19, 2010 - 5:09pm | 181According to a Freight Tracker report released by Deutsche Bank (NYSE: DB), the TL market is showing strength. Spot TL pricing increased by 40-50% from January-February levels due to stronger demand and capacity reductions. Deutsche Bank (DB) also expects contractual pricing to follow the TL lead....
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Germany Moves to Ban Naked Short-Selling (XLF, DB)
Tuesday, May 18, 2010 - 3:41pm | 193In a move to counter the volatility hitting European markets in recent weeks, the German market regulator has announced a ban on naked short-selling of eurozone government debt and shares of major financial companies. BaFin, the German regulator, stated that the ban will take effect at midnight...
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Markets To Slide Down (UBS)
Tuesday, May 18, 2010 - 6:22am | 117The euro has continued its slide. On Monday, the sixteen nation currency hit a four-year low. In an interview with CNBC, Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), said, “Everyone’s looking wearily to see if the euro is going to come back and bite them again...
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UBS May Face Lawsuits In The U.S. (UBS)
Monday, May 17, 2010 - 10:01am | 154The Swiss Finance Minister has warned UBS (NYSE: UBS) that it may face lawsuits in the United States, if the Swiss parliament does not ratify its deal with the U.S. He, however, expressed the hope that Parliament will pass the deal in June. According to Reuters, he said, “The justice and finance...
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The Week Ahead May 17th -21st : 3 Main Market Drivers-Analyses, Ramifications
Saturday, May 15, 2010 - 10:23pm | 2625Summary EU Debt Crisis Scheduled, Potential Events, Ramifications EU Finance Ministers Meetings May 17th-18th: Sovereignty Or The Euro? Needed EU Control Over National Budgets = End of National Sovereignty Indicators of PIIGS Bond Sentiment Major EU Stock Exchanges and Financial Stocks ECB...
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Subpoenas Issued To Banks To Check For Misleading Rating Agencies, (GS, MS, C, UBS)
Friday, May 14, 2010 - 12:18pm | 136Investigators and prosecutors have started focusing their attention on complicated repackaged debt known as collateralized debt obligations. Prosecutors and regulators appear to be on a new track now looking to see if the big banks that designed and sold all those toxic mortgage-linked securities...