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UBS Reiterates Intel (INTC) As “Buy” with A Price Objective Of $27
Monday, December 14, 2009 - 3:06pm | 111UBS (NYSE: UBS) has reiterated Intel Corporation (NYSE: INTC) as “BUY” on continued favorable PC market trends, especially in notebooks. The report said that shipments of new 32nm processors including its 6-core Westmere-EP for servers will benefit Intel in the forthcoming quarter. The analysts...
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Treasury Sells JPMorgan Warrants - Analyst Blog
Monday, December 14, 2009 - 11:00am | 492JPMorgan Chase (JPM) warrants held by U.S. government’s bank bailout program were sold for $936.1 million on Dec11. The Treasury Department’s second auction of warrants held by the Troubled Asset Relief Program (TARP) drew $10.75 each for 88.4 million of the securities. These warrants were...
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Stock Market News for December 11, 2009 - Market News
Friday, December 11, 2009 - 10:16am | 454US stocks rose for a second day on Wednesday as a decline in October trade deficit and signs of revival in the job market boosted confidence that an economic recovery is indeed underway. Although the Labor Department said weekly jobless claims rose more than expected, the average number of...
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Stock Market News for December 10, 2009 - Market News
Thursday, December 10, 2009 - 10:22am | 417U.S. stocks snapped a two-day losing streak as a declining dollar and analyst upgrades of 3M and Sprint Nextel helped overcome concerns about rising debt levels globally. Trading remained erratic as sentiments wavered on the Street. At the end of the session, the Dow Jones industrial average...
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Banks’ Focus Residential Construction Portfolios (BAC, RY, DB)
Wednesday, December 9, 2009 - 1:48pm | 191Barclays (NYSE: BCS) examined through the third quarter earnings transcripts for roughly 20 banks to capture their views on the residential and commercial construction markets. Banks are primarily focusing on residential construction portfolios. When commenting on the overall and residential credit...
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Deutsche Bank To Raise Expense Ratios On 7 ETFs
Tuesday, December 8, 2009 - 6:13pm | 167Deutsche Bank (NYSE: DB) said it will raise expense ratios on seven of its PowerShares ETFs to cover increased costs due to regulatory rules and restrictions. Five of the seven ETFs that will see higher expense ratios are commodities-related isssues. The other two are currency ETFs. The changes...
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UBS (UBS) Ups CTC (CTCM) Price Target by 12%
Monday, December 7, 2009 - 11:05am | 148UBS Securities (NYSE: UBS) reiterated the Buy rating on CTC Media (NASDAQ: CTCM) and raised the 12 month price target from $21 to $23.60, primarily on the revision of macro risk. UBS expects an 18% growth in the TV advertising market in Russia and the worst case scenario for CTC Media would be if...
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Credit Suisse (CS) Studies Chinese Home Appliance Sector
Monday, December 7, 2009 - 5:00am | 151Credit Suisse (NYSE: CS) is upbeat about China’s home appliance sector. In its report titled ‘David & Goliath’, CS has stated that Chinese home appliance sector is expected to gain from various subsidies offered. Share prices of firms engaged in this sector had already been performing well on...
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UBS AG (UBS) Is Positive About Swiss Economy
Monday, December 7, 2009 - 4:56am | 140According to a report published by UBS (NYSE: UBS), Swiss CPI is likely to finish this year with a figure well above Zero. November CPI reading showed 0.2% month-on-month increase, which took economists by surprise. This increase is basically due to the wearing out of low base price effect caused...
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Capital Redeployment Key Issue For General Electric (GE)
Friday, December 4, 2009 - 3:12pm | 160Deutsche Bank’s (NYSE: DB) company update on General Electric (NYSE: GE) reiterated its HOLD call, while noting that the NBC Universal (NYSE: GE) stake sale is in line with GE’s strategy. The deal with Comcast (NASDAQ: CMCSA) gives GE the right to exit in equal installments and the JV’s capacity to...
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Better Entry Point Sought For ArcSight (ARST): JMP Securities (JMP)
Friday, December 4, 2009 - 3:01pm | 206Research analysts Peter J. Bussi and Patrick Walravens of JMP Securities (NYSE: JMP) have maintained their MarketPerform rating on security management solutions provider ArcSight (NASDAQ: ARST), following an EPS announcement of $0.15. A more positive rating is being withheld till there is evidence...
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Deutsche Bank: Is November Sales False Negative Or Fail Nail?
Friday, December 4, 2009 - 1:29pm | 147Deutsche Bank AG (NYSE: DB) noted that its November Broadline Index was up 0.6%, compared to its estimate of 1.7% and consensus estimate of 2.4%. DB’s top picks were Dillard’s Inc. (NYSE: DDS), Nordstrom, Inc. (NYSE: JWN), Saks Incorporated (NYSE: SKS), J.C. Penney Company, Inc. (NYSE: JCP) and...
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UBS Retained Its Buy Rating for OSI Pharmaceuticals (OSIP)
Friday, December 4, 2009 - 1:08pm | 68UBS (NYSE: UBS) retained its Buy rating for OSI Pharmaceuticals (NASDAQ: OSIP) with a 12-month price target of $41.00. OSI is currently trading at $34.07, and the Buy recommendation was attributed to a) Positive view on Tarceva life cycle plan b) Update provided by OSI on its pipeline programs and...
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Peugeot (PEUGY) and Mitsubishi Rally After Announcing Talks To Strengthen Partnership
Thursday, December 3, 2009 - 3:09pm | 102Peugeot Citroen (ADR) (OTC: PEUGY) and Mitsubishi Motors Corp announced that they are in talks to form a strategic partnership. The discussion between Peugeot and Mitsubishi are intended to extend an alliance for developing four-wheel drives, electric cars and a joint venture in Russia. Mitsubishi...
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Dehumanising Trading Floors
Thursday, December 3, 2009 - 11:25am | 156The traditional trading floor setup is slowly giving way to more sophisticated avenues of trading. Deeper markets, larger pools of liquidity, increasing desire for trader anonymity have paved the way for the emergence of algorithmic trading platforms. These are sophisticated computer programs...