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The Daily Long and Short Setup
Thursday, October 28, 2010 - 9:13am | 128Futures have risen sharply after the Jobless Claims report glowingly beat expectations (would you expect anything different prior to the mid-terms?). LONG: Goldman Sachs Group (GS) Read more...
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Investment Technology Group Reports Third Quarter EPS of $.14
Thursday, October 28, 2010 - 8:28am | 100Investment Technology Group, Inc. (NYSE: ITG) today reported results for the quarter ended September 30, 2010. Net income for the third quarter of 2010 was $6.2 million, or $0.14 per diluted share on revenues of $130.4 million. For the third quarter of 2009, net income was $17.5 million, or $0.40...
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KBW, Inc. Announces Third Quarter 2010 EPS of $.11
Thursday, October 28, 2010 - 7:35am | 164KBW, Inc. (NYSE: KBW) today announced non-GAAP operating net income of $5.3 million, or $0.15 per diluted share, for the quarter ended September 30, 2010. This compares with non-GAAP operating net income of $13.4 million, or $0.37 per diluted share, for the corresponding quarter in 2009 and non-...
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Long GS At $160.15
Wednesday, October 27, 2010 - 5:35pm | 141Two new positions today in the portfolio - the first one was Walt Disney (DIS), and the second one was Goldman Sachs (GS). The latter of which is shown for you below. Notice the clear breakout. I typically wouldn't buy a stock in financials based on the their recent weakness, but today offered some...
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Goldman Move Just A Mirage (GS)
Wednesday, October 27, 2010 - 4:00pm | 338An article on Zerohedge talks about how Michael Lewis has exposed the fraud that Goldman Sachs (NYSE: GS) has gotten rid of its proprietary trading desk, by moving it over to client services. In an article on Bloomberg Lewis wrote, "One trader I interviewed,” [Robert] Wosnitzer says, “said that...
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Company News for October 27, 2010 - Corporate Summary
Wednesday, October 27, 2010 - 3:33pm | 726• Procter & Gamble (NYSE: PG) reported fiscal first quarter earnings $0.02 better than expected at $1.02 on a 1.6% revenue gain to $20.1 billion, just below Zacks estimates of $20.2 billion. The company said it sees fiscal 2011 guidance earnings of $3.91 to $4.01 • Whirlpool (NYSE: WHR)...
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Zacks Bull and Bear of the Day Highlights: Gilead Sciences, Linear Technology, Biogen Idec, Elan and Novartis - Press Releases
Wednesday, October 27, 2010 - 3:33pm | 1784For Immediate Release Chicago, IL – October 27, 2010 – Zacks Equity Research highlights: Gilead Sciences (GILD) as the Bull of the Day and Linear Technology (LLTC) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Biogen Idec Inc. (BIIB), Elan Corp. (ELN) and...
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Is The U.S. Japan 2.0? (EWJ, UUP)
Wednesday, October 27, 2010 - 2:48pm | 213Aaron Task interviewed Stephen Roach non-executive chairman of Morgan Stanley (NYSE: MS) Asia, and Yale University professor about whether the U.S. can escape the fate that has succumbed the Japanese, a generation of deflation. The ETF for Japanese companies is iShares MSCI Japan Index ETF (NYSE:...
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Financial Stocks Shine In A Red Market
Wednesday, October 27, 2010 - 12:31pm | 199Financial stocks shine brightly as the rest of the market takes a hit today. The financial institutions are not reacting favorably to a weak Dollar policy. While a weak Dollar policy sends investors running for commodity plays and technology stocks, it seems to leave out the banks. Over the last...
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Pacific Biosciences IPO Priced At $16
Wednesday, October 27, 2010 - 9:36am | 124Pacific Biosciences of California said its initial public offering will price at $16 a share, in the middle of the expected range. The company, which will trade under the ticker "PACB" will sell 12.5 million shares today, raising $200 million in proceeds. The company is also offering underwriters...
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MF Global Acquires Washington Research Group
Tuesday, October 26, 2010 - 4:19pm | 67MF Global Holdings Ltd. (NYSE: MF) today announced that it has entered an agreement to acquire Washington Research Group, a Washington, D.C.-based, policy-focused investment research firm that provides leading institutional equity investors with insights and analysis on the impact of government...
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Financial Sector Roundup (JPM, GS, BAC, WFC, C, XLF)
Tuesday, October 26, 2010 - 3:50pm | 159The financial sector has been a tremendous drag on the overall stock market over the last few months. Can you imagine where the S&P might be trading if it weren't for the lagging financials, whose businesses are crucial to a sustainable recovery? During Tuesday's trading session, the sector is...
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Schwab Declares Regular Quarterly Dividend of 6 Cents
Tuesday, October 26, 2010 - 3:03pm | 40The Board of Directors of The Charles Schwab Corporation (NYSE: SCHW) has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable November 26, 2010 to stockholders of record November 12, 2010.
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Lazard Declares Quarterly Dividend of 12.5 Cents
Tuesday, October 26, 2010 - 8:24am | 48Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.125 per share on its outstanding Class A common stock. The dividend is payable on November 26, 2010, to stockholders of record on November 3, 2010.
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Moody's Says Goldman Could Unwind Buffett Stake and Remain Strong
Tuesday, October 26, 2010 - 8:02am | 219Goldman Sachs (NYSE: GS) has received a preliminary green light from one of the big rating agencies to unwind investor Warren Buffett's $5 billion stake in the firm, FOX Business Network has learned. Moody's (NYSE: MCO) Investors Service analyst Peter Nerby told FOX Business that “if you take $5...