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Jim Cramer's Stop Trading: Cramer Sees Ford (F) At $17 (F, C, WFC, LYB, LMT)
Monday, October 25, 2010 - 5:22pm | 276On CNBC's "Stop Trading, Listen to Cramer!", Jim Cramer said that Citigroup Inc. (NYSE: C) will make a sharp move higher when government stops selling its shares. He added that other banks are performing poorly, but he believes that Wells Fargo & Company (NYSE: WFC) had a good quarter. Citi (C...
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Morgan Stanley At Low Of The Day (MS)
Monday, October 25, 2010 - 3:59pm | 38Morgan Stanley (NYSE: MS) is at the lows of the day, down 17 cents to $24.35. Morgan Stanley provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.
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Biogen Idec: Earnings Preview - Analyst Blog
Monday, October 25, 2010 - 3:03pm | 641Biogen Idec Inc. (BIIB) is slated to announce its third quarter results on October 26. The Zacks Consensus Estimate is $1.20, well above the year-earlier earnings of $1.09. Second Quarter Highlights Biogen Idec Inc. reported second-quarter earnings per share of $1.27, well above the Zacks...
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Goldman: QE2 Could Be $2 Trillion
Monday, October 25, 2010 - 11:47am | 181Goldman Sachs (NYSE: GS) said this morning that it thinks the eventual dollar amount on QE2 could be $2 trillion when all is said and done. Chief economist Jan Hatzius said that the Fed could do a purchase of $500 billion over a span of 6 months, or do a $100 billion a month program. In a note to...
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Survey Says ETFs Have Room To Grow
Monday, October 25, 2010 - 10:32am | 135A survey by discount broker TD Ameritrade (Nasdaq: AMTD) turns up some interesting factoids about ETFs, not the least of which is that only 15% of those surveyed even own ETFs in their portfolios. The company says just 34% have even heard of ETFs and less, 25%, have a fair understanding of what...
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Zacks' Voice of the People highlights opportunities with Goldman Sachs Group, JPMorgan Chase, Baidu.com and Amazon.com - Press Releases
Monday, October 25, 2010 - 10:30am | 837For Immediate Release Chicago, IL – October 25 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Key Leaders and Laggards Today The markets are holding flat today. Volume is on pace to be...
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Zacks Analyst Blog Highlights: Delta Air Lines, Amazon.com, Chipotle Mexican Grill, Biogen Idec and Roche Holdings - Press Releases
Monday, October 25, 2010 - 10:30am | 2141For Immediate Release Chicago, IL – October 25, 2010 – Zacks.com Analyst Blog features:Delta Air Lines (DAL), Amazon.com (AMZN), Chipotle Mexican Grill Inc. (CMG), Biogen Idec Inc. (BIIB) and Roche Holdings Ltd. (RHHBY). Get the most recent insight from Zacks Equity Research with the free Profit...
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Company News for October 25, 2010 - Corporate Summary
Monday, October 25, 2010 - 10:03am | 595• The Singapore Stock Exchange agreed to purchase its Australia-based peer, ASX, for $8.3 billion • Carlyle announced plans to buy CommScope (NYSE: CTV) for $31.50 per share • Lorillard (NYSE: LO) reported third quarter earnings of $1.81 a share, $0.17 higher than estimated, on revenues up 12.6% to...
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I'll Pat Your Back, If You Pat Mine? (C, GS)
Monday, October 25, 2010 - 8:28am | 77Shares of Citigroup Inc. (NYSE: C) are up 3% in pre-market after Goldman Sachs (NYSE: GS) added it to its Conviction Buy List. It has a $5.50 price target on shares. This is a 35% return from where shares are currently trading. Citigroup is a global financial services company that provides...
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ITG Acquires Majestic Research for $56M
Monday, October 25, 2010 - 8:07am | 97Investment Technology Group, Inc. (NYSE: ITG) today announced that it has acquired Majestic Research Corp., an independent provider of data-driven equity research for the institutional investment community. Going forward, Majestic will be known as ITG Investment Research. The purchase price for...
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Key Leaders and Laggards Today - Voice of the People
Friday, October 22, 2010 - 5:33pm | 529Zacks' Voice of the People Highlights user inthemoneystocks: "Key Leaders and Laggards Today" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Key Leaders and Laggards Today The markets are holding flat today. Volume is on pace to...
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Biogen, Roche Revise Deal - Analyst Blog
Friday, October 22, 2010 - 5:03pm | 394Biogen Idec Inc. (BIIB) and Roche Holdings Ltd. (RHHBY) recently announced that they amended their deal related to antibodies targeting CD20. The agreement covers products like Rituxan (rituximab) approved for the treatment of non-Hodgkin's lymphoma (NHL), chronic lymphoid leukemia (CLL), and...
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World's Largest Hedge Fund Cutting Jobs (GS, JPM, BAC)
Friday, October 22, 2010 - 2:16pm | 93Man Group, the world's largest hedge fund which is based in England, is set to layoff around 10% of its staff, due to the merger with GLG partners. In recent weeks, D.E. Shaw has announced layoffs at its fund, as have various layoffs from J.P. Morgan (NYSE: JPM), Goldman Sachs (NYSE: GS) and Bank...
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Company News for October 22, 2010 - Corporate Summary
Friday, October 22, 2010 - 10:00am | 644• American Express (NYSE: AXP) posted after-the-close interims of $0.90 for the third quarter, a 5 cents, on a 16.9% revenue jump to $7 billion, above Zacks estimates of $6.8 billion • Baidu.com (NASDAQ: BIDU) reported third quarter earnings of $0.46, a 4-cent beat on revenues of $337.2 million...
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Charlie Gasparino Reporting That Morgan Stanley Will Not Cut Jobs (MS)
Thursday, October 21, 2010 - 11:40am | 149Fox Business Network's Charlie Gasparino is reporting that Morgan Stanley's CEO James Gorman has vowed to not cut jobs at the bank despite a third quarter loss and a slowdown in the securities business. Gorman addressed the subject in response to a question at an employee meeting about whether the...