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Goldman Flying High After Strong Earnings Reports (GS)
Tuesday, October 19, 2010 - 2:01pm | 76Goldman Sachs Group, Inc. (NYSE: GS) continues to be a bright spot in this extremely weak market, as the legendary investment bank reported much stronger than expected earnings before the bell this morning. At last check, shares of Goldman Sachs were up $3.83 to $157.53, a gain of 2.5%. The Goldman...
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Financial Sector Up Despite A Decline On Wall Street, Capital One Financial And Zions Bancorp Among Top Gainers (BAC, GS, COF, ZION, BKCC)
Tuesday, October 19, 2010 - 1:13pm | 400US financial stocks moved up slightly, after several banks posted their latest quarter earnings. Most of the sectors on the Wall Street are in the red, with the Dow losing 0.79%, the broader Standard & Poor's 500 index moving down 0.69% and the NASDAQ composite index declining about 0.84%. The...
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Goldman Sachs Tops Estimates - Analyst Blog
Tuesday, October 19, 2010 - 10:39am | 883The Goldman Sachs Group Inc.'s (GS) third quarter 2010 earnings per share of $2.98 were significantly ahead of the Zacks Consensus Estimate of $2.29. Goldman's impressive results reflected strong performance in Investment Banking and lowered operating expenses. Though economic conditions were...
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XLF At The Highs Of The Day (XLF)
Tuesday, October 19, 2010 - 10:34am | 149The Financial Select Sector SPDR ETF (NYSE: XLF) is at the highs of the day, and this could be an indication that financials are rallying and that the selloff we're seeing today, may be in fact a one off event. Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS) both reported better than...
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News Summary
Tuesday, October 19, 2010 - 9:45am | 165Goldman Sachs Group Inc (NYSE: GS) reported its Q3 net income at $2.98 per share, down from $5.25 per share, in the year-ago quarter. However, analysts were expecting quarterly profit at $2.32 per share. GS shares are up about 1.3%. According to the Commerce Department, new construction of US...
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Goldman Sachs Up In Pre-Market Trading (GS)
Tuesday, October 19, 2010 - 9:31am | 68Shares of Goldman Sachs Group, Inc. (NYSE: GS) are up $1.20 to $154.90 in pre-market trading, after the company reported much better than expected earnings this morning. Goldman Sachs reported earnings of $2.98 per share, versus the $2.32 Wall Street was expecting. Revenues were also much...
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Stock Market News for October 19, 2010 - Market News
Tuesday, October 19, 2010 - 9:30am | 1159Citigroup's upbeat earnings report and better-than-expected news from the homebuilding front sent markets higher on Monday. Citigroup's earnings helped push financials up more than 2%. The Dow Jones industrial average added 81 points, or 0.7%, to 11143.69. The tech-heavy Nasdaq Composite index...
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Company News for October 19, 2010 - Corporate Summary
Tuesday, October 19, 2010 - 9:30am | 654• Johnson & Johnson (NYSE: JNJ) reported earnings of $1.23, versus Zacks estimates of $1.15, as revenues dropped 0.7% to $14.98 and missed estimates of $15.22 billion • Lockheed Martin (NYSE: LMT) posted third quarter results of $1.55, versus Zacks estimates of $1.58, on revenues that advanced...
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Dick Bove Says Buy Goldman (GS)
Tuesday, October 19, 2010 - 9:20am | 60Dick Bove said to buy shares of Goldman Sachs Group, Inc. (NYSE: GS) at the start of trading today. Bove is infamous for some his calls, such as calling Citigroup (NYSE: C) "the buy of a lifetime" at $22. Shares currently trade in the $4 range.
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Goldman Sachs Reports Third Quarter EPS of $2.98
Tuesday, October 19, 2010 - 8:04am | 108The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $8.90 billion and net earnings of $1.90 billion for its third quarter ended September 30, 2010. Diluted earnings per common share were $2.98 compared with $5.25 for the third quarter of 2009 and $0.78 (1) for the second quarter...
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US Stock Futures Mixed As Apple Issued Conservative Quarterly Guidance, Earnings In Focus
Tuesday, October 19, 2010 - 7:13am | 315US stock futures were mixed, after Apple Inc (NASDAQ: AAPL) issued conservative projections for the present quarter. Investors are also awaiting another heavy round of earnings today. Futures on the Dow Jones Industrial Average were up 16 points to 11,061, while S&P 500 futures moved down 2.50...
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Trading Plan for October 19, 2010
Tuesday, October 19, 2010 - 7:08am | 420Current Long Positions (stop-losses in parentheses): TICC (9.62), BRKR (14.75), ITW (48.89), QQQQ (50.62), TIE (19.73), PAG (13.62), DTV (41.99), ACI (25.54), EOG (97.52), ANN (21.06), ESRX (46.42), AAPL (284.00) Current Short Positions (stop-losses in parentheses): None BIAS: 91% Long Economic...
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Mad Money Lightning Round: Cramer Advises Investors To Hold Chesapeake Energy (GS, ENDP, AVP, CHK)
Tuesday, October 19, 2010 - 6:00am | 150On CNBC's Mad Money, Jim Cramer said during the Lightning Round that according to him, Goldman Sachs (NYSE: GS) is too cheap, adding, “It is going to make a lot of money and I think the analysts are too negative." Jim said that Endo Pharmaceuticals (NASDAQ: ENDP) has really made a “tremendous...
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Earnings Scheduled For October 19 (GS, BAC, KO, YHOO, UNH, JNPR, SLM, NYT, HOG, JNJ, ITW, EMC, LMT, GILD, BK, MICC, STT, WDC, BSX, MNI, OXY, BTU)
Tuesday, October 19, 2010 - 4:46am | 550Goldman Sachs (NYSE: GS) is likely to report its Q3 earnings at $2.28 per share on $8.08 billion in revenue. Bank of America Corp (NYSE: BAC) may report its Q3 EPS at $0.17 on $27.15 billion in revenue. Coca-Cola Co (NYSE: KO) is expected to report its Q3 earnings at $0.89 per share on revenue of...
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Stocks To Watch For October 19 (AAPL, GS, IBM, YHOO, VMW)
Tuesday, October 19, 2010 - 4:14am | 244Some of the stocks that may grab the investor focus today are: After yesterday's closing bell, Apple Inc (NASDAQ: AAPL) reported its FQ4 net income at $4.64 per share, up from $2.77 per share, in the year-ago quarter. The company's revenue surged 67% y/y to $20.34 billion. AAPL shares lost 6.13% to...