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10 Stocks Selling at the Deepest Discounts
Wednesday, September 1, 2010 - 6:55am | 512BOSTON (TheStreet) -- U.S. stocks slid last month, with the S&P 500 falling 4.7% as investors loaded up on fixed-income securities. Here are 10 stocks struggling despite cheap price-to-earnings ratios. When stocks rebound, these stocks may fare best. The companies are ordered by forward...
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Northern Trust Gets Beijing License - Analyst Blog
Tuesday, August 31, 2010 - 7:15pm | 688Northern Trust Corporation (NTRS) has been granted license for its Beijing Branch Office by the China Banking Regulatory Commission (CBRC). This represents an important step in the company’s expansion plans. Northern Trust’s new license would permit it to provide client services directly from...
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Deere to Sell Wind Energy Business - Analyst Blog
Tuesday, August 31, 2010 - 6:33pm | 658Deere & Co. (DE) announced that it will sell its wind energy business, John Deere Renewables, LLC, to Exelon Corp.’s (EXC) wholly owned subsidiary, Exelon Generation Company. The deal, valued at $900 million, includes a provision for $40 million upon commencement of construction of the advanced...
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Financial Stocks Find Traction
Tuesday, August 31, 2010 - 12:32pm | 165The financial stocks like Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC) are getting a bid today and helping the markets stay positive. These financial stocks are a major key to the whether or not the market can stay up and not...
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Goldman Swims Downstream for PetroAlgae IPO
Tuesday, August 31, 2010 - 12:28pm | 182No client is too small for Goldman Sachs Group Inc (NYSE: GS) these days, even a company with no revenue that's owned by a hedge fund specializing in penny stocks. In a move that surprised some observers, Goldman earlier this month emerged as the co-lead manager on an initial public offering for...
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Zacks Analyst Blog Highlights: Barclays, American International Group, Morgan Stanley, Bank of America and Citigroup - Press Releases
Tuesday, August 31, 2010 - 9:03am | 1506For Immediate Release Chicago, IL – August 31, 2010 – Zacks.com Analyst Blog features: Barclays (BCS), American International Group (AIG), Morgan Stanley (MS), Bank of America (BAC ) and Citigroup (C). Here are highlights from Monday’s Analyst Blog: Another Recession Ahead? Are we heading into...
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Financial Stocks Continue to Struggle - Voice of the People
Tuesday, August 31, 2010 - 6:21am | 716Zacks' Voice of the People Highlights user inthemoneystocks: "Financial Stocks Continue to Struggle" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Financial Stocks Continue to Struggle This morning the large major financial...
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Schwab Will Acuire ETF Manager Windward For $150M
Tuesday, August 31, 2010 - 12:15am | 127Charles Schwab (NYSE: SCHW), the largest U.S. discount brokerage, said it will acquire Windward Investment Management for $150 million in cash and stock to bolster its footprint in the ETF business. Windward Investment Management had about $3.9 billion in assets under management as of the end of...
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Welcome To the (Tech) Jungle: Cisco’s Reaching Up to Skype?
Monday, August 30, 2010 - 9:17pm | 1670By Dian L. Chu, Economic Forecasts & Opinions Merger mania is definitely back in the Tech sector. HP (HPQ) and Dell (DELL) are still seriously locking horns over 3PAR (as of this writing.) Intel’s (INTC) acquiring Infineon’s wireless business for about $1.4 billion in cash, less than two...
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Comerica Reaffirmed at Neutral - Analyst Blog
Monday, August 30, 2010 - 6:21pm | 824We have reaffirmed our Neutral recommendation on the shares of Comerica Inc. (CMA) following the company’s earnings release, quarterly filing and the regulatory moves. The reaffirmation is based on the company’s fundamentals, growth opportunities, credit environment and challenges in a post...
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Jim Cramer Bailing On Goldman Sachs; Says Brand Is Tarnished (GS)
Monday, August 30, 2010 - 5:43pm | 242Jim Cramer posted an article on RealMoney, which is a part of theStreet.com (NASDAQ: TSCM), this afternoon entitled "Goldman's Looking Tarnished." This seems important. First, Cramer has previously been a believer in the stock and is also a former employee of Goldman Sachs (NYSE: GS). It was...
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Stifel Financial Director Sells 11,000 Shares of SF
Monday, August 30, 2010 - 4:15pm | 57In a Form 4 filed after the bell today, Stifel Financial Corp. (NYSE: SF) Director, James M. Oates, reported that he sold 11,000 shares of SF on August 27th for an average price of $45.54. The transaction totaled $500,940. Mr. Oates owns 56,678 direct shares and 684 indirect shares of SF. Source:...
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Incyte Evenly Poised - Analyst Blog
Monday, August 30, 2010 - 1:03pm | 617We are maintaining our Neutral recommendation on Incyte Corporation (INCY) with a target price of $13. Incyte is a Wilmington, Delaware based drug discovery and development company with a focus on oral compounds to treat HIV, inflammation, cancer and diabetes. The company has transformed...
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Financial Stocks Continue To Struggle
Monday, August 30, 2010 - 10:56am | 368This morning the large major financial institutions continue to struggle. Recently all the financial stocks have traded down towards or at new lows for the year and today the weakness remains. Stocks such as Bank of America Corp (NYSE: BAC), J.P. Morgan Chase & Co (NYSE: JPM), and Wells Fargo...
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Afternoon Market Update
Friday, August 27, 2010 - 12:22pm | 160The US financial sector moved up following the Commerce Department’s report indicating better-than-expected data on Gross Domestic Product (GDP) in Q2. However, the shares of Goldman Sachs Group Inc (NYSE: GS) lost about 1.5%. The Financial Select Sector SPDR Fund (XLF) rose about 1.41%. Shares of...