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Big Banks Look More Like Utilities Every Day
Friday, August 27, 2010 - 9:59am | 377(TheStreet) -- Not that long ago, big banks were said to be run like "casinos," but the comparison is losing steam. Regulatory crackdowns are making financial firms look more like heavily-regulated utilities every day. The government has done a sharp 180-degree turn from lax regulatory practices of...
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GDP Next Big Number to Watch 08-26-2010
Thursday, August 26, 2010 - 6:59pm | 751Cusick's Corner Stocks did open higher today because the jobless report was not as bad as expected, but the market then ran into resistance and later stalled. The S&Ps settled below the technical and psychological support level of 1050 which could signal more volatility on the horizon. GDP is...
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Huntington Reiterated at Neutral - Analyst Blog
Thursday, August 26, 2010 - 3:40pm | 850We are reiterating our Neutral recommendation on Huntington Bancshares Inc. (HBAN) following the company’s earnings release. The reaffirmation is based on the company’s business model, strategic initiatives, credit environment, opportunities and challenges. Second Quarter Performance ...
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Company News for August 26, 2010 - Corporate Summary
Thursday, August 26, 2010 - 3:09pm | 825• Apple (NASDAQ: AAPL) shares gained 1.2% on reports that the company is expected to introduce iPods with cameras and/or TV capability • Google (NASDAQ: GOOG) announced that it will add phone calling feature to its Gmail email service, offering competition to Skype • Goldman Sachs (NYSE: GS)...
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Financials Breaking Down (XLF, GS, JPM, BAC)
Thursday, August 26, 2010 - 3:00pm | 113Financial stocks have been breaking down throughout the day and are now pushing to new lows on the session. Look for these names to lead the market lower. The Financial Select Sector SPDR (NYSE: XLF) has lost 0.96% to $13.42. The widely traded ETF was in positive territory during morning trading....
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Reverse Head & Shoulders Pattern 08-26-2010
Thursday, August 26, 2010 - 2:55pm | 808Cusick’s Corner The day started with an opening pullback and now it’s a slow grind. The market is trading around the technical and psychological support level of 1050 on the S&Ps, plus there’s a notable bullish technical pattern, a reverse head and shoulders looking to form in the ETF SPY. Now...
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Zacks Analyst Blog Highlights: American International Group, Morgan Stanley, Bank of America, JPMorgan Chase and Wells Fargo - Press Releases
Thursday, August 26, 2010 - 8:04am | 1160For Immediate Release Chicago, IL – August 26, 2010 – Zacks.com Analyst Blog features: American International Group (AIG), Morgan Stanley (MS), Bank of America (BAC), JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC ). Here are highlights from Wednesday’s Analyst Blog: Could Investors Shake...
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Benzinga’s Top Downgrades (ASX, SCHW, MDT, KONG)
Thursday, August 26, 2010 - 7:47am | 158Advanced Semiconductor Engineering (NYSE: ASX) was downgraded by Deutsche Bank from “buy” to “hold.” ASX’s shares closed at $3.68 yesterday. Advanced Semiconductor Engineering’s earnings are likely to fall by 10.00% in the next year. Morgan Stanley downgraded The Charles Schwab Corporation (NYSE:...
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Oppenheimer Likes Incyte, Sees 40% Upside (INCY)
Thursday, August 26, 2010 - 7:45am | 178Oppenheimer is reiterating its Outperform rating on Incyte Corporation (NASDAQ: INCY), with a $17 price target 12-18 months out. In a note to clients, Oppenheimer writes, "We are reviewing the competitive landscape in myelofibrosis (MF), the lead indication for Incyte's INCB18424, given recent...
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Benzinga’s Top Downgrades (NS, OXPS, DUK, OPEN)
Tuesday, August 24, 2010 - 7:55am | 150NuStar Energy LP (NYSE: NS) was downgraded by Goldman Sachs from “neutral” to “sell.” NS’ shares closed at $57.98 yesterday. NuStar Energy’s earnings are likely to fall by 17.67% this year. Macquarie Capital Markets downgraded OptionsXpress Holdings Inc (NASDAQ: OXPS) from "neutral" to "...
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Benzinga’s Top Upgrades (BPL, BIP, ISLE, TRAD)
Tuesday, August 24, 2010 - 7:38am | 155Buckeye Partners LP (NYSE: BPL) was upgraded by Goldman Sachs from "sell" to "neutral." BPL’s shares closed at $63.46 yesterday. Buckeye Partners’ quarterly earnings surged 167.92% y/y. RBC Capital Markets upgraded Brookfield Infrastructure Partners LP (NYSE: BIP) from "sector perform" to "...
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Macquarie Downgrades OXPS To Underperform
Tuesday, August 24, 2010 - 7:02am | 52Analysts at Macquarie Capital Markets downgrade optionsXpress Holdings Inc (NASDAQ: OXPS) from "neutral" to "underperform." The target price for OXPS has been reduced from $16 to $13. OXPS’ shares fell 1.99% to close at $15.23 yesterday. More Analyst Ratings here
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Bearish Pattern In Saks (SKS)
Monday, August 23, 2010 - 11:31am | 248A report released recently by Goldman Sachs (NYSE: GS) reveals that high-end retail name Saks (NYSE: SKS) has been targeted by short-selling hedge funds. The stock has made a series of lower lows going back to May of this year. During this time, SKS has made four lower lows in succession. SKS also...
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Choice Hotels Offers Senior Notes - Analyst Blog
Monday, August 23, 2010 - 8:21am | 715Choice Hotels International Inc (CHH), a hotel franchisor worldwide, announced its offer of $250 million senior notes, which have an interest rate of 5.7% and will mature in 10 years. The offering is expected to close by August 25, 2010. Silver Spring, Maryland based company plans to use the sale...
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Top 4 Stocks In The Investment Brokerage-Regional Industry With The Highest Dividend Yield (AI, SWS, GFIG, GHL)
Monday, August 23, 2010 - 4:42am | 126Below are the top investment brokerage-regional stocks on the NYSE and the NASDAQ in terms of dividend yield. Arlington Asset Investment Corp (NYSE: AI) has a dividend yield of 7.00%. AI’s shares closed at $19.91 on Friday. WS Group Inc (NYSE: SWS) has a dividend yield of 5.00%. SWS’ shares closed...