-
Piper Jaffray Reiterates Underweight on Investment Tech Group (ITG)
Monday, August 2, 2010 - 10:37am | 172Piper Jaffray is out with a research report this morning, where it reiterates its Underweight rating on Investment Tech Group (NYSE: ITG); it has a $15.00 price target on the stock. The PJ analysts said that the company’s most recent earnings report was primarily in-line to short as compared with...
-
Company News for August 2, 2010 - Corporate Summary
Monday, August 2, 2010 - 10:22am | 735• Humana (NYSE: HUM) posted second quarter earnings of $2.00, versus Zacks estimates of $1.63, on revenues of $8.65 billion, versus Zacks estimates of $8.58 billion. The company provided full-year guidance of $5.65-$5.75 • NRG Energy (NYSE: NRG) topped estimates with second quarter earnings of 81...
-
Steve Cortes Is Bullish On GS, MS, JEF
Friday, July 30, 2010 - 3:30pm | 180Steve Cortes said on CNBC's Fast Money that he is bullish on Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Jefferies Group, Inc. (NYSE: JEF) and other stocks in the space. Goldman Sachs (GS) performed well this week, and it gained more than 3%. He believes that Goldman (GS) will outperform S...
-
China Overtakes Japan as No.2 Economy
Friday, July 30, 2010 - 12:50pm | 136China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1...
-
Cantor Fitzgerald Reiterating Buy On KBW (KBW)
Friday, July 30, 2010 - 11:36am | 176Cantor Fitzgerald is reiterating its Buy rating on shares of KBW (NYSE: KBW) but lowering its price target to $30 from $35 after the bank missed estimates due to lower Principal Transactions revenue. In the report, Cantor Fitzgerald writes, "KBW reported 2Q:10 EPS of $0.22, versus consensus of $0....
-
Company News for July 30, 2010 - Corporate Summary
Friday, July 30, 2010 - 9:45am | 353• Google (NASDAQ: GOOG) retracted from its last night's claims that its search engine was completely blocked in China, saying, "Because of the way we measure accessibility in China, it's possible that our machines could overestimate the level of blockage... It appears now that users in China are...
-
UK Order Nix Drags Raytheon - Analyst Blog
Thursday, July 29, 2010 - 4:55pm | 795Before markets opened today, Raytheon Company (RTN), digesting the aftershocks of the recent cancellation of its U.K. e-Borders contract, reported earnings per share from continuing operations of 56 cents, less than half the year-ago quarterly earnings of $1.24. The Zacks Consensus estimate was $1....
-
Financials Among Today's Leaders (XLF, GS, BAC, C)
Thursday, July 29, 2010 - 3:34pm | 82Among the best performing sectors in today's trading session has been Financials. The Financial Select Sector SPDR ETF (NYSE: XLF) has gained 0.75% to $14.78. Volume has been noticeably light, however. Goldman Sachs (NYSE: GS) has gained 3.55% to $152.42. Year-to-date, however, the shares have...
-
Goldman Sachs Bans Profanity in its E-Mails (GS)
Thursday, July 29, 2010 - 11:11am | 133The Wall Street Journal is reporting this morning that Goldman Sachs Group (NYSE: GS) has told its employees that profanity will no longer be allowed in any company electronic messages, IMs, etc. This ban is all encompassing, including the company’s 34,000 traders, investment bankers, and other GS...
-
BP May Sell Venezuela Assets To Russian Venture
Thursday, July 29, 2010 - 6:30am | 172BP (NYSE: BP), Europe's largest oil company by production volume, may sell its interest in three Venezuela oil projects to the company's TNK-BP Holding, BP's Russian venture. TNK-BP is the destination for BP CEO Tony Hayward come October 1. Hayward will be replaced by Robert Dudley, the former head...
-
Waters Matches Estimates Again - Analyst Blog
Wednesday, July 28, 2010 - 6:03pm | 702Waters Corp. (WAT) released its second quarter earnings today, before the market opened, which again matched the Zacks Consensus Estimate. The company reported earnings per share from continuing operations of 90 cents, an increase of 25% from 72 cents in the second quarter of 2009. Revenue On the...
-
Why BP Is Not Toyota (BP, TM)
Wednesday, July 28, 2010 - 3:43pm | 209NEW YORK (TheStreet) -- One thing has become especially clear watching the BP (NYSE: BP) saga over the last two-and-a-half months: BP isn't Toyota (NYSE: TM). The British oil giant is far removed from the consumer in its dirty business of exploring, accessing and selling oil, and its public...
-
Why BP Is Not Toyota (BP, GS, TM)
Wednesday, July 28, 2010 - 11:19am | 207(TheStreet) -- One thing has become especially clear watching the BP(NYSE: BP) saga over the last two-and-a-half months: BP isn't Toyota. The British oil giant is far removed from the consumer in its dirty business of exploring, accessing and selling oil, and its public perception has relatively...
-
News Summary (AAPL, SLM, GS)
Wednesday, July 28, 2010 - 10:39am | 226HTC has announced that it will soon introduce four smartphone models under its own name in China. The company aims to establish its brand in the world’s largest mobile market. Analysts feel that HTC is the prime beneficiary of the sluggish approach showed by Apple (NASDAQ: AAPL) in launching its...
-
The Daily Propaganda Is Just Getting Painful
Wednesday, July 28, 2010 - 9:31am | 760Courtesy of Tyler Durden Bloomberg headline: "Capital Goods Orders in U.S. Climb, Signaling Investment Pickup" Goldman Sachs: "Durable Goods Orders - Weaker than Expected" Someone should explain to these people that propaganda is far more effective when everyone on the wrong team knows they have to...