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Big Ben Chimes In 07-21-2010
Wednesday, July 21, 2010 - 6:41pm | 708Cusick's Corner After hearing Big Ben state that there’s “unusual uncertainty” concerning our nation’s economic outlook, market players were not really enthusiastic. Market volatility picked up after these statements -- the VIX finished up 1.71, putting more pressure on stocks. Keep an eye on the...
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Raymond James Q2 Reports (RJF)
Wednesday, July 21, 2010 - 4:09pm | 32Raymond James Financial Inc. (NYSE: RJF) reports Q2 EPS $0.48 vs consensus of $0.48. Raymond James Financial Inc. reports Q2 revenue $747 million vs consensus of $729.51 million.
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Market Waiting on Bernanke Talk 07-21-2010
Wednesday, July 21, 2010 - 3:26pm | 845Cusick’s Corner Financials are leading the way with positive results from Wells Fargo (WFC) and Morgan Stanley (MS), where both signaled that their trading and credit risks have diminished considerably. This has the market in a tight choppy range into the Midday and with the Fed Chief talking this...
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Late Market Roundup (GS, RAH, MS, APA, BP, SLM)
Wednesday, July 21, 2010 - 2:39pm | 335According to Informa Global Markets, Goldman Sachs (NYSE: GS) has announced the sale of $3 billion in debt in a two-part deal. The deal comprises of 5-year and 10-year debt. As per Informa, Morgan Stanley (NYSE: MS) has also planned to issue 5-year and 10-year bonds. According to a regulatory...
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Financial Winners, Losers: Morgan Stanley (MS)
Wednesday, July 21, 2010 - 2:29pm | 176(TheStreet) -- The biggest event in the financial headlines on Wednesday was President Obama signing into law the financial regulation reform package, not affectionately known on Wall Street as FinReg. It was fitting that Wednesday was not a big day for the Wall Street firms as President Obama made...
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Markets Gap Higher, Than Fall Back To 200 Moving Average
Wednesday, July 21, 2010 - 12:03pm | 235After a monster reversal day yesterday, the markets are hovering just slightly lower on the day. It is key to understand that markets and realize they are just like a long distance sprinter. The markets ran a huge marathon yesterday, today they need a rest day. The SPDR S&P 500 ETF (NYSE: SPY...
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Jefferies Adds Head of Business Services Investment Banking
Wednesday, July 21, 2010 - 11:45am | 112In a further expansion of its investment banking business, Jefferies (NYSE: JEF) today announced the addition of Michael S. Rintoul, who joins as a Managing Director and Head of Business Services Investment Banking. “Business Services is an industry of strategic focus for Jefferies, as clients in...
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Goldman Sachs Options Recommendations (MUR, MGM, AMZN, CAT, SUN, MMM)
Wednesday, July 21, 2010 - 11:31am | 154Goldman Sachs (NYSE: GS) released a report today outlining some potential options trades during earnings season. Here they are: 1. Buy Murphy Oil (NYSE: MUR) calls ahead of earnings 2. Buy-write MGM (NYSE: MGM) ahead of earnings. Buy the shares and sell calls to take advantage of high implied...
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A Peek Into The Market Before The Trading Starts
Wednesday, July 21, 2010 - 9:29am | 447Pre-open movers US stock futures moved up today as investor confidence got a boost from better-than-estimated profits at Morgan Stanley (NYSE: MS) and Wells Fargo & Co (NYSE: WFC). While futures on the Standard & Poor’s 500 Index added 0.4% to 1,084.5 at 8:06 a.m. in New York, those on the...
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US Stock Futures Move Up After Banks Posts Higher-Than-Expected Profits
Wednesday, July 21, 2010 - 9:13am | 192US stock futures moved up today as investor confidence got a boost from better-than-estimated profits at Morgan Stanley (NYSE: MS) and Wells Fargo & Co (NYSE: WFC). While futures on the Standard & Poor’s 500 Index added 0.4% to 1,084.5 at 8:06 a.m. in New York, those on the Dow Jones...
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Benzinga’s Top Upgrades (CTAS, GS, HPY, FRO)
Wednesday, July 21, 2010 - 9:00am | 146Cintas Corporation (NASDAQ: CTAS) was upgraded by RW Baird from "underperform" to "neutral." CTAS’ shares closed at $25.93 yesterday. Cintas’ trailing-twelve-month gross margin is 41.14%. Keefe Bruyette upgraded Goldman Sachs Group Inc (NYSE: GS) from "market perform" to "outperform." GS’ shares...
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Trading Plan for July 21, 2010
Wednesday, July 21, 2010 - 7:24am | 394Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), SCHN (44.33), NSIT (14.79) BIAS: 106% Short Economic...
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Stop Trading: Jim Cramer Finds Goldman A Good Buy
Wednesday, July 21, 2010 - 7:19am | 173In his “Stop Trading!” segment on CNBC, Jim Cramer stressed that Goldman Sachs (NYSE: GS), which reported its second-quarter earnings at $2.75 a share on Tuesday, is a buy. Jim said that the fact that GS earned $2.75 per share, when both the US government and British were targeting it, spoke...
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Stocks To Watch For July 21 (AAPL, YHOO, JNPR. EBAY, SBUX, MS, WFC, KO, UTX, LCC)
Wednesday, July 21, 2010 - 7:04am | 397Some of the stocks that may grab investor focus today are: Apple Inc (NASDAQ: AAPL) reported better-than-expected Q3 earnings due to strong rise in the demand for its iPhone and iPad devices. The company’s revenue increased 61% to $15.7 billion. AAPL’s shares jumped 3.40% to $260.45 in pre-market...
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ETFs To Watch July 21, 2010 (XLB, EWA, UCO, MTK)
Wednesday, July 21, 2010 - 5:28am | 259Here is the ETF Professor's ETF Watch List for Wednesday July 21, 2010. Play Apple's (Nasdaq: AAPL) earnings with the PowerShares QQQ (Nasdaq: QQQQ) and the SPDR Morgan Stanley Technology ETF (NYSE: MTK). Play earnings from Morgan Stanley (NYSE: MS) and Wells Fargo (NYSE: WFC) with the Financial...