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The Daily Long & Short Setup
Tuesday, July 20, 2010 - 9:25am | 122Since the trading plan was posted, the S&P continues to tinker with about 1% in losses. Goldman Sachs (GS), along with IBM (IBM) and Texas Instruments (TXN) continues to weigh the market down. As I am writing this, I just got stopped out of SCHN on a stinkin' upgrade from UBS. I could have done...
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A Peek Into The Market Before The Trading Starts
Tuesday, July 20, 2010 - 9:14am | 461Pre-open movers US stock futures fell today after results of IBM (NYSE: IBM) and Texas Instruments (NYSE: TXN) fell short of expectations. While futures on the Down Jones industrial average fell 70 points to 9990, those on the S&P 500 lost 8.3 points to 1055.5. Meanwhile, Nasdaq 100 futures...
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Goldman Sachs Revenues By Segment
Tuesday, July 20, 2010 - 8:41am | 411Goldman Sachs (NYSE: GS) Net revenues in Investment Banking were $917 million, 36% lower than the second quarter of 2009 and 23% lower than the first quarter of 2010. GS Net revenues in Financial Advisory were $472 million, 28% higher than the second quarter of 2009, primarily reflecting an...
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Goldman Sachs (GS) Revenue Down 36%, Shares Falling
Tuesday, July 20, 2010 - 8:40am | 224The Goldman Sachs Group, Inc. (NYSE: GS) announced on Tuesday morning that it easily beat consensus Wall Street earnings estimates, while missing revenue estimates. The Goldman Sachs Group, Inc. (GS) reported that its 2nd quarter earnings plummeted 83% to $453 million, or 78 cents per share, down...
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Client Activity Across All of Goldman's Business Declined
Tuesday, July 20, 2010 - 8:31am | 187Goldman Sachs (NYSE: GS) again ranked first in investment banking. Despite the $1.15 billion of additional expenses related to the U.K. bank payroll tax and the SEC settlement, book value per common share and tangible book value per common share each increased 1% during the quarter to $123.73 and $...
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Goldman Sachs Beats On Bottom Line, Misses on Top Line (GS)
Tuesday, July 20, 2010 - 8:27am | 76Goldman Sachs (NYSE: GS) reported earnings per share of $2.75/share, versus the consensus of $2.04/share, beating expectations. Revenue however missed expectations, coming in at $8.84 billion, versus the expectations of $8.99 billion. Diluted earnings per common share were $0.78, which includes...
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TD Ameritrade (AMTD) Posts Record High Revenue
Tuesday, July 20, 2010 - 8:25am | 177TD Ameritrade Holding Corporation (Nasdaq: AMTD) released financial results on Tuesday morning that beat Wall Street estimates. TD Ameritrade Holding Corporation (AMTD) reported that its fiscal 3rd quarter earnings rose 5.2% to $179.4 million, or 30 cents per share, up from $170.5 million, a year...
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Goldman Sachs Reports Mixed Results
Tuesday, July 20, 2010 - 8:09am | 27Goldman Sachs (NYSE: GS) reports Q2 EPS of $2.75, versus consensus of $2.04. Goldman's revenue was $8.84 billion, versus consensus of $8.99 billion.
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Trading Plan for July 20, 2010
Tuesday, July 20, 2010 - 7:52am | 305Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), MR (32.34), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), SCHN (44.33) BIAS: 106% Short Economic Reports...
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Stocks To Watch For July 20 (YHOO, AAPL, GS, PEP, JNJ, HOG, UNH, WHR)
Tuesday, July 20, 2010 - 7:36am | 315Some of the stocks that may grab investor focus today are: Wall Street expects Yahoo Inc (NASDAQ: YHOO) to post its Q2 EPS at $0.14 on $1.16 billion of revenue. YHOO’s shares lost 0.60% to $15.01 in after-hours trading. Analysts are expecting Apple Inc (NASDAQ: AAPL) to have earned $3.07 per share...
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Goldman Management Shakeup Expected Over Next Year - Fox Business's Gasparino
Monday, July 19, 2010 - 2:38pm | 132People close to and within Goldman Sachs Group Inc. (GS) expect a "fairly significant shakeup" in top management at the firm over the next year, Fox Business Network's Charlie Gasparino reported Monday. There has been some talk, Gasparino said, about Chief Executive Lloyd Blankfein either...
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Financial Stocks Continue To Be Under Pressure
Monday, July 19, 2010 - 2:30pm | 152Following the earnings of Bank of America Corporation (NYSE: BAC) last Friday morning, financial stocks have been under serious pressure. Bank of America continues to sell off today, down another 4% to $13.45. JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs Group, Inc. (NYSE: GS) and Wells...
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Earnings Preview: Biogen Idec - Analyst Blog
Monday, July 19, 2010 - 1:42pm | 901Biogen Idec Inc. (BIIB) is set to announce its second quarter 2010 results on Tuesday, July 20, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter is $1.08 per share (with a downside of 0.93%), compared to the 73 cents per share earned in the year-earlier period....
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Stock Market News for July 19, 2010 - Market News
Monday, July 19, 2010 - 9:46am | 497Consumers’ growing pessimism about the economic recovery shook investors’ confidence on Friday, sending major averages off at least 2%, even as some companies reported better-than-anticipated quarterly numbers. Financials led on the downside after some big names from the sector posted weaker-than-...
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Company News for July 19, 2010 - Corporate Summary
Monday, July 19, 2010 - 9:46am | 243• Halliburton (NYSE:HAL) reported better-than-expected earnings and revenues as earnings of 52 cents beat Zacks estimates of 37 cents a share, and revenues of $4.4 billion reflected 25.6% YoY improvement and were ahead of Zacks estimates of $4.1 billion • Hasbro (NYSE:HAS) posted estimate-topping...