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Goldman (GS) Views Sequential Growth In Beverages (GS, WMT, HANS, PEP, CCE)
Thursday, July 15, 2010 - 2:45pm | 149Preferring the non-Alcoholic beverage firms, Goldman Sachs Group, Inc. (NYSE: GS), views potential for upward revision in 2Q10 in earnings, with emerging markets showing solid growth, low expectations and modest top line investments driving share prices. Aggressive promotional activity saw a shift...
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Goldman, TPG Acquire Ontex For $1.53 Billion
Thursday, July 15, 2010 - 2:02pm | 134US buyout firm TPG and a private equity arm of Goldman Sachs (NYSE: GS) today agreed to acquire diaper-maker Ontex from rival Candover in a deal worth 1.2 billion euros ($1.53 billion). With the deal value just ahead of KKR's £955 million ($1.47 billion) deal for Pets at Home, the Ontex acquisition...
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Goldman Sachs Moving Higher, Could Signal Afternoon Rally (GS)
Thursday, July 15, 2010 - 1:14pm | 100Shares of Goldman Sachs Group (NYSE: GS) are 0.60% higher on the day at $139.88. The stock opened higher, was dragged down into negative territory in the first hour of trading, and has been moving up steadily since then. Many traders have been watching Goldman (GS) closely in trying to determine...
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Are Bulls in Charge or the Government Mules?
Thursday, July 15, 2010 - 12:43pm | 90Today there was a strong, robust rally at the end of the session after last-minute rumors that Goldman Sachs (GS) reached a settlement with the Securities and Exchange Commission (SEC). This awakened the bulls, and stocks pared most of their losses by the close.Some body or some bodies didn't want...
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Part Two: 40 Short Setups with Stop-Losses
Thursday, July 15, 2010 - 12:21pm | 211If you missed Part One, you can find it here. Otherwise, below is Part two, the final 40 stocks that are on my Short Watch-List. Here are the requirements for inclusion on this list: 1) Price and volume pattern is intriguing 2) Stock has been heavily sold-off in the recent days or weeks, but...
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PART ONE: 40 Short Setups w/Stop-Losses
Thursday, July 15, 2010 - 12:11pm | 208Down to 80 stocks that I am following on my short watch-list, which is quite a bit smaller then in week's past. Which means, I'm only breaking up the watch list into two posts instead of three like I had been doing. Here are the requirements for inclusion on this list: 1) Price and volume pattern...
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Jamie Dimon Shows His Worries Regarding The Impact Of New Financial Regulations On Banks
Thursday, July 15, 2010 - 10:28am | 327In an interview with Eric Dash of The New York Times, Jamie Dimon says that he is neither the modern-day John Pierpont Morgan nor he is the new king of Wall Street. He stresses that he is most certainly not a BBF (best banker friend) of President Obama. Mr. Dimon claimed that he does not want to...
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Company News for July 15, 2010 - Corporate Summary
Thursday, July 15, 2010 - 9:34am | 239• JP Morgan (NYSE:JPM) posted second quarter EPS of $1.09 which was above Zacks estimates of 71 cents. Revenues were $25.6 billion, down 7.6% from the year-ago period, compared with Zacks estimates of $25.5 billion • Novartis (NYSE:NVS) reported second quarter EPS of $1.06 which was below Zacks...
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Retail ETFs (PMR, XRT, RTH)
Tuesday, July 13, 2010 - 5:25pm | 173Chain store sales rose 3.2% last week compared to the prior year, according to the International Council of Shopping Centers and Goldman Sachs (NYSE: GS). Sales rose for the week ending July 10 vs. the comparable week in 2009, although sales fell 1.5% week-over-week within this July. The ICSC is...
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Company News for July 13, 2010 - Corporate Summary
Tuesday, July 13, 2010 - 12:41pm | 292• FundFinder Networks, owner of Penthouse, said an offer for Playboy (NYSE:PLA) is imminent. Yesterday, Playboy shares surged 41% on news that Hugh Hefner is planning to offer $5.50 per share for stock he does not already own • Walmart (NYSE:WMT) shares were up 1.4% on Monday, following Barron's...
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Top 4 NYSE Stocks In The Finance Industry With The Highest Cash (DB, BCS, UBS, GS)
Tuesday, July 13, 2010 - 5:53am | 124Below are the top finance stocks on the NYSE in terms of cash. Deutsche Bank AG (NYSE: DB) had $1.35 trillion in total cash for the latest quarter. Meanwhile, DB’s total debt amounted to $451.41 billion. Barclays PLC (NYSE: BCS) had $1.24 trillion in total cash and $652.05 billion in total debt for...
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Dick Bove Believes Goldman Sachs has Bottomed (GS, C)
Monday, July 12, 2010 - 5:27pm | 242In a recent interview with Fox Business Network’s Nicole Petallides, Rochdale Securities analyst, Dick Bove, expressed his view that Goldman Sachs (NYSE: GS) “has hit the bottom.” Conversely, he also said that the company has “a long haul to get earnings back to where they were.” Mr. Bove said, “...
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Is There Too Much Riding On The SPDR Gold ETF? (NYSE:GLD)
Monday, July 12, 2010 - 1:26pm | 327“Most interesting post today from Izabella Kaminska at the Financial Times’s Alphaville, who follows up on the FT’s Friday report on John Paulson’s Paulson & Co. investment in shares of gold(...)Read the rest of Is There Too Much Riding On The SPDR Gold ETF? (NYSE: GLD) Copyright 2010...
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Company News for July 12, 2010 - Corporate Summary
Monday, July 12, 2010 - 9:36am | 194• BP (NYSE:BP) is reportedly in talks to sell up to $12 billion in assets • Weyerhaeuser (NYSE:WY) declared a special $5.6 billion dividend, tied to its REIT conversion • AON (NYSE:AON) plans to purchase Hewitt (NYSE:HEW) for $4.9 billion, or $50.00 per share in cash • Goldman Sachs (NYSE:GS) added...
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Benzinga’s Top Downgrades (MAR, COWN, NOC, GPC)
Monday, July 12, 2010 - 7:24am | 121Marriott (NYSE: MAR) was downgraded by Wells Fargo from “outperform” to “market perform.” Marriott’s earnings may tumble 200.25% this year. Keefe Bruyette downgraded Cowen Group (NASDAQ: COWN) from “outperform” to “market perform.” COWN’s earnings may slip 625.18% this year. Goldman downgraded...