Investment Banking & Brokerage

Shares of E*TRADE Financial (NASDAQ: ETFC) are higher on the session by 1.83%, trading at $14.99. Overall put volume is now running at 9.24x the daily average, with 0% of all puts traded being purchases on the offer. 14,309 contracts have traded on the session so far. E*TRADE Financial...

Intel (INTC) Intel downgraded to Reduce from Neutral at Nomura After beating, filling in the pre market to the upside. Morgan Stanley (MS) Trending nicly pre market after  Q2 beat with price probing downward sloping 50d moving averages @ 22.90/23.00; MS @ 23.00 Travelzoo Inc. (TZOO) Travelzoo...

Medco Health Solutions Inc (NYSE: MHS) shares advanced 18.64% to $66.18 in the pre-market session. MHS reported its quarterly net income at $342.8 million. Express Scripts Inc (NASDAQ: ESRX) announced its plans to acquire Medco for $71.36 per share in cash and stock, or $29.1 billion. Morgan...

This is your Benzinga news summary and traders' outlook for Thursday, July 21, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly lower as traders wait for several blue-chip companies to report...

Morgan Stanley (NYSE: MS) swung to a loss in its second quarter on Thursday. Morgan Stanley posted a quarterly loss of $558 million, or $0.38 per share, versus a profit of $1.58 billion, or $1.09 per share, in the year-ago period. Its revenue rose to $9.28 billion from $7.96 billion. Analysts were...

Deutsche Bank made a number of updates in a research report published today. Tractor Supply Co. (NASDAQ: TSCO) had its rating reiterated at Buy. At the same time, its price target was raised from $70 to $80. Johnson Controls (NYSE: JCI) had its rating reiterated at Hold...

US stock futures are lower this morning, as investors are awaiting earnings reports. Futures on the Dow Jones Industrial Average dipped 25 points to 12,482.00 and futures on the S&P 500 stock index fell 3.90 points to 1,317.40. Nasdaq 100 futures dropped 10.25 points to 2,371.50. US stocks...

Advanced Micro Devices Inc (NYSE: AMD) is expected to report its Q2 EPS at $0.08 on revenue of $1.58 billion. Pepsico Inc (NYSE: PEP) is projected to report its Q2 EPS at $1.21 on revenue of $16.41 billion. Eli Lilly and Company (NYSE: LLY) is projected to report its Q2 EPS at $1.17 on revenue...

Some of the stocks that may grab investor focus today are: Wall Street expects Pepsico Inc (NYSE: PEP) to report its Q2 EPS at $1.21 on revenue of $16.41 billion. PEP shares fell 0.07% to close at $68.49 yesterday. Intel Corp (NASDAQ: INTC) reported upbeat results for the second quarter and...

Cusick's Corner Stocks took a breather, a little profit taking after yesterday's rally. Financials led the day on news from E-Trade (ETFC) and US Bancorp (USB). The Financial Select Sector ETF (XLF) was up +1.14% to close at 15 and the option volume was almost 80% higher than the average daily...

ProShares UltraShort Silver (ETF) (NYSE: ZSL) led the decliners among the ETFs on Wednesday, with a loss of 6.04%. ZSL closed at $13.36, and it had a volume of 16.43M traded shares. VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) dropped 4.09% in the regular trading session today, and it...

ProShares Ultra Silver (ETF) (NYSE: AGQ) gained 5.59% as silver jumped above $40. AGQ closed at $215.74, and it had a volume of 2.16M traded shares. iShares MSCI Spain Index (ETF) (NYSE: EWP) jumped 3.59% on the rumors that Europe is ready to adopt further measures to stop the crisis. iShares...

The bank stocks are surging today on the back of cheap valuations. Since the beginning of 2011, most financial stocks are down dramatically, continually hitting new 52 week lows. This past week, earnings have come from all the major players. Solid earnings were reported by JPMorgan Chase & Co...

Shares of E*Trade Financial Corp. (NASDAQ: ETFC) are soaring this morning, after the company received a letter from its largest shareholder, Chicago-based Citadel LLC telling the company to call a shareholder meeting to maximize value. The hedge fund is the largest shareholder of E*Trade, owning...

InterDigital Inc (NASDAQ: IDCC) shares surged 15.02% to $61.26 at 10:24 am. The volume of IDCC shares traded was 956% higher than normal. IDCC's Board of Directors started a process to explore and evaluate potential strategic alternatives for the company. E*TRADE Financial Corporation (NASDAQ:...