-
A Peek Into The Market At The Start Of The Trading Day
Tuesday, July 6, 2010 - 9:53am | 457Pre-open movers US stock futures are pointing to a higher open today, as markets open after a long holiday weekend. While futures on the Dow Jones Industrial Average surged 102 points to 9698 two hours before the start of trading, those on the S&P 500 added 12.2 points to 1026.5. Meanwhile,...
-
Company News for July 6, 2010 - Corporate Summary
Tuesday, July 6, 2010 - 9:36am | 177• According to a senior UAE source, BP (NYSE:BP) is in talks with a number of Middle East and Asian sovereign wealth funds for support as the company tries to stave off takeover bids • JP Morgan (NYSE:JPM) raised its rating on Goldman Sachs (NYSE:GS) from "neutral" to "overweight," and lowered the...
-
Merger Arbitrage Mondays – July 05, 2010
Monday, July 5, 2010 - 4:27am | 4752The activity on the Merger and Acquisition front increased again last week with three new deals being announced and four deals closing. The new deals announced include the acquisition of Wainwright Bank & Trust Company (WAIN) by Eastern Bank for $19 per share in cash, the acquisition of Abraxis...
-
Stock Market News for July 2, 2010 - Market News
Friday, July 2, 2010 - 10:10am | 528Tepid economic data sent stocks lower on the first day of a new quarter even as investors kept their cards close to their chests before Friday’s all-important June payrolls report. However, stocks managed to pare deeper losses even as fears that the economy was slowly slipping back into recession...
-
Late Market Roundup (CAL, LCC, FIS, MS, DDAIF.PK)
Thursday, July 1, 2010 - 3:27pm | 301Despite a rise in jobless claims, US airline stocks moved up today. The crude’s benchmark price dipped below $75 a barrel. The NYSE Arca Airline Index (XAL) gained 1%. The benchmark Standard & Poor's 500 Index was nearly flat at 1,030.71 points. The top gainers among the airline stocks were US...
-
Goldman Leads The Charge
Thursday, July 1, 2010 - 1:21pm | 290In an attempt to recapture the sharp losses on the day, Goldman Sachs Group, Inc. (NYSE: GS) ripped higher, charging to the positive side. All day it has been interesting to watch this stock. Known as a market leader and leading indicator, it was never down that much while other financial stocks...
-
What's Hot On TheStreet (GS)
Thursday, July 1, 2010 - 12:21pm | 309Here's what Benzinga's reading over on our friend, TheStreet. What's Hot On TheStreet Penny-Stock Pumpers: Today's Outrage If you can't trust people who anonymously post stock trades on Twitter, whom can you trust? Twitter is certainly the Web destination for fans looking to discuss Justin Bieber's...
-
Nonfarm Payroll Numbers Could Be Affected by Dismal ADP Report
Thursday, July 1, 2010 - 11:15am | 1322Wall Street economists were already predicting a horrible number when the June jobs report is released on Friday at 8:30 a.m. ET, but the evidence is quickly pushing experts to reevaluate their predictions for a more demoralizing figure. The number is widely expected to be a negative; however, some...
-
Nonfarm Payroll Numbers Could Be Affected by Dismal ADP Report
Thursday, July 1, 2010 - 11:15am | 1290Wall Street economists were already predicting a horrible number when the June jobs report is released on Friday at 8:30 a.m. ET, but the evidence is quickly pushing experts to reevaluate their predictions for a more demoralizing figure. The number is widely expected to be a negative; however, some...
-
Company News for July 1, 2010 - Corporate Summary
Thursday, July 1, 2010 - 10:27am | 186• Yahoo (NASDAQ: YHOO) said its board authorized a new $3 billion share buyback program for the next three years • Wedbush initiated coverage of Pegasystems (NASDAQ: PEGA) with an "outperform" rating and a $40 price target • S&P lifted its rating on Tupperware Brands (NYSE: TUP) to BBB-, with a...
-
Frank Barron Joins Morgan Stanley As Chief Legal Officer
Thursday, July 1, 2010 - 9:11am | 113Morgan Stanley (NYSE: MS) announced today that Francis P. Barron, 59, a partner at Cravath, Swaine & Moore LLP, will join the Firm as Chief Legal Officer, succeeding Gary G. Lynch who will remain a Vice Chairman for Morgan Stanley based in London. Mr. Barron will report to President and CEO...
-
Part Two: 38 Short Setups with Stop-Losses
Wednesday, June 30, 2010 - 8:34pm | 321Now for Part Two of my watch-list for short-setups. If you missed the the first one, you can find it by clicking here. Same rules apply as before, be aware that all new additions on the list are highlighted in yellow. Overall, today was a good day for the portfolio - up a little over 1%, the...
-
Fast Money Picks For July 1st (ITUB, GS, C, DD)
Wednesday, June 30, 2010 - 7:09pm | 160On CNBC's Fast Money, Tim Seymour said that he wants to buy Itau Unibanco Banco Holding SA (ADR) (NYSE: ITUB) on Thursday. Itau Unibanco Banco Holding SA (ITUB) fell 1.10% and closed at $18.01. Joe Terranova wants to buy call options in Goldman Sachs Group, Inc. (NYSE: GS). You can buy the July 135...
-
Sanofi to Acquire TargaGen - Analyst Blog
Wednesday, June 30, 2010 - 4:36pm | 633Sanofi-Aventis (SNY) continues to work on expanding its oncology portfolio with the company recently entering into an agreement to acquire TargaGen Inc. TargaGen, a privately-held US biopharmaceutical company, is focused on the development of candidates for the treatment of certain types of...
-
Tesla Motor Now a Publicly Traded Company
Wednesday, June 30, 2010 - 3:37pm | 224Tesla Motors (TSLA), the first company to make production electric cars, went public yesterday, with the shares increasing substantially during the day. Shares were offered at $17 per share and closed at 23.89 yesterday. At the time this is being written, the shares are up again today. Goldman,...