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Commercial Real Estate Week in Review
Saturday, June 26, 2010 - 6:00am | 444Commercial Real Estate Week in Review-June 20-26 -Fed not going to raise interest rates. -Total amount of distressed commercial real estate down 11% since March. -Medical Properties Trust acquires 3 hospitals for $74M. -Commercial real estate prices up 4.7% since October. -Retail...
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Fast Money Picks For June 28th (PM, CME, RTP, COV, GS, BAC)
Friday, June 25, 2010 - 6:26pm | 199On CNBC's Fast Money, Patty Edwards suggested that investors should buy Philip Morris International Inc. (NYSE: PM) on Monday. Philip Morris International Inc. (PM) fell 1.14% today. Karen Finerman thinks that Covidien plc (NYSE: COV) is a buy because of the increased demand for medical products....
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Benzinga's Top ETF Gainers (DRN, FAS, UCO, TNA)
Friday, June 25, 2010 - 5:04pm | 231Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) led the gainers among the ETFs today. DRN jumped 7.84%, as Simon Property Group, Inc (NYSE: SPG) and Vornado Realty Trust (NYSE: VNO) gained 3.04% and 3.17% respectively. Financials rebounded today, and so did Direxion Daily Financial Bull 3X...
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Record Gold Prices Boosting Mini Futures Market (NYSE:GLD)
Friday, June 25, 2010 - 3:54pm | 218Much of the media buzz around gold these days centers on ETFs and physical bullion, but don’t overlook another way to get your precious metals fix: futures contracts. Both the NYMEX and(...)Read the rest of Record Gold Prices Boosting Mini Futures Market (NYSE:GLD) Copyright 2010 ETFDAILYNEWS.COM...
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Calls Sold on Charles Schwab (SCHW)
Friday, June 25, 2010 - 2:55pm | 136Shares of Charles Schwab Corp. (NYSE: SCHW) are higher on the session by 2.12%, currently trading at $14.93. The stock has been running lower and lower over the past two months, off from recent highs near $20.00. Options traders are betting that any rally in the name will be muted. The September $...
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FinReg Near, Financial Stocks Rally
Friday, June 25, 2010 - 12:22pm | 211Financial regulation is almost complete as lawmakers put the final touches on a new bill in the next few days. The financial stocks have been worried about this bill and have sold off accordingly in the last few months. As this saga is now coming to a close, the financial stocks like Goldman Sachs...
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6-25-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Friday, June 25, 2010 - 11:29am | 3470Stocks are flat on the heels of bank overhaul agreement and lower GDP estimate Stocks are little changed after lawmakers agreed on a financial regulation bill and the government lowered its estimate on how fast the economy grew in the first quarter. The bill agreed to Friday would regulate banks’...
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BW: CGM Focus's (CGMFX) Ken Heebner - a Hot Touch Gone Cold
Friday, June 25, 2010 - 11:03am | 1956It is amazing what a few years will do to you. Not 2 years ago Ken Heebner of CGM Funds was the most celebrated mutual fund manager since Peter Lynch. [May 28, 2008: Ken Heebner - America's Hottest Investor] His mad dash concentrated style broke the mold in a staid profession. [May 6, 2008:...
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US Stock Futures Move Up On Deal On Banking Reforms
Friday, June 25, 2010 - 9:12am | 262US stock futures moved up today, after a rally in the banking stocks. The banks got a lift after Congressional negotiators agreed on banking reform rules that were not as harsh as was feared. While futures on the S&P 500 added 4.6 points to 1075.10, those on the Dow Jones Industrial Average...
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Goldman Sachs Turns Positive on the Session; Market Buy Signal? (GS, SPY)
Thursday, June 24, 2010 - 3:48pm | 161Shares of Goldman Sachs Group (NYSE: GS) are currently higher on the session by 0.13%, at $135.24. The stock was down to $133.11 earlier in the session, but has been battling back throughout the entire trading session. Given the heavy overhang from potential financial regulation reform, and the...
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Unexpected Profit For The Jefferies Group (JEF)
Thursday, June 24, 2010 - 3:33pm | 82Shares of Jefferies Group Inc. (NYSE: JEF) surged $ 1.72, or 7.5%, to $24.59 before closing at $24.17 on Tuesday. The sudden increase was mainly due to stronger-than-expected second-quarter results. Jeffries’ profit has increased by 37% to $85 million while its revenue rose to $670 million. The...
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Stock Market News for June 24, 2010 - Market News
Thursday, June 24, 2010 - 10:14am | 472Stocks swung between gains and losses in the final two hours of trading before ending mixed as the Federal Reserve assumed a cautious tone in its take on the economy. While keeping the key fed funds rate at historic lows, the policymakers noted that the financial conditions were less supportive...
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Company News for June 24, 2010 - Corporate Summary
Thursday, June 24, 2010 - 10:14am | 446• Bed Bath & Beyond (NASDAQ: BBBY) reported earnings of 52 cents a share, up from Zacks estimates of 48 cents on revenues of $1.92 billion, versus Zacks projections of $1.89 billion • Nike (NYSE: NKE) fiscal fourth quarter earnings came in at $1.06, in-line with Zacks estimates on inline...
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US Financial Stocks Plummet On Weak New-Home Sales Data
Wednesday, June 23, 2010 - 3:53pm | 208The financial sector plunged after rising in early trading hours today, as economic data released by the Commerce Department showed a sharp dip in May new-home sales in the US. The news aggravated fears that home prices may fall further. Sales of new US homes fell a dramatic 33% in May due to the...
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Late Market Update
Wednesday, June 23, 2010 - 2:15pm | 244General Motors Co is planning for an Initial Public Offering (IPO) to sell 20% of the Treasury’s stake in the automaker. The IPO will result in the US becoming a minority owner. After the IPO, the Treasury Department’s stake will be reduced to less than 50% from the current stake of 61%. The IPO...