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Late Market Roundup (KMX, ADBE, RIMM, JPM, GS)
Wednesday, June 23, 2010 - 1:50pm | 284Shares of CarMax (NYSE: KMX) soared about 9% after the company reported better-than-expected Q1 results. KMX posted a threefold increase in profit for the first quarter. Chief executive Tom Folliard said, "Sales execution remained strong, as our stores were able to maintain the recent gains in the...
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Tesla Motors Going Public
Wednesday, June 23, 2010 - 1:32pm | 241It looks like Tesla Motors may be going public soon. The company's S-1 and prospectus were submitted to the SEC back on January 29 of this year. Listed as underwriters are Goldman, Sachs & Co. (GS), Morgan Stanley (MS), J.P. Morgan (JPM), and Deutsche Bank Securities (DB). The prospectus...
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Jefferies Maintains Buy Rating On Adobe After Earnings (ADBE)
Wednesday, June 23, 2010 - 12:57pm | 142Jefferies (NYSE: JEF) released an update on Adobe Systems (NASDAQ: ADBE) today after the company reported earnings yesterday. Jefferies is reiterating their Buy rating, despite the fact that the shares are getting hit hard today. ADBE reported earnings per share of $0.44 on revenue of $943 million...
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Goldman Sachs Maintains Sell Rating On Jefferies (JEF)
Wednesday, June 23, 2010 - 12:40pm | 136Goldman Sachs (NYSE: GS) released a company update on Jefferies (NYSE: JEF) today. Yesterday morning, JEF reported earnings per share of $0.41 vs. Wall Street consensus of $0.37. Goldman Sachs had expected that the company would report EPS of $0.34. The analysts wrote that the "upside owed to...
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Part 3: 35 Short Setups with Stop-Losses
Tuesday, June 22, 2010 - 11:10pm | 312Final installment of my weekly short watch-list. If you missed the previous posts, you can find them by clicking on Part One or Part Two. For those that are wanting to know why I include any of the stocks listed below on my watch-list it is due to the following three reasons 1) Price and volume...
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Fast Money's Trades For Wednesday
Tuesday, June 22, 2010 - 6:38pm | 140At the end of today's Fast Money show, The Fast Money traders threw out their best stock trades for Wednesday morning. Joe Terranova is bullish on large grocer Kroger (KR) as a defensive play. Tim Seymour's pick is Spanish bank Banco Santander (STD). Guy Adami advises traders to get long Jeffries (...
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Financial Stocks Are Mixed Today
Tuesday, June 22, 2010 - 3:20pm | 288The financial sector remained volatile today, led by mixed housing market data. Followed by losses in early trading hours, the sector witnessed gains for some time, only to lose some of its steam as the session advanced. Existing-home sales recorded a surprise drop in May. However, another...
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Financial Stocks Still Clouded By Lawsuits and Regulation
Tuesday, June 22, 2010 - 1:28pm | 338Financial stocks still have a dark cloud over them due to the continued litigation threat and looming financial regulation. Stocks like Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC) and Morgan Stanley (NYSE: MS) are mixed on the...
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Top Performing Industries For June 22 (ABD, LNCR, JEF, TNE)
Tuesday, June 22, 2010 - 12:31pm | 238At 11:36 am, the Dow soared 35.14 points, or 0.34%, to 10,477.55, the broader Standard & Poor's 500 index moved up 3.30, or 0.30%, to 1,116.50 and the NASDAQ composite index gained 19.87, or 0.87%, to 2308.96. The industries that are driving the market today are: Office Supplies: The top gainer...
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Goldman Sachs Lowers Estimates And Price Target On Alcoa (AA)
Tuesday, June 22, 2010 - 11:59am | 156Goldman Sachs (NYSE: GS) said in a client note yesterday that they are lowering their aluminum price forecasts and their estimates and price target for Alcoa (NYSE: AA). The firm lowered their aluminum forecasts by 8%-9% to $0.93 and $0.97 in 3Q10 and 4Q10, from $1.03 and $1.05, respectively....
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Company News for June 22, 2010 - Corporate Summary
Tuesday, June 22, 2010 - 9:51am | 197• Walgreen (NYSE:WAG) posted a fiscal third quarter earnings of 53 cents a shares, 4 cents below Zacks projections. Revenues of $17.2 billion, a 6.1% increase, were above Zacks estimates of $17.1 billion • Intel (NASDAQ:INTC) and the FTC are reportedly in talks over a possible antitrust settlement...
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Benzinga's After Hours Decliners (SONC, PCX, MS)
Monday, June 21, 2010 - 5:46pm | 160Among the notable stocks that are moving lower in the after hours are Sonic Corporation (NASDAQ: SONC), Morgan Stanley (NYSE: MS), and Diamond Offshore Drilling (NYSE: DO). Sonic (SONC) reported their quarterly earnings after the closing bell this afternoon. The company earned $0.15 per share...
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The US Financial Sector Rallying On The Back Of China’s Decision On Yuan
Monday, June 21, 2010 - 3:50pm | 478Monica Gerson Financial stocks are soaring today, led by China’s decision to strengthen the yuan against the US dollar. The world’s third largest economy supported its exports by artificially weakening its currency for about two years. A rally was witnessed in riskier assets at the start of the...
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King In Bad Times; Barron’s (SF)
Monday, June 21, 2010 - 3:12pm | 117“King in Bad Times” - This title is perfect for the St. Louis based brokerage firm Stifel Financial (NYSE: SF). It is a one of a kind firm in the financial services industry, whose stock price has increased 30% since the beginning of 2008, outperforming its industry group and the broader market....
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Company News for June 21, 2010 - Corporate Summary
Monday, June 21, 2010 - 10:16am | 215• BASF is expected to announce a deal this week to acquire specialty chemical maker Cognis, owned by Goldman Sachs (NYSE:GS) and Permira Advisors, for over $4.1 billion • Amazon.com (NASDAQ:AMZN) announced plans to relaunch an on-line clothing store • BP's (NYSE:BP) internal memo reported the spill...