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Goldman Sachs Reiterates Buy Rating On Best Buy (BBY)
Monday, June 14, 2010 - 12:22pm | 138Goldman Sachs (NYSE: GS) released a client note on Best Buy (NYSE: BBY) this morning. The firm's analysts said that the company needs to address three key strategic questions going forward. They are 1) How will the firm generate gross margin expansion? 2) Does BBY have sales visibility into its TV...
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Meredith Whitney Initiates Coverage on Jefferies (JEF)
Monday, June 14, 2010 - 12:06pm | 69Meredith Whitney Advisory Group initiated coverage of Jefferies & Company (NYSE: JEF). Jefferies is an investment bank headquartered in NYC. Meredith Whitney gave Jefferies an Outperform rating. The price target was set at $27.00. JEF is trading at $22.72 as of midday June 14th. Meredith...
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Stock Market News for June 14, 2010 - Market News
Monday, June 14, 2010 - 9:39am | 531The volatility in markets is similar to the wild swings that characterized the indices’ moves in late 2008 and early 2009. Yet, over the last three weeks, markets do not seem to have given up much ground – or made any headway. After sharp moves back and forth, major indexes barely managed to move...
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Zacks Analyst Blog Highlights: Novartis, Biogen Idec, Teva, Apache and Devon Energy - Press Releases
Monday, June 14, 2010 - 8:34am | 1308For Immediate Release Chicago, IL – June 14, 2010 – Zacks.com Analyst Blog features: Novartis (NVS), Biogen Idec (BIIB), Teva (TEVA), Apache Corporation (APA) and Devon Energy Corporation (DVN). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:...
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Looking At John Paulson’s Holdings In The Gold ETF (GLD), BofA (BAC), and Citigroup (C)
Sunday, June 13, 2010 - 2:57pm | 173“Hedge fund superstar John Paulson was most recently in the news as the man ‘on the other side’ of the allegedly questionable Goldman Sachs (NYSE:GS) CDO deal that is currently before the courts(...)Read the rest of Looking At John Paulson’s Holdings In The Gold ETF (GLD), BofA (BAC), and Citigroup...
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Zacks Highlights Opportunities With The SPDR S&P 500 ETF (NYSE:SPY)
Friday, June 11, 2010 - 5:08pm | 232Zacks highlights commentary from People and Picks Trader “MW” with Technical Bullish and Bearish Scenarios on the SPDR S&P 500 ETF (NYSE:SPY)(...)Read the rest of Zacks Highlights Opportunities With The SPDR S&P 500 ETF (NYSE:SPY) Copyright 2010 ETFDAILYNEWS.COM The copying, republication...
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Goldman Sachs Resumes Coverage Of Cephalon At Neutral (CEPH)
Friday, June 11, 2010 - 2:29pm | 146Goldman Sachs (NYSE: GS) has resumed their coverage of Cephalon (NASDAQ: CEPH) with a Neutral rating and a $65 12-month price target. The analysts wrote that "Cephalon has been proactive in business development efforts to drive product expansion and geographic diversification, which we believe can...
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FDA Panel Backs Novartis Drug - Analyst Blog
Friday, June 11, 2010 - 1:45pm | 509Recently, Novartis’ (NVS) FTY720 (fingolimod) received a favorable recommendation from an advisory committee of the US Food and Drug Administration (FDA). The drug has been developed for the treatment of patients with relapsing multiple sclerosis (MS) orally. Although the FDA is not bound to...
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Two Distressed Financial Names Rising Today (GS, STD, XLF)
Friday, June 11, 2010 - 12:23pm | 157The Financial Select Sector SPDR ETF (NYSE: XLF), which tracks the performance of a basket of financial stocks, has fallen 0.55% to $14.39. Two financial stocks that have been under pressure recently that are outperforming today, however, are Goldman Sachs (NYSE: GS) and Banco Santander (NYSE: STD...
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It's Inverted Hammer-time! Can't Touch This? 06-10-2010
Thursday, June 10, 2010 - 3:20pm | 870Cusick's Corner The Euro is up -- overseas markets showed strength. There has been some flight from safety today – Gold is down, Dollar down and money has flowed to other sectors like Energy. BP is up after yesterday’s plunge in the stock (see Implied Volatility Movers) and Transocean (RIG) has...
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The Benzinga Daily Reading List
Thursday, June 10, 2010 - 2:52pm | 201Here's what Benzinga's reading around the web today. The Benzinga Daily Reading List It seems like there's an ETF for everything. I'm waiting for Barclays to introduce one that tracks the Detroit Lions football record...so that I can short the heck out of it. (Abnormal Returns) Credit markets must...
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Financial Sector Rallying Today, GS Misses The Train
Thursday, June 10, 2010 - 2:04pm | 165Financial stocks surged in the early trade today, as the Dow Jones Industrial Average climbed more than 200 points. The market remained positive due to the news of increased Chinese exports and a recovering euro. However, Goldman Sachs Group Inc (NYSE: GS) failed to gain from today’s financial-...
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Company News for June 10, 2010 - Corporate Summary
Thursday, June 10, 2010 - 10:04am | 188• Reports say another federal probe into Goldman Sachs' (NYSE:GS) handling of CDO is in the works, regarding a $2 billion Hudson Mezzanine offering sold in 2006 • Old Republic (NYSE:ORI) announced plans to merge with PMA Capital (NASDAQ:PMACA), in a $365 million deal • Citigroup (NYSE:C) upgraded...
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Top 5 Mid-Cap NYSE Stocks In The Financial Sector With The Highest Cash (AIG, WF, JEF, PRE, DFS)
Thursday, June 10, 2010 - 7:38am | 162Below are the top 5 mid-cap financial stocks on the NYSE in terms of cash. American International Group Inc (NYSE: AIG) had $69.53 billion of cash in the latest quarter, while its debt liabilities stood at $164.55 billion. Woori Finance Holdings Company Ltd (NYSE: WF) had $28.46 billion of cash and...
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Goldman Sachs Reiterates Neutral Rating On Dr. Pepper Snapple Group (DPS)
Wednesday, June 9, 2010 - 11:30am | 201Goldman Sachs (NYSE: GS) analysts attended Dr. Pepper Snapple Group's (NYSE: DPS) investor day yesterday in Plano, Texas and said that they "came away from the meeting with generally positive takeaways and a view that solid business momentum should continue for the foreseeable future." Furthermore...