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Company News for June 9, 2010 - Corporate Summary
Wednesday, June 9, 2010 - 10:14am | 211• Banco Santander plans to pay $2.5 billion to Bank of America (NYSE:BAC) for its stake in a Mexican unit • Eclipsys (NASDAQ:ECLP) plans to buy Allscripts (NASDAQ:MDRX) for $1.3 billion, or $22.10 per share • Cardinal Health (NYSE:CAH) plans to buy Health Solutions for $667 million • Texas...
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Goldman Rates Molex "Buy"
Wednesday, June 9, 2010 - 8:09am | 64Goldman Sachs (NYSE: GS) reiterated its "buy" rating on electronic components maker Molex (Nasdaq: MOLX), saying the company should save $205 million from global cost restructuring. Goldman thinks Molex can "comfortably deliver incremental operating profit contribution in the 30%- 40% range longer...
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Benzinga's Top ETF Decliners (EDZ, ERY, DRV, FAZ)
Tuesday, June 8, 2010 - 4:40pm | 245Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) traded in the negative territory today, it fell 6.58% and closed at $52.09. Emerging markets bounced today after trading down in three consecutive trading sessions. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) is another bear...
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Time To Short The XLF And Go Long Consumer Staples? (XLF, MCD, WMT, PEP)
Tuesday, June 8, 2010 - 1:27pm | 422The trend right now in the markets is disconcerting, but fairly defined at this point - the trade is "risk off," and if this atmosphere persists, traders are not likely to make money without having significant short exposure. The Financial Select Sector SPDR ETF (NYSE: XLF) appears to be a good...
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The Benzinga Daily Reading List
Tuesday, June 8, 2010 - 12:55pm | 244Here's what Benzinga's reading around the web today. The Benzinga Daily Reading List Western capitalism in decline? No, but irresponsibility is. (TheStreet) President Obama = worst. trash-talker. ever. BP (NYSE: BP) must be so scared.(DailyFinance) You know, when the government is the only entity...
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Goldman Sachs Slashes Price Target for Medtronic Inc. (MDT, GS)
Tuesday, June 8, 2010 - 12:08pm | 140Medtronic Inc. (NYSE: MDT) reiterated FY2011 guidance of 5%-8% constant currency revenue growth during its Analyst Meeting. The company has also retained its EPS estimate of $3.45-$3.55. In a recently released report, Goldman Sachs (NYSE: GS) has maintained its previous EPS estimate of $3.45-$3.55...
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Company News for June 8, 2010 - Corporate Summary
Tuesday, June 8, 2010 - 9:37am | 141• Apple (NASDAQ:AAPL) introduced its latest iPhone, iPhone4, slated for June 24 release. The new model, a thinner version, offers over 100 features including video-chatting capabilities • Talbots (NYSE:TLB) reported first quarter earnings of 38 cents a share, versus Zacks expectations of 17 cents,...
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INSIDER BUYING FALLS ON THE WEEK
Tuesday, June 8, 2010 - 1:36am | 228Insiders have turned a bit more cautious according to recent data. The 4 week average in buying dipped a bit to $32.37MM from $37.1MM. Sellers remained extremely heavy as insiders sold over $735MM in stock. Sellers have been extremely high in comparison to buyers throughout the entirety of the...
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Financials Roundup (C, BAC, JPM, GS, MS, XLF)
Monday, June 7, 2010 - 1:15pm | 278Following the performance of financial stocks has been a good barometer of the direction of the S&P 500. During today's trading session, the S&P has gained 0.61 points to 1,065, but financial stocks have been weak. The Financial Select Sector SPDR ETF (NYSE: XLF), which tracks the...
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Afternoon Market Update (HPQ, MMC, GS)
Monday, June 7, 2010 - 12:44pm | 270Hewlett-Packard (NYSE: HPQ) has introduced a new line of printers that will allow users to print documents directly from devices such as a smart phone, a netbook or a tablet. These new printers will be available in a price range of $99 to $400. HPQ said, “this would let users transform their...
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Monday Morning’s Options Volume Leaders (C, BAC, AAPL, BP, BMY, SPY, GS)
Monday, June 7, 2010 - 12:00pm | 225The overall market is struggling to find a direction this morning with the S&P 500 (NYSE: SPY) trading above and below the unchanged mark for most of the morning trade. Stock futures were down during the Asian session, but regrouped and rallied to even before the open today. Interesting to...
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Company News for June 7, 2010 - Corporate Summary
Monday, June 7, 2010 - 9:36am | 181• Apple's (NASDAQ:AAPL) worldwide developers' conference starts today with CEO Steve Jobs making the keynote address. Expectations are the latest iPhone version would be unveiled • BP (NYSE:BP) reported its first evidence of progress in the seven-week Gulf oil spill, with about half of the...
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Zacks’ Voice of the People Highlights Opportunities with Goldman Sachs, AK Steel and SPDR S&P 500 ETF (SPY, AKS, GS)
Saturday, June 5, 2010 - 10:33pm | 290The markets are struggling to hold the flat line today. The huge rally yesterday has put the markets in a better mood. President Obama and Vice President Biden each came out touting the jobs(...)Read the rest of Zacks’ Voice of the People Highlights Opportunities with Goldman Sachs, AK Steel and...
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Anthony Scaramucci Sees Correlation Between XLF And S&P 500
Friday, June 4, 2010 - 6:44pm | 141Anthony Scaramucci said on CNBC's Fast Money that there is a correlation between S&P 500 and Financial Select Sector SPDR (ETF) (NYSE: XLF). He believes that uncertainty regarding financial regulation is a reason for this correlation. Scaramucci added that correlation won't end before two...
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U.S. Steel No Longer Conviction Buy (GS, X)
Friday, June 4, 2010 - 11:45am | 76U.S. Steel (NYSE: X) has been removed from Goldman Sachs' (NYSE: GS) vaunted "Conviction Buy" list. Goldman added the stock to its "Conviction Buy" list on May 13. Shares of U.S. Steel were trading around $57 then and trade around $43 today, down roughly 24.5 percent. U.S. Steel has significant...