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Company News for May 26, 2010 - Corporate Summary
Wednesday, May 26, 2010 - 9:51am | 195• Toll Brothers (NYSE:TOL) reported a fiscal second quarter loss of 24 cents a share, in-line with Zacks estimates, versus a 52 cent loss a year earlier on revenues of $311.3 million, below Zacks projections of $314 million • Solarfun (NASDAQ:SOLF) reported earnings of 40 cents a share, well above...
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Options Traders View Things Differently
Wednesday, May 26, 2010 - 9:18am | 1943While stock traders basically can only take a long or a short view on an underlying stock or ETF, options traders are given much more flexibility in the way they invest and assume risk. Headlines can be motivators for many investors to buy, sell, or hold, and they can also create, change, and/or...
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Goldman Sachs Announces Direct Market Access For Brazilian Equities
Wednesday, May 26, 2010 - 9:02am | 202Goldman Sachs (NYSE: GS) Electronic Trading (GSET) announced today the ability for clients to electronically route equity orders to the Bovespa Stock Exchange in Brazil through its local subsidiary, Goldman Sachs do Brasil CTVM S.A. Clients will be able to route direct market access (DMA) as well...
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AAPL Tops Goldman Sachs’ List Of Stocks Favored By Hedge Funds
Wednesday, May 26, 2010 - 8:51am | 121Goldman Sachs (NYSE: GS) released its quarterly Hedge Fund Monitor report, which reflects the stocks liked the best by hedge funds. GS had monitored a total of 629 hedge funds to see which stock emerged the favorite of them all. While Apple (NASDAQ: AAPL) bagged the top spot, Bank of America was...
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Go Where the Market Takes You!
Tuesday, May 25, 2010 - 7:04pm | 541This morning was a tough read. Myself coming into today had a short bias thinking that we were going to test the lows of last Friday and possible break lower. We opened around 250 points below yesterdays close in the SPY near the lows of Friday, which gave me a bit more conviction to go short if...
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ShoreBank Lines Up Financing, But is it Enough?
Tuesday, May 25, 2010 - 4:37pm | 140Charlie Gasparino is reporting on Fox Business News the troubled bank, ShoreBank, has lined up $140 million in new capital from a syndicate of the country’s largest financial institutions. This syndicate includes Goldman Sachs (NYSE: GS), J.P. Morgan (NYSE: JPM), Morgan Stanley (NYSE: MS),...
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Goldman Sachs Surges While Amazon Runs Wild
Tuesday, May 25, 2010 - 12:58pm | 183Goldman Sachs Group, Inc. (NYSE: GS) and Amazon.com, Inc. (NASDAQ: AMZN) were two of the few stocks to post gains today. Both stocks showing signs of life in sectors that are getting beaten up today. Goldman is trading at $139.40 +$2.71 (1.98%) while Amazon.com is trading at $122.46 +$0.34 (0.28...
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Stock Market Movers, Money Makers
Tuesday, May 25, 2010 - 12:26pm | 436Global drama continues to hurt the markets. Last night the futures were getting crushed as Asia and Europe sold sharply as continued worries about Spain and Portugal killed the Euro. In addition, North Korea and South Korea seem to be one bullet away from a major confrontation. The Dollar soared...
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E*Trade Reverse Split Due June 2 (ETFC, C)
Tuesday, May 25, 2010 - 10:04am | 176NEW YORK (TheStreet) -- E*Trade Financial (NASDAQ: ETFC) shares slipped nearly 3% in premarket action as the online brokerage said its previously approved reverse stock split will take effect a week from Wednesday. E*Trade shareholders approved a 1-for-10 reverse stock split at their annual meeting...
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Stock Market News for May 25, 2010 - Market News
Tuesday, May 25, 2010 - 9:31am | 613U.S. stocks erased all the previous session’s gains, dragged down by a late-session slide in the financial sector as concerns about tighter regulations on Wall Street and European debt troubles showed no signs of easing. The declines, precipitated by losses in the financial sector, spread to other...
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Top 4 Mid-Cap NASDAQ Stocks In The Financial Sector With The Highest Gross Margins (ARCC, ETFC, SEIC, ERIE)
Tuesday, May 25, 2010 - 6:30am | 143Below are the top 4 mid-cap financial stocks on the NASDAQ in terms of gross margins. The trailing-twelve-month gross margins of Ares Capital Corp (NASDAQ: ARCC) is 99.99%. ARCC’s quarterly earnings grew by 118.10% year-over-year. The trailing-twelve-month gross margins of E*TRADE Financial Corp (...
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Is It Time To Buy Wells Fargo?
Tuesday, May 25, 2010 - 2:39am | 470While there has been much discussion about the trading practices at Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan Chase (JPM), and Citigroup (C), one of the nation’s largest banks has managed to stay out of the line of fire. That bank is Wells Fargo (WFC). Wells Fargo is the fourth largest...
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Is It Time To Buy Wells Fargo?
Tuesday, May 25, 2010 - 2:39am | 470While there has been much discussion about the trading practices at Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan Chase (JPM), and Citigroup (C), one of the nation’s largest banks has managed to stay out of the line of fire. That bank is Wells Fargo (WFC). Wells Fargo is the fourth largest...
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Shares Of Jefferies Group (JEF) Down Nearly 3.5%
Monday, May 24, 2010 - 6:12pm | 103Shares of Jefferies Group Inc (NYSE: JEF) closed Monday trading down 3.47% at $22.54 per share. Volume of 1.5 million shares was slightly lower than the daily average volume of 1.7 million shares. The day's trading range for shares of Jefferies Group Inc was between $22.52 and $23.32 per share....
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Shares of Evercore Partners (EVR) Down 5.5%
Monday, May 24, 2010 - 5:59pm | 98Shares of Evercore Partners Inc (NYSE: EVR) closed Monday trading down 5.55% at $29.96 per share. Volume of 244,149 shares was 1.34 times higher than the daily average volume of 181,619 shares. Shares of Evercore Partners Inc traded between $29.86 and $31.88 per share during the trading day....