-
Citigroup (C) Bucks The Trend On Upgrade Helping This Financial ETF (KBE)
Monday, May 24, 2010 - 3:16pm | 218“Citigroup (NYSE: C) shares were among the winners in the financial sector Monday after analysts at Goldman Sachs (NYSE: GS) upgraded the megabank’s stock, arguing that Citi’s massive trading desk(...)Read the rest of Citigroup (C) Bucks The Trend On Upgrade Helping This Financial ETF (KBE)...
-
Monitoring Put/Call Ratio 05-24-2010
Monday, May 24, 2010 - 2:45pm | 853Cusick’s Corner What a weekend -- the Hawks are going to the Stanley Cup (huge hockey fan, but I guess I have to be with 4 kids in travel hockey), had our first 90 degree day in Chicago and during the last 20 minutes of trading on Friday, the SPX decided to pop almost 20 points. This market...
-
Goldman Sachs Lowers Evercore Partners (EVR) Price Target To $38
Monday, May 24, 2010 - 2:02pm | 167Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham removed Evercore Partners Inc (NYSE: EVR) from its Conviction Buy List but maintained its Buy rating. The price target of Evercore Partners Inc was lowered to $38 per share, down from the previous...
-
Has Lloyd Blankfein Become Toxic For Goldman Sachs (GS)
Monday, May 24, 2010 - 1:42pm | 285According to Fox Business Network's Charlie Gasparino, people close to Goldman Sachs (NYSE: GS) believe that Lloyd Blankfein "has become a lightening rod of criticism for the firm since he has been at the forefront of defending the firm's business practices, including selling clients securities...
-
Stock Market Update: Pro View
Monday, May 24, 2010 - 12:13pm | 363Technology is leading the way today with Apple Inc. (NASDAQ: AAPL) taking charge. Apple Inc. is surging 2.81% to $249.14 +$6.82. This stock alone is helping to carry the Nasdaq slightly higher. Google Inc. (NASDAQ: GOOG) is also advancing nicely today with a gain of 2.81%. The stock is trading...
-
Goldman Sachs Initiates Con-way Inc. At Neutral (CNW)
Monday, May 24, 2010 - 12:09pm | 123Goldman Sachs (NYSE: GS) initiated coverage of Con-way Inc. (NYSE: CNW) at Neutral with a $37 price target today. The analysts wrote that "we see an attractive short-term cyclical setup based on improving volumes and channel checks that indicate improved pricing trends." The firm is cautious,...
-
Company News for May 24, 2010 - Corporate Summary
Monday, May 24, 2010 - 9:36am | 185• Campbell Soup (NYSE:CPB) posted fiscal third quarter earnings of 54 cents a share, up from Zacks estimates of 51 cents versus break 48 cents a year earlier on inline revenues of $1.8 billion • IBM (NYSE:IBM) announced plans to buy Sterling Commerce from AT&T (NYSE:T) for $1.4 billion • ...
-
Today’s Best Market Rumors (5/24/2010)
Monday, May 24, 2010 - 9:00am | 384Adding to the mixed results on the US real estate market, the National Association of Realtors said existing home moved sharply higher in April. But, the numbers were almost certainly an aberration. “Existing-home sales, which are completed transactions that include single-family, townhomes,...
-
Benzinga’s Top Downgrades (STI, RCRC, WFC, JEF, GXDX)
Monday, May 24, 2010 - 7:54am | 186SunTrust Banks Inc (NYSE: STI) was downgraded by Goldman from “conviction buy” to “buy.” STI’s shares closed at $26.99 on Friday. SunTrust’s earnings may fall by 288.18% this year. RW Baird downgraded RC2 Corporation (NASDAQ: RCRC) from “outperform” to “neutral.” RCRC’s shares closed at $18.83 on...
-
Short Covering Rally 05-21-2010
Friday, May 21, 2010 - 7:00pm | 770Cusick's Corner There was an impressive rally into the close, much of it due to short covering for the weekend which then set off a big short imbalance. The VIX had quite a day range today of 38.95 – 48.20, closing nearer the day’s lows at 40.10. This choppy, volatile trade coupled with...
-
Goldman Sachs To Buy Michael Foods (GS, FIS)
Friday, May 21, 2010 - 4:43pm | 130Private equity firm Thomas H. Lee Partners has agreed to sell Michaels Foods to Goldman Sachs (NYSE: GS). Goldman’s private equity arm is likely to pay $1.7 billion for the company. Thomas H. Lee had invested in the food supplier firm in 2003. THL will retain a 20% stake in the company. Reuters has...
-
The Reversal In Gold Prices Has Investors Looking At This Short Gold ETF (GLL, DZZ)
Friday, May 21, 2010 - 3:04pm | 207“Gold is now cruising under $1,200 again — indicating that the safe-haven metal may have hit a ceiling once more. Even after Thursday’s brutal day in the stock market, gold still lost ground(...)Read the rest of The Reversal In Gold Prices Has Investors Looking At This Short Gold ETF (GLL, DZZ)...
-
Stocks Rally After Opening Plunge (DJI, SPX, JPM, GS)
Friday, May 21, 2010 - 12:18pm | 130Stocks have pared losses after falling at the open. The Dow Jones Industrial Average (DJI) is up 81 points, or 0.81%, to 10,150. The blue chip index had dipped below the 10,000 level shortly after the opening before it began a steady ascent higher. Today's move comes after yesterday's dramatic...
-
Is The SPDR Gold ETF (NYSE:GLD) A Sure Long Term Bet?
Friday, May 21, 2010 - 11:45am | 226In an utter and complete repudiation of its founding principles, the European Union’s central bank (ECB) has decided to copy the U.S. Federal Reserve’s 2008-2009 strategy of “papering over”(...)Read the rest of Is The SPDR Gold ETF (NYSE:GLD) A Sure Long Term Bet? Copyright 2010 ETFDAILYNEWS.COM...
-
News Summary (ABT, GS, BAC, ARO)
Friday, May 21, 2010 - 11:25am | 319The Senate passed the most significant increase in the regulation of US banks yesterday since the Great Depression. The lawmakers placed new restrictions on the nation's biggest banks, reining in the Federal Reserve and forming a major new consumer-protection division for mortgage and credit-card...