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E*Trade Reports Monthly Metrics
Wednesday, May 19, 2010 - 11:02am | 149E*Trade Financial Corp. (NASDAQ: ETFC) reported today that their Daily Average Revenue Trades (DARTs) fell 14% year over year for the quarter, but increased month over month by 17%. E*Trade said it added 17,627 U.S. brokerage accounts in April, bringing its customer base to 2.6 million. Prior-year...
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Put Spread Sold in Schwab (SCHW)
Wednesday, May 19, 2010 - 10:52am | 124Shares of Charles Schwab Corp. (NYSE: SCHW) are trading flat on the session, currently at $16.97. The stock has recently broken down and sold off heavily from nearly $20 a few weeks ago. The stock appears to have found support around the $17 level. One trader that was long puts and put spreads in...
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Company News for May 19, 2010 - Corporate Summary
Wednesday, May 19, 2010 - 9:33am | 147• Deere (NYSE:DE) reported fiscal second quarter earnings of $1.58, versus Zacks estimates of $1.09 as revenues rose 6% to $7.13 billion, beating Zacks estimates of $6.89 billion • BJ's Wholesale (NYSE:BJ) reported interims of 49 cents, 6 cents higher than Zacks expectations, as revenues grew 12.8...
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Goldman Sachs’ (GS) Problems Continue
Wednesday, May 19, 2010 - 9:03am | 168Following a lawsuit filed by the SEC, Goldman Sachs (NYSE: GS) has found itself cornered. The Wall Street giant has continued to battle against charges of betting against its own clients. The New York Times has now reported another case where the bank was betting against its own client’s interest...
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Benzinga's After Hours Decliners (TWX, IVZ, HANS)
Tuesday, May 18, 2010 - 6:28pm | 184Among the notable decliners in today's post-market session are Time Warner Inc. (NYSE: TWX), Invesco Ltd. (NYSE: IVZ), and Hansen Natural (NASDAQ: HANS). The only stock showing any real volume is TWX. Time Warner (TWX) has fallen 3.45% to $29.56 in the late trading session after closing regular...
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Goldman And BP Sued Over Energy Trading Fraud (GS, BP)
Tuesday, May 18, 2010 - 5:15pm | 168Goldman Sachs (NYSE: GS) and BP Plc. (NYSE: BP) have been sued over allegations of defrauding oil and gas producers. According to Reuters, several dozen oil and gas producers have contended that Goldman (GS) and BP (BP) conspired with SemGroup to defraud them for oil and gas delivered just before...
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Citi Says Low Rates Hurt Charles Schwab (SCHW) EPS
Tuesday, May 18, 2010 - 2:55pm | 133Citi Investment Research & Analysis analyst Keith F. Walsh maintained his rating of Hold for shares of Charles Schwab Corporation (NYSE: SCHW), with a price target of $18 per share. Walsh said that he still sees Charles Schwab Corporation as the premier asset gatherer and that the company...
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Markets Turn Negative On Financial Stocks
Tuesday, May 18, 2010 - 12:24pm | 294As mid day approaches, the markets have turned to the negative side. Fear continues to creep out of Europe as the Euro has inched back to the negative side against the Dollar. In addition, financial regulation seems sure to pass in the coming weeks. Financial stocks are having a tough time...
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Greenhill (GHL) Stock Price Not Justified; Barron’s
Tuesday, May 18, 2010 - 11:24am | 171In recent years, Greenhill & Co., Inc. (NYSE: GHL) has been regarded as one of Wall Street's best-managed firms. According to Barron’s, the financial advisory firm has been awarded with the sector’s highest price/earnings ratio. Currently, the company is trading at 30x estimated 2010 profit of...
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Company News for May 18, 2010 - Corporate Summary
Tuesday, May 18, 2010 - 9:57am | 268• Berkshire Hathaway (NYSE:BRKA) cut its exposure in Kraft (NYSE:KFT) by 23% in the first quarter. Kraft shares had rallied yesterday following a Barron's article, which advised the company's Cadbury purchase could help expand revenues and lower costs, a deal which was opposed by Buffett. ...
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Options Volume Leaders at the Close (SPY, C, AAPL, BAC, F, GS)
Monday, May 17, 2010 - 4:34pm | 132Options volume exploded in the second half of the trading session as the overall market (NYSE: SPY) rallied back to even. As you can see, trading in the top five options leaders all favored the call side today, which is something we haven’t seen in weeks. 1. Citigroup (NYSE: C) 966,327 contracts,...
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Goldman Sachs Retains Neutral Rating For Tate & Lyle (GS, TATYY)
Monday, May 17, 2010 - 1:31pm | 123Goldman Sachs (NYSE: GS) has maintained its neutral rating for Tate & Lyle (TATYY). Tate & Lyle earned £4,405 million in revenue last year. It is expected to record £3,589.8 million in revenue for its current year. Goldman Sachs (GS) adjusted its estimates upward by 0.3%. Similarly it also...
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Stocks To Watch For May 17 (LOW, GS, A, BBI, AIG)
Monday, May 17, 2010 - 7:15am | 231Some of the companies that may grab investor focus today are: Analysts expect Lowe's (NYSE: LOW) to report an EPS of $0.31 for the first quarter. LOW’s shares gained 0.35% to $26.16 in after hours trading. Goldman Sachs Group Inc (NYSE: GS) disclosed details of its new Business Standards Committee...
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The Week Ahead May 17th -21st : 3 Main Market Drivers-Analyses, Ramifications
Saturday, May 15, 2010 - 11:23pm | 2625Summary EU Debt Crisis Scheduled, Potential Events, Ramifications EU Finance Ministers Meetings May 17th-18th: Sovereignty Or The Euro? Needed EU Control Over National Budgets = End of National Sovereignty Indicators of PIIGS Bond Sentiment Major EU Stock Exchanges and Financial Stocks ECB...
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Avoid Goldman Sachs (GS)
Saturday, May 15, 2010 - 3:41pm | 116In an interview with CNBC, Alan Valdes, vice president of DME Securities, shared his opinion about financials’ performance in the coming week. Valdes said that he is a little leery of the financial sector. He said that there have been several bank failures so far this year, and that there are other...