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Nexen Sells Gas Trading Book To Goldman Sachs (NXY, GS)
Friday, May 14, 2010 - 4:53pm | 153Nexen Inc. (NXY) announced the sale of its North American natural gas trading operation to Goldman Sachs (NYSE: GS). The companies have not disclosed the financial terms of the deal. The pact will help Nexen in transferring some of its financial risk. Nexen (NXY) is Canada’s fifth-largest...
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Waddell & Reed Big Mystery Seller In S&P Futures During Market Plunge (WDR)
Friday, May 14, 2010 - 2:54pm | 320Reuters is reporting that the big mystery seller in the S&P e-mini futures contract during last Thursday's market plunge was asset management firm Waddell & Reed (NYSE: WDR). Waddell sold 75,000 e-mini contracts during a 20-minute span in which U.S. equity markets plummeted according to an...
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Is It Time To Sell The SPDR Gold ETF? (NYSE:GLD)
Friday, May 14, 2010 - 2:24pm | 324“The ETF Review, a newsletter from Investors Intelligence, on Friday said it is closing its long position on SPDR Gold Shares (NYSE: GLD) . The gold ETF “has accelerated to new highs over the(...)Read the rest of Is It Time To Sell The SPDR Gold ETF? (NYSE: GLD) Copyright 2010 ETFDAILYNEWS.COM The...
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Subpoenas Issued To Banks To Check For Misleading Rating Agencies, (GS, MS, C, UBS)
Friday, May 14, 2010 - 1:18pm | 136Investigators and prosecutors have started focusing their attention on complicated repackaged debt known as collateralized debt obligations. Prosecutors and regulators appear to be on a new track now looking to see if the big banks that designed and sold all those toxic mortgage-linked securities...
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Puts Sold in TD Ameritrade
Friday, May 14, 2010 - 1:01pm | 110Shares of TD Ameritrade Corp. (NASDAQ: AMTD) are off 2.41%, currently trading $18.26. The stock has now breeched below both the 50-day and 200-day moving averages, which is a bearish signal. The next support level to the downside is at $16.50. Options action in AMTD is suggesting that the stock...
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Go With Goldman (X)
Friday, May 14, 2010 - 12:41pm | 216Yesterday Goldman Sachs (NYSE: GS) put U.S. Steel (NYSE: X) on its coveted "Conviction Buy" list. In the world of equities, this is akin to getting one's name on the list to attend the Academy Awards. But I digress.. Goldman's call was predicated on two things: an economic recovery, and U.S. Steel'...
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Goldman Sachs Reiterates “Buy” on Halliburton
Friday, May 14, 2010 - 10:26am | 101Goldman Sachs (NYSE: GS) is reiterating their “Buy” rating on Halliburton (NYSE: HAL) today following its investor meeting. They said, “It is clear to us that HAL is stronger than ever—both on a relative and absolute basis.” Goldman analysts said that they expect shares to couple with the bullish...
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Goldman Sachs Maintains Positive Oil/Gas View (TLM, NFX)
Friday, May 14, 2010 - 10:24am | 190Goldman Sachs (NYSE: GS) is out with an investor note this morning that is reiterating their positive view on select Oil/Gas players. They said that they are maintaining an “Attractive” coverage view on the sector and that E&P stocks should begin to reflect higher natural gas/oil prices....
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Goldman Sachs Maintains Positive Oil/Gas View (TLM, NFX)
Friday, May 14, 2010 - 10:24am | 190Goldman Sachs (NYSE: GS) is out with an investor note this morning that is reiterating their positive view on select Oil/Gas players. They said that they are maintaining an “Attractive” coverage view on the sector and that E&P stocks should begin to reflect higher natural gas/oil prices....
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Goldman Report: Second Consecutive Week of Equity Outflows (SPY, TLT, EEM)
Friday, May 14, 2010 - 10:23am | 126Goldman Sachs (NYSE: GS) is out with an analysts note today saying that equity (NYSE: SPY) and bond (NYSE: TLT) flows turned negative this week once again ; this is the second consecutive week that flows were negative according to Lipper FMI data. $10 billion flowed from equity funds and bond funds...
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Goldman Report: Second Consecutive Week of Equity Outflows (SPY, TLT, EEM)
Friday, May 14, 2010 - 10:23am | 126Goldman Sachs (NYSE: GS) is out with an analysts note today saying that equity (NYSE: SPY) and bond (NYSE: TLT) flows turned negative this week once again ; this is the second consecutive week that flows were negative according to Lipper FMI data. $10 billion flowed from equity funds and bond funds...
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Stock Market News for May 14, 2010 - Market News
Friday, May 14, 2010 - 9:39am | 423Stocks tumbled in the final hours of trading Thursday as cautious comments from Cisco CEO John Chambers and department store operator Kohl’s Corp.’s unimpressive outlook gave investors reason to pull money out of the market. Absence of market-moving catalysts also weighed on sentiments even as...
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Top 5 Large-Cap NYSE Stocks In The Financial Sector With The Highest Cash (BCS, G, CS, JPM, MS)
Friday, May 14, 2010 - 7:02am | 162Below are the top 5 large-cap financial stocks on the NYSE in terms of cash. Barclays PLC (NYSE: BCS) had $1.22 trillion of cash in the latest quarter, while its debt liabilities stood at $641.78 billion. Genpact Ltd (NYSE: G) had $340.91 million of cash and debt of $66.66 million in the latest...
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Top 5 Small-Cap NASDAQ Stocks In The Financial Sector With The Highest Revenue Estimate This Year (CHSI, SIGI, CODI, AGII, BGCP)
Friday, May 14, 2010 - 6:36am | 194Below are the top 5 small-cap financial stocks on the NASDAQ in terms of revenue expectations. Catalyst Health Solutions Inc (NASDAQ: CHSI) is expected to generate revenue of $3.47 billion in the current year. CHSI’s quarterly earnings grew by 26.10% year-over-year. Selective Insurance Group Inc (...
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Media Digest 5/14/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Friday, May 14, 2010 - 3:47am | 415These are ten of the top analyst upgrades, downgrades, and initiations seen in Wall Street research calls this Friday: Anadarko Petroleum Corporation (NYSE: APC) Raised to Overweight at JPMorgan. Cirrus Logic Inc. (NASDAQ: CRUS) Cut to Buy from Strong Buy at Needham. Lululemon Athletica (NASDAQ:...