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Get On Board With Goldman Sachs
Friday, May 14, 2010 - 3:09am | 171What company is the happiest in the world for the BP oil spill? The answer is Goldman Sachs (GS). Since the oil spill in the Gulf of Mexico, the federal government and national media have shifted their attention to the offshore oil drillers. With Transocean (RIG) and BP (BP) in the crosshairs of...
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Get On Board With Goldman Sachs
Friday, May 14, 2010 - 3:09am | 171What company is the happiest in the world for the BP oil spill? The answer is Goldman Sachs (GS). Since the oil spill in the Gulf of Mexico, the federal government and national media have shifted their attention to the offshore oil drillers. With Transocean (RIG) and BP (BP) in the crosshairs of...
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Market Update – Cisco (NASDAQ: CSCO), E*Trade (NASDAQ: ETFC), TeleNav Inc (NASDAQ: TNAV)
Thursday, May 13, 2010 - 4:39pm | 289While reaffirming her forecast of the S&P index touching 1250, Abby Joseph Cohen told CNBC that stocks are likely to continue to recover, even when the economic environment weakens. Cohen said she expects commodities, specifically energy and metals, to post strong growth as world growth reaches...
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Big Banks Fall (JPM, C, BAC, MS)
Thursday, May 13, 2010 - 4:21pm | 147Bank stocks came under pressure once again today after reports surfaced that regulators are investigating whether they misled ratings agencies about the safety of certain mortgage-backed securities. Reuters and The Associated Press both reported that the New York Attorney General Andrew Cuomo is...
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Market Round-Up (JPM, DB, C, UBS, MHS)
Thursday, May 13, 2010 - 3:51pm | 310US financial stocks flipped today as authorities expanded their probe into the mortgage-backed securities matter and included other banks namely, JP. Morgan & Chase & Company (NYSE: JPM), Citigroup Inc (NYSE: C), Deutsche Bank AG (NYSE: DB) and UBS AG (NYSE: UBS) into their investigations....
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Goldman Sachs Reiterates Buy Rating On Lululemon (LULU)
Thursday, May 13, 2010 - 3:22pm | 117Goldman Sachs (NYSE: GS) reiterated their BUY rating and $46 price target on shares of Lululemon Athletica (NASDAQ: LULU) today. The company announced today that it has significantly increased its equity stake in its Australian joint venture to 80% from 13%. Goldman analysts wrote that the move, "...
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Regulators To Probe Banks For Influencing Credit Ratings (GS, MS, UBS, C, DB, CS, BAC, MCO)
Thursday, May 13, 2010 - 1:49pm | 197The New York Attorney General has launched a new probe against eight banks. The investigation will determine whether the banks supplied misleading information to rating agencies and thereby influenced the credit rating for some of their mortgage securities. The probe is likely to cover prominent...
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NYSE Fines Goldman And UBS (GS, UBS)
Thursday, May 13, 2010 - 1:27pm | 179The New York Stock Exchange has imposed fines on three firms. These firms are Goldman Sachs (NYSE: GS), UBS (NYSE: UBS) and Cantor Fitzgerald. The Exchange has also disciplined two individuals on various counts. In its monthly regulatory report, NYSE has disclosed that it imposed a $450,000 fine on...
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MS Upped to Outperform
Thursday, May 13, 2010 - 11:19am | 97FBR Capital upgraded New York based investment bank Morgan Stanley (NYSE: MS) from “market perform” to “outperform,” while maintaining its target price at $35. The analysts have upgraded MS, despite rumors of the ongoing federal probe on the firm’s operations in mortgage backed securities....
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Benzinga’s Top Upgrades (MS, TDC, HAL, DVAX, SUPX)
Thursday, May 13, 2010 - 10:31am | 187Morgan Stanley (NYSE: MS) was upgraded by FBR Capital Markets from “market perform” to “outperform.” MS’ shares closed at $27.80 yesterday. The company’s quarterly earnings growth stands at 346.51% y/y. Oppenheimer upgraded Teradata Corporation (NYSE: TDC) from “perform” to “outperform.” TDC’s...
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Stock Market News for May 13, 2010 - Market News
Thursday, May 13, 2010 - 10:17am | 584Stocks closed sharply higher Wednesday, erasing last week’s steep losses, as Spain announced sweeping measures to curtail spending and debt-strapped European countries’ problems showed signs of easing. A slew of positive economic data and IBM’s increased profit outlook added to bullish sentiments...
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Company News for May 13, 2010 - Corporate Summary
Thursday, May 13, 2010 - 10:16am | 131• Goldman Sachs (NYSE:GS) added US Steel (NYSE:X) to its Conviction Buy List • Bernstein cut Devon Energy’s (NYSE:DVN) rating to "market perform" • HSBC (NYSE:HBC) lowered Semiconductor Manufacturing’s (NYSE:SMI) rating to "underweight" • Kohl's (NYSE:KSS) posted first quarter earnings of 64 cents...
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Western Gas Partners Prices Public Offering of 4M Common Units
Thursday, May 13, 2010 - 10:10am | 142Western Gas Partners, LP (NYSE: WES) today announced that it has priced its public offering of 4M common units representing limited partner interests. Western Gas Partners has granted the underwriters a 30-day option to purchase up to 600,000 additional common units. The common units were offered...
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FOREX, COMMODITIES, STOCKS OUTLOOK May 13th: Cliff’s 2 Minute Drill 11:00 GMT
Thursday, May 13, 2010 - 6:40am | 1948NB: THE FOLLOWING IS AN ABRIDGED VERSION FOR A FAST OVERVIEW OF ALL MAJOR GLOBAL STOCK, FOREX, AND COMMODITY MARKETS — FULL ANALYSIS AND CHART ILLUSTRATIONS OF RECOMMENDED TRADES GO TO http://fxmarketanalysis.wordpress.com/ AND SELECT "DAILY OUTLOOK{date}: Analysis, Events, Trends, FOR TODAY...
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FOREX, COMMODITIES, STOCKS OUTLOOK May 13th: Updates, Trends, Analysis 11:30 GMT
Thursday, May 13, 2010 - 6:25am | 2505Stocks: Prior day: Asia, Europe, US up. Today: Asia, Europe up on a continued reaction bounce as Asian and European markets rose despite significant lingering questions about the feasibility and enforcement of the latest EU/IMF bailout package, further China tightening, damage from the BP oil spill...