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Top 5 Large-Cap Stocks In The Financial Sector With The Highest Gross Margins (SCHW, AMTD, MS, GS, NMR)
Thursday, May 13, 2010 - 5:57am | 196Below are the top five large-cap stocks in the financial sector on the NYSE and the NASDAQ in terms of gross margins. The trailing-twelve-month gross margins of Charles Schwab Corporation (NYSE: SCHW) are 100%. SCHW’s shares have gained 3.70% over the past 52-weeks, while the S&P 500 index has...
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Guy Adami Likes MCK
Wednesday, May 12, 2010 - 7:17pm | 122Guy Adami said on CNBC's Fast Money that he likes McKesson Corporation (NYSE: MCK). McKesson (MCK) closed at $69.06 today, and Guy Adami thinks that investors should be careful at these levels and buy MCK if it breaks above $70. Guy Adami added that MCK trades at 13.5X 2011 earnings, which makes it...
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Former Charles Schwab Executive Sues Company For Over $736,000
Wednesday, May 12, 2010 - 5:46pm | 277DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Former Charles Schwab Corp. (NYSE: SCHW) executive Charles Goldman is suing the discount brokerage for just over $736,000 to recover severance pay and other benefits he says were withheld from him following his termination from the company in late 2008....
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Government Probe Into Wall Street Sales Widening
Wednesday, May 12, 2010 - 3:31pm | 266FOX business is reporting breaking news that the government has ramped up its investigation of Wall Street’s sale of toxic securities during the financial crisis to include firms other than Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS). Sources tell FOX Business that the Securities and...
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McKesson Shares Jump Following Goldman Upgrade
Wednesday, May 12, 2010 - 1:42pm | 108According to Dow Jones, Shares of McKesson (NYSE: MCK) made substantial gains today, rising as Goldman Sachs (NYSE: GS) raised its rating on the drug-distribution giant. The company's gains came as the sector shared in a broader market surge, although health care was far from among the top-ranked...
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Wednesday Morning’s Options Volume Leaders
Wednesday, May 12, 2010 - 12:13pm | 167The overall market is making another push higher today, currently the S&P 500 (NYSE: SPY) is higher by nearly 10 points to 1166. The CBOE Volatility Index (CBOE: VIX) is also is full decline mode; it is currently off 9.99% to 25.49. Here is this morning’s Options Volume Leaders… 1. Baidu Inc...
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Now Morgan Stanley (MS) Under Scrutiny
Wednesday, May 12, 2010 - 9:39am | 113Federal prosecutors are now looking into an alleged malpractice by Morgan Stanley (NYSE: MS) with regards to one of its mortgage-backed-securities deals, referred to as ‘The Dead Presidents’ by traders. The Wall Street Journal, citing people close to the situation, has reported that investigators...
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US Stock Futures Inching Up; Pointing To Higher Open
Wednesday, May 12, 2010 - 9:22am | 213US stock index futures moved up today after Spain announced that it would take several austerity measures, easing investor concerns over the Eurozone sovereign debt issues and helping them to return their focus on the improving the US economy. While futures on the S&P 500 added 5.6 points to...
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Morgan Stanley No Longer the “Litigation-Free” Play
Wednesday, May 12, 2010 - 9:19am | 124Shares of Morgan Stanley (NYSE: MS) are falling in the pre-market by 5.14% to $26.92 after federal prosecutors were said to have been investigating whether MS misled investors about mortgage-derivatives deals it helped design and sometimes “bet against.” Washington seems to be upping its scrutiny...
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C Shorts Make A Comeback
Wednesday, May 12, 2010 - 8:18am | 320According to an article on TheStreet.com, Citigroup (NYSE: C) short interest rose in the latter half of last month. During this period, Citigroup reported a quarterly profit for the first time since Q2 of 2007. This was beyond analyst expectations. C short interest rose to 482 million shares from...
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FOREX, COMMODITIES, STOCKS OUTLOOK May 12th: Updates, Trends, Analysis 11:30 GMT
Wednesday, May 12, 2010 - 7:02am | 2482Stocks: Prior day: Asia, Europe, down US Mixed. Today: Asia, Europe upon a reaction bounce as Asian and European markets see modest bargain hunting despite significant lingering questions about the feasibility and enforcement of the latest EU/IMF bailout package, further China tightening, damage...
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FOREX, COMMODITIES, STOCKS OUTLOOK May 12th: Cliff’s 2 Minute Drill 11:30 GMT
Wednesday, May 12, 2010 - 7:00am | 2042Stocks: Prior day: Asia, Europe, down US Mixed. Today: Asia, Europe upon a reaction bounce as Asian and European markets see modest bargain hunting despite significant lingering questions about the feasibility and enforcement of the latest EU/IMF bailout package, further China tightening, damage...
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Incyte Beats, Raises Guidance - Analyst Blog
Tuesday, May 11, 2010 - 11:45am | 650Incyte Corporation’s (INCY) first quarter fiscal 2010 loss per share came in at 30 cents compared to a loss of 41 cents reported in the year-ago period. However, excluding non-cash charge related to notes redemption, the company reported a loss of 27 cents per share, better than the Zacks...
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Company News for May 11, 2010 - Corporate Summary
Tuesday, May 11, 2010 - 9:30am | 197• Fluor (NYSE:FLR) reported better-than-expected first quarter earnings of 76 cents. Revenue was $4.9 billion, which fell shy of Street estimates of $5.1 billion. • Legg Mason (NYSE:LM) posted fiscal fourth quarter earnings, which were 4 cents better-than-expected, at 39 cents. Revenue was $671...
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MS Downgraded At Wells Fargo
Tuesday, May 11, 2010 - 7:18am | 41Analysts at Wells Fargo Securities downgrade Morgan Stanley (NYSE: MS) from "outperform" to "market perform." MS gained 4% to close at $28.86 yesterday. More Analyst Ratings here