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The Top Five Options Volume Leaders of the Morning
Tuesday, May 4, 2010 - 11:29am | 81Here are this morning's top options volume leaders... 1.) Citigroup (NYSE: C) 267,700 contracts, 73.2% calls, 26.8% puts 2.) Apple (NASDAQ: AAPL) 130,649 contracts, 61.2% calls, 38.8% puts 3.) Pfizer Inc (NYSE: PFE) 87,024 contracts, 84.3% calls, 15.7% puts 4.) Goldman Sachs (NYSE: GS) 73,707...
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Vanguard Joins Commission-Free ETF Party
Tuesday, May 4, 2010 - 10:37am | 173Vanguard has finally answered Charles Schwab's (NYSE: SCHW) attempt to gain brokerage clients by offering commission-free ETF trades. Schwab announced its deal in November for eight of its newly introduced ETFs and the commission-free deal will apply to new ETFs Schwab plans to introduce in the...
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Stock Market News for May 4, 2010 - Market News
Tuesday, May 4, 2010 - 9:30am | 481U.S. stocks rallied Monday, helped by a number of positive economic data and reports that European leaders and the International Monetary Fund had agreed to an aid plan worth about $146 billion for Greece. United Airlines’ plans to acquire Continental in a $3 billion all-stock deal also encouraged...
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Salesforce.com Upgraded ay Goldman Sachs
Tuesday, May 4, 2010 - 9:28am | 104Salesforce.com (NYSE: CRM) was upgraded to “Buy” over at Goldman Sachs (NYSE: GS) this morning. The company’s price target was raised to $102; the stock closed yesterday’s session at $87.72. Goldman believes that Salesforce.com should report better than expected earnings on May 16TH and is getting...
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Goldman Reports Shareholders' Lawsuits (GS)
Monday, May 3, 2010 - 7:05pm | 107Goldman Sachs (NYSE: GS) has made a disclosure regarding the shareholders’ lawsuits filed against it. The disclosure has been made in a filing with the U.S. Securities and Exchange Commission. According to Reuters, Goldman included copies of half a dozen shareholder complaints in the filing. The...
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Nomura Expands Its Horizons; Barron’s (NMR)
Monday, May 3, 2010 - 4:28pm | 105Nomura (ADR) (NYSE: NMR) hit the headlines with its purchase of the European and Asian operations of Lehman Brothers (OTC: LEHMQ). The company has benefited from the influx of talent with the acquisition. Barron’s has reported that 35 percent of Nomura’s senior managers are from outside Japan. The...
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Company News for May 3, 2010 - Corporate Summary
Monday, May 3, 2010 - 2:07pm | 164• UAL (NASDAQ:UAUA) and Continental Airlines (NYSE:CAL) agreed to a merger which would form the world's largest carrier, for a total market value of $3.2 billion. The deal still has to pass regulators • The cleanup of still-stewing oil spill in the Gulf could cost as much as $14 billion • ...
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Stock Market News for May 3, 2010 - Market News
Monday, May 3, 2010 - 2:07pm | 445U.S. stocks closed sharply lower on the last trading day of the month after investors decided to pull money out of the market, worried by reports of a criminal investigation against Goldman Sachs. At least two firms, prompted by reports of the criminal probe, cut their ratings on the investment...
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Goldman Sachs Maintains Neutral Rating On Clorox (CLX, GS)
Monday, May 3, 2010 - 12:16pm | 133In a client note released today, Goldman Sachs (NYSE: GS) analysts said that they are maintaining their Neutral rating and price target on shares of Clorox (NYSE: CLX). The company reported earnings this morning prior to the opening bell. The analysts wrote that "we expect a muted stock reaction in...
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Matt Taibbi: The Feds v Goldman Sachs
Monday, May 3, 2010 - 11:15am | 1277From the man who coined Goldman Sachs (GS) the "vampire squid wrapped around the face of humanity" ... we have Matt Taibbi's latest take via Rolling Stone. Again, let it be said that some of the best work on our financial oligarchy is being done by a guy in a music magazine. That tells you what...
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Goldman Sachs Ups Estimates for the Oil Services Sector
Monday, May 3, 2010 - 9:11am | 128Goldman Sachs (NYSE: GS) is upping estimates across the board for Oil Services names this morning, saying that, as a whole, the sector has 18% upside. Individual names such as Halliburton (NYSE: HAL), Encso International (NYSE: ESV), and Transocean (NYSE: RIG) each have upside price targets 30-60%...
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Merger Arbitrage Mondays – May 03, 2010
Monday, May 3, 2010 - 7:45am | 4751We saw twice as many Merger and Acquisition announcements last week when compared to the prior week with six new deals announced. One deal closed and CKE scrapped the THL deal to accept Apollo’s takeover bid for $12.55 per share. The deal that closed was the acquisition of Techwell (TWLL) by...
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Markets Optimistic About Job Reports (GS, KFT, CSCO, PFE)
Monday, May 3, 2010 - 7:20am | 136The US markets will be awaiting April’s job numbers and other economic indicators this week. The stocks are expected to receive a fillip from these data as the reports are likely to be optimistic. However, the market is still fraught with concerns over mounting Greece problem and the Goldman Sachs...
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Top 5 Stocks In The Investment Brokerage- Regional Industry With The Highest Market Capitalization (JEF, RJF, GHL, SF, NITE)
Monday, May 3, 2010 - 7:11am | 173Below are the top 5 regional investment brokerage stocks on the NASDAQ and the NYSE in terms of market cap. Jefferies Group Inc (NYSE: JEF) has a market capitalization of $5.47 billion. JEF’s quarterly earnings grew by 93.20% y/y. Raymond James Financial Inc (NYSE: RJF) has a market capitalization...
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Goldman Sachs (GS) Should Not Be Blamed For The Losses Of Its Clients Says Buffett
Sunday, May 2, 2010 - 11:47am | 270Warren Buffett defended Goldman Sachs (NYSE: GS) on Saturday, during Berkshire Hathaway’s (NYSE: BRK.A) annual meeting in Omaha. Goldman Sachs has been sued by the SEC for defrauding investors. According to the Wall Street Journal, defending the bank, Buffett said that it had not been involved in...