-
U.S. Markets To Face A Tough May (GS)
Saturday, May 1, 2010 - 11:51am | 118The U.S. stock market had a good month; however, it seems to be on a shaky ground in May. According to MarketWatch, stocks beat a hasty retreat during the latter part of the month. Kevin Mahn, portfolio manager at SmartGrowth Mutual Funds, told MarketWatch, “Many investors are still not convinced...
-
The Big Picture for the Week of May 2, 2010
Saturday, May 1, 2010 - 8:01am | 808A point I have been trying to make for many months now is that there will be more shoes to drop. Put another way, it does not make sense to expect the worst financial whatever to wrap up like a normal cyclical event in just one year or even two. The stock market has clearly had a heroic rally in...
-
Fast Money Crew Says Stay Away From Goldman (GS)
Friday, April 30, 2010 - 10:37pm | 131On CNBC, the Fast Money crew was extremely bearish on shares of Goldman Sachs (GS). The Fast Money gang believes that shares will continue to drop over the next few weeks. Pete Najarian said that he "would not spend my time trying to pick the bottom in Goldman." Guy Adami believes that shares will...
-
Guy Adami Recommends Jefferies (JEF)
Friday, April 30, 2010 - 8:25pm | 160On CNBC's Fast Money, traders spoke about Goldman Sachs (NYSE: GS) and the problems this investment bank is facing. While things are bad for Goldman (GS), Jefferies Group, Inc. (NYSE: JEF) is doing just fine. Guy Adami believes that if you are looking for a trade in the financial sector you should...
-
This ETF Could Quadruple At The Cost Of Goldman, Citigroup, And Other Financial Institutions
Friday, April 30, 2010 - 4:46pm | 162“Last week, I said that despite accusations of fraud against Goldman Sachs (NYSE: GS), I suspected it would “still land on its feet like a cat.” Even the grilling it got at the hands of self-serving(...)Read the rest of This ETF Could Quadruple At The Cost Of Goldman, Citigroup, And Other Financial...
-
Goldman Sachs (GS) Earnings Improve
Friday, April 30, 2010 - 4:43pm | 309Goldman Sachs (GS) Earnings Improve I recently wrote about exiting a Goldman Sachs (GS) position because the earnings expectations were falling weekly leading up to an earnings release. Well let’s state for the record that selling a Goldman position before a government criminal probe is something...
-
Cantor Fitzgerald Raises Price Target For KBW, Inc. (KBW)
Friday, April 30, 2010 - 4:07pm | 98Analyst Michael Diana at Cantor Fitzgerald has released an update on KBW, Inc. (NYSE: KBW). The company has reported its first-quarter results. KBW reported first-quarter EPS of $0.32, beating consensus of $0.22. Capital markets revenue was up by an impressive 218% in the quarter. Cantor...
-
Top Narrow Based Indexes for April 30 (CSTR, DNDN, CYD)
Friday, April 30, 2010 - 1:55pm | 265U.S. stocks are down, pressured by the energy and financial sectors and a criminal probe into Goldman Sachs (NYSE: GS), along with worries of the oil spill in the Gulf of Mexico. By 12:46 pm, the Dow Jones Industrial Average was down 69 points, or 0.62%, to 11,098.32, while the broader Standard...
-
The SPDR Gold ETF (NYSE:GLD) Adds Another Six Tons To Holdings
Friday, April 30, 2010 - 1:55pm | 237“Gold prices Friday hit a new high for 2010 as investors bought gold as a safety net against ballooning European debt. Gold for June delivery was adding $7.80 to $1,176.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Friday has traded as high as $1,178.50 and...
-
Stocks Lower On Financial Reform Uncertainty (GS, AMTD)
Friday, April 30, 2010 - 1:50pm | 139NEW YORK (TheStreet) -- Stocks retreated Friday as the market weighed first-quarter economic growth of 3.2% and sought more clarity on financial regulation legislation currently being debated in Washington. The Dow Jones Industrial Average was down by 68 points, or 0.6%, to 11,099. The S&P 500...
-
When Volatility Spikes, Short It! (GS, VXX)
Friday, April 30, 2010 - 1:35pm | 215As I'm writing this piece the Dow Jones Industrial Average is currently down 102 points and financials are reeling after news that federal prosecutors have begun a criminal investigation into Goldman Sachs (NYSE: GS). Naturally, the CBOE Market Volatility Index (VIX) is spiking as investors seek...
-
Goldman Shares Take Another Blow
Friday, April 30, 2010 - 11:16am | 108Shares of Goldman Sachs Group Inc (NYSE: GS) fell 8.20% to $147.10 in early trading today, as the firm continued to be plagued by troubles. Reports of federal prosecutors contemplating whether to charge GS or its staff of criminal fraud gave another blow to the Wall Street titan, which is already...
-
Goldman Shares Take Another Blow
Friday, April 30, 2010 - 11:15am | 108Shares of Goldman Sachs Group Inc (NYSE: GS) fell 8.20% to $147.10 in early trading today, as the firm continued to be plagued by troubles. Reports of federal prosecutors contemplating whether to charge GS or its staff of criminal fraud gave another blow to the Wall Street titan, which is already...
-
Stock Market News for April 30, 2010 - Market News
Friday, April 30, 2010 - 9:30am | 507Stocks rose for a second straight day, led by financial shares, as investors shrugged off European debt concerns and parsed some strong earnings numbers for signs of an improving economy. A Labor Department report suggesting layoffs are beginning to slow also added to investors’ confidence and...
-
Company News for April 30, 2010 - Corporate Summary
Friday, April 30, 2010 - 9:30am | 203• Bank of America (NYSE:BAC) lowered its rating on Goldman Sachs (NYSE:GS) to "neutral" from "buy" and cut the price target to $160 from $230, citing today's news of a criminal probe • Endo Pharmaceuticals (NASDAQ:ENDP) posted a first quarter one-penny miss as earnings of 74 fell just short of...