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Market Update – Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Comcast (NASDAQ:CMCSA), WellPoint (NYSE:WLP)
Wednesday, April 28, 2010 - 10:24am | 1377Continuing fears about the debt situation in Greece and Portugal caused stocks in Europe and Asia to fall yesterday; investors continue to perceive these countries’ situations as too risky. According to Citigroup (NYSE: C) executives, as the debt situation worsens many Greek banks are in danger of...
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Stock Market News for April 28, 2010 - Market News
Wednesday, April 28, 2010 - 9:30am | 648U.S. stocks dropped sharply on Tuesday as fears that a deepening debt crisis in Europe would stall a global economic recovery overshadowed solid earnings reports and Goldman’s testimony on the Hill. The Dow average plunged more than 200 points as Standard & Poor’s downgraded Greece’s credit...
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Goldman A $200 Stock: Bove (GS)
Wednesday, April 28, 2010 - 8:45am | 166Rochdale Securities banking analyst Richard Bove told CNBC Wednesday morning that Goldman Sachs (NYSE: GS) is a $200 stock and that investors should own it. Bove's thesis is simple: Goldman's problems are over after Tuesday's marathon Senate hearings and the stock is set to rise because the SEC...
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Energy ETF Could Bounce From Here
Wednesday, April 28, 2010 - 8:06am | 186Due to the Greece/Portugal debt problems and the Goldman Sachs (NYSE: GS) grilling on Capitol Hill, risk appetite has declined this week and that of course means bad news for oil prices and related equities. That said, the Energy Select Sector SPDR (NYSE: XLE) might be an appealing trade from the...
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ETFs To Watch April 28, 2010 (DTO, UUP, GLD, EWZ)
Wednesday, April 28, 2010 - 6:59am | 187Here is the ETF Professor's ETF Watch List for Wednesday April 28, 2010. With Goldman Sachs (NYSE: GS) still on the front burner, continue to watch the Financial Select Sector SPDR (NYSE: XLF) and the UltraShort Financials ProShares (NYSE: SKF). With emerging markets getting thrashed, watch the...
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Goldman Sachs (GS) and Morgan Stanley (MS) Are Stocks To Watch
Tuesday, April 27, 2010 - 10:44pm | 71The Fast Money traders discussed investment banks on CNBC's Fast Money. Zach Karabell picked up shares of Goldman Sachs at the $153 level. Guy Adami believes that $150 is the test level for Goldman. He thinks if shares hold $150 the stock is safe. If it drops below $150 then the shares are in...
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Waters Corp. Matches Estimates - Analyst Blog
Tuesday, April 27, 2010 - 5:15pm | 405Waters Corporation (WAT) reported first quarter 2010 earnings per share from continuing operations of 78 cents, matching the Zacks Consensus Estimate. First quarter 2010 sales were $368 million, an increase of 10% from sales of $333 million in the first quarter of 2009. On a currency neutral basis...
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Follow the Leader: Goldman Sachs’ Top 15 Stock Holdings (AAPL, BAX, CSCO, DG, EDMC, EEM, GS, IWM, JNJ, JPM, MSFT, ORCL, PEP, PG, SPY, XOM)
Tuesday, April 27, 2010 - 4:26pm | 789Wall Street, bent but not broken, rumbles on in search of new profits. Vulture investing is back in vogue again. Risk is being reintroduced into the systems. Wall Street firms generate enormous profits by continuing to take risks when the government and taxpayers provide an implicit, if not...
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Stericycle Makes Another Acquisition To Retain Its Lead In Market
Tuesday, April 27, 2010 - 4:16pm | 167Analysts at Northcoast Securities maintain their "buy" rating on Stericycle Inc (NASDAQ: SRCL). The target price for SRCL is set to $68. Stericycle has recently acquired Winona, Minnesota-based Sure Way Systems (SWS). “SWS owns and operates an autoclave treatment facility and the Mayo Clinic is one...
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Investment Banking Sector Appears Undervalued (SF, TWPG, GS, MS)
Tuesday, April 27, 2010 - 4:11pm | 304In an article on Seeking Alpha, Chad Brand said that the deal between Stifel Financial (NYSE: SF) and Thomas Weisel Partners (NASDAQ: TWPG) caught his attention. Yesterday SF inked a deal to purchase its investment banking rival for about $7.60 per share in stock, representing a premium of about 70...
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Goldman Executives Appear Well Versed In Art Of Opacity, Evasiveness (GS)
Tuesday, April 27, 2010 - 3:05pm | 187Current and former executives of Goldman Sachs' (NYSE: GS) mortgage department, including the now infamous "Fabulous Fab" Tourre, are testifying in front of the Senate's Permanent Subcommittee on Investigations today. The testimony has been going on for hours now, and many of the questions are...
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Inventory In The SPDR Gold ETF (NYSE:GLD) Reaches A New All Time High
Tuesday, April 27, 2010 - 2:54pm | 240“The gold price Tuesday was reversing earlier losses and was retaking the $1,160-an-ounce area. Standard & Poor’s slashed Greece’s sovereign credit rating to junk and lowered Portugal’s long term(...)Read the rest of Inventory In The SPDR Gold ETF (NYSE:GLD) Reaches A New All Time High...
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Goldman Sachs (GS) Said To Have Been In Other Mortgage Deals
Tuesday, April 27, 2010 - 2:42pm | 429Goldman Sachs’ (NYSE: GS) legal problems continued unabated on Tuesday as it prepares itself for a Senate hearing. In this hearing, Goldman is expected to defend its actions during the housing crisis. According to the New York Times, Monday saw Senate investigators claim that Goldman Sachs’ complex...
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Morning Market Update (DSW, NOK, POAHF.PK, GS, CAL, UAUA)
Tuesday, April 27, 2010 - 12:21pm | 275Footwear retailer DSW (NYSE: DSW) estimates that its Q1 same-store sales will come in at 16%. The company has also raised its EPS guidance for the full year to $1.65-$1.75, from $1.35-1.45. Nokia (NYSE: NOK) has unveiled details of its first Symbian 3 phone. The phone is aimed at winning back...
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Another Mortgage Deal By Goldman Sachs (GS) Under Scanner
Tuesday, April 27, 2010 - 10:58am | 276Ahead of today’s hearing over Goldman Sachs’s (NYSE: GS) alleged role in selling securities backed by subprime mortgages fraudulently to investors in the run up to the financial crisis, the investigating Subcommittee released emails by the bank’s officials that criticized a complex $1 billion...