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Coca-Cola (NYSE:CCE) Beats Forecasts, 3M Company (NYSE:MMM) Revenue Jumps, and Ford (NYSE:F) Swings To $2.1 Billion Profit
Tuesday, April 27, 2010 - 10:33am | 1015Ford Motor Company (NYSE:F) announced on Tuesday morning that it beat consensus Wall Street estimates. Ford Motor reported that it swung to a 1st quarter profit of $2.1 billion, 50 cents per share, from a loss of $1.4 billion, or 60 cents per share, a year earlier. According to a survey of...
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Stock Market News for April 27, 2010 - Market News
Tuesday, April 27, 2010 - 9:30am | 471U.S. stocks started a busy earnings week on a dull note as worries about financial reform and Greece’s lingering debt concerns hit the broader market. Caterpillar’s (NYSE:CAT) strong earnings report and a flurry of corporate deals gave an initial lift to stocks but financial concerns sent the...
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Daily Futures Commentary April 27, 2010
Tuesday, April 27, 2010 - 8:53am | 543April 27, 2010 Weaker Euro, British Pound Driving Down Demand for Riskier Assets Stock indices, gold and crude oil are all expected to open lower due to lower demand for higher yielding assets. The weaker Euro and British Pound are helping to spread fear and uncertainty around the markets this...
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US Stock Market Remained Lukewarm Yesterday
Tuesday, April 27, 2010 - 5:53am | 325US stocks had a lukewarm showing yesterday, as two opposing results prevented either news to make a full impact on the market. While Caterpillar Inc (NYSE: CAT) and Whirlpool Corp (NYSE: WHR) gave upbeat results, while the government announced its plans to start divesting from Citigroup Inc (NYSE:...
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Jefferies May Offer First ETF Tied VIX Futures
Tuesday, April 27, 2010 - 4:47am | 160Jefferies (NYSE: JEF), the boutique investment bank that is a fairly new entrant to the ETF game, has filed plans to launch an ETF tied VIX volatility futures. The volatility index or "VIX," is a gauge of investor fear that typically rises as equities fall. The Jefferies ETF will trade futures...
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ETFs To Watch April 27, 2010 (FXA, SKF, RXL, XLI)
Tuesday, April 27, 2010 - 2:49am | 228Here is the ETF Professor's ETF Watch List for Tuesday April 27, 2010. With earnings reports from DuPont and 3M (NYSE: MMM) coming in before the bell, watch the Industrial Select Sector SPDR (NYSE: XLI). Keep an eye on the Financial Select Sector SPDR (NYSE: XLF) with financial reform in the news...
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3 Stocks For Long Term Investors
Tuesday, April 27, 2010 - 1:33am | 3881. AK Steel (AKS) has dropped quite a bit over the last few weeks. The steelmaker has shed almost 25% of its value since April 6th. Shares have dropped due to increasing iron ore prices and a sketchy forecast for the next two quarters. It may take a few quarters for shares to rebound but the...
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Gold ETF (NYSE:GLD) Options With Enhanced Leverage and Managed Risk
Monday, April 26, 2010 - 9:33pm | 216On the 8th of December 2009, we wrote an article exposing what we thought was an excellent opportunity for option traders. Gold was correcting from its end of year rally to $1225 and many(...)Read the rest of Gold ETF (NYSE:GLD) Options With Enhanced Leverage and Managed Risk Copyright 2010...
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Headlines From Citigroup and Goldman Sachs Put Pressure On Financial ETFs
Monday, April 26, 2010 - 6:02pm | 181Shares of the Financial Select Sector SPDR exchange-traded fund (NYSE: XLF) , which tracks the financial stocks of the Standard & Poor’s 500 Index, closed down 1.56%. The announcement of the(...)Read the rest of Headlines From Citigroup and Goldman Sachs Put Pressure On Financial ETFs...
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Options Action Heats Up in E*Trade
Monday, April 26, 2010 - 5:34pm | 181E*Trade Financial Corporation (NASDAQ: ETFC) reported its 11th straight quarterly loss last week, but the stock has climbed despite the news. It reached its highest level since September 21st of last year today, hitting $1.99 before pulling back and closing 1.58% lower on the session at $1.87....
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Stifel Financial To Buy Thomas Weisel (SF, TWPG)
Monday, April 26, 2010 - 3:22pm | 120Stifel Financial Corp. (NYSE: SF) has announced the purchase of Thomas Weisel Partners Group Inc. (NASDAQ: TWPG). The deal is likely to be worth about $318 million and will be paid through stock. The deal will also help Stifel in expanding its investment banking operation. According to...
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Market Roundup (VZ, GOOG, STT, EMMS, GS, XOM, SPG, GGP, RIMM)
Monday, April 26, 2010 - 2:28pm | 349Verizon Wireless (NYSE: VZ) has turned off its plans to offer service for the Nexus One handset from Google (NASDAQ: GOOG). The change in plans signals that Verizon may be viewing GOOG as more of a competitor than a partner. However, the Nexus One site continues to announce the introduction of the...
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Morgan Stanley – (In) Sympathy for the Devil
Monday, April 26, 2010 - 1:14pm | 60With most current ire focused on Goldman Sachs, other similar financial service giants are down a bit in sympathy even though they have not been targeted by the SEC. Morgan Stanley (NYSE:MS) has been in earnings recovery mode since posting losses in fiscal Q4 of 2008 through Q2 of 2009 when the...
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Morgan Stanley Launches A Dedicated Lending Book In European ETFs
Monday, April 26, 2010 - 12:55pm | 166Morgan Stanley (NYSE: MS) announced today that it has launched a dedicated lending book for European ETFs (create-to-lend) across multiple issuers. This significant new development in the(...)Read the rest of Morgan Stanley Launches A Dedicated Lending Book In European ETFs Copyright 2010...
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Stifel Financial Acquiring Thomas Weisel For $300 Million
Monday, April 26, 2010 - 10:30am | 167San Francisco-based investment bank, Thomas Weisel Partners Group Inc (NASDAQ: TWPG), has agreed to be acquired by rival Stifel Financial Corp (NYSE: SF) in a stock only deal amounting to roughly $300 million. Under the deal, every TWPG share will be exchanged for 0.1364 shares of Stifel Financial...