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Keefe, Bruyette & Woods Lowers Estimates And Price Target For Piper Jaffray (PJC)
Thursday, April 22, 2010 - 11:21am | 110Analysts at Keefe, Bruyette & Woods have released an update on Piper Jaffray (NYSE: PJC). On Wednesday, the company reported its first-quarter results. Piper Jaffray’s first-quarter revenue was slightly ahead of estimates on the back of stronger investment banking and fixed income trading...
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ProShares and KBW Announce the Launch of the First Leveraged and Inverse Regional Banking ETFs
Thursday, April 22, 2010 - 10:41am | 151Bethesda, MD, April 22, 2010 — ProShares, the leading manager of leveraged and inverse ETFs, and KBW (NYSE: KBW), the largest full-service investment bank specializing in the financial services sector, announced today the launch of the first ETFs providing leveraged or inverse exposure(...)Read the...
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Stock Market News for April 22, 2010 - Market News
Thursday, April 22, 2010 - 9:30am | 472U.S. stocks ended a choppy session mixed Wednesday as traders appeared less enthusiastic to extend a rally that has put major indexes at multi-month highs. Healthcare shares fell after a number of companies from the sector cut their earnings outlook, saying the U.S. healthcare overhaul will hurt...
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Market Mirroring Goldman Sachs?
Thursday, April 22, 2010 - 8:04am | 634Mention Goldman Sachs (GS) and strong reactions follow. Some respect the ability of the firm to constantly make money in nearly every market environment. Others begin thinking of conspiracy theories and Goldman's many tentacles. Either way, GS is not the typical securities firm and has often been...
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Subpoena To Moody's Triggers Fall In Financials (MS, MCO, WFC, STT, HBAN, KEY, FITB, MI, ZION, CMA)
Thursday, April 22, 2010 - 7:37am | 305Financial stocks, which had moved up in early trading on upbeat results from Morgan Stanley (NYSE: MS), closed lower yesterday, after a congressional panel probing the financial crisis subpoenaed credit rating agency Moody's Corp (NYSE: MCO). MCO had allegedly failed to comply with a request for...
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Subpoena To Moody's Triggers Fall In Financials (MS, MCO, WFC, STT, HBAN, KEY, FITB, MI, ZION, CMA)
Thursday, April 22, 2010 - 7:36am | 305Financial stocks, which had moved up in early trading on upbeat results from Morgan Stanley (NYSE: MS), closed lower yesterday, after a congressional panel probing the financial crisis subpoenaed credit rating agency Moody's Corp (NYSE: MCO). MCO had allegedly failed to comply with a request for...
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Paulson Reassures Clients Again (GS)
Thursday, April 22, 2010 - 7:17am | 117For the second time this week, hedge fund manager John Paulson reassured his investors on his involvement in the Goldman Sachs (NYSE: GS) case. According to CNBC, he reassured clients that his dealings were open and transparent. An investor told CNBC that on being asked if he had been involved in...
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Schwab Plans 3 New Bond ETFs
Thursday, April 22, 2010 - 5:35am | 149Charles Schwab (NYSE: SCHW), which has accumulated $1 billion in ETF assets after just five months in the game, has announced plans to expand its ETF offerings by introducing three new bond ETFs. The new ETFs are the Schwab U.S. TIPS ETF, the Schwab Short-Term U.S. Treasury ETF and the Schwab...
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Warren Buffett’s Big Bets Continue To Pay Off
Thursday, April 22, 2010 - 1:14am | 420Any list of great CEO’s would not be complete without Warren Buffett. Buffett is the head of Berkshire Hathaway and the namesake for this blog. Berkshire Hathaway is the holding company for Geico, Dairy Queen, Nebraska Furniture Mart, Burlington Northern, and a number of subsidiaries. The Oracle...
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Cramer Likes Oil
Wednesday, April 21, 2010 - 6:13pm | 166On CNBC's Mad Money Stop Trading segment, Jim Cramer let investors know that he is a fan of the oil sector right now. Cramer is really bullish on cyclical plays like the oil drilling sector. “It is amazing to see this group, really breaking out.” Cramer likes Schlumberger (SLB) based on the...
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Top Narrow Based Indexes for April 21 (CYBS, ECPG, SHO)
Wednesday, April 21, 2010 - 3:47pm | 281US stocks were unsteady today after a rise of two days despite strong earnings from industry giants Apple Inc (NASDAQ: AAPL) and Morgan Stanley (NYSE: MS). At 12:32 p.m., Dow shed 30, or 0.27%, to 11,087.06, while the broader Standard & Poor's 500 index lost 6.74 or 0.56%. The Nasdaq composite...
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Good News for BioMarin - Analyst Blog
Wednesday, April 21, 2010 - 3:30pm | 526BioMarin Pharma Inc. (BMRN) announced recently that its product Firdapse (Amifampridine phosphate) for treating Lambert Eaton Myasthenic Syndrome (LEMS) is commercially available in the European Union. While the company has launched the product in Germany and the UK subsequent launches in other...
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Market Roundup (ZLC, AAPL, C, GS, AMR, BX)
Wednesday, April 21, 2010 - 3:27pm | 333Sources have stated that Citigroup (NYSE: C) is set to take advantage of "pent-up demand" by selling securities backed by 255 new mortgages, marking the first such sale in two years. The ratio of the original value of the mortgages to property value is 60.4%. Blackstone (NYSE: BX) is said to be...
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Benchmark Capital Says VMware Offers Enormous Upside (VMW)
Wednesday, April 21, 2010 - 3:09pm | 143According to a report released by Benchmark Capital today, VMWare (NYSE: VMW) offers "enormous upside." The firm has a BUY rating on the stock and a price target of $70. During today's trading session, the shares have gained 8.14% to $61.12 on very high volume. This stock was also upgrade by...
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Would Investors Rather Be Overweight The SPDR Gold ETF (NYSE:GLD) Or The SPDR S&P 500 ETF (NYSE:SPY) At The 1200 Mark
Wednesday, April 21, 2010 - 2:55pm | 211“Gold has certainly received a lot more attention from investors since the beginning of 2009. Last Wednesday, with gold near its high for 2010, precious metals consultancy GFMS said in its annual(...)Read the rest of Would Investors Rather Be Overweight The SPDR Gold ETF (NYSE:GLD) Or The SPDR S...