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Goldman Sachs' Outlook For Medical Technology (COV, EW)
Tuesday, April 20, 2010 - 1:41pm | 176In a report released today, Goldman Sachs (NYSE: GS) analysts' issued their outlook for the medical technology sector. They wrote that investors should continue to expect medical device pricing to come under pressure. The report states that "the key driver for medical device pricing, in our view,...
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Charles Schwab To Pay $200 Million To Settle Law-Suit (SCHW)
Tuesday, April 20, 2010 - 11:57am | 159Charles Schwab Corp. (NYSE: SCHW) has agreed to pay $200 million in a settlement for a federal class-action suit filed against it. The suit pertains to its YieldPlus ultra-short bond fund. However, the discount broker has not admitted liability. According to The Wall Street Journal, Charles Schwab...
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Raymond James Maintains Outperform Rating On TD Ameritrade Holding Corporation (AMTD)
Tuesday, April 20, 2010 - 11:30am | 90Analysts Patrick O’ Shaughnessy and Megan E. Repine at Raymond James have released an update on TD Ameritrade Corporation (NASDAQ: AMTD). TD Ameritrade reported its second-quarter results earlier today. The company reported EPS of $0.27, which was above analysts’ estimate of $0.23 and the...
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Jefferies Group Reports Better Than Expected Results, Stock Down (JEF)
Tuesday, April 20, 2010 - 11:22am | 99Jefferies Group (NYSE: JEF) released their quarterly earnings numbers prior to the opening bell this morning. The company reported net income of was $74.07 million or $0.36 per share, compared to $38.34 million or $0.19 per share in last year's corresponding quarter. Wall Street consensus was that...
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Goldman Sachs Off After Blockbuster Earnings
Tuesday, April 20, 2010 - 11:06am | 162Goldman Sachs Group (NYSE: GS) has been steadily falling since the opening bell this morning and is now trading lower on the session by 1.41% to $161.01. The company reported today that profits soared 91% to $3.46 billion during the first three months of the year, but those metrics continue to be...
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Jefferies Group (JEF) Shares Fall Nearly 7%
Tuesday, April 20, 2010 - 10:46am | 91Shares of Jefferies Group, Inc. (NYSE: JEF) were down nearly 7% on Tuesday morning after the securities and investment banking firm released its financial results. Jefferies Group reported that its 1st quarter net income rose to $74.1 million, or 36 cents per share, up from $38.3 million, or 19...
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GS Shares Soar As Q1 Profits Jump 91%
Tuesday, April 20, 2010 - 9:54am | 164Goldman Sachs (NYSE: GS) shares rose 1.74% in premarket trading immediately after the company reported a 91% jump in its first quarter profits. The company, which was rocked by fraud charges filed by the US Securities and Exchange Commission (SEC) on Friday, announced that its profits for the...
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Stock Market News for April 20, 2010 - Market News
Tuesday, April 20, 2010 - 9:45am | 555Easing worries about Goldman and strong profit numbers from Citigroup helped lift financial shares and the broader market even as speculation about possible changes to financial-industry regulations hovered over Wall Street. Stocks seesawed through afternoon as traders came to terms with the...
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Company News for April 20, 2010 - Corporate Summary
Tuesday, April 20, 2010 - 9:45am | 287• IBM (NYSE:IBM) posted first quarter earnings of $1.97 versus $1.70 a year earlier on a 5% revenue increase to $22.9 billion, beating Zacks EPS estimates of $1.94 and revenue projections of $22.8 billion. The firm also raised its full year guidance to at least $11.20 for the year, compared with...
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Trade Setups for April 20, 2010
Tuesday, April 20, 2010 - 9:34am | 177Futures have a bullish tone heading into the open as Goldman Sachs (GS) and IBM managed to report a solid earnings report. Also later today, you have Coca-Cola (KO), Apple (AAPL) and Yahoo (YHOO) that are reporting. At 7:45am ET you have the weekly ICSC Goldman Store Sales, followed by the...
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TD Ameritrade (AMTD) Reports 19% Increase In Second-Quarter Profit
Tuesday, April 20, 2010 - 9:23am | 117TD Ameritrade Holding Corp. (NASDAQ: AMTD) reported a 19% increase in second-quarter profit today. The company reported a profit of $162.6 million, or $0.27 per share in the second-quarter, compared with a profit of $132 million, or $0.23 per share it reported for the same period last year. Revenue...
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US Stock Futures Rise Marginally Even As GS Is Hit By A Fresh Investigation
Tuesday, April 20, 2010 - 8:46am | 356US stock market futures moved up slightly today, even as nervous investors absorbed reports of a fresh investigation into Goldman Sachs (NYSE: GS) just ahead of the results. While futures for the Dow Jones Industrial Average gained 11 points to 11055, those for the S&P 500 added 1.4 points to...
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Stocks To Watch On April 20 (GS, AAPL, KO, JNJ, YHOO)
Tuesday, April 20, 2010 - 8:28am | 186Goldman Sachs (NYSE: GS) expects to post its EPS at $4.01 for the latest quarter. GS’ shares have moved up by 2.56% to close at $167.50 in pre-market trading. Apple (NASDAQ: AAPL) is likely to announce its EPS at $2.44 for the second quarter. APPL’s shares are up 0.56% to close at $248.45 in the...
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Trade Setups for April 20, 2010
Tuesday, April 20, 2010 - 7:59am | 148Futures have a bullish tone heading into the open as Goldman Sachs (GS) and IBM managed to report a solid earnings report. Also later today, you have Coca-Cola (KO), Apple (AAPL) and Yahoo (YHOO) that are reporting. At 7:45am ET you have the weekly ICSC Goldman Store Sales, followed by the...
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Goldman Sachs (GS) Reports $3.46 Billion In First-Quarter Profit
Tuesday, April 20, 2010 - 7:21am | 150Goldman Sachs (NYSE: GS), which has been sued by the SEC for misleading investors, reported its first-quarter results today. The bank reported a profit of $3.46 billion in the first-quarter. Diluted EPS came in at $5.59, compared with $3.39 reported for the same period last year. Net revenue in...