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ETFs To Watch April 19, 2010 (IAI, UUP, BGZ, EFU)
Monday, April 19, 2010 - 4:49am | 228Here is the ETF Professor's ETF Watch List for Monday April 19, 2010. Play the Goldman Sachs (NYSE: GS) fallout with the SPDR KBW Capital Markets ETF (NYSE: KCE), the iShares Dow Jones Broker-Dealers ETF (NYSE: IAI) and the Financial Select Sector SPDR (NYSE: XLF). Play falling oil prices from the...
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Did John Paulson’s Role With Goldman Sachs (NYSE: GS) Create An Artificial Bull Market In The SPDR Gold ETF (NYSE: GLD)?
Sunday, April 18, 2010 - 9:35pm | 209“Gold Prices fell at their fastest pace in 13 months late Friday in London, sinking 1.9% inside 3 hours as news of US government charges against Goldman Sachs (NYSE: GS) spooked investors holding shares in the huge SPDR Gold Trust (NYSE: GLD). The single largest investor in the SPDR Gold Trust (...
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What the Trader Is Expecting in the Coming Week: Shaking Off The Blues
Sunday, April 18, 2010 - 1:40pm | 116It was a week loaded with drama. April expiration is behind us, earnings season has begun, the Dow Jones Industrial Average (DJIA) surpassed the 11,000 mark, and the Securities and Exchange Commission (SEC) charged Goldman Sachs Group (GS) with fraud related to the structuring and marketing of...
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Goldman Sachs (GS) Under The Scanner In Germany And U.K.
Sunday, April 18, 2010 - 12:12pm | 103Bloomberg reports that following the lawsuit filed by the SEC on Friday against Goldman Sachs (NYSE: GS), the Wall Street giant now faces a regulatory probe in U.K. and is being scrutinized in Germany. Gordon Brown, the British Prime Minister, has called on the Financial services Authority to...
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Gold: Euro, China and Goldman Sachs
Saturday, April 17, 2010 - 3:43pm | 1885By Dian L. Chu, Economic Forecasts & Opinions Gold fell the most in two months as the SEC’s action against Goldman Sachs (GS) spurred investors rushing out of riskier commodities and into perceived safer assets such as the U.S. dollar. Futures for June delivery slid 2% in one day to $1,136.90...
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Google (GOOG) Gets Upgraded
Saturday, April 17, 2010 - 4:15am | 168On a day of nothing but negative news about Goldman Sachs (GS), there was some good news coming out of Goldman Sachs. Goldman Sachs kept Google (GOOG) on its conviction buy list. Goldman believes that Google’s 1st quarter "results showed the strength and pro-cyclicality of its franchise as US...
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Goldman Sachs (GS) Is Just The First
Saturday, April 17, 2010 - 3:01am | 177Now that Goldman Sachs (GS) is in the crosshairs of the SEC, what other companies might soon face increased scrutiny? Bank of America (BAC) may also face a fraud investigation because of two firms acquired during the crisis: Countrywide and Merrill Lynch. According to Dutch bank Cooperatieve...
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Goldman Made ABN Amro And IKB Lose $1 Billion (GS)
Friday, April 16, 2010 - 6:14pm | 124Goldman Sachs led two big European banks to lose almost $1 billion. According to The Securities And Exchange Commission, the banking giant misled two European banks, ABN Amro and IKB, into buying potentially risky collateralized debt obligations. The CDOs turned toxic within months and IKB lost...
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Buffett’s Warrants On Goldman Sachs (GS) Drop by $1.02 Billion
Friday, April 16, 2010 - 6:13pm | 114According to Bloomberg, Warren Buffet’s warrants to buy Goldman Sachs (NYSE: GS) shares dropped by $1.02 billion following the lawsuit filed by the SEC against the Wall Street firm. The warrant on Goldman Sachs, which gives Warren Buffet’s Berkshire Hathaway (NYSE: BRK.A) the right to buy Goldman...
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Asian Currencies Are A Risky Bet Says Goldman Sachs (GS)
Friday, April 16, 2010 - 5:47pm | 403Bloomberg reports that according to Goldman Sachs Group Inc. (NYSE: GS), buying Asian currencies is a “more risky” investment after many of the Asian currencies strengthened above or close to the levels witnessed before the financial crisis. Michael Buchanan, chief Asia-Pacific economist at Goldman...
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Dick Bove Says Goldman Still A Buy, Blankfein Or Viniar May Have To Go (GS)
Friday, April 16, 2010 - 5:02pm | 117Noted Rochdale Securities analyst Dick Bove, has released a note saying that he thinks Goldman Sachs (NYSE: GS) is still a BUY, but that CEO Lloyd Blankfein or CFO David Viniar may not survive this scandal. He thinks that the company will be forced to offer up a scapegoat. It really is amazing how...
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SCHW’s 2010 Earnings May Suffer If The Fed Does Not Raise Rates
Friday, April 16, 2010 - 4:41pm | 167Analysts at Raymond James maintain their "market perform" rating on The Charles Schwab Corporation (NASDAQ: SCHW). According to Raymond James, although Charles Schwab missed earnings estimates for Q1, “it was a fair quarter for the company.” “Specifically, earnings were consistent with previous...
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Afternoon Market Update Goldman (NYSE: GS), Best Buy (NYSE: BBY), General Electric Co (NYSE: GE), Boston Scientific (NYSE: BSX)
Friday, April 16, 2010 - 4:39pm | 325The Securities and Exchange Commission has today charged Goldman Sachs Group (NYSE: GS) with defrauding investors. The SEC has alleged that GS created and sold opaque collateralized-debt obligations, or CDOs, that were dependent on the performance of subprime-mortgage-backed securities. According...
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Goldman Denying All Charges (GS)
Friday, April 16, 2010 - 4:29pm | 144It appears that Goldman Sachs (NYSE: GS) is going to fight the civil fraud charges brought against them today by the SEC. The firm has released a statement after the closing bell which basically denies any wrongdoing and substantially contradicts the allegations made by the SEC. The stock lost 12....
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Charles Schwab Corporation (SCHW) Is A Buy; Barron’s
Friday, April 16, 2010 - 4:06pm | 140According to a report by Barron’s, despite posting disappointing first-quarter results, Charles Schwab Corporation (NYSE: SCHW) is a Buy. On Thursday, the company reported first-quarter net income of $119 million, or $0.10 per share, a 19% drop from the same period last year. Revenue was down by...