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Markets Fight Back, Refusing To Be Down Two Straight Days
Thursday, April 8, 2010 - 12:09pm | 517The markets are slightly lower for the second day in a row. Global jitters are showing themselves again with Greece. At 8:30am ET, Jobless Claims were released. They showed a jump to 460,000. Expectations were for 442,000. This negative news did not have a major impact on the markets. Overall...
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Calls Sold in Morgan Stanley
Thursday, April 8, 2010 - 10:26am | 148Morgan Stanley (NYSE: MS) has run higher this week, along with much of the financial space, but may be topped out for the short term as I am detecting call selling on the April $31 call strike. This option was sold on the bid 10,000 times for $0.20 a short while ago. This action echoes the put...
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Economic News – Hot Topic (NASDAQ:HOTT), United Airlines (NASDAQ:UAUA), US Airways (NYSE:LCC), Bank of America (NYSE:BAC), American International Group (NYSE:AIG)
Thursday, April 8, 2010 - 10:24am | 1289The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week. After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy. Economists had...
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Economic News – Hot Topic (NASDAQ:HOTT), United Airlines (NASDAQ:UAUA), US Airways (NYSE:LCC), Bank of America (NYSE:BAC), American International Group (NYSE:AIG)
Thursday, April 8, 2010 - 10:24am | 1289The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week. After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy. Economists had...
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High Yielding Stocks That Analysts Recommend
Thursday, April 8, 2010 - 9:58am | 432According to an article in TheStreet, complacency could put an end to the growth in the stock market that has rallied in 2010. Traders can gain a margin of safety by buying dividend paying stocks. The three high-yielding stocks that are recommended by a majority of the analysts as "buy" are:...
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Company News for April 8, 2010 - Corporate Summary
Thursday, April 8, 2010 - 9:30am | 243• General Motors announced a $4.3 billion, post-bankruptcy loss in the second half of 2009, as revenue reached $57.5 billion • Bed Bath and Beyond (NYSE:BBBY) posted better-than-expected fiscal fourth quarter earnings of 86 cents a share, up from Zacks estimates of 73 cents, on revenues of $2.24...
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Top 5 Stocks In The Financial Sector With The Highest Cash (BCS, GS, JPM, MS, C)
Thursday, April 8, 2010 - 6:27am | 175Below are the top 5 financial stocks in terms of cash. Barclays plc (NYSE: BCS) had $1257.11 billion cash in the latest quarter. BCS’ debt liabilities in the same period stood at $660.62 billion. Goldman Sachs Group Inc (NYSE: GS) had $751.57 billion cash in the latest quarter. GS’ debt liabilities...
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Could Larry Summers Be Leaving?
Wednesday, April 7, 2010 - 3:44pm | 1815I found the reason for the selloff - it appears Larry Summers is throwing a temper tantrum and took his finger off the "buy SPY futures" button at any sign of weakness. Rut Roh Raggy - looks like Larry's ego is being hurt and he doesn't want to play house anymore. Obama and Timmy Geither [Oct 15,...
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Sandler O'Neill Diversified Investment Bank Outlook (MS, GS)
Wednesday, April 7, 2010 - 11:52am | 161Analysts at Sandler O'Neill released a research report today for the diversified investment banking sector. The report indicates that investment banking volumes lagged in the first quarter of 2010, but the outlook going forward looks positive. The analyst wrote "while the first quarter was weak, we...
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News and the Market – Citigroup (NYSE:C), Toyota (NYSE:TM), Ford Motors (NYSE:F), Las Vegas Sand Corp (NYSE:LVS)
Wednesday, April 7, 2010 - 11:38am | 1353The Dow has continued to hover around the 11,000 mark, but have yet to break through. The Dow, NASDAQ and S&P are down slightly to start the day (at the time of writing). Crude oil prices are down as well, after hitting a 17-month high yesterday. Yesterday, the Federal Reserve released the...
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News and the Market – Citigroup (NYSE:C), Toyota (NYSE:TM), Ford Motors (NYSE:F), Las Vegas Sand Corp (NYSE:LVS)
Wednesday, April 7, 2010 - 11:38am | 1353The Dow has continued to hover around the 11,000 mark, but have yet to break through. The Dow, NASDAQ and S&P are down slightly to start the day (at the time of writing). Crude oil prices are down as well, after hitting a 17-month high yesterday. Yesterday, the Federal Reserve released the...
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Company News for April 7, 2010 - Corporate Summary
Wednesday, April 7, 2010 - 9:30am | 290• Family Dollar (NYSE:FDO) posted fiscal second quarter earnings of 81 cents a share, which beat Zacks estimates of 77 cents, on inline revenues of $2.09 billion. The firm said it sees third-quarter earnings of 71 cents to 76 cents a share • MSC Industrial (NYSE:MSM) posted fiscal second quarter...
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Bove Is Bullish on Banks (XLF)
Tuesday, April 6, 2010 - 6:44pm | 222Rochdale Securities analyst Dick Bove is bullish on three major banks. On CNBC's Fast Money, Bove suggested that investors get long Citigroup (C), Goldman Sachs (GS), and the Bank of New York (BK) ahead of earnings. He believes that these three banks will report strong quarterly earnings and are...
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Monster Worldwide Downgraded To “Sell” (GS, MWW, YHOO)
Tuesday, April 6, 2010 - 4:58pm | 120Goldman Sachs (NYSE: GS) has downgraded Monster Worldwide (NYSE: MWW) to “Sell” rating. The job site earlier had “Neutral” rating. According to Reuters, Goldman Sachs has also slashed the target price from $18 to $14. Monster Worldwide is at risk of losing its market share to competitors. The...
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A Volume Wasteland As Markets Reach For The Sky
Tuesday, April 6, 2010 - 12:05pm | 416The markets gapped slightly lower today on a stronger dollar. The dollar inched up overnight as word came of more Greece issues. It has truly been amazing that other countries so far have not voiced any problems. Italy, Spain, Portugal and others are obviously on the list of problem countries but...