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BMO Capital Markets Adjusts Trading Assumptions For E-Trade (EFTC)
Tuesday, April 6, 2010 - 11:23am | 140In a research note released today, analysts at BMO Capital Markets said that they are adjusting their trading assumptions for E-Trade (NASDAQ: ETFC) after talking to a number of non-public brokers. The firm said that they are raising their March discount brokerage trading assumptions up to 10%-14%...
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Market Roundup – Las Vegas Sand Corp (NYSE:LVS), Bank of America (NYSE:BAC), Pfizer (NYSE:PFE), Intel (NASDAQ:INTC), Massey Energy (NYSE:MEE)
Tuesday, April 6, 2010 - 11:22am | 1250The Fed is releasing the minutes from its March meeting later this afternoon at 2 o’clock Eastern. Investors will then pour over the language used to describe the economy and, from this, determine whether the Fed plans to adjust interest rates in the future. As always when it comes to Bernake’s...
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Market Roundup – Las Vegas Sand Corp (NYSE:LVS), Bank of America (NYSE:BAC), Pfizer (NYSE:PFE), Intel (NASDAQ:INTC), Massey Energy (NYSE:MEE)
Tuesday, April 6, 2010 - 11:22am | 1250The Fed is releasing the minutes from its March meeting later this afternoon at 2 o’clock Eastern. Investors will then pour over the language used to describe the economy and, from this, determine whether the Fed plans to adjust interest rates in the future. As always when it comes to Bernake’s...
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Company News for April 6, 2010 - Corporate Summary
Tuesday, April 6, 2010 - 9:30am | 221• Massey Energy (NYSE:MEE) shares continued lower this morning in pre-market trade, off nearly 6%, following yesterday's mining disaster in which at least 25 West Virginia miners were killed. However, Jefferies (NYSE:JEF) reiterated its "buy" rating on the shares • Microsoft (NASDAQ:MSFT) announced...
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Top 5 Stocks In The Financial Sector With Highest Cash (BCS, GS, JPM, MS, C)
Tuesday, April 6, 2010 - 7:14am | 162Below are the top 5 financial stocks in terms of cash. Barclays plc (NYSE: BCS) had $1250 billion in cash in the latest quarter. BCS’ quarterly earnings are 181.70% y/y. Goldman Sachs Group Inc (NYSE: GS) had $751.5 billion in cash in the latest quarter. GS’ trailing-twelve-month operating margins...
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Australia Raises Key Interest Rate to 4.25%
Tuesday, April 6, 2010 - 2:00am | 569G10 Advancers and Decliners vs USD JPY 0.31 GBP -0.39 CHF -0.40 EUR -0.40 The Reserve Bank of Australia this morning increased its benchmark interest rate to 4.25%, the fifth increase in as many as six meetings. AUDUSD was trading higher after the news and posted an...
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Australia Raises Key Interest Rate to 4.25%
Tuesday, April 6, 2010 - 2:00am | 569G10 Advancers and Decliners vs USD JPY 0.31 GBP -0.39 CHF -0.40 EUR -0.40 The Reserve Bank of Australia this morning increased its benchmark interest rate to 4.25%, the fifth increase in as many as six meetings. AUDUSD was trading higher after the news and posted an...
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Barron’s; Credit Suisse Upbeat About Goldman Sachs And Charles Schwab (CS, GS, MS, BX, SCHW, STT)
Monday, April 5, 2010 - 4:02pm | 148In a recent report released by Credit Suisse (NYSE: CS), the bank has listed Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Blackstone (NYSE: BX) as its favorites. The report has stated the market volume improved during the first quarter, whereas investment banking continued to remain weak...
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Market Update – Apple (NASDAQ:AAPL), Citigroup (NYSE:C), Zales (NYSE:ZLC), Ford (NYSE:F)
Monday, April 5, 2010 - 11:33am | 1122Hope everyone enjoyed the holiday weekend! The market has reacted today to Friday’s positive job growth news by popping up early this morning, and the Dow continues to close in on 11,000. Pending home sales in America were also up for February, despite snowstorms shutting down much of the US...
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Market Update – Apple (NASDAQ:AAPL), Citigroup (NYSE:C), Zales (NYSE:ZLC), Ford (NYSE:F)
Monday, April 5, 2010 - 11:33am | 1122Hope everyone enjoyed the holiday weekend! The market has reacted today to Friday’s positive job growth news by popping up early this morning, and the Dow continues to close in on 11,000. Pending home sales in America were also up for February, despite snowstorms shutting down much of the US...
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Warren Buffett's Berkshire Becomes The Most Admired Firm In The US
Monday, April 5, 2010 - 9:49am | 337According to an article on CNBC, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) has come out as the most admired US company, as the world emerges from the financial crisis. The whole credit of this goes to BRK-A’s CEO, whose "humility and sense of accountability" has seen the company through...
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SF Cut By FBR Capital To MP
Monday, April 5, 2010 - 9:32am | 40Analysts at FBR Capital downgrade Stifel Financial (NYSE: SF) from “outperform” to “market perform.” Shares of SF closed at $53.99 yesterday. More Analyst Ratings here
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American International Group Skips Preference Dividend Payment (AIG, ETFC)
Monday, April 5, 2010 - 9:04am | 107American International Group (NYSE: AIG) has missed paying preferred stock dividend for four quarters. Consequently, the US government has appointed two new directors to its board. According to Marketwatch, these new directors are Former E-Trade (NASDAQ: ETFC) Financial chief executive Donald...
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Stocks To Watch On April 5
Monday, April 5, 2010 - 6:35am | 263Some of the shares that are expected to see active trading in today’s session are: Goldman Sachs reduced the rating for Research In Motion (NASDAQ: RIMM) to “sell” and lowered its target price to $65.00 per share. Intel (NASDAQ: INTC) announced that it had hiked the total pay of its Chief...
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Good Friday Market Update – Bank of America (NYSE:BAC), JP Morgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Citigroup (NYSE:C)
Friday, April 2, 2010 - 1:33pm | 875Not much news on this Good Friday for our Market Update, so in the spirit of the holiday weekend we ask that you, our loyal readers, forgive our abridged version of the market update. First in the news is the story that’s making everyone smile. According to the Labor Department, the United States...