-
Market Roundup (ERIC, CHL, CHU, BAIRY.PK, CSCO, BBY, C, MS)
Monday, March 29, 2010 - 3:12pm | 289Ericsson (NASDAQ: ERIC) has signed a $1 billion deal with China Mobile (NYSE: CHL) to provide a radio access network and technology and an $800 million deal with China Unicom (NYSE: CHU) to provide a faster, third-generation network to consumers. The cabin-crew union of British Airways (OTC: BAIRY...
-
The Government’s Mortgage Modification Program May Hurt The Bottom Line Of The Banks In The Financial ETF
Monday, March 29, 2010 - 2:21pm | 2492“Citigroup (NYSE: C) announced on Thursday that it would join the government’s program to modify second mortgages, following Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), JP Morgan Chase & Co (NYSE: JPM) and others, as the housing market appears to be at the beginning of a second...
-
Goldman Sachs Upgrades Precision Castparts (PCP)
Monday, March 29, 2010 - 1:28pm | 174Goldman Sachs (NYSE: GS) released a bullish research report on Precision Castparts Corp. (NYSE: PCP) today. The firm upgraded the stock to Buy from Neutral with a price target of $153. The analysts wrote that the shares are "a must-own when production rates are increasing." According to Goldman (GS...
-
Market Update – Ford (NYSE:F), General Electric (NYSE:GE), Citigroup (NYSE:C), Apple (NASDAQ:AAPL), Morgan Stanley (NYSE:MS)
Monday, March 29, 2010 - 11:10am | 993Lets start with some American economic news. Reports from the Commerce Department indicate that personal income levels remained unchanged last month, however consumer spending still rose 0.3% inFebruary. Experts had expected a 0.1% increase in American income. On the European front, there’s...
-
Market Update – Ford (NYSE:F), General Electric (NYSE:GE), Citigroup (NYSE:C), Apple (NASDAQ:AAPL), Morgan Stanley (NYSE:MS)
Monday, March 29, 2010 - 11:10am | 977Lets start with some American economic news. Reports from the Commerce Department indicate that personal income levels remained unchanged last month, however consumer spending still rose 0.3% inFebruary. Experts had expected a 0.1% increase in American income. On the European front, there’s...
-
Atlantic Equities Positive On GS’ Q1 Results
Monday, March 29, 2010 - 10:38am | 118Analysts at Atlantic Equities maintain their "overweight" rating on Goldman Sachs (NYSE: GS). Atlantic Equities expects GS to report healthy Q1 results. “We’d expect solid revenues in credit, mortgages and rates, and client hedging and risk management activities, particularly given the...
-
Treasury Yields Are Fulfilling Greenspan’s “Canary In The Mine” View (MS)
Monday, March 29, 2010 - 9:57am | 469In a March 26 interview on Bloomberg Television, former Federal Reserve Chairman Alan Greenspan said that higher yields are the “canary in the mine”. The increases in yields reflect concern over “this huge overhang of federal debt which we have never seen before,” he said. According to a survey of...
-
Company News for March 29, 2010 - Corporate Summary
Monday, March 29, 2010 - 9:31am | 184• Boeing (NYSE:BA) officials on Sunday said the Dreamliner's load test showed initial results were positive • Apollo Group (NADAQ:APOL) posted better than expected fiscal second quarter earnings of 84 cents a share, ahead of Zacks projections of 81 cents, on inline revenues of $1.07 billion • ...
-
Brian Kelly Has A Short Position In AA, ACH, FCX And GS
Friday, March 26, 2010 - 10:19pm | 163Brian Kelly said on CNBC's Fast Money that the market is extended right now and it will probably move lower. He even thinks that the jobs report that we are expecting on Friday is already priced in. Brian Kelly is looking to trade on the short side, and he already has a short position in Alcoa Inc...
-
M&A Activity Up By 18% In First-Quarter (GS, AIG, SLB, SII)
Friday, March 26, 2010 - 11:22am | 320According to data by Thomson Reuters, M&As are up by 18% worldwide in the first-quarter. M&A activity received a boost from the growing appetite for deals of emerging market companies and takeovers in the energy sector. Compared with the last quarter of 2009; however, deal making fell 16...
-
KBW Announces Changes to KBW Regional Banking Index (KRX)
Friday, March 26, 2010 - 11:17am | 497Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announces upcoming changes to the KBW Regional Banking Index (Index Symbol: KRXSM, ETF Symbol: KRESM). Effective prior...
-
Reduce Your Risk In The Initial Public Offering Market With This IPO ETF
Thursday, March 25, 2010 - 7:56pm | 2056“Everybody loves the romance of an IPO — a company going public with the potential to deliver huge profits to those investors on the ground floor. But the reality of initial public offerings are very different than the storybook version some traders believe. Trying to research these tiny upstarts...
-
Market Update – Citigroup (NYSE:C), General Electric (NYSE:GE), Bank of America (NYSE:BAC), Apple (NASDAQ:AAPL), JP Morgan Chase (NYSE:JPM)
Thursday, March 25, 2010 - 11:46am | 1122To start our market update, there’s some good news on the unemployment front in America. First time jobless claims in the United States dropped by 14,000 last week, to 442,000 total. The number is above what economists had predicted for the market, as they were expecting the initial unemployment...
-
Market Update – Citigroup (NYSE:C), General Electric (NYSE:GE), Bank of America (NYSE:BAC), Apple (NASDAQ:AAPL), JP Morgan Chase (NYSE:JPM)
Thursday, March 25, 2010 - 11:46am | 1122To start our market update, there’s some good news on the unemployment front in America. First time jobless claims in the United States dropped by 14,000 last week, to 442,000 total. The number is above what economists had predicted for the market, as they were expecting the initial unemployment...
-
Top 5 Mid-Cap Stocks In The Asset Management Industry With The Highest Sales Growth Estimates For The Current Quarter (BX, LAZ, JNS, WDR, EV)
Thursday, March 25, 2010 - 7:12am | 256Below are the top mid-cap asset management stocks on the NYSE and the NASDAQ in terms of sales growth estimates for the current quarter. The Blackstone Group (NYSE: BX) is likely to achieve 1,211.2% sales growth in the March quarter. Analysts at Oppenheimer upgraded BX from “perform” to “outperform...