-
Company News for March 22, 2010 - Corporate Summary
Monday, March 22, 2010 - 10:02am | 202• AIG (NYSE: AIG) former CEO Greenberg reached a deal with UBS (NYSE: UBS) to sell most of his shares in AIG, an estimated 10 million shares, for $278.2 million • Kimberly-Clark (NYSE: KMB) said it continues to see full-year earnings of $4.80-$5.00 • FBR raised its rating on Waddell & Reed (...
-
Healthcare Stocks Set To Perform Well, Says Legg Mason’s (LM) Miller
Monday, March 22, 2010 - 8:01am | 325Bill Miller, chief investment officer at Legg Mason (NYSE: LM), expects U.S. healthcare stocks to perform well over the coming few months. Miller believes that with uncertainty over legislation for reforming the sector now over, healthcare stocks should see a strong performance. On Sunday, a long...
-
Is the EUR/USD on its Way Towards a New Low?
Monday, March 22, 2010 - 2:44am | 1857Is the EUR/USD on its Way Towards a New Low? After two weeks in which the Euro saw a bullish correction against the Dollar, the EUR/USD pair seems on its way downwards. The pair is currently trading around the 1.3515 level, and a drop of 100 pips will mark a year low. Will it take place later on in...
-
Is the EUR/USD on its Way Towards a New Low?
Monday, March 22, 2010 - 2:44am | 1857Is the EUR/USD on its Way Towards a New Low? After two weeks in which the Euro saw a bullish correction against the Dollar, the EUR/USD pair seems on its way downwards. The pair is currently trading around the 1.3515 level, and a drop of 100 pips will mark a year low. Will it take place later on in...
-
Many Banks Still Not Paying Back Any TARP Funds
Monday, March 22, 2010 - 12:36am | 435During the last month, I had two friends call me to say hat their banks had lowered their credit cards limits to their current balances. One of them told me that he had called up his bank to ask for a credit line increase and they told him that they couldn't give him an increase but would actually...
-
Ascendere Associates LLC Long/Short Focus List: March 19, 2010
Sunday, March 21, 2010 - 11:03pm | 1979(A pdf of this report is available here.) We are taking our proven methodology used to rebalance the Ascendere Long/Short Model Portfolio of 80-100 stocks on a monthly basis, and using it to generate weekly trading ideas. While introducing some noise, it is also uncovering some good stocks. For...
-
BTIG Hong Kong Ltd. Snags A Goldman Sachs Executive (GS)
Sunday, March 21, 2010 - 8:34pm | 147BTIG Hong Kong Ltd. has appointed Jesse Lentchner as its new Asia-Pacific Chief Executive Officer. He will be responsible for the firm’s operations in Hong Kong, Australia and Singapore. He is expected to join the Asian firm in June. Jesse Lentchner was formerly with Goldman Sachs Group Inc. (NYSE...
-
Market Update – Boeing (NYSE:BA), Citigroup (NYSE:C), Palm (NASDAQ:PALM), Wells Fargo (NYSE:WFC)
Friday, March 19, 2010 - 10:16am | 967The concerns over the Greece debt situation are having an effect on the Euro’s trading price. The EU’s currency is having its worst week since January of this year. Investors have reacted conservatively after news that the Balkan state seems likely to seek a bailout from either the Eurozone or...
-
Market Update – Boeing (NYSE:BA), Citigroup (NYSE:C), Palm (NASDAQ:PALM), Wells Fargo (NYSE:WFC)
Friday, March 19, 2010 - 10:16am | 967The concerns over the Greece debt situation are having an effect on the Euro’s trading price. The EU’s currency is having its worst week since January of this year. Investors have reacted conservatively after news that the Balkan state seems likely to seek a bailout from either the Eurozone or...
-
Company News for March 19, 2010 - Corporate Summary
Friday, March 19, 2010 - 9:00am | 264• Perry Ellis (NASDAQ:PERY) posted fiscal fourth quarter earnings a nickel above estimates at 64 cents versus a loss of $1.58 a year ago, on revenues of $196.4 million, slightly under estimates of $198.91 million. The retailer said it sees fiscal 2011 earnings of $1.25 to $1.40 • According to the...
-
Stock Market News for March 19, 2010 - Market News
Friday, March 19, 2010 - 9:00am | 391Even as data suggested the economy is improving at a slow but gradual pace, investors were reluctant to buy stocks as potential policy changes and fresh signs of trouble in Greece kept sentiments jittery. However, the Dow average rose for an eighth straight day, its longest winning run since...
-
No SNB In Sight
Friday, March 19, 2010 - 4:46am | 581G10 Advancers and Decliners vs USD EUR -0.13 CHF -0.27 GBP -0.34 JPY -0.35 • SNB Policy Board Member Danthine sank the EURCHF when he stated that consumers need to prepare now for a return to higher rates and market defined FX-rates (later backtracked). EURCHF 1.4380...
-
Federal Judge Rules Theflyonthewall.com Misappropriated Investment Bank Recommendations (MS, BCS)
Thursday, March 18, 2010 - 9:39pm | 129A federal judge ruled today that financial news site, Theflyonthewall.com misappropriated "time-sensitive recommendations," of several investment banks, including Barclays (NYSE: BCS), Merrill Lynch, and Morgan Stanley (NYSE: MS). The web site had disseminated analyst ratings changes sometimes...
-
Bank on Texas with Texas Capital Bancshares (NASDAQ:TCBI)
Thursday, March 18, 2010 - 1:38pm | 1002The black cloud hanging over the financial services sector for much of the past two years is beginning to evaporate. Financial stocks rallied recently, and wise investors are giving the sector a fresh look. We’ve discussed the financial sector at length, noting that successful stock-picking...
-
Bank on Texas with Texas Capital Bancshares (NASDAQ:TCBI)
Thursday, March 18, 2010 - 1:38pm | 1002The black cloud hanging over the financial services sector for much of the past two years is beginning to evaporate. Financial stocks rallied recently, and wise investors are giving the sector a fresh look. We’ve discussed the financial sector at length, noting that successful stock-picking...