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Chinese Economy, Possible Limits On Banks Drag U.S Stocks (XOM, CVX, MS, GS)
Monday, March 15, 2010 - 3:33pm | 138Oil retreated to $80 a barrel on Monday as speculations grew about the Chinese economy. Speculation mounted that China will restrict growth in order to curb rising inflation, which increased concerns about the demand for energy. Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE:...
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Feldstein and Goldman Sachs: Making A Case for the Euro
Monday, March 15, 2010 - 1:15pm | 1786By Dian L. Chu, Economic Forecasts & Opinions Former European Commission President Romano Prodi this week said the worst of Greece’s financial crisis is over and other European nations won’t follow in its path. The Sunday Telegraph also reported the European Union (EU) nations were preparing a...
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Bernstein Research Maintains Charles Schwab Corporation (SCHW) Market Perform Rating
Monday, March 15, 2010 - 10:24am | 183Bernstein Research analysts Brad Hintz, Vincent M. Curotto and Luke Montgomery maintained their Market Perform rating for shares of Charles Schwab Corporation (NYSE: SCHW), with a target price of $16. Although the analysts had a favorable view of long-term prospects for Charles Schwab Corporation,...
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Bidders For General Growth Properties (GGP) Look To Sovereign Wealth Funds For Support
Monday, March 15, 2010 - 9:17am | 288According to a report by the Financial Times, rival bidders for General Growth Properties, Inc. (NYSE: GGP) are looking to sovereign wealth funds (SWF) for financial support on the deal. General Growth Properties is the bankrupt owner of some of U.S’s biggest shopping malls. The bidders for the...
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Rating Agencies Will Respect Greece’s “Courageous” Plans; Trichet (GS)
Saturday, March 13, 2010 - 12:15am | 448Bloomberg reports that ECB President Jean-Claude Trichet said on Friday that the plan laid out by Greece to cut its deficit will win backing backing of both, investors and rating agencies. “At this stage my working assumption is the Greek government decision will be convincing,” Trichet told...
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Centerline Holding Enters Into An Agreement With Farkas (C, BAC, MS)
Friday, March 12, 2010 - 7:11pm | 165Centerline Holding Co. has signed a deal with prominent real-estate investor Andrew Farkas. Under the terms of the deal, Farkas will inject $100 million in new equity in the company. He will also assume $180 million worth of Centerline’s debt. Centerline Holdings is one of the biggest commercial...
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Schwab (SCHW) Shares Fall On Weak Forecast
Friday, March 12, 2010 - 5:05pm | 111Charles Schwab Corp. (NYSE: SCHW) forecasts as much as a 4 cent per share drop in Q1 profit from that in Q4, when it earned 14 cents per share. Analysts were expecting a Q1 profit of 15 cents per share. The company said that compensation and marketing investment costs will rise in the first-...
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How Have the High Priced Shares Performed?
Friday, March 12, 2010 - 3:17pm | 461Back 0n August 21, 2008, we published an article called Top High Priced Share Stocks, which listed all the stocks trading in excess of $100 a share, that had P/E ratios less than 20, PEG ratios less than 1, market caps above $15 billion, and all but one paid a dividend. Remember, this is just...
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SUPERVALU Inc. (SVU) Shares Surge On Buyout Rumors
Friday, March 12, 2010 - 3:01pm | 263Shares of SUPERVALU Inc. (NYSE: SVU) surged as much as 11% in trading on Friday as rumors about a possible leveraged buyout surfaced. The shares touched their highest level since June before retreating later in the day. The company runs grocery stores under several banners, which include Acme...
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Goldman (GS) is Golden
Friday, March 12, 2010 - 12:57pm | 126Despite being in the crosshairs of the federal government and facing populist outrage, Goldman Sachs (GS) shares continue to rise. Shares of Goldman Sachs are up over 1.5% crossing over $175 today as investors continue to bid the investment banking giant's shares higher. Goldman appears to have...
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"Mad Money:" Jim Cramer Believes Current Tech Rally Is Justified (FFIV, AKAM, JDSU, VMW, ORCL, IBM, AAPL, RIMM, ONNN, GS)
Friday, March 12, 2010 - 9:57am | 489CNBCs "Mad Money" TV show had Jim Cramer telling his viewers to change their skeptical stance on money-making trends of the market. In the show, he pointed to the stark differences between the tech rally happening today and the one that happened a year ago. He said that today's tech rally is all...
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Company News for March 12, 2010 - Corporate Summary
Friday, March 12, 2010 - 9:52am | 179• Aeropostale (NYSE:ARO) posted fourth quarter earnings after the close, which were below Zacks estimates of $1 at 99 cents on a 16.1% rise in revenues to $801 million versus estimates of $794 million. The firm also announced a 3-for-2 stock split and an increase in fiscal first quarter guidance • ...
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Bookkeeping: Restarting Braskem (BAK)
Thursday, March 11, 2010 - 2:15pm | 648We had a short 3 week estrangement with Brazilian chemical maker Braskem (BAK), leaving her Feb 24th, (she only wanted me for my attention, I only wanted her for her industrial exposure) but the stock looks ready to rumble again after doing nothing for a few weeks. In fact BAK is pulling off an...
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Bookkeeping: Closing Rackspace Hosting (RAX) and DragonWave (DRWI), Cut Some Seagate Tech (STX)
Thursday, March 11, 2010 - 1:38pm | 873I said entering the week, these are 2 positions I'd be monitoring, along with EnerNOC (ENOC) as they are the 3 weak links we had in the long side of the portfolio. I've culled Rackspace Hosting (RAX) twice this week, and said yesterday if I did not already have other shorts maxxed out, I'd be...
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Bookkeeping: Stopped Out of Greenhill & Co (GHL) Short
Thursday, March 11, 2010 - 10:52am | 395This short lasted longer than I imagined considering the market action... the irony is the first day in 2 weeks the S&P finally opens in the red, one of my shorts gets taken away. Oh mother market - you are so cruel. Greenhill & Co (GHL) jumped over my stop loss of $78.20 (entry was $76....