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Volume Talks Wednesday March 10: Two Option Ideas on One Hot Stock
Thursday, March 11, 2010 - 10:32am | 3236Today I am going to introduce my new breakout report which will also include stocks which traded the session lower on heavier volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you...
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Company News for March 11, 2010 - Corporate Summary
Thursday, March 11, 2010 - 10:18am | 194• BP (NYSE:BP) plans to pay Devon Energy (NYSE:DVN) $7 billion for assets in Brazil, the Gulf of Mexico and Azerbaijan • United Technologies (NYSE:UTX) announced that its board authorized buying back up to 60 million shares of its common stock, worth $3.4 billion at current levels • Goldman Sachs (...
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Michael Farr Prefers JPMorgan & Goldman Sachs: CNBC (JPM, GS)
Thursday, March 11, 2010 - 8:27am | 131Michael Farr, president of Farr, Miller & Washington, told CNBC that the U.S. economy is showing good signs of recovery. Farr said that the companies are consistently improving their balance sheets. He said, “…but I’m limiting my ownership to just a couple and I’m staying underweight banks...
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Mixed Asia: Will Be Managing Positions $GS $WYNN
Thursday, March 11, 2010 - 8:13am | 768Asian was mixed. Japan's Nikkei Stock Average of 225 companies advanced 1% to 10664.95, Hong Kong's Hang Seng Index inched up 0.1%, Taiwan's Taiex lost 0.4%, South Korea's Kospi shed 0.3% and Australia's S&P/ASX 200 slipped 0.1%. Among Chinese stock benchmarks, the Shanghai Composite rose 0.1...
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Banks Advised To Halt Dividend Increase Plans (JPM, GS)
Wednesday, March 10, 2010 - 4:50pm | 106US regulators have advised banks not to increase dividends, or buy back shares. Major banks such a s JPMorgan Chase & Co. (NYSE: JPM), and Goldman Sachs (NYSE: GS) had expressed their intention to pay back to their investors. However, these plans are likely to be put on a hold now. Various...
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Stocks That Created New 52-Week Highs (BGCP, BIIB, BMRN, BJRI, BRCM)
Wednesday, March 10, 2010 - 3:51pm | 249BGC Partners Inc (NASDAQ: BGCP) shares added 2.42% to create a new 52-week high of $5.92.Analysts at Keefe Bruyette initiated coverage of BGCP with a “market perform” rating. Read more about this company here. Biogen Idec Inc (NASDAQ: BIIB) shares gained 1.35% to $58.62, creating a new 52-week...
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Lindsay Lohan Suing E*Trade
Wednesday, March 10, 2010 - 1:59pm | 202Famous celebrity, Lindsay Lohan, has filed a suit against E*Trade (ETFC) for $100 million because she claims that she has suffered pain and suffering from the portrayal of a baby named Lindsay on one of E*Trade's 'babies commercials'. The ad appeared during the Super Bowl. Lohan wants $50 million...
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Airline Shares Rise After UBS Raises Target Prices (AMR, DAL, CAL, UAUA)
Wednesday, March 10, 2010 - 1:58pm | 179U.S. airline stocks rose for a second straight day after UBS (NYSE: UBS) raised its target price on several carriers, and Jesup & Lamont Securities forecast a smaller first-quarter loss for Delta Air Lines, Inc. (NYSE: DAL). UBS increased its target prices for American Airlines parent AMR Corp...
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Entering Two New Shorts : $GS $WYNN
Wednesday, March 10, 2010 - 11:08am | 413We are going to fade both GS and WYNN here. $170.75 and $70.50. Both of them are above the round numbers and we could see some profit taking. We know our short trades have been killing us lately but market seems way overbought in the short term and would certainly expect some back filling here....
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Company News for March 10, 2010 - Corporate Summary
Wednesday, March 10, 2010 - 10:28am | 189• Facet Biotech (NASDAQ:FACT) agreed to its purchase by Abbott Labs (NYSE:ABT) for $722 million or $27 per share. • American Eagle Outfitters (NYSE:AEO) announced plans to shutter all 28 Martin & Osa stores. The company is due to report results today, with fourth quarter earnings of 33 cents...
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Asian Markets Mixed. Keeping an eye on $GS, $FSLR $WYNN
Wednesday, March 10, 2010 - 8:15am | 801Asian Markets were mixed overnight. In Tokyo, Japan's Nikkei Stock Average of 225 companies ended flat and the broader Topix index fell 0.2%. Hong Kong's Hang Seng Index and Australia's S&P/ASX 200 finished flat after moving in and out of positive territory during the session. South Korea's...
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Trader Insight! Understanding The Markets and the Next Move!
Tuesday, March 9, 2010 - 11:35pm | 575To truly understand the markets, one must think the opposite of the average investor or trader. When it comes to the total volume in the market, more than 90% is generally from institutions. When it comes to the total number of market participants, 95% of them are the average investors or traders...
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Eaton Vance Is Latest Mutual Fund Firm To Give Actively Managed ETFs A Try
Tuesday, March 9, 2010 - 3:20am | 188Mutual fund issuer and asset manager Eaton Vance (NYSE: EV) has become the latest player from the mutual fund business to signal its intent to become involved with actively managed after filing plans with the SEC to launch five actively managed ETFs focusing on the investment-grade U.S. debt market...
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Barron’s Says That BCE (BCE) Most Appealing Among North American Telecoms
Monday, March 8, 2010 - 4:08pm | 202Barron’s reports that Canada’s BCE, Inc. (NYSE: BCE) is a better bet among North American telecom players than the United States’ AT&T (NYSE: T), and Verizon Communications, Inc. (NYSE: VZ). With a market value of C$23 billion, and 2009 revenue of C$17.7 billion, BCE booked an EBITDA of C$7...
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Citigroup’s (C) Shedlin To Join Morgan Stanley (MS)
Monday, March 8, 2010 - 3:50pm | 106Bloomberg reports that Gary Shedlin of Citigroup, Inc. (NYSE: C), will be departing to join Morgan Stanley (NYSE: MS), according to unofficial reports. He joined Citigroup in 2004. Shedlin, 46, was most recently chairman of Citigroup’s investment-banking effort for financial institutions, focusing...