-
AMTD To Gain From Consolidation and Growth In Online Trading
Monday, March 8, 2010 - 11:11am | 65Analysts at Gabelli initiate coverage of TD AmeriTrade(NASDAQ: AMTD) with a "buy" rating. According to Gabelli, AmeriTrade's profits are likely to increase 20% annually over the next 4 years due to gains from consolidation and growth in online trading. AMTD’s shares gained 1.00% to $18.27 at 9:47...
-
Company News for March 8, 2010 - Corporate Summary
Monday, March 8, 2010 - 10:40am | 206• AIG (NYSE:AIG) is reportedly close to a deal to sell its international unit, Alico, to MetLife (NYSE:MET) for $15.5 billion in cash and stock • Toyota Motor (NYSE:TM) president expects the auto-maker's North American sales could recover in March • The Bank of NY Mellon (NYSE:BK) agreed to...
-
Top 5 Large Cap NYSE Stocks With The Highest Cash (BCS, GS, C, JPM, MS)
Monday, March 8, 2010 - 9:25am | 254Below are the top five large cap stocks on the NYSE in terms of cash. Barclays Plc (NYSE: BCS) had $1.20 trillion of total cash in the most recent quarter. BCS had total debt of $436.162 billion in the same period. Read more about this company here. Goldman Sachs Group Inc (NYSE: GS) had $751.57...
-
Gainers And Losers In The Financial Sector On March 5 (AIG, TRH, COF, AXP, MA, DFS, JPM, WFC, GS, BAC, C)
Monday, March 8, 2010 - 9:07am | 349The financial sector had its share of losers and gainers on Friday. Among the clear gainers was American International Group (NYSE: AIG), which announced that day that it had received a favorable ruling from the Internal Revenue Service on a tax issue. The resolution of the tax issue is likely to...
-
Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 31
Monday, March 8, 2010 - 8:55am | 2020Year 3, Week 31 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 66.5% (v 80.6% last week) 18 long bias: 22.1% (v 12.1% last week) 6 short bias: 12.4% (v 7.3% last week) [Includes 1 'long dollar' position...
-
US Companies Increase Their Cash Cushion (MS, PM, HD, LOW)
Saturday, March 6, 2010 - 8:48pm | 172US companies are deleveraging their financial structure. According to a report released by Morgan Stanley (NYSE: MS), the companies have increased their cash balance to approximately 30% of their debt in the fourth quarter. The figure stood at 25% in the third quarter. Morgan Stanley (MS) has based...
-
JP Morgan (JPM) Closer To JV In China
Friday, March 5, 2010 - 7:00pm | 263JP Morgan (NYSE: JPM) has long wished for having a joint-venture in China’s securities market. It’s Asia-Pacific CEO, Gaby Abdelnour, told his employees in a town hall meeting that they are closer to that goal. The U.S. banking giant has identified a partner, and may sign the deal as early as next...
-
Tribune Creditors Sue Banks That Arranged The Company’s Buyout In 2007 (JPM, BAC, MS)
Friday, March 5, 2010 - 5:49pm | 111Creditors of publisher Tribune Co. have sued the banks, which arranged the company’s leveraged buyout in 2007. The lawsuit claims that the $8 billion in loans arranged by the banks led Tribune to bankruptcy. The banks facing the lawsuit include JP Morgan (NYSE: JPM), Morgan Stanley (NYSE: MS),...
-
Goldman Sachs (GS) VIP List of Top Hedge Fund Holdings
Friday, March 5, 2010 - 1:19pm | 1198Today is going to be Goldman Sachs (GS) day at FMMF - from their nearly perfect forecasting of monthly labor data (magically adjusting their figures 24 hours before it is released each month to "hit it on the nail"), to their new foray into buying warehouses so they can corner obtain more...
-
Company News for March 5, 2010 - Corporate Summary
Friday, March 5, 2010 - 10:25am | 277• Marvell Tech (NASDAQ:MRVL) swung to a fourth quarter profit on strength in its new communication chips. Adjusted earnings jumped to 40 cents a share, up from last year's five cents, on revenues that rose 64% to $842.5 million. Results topped the firm's earlier forecast of 33-39 cent results on $...
-
Asia Higher Again : We were stopped out of our $GS Short
Friday, March 5, 2010 - 8:30am | 689Asia once again was higher overnight. Japan's Nikkei 225 advanced 2.2% to 10,368.96, with Australia's S&P/ASX 200 rising 0.4%, China's Shanghai Composite adding 0.3%, Hong Kong's Hang Seng Index and South Korea's Kospi gaining 1% each, and Taiwan's Taiex expanding 1.3%. We cant seem to get...
-
Gainers And Losers In The Financial Sector On March 4 (C, BAC, JPM, WFC, MS, GS, BBT, FITB, MTB)
Friday, March 5, 2010 - 8:10am | 375The financial sector had its share of losers and gainers yesterday. Among the clear gainers was Citigroup (NYSE: C), which shot up after the company’s CEO Vikram Pandit appeared on Capitol Hill to testify before a congressional panel on government bailout funds. He thanked the US government and...
-
Treasury Sells Bank Of America (BAC) Warrants For $1.57 Billion
Thursday, March 4, 2010 - 7:08pm | 125Bloomberg reports that the sale of bailout warrants of Bank of America (NYSE: BAC) raised more than $1.5 billion for U.S. taxpayers in the biggest auction of such securities by the Treasury Department. The 150.4 million Group A warrants were priced at $8.35 each, compared with the minimum bid of $...
-
Traders Should Run The World (NYSE:GS), (NYSE:USO), (NYSE:C)
Thursday, March 4, 2010 - 4:57pm | 408Economists and analysts have had opinions for as long as one can remember. To my knowledge very few analysts and economists have been correct in predicting problems in the economy or in stock prices. If they made effective calls they would have accurately predicted the 2000 and the 2007 stock...
-
Bookkeeping: Adding More Individual Shorts
Thursday, March 4, 2010 - 12:15pm | 794It's times like these with the Russell 2000 up 15 of the past 17 sessions, and all intraday pullbacks lasting at most half an hour before buyers rush in when it feels like the market is incapable of going down. Perhaps the powers that be will make it so, I don't know. Even Goldman Sachs (GS) is...