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BioScrip Revenues Slide - Analyst Blog
Thursday, March 4, 2010 - 11:58am | 755BioScrip Inc. (BIOS) reported fourth-quarter earnings of 99 cents per share, including the impact of items such as the reversal of deferred tax valuation allowance of $41.1 million, expenses of $1.8 million associated with the pending acquisition of Critical Homecare Solutions Inc. and $4.3...
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Goldman (GS) Top Dog in M&A in 2009
Thursday, March 4, 2010 - 10:48am | 210Bloomberg is reporting today that Goldman Sachs (NYSE: GS) led merger activity again in 2009. Merger activity fell to $1.8 trillion last year, its lowest level since 2003, a 27 percent drop from $2.5 trillion in 2008. Bankers aren’t betting on a return anytime soon to the deal making that pushed M...
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We want to fade $GS here at the open.
Thursday, March 4, 2010 - 10:31am | 438We think we can get a nice pull back over the next few days in financials. GS looks like a nice fade. Lets short it here at $159.00. We would put a stop on this at $162.50. Looking for a target of around $155 or lower. May take profits quicker depending on market conditions. There is going to be...
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Company News for March 4, 2010 - Corporate Summary
Thursday, March 4, 2010 - 10:08am | 313• Pfizer (NYSE:PFE) led DJIA stocks on the downside yesterday after Medivation (NASDAQ:MDVN) said its experimental treatment for Alzheimer's, Dimebon, developed with Pfizer, failed to show desired results in late-stage trials • Anheuser-Busch InBev (NYSE:BUD) posted adjusted earnings of 55 cents a...
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Top Stocks In the Financial Sector With The Highest Net Income (JPM, BAC, BRK-A, GS, WFC)
Thursday, March 4, 2010 - 9:28am | 251Below are the top financial stocks on the NYSE and NASDAQ in terms of net income. JP Morgan Chase & Co (NYSE: JPM) had net income of $15.37 billion in the most recent quarter. JPM had $640.49 billion in total debt in the same period. Read more about this company here. Bank of America...
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Gainers And Losers In The Financial Sector On March 3 (GS, MS, BAC, JPM, C, SNV, WFC)
Thursday, March 4, 2010 - 8:11am | 271The financial sector had its share of losers and gainers yesterday. Among the losers was Goldman Sachs (NYSE: GS), which fell 0.65% after Rochdale Securities analyst Dick Bove slashed his 2010 earnings estimates for the company. Bove commented late Tuesday that GS’ first-quarter results may be...
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China had a big drop over night. $BIDU $GS
Thursday, March 4, 2010 - 8:01am | 714Asian markets were lower overnight. Japan's Nikkei 225 finished down 1.1%, South Korea's Kospi slipped 0.3%, Australia's S&P/ASX 200 rose 0.3%, Hong Kong's Hang Seng Index dropped 1.4%, China's Shanghai Composite fell 2.4% and Taiwan's Taiex declined 0.8%. Financials should be moving today...
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Benzinga’s Top Upgrades (RJF, AZO, WCG, INAP, YSI)
Wednesday, March 3, 2010 - 2:25pm | 257Raymond James Financial Inc (NYSE: RJF) was upgraded by Maxim Group from “hold” to “buy.” RJF’s shares added 1.20% to $26.98 at 11:37 a.m. RJF’s 52-week trading range is $10.54-$27.31. Read more about this company here. Wedbush Morgan upgraded AutoZone Inc (NYSE: AZO) from “underperform” to “...
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We would like to fade $PCLN here.
Wednesday, March 3, 2010 - 11:54am | 496We know we have been getting beat up on our short trades the last few days, however we think we can score a few points here. We are shorting PCLN at $239.25. We are going to keep a tight stop on this at $242.50. Once again the risk reward looks good. Risking $3.25 points for a potential of $5- $7...
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Bookkeeping: Short Greenhill & Company (GHL)
Wednesday, March 3, 2010 - 11:17am | 500At this point it is difficult to short anything, and whatever is to be shorted cannot be on fundamental reasons since some of what I consider the most troubled sectors of the economy are the areas roaring the most. So it is not like 2007 or 2008 where you can say "the consumer is shot" and go...
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Company News for March 3, 2010 - Corporate Summary
Wednesday, March 3, 2010 - 10:22am | 179• Costco (NASDAQ:COST) reported fiscal second quarter earnings of 70 cents a share, one cent below Zacks projections, revenues of $18.36 billion, which also missed Zacks estimates of $18.48 billion • Joy Global (NASDAQ:JOYG) reported better-than-expected earnings of 73 cents, versus Zacks estimates...
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Dick Bove Cuts His Estimates On Goldman Sachs (GS)
Tuesday, March 2, 2010 - 7:08pm | 125Noted financial analyst Dick Bove, of Rochdale Securities, appeared on Fast Money tonight and said that he had cut his Q1 earnings estimates for Goldman Sachs (NYSE: GS) from $4.88 to $3.99. Bove believes that the bank will be hurt by a slowdown in trading activity. For full year 2010, Bove is...
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Google Acquires Picnik (GOOG, MS)
Tuesday, March 2, 2010 - 5:37pm | 148Internet search giant Google (NASDAQ: GOOG) has agreed to buy online photo-editing site Picnik. This is Google’s (GOOG) third acquisition in as many weeks. Picnik is expected to work in collaboration with Google’s web photo sharing service Picasa. Picnik lets its users edit their digital photos...
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Sara Lee To Buy Back $500 Million In Shares (SLE, GS)
Tuesday, March 2, 2010 - 2:52pm | 129Sara Lee Corp. (NYSE: SLE) has entered into an agreement with Goldman Sachs Group, Inc. (NYSE: GS) to buy back $500 million of its shares on an accelerated basis, as it moves to use the funds from the sale of its household and body-care businesses. This repurchase will reduce the company’s...
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Company News for March 2, 2010 - Corporate Summary
Tuesday, March 2, 2010 - 10:49am | 234• Qualcomm (NASDAQ:QCOM) raised its dividend 12% to 19 cents and announced plans to buy back $3 billion in shares • Fresh Del Monte Produce (NYSE:FDP) beat estimates with fourth quarter earnings of 36 cents a share, two cents above projections, on $872.1 million in revenues, which beat expectations...