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Option Strategy For Amylin (AMLN)
Thursday, February 25, 2010 - 6:54pm | 131Amylin Pharma (NASDAQ: AMLN) is expected to get FDA approval for its new diabetes drug by March 5. The drug called ‘Exenatide once weekly’ is a highly anticipated diabetes medicine. According to a report released by Goldman Sachs (NYSE: GS), the drug has sales potential of more than $2 billion....
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Senator Charles Grassley Questions Goldman Sachs (GS) On Underwriting Fees From Build America Bonds
Thursday, February 25, 2010 - 5:39pm | 94According to Bloomberg, Senator Charles Grassley of Iowa has questioned Goldman Sachs (NYSE: GS) about the fees it collected from underwriting Build America Bonds. According to a Nov 27, 2009 Bloomberg report, Goldman charged a higher than the normal fees to underwrite Build America Bonds....
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Company News for February 25, 2010 - Corporate Summary
Thursday, February 25, 2010 - 10:42am | 173• HJ Heinz (NYSE:HNZ) beat Zacks estimates with fiscal third quarter results of 83 cents, ahead of Zacks estimates of 80 cents, on inline revenues of $2.68 billion • Newmont Mining (NYSE:NEM) sharply beat estimates with fourth quarter results of $1.13, well ahead of Zacks projections of 76 cents...
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Millipore Corporation (MIL) Looks For A Buyer
Wednesday, February 24, 2010 - 7:13pm | 128Millipore Corporation (NYSE: MIL), the supplier of drug-development equipment, is on a look out for a buyer after it received a $6 billion takeover offer from Thermo Fisher Scientific, Inc. (NYSE: TMO). The company has apparently approached even General Electric Company (NYSE: GE) in its efforts...
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Benzinga's Top ETF Decliners (FAZ, DTO, FXP, SCO)
Wednesday, February 24, 2010 - 5:44pm | 182Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) dropped 4.61% as financial stocks traded on the upside today. Wells Fargo & Company (NYSE: WFC) gained 1.36% today, while Morgan Stanley (NYSE: MS) spiked 2.5%. PowerShares DB Crude Oil Double Short ETN (NYSE: DTO) closed 4.26% down as...
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SEC Votes Against Short Sellers (GS, GE, SCHW)
Wednesday, February 24, 2010 - 5:27pm | 159The US Securities and Exchange Commission voted against short sellers today. The SEC commissioners voted 3-2 in favor of a restriction on short selling a stock that has fallen 10% from its previous closing. With this, the SEC has defied Goldman Sachs (NYSE: GS), and hedge funds such as Citadel,...
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Optimer Pharmaceuticals To Sell 4.3 Million Shares
Wednesday, February 24, 2010 - 4:05pm | 91Optimer Pharmaceuticals (Nasdaq: OPTR), the California-based biotech firm, will sell 4.3 million new shares to raise fresh cash. Underwriters will have an option to purchase another 637,500 shares, the company said. Jefferies (NYSE: JEF) is the offering's book-running manager. The offering closes...
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STEC (STEC) Down 24% After Multiple Downgrades
Wednesday, February 24, 2010 - 12:55pm | 148Shares of STEC, Inc. (Nasdaq: STEC) plunged nearly 30% to a low of $9.47 Wednesday morning, a day after the company warned that inventory carryover at EMC Corp. (NYSE: EMC) was a continuing drag on the company's sales. After breaking the news, the company's shares received numerous downgrades. JP...
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Asia Was Mostly Lower. Our Open positions are $AAPL and $WFMI
Wednesday, February 24, 2010 - 7:47am | 932Asian Stocks were mostly lower overnight. Japan's Nikkei 225 and Australia's S&P/ASX 200 gave up 1.5% each, South Korea's Kospi shed 1%, Taiwan's Taiex lost 0.9% and Hong Kong's Hang Seng Index declined 0.8%. We have our AAPL trade which is in the money at the moment. We will be watching that...
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Asia Was Mostly Lower. Our Open positions are $AAPL and $WFMI
Wednesday, February 24, 2010 - 7:47am | 890Asian Stocks were mostly lower overnight. Japan's Nikkei 225 and Australia's S&P/ASX 200 gave up 1.5% each, South Korea's Kospi shed 1%, Taiwan's Taiex lost 0.9% and Hong Kong's Hang Seng Index declined 0.8%. We have our AAPL trade which is in the money at the moment. We will be watching that...
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29 Stocks Worth Shorting with Stops
Tuesday, February 23, 2010 - 11:40pm | 256Okay Folks - Here is my labor of love - and let me tell you it is some major labor having to type out all these symbols, company names and stop-losses into a post for you. But I know that it is a huge help for many of you, and that's why I do it. The last time I posted all of my short candidates...
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WellCare Health Plans, Inc. (WCG) Maintains A Buy Rating; Price Target Lowered
Tuesday, February 23, 2010 - 9:02pm | 105Analysts Daryn Miller and Matthew Borsch at Goldman Sachs, Inc. (NYSE: GS) have maintained a Buy rating for WellCare Health Plans, Inc. (NYSE: WCG), in a report released yesterday. Analysts have lowered the 2010 and 2011 EPS estimates for the company following the results for the fourth-quarter....
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AMERIGROUP Corporation’s (AGP) Fourth-Quarter Review
Tuesday, February 23, 2010 - 8:58pm | 117Analysts at Goldman Sachs, Inc. (NYSE: GS) have reviewed the fourth-quarter results at AMERIGROUP Corporation (NYSE: AGP), in a report released yesterday. According to analysts, the company reported solid results for the fourth-quarter; however, there is still uncertainty about the company’s...
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DealerTrack Holdings, Inc. (TRAK) Maintains An Outperform (1) Rating
Tuesday, February 23, 2010 - 8:52pm | 104Analysts Peter Goldmacher and Joe del Callar at Cowen & Company (NASDAQ: COWN) have maintained an Outperform (1) rating for DealerTrack Holdings, Inc. (NASDAQ: TRAK), in a report released yesterday. The company issued guidance for FY10 two weeks ago. The company expects EPS to be in the range...
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Brocade Communications Systems, Inc.’s (BRCD) First-Quarter Review
Tuesday, February 23, 2010 - 8:46pm | 143Analysts at Goldman Sachs (NYSE: GS) have released a report reviewing the first-quarter results at Brocade Communications Systems, Inc. (NASDAQ: BRCD). The company reported revenue of $539.5 million for the quarter, which is below analysts’ estimate of $551.6 million, and the consensus of $548.4...