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Stock Falls In Emerging Countries Could Mirror 2004 Rally (CS, GS, MS)
Monday, February 8, 2010 - 11:05am | 191Developing nation stocks fell at the most rapid pace in the last 11 months. Investment strategists at Credit Suisse (NYSE: CS), Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) seem to be enthused by this, expecting a repeat of the rally of 2004. Jonathan Garner of Morgan Stanley says that...
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Wall Street’s New Stars: Barron’s (JEF, BPSG)
Monday, February 8, 2010 - 10:04am | 139A new breed of upstarts is clamoring to fill the void caused by the collapse of the big financial institutions. This group includes both the established players like Jefferies Group (NYSE: JEF) as well as the newer ones like Cowen Group (NASDAQ: COWN) and BroadPoint Gleacher (NASDAQ: BPSG)....
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Company News for February 8, 2010 - Corporate Summary
Monday, February 8, 2010 - 9:58am | 301• CVS Caremark (NYSE:CVS) posted fourth quarter adjusted earnings of 79 cents, one cent better than Zacks estimates, on revenues of $25.8 billion, which missed Zacks estimates of $26.35 billion • Hasbro (NYSE:HAS) posted fourth quarter earnings of $1.09, versus Zacks estimates of 81 cents a share...
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Stock Market News for February 8, 2010 - Market News
Monday, February 8, 2010 - 9:56am | 482Amid growing worries about Europe’s ability to control its public finances and an anemic labor market, stocks posted their fourth straight weekly decline even as the U.S. unemployment rate showed a surprise drop in January. Although stocks managed to stage a late comeback on Friday, after a sharp...
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New Oriental Education & Tech. Group, Inc. (EDU) Coverage Initiated With A Neutral Rating
Friday, February 5, 2010 - 4:24pm | 126Cowen and Company (NASDAQ: COWN) has initiated coverage for New Oriental Education & Tech. Group, Inc. (NYSE: EDU) with a Neutral rating. The company is a leading player in the Chinese private education market. The company’s share currently trades at a premium of 45% to its peer group....
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Company News for February 5, 2010 - Corporate Summary
Friday, February 5, 2010 - 10:25am | 198• Air Products (NYSE:APD) announced plans to acquire Airgas (NYSE:ARG) for $60 per share, or $5.1 billion • Aetna (NYSE:AET) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was...
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Change Of Sentiment In Goldman Sachs And J.P. Morgan (JPM, GS)
Thursday, February 4, 2010 - 4:31pm | 217It seems like only yesterday that market participants were raving about high quality financial names like Goldman Sachs (NYSE: GS) and J.P. Morgan (NYSE: JPM). The last month, however, has been brutal on these two stocks. Much of this stems from the proposed legislation to bar banks from operating...
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Goldman Sachs Issues Buy Rating On Equity Residential (EQR)
Thursday, February 4, 2010 - 1:53pm | 131Golman Sachs (NYSE: GS) issued a Buy rating on shares of Equity Residential (NYSE: EQR) today and the shares have appreciated nearly 3% on the session as a result. Goldman analysts said that Q4 2009 modestly exceeded their forecasts. The report states that "we continue to favor EQR as one of our...
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Zions Bancorp Cut To Underperform (ZION, PNC)
Thursday, February 4, 2010 - 12:25pm | 140Zions Bancorp (NYSE: ZION), a regional bank based in Utah, was downgraded by Keefe, Bruyette and Woods (KBW) to "underperform" from "market perform". The firm said the bank would need to raise as much as $700 million in common equity to repay its TARP bailout funds. KBW believes Zions will be...
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Benzinga’s Earnings Roundup (LNT, CI, MF, SE, CME)
Thursday, February 4, 2010 - 8:58am | 367Alliant Energy Corporation (NYSE: LNT) reported today a fourth-quarter net profit of $53.6 million, or $0.49 per share, as compared to $50.6 million, or $0.46 per share, in the year ago period. Revenue declined 3.1% to $854.9 million for the quarter. The 52-week trading range for LNT is $20.31 - $...
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IVV: Buying the S&P 500 Without Commissions
Thursday, February 4, 2010 - 8:04am | 524Investors have plenty of ETF options to track major U.S. asset classes. The benchmarks sometimes have significant overlap, and in some cases more than one ETF follows the same index. How do you tell which one is better? One important factor is expenses. Take two ETFs designed to track the S&...
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ATP Oil & Gas Corporation (ATPG) Price Target Lowered
Wednesday, February 3, 2010 - 4:29pm | 105Analyst Biju Perincheril at Jefferies & Company, Inc. (NYSE: JEF) has lowered the price target for ATP Oil & Gas Corporation (NASDAQ: ATPG) from $17 to $14. The company reported production for the fourth quarter 20% below expectations. Jefferies expects volume growth to be strong in 2010....
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W.R. Grace & Co. (GRA) Upgraded To Buy On Solid 2010 Outlook
Wednesday, February 3, 2010 - 4:16pm | 99Analyst Laurence Alexander at Jefferies & Company, Inc. (NYSE: JEF) has upgraded W.R. Grace (NYSE: GRA) from Hold to a Buy rating on solid outlook for 2010. The price target for W.R. Grace & Co. has been raised from $27 to $33. The company beat Jefferies & Company’s core EBIT estimate...
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China Integrated Energy, Inc. (CBEH) Estimates Raised
Wednesday, February 3, 2010 - 2:12pm | 159Analysts Andy Yeung and Paul Keung at Oppenheimer (NYSE: OPY) have released an update on China Integrated Energy, Inc. (NASDAQ: CBEH). The company has recently signed a new contract with an existing wholesale distribution customer in Sichuan province. According to the new contract, the company...
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Strong Operating Leverage at RJF
Wednesday, February 3, 2010 - 11:02am | 52Analysts at FBR Capital upgrade Raymond James Financial Inc (NYSE: RJF) from "market perform" to "outperform." The target price for RJF has been raised from $27 to $32.According to FBR Capital, the operating leverage potential for RJF is impressive. RJF’s shares closed at $26.36 yesterday.