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Top 5 Mid-Cap Stocks In The Financial Sector With The Highest 5-Y Earnings Estimate (GNW, ENH, DLR, HCBK, GHL)
Thursday, January 21, 2010 - 7:28am | 265Below are the top 5 mid-cap financial stocks on the NASDAQ and the NYSE in terms of 5-year earnings growth. The five-year earnings growth estimate for Genworth Financial Inc (NYSE: GNW) is 36%. GNW’s market capitalization is $6.52 billion. Deutsche Securities upgraded GNW from “hold” to “buy.” Read...
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Can Google (GOOG) Change the Tide for Hedge Fund Momo Stocks?
Wednesday, January 20, 2010 - 2:21pm | 959We are starting to see some weakness among the hedge fund / mutual fund "momo" (momentum) growth stocks i.e. the go to stocks for "beta". If this is an ominous warning signal or just some consolidation after huge moves in latter 2009 is unknown at this point. Google's (GOOG) earnings report...
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Another Deal for Novartis - Analyst Blog
Wednesday, January 20, 2010 - 1:12pm | 500Recently, Novartis (NVS) entered into a collaboration with GenVec (GNVC) for the development of treatments for hearing loss and balance disorders. Earlier, preclinical results have found strong potential in GenVec's adenovector technology for the restoration of hearing and balance functions. Per...
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The Market And Many Key Stocks Hover On Key Support
Wednesday, January 20, 2010 - 1:11pm | 156The market and key stocks like Goldman Sachs (GS), JP Morgan (JPM) and others are hovering on key support now on an intra day basis. This tells us the market is trying to put in a bottom for the day here. Watch as volume lightens up to see if the market is pushed slightly off the lows into the...
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4Q Profit For Morgan Stanley (MS) After Huge Losses In 2008 (MS, C)
Wednesday, January 20, 2010 - 12:50pm | 184Morgan Stanley (NYSE: MS) posted a fourth-quarter profit following big prior-year losses as the investment bank is setting the stage for further improvement in 2010. There is a new chief executive on board, James Gorman, and the company should begin to reap the rewards of its joint venture with...
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U.S Futures Slip Despite Optimism in the Economy (BAC, MS, WFC)
Wednesday, January 20, 2010 - 10:28am | 168U.S stock futures slipped ahead of a series of earnings reports from the financial sector and after the news of Chinese banks restricting their lending. Dow Jones Industrial Average futures were 38 points lower at 10632. The S&P 500 futures fell 5.3 points to 1140.4 and Nasdaq 100 futures lost...
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Company News for January 20, 2010 - Corporate Summary
Wednesday, January 20, 2010 - 10:26am | 208• Bank of America (NYSE:BAC) reported a larger-than-expected fourth quarter loss of 60 cents a share ahead of Zacks expectations of 54 cents a share versus a 48 cents year-ago loss. Revenues rose 59%, helped by the Merrill acquisition, to $25.4 billion. Increased credit costs, lower net income...
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Banks Paid A TARP Premium (GS, MS)
Wednesday, January 20, 2010 - 7:56am | 228The Wall Street Journal reports the Treasury Dept. persuaded some big banks to pay more than market estimates to repurchase warrants issued to the government during the financial crisis, suggesting that taxpayers could ultimately benefit from some aspects of the government's costly financial-rescue...
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ETFs To Watch January 20, 2010 (RSX, TAO, KCE, XLV)
Wednesday, January 20, 2010 - 5:27am | 239Here is the ETF Professor's ETF Watch List for Wednesday January 20, 2010. On news of the Republican victory in the Massachusetts special election for an open Senate seat, watch the Health Care Select Sector SPDR ETF (NYSE: XLV). A leveraged alternative: The ProShares Ultra Health Care ETF (NYSE:...
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A Different ETF For Financial Earnings (KCE)
Tuesday, January 19, 2010 - 8:43pm | 198There are plenty of money center and regional banks reporting earnings this week, but their former investment bank peers like Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) are not likely to get lost in the shuffle. Morgan Stanley and State Street (NYSE: STT) deliver results on Wednesday...
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CNBC Interview With TD Ameritrade CEO (AMTD)
Tuesday, January 19, 2010 - 4:34pm | 110TD Ameritrade (NASDAQ: AMTD) CEO, Frederic Tomczyk, just appeared on CNBC to talk about the online brokerage company that he runs. The firm released earnings today and missed Wall Street estimates, but the stock has rallied 3.38% higher nonetheless. Mr. Tomczyk said that increases in trading...
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News Round-up (KFT, CBY, GS, CVX, COP, TOT, PFE, TEVA)
Tuesday, January 19, 2010 - 3:38pm | 403Moody's Ratings said that Kraft Foods (NYSE: KFT) continues to deserve the investment grade rating. Moody’s statement comes after KFT's acquisition of Cadbury (NYSE: CBY) for $19.4 billion. Read more about KFT here. Goldman Sachs (NYSE: GS) has delayed the announcement of its 2009 employee bonuses...
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McDonald’s Corporation (MCD) 4Q09 Preview
Tuesday, January 19, 2010 - 3:07pm | 168McDonald’s Corporation (NYSE: MCD) is due to report 4Q earnings on January 20. Analysts at Morgan Stanley (NYSE: MS) have lowered their 4Q09 EPS estimate to $1.04 due to lower US restaurant margin expectations. The margins have been lowered because of slowing sales and greater promotional...
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Textron Inc. (TXT) Price Target Raised
Tuesday, January 19, 2010 - 2:45pm | 101Analysts at Morgan Stanley (NYSE: MS) have raised the price target for Textron Inc. (NYSE: TXT) to $30. With the focus on Cessna and TFC analysts believe that the Bell franchise remains underappreciated. Analysts expect the US DoD to recapitalize its helo fleet and commercial helo demand in Asia...
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JPMorgan Chase (JPM) Update
Tuesday, January 19, 2010 - 2:43pm | 167Analysts at Morgan Stanley (NYSE: MS) believe that the case is building for a dividend hike and reserve bleed at JPMorgan (NYSE: JPM) in 2H10 as NPL growth shrinks by 1% quarter-over-quarter in 4Q09. Analysts expect a dividend hike from $0.05 per quarter to $0.25 per quarter. JPMorgan has shown...