-
Goldman Sachs Fund (GGOAX) Rides On Quality
Wednesday, December 16, 2009 - 9:04am | 93The Goldman Sachs fund (NASDAQ: GGOAX), up 26% for the year, is now up 53% vs. 36.64% for its midcap growth peers tracked by Morningstar and 26.27% for the S&P 500. That's largely the result of its gains of 0.24% in Q1, 22.45% in Q2 and 18.33% in Q3. This year's performance resembles the...
-
Top 5 Large-Cap Stocks with Highest Cash Per Share (BRK-A, GS, BCS, CS, MS)
Wednesday, December 16, 2009 - 8:48am | 160Below are the top 5 large-cap stocks on the NYSE and the NASDAQ in terms of the highest cash per share. Berkshire Hathaway Inc (NYSE: BRK-A) has cash per share of $17,350. BRK-A’s market capitalization is $154.32 billion. Credit Suisse upgraded CM from “underperform” to “neutral.” Goldman Sachs...
-
WebMD (WBMD) Completes Tender Offer
Tuesday, December 15, 2009 - 5:12pm | 150According to a recent report released by Goldman Sachs (NYSE: GS)(FREE stock trend analysis), WebMD (NASDAQ: WBMD)(FREE stock trend analysis) has completed its tender offer of purchasing 6.35 million shares. The entire WebMD deal has cost $235 million based on the price of $37 per share. The...
-
Amazon (AMZN) Releases Kindle App
Tuesday, December 15, 2009 - 5:04pm | 162According to a recent report released by Goldman Sachs (NYSE: GS)(FREE stock trend analysis), Amazon (NASDAQ: AMZN)(FREE stock trend analysis) has released a Kindle app for iPhone in sixty countries. Amazon is also planning to enhance Kindle features to make it more suitable for visually-impaired...
-
Goldman Sachs (GS) Neutral On CA, Inc. (CA)
Tuesday, December 15, 2009 - 4:42pm | 130According to Goldman Sachs (NYSE: GS) analyst Derek R. Bingham et al., the 12-month price target for CA, Inc. (NASDAQ: CA) is $26 and is based on a triangulation of historic P/E multiples, current EV/adjusted FCF/growth multiples and the DCF analysis. At present, CA, Inc. trades at 11.3 times and 8...
-
Neutral Stance On SunTrust Banks, Inc. (STI)
Tuesday, December 15, 2009 - 4:33pm | 95Goldman Sachs (NYSE: GS) has given a Neutral Stance On SunTrust Banks, Inc. (NYSE: STI). The stock trades at 1 time tangible book value and 9 times normalized EPS. Analyst Brian Foran et al. gave a 12-month DND-derived price target of $18. The positives include the improving visibility on credit...
-
The Producer Price Index Pops...Will The Federal Reserve Play Ball Or Drop The Ball?
Tuesday, December 15, 2009 - 3:58pm | 780The Producer Price Index (PPI) showed a stronger than expected increase which tells of inflation pressures on the producer side of goods. Later this week we will get the Consumer Price Index (CPI). With inflation creeping back into the picture, the dollar spiked higher as expectations that the...
-
Morgan Stanley (MS) Positive On General Mills (GIS) Momentum
Tuesday, December 15, 2009 - 1:32pm | 144Morgan Stanley (NYSE: MS)(FREE stock trend analysis) has raised its EPS estimates for General Mills (NYSE: GIS)(FREE stock trend analysis) from $1.41 to $1.45. It is expected that General Mills’ guidance will prove conservative and this view is supposed by IRI data. Though Morgan Stanley is...
-
Goldman Sachs (GS) In Bonus Controversy
Tuesday, December 15, 2009 - 12:29pm | 113Goldman Sachs (NYSE: GS)(FREE stock trend analysis) is under fire for plans to issue bonuses to its employees after having repaid the US$10 billion taxpayer bail-out. Institutional investor Security Police and Fire Professionals of America Retirement Fund have filed a lawsuit in the New York...
-
Dubai’s Debt Repayment Schedule To Stretch Longer
Tuesday, December 15, 2009 - 12:24pm | 110The US$10 Billion bail-out package provided by Abu Dhabi means that Dubai’s debt problems have been solved only for the short term. The Emirate’s total debt repayment amounts to US$55 billion over the next three years as per the estimates of Ahmet Akarli, economist at Goldman Sachs (NYSE: GS...
-
Benzinga’s Top Pre- Market Losers (ZION, ERIC, AUDC, COWN, RAIL, UAUA, JDSU)
Tuesday, December 15, 2009 - 10:28am | 341Zions Bancorporation (NASDAQ: ZION)(FREE stock trend analysis) has decreased $0.52 or 3.78% to $13.24 in the pre-market session. The 52-week trading range for Zions Bancorporation is $5.90 - $27.36. So far in the current year, ZION declined by over 40%. Telefonaktiebolaget LM Ericsson (ADR) (...
-
Company News for December 15, 2009 - Corporate Summary
Tuesday, December 15, 2009 - 10:14am | 199• Charles Schwab (NASDAQ:SCHW) said it expects fourth quarter earnings ex-items of about 13 cents to 15 cents per share, short of Street estimates of 17 cents, citing lower interest rates and light trading volume • Goldman Sachs (NYSE:GS) began coverage of IPO Hyatt (NYSE:H) with a "buy" rating and...
-
Stock Market News for December 15, 2009 - Market News
Tuesday, December 15, 2009 - 10:12am | 490Abu Dhabi’s bailout of a Dubai World unit and a big acquisition by Exxon Mobil sent stocks higher Monday, as investors grew confident the economy is on a positive path. Investors were particularly pleased after the Middle Eastern city-state of Abu Dhabi came forward with a $10 billion financing to...
-
Goldman Sachs (GS) To Sell Stake in Frankfurt Listed Nordex
Monday, December 14, 2009 - 5:26pm | 69According to Reuters, Goldman Sachs Group, Inc. (NYSE: GS)(FREE stock trend analysis) is selling its stake in Nordex, a German wind turbine maker. An official announcement is expected today and Goldman will sell almost all of its 14 percent stake or 9.538 million shares. The stake is worth over $...
-
Did Goldman Sachs OverPay The Treasury?
Monday, December 14, 2009 - 4:52pm | 181Goldman Sachs (NYSE: GS) may have just paid through its nose to the Treasury. Richard Beales and Robert Cyran of the NY Post (NYSE: NWS) argue that Goldman Sachs bought back 10 year old warrants from the Treasury at a much higher price than some of its peers like JPMorgan Chase (NYSE: JPM) ,...