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Philip Morris Added To Goldman's Conviction Buy List
Monday, December 14, 2009 - 4:37pm | 98Cigarette maker Philip Morris (NYSE: PM) was added to the Goldman Sachs (NYSE: GS) conviction buy list today with analyst Judy Hong saying the company is being "significantly underappreciated by the market." Hong expects the international maker of Marlboros and other popular brands to earn 81 cents...
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Stifel Nicolaus Rates Bank Of America (BAC) As The Top Pick For 2010
Monday, December 14, 2009 - 3:39pm | 151Stifel Nicolaus (NYSE: SF)(FREE stock trend analysis) has adjusted the EPS estimates of Bank Of America (NYSE: BAC)(FREE stock trend analysis) due to the company's recent $19.3 billion common capital raise and subsequent repayment of the entire $45 billion in TARP preferred capital, and has kept...
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Stocks That Formed New 52-Week Lows (COWN, EPG, FCAL, DISK, ISIS)
Monday, December 14, 2009 - 3:33pm | 206Cowen Group Inc (NASDAQ: COWN) shares broke the old 52-week support of $5.44 to create a new low of $5.37. COWN had merged with Ramius, an alternative investment management firm, on November 2, 2009. Environmental Power Corporation (NASDAQ: EPG) shares broke their old 52-week old barrier of $0.25...
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Top 5 Small-Cap Stocks with Highest Cash Per Share (IBKR, FRE, MF, SEB, PNSN)
Monday, December 14, 2009 - 3:30pm | 236Below are the top 5 small-cap stocks on the NYSE and the NASDAQ in terms of the highest cash per share. Interactive Brokers Group Inc (NASDAQ: IBKR)(FREE stock trend analysis) has cash per share of $567.33. IBKR’s market capitalization is $710.3 million. IBKR’s shares have fallen by 4.78% over the...
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ITG Restructures its US Business
Monday, December 14, 2009 - 3:06pm | 129Analysts at JP Morgan maintain their "neutral" rating on Investment Technology Group (NYSE: ITG), while raising their estimates for the company. The target price for ITG has been raised from $21.50 to $23.00. Investment Technology Group has announced that it will restructure its US business, which...
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Recent College Graduates Hit Badly By The Great Recession (GS, MFST)
Monday, December 14, 2009 - 2:20pm | 106Among the many sobering stories in this year of doom, the impact of the economy’s downturn on job prospects of college graduates has been gloomy. The graduates with solid CGPA, who in most other years could have walked into marquee names like Goldman Sachs (NYSE: GS) or Microsoft (NASDAQ: MSFT)...
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Bankers to be warned on bonuses by President Obama
Monday, December 14, 2009 - 1:19pm | 290White House officials say that in a meeting later today, President Obama will have some tough words for bank executives. The expected participants include Summers, Geithner - senior White House adviser Valerie Jarrett, chair of the Council of Economic Advisers Dr Christina Romer and the following...
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Company News for December 14, 2009 - Corporate Summary
Monday, December 14, 2009 - 9:58am | 184• Citigroup (NYSE:C) announced its agreement to repay the $20 billion in TARP bailout funds • Reports said Google (NASDAQ:GOOG) plans to begin selling its own "Nexus One" cell phone directly to customers as early as next year • The holiday shipping rush kicks in this week, with FedEx (NYSE:FDX)...
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Genomma Lab (LAB) Announces Its 2010 Earnings Guidance
Monday, December 14, 2009 - 7:05am | 107Genomma Lab International (BMV: LAB)expects net sales growth in the range of 42% to 45% for the full year of 2010, excluding possible acquisitions, and an EBITDA margin between 25.0% and 26.0%, from 2009 year-end results which we expect to be above our last issued guidance. The Company's estimates...
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Benzinga's Earnings Preview (PAY, TTWO, GLBC, IAAC)
Monday, December 14, 2009 - 6:07am | 128VeriFone Holdings, Inc. (NYSE: PAY) is expected to report fourth-quarter earnings of 25 cents a share on revenue of $213.44 million. Friday, PAY closed at $14.32. Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is projected to report fourth-quarter earnings of 10 cents a share on $341.90 million...
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Rolling Stone: Obama's Big Sellout
Friday, December 11, 2009 - 3:57pm | 914The ever controversial but entertaining Matt Taibbi, he of Goldman Sachs Vampire Squid fame, takes on President Obama himself in his latest piece: "Obama's Big Sellout". (h/t Barry Ritholtz) I'm only on page 1, but with Paul Volcker secured as hood ornament [Jun 26, 2009: Bloomberg - Paul...
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Retail Sales Strong. But Apple Inc.(NasdaqGS: AAPL), Goldman Sachs Grp (NYSE: GS) Warn Of Weakness
Friday, December 11, 2009 - 3:07pm | 684Industrial production numbers from China came out very strong with a year over year gain on the monthly number of 19.2%. In addition, U.S. Retail Sales numbers were very strong. This gave the market a solid gap higher into the open even though the dollar was stronger as well. Since the open, the...
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Company News for December 11, 2009 - Corporate Summary
Friday, December 11, 2009 - 10:19am | 188• United Technologies (NYSE:UTX) offered 2010 earnings guidance of $4.40 to $4.65 a share, versus consensus estimates of $4.53, on revenues of $54 billion to $55 billion, beating estimates of $53.32 billion • Goldman Sachs (NYSE:GS) restarted coverage of DirecTV (NYSE:DTV) with a "buy," rating with...
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Goldman Sachs Pays Bonuses in Stock (GS, BAC, C)
Friday, December 11, 2009 - 9:25am | 213Goldman Sachs Group Inc. (NYSE: GS)(FREE stock trend analysis) decides to pay top managers their 2009 bonuses in stock that cannot be sold for five years. GS seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid. GS’ compensation is on pace...
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GLD To See Some More Competition
Thursday, December 10, 2009 - 4:23pm | 131The SPDR Gold Shares (NYSE: GLD)(FREE stock trend analysis) is the king of the gold ETF universe, but there are a few smaller competitors out there and that group is slated to grow by one as Sprott Physical Gold Trust has filed plans for an IPO. The Canada-based firm will operate as a Canadian...