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Top 5 Mid-Cap NASDAQ Stocks with Highest Cash (ETFC, LCAPA, PBCT, FITB, DISH)
Tuesday, December 8, 2009 - 9:42am | 173Below are interesting mid-cap stocks on the NASDAQ with highest cash. E*TRADE Financial Corporation (NASDAQ: ETFC) has $7.57 billion in cash on its balance sheet. ETFC’s market capitalization is $3.13 billion. Citigroup upgraded ETFC from “hold” to “buy.” Liberty Media Capital (NASDAQ: LCAPA) has $...
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AT&T 3G Network Beats Verizon In Independent Study (T, VZ, OPY)
Tuesday, December 8, 2009 - 9:11am | 86Root Wireless, a start-up wireless network performance monitoring company, notes that AT&T Inc. (NYSE: T) HSPA network was consistently better than Verizon Communications Inc. (NYSE: VZ) EV-DO network in terms of data performance. However, Oppenheimer (NYSE: OPY) believes that dropped voice...
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New York Times: Apple App Store Could Be Game Changer In Digital Distribution (NYT, AAPL, OPY)
Tuesday, December 8, 2009 - 9:01am | 95A New York Times (NYSE: NYT) article notes that Apple Inc. (NASDAQ: AAPL) iPhone App Store could be the future of digital distribution for everything ranging from games, software, entertainment and other content. It adds that the trend is evident from the Apple iPhone sales and represents true...
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S&P 500, NASDAQ END down as Banks, Tech Weigh
Tuesday, December 8, 2009 - 8:23am | 132The S&P 500 and NASDAQ ended slightly lower and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery. Financial and technology shares were among the biggest drags on the market. The S&P Financial Index...
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Fast Money Traders Like Agriculture Stocks (POT, MON)
Monday, December 7, 2009 - 7:20pm | 91CNBC's Fast Money Crew gave commented tonight on Goldman Sachs (NYSE: GS) upgrade of Potash (NYSE: POT). Pete Najarian likes Potash (POT) around $124, as he, like Goldman Sachs (GS), thinks that demand for fertilizers is growing. Potash (POT) jumped 3.51% and closed at $121.17 today. Guy Adami is...
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Morgan Stanley Maintains on Clearwire, But Bullish On Its Financing
Monday, December 7, 2009 - 5:03pm | 160Morgan Stanley (NYSE: MS) reiterated its underweight rating on Clearwire (NASDAQ: CLWR). Although rival cell phone networks are rapidly developing their networks, CLWR could benefit from its recent round of equity and debt financing, the bank said. Despite competitive advantages in its technology...
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Barron’s: Insider Stock Transactions
Monday, December 7, 2009 - 3:13pm | 227For the week ended 30 November 2009, the following were insider purchases: 100,000 shares in DirecTV (NASDAQ: DTV), 91,500 shares in Werner Enterprises (WERN), 100,000 shares in Zions Bancorporation (NASDAQ: ZION), 30,500 shares in Rofin Sinar Technologies (NASDAQ: RSTI), 2,774,306 shares in Fusion...
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Ford To Issue Around $1 Billion In Bonds
Monday, December 7, 2009 - 3:06pm | 184Ford (NYSE: F) is to float a new bond issue, according to a filing with the Securities and Exchange Commission, reports Dow Jones. The report quoted a person familiar with the deal as estimating that the bonds will yield 8.25-8.375% and total approximately $1 billion. The proceeds of the issue...
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Barron’s: Jefferies (JEF) Recommends Buying Jan 2011 S&P 500 Index Puts
Monday, December 7, 2009 - 2:46pm | 81Barron’s noted that as the Dubai news had come out, The Chicago Board Options Exchange's Market Volatility Index (VIX) surged from 20 to 26. Pat Neal of Jefferies & Co (NYSE: JEF) believes that buying S&P 500 puts that expire in January 2011 could be a good hedge. The January 2011 puts are...
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Company News for December 07, 2009 - Corporate Summary
Monday, December 7, 2009 - 10:10am | 318• MetLife (NYSE:MET) provided better-than-consensus 2010 earnings expectations of $4.00-$4.40, ahead of the Street forecast of $4.11. The firm said it sees fourth-quarter revenues and fees of $8.50-$9.10 billion, with earnings of 90-95 cents • Cummins (NYSE:CMI) was added to Goldman Sachs' (NYSE:...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 18
Monday, December 7, 2009 - 9:39am | 2437Year 3, Week 18 Major Position ChangesTo see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.Cash: 74.9% (v 82.9% last week)24 long bias: 20.6% (v 12.5% last week) 4 short bias: 4.5% (v 4.6% last week) [includes 1 option position]28...
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Edward Lifescience Corp. (EW) To Remain Conservative
Monday, December 7, 2009 - 4:50am | 180Edward Lifesciences Corp. (NYSE: EW) is holding its annual investors conference on December 9-10. Goldman Sachs (NYSE: GS) has recently revised its revenue estimates for the firm to a 11.6% reported growth rate from the earlier consensus at 8.2%. Positive movements in the foreign exchange rate and...
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Keep An Eye On Large-Cap Quality With This ETF (PWV)
Monday, December 7, 2009 - 2:37am | 186If you're looking to add some large cap exposure to your portfolio with an ETF, the ETF Professor suggests taking a look at the PowerShares Dynamic Large Cap Value ETF (NYSE: PWV). PWV's top holding is Goldman Sachs (NYSE: GS) at 3.69% of assets and other top holdings include high-quality names...
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Kuwait Investment Authority Sells Citigroup Stake For $4.1 Billion
Sunday, December 6, 2009 - 9:12pm | 101Kuwait Investment Authority, the nation’s sovereign-wealth fund, has sold a $4.1 billion in stake in Citigroup (NYSE: C) after helping the downtrodden bank boost its capital position. The fund converted preferred securities of Citigroup that it purchased for $3 billion last year into common shares...
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Tim Seymour Likes Bank of America (BAC) And Wells Fargo (WFC)
Friday, December 4, 2009 - 5:30pm | 128CNBC's Fast Money Tim Seymour thinks that strong employment numbers are good for financial sector and in the space he likes Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC). Tim Seymour thinks that Wells Fargo (WFC) will probably have to issue equity to repay TARP, but believes that it is...