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Jon Najarian Likes AMR, UAUA, CAL
Wednesday, December 2, 2009 - 7:15pm | 137OptionMonster.com co-founder Jon Najarian said on CNBC's Fast Money that he believes in airlines sector. He is already long on UAL Corporation (NASDAQ: UAUA), AMR Corporation (NYSE: AMR) and Continental Airlines, Inc. (NYSE: CAL) and thinks that these stocks are the bet on the global recovery. Jon...
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Analyst Recommendations for AGAM, AMZN, AMTD, PFE, NOK
Wednesday, December 2, 2009 - 2:55pm | 352Bank of America Initiates AGA Medical Holdings (AGAM) With Buy Bank of America (NYSE: BAC) initiated coverage on AGA Medical Holdings Inc (NASDAQ: AGAM) with a buy recommendation at $20.00. AGAM holds 70% market share in the devices used for treatment of structural heart defects. Bank of America’s...
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Orphan Status for BioMarin Drug - Analyst Blog
Wednesday, December 2, 2009 - 2:52pm | 460Recently, BioMarin Pharmaceutical Inc. (BMRN) announced that the U.S. Food and Drug Administration (FDA) granted orphan drug status to its candidate 3,4-diaminopyridine amifampridine phosphate (3,4-DAP), for the treatment of Lambert Eaton Myasthenic Syndrome (LEMS). As a reminder, BioMarin...
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Opphenheimer Gives A Thumbs Down To Holologic Inc, OPY, HOLX, SI, GE
Wednesday, December 2, 2009 - 2:03pm | 177Opphenheimer (NYSE: OPY), citing FDA approval concerns for Holologic’s (NASDAQ: HOLX) flagship offering 3D Tomosythesis, has said that it sees very little visibility for growth at Holologic Inc. In a recent report, Opphenheimer analysts say that there will be better times to own this equity. 3D...
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Morgan Stanley (MS) Stays Overweight On Tivit SA (TVIT3)
Wednesday, December 2, 2009 - 1:26pm | 123Morgan Stanley (NYSE: MS) initiated coverage on Brazilian outsourcer Tivit (NASDAQ: TVIT3) with an Overweight rating. Morgan Stanley has put in a target price on $20 on Tivit. Tivit happens to be Brazil’s largest IT services and business process outsourcing company. Morgan Stanley said that Tivit...
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Company News for December 02, 2009 - Corporate Summary
Wednesday, December 2, 2009 - 10:13am | 125• Credit Suisse (NYSE:CS) upgraded SunTrust (NYSE:STI) to "outperform," with a price target of $29 • Joseph A Bank (NASDAQ:JOSB) reported third quarter earnings of 63 cents a share, beating Zacks estimates of 56 cents a share on revenues of $161 million, slightly ahead of Zacks projections for $160...
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5 Top Mid-Cap Stocks with Highest Cash (AIG, HIG, CM, JEF, PRE)
Wednesday, December 2, 2009 - 8:31am | 184Below are interesting mid-cap stocks on the NYSE and NASDAQ that have highest total cash. American International Group Inc (NYSE: AIG) has a market capitalization of $4.15 billion and the total cash of $108.22 billion. AIG shares have declined by 17.54% over the past 52 weeks as compared to a 30.64...
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Pete Najarian Likes Goldman Sachs (GS) , Thinks AIG Is Going Down
Tuesday, December 1, 2009 - 8:40pm | 96Pete Najarian said on CNBC's Fast Money Half time that he likes Goldman Sachs (NYSE: GS) and thinks it is fairly valued. Pete Najarian added that he sees a lot of covering of short positions and that could take the market further up. On the other hand he agrees with the analysts that say that...
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State Street Wins $300B Business - Analyst Blog
Tuesday, December 1, 2009 - 12:42pm | 355State Street Corporation (STT) said on Monday that it has expanded its relationship with Morgan Stanley (MS) to provide investment management operations outsourcing services for the assets of Morgan Stanley Investment Management (MSIM) worth about $300 billion. As part of the deal, State Street...
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Morgan Stanley (MS) Lists UK Sovereign Debt/Currency as Potential "Fat Tail" Risk for 2010
Tuesday, December 1, 2009 - 10:49am | 1884As investors quickly forget about Dubai, and shield their eyes (apparently using now almost limitless US dollars or Japanese yen) from any potential sovereign road bumps ahead [Nov 27, 2009: UK Telegraph - Greece Tests the Limits of Sovereign Debt as it Grinds Toward Slump] Morgan Stanely (MS)...
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Company News for December 01, 2009 - Corporate Summary
Tuesday, December 1, 2009 - 9:56am | 255• General Electric (NYSE:GE) agreed with Vivendi to acquire the latter’s 20% NBC stake for $5.8 billion, down from Vivendi's previous valuation of $6.1 billion • After yesterday's close, Guess (NYSE:GES) announced third quarter earnings of 69 cents a share, up from 67 cents a year ago, and better...
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5 Large-Cap Stocks with Highest EPS Estimates for 2010 (GOOG, GS, RTP, CME, CEO)
Tuesday, December 1, 2009 - 8:49am | 178Below are interesting large-cap stocks on the NYSE and NASDAQ with the highest EPS estimate for 2010. The consensus EPS for Google Inc (NASDAQ: GOOG) is $26.32 for FY10. GOOG has a market capitalization of $184.97 billion. Benchmark upgraded GOOG from “hold” to “buy.” The consensus EPS for Goldman...
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ETFs To Watch December 1, 2009 (OIH,
Tuesday, December 1, 2009 - 5:28am | 249Here is the ETF Professor's ETF Watchlist for Tuesday December 1, 2009. The Oil Services HOLDRs ETF (AMEX: OIH) broke support of a 5-month uptrend line last week and is looking weak here. The 20-day moving average has crossed below the 50-day line and any market weakness could really weigh on OIH....
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Exiting the Short Goldman Sachs (GS) Position
Monday, November 30, 2009 - 7:11pm | 505Shorting stocks is never easy. Many parties would rather see prices increase than decrease so the momentum typically carries prices higher. In an environment where excess liquidity has seeped into the stock market, allowing free money to chase prices higher, the process is more difficult than usual...
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Guy Adami Likes JEF And USB
Monday, November 30, 2009 - 6:57pm | 64CNBC's Fast Money Guy Adami is thinking about going long on Jefferies Group (NYSE: JEF). He also likes U.S. Bancorp (NYSE: USB) and thinks it could go to $29. Jefferies Group (JEF) fell 0.45% today and closed at $23.45, while U.S. Bancorp (USB) jumped 5.14% to $24.13.