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UNFI Leases New Facility - Analyst Blog
Monday, November 30, 2009 - 5:39pm | 335United Natural Foods, Inc. (UNFI) a leading domestic distributor of natural, organic and specialty foods, plans to lease a new distribution center in Lancaster, Texas. The new facility is expected to provide UNFI with an ideal location to support retailers throughout the Southwest including Texas...
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Great Opportunity for Incyte - Analyst Blog
Monday, November 30, 2009 - 2:18pm | 462Incyte Corporation (INCY) entered into a collaboration and license agreement with Novartis AG (NVS) regarding two of its pipeline candidates – INCB18424, an oral JAK1/JAK2 inhibitor and INCB28060, an oral cMET inhibitor. While the former is currently being studied in a phase III clinical trial for...
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Hedge Funds Accumulate Stocks As Individuals Cash In
Monday, November 30, 2009 - 1:47pm | 747Hedge funds have been accumulating shares as retail investors are cashing their shares, a contra signal for professional investors that the Standard and Poor’s 500 index is poised to extend its gains. Investors have redeemed $37.3 billion worth of mutual funds since August 2009, according to the...
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Company News for November 30, 2009 - Corporate Summary
Monday, November 30, 2009 - 10:13am | 146• An Israeli financial newspaper reported IBM (NYSE:IBM) may announce the purchase of database security start-up Guardian for $225 million • Goldman Sachs (NYSE:GS) upgraded steel companies, and placed a "buy" rating on US Steel (NYSE:X) with a price target of $54 • Deere (NYSE:DE) was upgraded by...
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Four American Banks In Global Financial Watchdog Hitlist, GS, JPM, MS, BAC
Monday, November 30, 2009 - 8:21am | 145The Financial Stability Board, an international body of bankers and regulators, has drawn up a list of thirty top financial institutions which are to be the subject of cross border exercises by regulators. The list is a part of an international effort to prevent a future financial crisis. The...
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Is Sequenom (SQNM) a Speculative Play?
Friday, November 27, 2009 - 1:48pm | 81Shares of Sequenom Inc. (NYSE: SQNM) continue on the upside today, up $.044 to $4.29, on heavy volume. The stock is up over 11% while the broader indices are on the downside due to the Dubai debt problems. With no news on SQNM, it could be a speculative play. Top institutional holders of SQNM...
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International Equities To Remain Strong, Says GS
Friday, November 27, 2009 - 12:56pm | 137According to a report released by Goldman Sachs (NYSE: GS), Bond fund inflows are expected to decrease by $5.5 Bn. However, Bond fund flows were strong at $10.1 Bn for the week of 18/11. This figure was up from $8.9 Bn cash inflow for the week of 11/11. Similarly, equity flows were positive at $...
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E*Trade Calls Find a Buyer
Friday, November 27, 2009 - 11:01am | 88E*Trade Financial (NASDAQ: ETFC) rhetoric about a potential takeover has slowed down and vol has come out of the near, and even far out, options as expected. The takeover may happen, but the urgency we saw last week is definitely not in the options. One investor is taking a small shot at the E*...
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ETFs To Watch November 27, 2009 (HHH, XLY, IAI, XLV)
Friday, November 27, 2009 - 4:37am | 231Here is the ETF Professor's ETF Watchlist for Friday November 27, 2009. On speculation that Japan may intervene in the forex market to weaken the Yen, take a look at the CurrencyShares Japanese Yen Trust (NYSE: FXY) and the bearish equivalent and the UltraShort Yen ProShares (NYSE: YCS). The Health...
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Fast Money Picks For November 27th (RTP, BX, KG)
Thursday, November 26, 2009 - 1:23pm | 114CNBC's Fast Money Tim Seymour thinks that buying Rio Tinto (NYSE: RTP) is the best play on Friday. Rio Tinto (RTP) gained 0.21% on Wednesday and closed at $210.32. Guy Adami is following Goldman Sachs' (NYSE: GS) advice that private equity cycle is on the upside and therefore recommends Blackstone...
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Sensata Technologies Files for IPO
Thursday, November 26, 2009 - 9:09am | 210Sensata Technologies, owned by private equity investor Bain Capital, filed for an IPO of $500 m. The company hopes to list on either the New York Stock Exchange or Nasdaq, according to the filing. Sensata, which produces sensors and industrial technology, was acquired by Bain from Texas...
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Company News for November 25, 2009 - Corporate Summary
Wednesday, November 25, 2009 - 10:24am | 254• J Crew Group (NYSE:JCG) wowed investors with sharply better-than-expected third quarter earnings of 67 cents a share, versus 30 cents a year ago, and ahead of Zacks estimates of 58 cents a share. Revenues of $414.1 million exceeded last year's $363.1 million and beat projections of $406.6...
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Stock Market News for November 25, 2009 - Market News
Wednesday, November 25, 2009 - 10:22am | 389U.S. stocks closed lower Tuesday, paring deeper losses, as economic concerns kept investors on tenterhooks. However, the markets managed to contain losses as a brighter forecast from the Federal Reserve assured investors about the sustainability of the recovery. Also, a weaker dollar helped...
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Linkedin Co-founder Planning An IPO In The Future
Wednesday, November 25, 2009 - 8:58am | 176LinkedIn co-founder and executive chairman Reid Hoffman told Reuters that they will be pursuing an initial public offering in the future. LinkedIn is the largest professional social network with over 53 million members around the world. "Probably at some point a balance will occur when that's the...
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Demand For Oil Likely To Beat Supply Next Year, USO, XOM
Tuesday, November 24, 2009 - 2:45pm | 179Oil demand is predicted to rise by 1.3 million barrels per day (bpd) next year to 85.9 million bpd, according to a Reuters poll of the ten top oil-tracking analysts and organizations. This bodes ill for the prospect of meeting the world's oil demand, which is feared to erode the huge crude...