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Fast Money Guys Would Buy MPEL, RJF, HOC, TJX
Tuesday, November 10, 2009 - 8:41pm | 112CNBC's Fast Money Guys gave their picks for Wednesday. Tim Seymour would buy Melco Crown Entertainment Ltd (NASDAQ: MPEL) below $4.25, as he is tempted by the fact that MPEL fell 38% from its highs. MPEL had a bad trading session today, it dropped 6.09% and closed at $4.63. Guy Adami would buy...
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Options Buyers Flock Near-Term Goldman Sachs Calls
Tuesday, November 10, 2009 - 3:39pm | 77Options activity in near-term options on Goldman Sachs (NYSE: GS) is brisk today, led by the November 180 where 7,000 contracts were purchased. That's below open interest of more than 9,500 contracts, but the activity is interesting given that the options expire next Friday. Most of the volume was...
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Company News for November 10, 2009 - Corporate Summary
Tuesday, November 10, 2009 - 10:31am | 375• Priceline.com (NASDAQ:PCLN) reported adjusted third quarter earnings of $3.45 a share, 55 cents above consensus estimates, on better-than-expected revenues of $730.7 million, ahead of estimates of $$693.97 million on strong summer season travel. The firm provided fourth quarter guidance at about...
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New Multi Headed Management Structure For Lazard (LAZ)
Tuesday, November 10, 2009 - 9:50am | 123The New York Post says that the investment banking company Lazard Ltd (NYSE: LAZ) will have more than one person to take it forward. The NY Post also says that Lazard’s may name Ken Jacobs at its next CEO. Current Interim CEO – Steve Golub, may get to become the next Chairman. Lazard’s current...
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Laszlo Birinyi's Top Stock Pick Is Goldman Sachs
Tuesday, November 10, 2009 - 9:40am | 79Laszlo Birinyi says his favorite stock pick is Goldman Sachs (NYSE: GS). Additionally, Birinyi said he favors the retail sector excluding Walmart (NYSE: WMT), which reports earnings on Thursday. Goldman Sachs has risen 109% this year while the S&P Retailing Index has spiked 44.34%. Birinyi says...
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More Money Please (FNM)
Monday, November 9, 2009 - 4:54pm | 106Fannie Mae (NYSE: FNM) is seeking more cash from Uncle Sam after the Treasury Department blocked the sale of $2.6 billion in low-income housing tax credits by Fannie Mae to Goldman Sachs (NYSE: GS) and Berkshire Hathaway (NYSE: BRK.A, BRK.B) last week. Fannie Mae requested $15 billion in financial...
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5 Small-Cap Stocks with Highest Cash Per Share (IBKR, FRE, SEB, MF, PNSN)
Monday, November 9, 2009 - 1:33pm | 182Below are interesting low-cap stocks on the NYSE and NASDAQ that have highest cash per share. Interactive Brokers Group Inc (NASDAQ: IBKR) has the cash per share of $567.31. IBKR has a market capitalization of $706.4 million. IBKR shares have declined by 20.17% over the past 52weeks. Freddie Mac (...
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Benzinga's Barron's Weekly Roundup: APOL, CAH, CFN, SHW, MO, DV, ESI, STRA, COCO, EDMC
Monday, November 9, 2009 - 1:16pm | 309Why is the “for profit” college education sector trading at low multiples? Despite record enrollments ranging between 20 - 50% for some of the listed companies like Apollo Group, Inc. (NASDAQ: APOL), the sector finds it difficult to get into Wall Street’s good books. To read more, please click here...
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Morgan Stanley (NYSE:MS) Heading Higher or Making Right Shoulder?
Monday, November 9, 2009 - 11:47am | 84Morgan Stanley (NYSE: MS) is up 2.3% today but the technical charts looks confusing and ambiguous, is Morgan Stanley really making an up move, or forming the right shoulder of a big Head & Shoulders formation that could be dangerous this week? The broader financial sector shows similar patterns...
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Morgan Stanley (MS) to witness positive trigger on news to offload Chinese investment
Monday, November 9, 2009 - 10:12am | 96Morgan Stanley (NYSE: MS) is actively looking for a buyer for the 34% stake it presently holds in investment bank China International Capital Corp. A successful move towards this in a few weeks time could mean that the Morgan Stanley (MS) stock could soon pick up from $32 level in near future....
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Barron's Thinks Altria (MO) Is A Bargain
Monday, November 9, 2009 - 9:49am | 166In its latest weekly issue, Barron’s feels that US’ largest cigarette maker Altria Group, Inc. (NYSE: MO) has significant appreciation potential. The company lost its fans in the Wall Street when Altria Group sold off its international tobacco operations. Altria’s spin off - Philip Morris...
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Barry Ritholtz Shreds Warren Buffet
Sunday, November 8, 2009 - 12:26pm | 1987Some great posts this weekend over at "The Big Picture" by Barry Ritholtz; Barry is essentially the "trailblazer" of financial blogging and many a blogger has followed in his footsteps. In my piece this past week on the Berkshire Hathaway (BRK.a) Burlington Northern (BNI) buyout I didn't have time...
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Treasury To Block Sale of Fannie Mae Tax Credits To Goldman Sachs
Friday, November 6, 2009 - 7:04pm | 99The Treasury Department will block the sale of $2.6 billion in tax credits by Fannie Mae (NYSE: FNM) to Goldman Sachs (NYSE: GS) and Warren Buffett's Berkshire Hathaway (NYSE: BRK.A, BRK.B). Fannie had $5.2 billion in low-income-housing tax credits at the end of September and said on Thursday it...
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Professor Reiterates Bearish View On Preferred ETFs
Friday, November 6, 2009 - 4:23pm | 180On Tuesday, the ETF Professor told you to take a pass on or short the PowerShares Financial Preferred ETF (NYSE: PGF), which holds preferred shares of Bank of America (NYSE: BAC), J.P. Morgan Chase (NYSE: JPM) and MetLife (NYSE: MET). Given that the Professor was among the first to make this, he...
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Broker Dealer ETF Looking Bearish (IAI)
Friday, November 6, 2009 - 3:18pm | 123Despite the fact tha the iShares Dow Jones US Broker-Dealers ETF (NYSE: IAI) is trading up a little bit, the ETF Professor cautions you about a bearish tint IAI's chart, which may be forming a bearish flag pattern after a recent sell-off. IAI, which holds Goldman Sachs (NYSE: GS), Morgan Stanley (...