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Morgan Stanley (MS) Consolidating Before the Drop
Friday, November 6, 2009 - 1:38pm | 72Morgan Stanley (NYSE: MS) keeps trading within its consolidation zone but the underlying short term trend is down. Morgan Stanley trades at $32 today but it projects a downside target of $28 if the move happens. Put Options buyers should play this bet while the stock still is inside this zone, it...
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Potential Fly in Bull Ointment: Early Stage Head and Shoulders Formation
Friday, November 6, 2009 - 12:37pm | 902Many things we are seeing now on the charts are similar to what was happening mid summer. Many of us (hand raised) were excited about a potential "head and shoulders" formation that was in process of being created. (what the heck is a head and shoulders? see here) Literally we were a handful of S...
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Uproar As Wall Street Firms Get Swine Flu Vaccine Ahead Of Others
Friday, November 6, 2009 - 9:32am | 131FT reported that there was criticism as some Wall Street firms managed to get swine flu vaccine ahead of high-risk groups. The companies include Goldman Sachs Group, Inc. (NYSE: GS) Morgan Stanley (NYSE: MS) and Citigroup Inc. (NYSE: C). These vaccines were supplied for free by the government....
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Lazard’s (LAZ) Successor In Line
Friday, November 6, 2009 - 8:50am | 59The most famous franchises of recent times is that of the boutique investment bank Lazard (NYSE: LAZ). But with the untimely demise of CEO Bruce Wasserstein, everything seems to have come to a stop. After Steven Golub, the interim CEO, the board has zeroed in on two potential candidates, Gary Parr...
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Cramer Would Buy GS, SMS, ECA, WEN
Thursday, November 5, 2009 - 4:16pm | 152CNBC's Mad Money Jim Cramer thinks that Goldman Sachs (NYSE: GS) is inexpensive and it is going ultimately higher. Goldman Sachs (GS) is up 1.94% today. Cramer is also bullish on Sims Metals Mangement Group (NYSE: SMS) as he thinks scrap metals prices have hit the bottom and are going up. SMS is...
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NASDAQ Rallies Hard Today But Still Lagging on the Daily Charts
Thursday, November 5, 2009 - 2:09pm | 133Nasdaq market has been lagging badly over the past few weeks which makes the case that today’s rally is just a part of a Sell Rally and part of a very clear right shoulder. Key financial stocks such as Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) also look vulnerable. Indicators suggest...
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Zero-Interest Benefits Goldman Sachs (GS)
Thursday, November 5, 2009 - 10:59am | 111Goldman Sachs (NYSE: GS)perhaps benefits the most from Federal Reserve’s zero interest policy. Its Financial Statements contain a rate of 0.92% rate on long term borrowings of $203 billion, Goldman Sachs’s largest debt source, thus sending the bottom line higher. The firm’s rate is still lower than...
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Morgan Stanley (NYSE:MS) and Financial’s Rally Fades out – Will Markets Follow Tomorow?
Wednesday, November 4, 2009 - 2:20pm | 81Morgan Stanley (NYSE: MS) is trading lower today as are many other key financial sector stocks, this is usually foretelling of a down move in the markets, Technically markets can continue correcting lower. Morgan Stanley is used as an indicator only, it is not advised to trade the downside using...
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Goldman Sachs (GS) Q3 Winning Percentage: 98.4%
Wednesday, November 4, 2009 - 11:16am | 736Well, here I thought it would be in Goldman Sachs' (GS) interest to "lose" a few days on purpose to make it look like the game is not quite so rigged, but the firm believed that the previous quarter's winning percentage could be bested [Aug 5, 2009: Goldman Sachs Q2 Winning Percentage - 97%] and...
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Chris Christie Defeats Jon Corzine
Tuesday, November 3, 2009 - 11:21pm | 84Republican Chris Christie has defeated incumbent Democrat and ex-Goldman Sachs (NYSE: GS) exec Jon Corzine to become New Jersey's next Governor. It appears indepentant voters heavily favored Chris Christie in today's vote. Voters could have been tired of the same old politics that John Corzine...
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Deeper and Longer Market Correction Feared, as Financials Fall
Tuesday, November 3, 2009 - 11:39am | 123Goldman Sachs Group, Inc. (NYSE: GS), Bank of America Corporation (NYSE: BAC)and Morgan Stanley (NYSE: MS) are all trading lower today raising doubts as to whether the major market indices can resume their rally any time soon. It appears these stocks, Goldman Sachs, Bank of America and Morgan...
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Burlington Northern Santa Fe Thinks They Got A Fair Premium
Tuesday, November 3, 2009 - 10:43am | 186Burlington Northern Santa Fe Corporation (NYSE: BNI) said this morning that they got a very fair deal. BNI received a 30% premium to its average stock price over the past 10 days. Burlington Northern independently consulted with both Goldman Sachs (NYSE: GS) and Evercore and both investment banks...
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5 Small Cap Stocks with Highest Cash (FRE, FNM, MF)
Tuesday, November 3, 2009 - 10:43am | 189Below are interesting small cap stocks on the NASDAQ and NYSE with the highest cash. Freddie Mac (NYSE: FRE) has a total cash of 305.83 billion and a market capitalization of $745.6 million. IBKR shares are trading significantly lower than its 52 week high of $24.47. FRE shares are trading at a...
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Morgan Stanley (MS) Appears Positive About Windows 7
Tuesday, November 3, 2009 - 9:58am | 178Although Microsoft Corporation (NASDAQ: MSFT) released its Windows 7 software only recently, Morgan Stanley (NYSE: MS)’s analyst Kathryn Huberty had something positive to say about it. While she did note that it was too early to arrive at a conclusion on Windows 7, information available indicates...
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An ETF For M&A's Rebound
Monday, November 2, 2009 - 7:42pm | 217There was some decent M&A activity today with Denbury Resources' (NYSE: DNR) $3.2 billion purchase of Encore Acquisition (NYSE: EAC) announced before the bell and Stanley Works' (NYSE: SWK) $4.5 billion buy of Black & Decker (NYSE: BDK) announced after the close. Throw in CF Industries (...