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Gabelli Raises AMTD EPS Estimates
Friday, March 25, 2011 - 9:07am | 63Gabelli has issued a report raising 2011 and 2012 EPS estimates for TD Ameritrade Holding Corp (NASDAQ: AMTD). According to the report, “We are raising our 2011 and 2012 EPS estimates to $1.20 and $1.50, from $1.15 and $1.45 respectively, due to stronger than expected trading volume and larger...
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Goldman Sachs Reports On MS Meeting
Friday, March 25, 2011 - 7:13am | 152Goldman Sachs has issued a report following a meeting with the CFO of Morgan Stanley (NYSE: MS). According to Goldman Sachs, "While the challenges facing the firm are well known and likely to remain a shareholder concern until MS completes this stage of its Securities rebuild, GWM integration, and...
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Citi Confident In Goldman Sachs
Friday, March 25, 2011 - 6:17am | 130Citi attended meetings with Goldman Sachs (NYSE: GS) Chief Accounting Officer and updated on those meetings. According to Citi, "We came away w/ greater confidence in Goldman's ability to manage risk given conservatism applied in preparation of financials, rigorous focus on fair value pricing and...
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Hyperdynamics Prices Public Offering of Common Stock
Friday, March 25, 2011 - 6:10am | 89Hyperdynamics Corporation (NYSE: HDY) today announced that its public offering of 25,000,000 shares of its common stock has priced at $5.00 per share for gross proceeds of approximately $125,000,000. The Company has granted the underwriter a 45 day option to purchase up to an additional 3,750,...
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Sanders Morris Harris Group Announces Quarterly Dividend Of $0.05 Per Share
Thursday, March 24, 2011 - 2:01pm | 125Sanders Morris Harris Group Inc. (NASDAQ: SMHG) today announced that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.05 per share of common stock. The dividend will be payable on April 18, 2011 to common shareholders of record at the close of business on April...
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Puts Purchased on Investment Technology Group (ITG)
Thursday, March 24, 2011 - 10:16am | 127Shares of Investment Technology Group (NYSE: ITG) are lower on the session by 0.38%, currently trading at $18.32. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...
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Goldman Sachs Neutral On Raymond James Financial (RJF)
Thursday, March 24, 2011 - 6:53am | 259Goldman Sachs has a Neutral rating and a $41 price target on shares of Raymond James Financial, Inc. (NYSE: RJF) after the company reported earnings. In a note to clients, Goldman writes, "Total securities commissions and fees continue to outperform and we forecast continued strength. With one...
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18 Stocks The Street Is Buying.
Wednesday, March 23, 2011 - 3:01pm | 198By far one of my best screens in determining who is buying what on the street! What you will find are those stocks that, among other variables that I use, 1) Gaining an increased amount of coverage by brokerage firms and analysts, and 2) Being upgraded on a regular basis. This is a good screen...
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18 Stocks The Street Is Buying.
Wednesday, March 23, 2011 - 3:01pm | 199By far one of my best screens in determining who is buying what on the street! What you will find are those stocks that, among other variables that I use, 1) Gaining an increased amount of coverage by brokerage firms and analysts, and 2) Being upgraded on a regular basis. This is a good screen...
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Lloyd Blankfein Takes Stand At Rajaratnam Trial (GS)
Wednesday, March 23, 2011 - 12:28pm | 20Goldman Sachs' (NYSE: GS) CEO Lloyd Blankfein Takes Stand At Rajaratnam Trial.
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Goldman Sachs CEO Takes The Stand (GS, BRK)
Wednesday, March 23, 2011 - 11:28am | 231Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein took the stand at Galleon Group co-founder Raj Rajaratnam's insider-trading trial today. Blankfein testified for the prosecution, asserting that Rajat Gupta violated policies when he revealed confidential information from Goldman Sachs' business plans....
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Benzinga's Top Upgrades (JEF, OC, CSX, BG)
Wednesday, March 23, 2011 - 7:17am | 131Jefferies Group Inc (NYSE: JEF) was upgraded by Ticonderoga from "neutral" to "buy." JEF's shares closed at $24.48 yesterday. Jefferies' PEG ratio is 0.96. BofA/Merrill upgraded Owens Corning Inc (NYSE: OC) from “neutral” to “buy.” OC's shares closed at $33.92 yesterday. Owens Corning's PEG ratio...
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Morgan Stanley Announces New Algorithmic Trading Product
Wednesday, March 23, 2011 - 7:07am | 59Morgan Stanley (NYSE: MS) today announced the launch of Morgan Stanley Fix, an over-the-counter algorithmic trading product which provides institutional clients with flow-weighted average pricing (F-WAP) in currencies. Similar to volume-weighted average pricing (V-WAP) in exchange traded markets, F...
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Oppenheimer Has Perform Rating On Jefferies Group (JEF)
Wednesday, March 23, 2011 - 6:58am | 157Oppenheimer & Co. has a Perform rating on shares of Jefferies Group (NYSE: JEF). In a note to clients, Oppenheimer writes, "JEF appears to be firing on all cylinders and posted another strong quarter; the company surprised on the upside across almost all business lines. We continue to like the...
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KBW Reiterates Outperform on Jefferies Group (JEF)
Wednesday, March 23, 2011 - 6:55am | 111KBW is out with its report today on Jefferies Group (NYSE: JEF), reiterating Outperform. In a note to clients, KBW writes, "JEF generated record net revs. of $758 mil. which was 20% ahead of our est. and $0.42 in EPS which compares to our $0.36 which is also consensus. Equity and in particular...