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Stock Market News for Jan 20, 2011 - Market News
Thursday, January 20, 2011 - 9:15am | 1330Read More...On Wednesday, markets sunk lower to close in the red after disappointing results from Goldman Sachs' (NYSE:GS) and Cree Inc (NASDAQ:CREE). Results from these companies pressured financial and tech stocks to fall and the market slid from the record highs it touched on Tuesday. The Dow Jones...
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Citigroup Reiterates Buy Rating On GS
Thursday, January 20, 2011 - 9:03am | 167Read More...Goldman Sachs Group, Inc. (NYSE: GS) sold-off ~5% today after reporting a modest EPS miss ($3.79 vs. Citi $3.85 est and consensus of $3.76) w/ expectations likely higher given JPM's recent results, Citigroup reports. “Versus our estimates the miss was driven by FICC and equities, offset by gains in...
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Benzinga's Top Downgrades (QLGC, BCSI, STT, GS)
Thursday, January 20, 2011 - 8:43am | 139Read More...QLogic Corporation (NASDAQ: QLGC) was downgraded by BMO Capital from "outperform" to "market perform." QLGC's shares closed at $17.92 yesterday. QLogic's PEG ratio is 1.08. Blue Coat Systems Inc (NASDAQ: BCSI) was downgraded by BofA/Merrill from "neutral" to "underperform." BCSI's stock closed at $...
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A Peek Into The Market Before The Trading Starts
Thursday, January 20, 2011 - 8:06am | 416Read More...Pre-open movers US stock futures are lower this morning as investors are awaiting economic data on weekly jobless claims and home sales. Futures on the Dow Jones Industrial Average dropped 29 points to 11,757, while S&P 500 futures declined 3.2 points to 1,275. Nasdaq 100 futures lost 4 points...
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Morgan Stanley Reports Upbeat Q4 Earnings
Thursday, January 20, 2011 - 7:42am | 55Read More...Morgan Stanley (NYSE: MS) reports its Q4 EPS at $0.43, versus the consensus of $0.35. MS reports its Q4 revenue at $7.8 billion, versus the estimates of $7.35 billion. MS shares gained 1.80% to $28.25 in pre-market trading. Read more from Benzinga's Company news.
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Ticonderoga Downs GS To Neutral
Thursday, January 20, 2011 - 7:13am | 41Read More...Analysts at Ticonderoga downgrade Goldman Sachs Group Inc (NYSE: GS) from “buy” to “neutral.” GS shares fell 4.69% to close at $166.49 yesterday. More Analyst Ratings here
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US Stock Futures Down As Investors Await Morgan Stanley Results, Economic Data
Thursday, January 20, 2011 - 6:56am | 491Read More...US stock futures are lower this morning as investors are awaiting earnings report from Morgan Stanley (NYSE: MS) and economic data on weekly jobless claims and home sales. Futures on the Dow Jones Industrial Average dropped 21 points to 11,765.00, while S&P 500 futures declined 1.3 points to 1,...
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Earnings Scheduled For January 20 (AMD, COF, GOOG, JCI, MS, UNH, LUV, IBKR, FCS, UNP, MI, FITB, ISRG, MXIM, COL, TEL)
Thursday, January 20, 2011 - 3:50am | 426Read More...Advanced Micro Devices Inc (NYSE: AMD) is expected to report its Q4 EPS at $0.11 on revenue of $1.63 billion. Capital One Financial Corporation (NYSE: COF) is forecast to report its Q4 earnings at $1.27 per share on revenue of $3.87 billion. Google Inc (NASDAQ: GOOG) is projected to report its Q4...
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Stocks To Watch For January 20 (GOOG, EBAY, JCI, STX, MS)
Thursday, January 20, 2011 - 3:36am | 227Read More...Some of the stocks that may grab investor focus today are: Wall Street expects Google Inc (NASDAQ: GOOG) to report its Q4 EPS at $8.07. GOOG shares fell 0.18% to $630.62 in after-hours trading. eBay Inc (NASDAQ: EBAY) reported its Q4 net income of $0.42 per share, down from $1.02 per share, in the...
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Goldman Beats on Fundamentals - Analyst Blog
Wednesday, January 19, 2011 - 11:01pm | 1279Read More...The Goldman Sachs Group Inc.'s (GS) fourth quarter 2010 earnings per share of $3.79 outpaced the Zacks Consensus Estimate of $3.73. In spite of challenging economic conditions, the company stood to gain from a solid balance sheet and global clients. Goldman's results were nevertheless affected by...
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Goldman Beats on Fundamentals - Analyst Blog
Wednesday, January 19, 2011 - 11:01pm | 1279Read More...The Goldman Sachs Group Inc.'s (GS) fourth quarter 2010 earnings per share of $3.79 outpaced the Zacks Consensus Estimate of $3.73. In spite of challenging economic conditions, the company stood to gain from a solid balance sheet and global clients. Goldman's results were nevertheless affected by...
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Selling Hits SPY, AAPL and GS
Wednesday, January 19, 2011 - 10:38pm | 696Read More...Follow me on Twitter! Selling pressure was heavy today and US equity markets. SPY was down nearly 1% and Apple (AAPL) closed down .53% even after reporting solid earnings and a positive outlook. Goldman Sachs (GS) suffered even heavier losses today, down 4.69%. So what does this mean and where...
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ETF News Update: A Day of Major Stock Market Misses (GLD, UUP, USO, GS)
Wednesday, January 19, 2011 - 10:13pm | 377Read More...It was a day of market misses for ETFs and stocks in world markets as economic and employment reports disappointed and missed the targets set down by the “experts.” December Housing Starts came in at 529k versus 550k expected and a prior reading of 553k, indicating ongoing weakness in the all...
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Benzinga's Top ETF Gainers, January 19th (SRTY, SOXS, FAZ, VXX)
Wednesday, January 19, 2011 - 6:46pm | 230Read More...ProShares UltraPro Short Russell2000 ETF (NYSE: SRTY) jumped 7.71% today, and closed at $22.50 as the Russell 2000 Index struggled. SRTY had a volume of 229K traded shares. Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) jumped 6.75% on Wednesday. In the semiconductor space, NVIDIA...
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Small Caps More Sensitive to Domestic Economic Conditions 01-19-2011
Wednesday, January 19, 2011 - 6:17pm | 894Read More...Cusick's Corner The Small Caps, higher Beta stocks (IWM), were the real movers to the downside today. This raises a potential red flag because these markets are more sensitive to domestic economic conditions. If the economy at home does look like it is potentially slowing, then these stocks in...
