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Options Brief: TD Ameritrade Holding Corporation (AMTD)
Monday, January 10, 2011 - 11:44am | 92Shares of TD Ameritrade Holding Corporation (NASDAQ: AMTD) are higher on the session by 0.29%, trading at $19.70. Overall put volume is now running at 8.11x the daily average, with 0% of all puts traded being purchases on the offer. 1,119 contracts have traded on the session so far. TD Ameritrade...
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Stock Market News for Jan 10, 2011 - Market News
Monday, January 10, 2011 - 9:31am | 890On Friday, the markets sunk to close in the red as financial stocks plunged following the court's ruling of two foreclosures as invalid. Disappointing jobs growth data also added to the concern of the nervy investors and led the indices down. The Dow Jones Industrial Average lost 0.19% and...
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Company News for January 10, 2011 - Corporate Summary
Monday, January 10, 2011 - 9:31am | 762• DuPont (NYSE:DD) reported plans to purchase Danish firm Danisco for $5.8 billion in cash, which is expected to cut 2011 earnings of $3.30-$3.60 by a range of $0.30-$0.45 per share • Playboy Enterprises (NYSE:PLA) is reportedly going private at $6.15 per share • Duke Energy (NYSE:DUK) announced...
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Massachusetts Foreclosure Ruling Threatens Mortgage Handling (WFC, USB, BAC, GS, XLF)
Monday, January 10, 2011 - 9:23am | 471The Supreme Judicial Court in Massachusetts made a pivotal ruling on Friday against U.S. Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC) in a mortgage foreclosure case. The higher court confirmed the lower court's ruling which invalidated several foreclosure sales because proof of mortgage...
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Company News for January 10, 2011 - Corporate Summary
Monday, January 10, 2011 - 9:19am | 762• DuPont (NYSE:DD) reported plans to purchase Danish firm Danisco for $5.8 billion in cash, which is expected to cut 2011 earnings of $3.30-$3.60 by a range of $0.30-$0.45 per share • Playboy Enterprises (NYSE:PLA) is reportedly going private at $6.15 per share • Duke Energy (NYSE:DUK) announced...
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Stock Market News for Jan 10, 2011 - Market News
Monday, January 10, 2011 - 9:07am | 890On Friday, the markets sunk to close in the red as financial stocks plunged following the court's ruling of two foreclosures as invalid. Disappointing jobs growth data also added to the concern of the nervy investors and led the indices down. The Dow Jones Industrial Average lost 0.19% and...
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JP Morgan Raises 2011 Estimates On Evercore Partners
Monday, January 10, 2011 - 8:47am | 142JP Morgan has published a research report on Evercore Partners, Inc. (NYSE: EVR) as the company experiences improvement among its M&A pipeline and transition in its equities. In the report, JP Morgan writes "We are adjusting our estimates for Evercore based on the publicly available deal...
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Playboy Going Private (PLA)
Monday, January 10, 2011 - 8:23am | 197Shares of Playboy (NYSE: PLA) are up over 18% in pre-market trading, after reports that the legendary publishing company is going private this morning for $6.15 per share. Icon Acquisition Holdings, L.P., a limited partnership controlled by Hugh Hefner is going to buy the company. Icon Acquisition...
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Goldman Traders To Start Hedge Fund (GS)
Monday, January 10, 2011 - 7:33am | 84According to Reuters, the last large proprietary trading team at Goldman Sachs (NYSE: GS) plans to leave and start an independent hedge fund based out of London. The team received a $300 million investment from another hedge fund, Brummer & Partners. Many Wall Street banks have been phasing out...
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JP Morgan Raises PT On Evercore Partners
Monday, January 10, 2011 - 7:29am | 28JP Morgan has raised the price target on Evercore Partners, Inc. (NYSE: EVR) from $26.50 to $34 and maintains its Neutral rating.
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Morgan Stanley Reshuffles Execs - Analyst Blog
Friday, January 7, 2011 - 2:03pm | 592Yesterday, Morgan Stanley (MS) announced the reshuffling of its top executives in an effort to focus on growth capabilities in the fast-growing emerging markets. In order to align its business and geographic objectives in an improved manner, MS announced that the co-presidents of the bank's...
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Morgan Stanley Reshuffles Execs - Analyst Blog
Friday, January 7, 2011 - 1:37pm | 592Yesterday, Morgan Stanley (MS) announced the reshuffling of its top executives in an effort to focus on growth capabilities in the fast-growing emerging markets. In order to align its business and geographic objectives in an improved manner, MS announced that the co-presidents of the bank's...
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U.S. Mega Banks in Expansion Mode - Analyst Blog
Friday, January 7, 2011 - 11:03am | 708As expected, JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS) have received the approval for setting up securities businesses through joint ventures (JVs) in mainland China from the China Securities Regulatory Commission (CSRC). This was separately announced by these two banks on Thursday...
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Profiting from China's Export Ban
Friday, January 7, 2011 - 10:33am | 1218Yesterday rare earth stocks sold off quickly. The timing was perfect as I wrote a bullish article on this sector, suggesting that these stocks had further to run. For those who are invested in this space, or are looking to add exposure, days like yesterday when many...
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Profiting from China's Export Ban
Friday, January 7, 2011 - 10:33am | 1218Yesterday rare earth stocks sold off quickly. The timing was perfect as I wrote a bullish article on this sector, suggesting that these stocks had further to run. For those who are invested in this space, or are looking to add exposure, days like yesterday when many...