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Market Update (TOT, NBL, SHLD, SNIC, AIG, MS, GS)
Wednesday, December 29, 2010 - 12:19pm | 221Oil and gas stocks gained, along with the broader market. The NYSE Arca Oil Index (XOI) rose about 0.73%, with Total S.A (NYSE: TOT) as the top gainer in the list. The NYSE Arca Natural Gas Index (XNG) gained around 0.73%. Shares of Noble Energy Inc (NYSE: NBL) gained about 3.14%. The Philadelphia...
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Company News for December 29, 2010 - Corporate Summary
Wednesday, December 29, 2010 - 10:33am | 520• Citigroup (NYSE:C) CEO Pandit remarked that his firm is ready for any sort of regulatory changes • FBR reiterated an "outperform" rating on Fairchild Semiconductor (NYSE:FCS), raising the price target from $20 to $22 • Kaufmann reiterated a "buy" rating on IPC The Hospitalist Company (NASDAQ:IPCM...
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Investors File Individual Claims Against Schwab YieldPlus
Wednesday, December 29, 2010 - 10:18am | 47The Securities Law Firm of Mark A. Tepper, P.A. has filed individual claims against Charles Schwab (Nasdaq: SCHW), alleging the discount brokerage firm misrepresented that the Schwab YieldPlus Fund was suitable as "a smart alternative for your cash."
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Company News for December 29, 2010 - Corporate Summary
Wednesday, December 29, 2010 - 10:03am | 520• Citigroup (NYSE:C) CEO Pandit remarked that his firm is ready for any sort of regulatory changes • FBR reiterated an "outperform" rating on Fairchild Semiconductor (NYSE:FCS), raising the price target from $20 to $22 • Kaufmann reiterated a "buy" rating on IPC The Hospitalist Company (NASDAQ:IPCM...
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Tuesday's Put/Call Ratio Leaders (CECO, SLM, OXPS, WAG, GGP)
Tuesday, December 28, 2010 - 1:25pm | 92Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Career Education Corp. (NASDAQ: CECO) 2,826 puts, 93 calls 2. SLM Corporation (NYSE: SLM) 2,560 puts, 184 calls 3. OptionsXpress Holdings (NASDAQ: OXPS) 11,389 puts, 1,699 calls 4....
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Goldman To Play Down Risk Taking - Analyst Blog
Tuesday, December 28, 2010 - 1:18pm | 598To discourage the employees inherent attitude of taking excessive risk, Goldman Sachs Group Inc. (GS) has devised a new compensation plan. According to a regulatory filing made by the company last week, this incentive plan, which supplements its current compensation programs, will reward the key...
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Trading Ideas For Citigroup (C)
Tuesday, December 28, 2010 - 11:47am | 880Strong Quarterly Results Citigroup (NYSE: C), 2010 Q3 Earnings were $.10 vs. $.07 consensus estimate. This is a 43% upside surprise beat. Q3 net income was $2.2 Billion dollars with revenues of $20.7 Billion dollars. Year-to-date, C is up over 41%, and holds a Tier 1 capital ratio of 10.3%. CEO...
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Options Brief: optionsXpress Holdings, Inc. (OXPS)
Tuesday, December 28, 2010 - 11:16am | 82Shares of optionsXpress Holdings, Inc. (NASDAQ: OXPS) are higher on the session by 0.31%, trading at $15.85. Overall put volume is now running at 2.35x the daily average, with 37% of all puts traded being purchases on the offer. 8,117 contracts have traded on the session so far. optionsXpress...
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Consumer Electronics Expo Pessimistic About Microsoft (MSFT, AAPL, GOOG)
Tuesday, December 28, 2010 - 10:46am | 406CEO Steve Ballmer of Microsoft (NASDAQ: MSFT) is set to unveil new software for tablets at the Consumer Electronics Show next week. Pessimism is already looming over the Windows-based model by Apple (NASDAQ: AAPL) iPad enthusiasts. Keith Goddard, CEO of Capital Advisors, holds AAPL shares and...
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Company News for December 28, 2010 - Corporate Summary
Tuesday, December 28, 2010 - 10:33am | 680• JP Morgan (NYSE:JPM), Citigroup (NYSE:C), Morgan Stanley (NYSE:MS) Bank of America (NYSE:BAC), Barclays (NYSE:BCS) and Credit Suisse (NYSE:CS) have initiated coverage on General Motors (NYSE:GM) All the analysts have started their coverage with "buy" or "outperform" ratings, with JP Morgan...
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Company News for December 28, 2010 - Corporate Summary
Tuesday, December 28, 2010 - 10:10am | 680• JP Morgan (NYSE:JPM), Citigroup (NYSE:C), Morgan Stanley (NYSE:MS) Bank of America (NYSE:BAC), Barclays (NYSE:BCS) and Credit Suisse (NYSE:CS) have initiated coverage on General Motors (NYSE:GM) All the analysts have started their coverage with "buy" or "outperform" ratings, with JP Morgan...
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Rodman & Renshaw Acts as Exclusive Placement Agent to BioSante Pharmaceuticals,on $18.0 Million RDO
Tuesday, December 28, 2010 - 9:34am | 53Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), announced that it acted as the exclusive placement agent to BioSante Pharmaceuticals Inc. (NASDAQ: BPAX) on the Company's $18.0 million registered direct offering.
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Should Bank Bonuses Be Disclosed? (GS, MS, JPM, C, BAC)
Tuesday, December 28, 2010 - 9:20am | 173Many want the bonuses of bankers at Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), J.P. Morgan (NYSE: JPM) and Bank of America (NYSE: BAC) disclosed, but is it legal? The hope here is that the stock market would give bankers more incentive to do more for their clients,...
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Market Drift 12-27-2010
Monday, December 27, 2010 - 3:32pm | 767Cusick's Corner The market is drifting back and forth like the snow. Trading volumes are pretty low today, some traders are still on holiday and the blizzard on the East Coast kept many traders home. The rest of the week may be rather quiet unless there are some major domestic or international...
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Who's Going To Replace Larry Summers?
Monday, December 27, 2010 - 3:28pm | 200President Obama is supposedly going to name a new economic adviser to replace the outgoing Larry Summers. Robert Gibbs, who was on CNN's "State of the Union" program, said there were no expectations for major changes in Obama's cabinet. "I expect the president will make a new announcement on a new...