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Oppenheimer Announces Price Target Changes (WFC, USB, MS, JPM, C, GS)
Wednesday, December 22, 2010 - 9:25am | 92Oppenheimer announces price target changes on the following companies: Wells Fargo (NYSE: WFC) from $42 to $44. US Bancorp (NYSE: USB) from $29 to $31. Morgan Stanley (NYSE: MS) from $32 to $34, JPMorgan Chase (NYSE: JPM) from $60 to $63. Citigroup (NYSE: C) from $5.20 to $5.50 Goldman Sachs (NYSE...
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Goldman Sachs' O'Neill: GDP At Leat Up 3.5% In 2011
Wednesday, December 22, 2010 - 8:28am | 46Goldman Sachs' (NYSE: GS) O'Neill on CNBC today projected that GDP in 2011 will be at least 3.5%, "maybe a couple quarters where it's up 4." In January, February, and March, O'Neill claimed that payroll numbers will also start to improve.
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Incyte Climbs 8.2% After Its Drug Meets Goals (INCY)
Tuesday, December 21, 2010 - 5:51pm | 242Shares of Incyte Corporation (Nasdaq: INCY) ended the day up 8.2% at $16.43 per share. Incyte Corporation reported after the market closed on Monday that its INCB18424 drug had a response rate of 42% in patients with myelofibrosis (MF), which caused its shares to start Tuesday trading significantly...
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Financial Stocks Rise (BAC, WFC, GS, MS, C, XLF)
Tuesday, December 21, 2010 - 3:20pm | 133Financial stocks have been leading the market higher on Tuesday after Toronto-Dominon Bank announced a $6.3 billion takeout of Chrysler Financial. Investors are bidding up financial stocks in the belief that similar deals could be on the horizon. Here is a look at how some of the most widely held...
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Options Brief: TD Ameritrade (AMTD)
Tuesday, December 21, 2010 - 3:06pm | 92Shares of TD Ameritrade Holding Corporation (NASDAQ: AMTD) are higher on the session by 2.09%, trading at $18.99. Overall put volume is now running at 2.17x the daily average, with 70% of all puts traded being purchases on the offer. 1,550 contracts have traded on the session so far. TD Ameritrade...
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Curbs on Bankers' Cash Pay Likely - Analyst Blog
Tuesday, December 21, 2010 - 2:33pm | 554In order to restrain excessive risk-taking, U.S. regulators are pondering over forcing some of the nation's mega banks to award executives half or more of their pay in stock or other deferred compensation, the Wall Street Journal reported on Monday. The target banks include Bank of America Corp...
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Curbs on Bankers' Cash Pay Likely - Analyst Blog
Tuesday, December 21, 2010 - 2:00pm | 554In order to restrain excessive risk-taking, U.S. regulators are pondering over forcing some of the nation's mega banks to award executives half or more of their pay in stock or other deferred compensation, the Wall Street Journal reported on Monday. The target banks include Bank of America Corp...
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TRANSALTA CORP (TAC) - Profit Tracks
Tuesday, December 21, 2010 - 12:03pm | 625Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid...
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Company News for December 21, 2010 - Corporate Summary
Tuesday, December 21, 2010 - 10:36am | 944• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy (NYSE:MEE) • According to...
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Company News for December 21, 2010 - Corporate Summary
Tuesday, December 21, 2010 - 10:02am | 944• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy (NYSE:MEE) • According to...
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Goldman Has Sell Rating On Jefferies Group Inc. (JEF)
Tuesday, December 21, 2010 - 9:52am | 207Goldman Sachs has a Sell rating and a $23 price target on shares of Jefferies Group Inc. (NYSE: JEF). In a note sent to clients, Goldman writes, "JEF reported F4Q10 EPS of $0.35, ahead of consensus of $0.32 and the GS estimate of $0.29. The upside owed to better than estimated results out of FICC,...
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Oppenheimer Says Incyte Will Outperform (INCY)
Tuesday, December 21, 2010 - 8:55am | 174Oppenheimer & Co. has an Outperform rating and a $22 price target on shares of Incyte Corporation (NASDAQ: INCY). In a note sent to clients, Oppenheimer writes, "On 12/20, INCY announced strong top-line ph.III COMFORT-1 results for INCB18424 in myelofibrosis (MF). '424's spleen reduction...
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TRANSALTA CORP (TAC) - Profit Tracks
Tuesday, December 21, 2010 - 1:00am | 625Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid...
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Incyte Up 5% In Post-Market On Phase III Data (INCY)
Monday, December 20, 2010 - 5:24pm | 558Incyte Corporation (Nasdaq: INCY) announced today positive top-line results from COMFORT-I, the pivotal Phase III clinical trial of INCB18424 (also known as INC424) in patients with myelofibrosis (MF) being conducted under a Food and Drug Administration (FDA) Special Protocol Assessment (SPA)...
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GFI Group Inc. Closes on $200M Bank Facility
Monday, December 20, 2010 - 5:24pm | 44GFI Group Inc. (NYSE: GFIG) announced today that it has entered into a $200 million amended bank facility, which matures in December of 2013. This facility replaces the existing $175 million bank facility that would have matured in February 2011.