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Does Abercrombie & Fitch (ANF) Have More Upside Potential?
Friday, December 10, 2010 - 10:02am | 2038After months and months in the red ink, Abercrombie & Fitch (NYSE:ANF) has shown a marked improvement in its recent sales numbers. Same-store sales grew by 22% (year over year) in December, easily topping estimates. Monthly sales numbers have been positive during the last six months after...
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Mad Money Lightning Round: Cramer Advises Investors To Buy BlackRock (LLY, DECK, CMI, OXPS, AXP, V, MRK, ABT, BLK)
Friday, December 10, 2010 - 4:21am | 265On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Eli Lilly (NYSE: LLY) is a “dividend play. I'll put it in the don't-buy camp. We need a bug drug from Lilly and they don't have it." For Deckers Outdoor (NASDAQ: DECK), he mentioned, "I think in light of what others are doing, I...
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Financial Stocks May Have More In The Tank Into New Years
Thursday, December 9, 2010 - 1:16pm | 240Financial stocks like Goldman Sachs Group, Inc. (NYSE: GS) and Wells Fargo & Company (NYSE: WFC) may have just a little more left in the tank prior to a significant pull back. Note the chart below of Goldman Sachs. It shows key resistance points nearing but not yet hit. This is by no means a...
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Goldman Sachs Adjusts E*TRADE Estimates
Thursday, December 9, 2010 - 12:51pm | 90Goldman Sachs reports that E*TRADE Financial Corporation's (NASDAQ: ETFC) CEO Steven Freiberg presented a new corporate strategy for ETFC today and, while not a simple list of target ideas, the strategy focuses on ETFC's strengths – robust brand, solid brokerage, mix of businesses – to offset other...
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SWS Group Cancels Offering, Shares Surge 8.7% (SWS)
Thursday, December 9, 2010 - 11:43am | 157Shares of SWS Group, Inc. (NYSE: SWS) are trading up 8.7% at $4.25 per share during the Thursday morning trading session. The day's trading range for shares of SWS Group, Inc. (SWS) has been between $4.20 and $4.40 per share. Analysts covering the company's stock give it a consensus price target of...
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Stock Market News For Dec 9, 2010 - Market News
Thursday, December 9, 2010 - 10:30am | 1212On Wednesday, markets closed slightly higher and the S&P 500 index surged to its highest level since September 2008. A rally in financial stocks coupled with investors' optimism about the extension of Bush-era tax cuts helped the markets turn green. Investors' concerns about the rising...
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Stock Market News For Dec 9, 2010 - Market News
Thursday, December 9, 2010 - 10:09am | 1212On Wednesday, markets closed slightly higher and the S&P 500 index surged to its highest level since September 2008. A rally in financial stocks coupled with investors' optimism about the extension of Bush-era tax cuts helped the markets turn green. Investors' concerns about the rising...
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Goldman Breathes As E*TRADE Begins To Take Shape
Thursday, December 9, 2010 - 9:36am | 263Goldman Sachs has published a research report on E*Trade Financial Corporation (NASDAQ: ETFC) after the company presented new strategies for the future. In the report, Goldman writes "ETFC CEO Steven Freiberg presented a new corporate strategy for ETFC today and, while not a simple list of target...
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Morgan Stanley Reigns Supreme Among Underwriters (MS)
Wednesday, December 8, 2010 - 3:50pm | 239Morgan Stanley (NYSE: MS) tops the global ranking in equity underwriting year-to-date and has its highest market share in the category in six years thanks to its role as lead bookrunner of the Treasury Department's sale of its remaining stake in Citigroup Inc. (NYSE: C). Morgan Stanley - which...
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Goldman Sachs Soars (GS)
Wednesday, December 8, 2010 - 3:43pm | 38Shares of Goldman Sachs (GS) hitting fresh session highs of $165.83 today. At last check shares were up 2.6% from yesterday's close, despite circulating rumors about increased insider trading and upcoming information-sharing investigations.
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Market Roundup (JBLU, HD, KFN, LNC, GS, MS, MTG, OXY)
Wednesday, December 8, 2010 - 1:36pm | 259Shares of JetBlue Airways Corp (NASDAQ: JBLU) dropped about 6.3% after the company reduced its Q4 revenue per available seat mile projections. JBLU shares have surged 19% year-to-date. Shares of Home Depot (NYSE: HD) gained about 1.1% after the company projected its 2011 profit to rise 11% to 13%...
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Goldman Sachs Could Care Less About Insider Trading Probe Threats (GS)
Wednesday, December 8, 2010 - 1:31pm | 72Leaving yesterday's rumors about more insider trading probes in the dust, Goldman Sachs (NYSE: GS) is hitting fresh session highs in today's trading session, up 1.7% from yesterday's close and up over 5% in December. A Reuters article yesterday about ramped-up insider trading investigations was...
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Calls Active on E*Trade Financial Corp. (ETFC)
Wednesday, December 8, 2010 - 11:29am | 168Shares of E*TRADE Financial Corporation (NASDAQ: ETFC) are higher on the session by 0.45%, currently trading at $15.64. The stock has been moving largely higher over the past five months, rallying from a recent low near $11.50, and is currently trading above the 50-day and 200-day moving averages....
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Company News for December 8, 2010 - Corporate Summary
Wednesday, December 8, 2010 - 11:03am | 688• Costco (NASDAQ: COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&R Block (NYSE: HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss,...
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Company News for December 8, 2010 - Corporate Summary
Wednesday, December 8, 2010 - 10:31am | 688• Costco (NASDAQ: COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&R Block (NYSE: HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss,...