-
Company News for December 3, 2010 - Corporate Summary
Friday, December 3, 2010 - 5:18am | 791• Walter Energy (NYSE: WLT) said it plans to acquire Canada's Western Coal for $3.3 billion • Google (NASDAQ: GOOG) is reported to have signed a deal to pay $1.9 billion for a Manhattan city block • Citigroup (NYSE: C) downgraded eBay (NASDAQ: EBAY) from "buy" to "hold" • Big Lots (NYSE: BIG)...
-
Stock Market News for December 3, 2010 - Market News
Friday, December 3, 2010 - 5:16am | 1085Stocks advanced for a second straight day as better-than-anticipated retail sales and housing data continued to point toward economic strength. European Central Bank's assertion that it would not abandon its plan to buy government bonds helped contain eurozone worries, helping stocks extend their...
-
Energy XLE & USO Were Leaders 12-02-2010
Thursday, December 2, 2010 - 7:11pm | 978Cusick's Corner The market continues to plow forward and Energy, both XLE & USO were the end of day leaders. Jan Crude futures, CLF11 $1.21 came off highs that we have not seen in over 2 years. Now with this move, traders in energy stocks could be looking to potentially “roll” positions that...
-
Benzinga's Volume Movers (OXPS, EZCH, SXCI, AOSL)
Thursday, December 2, 2010 - 11:59am | 165optionsXpress Holdings Inc (NASDAQ: OXPS) shares moved up 5.72% to $18.49 at 10:56 am. The volume of OXPS shares traded was 844% higher than normal. On CNBC's Mad Money Lightning Round, Jim Cramer advises investors to buy OXPS. EZchip Semiconductor Limited (NASDAQ: EZCH) shares rose 8.35% to $27....
-
Invesco PowerShares Lists Four Financial Sector ETFs Based On KBW Indexes On NYSE Arca (KBWY, KBWD, KBWX, KBWP)
Thursday, December 2, 2010 - 11:45am | 154Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $50 billion in franchise assets, announced that four new ETF portfolios, based on Keefe, Bruyette & Woods, Inc. (KBW) indexes, began trading today on the NYSE Arca. The(...)Read...
-
Stock Market News for December 2, 2010 - Market News
Thursday, December 2, 2010 - 10:54am | 664U.S. stocks kicked off December on a solid note, with major averages climbing at least 2%, as a batch of upbeat economic data from the United States and China helped investors set aside eurozone contagion worries. The rally was led by material and energy shares. The blue-chip Dow Jones...
-
Company News for December 2, 2010 - Corporate Summary
Thursday, December 2, 2010 - 10:54am | 560• PepsiCo (NYSE: PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE: WBD) for $3.8 billion • Toll Brothers (NYSE: TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million...
-
Dr Faessel - Market - 12-2-2010
Thursday, December 2, 2010 - 10:45am | 908IMPORTANT DAY! USA to backstop the EU/IMF Dow Transports break to new cycle highs as does the S&P Mid-Cap Index Major and almost all Minor indexes break above important resistance. Crucial support holds. Short squeeze looms. Yesterday's big stock market upshot on well above-average...
-
Benzinga's Top Upgrades (SF, CML, STP, ANDE)
Thursday, December 2, 2010 - 10:13am | 153Stifel Financial Corporation Co (NYSE: SF) was upgraded by Goldman from “neutral” to "buy." SF's shares closed at $53.85 yesterday. Stifel Financial's earnings are likely to advance by 32.99% in the next year. RBC Capital upgraded Compellent Technologies Inc (NYSE: CML) from "sector perform" to "...
-
Mad Money Lightning Round: Cramer Likes OptionsXpress, (RIMM, AAPL, JASO, CVX, MRO, BP, JPM, BIDU, OXPS)
Thursday, December 2, 2010 - 6:28am | 240On CNBC's Mad Money, Jim Cramer said during the Lightning Round that according to him, Research In Motion (NASDAQ: RIMM) had a “big run and I'm not a supporter. I always have to refer to what's the better play, and that's Apple (NASDAQ: AAPL)." For JA Solar (NASDAQ: JASO), he said, "You can't own...
-
Company News for December 2, 2010 - Corporate Summary
Thursday, December 2, 2010 - 5:27am | 560• PepsiCo (NYSE: PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE: WBD) for $3.8 billion • Toll Brothers (NYSE: TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million...
-
Stock Market News for December 2, 2010 - Market News
Thursday, December 2, 2010 - 5:23am | 664U.S. stocks kicked off December on a solid note, with major averages climbing at least 2%, as a batch of upbeat economic data from the United States and China helped investors set aside eurozone contagion worries. The rally was led by material and energy shares. The blue-chip Dow Jones...
-
Goldman Sachs Says Gold Will Top At $1,750 In 2012 (GS)
Wednesday, December 1, 2010 - 4:49pm | 288Not too long ago I wrote an article outlining why I believe it is lunacy for anyone to attempt to call a top in gold. The basic premise was that gold has very little practical utility, its "value" is very subjective, and its price is determined almost exclusively by human psychology. The...
-
Serious Money: Does BAC Have Anything to Fear from Wikileaks?
Wednesday, December 1, 2010 - 2:01pm | 236Forgive me if I stray slightly, but I could not help thinking about how ironic it would be if someone leaked information as to the whereabouts of Wikileaks founder and "fearless leader" Julian Assange -- who is in hiding! It would be even more ironic if a CIA operative who had his cover blown by...
-
Bull Signal Today in Goldman Sachs
Wednesday, December 1, 2010 - 1:45pm | 239The company that everyone loves to hate, myself included. Goldman Sachs (NYSE: GS) is expected to earn 13.75 this yr and are forecast to grow earnings 30% next to almost 18.00. Trailing p/e of 11 is well behind the SP500 ttm of 15, and my guess is that GS earnings growth rate will best the SP500 13...