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Citi Maintains Hold On Prudential Financial (PRU)
Monday, October 11, 2010 - 6:41am | 133Citi Investment Research is out with a research report this morning, reiterating its Hold rating on Prudential Financial Inc (NYSE: PRU), after it purchased some AIG (NYSE: AIG) assets. It has a $62 price target on shares. In the research report, Citi notes, "Purchase of Star & Edison...
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Mad Money Lightning Round: Cramer Prefers Intel And Texas Instruments To Micron, Dislikes Callaway Golf (S, PCS, MU, AMD, INTC, TXN, TSLA, F, HD, PRU, MFC, ELY)
Friday, October 8, 2010 - 5:36am | 263On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Sprint Nextel (NYSE: S) as an inexpensive stock. He advises the investors to sell MetroPCS Communications (NYSE: PCS) and “roll the money into Sprint." For Micron Technology (NASDAQ: MU), he said, "Oh man, no. I've...
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Financials Continue Volatile Trade (XLF, GS, MET, WFC)
Thursday, October 7, 2010 - 5:24pm | 178The financials sector continues to trade in volatile manner as of late. Notable is the divergence between names that the Street likes and one that it does not. For instance, Goldman Sachs (NYSE: GS) ended the session higher by 0.18%, trading at $151.11, but Wells Fargo & Co. (NYSE: WFC) ended...
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Bookkeeping: Short Prudential Financial (PRU), Shanda International (SNDA), China Automotive Systems (CAAS)
Thursday, October 7, 2010 - 10:52am | 799I am rebuilding some individual short positions - almost all of these have been failures for 6 weeks in a row on the non stop melt up. These are completely for technical reasons. If we gap up tomorrow morning on 'better than expected' labor data - especially if we hit S&P 1170 - I'll be...
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Top 4 Stocks In The Asset Management Industry With The Lowest PEG Ratio (FIG, PFG, OZM, ART)
Thursday, October 7, 2010 - 5:39am | 127Below are the top asset management stocks on the NYSE and the NASDAQ in terms of PEG ratio. Fortress Investment Group LLC (NYSE: FIG) has a PEG ratio of 0.29. FIG's quarterly revenue surged 37.60% y/y. Principal Financial Group Inc (NYSE: PFG) has a PEG ratio of 0.71. PFG's trailing-twelve-month...
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Progressive Jeff Charney Chief Marketing Officer
Wednesday, October 6, 2010 - 4:07pm | 70Progressive (NYSE: PGR) today named Jeff Charney as its new chief marketing officer. Charney comes to Progressive from insurance company Aflac (NYSE: AFL), where he was senior vice president and chief marketing officer. He previously held CMO posts at multimedia retailer QVC and Fringe Ventures,...
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Benzinga's Top Upgrades (PRU, MXIM, GRS, CMA)
Wednesday, October 6, 2010 - 9:14am | 146Prudential Financial Inc (NYSE: PRU) was upgraded by Barclays from "underweight" to "equal weight." PRU's shares closed at $54.02 yesterday. Prudential's earnings are likely to surge by 395.43% this year. Credit Suisse upgraded Maxim Integrated Products Inc (NASDAQ: MXIM) from "neutral" to "...
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Barclays Upgrades PRU To Equal Weight
Wednesday, October 6, 2010 - 7:02am | 51Analysts at Barclays upgrade Prudential Financial Inc (NYSE: PRU) from "underweight" to "equal weight." The target price for PRU has been raised from $60 to $61. PRU shares gained 2.80% to close at $54.02 yesterday. More Analyst Ratings here
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MetLife Looks Strong Despite Guidance Update (MET)
Friday, October 1, 2010 - 11:36am | 368Shares of MetLife Inc. (NYSE: MET) are currently higher on the session by 0.68%, currently trading at $38.71. The company said earlier today that, due to the low interest rate environment, its 2011 EPS could be cut by $0.20 if the 10-year Treasury Bond remains at 2.5% throughout the year. MET...
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Prudential Financial into Distribution Agreement with Edward Jones
Thursday, September 30, 2010 - 1:01pm | 78Prudential Financial, Inc. (NYSE: PRU) said today it has reached a distribution agreement with the financial services firm Edward Jones to offer its clients variable annuities and individual life insurance from Prudential companies. A priority for Prudential's Individual Life Insurance business is...
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Afternoon Market Update (AIG, PRU, PAYX)
Thursday, September 30, 2010 - 10:51am | 179As per reports, the Chicago PMI jumped to 60.4% in September, up from 56.7% in August. However, the economists were expecting a decline to 55.0%. The national ISM manufacturing gauge is scheduled to release tomorrow. Shares of American International Group Inc (NYSE: AIG) gained about 6% after the...
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The Principal Financial Group to Exit Medical Insurance Business (PFG, UNH)
Thursday, September 30, 2010 - 9:09am | 85Principal Financial Group, Inc. (NYSE: PFG) today announced the company will exit the medical insurance business (insured and self-insured) and has entered into an agreement with UnitedHealthcare, a UnitedHealth Group Company (NYSE: UNH), to renew medical insurance coverage for customers of The...
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A Peek Into The Market Before The Trading Starts
Thursday, September 30, 2010 - 8:20am | 499Pre-open movers US stock futures moved down slightly, after disappointing news from Ireland and Spain. The jobs data of Germany offset some of the decline in Europe. Futures on the Dow Jones Industrial Average fell 4 points to 10,776. S&P 500 futures dropped 2.20 points to 1,139 and Nasdaq 100...
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US Stock Futures Slightly Down On Disappointing News From Ireland And Spain
Thursday, September 30, 2010 - 7:06am | 264US stock futures moved down slightly, after disappointing news from Ireland and Spain. The jobs data of Germany offset some of the decline in Europe. Futures on the Dow Jones Industrial Average fell 4 points to 10,776. S&P 500 futures dropped 2.10 points to 1,139 and Nasdaq 100 futures lost 1....
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American International Group Agrees To Sell Two Japanese Life Insurance Units To Prudential
Thursday, September 30, 2010 - 6:35am | 213American International Group Inc (NYSE: AIG) has agreed to sell its 2 Japanese life insurance units, AIG Star Life Insurance Co Ltd and AIG Edison Life Insurance Company, to Prudential Financial Inc (NYSE: PRU) for $4.8 billion. AIG said that the sale price of the deal includes cash worth $4.2...