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Stock Market News for July 29, 2010 - Market News
Thursday, July 29, 2010 - 10:12am | 567Federal Reserve’s Beige Book report painted a dismal picture of the economic recovery, compounding worries that the much-expected revival is facing headwinds. A weak report on durable goods orders further disappointed investors who had no reason to rejoice in Boeing’s lackluster quarterly numbers...
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Delphi Financial Reports Second Quarter Operating EPS of $0.83
Tuesday, July 27, 2010 - 4:35pm | 164Delphi Financial Group, Inc. (NYSE: DFG) announced today that operating earnings in the second quarter of 2010 were $46.1 million or $0.83 per share, compared to $54.9 million or $1.09 per share in the second quarter of 2009. Operating earnings for the first half of 2010 were $93.6 million or $1.68...
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AFLAC’s Revenues Light; Shares Bid Lower (AFL)
Tuesday, July 27, 2010 - 4:11pm | 253AFLAC Inc. (NYSE: AFL) reports Q2 earnings of $1.35 versus estimates of $1.33. AFLAC Inc. reports Q2 revenues of $4.98 billion versus estimates of $4.99 billion. The company said that cash and total investments as of June totaled $79.5 billion; shareholder’s equity was $10.00 billion ($21.31 per...
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Earnings Preview: Aflac Inc. (AFL)
Tuesday, July 27, 2010 - 10:30am | 301Aflac Inc. (NYSE: AFL) is currently lower on the session by 0.57%, trading at $50.75. The company is scheduled to report earnings today, after the closing bell. • Estimates The Street is looking for Q2 earnings per share of $1.33 on revenue of $4.99 billion. These estimates have remained the same...
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Stocks To Watch For July 27 (AFL, LMT, DWA, OXY)
Tuesday, July 27, 2010 - 6:41am | 166Some of the stocks that may grab investor focus today are: Wall Street expects Aflac Incorporated (NYSE: AFL) to post its Q2 EPS at $1.33 on $4.9 billion in revenue. AFL’s shares gained 1.05% to close at $51.04 yesterday. Analysts are expecting Lockheed Martin Corporation (NYSE: LMT) to have earned...
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Stocks Under $3? On the New York Stock Exchange?
Friday, July 23, 2010 - 2:04pm | 342Surprisingly, there are about 45 stocks trading on the New York Stock Exchange which trade for less than $3 a share. Of course, some of these are on the verge of delisting, many are on the verge of bankruptcy, but you may find a few gems on the list of NYSE stocks under $3, just published by...
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market snapshot
Thursday, July 22, 2010 - 8:29pm | 692Economically sensitive seems to be a good thing this earnings season as the following companies blew through earnings expectations and dwarfed last year's results: CN Rail: EPS = $1.13 versus $0.76 last year UPS: EPS = $0.84 versus $0.44 last year CAT: EPS = $1.09 versus $0.72 last year 3M: EPS...
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MetLife Acquires Allstate's Legal Plans Business
Thursday, July 22, 2010 - 8:58am | 141Hyatt Legal Plans, a MetLife (NYSE: MET) Company today announced that it has acquired Allstate’s (NYSE: ALL) group legal plans business, known as "Signature LegalCare.” Financial terms were not disclosed. “We are excited to have the opportunity to demonstrate Hyatt Legal Plans’ service and...
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Mad Money Lightning Round OT (CBEH, PTR, G, PRU)
Wednesday, July 21, 2010 - 7:28pm | 182On CNBC's Mad Money Lightning Round OT, Jim Cramer said that China Integrated Energy, Inc. (NASDAQ: CBEH) is a highly speculative stock. If you want to roll the dice you can buy China Integrated Energy, Inc. (CBEH), but Cramer thinks that PetroChina Company Limited (ADR) (NYSE: PTR) is a better...
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StanCorp Financial Group Misses Estimates, Shares Fall (SFG)
Wednesday, July 21, 2010 - 4:50pm | 32StanCorp Financial Group Inc. (NYSE: SFG) reports Q2 EPS $0.87 vs consensus of $1.21. Revenue was not provided. Shares fell after the report, trading down almost 5%.
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Wells, Bank of America Go 'Reverse' Route
Wednesday, July 21, 2010 - 7:10am | 163BOSTON (TheStreet) -- As 79 million Baby Boomers march toward retirement, Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC) and MetLife (NYSE: MET) are there to offer reverse mortgages. The three companies account for 52% of the retail and wholesale reverse-mortgage marketplace, according to...
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Susquehanna Financial Group Hires Gary Nachman as Senior Analyst to Cover the Specialty Pharmaceuticals Sector
Tuesday, July 20, 2010 - 1:27pm | 564Susquehanna Financial Group, LLLP (SFG), the institutional broker-dealer member of the Susquehanna International Group of Companies (SIG), announced today that Gary Nachman has joined the firm as the Senior Analyst covering the Specialty Pharmaceuticals sector. Mr. Nachman, whose coverage will...
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JPMorgan Expects Improvement In Life Insurance Sector (AFL, PRU)
Thursday, July 15, 2010 - 2:53pm | 124JPMorgan analysts feel that life insurance stocks would not trade in individual company fundamentals. Instead, they will continue to move as a sector on a macro trend, outperforming the broader markets over the next year. Though the firm feels that the equity market drop in 2Q10 would pressure...
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SPX Breaks Key 1085 Resistance 07-13-2010
Tuesday, July 13, 2010 - 3:34pm | 936Cusick’s Corner The market likes what it hears from positive beats on the earnings front (AA beat by a penny) and from a positive bond offering in Greece. We have also broken key overhead resistance, 1085 on the SPX, so now we need to keep an eye on these levels and watch the headlines to see if we...
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Upside Purchased on Manulife Financial (MFC)
Tuesday, July 13, 2010 - 1:28pm | 132Shares of Manulife Financial Corp. (NYSE: MFC) are flat on the session, currently trading at $15.15. The stock was trading higher all morning long, but has since sold off within the past twenty minutes, back to even. Options traders are buying calls on the name today. Though action has been...