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As the Euro Goes -- So Goes... 06-16-2010
Wednesday, June 16, 2010 - 3:18pm | 718Cusick’s Corner The market is again still above support and confirming the uptrend. With all the major indices breaking through the 200-Day Moving Average, additionally there’s leadership from multiple sectors, the market looks poised to challenge the upside. The Euro has also been able to mount a...
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Company News for June 15, 2010 - Corporate Summary
Tuesday, June 15, 2010 - 10:18am | 212• Best Buy (NYSE:BBY) posted fiscal first quarter earnings of 36 cents a share, versus Zacks estimates of 50 cents, on revenues of $10.8 billion which came in below estimates of $10.95 billion • CBOE Holdings (NASDAQ:CBOE) priced its initial offering late Monday at the top end of its $27-$29 range...
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Benzinga’s Top Downgrades (AEG, ANDS, AZO, PNM)
Thursday, June 10, 2010 - 8:40am | 143Aegon (NYSE: AEG) was downgraded by Keefe Bruyette from “outperform” to “market perform.” AEG’s shares closed at $5.23 yesterday. Aegon’s earnings have dipped 16.32% over the past 5 years. JMP Securities downgraded Anadys Pharmaceuticals Inc (NASDAQ: ANDS) from “outperform” to “market perform.”...
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Keefe Bruyette Downgrades AEG To Market Perform
Thursday, June 10, 2010 - 6:15am | 41Analysts at Keefe Bruyette downgrade Aegon (NYSE: AEG) from "outperform" to "market perform." AEG’s shares dipped 2.06% to close at $5.23 yesterday. More Analyst Ratings here
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AIG & Government Fund Infusion; Barron’s (AIG)
Monday, June 7, 2010 - 2:29pm | 126Last week, Prudential’s (NYSE: PRU) bid for AIG’s (NYSE: AIG) Asian life insurance business, AIA Group, fell through. AIG stock is now trading at the $35 mark, and looks expensive at this juncture. AIG’s junior debt with 10% yield shows better prospects than the stock itself, since the debt is...
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Top 10 Analyst Upgrades and Downgrades (MCD, NLC, PUK, PXD, RIMM, STP, STM, YUM, X, WEN)
Friday, June 4, 2010 - 8:14am | 404These are ten of this Friday morning’s top analyst upgrades, downgrades and initiations seen from Wall Street research calls: McDonald’s Corp. (NYSE: MCD) Started as Positive at Susquehanna. Nalco Holding Co. (NYSE: NLC) Cut to Neutral at JPMorgan. Prudential plc (NYSE: PUK) ADRs were resumed as a...
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Fund Manager Picks Devon Energy As Favorite (DVN, SMA, UNM)
Thursday, June 3, 2010 - 11:38am | 126Mike Shinnick, portfolio manager with Wasatch-1st Source Long/Short Fund, said that his firm is employing a value-investing strategy. In an interview with CNBC, he said, “Those pundits who, in a sense, think that this is not a sustainable recovery and expect it to happen near-term, we think are...
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News Summary
Wednesday, June 2, 2010 - 11:30am | 343The May Challenger job-cut report was released today. According to the report, planned layoffs at the US companies stood at 38,810 in May. The May figure is slightly up from 38,326 in the month of April, when they touched a four-year low. "Announced job cuts have, for all intents and purposes,...
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Company News for June 2, 2010 - Corporate Summary
Wednesday, June 2, 2010 - 9:57am | 174• Joseph A. Bank (NASDAQ:JOSB) posted better-than-expected first quarter earnings of 85 cents a share, up from Zacks expectations of 71 cents, on estimate-topping revenues of $178.1 million, ahead of Zacks estimates of $175 million • Prudential (NYSE:PRU) dropped from its offer to acquire AIG's (...
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Stancorp Financial Presents Strong Performance (SFG)
Tuesday, June 1, 2010 - 3:23pm | 136Stancorp Financial Group Inc. (NYSE: SFG) has immensely benefitted from its hands-on approach to lending to small businesses. According to a report released by Wunderlich Securities, Stancorp Financial Group (SFG) represents an excellent investment in a high quality conservative company. The...
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Company News for June 1, 2010 - Corporate Summary
Tuesday, June 1, 2010 - 9:48am | 260• Prudential’s (NYSE:PRU) downwardly revised $30.4 billion offer for AIG’s (NYSE:AIG) Asian life-insurance puts the deal in jeopardy as AIG refuses to accept it • BP (NYSE:BP) shares fell nosedived 14% this morning after the its "top kill" effort failed to stop the estimated 12,000-19,000 barrels...
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Citigroup Maintains Buy Rating On MetLife Inc. (MET)
Tuesday, June 1, 2010 - 9:42am | 88Analysts Colin Devine and Priya Mehrotra at Citigroup have released an update on MetLife Inc. (NYSE: MET). Following a recent marketing trip with MetLife’s CEO and CFO, analysts say that their view that the company has the strongest long-term growth potential and the most appealing earnings...
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British Pound Rallies On Failed Deal
Tuesday, June 1, 2010 - 9:17am | 148The British Pound (GBP) rallied today against the US Dollar (USD) and other major currencies on the talks that Prudential’s (NYSE: PRU) takeover of AIA will most definitely fail and the official announcement is expected anytime now. It is believed that takeover deal will fail after AIG (NYSE: AIG)...
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Harris Wins U.S. Army Contract - Analyst Blog
Friday, May 28, 2010 - 11:57am | 346Recently, Harris Corp. (HRS) has won a contract worth $55 million to deliver advanced satellite terminals to the U.S. Army. This contract, a part of U.S. Army’s Modernization of Enterprise Terminals (MET) program, has a five-year base period plus another five-year option period. The potential size...
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Company News for May 28, 2010 - Corporate Summary
Friday, May 28, 2010 - 9:42am | 205• Royal Dutch Shell (NYSE:RDSA) announced that it agreed to buy privately held East Resources for $4.7 billion in cash to increase its shale gas exposure in North America • Prudential (NYSE:PRU) is reportedly trying to renegotiate its previous $35.5 bid for AIG's (NYSE:AIG) Asian AIA unit, as major...