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AIA Deal Size May Be Slashed (PRU, AIG)
Thursday, May 27, 2010 - 6:23pm | 141Prudential (NYSE: PUK) is in talks with American International Group (NYSE: AIG) to buy its Asian insurance business AIA. However, the Wall Street Journal has reported that Prudenital (PUK) and AIG (AIG) are now looking to lower the $35.5 billion price tag of the deal, so as to make it more...
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Large Put Purchase on Principal Financial Group (PFG)
Thursday, May 27, 2010 - 12:29pm | 93Shares of Principal Financial Group Inc. (NYSE: PFG) are higher on the session by 4.56%, currently trading $27.26. The stock has recently sold off hard, but has been able to hold the 200-day moving average. I am seeing protection purchased on the stock today with the July $26 put purchased on the...
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Look for Dojis 05-26-2010
Wednesday, May 26, 2010 - 6:54pm | 730Cusick’s Corner The market pulled back late in the day which correlates with the pullback in the Euro. Keep an eye on this relationship -- it has been helpful recently in spotting near-term moves of the market. The market has the potential for some more volatility, with the Claims data due out pre...
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Focus Shifts Back to Domestic Issues 05-26-2010
Wednesday, May 26, 2010 - 2:53pm | 788Cusick’s Corner After the initial pop on the open, the market is holding onto these gains and there’s just whippy action into the Midday. As I noted yesterday, there’s irrational behavior in the market -- the VIX popped 50% in a few days, which even with all the monumental moves that we have had...
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Calls Sold on Prudential (PRU)
Wednesday, May 26, 2010 - 10:47am | 104Shares of Prudential Financial Inc. (NYSE: PRU) are higher on the session by 1.79%, currently trading $56.67. The stock has been struggling as of late, but looks to have found support around the 200-day moving average. I am detecting call selling in the name today with the June $60 call sold 5,000...
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AIA CEO Threatens to Quit (AIG, PRU)
Tuesday, May 25, 2010 - 12:28pm | 157The Chief Executive Officer of American International Insurance has announced that he will relinquish his chair if the Prudential (NYSE: PRU)-AIG (NYSE: AIG) deal comes to fruition. Currently, American International Group (AIG) is in talks with Prudential (PRU) for the sale of its Asian insurance...
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Top 5 Small-Cap NYSE Stocks In The Financial Sector With The Highest Revenue Estimates For This Quarter (IRE, MSB, FNM, CNO)
Tuesday, May 25, 2010 - 6:37am | 164Below are the top 5 small-cap financial stocks on the NYSE in terms of revenue expectations. The Governor and Company of The Bank of Ireland (NYSE: IRE) is expected to generate $6.94 billion of revenue in the latest quarter. IRE has lost 40.56% over the past 52 weeks, while the S&P 500 has...
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Stocks Going Ex Dividend the Fourth Week of May 2010
Friday, May 21, 2010 - 11:54pm | 691Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Calls Bought in CNO Financial Group
Friday, May 21, 2010 - 12:59pm | 120Shares of CNO Financial Group Inc. (NYSE: CNO) are trading higher today by 4.61%, currently trading $5.22. The stock has dropped over the past few weeks and broke through the 200-day moving average, which is bearish. The stock is struggling to regain the level. Options action suggests a bit more...
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Market Jittery 05-19-2010
Wednesday, May 19, 2010 - 4:18pm | 784Cusick’s Corner This market is chalk full of emotion, starting with the Euro bounce, which should start to help oversold Energies in the face of Germany’s short ban. We also had speculation into the midday that the derivative compromise by Senator Dodd was in jeopardy of being pulled. This news...
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Top Analyst Upgrades and Downgrades (AFL, AAPL, AIZ, BBT, BUCY, DWA, HANS, BEE, TK, TXT, USB)
Tuesday, May 18, 2010 - 8:26am | 396The head of sovereign debt rating is leaving Moody’s (NYSE: MCO). The company has been under withering criticism for its evaluations of mortgage-backed debt and paper issued by the treasuries of independent country’s. Moody’s recently downgraded Greece, Spain, and Portugal–better late than never....
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Puts Rolled in Lincoln National (LNC)
Monday, May 17, 2010 - 3:17pm | 133Shares of Lincoln National Corp. (NYSE: LNC) are lower on the session by 0.89% today, currently trading $27.77. The stock recently breeched the 50-day moving average to the downside and is trading near the 200-day now. It looks like the $25 level is support for the stock, but one trader is betting...
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US Stock Futures Up Today, Concerns Remain
Monday, May 17, 2010 - 9:22am | 262US stock futures moved up higher today, despite continued concerns over European Union debt and growth in the Chinese market. While futures on the S&P 500 moved up 4.2 points to 1,139.50, those on the Nasdaq 100 rose 6.5 points to 1,916.20. Meanwhile, Dow Jones Industrial Average futures...
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US Stock Futures Up Today, Concerns Remain
Monday, May 17, 2010 - 9:12am | 262US stock futures moved up higher today, despite continued concerns over European Union debt and growth in the Chinese market. While futures on the S&P 500 moved up 4.2 points to 1,139.50, those on the Nasdaq 100 rose 6.5 points to 1,916.20. Meanwhile, Dow Jones Industrial Average futures...
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AIG And Prudential Discuss Deal Restructuring (AIG, PRU)
Tuesday, May 11, 2010 - 7:18pm | 159American International Group (NYSE: AIG) and Prudential Plc. (NYSE: PRU) are mulling restructuring their $35.5 billion Asian Life Insurance unit deal. Reuters has reported that the negotiations are centered around the funding behind the deal. Other points of negotiation include cutting the $25...