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Protection Sold in Aflac
Tuesday, May 11, 2010 - 1:26pm | 115Shares of Aflac Inc. (NYSE: AFL) rose sharply yesterday on the news of a $1 trillion bailout for Europe. Aflac is said to hold $2 billion in bonds linked to Greece and Portugal. Today we are seeing a vote of confidence on the stock, at least in the near term. The May $50/47 put spread looks to have...
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Top Performing Industries For May 10 (CRH, STD, BBVA, AFL, TEF)
Monday, May 10, 2010 - 1:51pm | 290At 12:37 pm, Dow added 403.12 points or 3.88%, to 10,783.55, while the broader Standard & Poor's 500 index rose 46.26 points or 4.16%. The Nasdaq composite index too was up 97.88 points or 4.32%. The industries that are helping the market keep afloat today are: Cement: The top gainer of the day...
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added to SunLife position
Wednesday, May 5, 2010 - 8:56pm | 633I added to my existing position in Canadian financial services firm SunLife Financial (SLF) today at $29.00/share. My rationale for the acquisition was simply that the stock looked like pretty good value in a recent market where several stocks look rich. Let's look at the numbers: SunLife just...
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Afternoon Market Update (AAPL, ADBE, CNO, NKE)
Wednesday, May 5, 2010 - 3:19pm | 220While comparing the recent competitive behavior of Apple (NASDAQ: AAPL) with that of a 19th-century railroad company, Chief Technology Officer Kevin Lynch of Adobe Systems (NASDAQ: ADBE) said, "Apple is using this strategy at places where it wishes to create a walled garden" around the Internet....
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US Stock Futures Continued To Be Weak
Wednesday, May 5, 2010 - 9:19am | 223US stock futures continued to fall today as investors continued to be worried about the health of the Eurozone. While futures on the S&P 500 lost 3.5 points to 1,169.20, those on the Nasdaq 100 fell 6.5 points to 1,963.00. Meanwhile, Dow Jones Industrial Average futures moved down 27 points. On...
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Stocks To Watch For May 5 (TWX, CBS, PRU, AEE, CNP)
Wednesday, May 5, 2010 - 7:31am | 182Some of the stocks that may be in focus today are: Analysts expect Time Warner (NYSE: TWX) to report earnings of $0.48 per share for the first quarter. TWX gained 2.39% to $33.45 in after hours trading. CBS (NYSE: CBS) may report its EPS for the first quarter at $0.05. CBS dipped 3.05% to close at...
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Unum Group (UNM) Reports 39% Increase In First-Quarter Profit
Tuesday, May 4, 2010 - 5:44pm | 111Unum Group (NYSE: UNM) has reported that its first-quarter profit increased by 39%. The company reported a profit of $229.8 million, or $0.69 per share in its first-quarter, compared with a profit of $164.9 million, or $0.50 per share it reported for the same period last year. Excluding investment...
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Principal Financial (PFG) Reports 64% Increase In First-Quarter Profit
Monday, May 3, 2010 - 5:13pm | 90Principal Financial Group Inc. (NYSE: PFG) has reported a 64% increase in first-quarter profit. The company reported first-quarter profit of $199 million, or $0.59 per share, compared with a profit of $121 million, or $0.43 per share it reported for the same period last year. Revenue increased by...
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Prudential Gears Up For AIA Acquisitions (PRU, AIG)
Monday, May 3, 2010 - 12:02pm | 150Prudential (NYSE: PRU) CEO Tidjane Thiam faces a tough task in persuading shareholders about the viability of the AIA deal. Reuters has reported that Prudential (PRU) has started meeting with its bigger shareholders in attempt to garner their support for the pact. Prudential is all set to make a $...
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Stocks To Watch For May 3, 2010 (MCK, APC, CLX, PBI, PFG)
Monday, May 3, 2010 - 6:47am | 175McKesson Corp (NYSE: MCK) is expected to post an EPS of $1.29 for the fourth quarter. MCK soared 0.48% to $65.12 in after hours trading. Pitney Bowes Inc (NYSE: PBI) is likely to report an EPS of $0.53 for the first quarter. PBI lost 1.74% to close at $25.40 on Friday. Analysts are expecting...
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Metlife Delivers Strong Earnings
Friday, April 30, 2010 - 10:16am | 160Shares of Metlife (NYSE: MET) are spiking higher today after the company reported EPS of $0.97 versus a net loss of $0.71 per share this quarter the year prior. The insurer also added that operating profit, which excludes net realized investment gains and losses, was $834 million, or $1.01 a share...
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MetLife (MET) Reports First-Quarter Profit of $805 Million
Thursday, April 29, 2010 - 6:06pm | 107MetLife, Inc. (NYSE: MET) has reported its first-quarter results. The company reported a profit of $805 million, or $0.97 per share in its first-quarter, compared with a loss of $574 million, or $0.71 per share it reported for the same period last year. Excluding investment gains and losses, first-...
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Stock Market News for April 29, 2010 - Market News
Thursday, April 29, 2010 - 9:30am | 580After Tuesday’s drubbing, stocks rebounded and closed with modest gains as the U.S. Federal Reserve’s two-day policy meeting concluded on expected lines. The U.S. central bank’s decision to keep interest rates low for “an extended period" gave markets a much-needed boost after Greece and Portugal’...
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Delphi Financial Upgraded To Buy
Wednesday, April 28, 2010 - 9:37am | 48Analysts at Wunderlich upgrade Delphi Financial (NYSE: DFG) from "hold" to "buy." The target price for DFG has been reduced from $31 to $29. DFG plunged 5.99% to close at $26.23 yesterday. More Analyst Ratings here.
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AFLAC Inc. (AFL) Reports 12% Increase In First-Quarter Profit
Tuesday, April 27, 2010 - 5:23pm | 92AFLAC Inc. (NYSE: AFL) has reported a 12% increase in its first-quarter profit today. The company reported a profit of $636 million, or $1.35 per share, compared with a profit of $569 million, or $1.22 per share it reported for the same period last year. Revenue rose by 5.1% to $5.07 billion in...