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Update: Jefferies Downgrading Chimera Investment Corporation
Tuesday, May 24, 2011 - 6:23am | 99Jefferies & Co. is downgrading shares of Chimera Investment Corporation (NYSE: CIM) to Hold, and is lowering its price target to $3.80. In a note to clients, Jefferies writes, "Our downgrade is based on our expectation for additional headwinds in CIM's business, both fundamental and optical....
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Jefferies Downgrades Chimera Investment Corp. To Hold, Lowers PT To $3.80
Tuesday, May 24, 2011 - 5:06am | 29Jefferies & Company has downgraded Chimera Investment Corporation (NYSE: CIM) from Buy to Hold and has lowered the price target from $4.50 to $3.80.
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Mad Money Lightning Round OT: Cramer Likes DO (CYS, PEET, DO)
Thursday, May 19, 2011 - 6:32pm | 216On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Cypress Sharpridge Investments, Inc. (NYSE: CYS) looks too good to be true. He invited the management of the company on his show to ask them how they can pay a 19% dividend yield. Until then, he recommends Annaly Capital Management, Inc...
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Bank of America Merrill Lynch Reports on American Capital Agency
Wednesday, May 18, 2011 - 7:16am | 144Bank of America Merrill Lynch commented on American Capital Agency (NASDAQ: AGNC) in a report released yesterday. In the report, Bank of America Merrill Lynch was positive in its assessment of the company. Bank of America Merrill Lynch writes, “Our $30 price objective is based on a 1.2x P/BV...
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UPDATE: Jefferies Lowers PT on Redwood Trust to $16.50 (RWT)
Wednesday, May 18, 2011 - 6:36am | 82Jefferies is out with its report today on Redwood Trust (NYSE: RWT), lowering its PT from $18 to $16.50. In a note to clients, Jefferies writes, "Our $16.50/share price target represents 1.2x book value. This premium is relatively high vs historical levels and reflects our expectation that RWT...
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Jefferies Changes PT on PCG, RWT, TSL
Wednesday, May 18, 2011 - 5:02am | 57Jefferies & Company has changed the price targets on the following companies: PG&E Corporation (NYSE: PCG) from $50.50 to $51, Buy Redwood Trust (NYSE: RWT) from $18 to $16.50, Buy Trina Solar (NYSE: TSL) from $38 to $30, Buy
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Keefe Bruyette & Woods Lowers EPS Estimate From $1.20 To $0.97 And Maintain An Outperform Rating On RWT
Monday, May 16, 2011 - 6:37am | 82In a recent report, Keefe, Bruyette & Woods has lowered the EPS Estimate on Redwood Trust (NYSE: RWT) from $1.20 to $0.97 and has reiterated an Outperform rating on the company. In the report, Keefe, Bruyette & Woods said, "Operating trends were in line. Economic book value increased to $...
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CEOWORLD stock picks that will outperform the S&P 500- BRK-B, SAM, LUK, NYB, SYY, BAX, LVB, RSO, UAN…
Monday, May 16, 2011 - 4:35am | 1362Boston Beer Company (SAM)- Trailing-12-Month Revenue- $471.9 million, Return on Equity (Average, Past 3 Years)- 20.5%, Cash/Debt, $45.3 million / $0, Competitors- Anheuser-Busch (BUD), Molson Coors (TAP). Boston Beer Company is trading at a price of $84.15, a dramatic change of -0.87 with %...
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NorthStar Realty Finance Announces Public Offering of 15 Million Shares of Common Stock (NRF)
Monday, May 9, 2011 - 3:17pm | 106NorthStar Realty Finance Corp. (NYSE: NRF) announced today the launch of an underwritten public offering of its common stock. Citi and Wells Fargo Securities are the joint book-running managers for the offering, and FBR Capital Markets is the co-manager for the offering. The underwriters are...
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Wunderlich Securities Increases PT on Redwood Trust to $15, Maintains Hold (RWT)
Monday, May 9, 2011 - 10:19am | 164Wunderlich Securities increased its price target on Redwood Trust (NYSE: RWT) to $15 in spite of worse than expected Q1 results. In a research report published today, Wunderlich reiterated its confidence in Redwood, prompting it to leave its rating unchanged at Hold. In the report, Wunderlich...
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Top 10 REITs Dividend Yields
Monday, May 9, 2011 - 10:03am | 404As the REIT boom continues to develop, China Analyst takes a look at the best performing REITs. Below is a list of the top 10 dividend yielding REITs as of March 2011. (Click the following link for the full article: CAnalyst.com) 10. PennyMac Mortgage Investment Trust (NYSE: PMT) Dividend Rate as...
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Long B at $24.92 & JBL at $21.01
Monday, May 9, 2011 - 9:39am | 128Two new trades this morning with the possibility of another two should Hatteras Financial (HTS) trigger at $28.69 and United Healthcare (UNH) at $50.21. The two that I got in this morning are doing well so far, despite little movement out of the broader markets at this point. The first one is Jabil...
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Updates- GrouponLive, Softbank, Volkswagen, Wal-Mart, Toshiba, AAPL, GOOG, LYV, WMT, DYN, MCD, UAL
Monday, May 9, 2011 - 7:54am | 1894According to the BrandZ Top 100 ranking, Apple Inc., (NASDAQ:AAPL), designs, manufactures and markets a range of personal computers has overtaken Google Inc. (NASDAQ:GOOG) as the world's most valuable brand. Apple with a stock market capitalization of $319.4 billion, compared with Google's $172....
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Sterne Agee Adjusts 2011 and 2012 EPS Estimates On NLY
Monday, May 9, 2011 - 7:12am | 55Sterne Agee reports that after reviewing the quarter's results and adjusting its prepayment, funding, and investment level estimates, “we are raising our 2011 EPS estimate from $2.40 to $2.48 and raising our 2012 estimate from $2.33 to $2.55,” on shares of Annaly Capital Management, Inc. (NYSE: NLY...
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Searching the Globe for High Income Opportunities
Sunday, May 8, 2011 - 9:52pm | 812New Portfolio for Income Investors This month we added a new portfolio for subscribers at FaithBasedInvestor.com. We responded to requests for an “income solution” in this low interest environment! Most investors were stuck with parking their money in cash (at...