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Wells Fargo Securities Downgrades CSE to Market Perform
Tuesday, November 2, 2010 - 7:17am | 42Analysts at Wells Fargo Securities downgrade CapitalSource Inc (NYSE: CSE) from "outperform" to "market perform." CSE's shares gained 0.49% to close at $6.14 yesterday. More Analyst Ratings here
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Top 4 Stocks In The Mortgage Investment Industry With The Highest Dividend Yield (IVR, HTS, WAC, DX)
Tuesday, November 2, 2010 - 4:27am | 124Below are the top mortgage investment stocks on the NYSE, the NASDAQ and the AMEX in terms of dividend yield. Invesco Mortgage Capital Inc (NYSE: IVR) has a dividend yield of 18.50%. IVR's shares closed at $21.85 yesterday. Hatteras Financial Corp (NYSE: HTS) has a dividend yield of 15.00%. HTS'...
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Wunderlich Securities Maintains Anworth Mortgage Rating and PT
Monday, November 1, 2010 - 10:24am | 109Anworth Mortgage Asset Corporation (NYSE: ANH) reported 3Q10 EPS of $0.19, “falling short of our $0.25 estimate,” Wunderlich Securities reports. “Its results may be a function of ultra-conservatism, but management had embarked on a more aggressive strategy at the tail end of the boom cycle that...
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Benzinga's Top Downgrades (CTRN, COL, EL, ANH)
Monday, November 1, 2010 - 8:00am | 156Citi Trends Inc (NASDAQ: CTRN) was downgraded by JP Morgan from "overweight" to "neutral." CTRN's shares closed at $20.98 on Friday. Citi Trends' 52-week trading range is $20.76-$37.57. Rockwell Collins Inc (NYSE: COL) was downgraded by RBC Capital Markets from "outperform" to "sector perform." COL...
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FBR Capital Upgrades CMO To Outperform
Monday, November 1, 2010 - 7:03am | 53Analysts at FBR Capital upgrade Capstead Mortgage Corporation (NYSE: CMO) from "market perform" to "outperform." The target price for CMO has been raised from $12 to $12.50. CMO's shares gained 1.24% to close at $11.40 on Friday. More Analyst Ratings here
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GOVERNMENT SPONSORED SPENDING
Friday, October 29, 2010 - 9:52pm | 571By Annaly Capital Management The first reading of 3rd quarter GDP was released this morning, with the headline coming in right on top of estimates at 2%. The happy surprise of the report was personal consumption expenditures (PCE), which were better than expectations at 2.6% annualized growth. The...
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How We Got to 2.0% Growth in 3Q - Analyst Blog
Friday, October 29, 2010 - 7:12pm | 3375In the third quarter, the economy grew at an annual rate of 2.0%, up from 1.7% in the second quarter, but down from the 3.7% pace in the first three months of the year. The growth rate was in line with consensus expectations, and frankly a bit better than I was expecting. So how did we get to the 2...
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Market Tricks or Treats 10-29-2010
Friday, October 29, 2010 - 5:55pm | 803Cusick's Corner Trick or Treat! No real action today – market participants were on the sidelines today, stuffing themselves with candy as they wait to see what Halloween costumes come knocking on the door next week. Traders are waiting on Tuesday's elections and the Fed's QE2 plan. Will it be a...
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Earnings Send CapitalSource Shares Up 6.6% (CSE)
Friday, October 29, 2010 - 3:52pm | 248Shares of CapitalSource Inc (CSE) are currently up 6.6% at $6.11 per share during late Friday afternoon trading. Today's trading range for shares of CapitalSource Inc has been between $6.01 and $6.24 per share. The consensus price target of analysts covering the company's stock is $6.55 per share....
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Calls Purchased on iStar Financial Inc. (SFI)
Friday, October 29, 2010 - 11:21am | 164Shares of iStar Financial Inc. (NYSE: SFI) are higher on the session by 4.18%, currently trading at $4.24. The stock has been moving largely lower over the past six months, though it recently jumped above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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Oct 29: GDP Rises 2% - Economic Highlights
Friday, October 29, 2010 - 9:33am | 398GDP Advance Q3 Estimates show GDP increased by 2.4%, matching expectations, after increasing by 3.7% in the first quarter and 1.7% in the second quarter of 2010. Consumer Spending was the key growth driver rising by 2.6%, the highest since a 4.1% increase during the fourth quarter of 2006, after...
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Wunderlich Securities Reduces Annaly Capital Management Estimates And PT
Thursday, October 28, 2010 - 10:10am | 108Annaly Capital Management, Inc. (NYSE: NLY) reported a 3Q10 GAAP loss of $0.03 per share, core EPS excluding trading gains and non-cash items of $0.60, and EPS excluding only non-cash items of $0.68 per share, Wunderlich Securities reports. “Our EPS estimate of $0.68 was on the same basis as the $0...
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iStar Financial Announces Third Quarter EPS of $(0.76)
Thursday, October 28, 2010 - 7:43am | 180iStar Financial Inc. (NYSE: SFI) today reported results for the third quarter ended September 30, 2010. iStar reported adjusted earnings (loss) allocable to common shareholders for the third quarter of ($70.9) million or ($0.76) per diluted common share, compared with ($234.2) million or ($2.37)...
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Capstead Hosting Conference Call Today At 9am
Thursday, October 28, 2010 - 7:23am | 170Deutsche Bank has published a research report on Capstead Mortgage Corporation (NYSE: CMO) as 3Q results were reported to be in-line with estimates. In the report, Deutsche Bank writes "Capstead reported 3Q earnings of $0.27 per share, which was in line with our estimate but down sequentially from...
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Benzinga's After Hours Decliners (FLS, ALL, SKX, FIRE, NLY)
Wednesday, October 27, 2010 - 7:14pm | 112Among the stocks that have been falling in the after hours trading session are Flowserve (NYSE: FLS), Allstate (NYSE: ALL), Skechers USA (NYSE: SKX), Sourcefire (NASDAQ: FIRE), and Annaly Capital Management (NYSE: NLY). All of these companies reported earnings after the closing bell. Here is a look...