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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Benzinga's Top Pre-Market Losers
Thursday, August 11, 2011 - 7:27am | 119Sara Lee Corp (NYSE: SLE) dipped 5.55% to $16.35 in the pre-market session. Sara Lee reported a decline in its Q4 profit. American International Group Inc (NYSE: AIG) moved down 4.07% to $21.24 in the pre-market session. AIG shares have dipped 41.49% over the past 52 weeks, while the S&P 500...
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Benzinga's Top Pre-Market Losers
Tuesday, August 9, 2011 - 6:54am | 126Fossil Inc (NASDAQ: FOSL) dipped 8.93% to $85.51 in the pre-market session. FOSL issued weaker-than-expected third-quarter profit projections. E*TRADE Financial Corporation (NASDAQ: ETFC) lost 3.93% to $10.50 in the pre-market session. ETFC shares have dropped 28.66% over the past 52 weeks, while...
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Zings Of The Day, August 8, 2011
Monday, August 8, 2011 - 2:59pm | 171The U.S. Treasury pointed out a $2 trillion mistake that S&P made in assessing the U.S. credit, and ultimately downgrading it to AA+. Glad to see none of these guys passed basic arithmetic and they are rating government debt. 45,000 workers at Verizon Communications (NYSE: VZ) went on strike...
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Tech Stocks Tank on Economic Crisis, S&P Downgrade
Monday, August 8, 2011 - 2:37pm | 831I'll bet Facebook and Zynga are glad they haven't gone public yet. LinkedIn (NYSE: LNKD) is among the many tech companies taking significant losses following today's unparalleled crisis. As of this writing, the popular social networking has been hit by an 18% decline. Granted, LinkedIn was...
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Thanks S&P 08-08-2011
Monday, August 8, 2011 - 2:04pm | 1029Cusick's Corner Standard & Poor's has done what they said they were going to do -- downgrade the US and Government home lending agencies. After looking at the EU's efforts that will hold up Spain and Italy, it is hard to imagine that with the Fed meeting this week and the fact that our...
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Why Does Brian Moynihan Still Have A Job?
Monday, August 8, 2011 - 11:57am | 349Excuse me, institutional shareholders, how are you feeling about your Bank of America (NYSE: BAC) position? When you bought in, you probably thought you were getting a nice bargain, right? The stock has been trading significantly below book value for a very long time. Heck, the smartest hedge fund...
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Progressive Earnings Preview: Analysts Expect Rising Revenue, Falling EPS
Monday, August 8, 2011 - 11:04am | 564Progressive (NYSE: PGR) releases its next round of earnings this Thursday, August 11, 2011. Here's Benzinga's essential guide to Progressive's second quarter earnings report. Earnings and Revenue: Analysts are looking ahead to a positive EPS of 35 cents/share and revenues of $3.86 billion....
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Great Depression 2.0: You've Got Nothing
Monday, August 8, 2011 - 11:02am | 769What was a recession is now starting to look like a full blown depression. Bank of America (NYSE: BAC) is being sued by AIG (NYSE: AIG) for $10 billion. This is both ironic, hilarious and depressing, as AIG nearly caused the financial crisis in 2008, and could lead to starting another with this...
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Options Brief: Genworth Financial
Monday, August 8, 2011 - 9:20am | 81Shares of Genworth Financial (NYSE: GNW) are lower on the session by 7.52%, trading at $6.27. Overall call volume is now running at 2.40x the daily average, with 3% of all calls traded being purchases on the offer. 22,951 contracts have traded on the session so far. Genworth Financial, Inc. is a...
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Unitrin Announces the Sale of Fireside Bank's Active Loan Portfolio
Monday, August 8, 2011 - 6:08am | 108Unitrin, Inc. (NYSE: UTR) announced today that its subsidiary, Fireside Bank, has signed a definitive agreement with a subsidiary of Consumer Portfolio Services, Inc., to sell its active loan portfolio. Unitrin anticipates that the transaction will close in the third quarter of 2011, subject to...
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The Headache Continues: AIG to Sue Bank of America Over Mortgage Bonds
Monday, August 8, 2011 - 5:09am | 278Further extending a tiresome issue in many shareholders minds, American International Group (NYSE: AIG) is expected to file a civil lawsuit against Bank of America (NYSE: BAC) over hundreds of mortgage-backed securities. Citing three people familiar with the matter, the New York Times is reporting...
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Financials and Technology Stocks Lead Market Decline in Early Trading
Friday, August 5, 2011 - 10:44am | 625Despite an early pop in all major U.S. Indexes on the heels of a better-than-expected jobs report, the market has given up its early gains and has sunk, once again, deep into negative territory. The S&P 500 (SPX), which had traded as high as 1218.11, is currently down 12.82 points (1.1%) to 1...
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Benmosche: AIG No Longer Beholden to US Government
Thursday, August 4, 2011 - 8:14pm | 91"We have actually turned the corner and our crisis is over" and American International Group (NYSE: AIG) is no longer beholden to the U.S. government, CEO Robert Benmosche told CNBC Thursday. AIG sold 100 million shares during its most recent stock offering and that "everything else the government...