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Morning Market Movers (ATRN, TOMO, ALRN, NSEC)
Monday, March 7, 2011 - 9:57am | 165Atrinsic Inc (NASDAQ: ATRN) surged 51.59% to $4.53 at 9:55 am. ATRN reported that subscribers to its Kazaa digital music subscription service can access the Kazaa music service on the iPad and iPhone. TomoTherapy Incorporated (NASDAQ: TOMO) shares surged 27.52% to $4.68. Accuray Inc (NASDAQ: ARAY...
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Wunderlich Securities Reiterates Buy Rating, $34 PT On HCC
Friday, March 4, 2011 - 7:14am | 126Wunderlich Securities met with CEO John Molbeck of HCC Insurance Holdings (NYSE: HCC) at the Association of Insurance and Financial Analysts (AIFA) conference on March 1. “Despite difficult market conditions, Mr. Molbeck remains confident in HCC's ability to deliver superior underwriting results...
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Jeffrey M. Farber Named AIG Deputy CFO
Thursday, March 3, 2011 - 9:20am | 81American International Group, Inc. (NYSE: AIG) today announced that Jeffrey M. Farber has been named Senior Vice President, Deputy Chief Financial Officer. In this new position, Mr. Farber will provide global leadership and coordination for AIG’s Controllership and Accounting...
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KBW Comments On S&P Sharecount Changes (SLM, AIZ, PJC)
Thursday, March 3, 2011 - 7:37am | 128After the close on Wed. 3/2, S&P announced weekly sharecount changes impacting three financial companies that will be effective after the close on Wed. 3/9, KBW reports. “S&P is increasing the sharecount of SLM Corporation (NYSE: SLM) and decreasing the sharecount of Assurant Inc. (NYSE:...
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MetLife Down After AIG Allowed To Sell Its Stake Earlier Than Expected (MET, AIG)
Wednesday, March 2, 2011 - 2:14pm | 165Shares of MetLife, Inc. (NYSE: MET) are currently trading at $43.97, down 4.69% from $46.04 at yesterday's close. Thus far, the trading range for MET has been from a high of $44.77 to a low of $43.74 today. The average price target analysts have for this stock is $54.53, according to Yahoo! (NASDAQ...
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3-2-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, March 2, 2011 - 11:54am | 4485Ryan Vlastelica, Reuters Wall Street gains as jobs report offsets high oil NEW YORK (Reuters) – Stocks were slightly higher on Wednesday as strong labor market data offset the impact of continued high oil prices. Private employers added 217,000 jobs in February, according to the ADP Employer...
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Four Trade Ideas for Wednesday, March 02
Tuesday, March 1, 2011 - 6:05pm | 2637( click to enlarge ) Technical analysis outlook for Las Vegas Sands Corp. (NYSE:LVS) remain bearish. Both stochastic analysis and MACD charts are flashing bearish outlook for the stock. The near-term outlook is negative and a move to the $41.30-42.80 range appears likely. Only a break above $46...
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MetLife Announces Common Stock Offerings Totaling 146M Shares
Tuesday, March 1, 2011 - 4:30pm | 144MetLife, Inc. (NYSE: MET) announced today plans to offer 68,570,000 shares of its common stock to the public. ALICO Holdings LLC, a subsidiary of American International Group, Inc. (NYSE: AIG), is also offering 78,239,712 shares of MetLife common stock to the public, for a total offering of 146,809...
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US Stock Futures Up As Crude Oil Prices Stabilize; Economic Data, Earnings In Focus
Friday, February 25, 2011 - 6:43am | 567US stock futures are higher this morning as crude oil prices stabilized. Investors are awaiting economic reports. Futures for the Dow Jones Industrial Average gained 55 points to 12,092.00, while those for the S&P 500 index climbed 7 points to 1,309.70. Futures for the Nasdaq 100 index rose 15....
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AIG Earnings: $14.75 EPS; Revenues $77.3B Vs. $66.78B (AIG)
Thursday, February 24, 2011 - 4:54pm | 24AIG (NYSE: AIG) reports FY 2010 reults: EPS of $14.75; revenues of $77.3B versus the $66.78B Thomson consensus.
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AIG Reports Fourth Quarter Net Income of $11.2B
Thursday, February 24, 2011 - 4:54pm | 151American International Group, Inc. (NYSE: AIG) today reported net income of $11.2 billion for the quarter ended December 31, 2010, and $7.8 billion for the full year 2010. Diluted earnings per share were $16.60 for the fourth quarter and $11.60 for the full year, compared with a loss of $18.53 for...
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ALICO Accelerates MetLife's International Growth
Thursday, February 24, 2011 - 11:42am | 166MetLife (NYSE: MET) increased its international presence substantially after the acquisition of ALICO in 2010. MetLife competes with AIG (NYSE: AIG), The Hartford (NYSE: HIG), Prudential Financial (NYSE: PRU) and New York Life Company. MetLife reported a 36% increase in premiums, fees and other...
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Priceline.com (PCLN) Delivers Yet Again
Thursday, February 24, 2011 - 10:57am | 974Priceline.com (PCLN) continues to astound me with it's performance. Since the August lows, it has doubled... after having a stellar 2009 and early 2010. I was a mega bull on this name a long while back but in this case I certainly left the train far too early and left a ton on the table, as the...
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Wunderlich Securities Comments On HCC Insurance Holdings
Thursday, February 24, 2011 - 8:59am | 199HCC Insurance Holdings (NYSE: HCC) Chairman John Molbeck was quick to articulate optimism for HCC's future on the 4Q10 conference call. The positive outlook is slightly in contrast to the 2011 earnings guidance HCC provided with the 4Q10 release. EPS for 2011 are expected to be in a range of $2.75...
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US Stock Futures Down As Oil Prices Advance, GM Earnings In Focus
Thursday, February 24, 2011 - 6:39am | 370US stock futures are lower this morning, as oil prices continued to surge. Investors are also awaiting earnings from General Motors Co (NYSE: GM). Futures on the Dow Jones Industrial Average dropped 40 points to 12,054.00 and S&P 500 stock futures fell 6.10 points to 1,299.40. Nasdaq 100...