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Earnings Scheduled For February 24 (TGT, GM, GPS, DWA, CRM, SHLD, USM, EP, AIG, AMAT, KSS, FSLR, SWY, FWLT, ADSK)
Thursday, February 24, 2011 - 2:49am | 396Target Corp (NYSE: TGT) is expected to post its Q4 earnings at $1.40 per share on revenue of $20.78 billion. General Motors Co (NYSE: GM) is projected to report its Q4 EPS at $0.46 on revenue of $34.11 billion. Gap Inc (NYSE: GPS) is projected to report its Q4 earnings at $0.57 per share on...
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Citi Maintains Genworth Financial Sell, $13 PT (GNW)
Wednesday, February 23, 2011 - 9:38am | 101Citi maintained its Genworth Financial (NYSE: GNW) Sell rating and $13 price target in a research report published today. In the report, Citi states, "Following the deterioration in mortgage arrears and the loss reserve addition in 4Q10, we now believe US MI won't return to profitability by 2013 vs...
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Wunderlich Reiterates Buy on HCC Insurance Holdings (HCC)
Wednesday, February 23, 2011 - 8:05am | 111Wunderlich is out with its report today on HCC Insurance Holdings (NYSE: HCC), reiterating Buy. In a note to clients, Wunderlich writes, "HCC Insurance Holdings reported 4Q10 operating results yesterday, February 22, after the market close. HCC reported 4Q10 operating EPS of $0.81 compared to $0.70...
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Wunderlich Securities Reiterates HCC Insurance Buy Rating, $34 PT (HCC)
Tuesday, February 22, 2011 - 1:05pm | 101Wunderlich Securities reiterated its HCC Insurance Holdings (NYSE: HCC) Buy rating and $34 price target in a research report published today. In the report, Wunderlich Securities states, "We anticipate HCC will report 4Q10 operating EPS of $0.72, compared to $0.70 a year ago. Our FY10 EPS estimate...
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Events to Monitor Over Weekend 02-18-2011
Friday, February 18, 2011 - 6:40pm | 784Cusick's Corner From a technical perspective, this market is strong and is showing no sign of any short-term resistance. While technicals are in line, next resistance level S&P 1344, there are some fundamental events that you should monitor over the weekend. First, German elections -- it looks...
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Benzinga's Cash Generator Knocks It Out of the Park (CALE, HIG, RYL)
Friday, February 18, 2011 - 1:59pm | 138Benzinga's Cash Generator makes every options expiration day feel like a holiday. The Cash Generator had positions in Vale (NYSE: VALE), Hartford Financial Services (NYSE: HIG), and the Ryland Group (NYSE: RYL) which expired today. Each of these positions led to effective yields between 1.05-1.60...
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Calls Active as Genworth Pops (GNW)
Friday, February 18, 2011 - 10:33am | 145Shares of Genworth Financial (NYSE: GNW) are popping higher this morning, currently up by 3.24% and trading at $14.19. There has been some takeover chatter regarding the name around trading desks, though no specifics could be found. Options traders are taking no chances and are buying upside on...
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Telefonica and Assurant Solutions to Partner in Latin America
Tuesday, February 15, 2011 - 8:34am | 106Telefonica and specialty insurer Assurant Solutions (NYSE: AIZ) announce that they have entered into a long-term partnership, with Assurant Solutions serving as the exclusive provider of mobile device protection products and services for the majority of Telefonica's Latin American holdings....
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Mubarak Out, Market Up 02-11-2011
Friday, February 11, 2011 - 2:58pm | 933Cusick's Corner Mubarak out, market up. The reality is that this market is in an overall bull trend and it does not look to be forming a top. This means that we are going to experience corrections, but the market could be forming a consolidation with a decent range until we break after 3-6 months...
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Options Brief: Genworth Financial (GNW)
Friday, February 11, 2011 - 10:37am | 81Shares of Genworth Financial (NYSE: GNW) are higher on the session by 4.69%, trading at $13.63. Overall call volume is now running at 2.31x the daily average, with 61% of all calls traded being purchases on the offer. 16,344 contracts have traded on the session so far. Genworth Financial, Inc. is...
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Stock Market Ideas for Friday, February 11
Thursday, February 10, 2011 - 6:35pm | 1581( click to enlarge ) Juniper Networks, Inc. (NYSE:JNPR) shares closed the day gaining more than 7% to a new 52-week high. The stock has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in Juniper stock showed by RSI...
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AIG Expects to Record $4.1 Billion Net Charge in Fourth Quarter 2010 to Strengthen Loss Reserves
Wednesday, February 9, 2011 - 7:54am | 62American International Group, Inc. (NYSE: AIG) announced earlier today that, following completion of its annual comprehensive loss reserve review, it expects to record a $4.1 billion charge, net of $446 million in discount and loss sensitive business premium adjustments, for the fourth quarter of...
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AIG Expects $4.1B One-Time Charge For Q4 2010 (AIG)
Wednesday, February 9, 2011 - 7:06am | 21AIG (NYSE: AIG) Reporting That It Expects A $4.1B One-Time Charge For Q4 2010.
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BofA/Merrill Downgrades GNW To Underperform
Tuesday, February 8, 2011 - 6:35am | 51Analysts at BofA/Merrill downgrade Genworth Financial Inc (NYSE: GNW) from “neutral” to “underperform.” The target price for GNW has been lowered from $15 to $12. GNW shares gained 0.70% to close at $13.00 yesterday. More Analyst Ratings here
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Notable Weakness in Small Caps 02-07-2011
Monday, February 7, 2011 - 6:26pm | 884Cusick's Corner This market continued to hold up into the close with most of the major averages closing near the highs. However, there was some notable weakness in the Small Caps, IWM, which is a development to keep an eye on. I have referred to these high beta Small Caps as the proverbial canary...