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Rodman & Renshaw Reiterates NeoStem Market Outperform, $3 PT
Wednesday, July 20, 2011 - 12:32pm | 97Rodman & Renshaw reiterated its NeoStem (NYSE: NBS) Market Outperform and $3 price target in a research report published today. In the report, Rodman & Renshaw states, "According to our projections, NeoStem should have $16 MM in cash and cash equivalents when reporting 2Q11 results, with...
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Morning Market Losers
Tuesday, July 19, 2011 - 8:57am | 104Neostem Inc (AMEX: NBS) dipped 23.48% to $1.01 at 9:55 am. NBS priced an underwritten public offering of 13,750,000 units at $1.20 per unit. Star Bulk Carriers Corp (NASDAQ: SBLK) fell 17.91% to $1.65. SBLK intends to offer and sell 16,500,000 common shares in an underwritten public offering....
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NeoStem Announces Proposed Public Offering of Common Stock
Monday, July 18, 2011 - 3:09pm | 144NeoStem (NYSE: NBS) today announced that it intends to offer and sell shares of its common stock and warrants in an underwritten public offering. All of the shares and warrants in the offering will be sold by NeoStem. The offering is subject to market conditions, and there can be no assurance as to...
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Chubb Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Monday, July 18, 2011 - 1:55pm | 552Now's the time to start prepping for Chubb (NYSE: CB)! Don't be caught off-guard: The company releases its next round of earnings this Thursday, July 21, 2011. Wondering what Wall Street is thinking ahead of Chubb's lastest earnings numbers? Get the latest predictions in our essential guide to...
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Earnings Preview: Analysts Expect Travelers Companies Revenue, Earnings to Dip from Previous Quarter
Monday, July 18, 2011 - 1:55pm | 567Travelers Companies (AMEX: TRV) earnings are coming up! Don't miss out: The company unveils its next round of earnings this Thursday, July 21, 2011. Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for this Thursday's second...
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AIG Hitting New 52-Week Low at $27.09
Monday, July 18, 2011 - 9:59am | 75Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of AIG (NYSE: AIG) are hitting new 52-week lows. Traders and...
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BlackRock Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Friday, July 15, 2011 - 8:40am | 547Now's the time to start prepping for BlackRock (NYSE: BLK)! Don't be caught off-guard: The company releases its next round of earnings this Wednesday, July 20, 2011. Need to cram before Wednesday's earnings release? We've got just the thing. Here's an advanced look at BlackRock's second quarter...
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NeoStem Signs Definitive Merger Agreement to Acquire Amorcyte in Equity Transaction; Neostem Will Issue 6.8M Shares, 1.9M Warrants to Buy
Thursday, July 14, 2011 - 12:01pm | 59NeoStem, Inc. (NYSE: NBS) announced the signing of a definitive merger agreement whereby NeoStem will acquire Amorcyte, Inc., a development stage cell therapy company focusing on novel treatments for cardiovascular disease. Amorcyte's lead product candidate, AMR-001, is ready to initiate a Phase...
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Bank of America Reiterates Buy and PT of $35 on Hartford Financial Services
Thursday, July 14, 2011 - 7:41am | 58Bank of America reiterated its Buy rating on Hartford Financial Services (NYSE: HIG). At the same time, the rating agency left its price target on the company's stock unchanged at $35. On Wednesday, HIG closed the day at $25.60. Its shares lost 2.34% of its value in today's pre-market trading to...
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Benzinga's Top Pre-Market Losers
Thursday, July 14, 2011 - 7:31am | 122Marriot International (NYSE: MAR) dipped 5.09% to $35.25 in the pre-market session. MAR projects earnings of $1.35 to $1.43 per share for the full year, versus analysts' estimates of $1.42 per share. Hartford Financial Services Group Inc (NYSE: HIG) moved down 4.22% to $24.52 in the pre-market...
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Sterne Agee Reduces Estimates On Hartford Financial Services
Thursday, July 14, 2011 - 7:14am | 60According to Sterne Agee, Hartford Financial Services Group (NYSE: HIG) estimates were reduced. Sterne Agee said that HIG pre-announced 2Q11 “core” operating earnings of $2m, or $0.02, well below its estimate of $281m, or $0.55. “We note HIG did not quantify PY development, whereas our estimate...
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Nigeria vs. South Africa: Much to like, much to monitor
Tuesday, July 12, 2011 - 10:17pm | 637Morgan Stanley's recent note extolling Nigeria's potential to economically outmaneuver South Africa by 2025 doesn't strike us as particularly riveting, if for no other reason that the terms of trade/consumption thesis upon which both ‘top down' pictures presumably rest underpins fundamentals in one...
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 7:24pm | 1637Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...
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Chinese Premier Wants More Pork: How to Profit
Tuesday, July 12, 2011 - 6:51am | 492Rising food prices continue to be a source of concern for the Chinese government, which fears that China may experience growing unrest as consumers are faced with rising prices. According to China's National Bureau of Statistics (NBS) the inflation rate for June came in at 6.4%, much higher than...
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Bank of America Reports Genworth Has "Sanguine Outlook"
Tuesday, July 12, 2011 - 6:30am | 96According to Bank of America, Genworth Financial (NYSE: GNW) has a sanguine outlook, with Australia and Canada labeled as “recovered” housing markets. Bank of America said that in Australia, bulls highlight favorable income trends, a low unemployment rate and housing undersupply while bears point...