Multi-line Insurance

Tuesday morning, Argus upgraded Nike (NYSE: NKE) shares to a “buy” from a “hold” rating, setting a 12-month price target of $82. The firm believes the athletic apparel giant is well positioned to outperform its competitors and deliver solid earnings growth. Speaking of outperformance, the stock...

The Chief Executive Officer of American International Insurance has announced that he will relinquish his chair if the Prudential (NYSE: PRU)-AIG (NYSE: AIG) deal comes to fruition. Currently, American International Group (AIG) is in talks with Prudential (PRU) for the sale of its Asian insurance...

Reuters:   China avoided a commitment on the yuan’s value during talks with the US. Reuters:   A Senate committee will look at the UAL (NASDAQ: UAUA) merger with Continental (NYSE: CAL). Reuters:   Geithner pushed the Chinese on open trade. Reuters:   Barron’s says Sprint-Nextel (NYSE: S) shares...

Reuters:   China avoided a commitment on the yuan’s value during talks with the US. Reuters:   A Senate committee will look at the UAL (NASDAQ: UAUA) merger with Continental (NYSE: CAL). Reuters:   Geithner pushed the Chinese on open trade. Reuters:   Barron’s says Sprint-Nextel (NYSE: S) shares...

Recently, Exelixis Pharma (EXEL) presented positive data from a mid-stage trial of its lead candidate, XL184. The drug, which is being co-developed with Bristol-Myers Squibb (BMY), is currently undergoing multiple clinical studies for several indications. XL184 is being studied in a phase II trial...

Shares of Genworth Financial Inc. (NYSE: GNW) are trading flat on the session, currently at $14.95. The stock recently breached the 50-day moving average and has failed to regain the level. It seems like a move down to the 200-day is imminent ($13.75). Options trading is favoring the put side...

The head of sovereign debt rating is leaving Moody’s (NYSE: MCO). The company has been under withering criticism for its evaluations of mortgage-backed debt and paper issued by the treasuries of independent country’s. Moody’s recently downgraded Greece, Spain, and Portugal–better late than never....

The head of sovereign debt rating is leaving Moody’s (NYSE: MCO). The company has been under withering criticism for its evaluations of mortgage-backed debt and paper issued by the treasuries of independent country’s. Moody’s recently downgraded Greece, Spain, and Portugal–better late than never....

SEC filings are in for Q1 2010, so 'whale watching' season is on. We'll just focus on our normal few who make large directional and/or macro bets, starting with the now infamous John Paulson - the world's largest gold bug. :) The biggest news this quarter appears to be a new exposure to home...

The head of sovereign debt rating is leaving Moody’s (NYSE: MCO). The company has been under withering criticism for its evaluations of mortgage-backed debt and paper issued by the treasuries of independent country’s. Moody’s recently downgraded Greece, Spain, and Portugal–better late than never....

Late last week, Caris & Co. initiated coverage on four major Internet stocks: Google (NASDAQ: GOOG), eBay (NASDAQ: EBAY), Yahoo! (NASDAQ: YHOO), and Amazon.com (NASDAQ: AMZN).  GOOG was given an “average” rating but the other three were named a “buy.” For AMZN, the covering analyst gave the...

• Mergers and acquisitions front picked up steam over the weekend, with mergers reported by Man Group, Universal Health, and Apollo Global Management • Man Group announced plans to buy GLG Partners (NYSE:GLG) for $4.50 per share or $1.6 billion • Universal Health (NYSE:UHS) announced plans to pay $...

US stock futures moved up higher today, despite continued concerns over European Union debt and growth in the Chinese market. While futures on the S&P 500 moved up 4.2 points to 1,139.50, those on the Nasdaq 100 rose 6.5 points to 1,916.20. Meanwhile, Dow Jones Industrial Average futures...

US stock futures moved up higher today, despite continued concerns over European Union debt and growth in the Chinese market. While futures on the S&P 500 moved up 4.2 points to 1,139.50, those on the Nasdaq 100 rose 6.5 points to 1,916.20. Meanwhile, Dow Jones Industrial Average futures...