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Stocks That Crossed 52-Week Highs (TDSC, AAON, ACTG, AAME, BBSI)
Wednesday, April 28, 2010 - 2:15pm | 2123D Systems Corp (NASDAQ: TDSC) crossed its earlier 52-week high of $15.56 and created a new 52-week high at $15.82, up 2.53%. TDSC was upgraded by Canaccord Adams from “hold” to “buy.” AAON, Inc (NASDAQ: AAON) was another stock that made a new 52-week high at $24.10. AAON manufactures and sells air...
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Market Update – Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Comcast (NASDAQ:CMCSA), WellPoint (NYSE:WLP)
Wednesday, April 28, 2010 - 9:24am | 1377Continuing fears about the debt situation in Greece and Portugal caused stocks in Europe and Asia to fall yesterday; investors continue to perceive these countries’ situations as too risky. According to Citigroup (NYSE: C) executives, as the debt situation worsens many Greek banks are in danger of...
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US Stocks Crash In The Light Of Europe's Debt Problems
Wednesday, April 28, 2010 - 5:22am | 188US stocks closed at their lowest in past three months yesterday, after Standard & Poor's labeled Greece’s debt as ‘junk.’ The ratings agency also downgraded Portugal’s credit rating by two notches, reigniting worries regarding Europe's debt issues. Equity strategist Peter Boockvar at Miller...
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Coca-Cola (NYSE:CCE) Beats Forecasts, 3M Company (NYSE:MMM) Revenue Jumps, and Ford (NYSE:F) Swings To $2.1 Billion Profit
Tuesday, April 27, 2010 - 9:33am | 1015Ford Motor Company (NYSE:F) announced on Tuesday morning that it beat consensus Wall Street estimates. Ford Motor reported that it swung to a 1st quarter profit of $2.1 billion, 50 cents per share, from a loss of $1.4 billion, or 60 cents per share, a year earlier. According to a survey of...
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Recovery on track despite initial hiccups for Greece
Monday, April 26, 2010 - 1:17am | 598G10 Advancers and Decliners vs USD GBP 0.35 CHF -0.06 EUR -0.10 JPY -0.26 The JPY fell against higher- yielding currencies as signs that a worldwide economic recovery is gaining momentum boosted demand for riskier assets and after a report showed UK house prices rose for...
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US Stocks Rally On Impressive Home Sales Data
Friday, April 23, 2010 - 11:18am | 259US stocks rallied quickly after the Commerce Department reported higher-than-expected sales of new homes in March. The sales rose to the largest year-over-year increase in nearly five years as buyers rushed to secure government tax credits scheduled to expire at the end of April. After opening in...
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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 7:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 7:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Market Roundup (BX, GS, CTL, Q, LCC, UAUA, CAL, AIG)
Thursday, April 22, 2010 - 1:00pm | 321Blackstone (NYSE: BX) is sticking with Goldman Sachs (NYSE: GS) as BX’s CEO Stephen Schwarzman continues to have full faith in the ethics of the financial firm. He said that he hasn't doubted the firm in 40 years of their work relationship. He added, "We’re a major client of Goldman’s and will...
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Gold Man, Gold Bug, Golden Opportunity, Goldman Sachs (NYSE:GS)
Thursday, April 22, 2010 - 12:38pm | 1796The big news in the markets and media is Goldman Sachs (NYSE:GS), just charged with a fraud suit that alleges they didn’t disclose material information about a CDO they packaged and sold in 2008. The stock promptly sold off to the tune of 15% (down nearly $30, to $155) before rebounding to settle...
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Apple Revolution (NASDAQ:AAPL)
Wednesday, April 21, 2010 - 3:36pm | 1036In economics, “disintermediation” refers to “the removal of intermediaries in the supply chain.” Today, Apple (NASDAQ:AAPL) released their quarterly earnings numbers, absolutely blowing away Wall Street estimates. The company reported EPS of $3.33 compared to consensus estimates of $2.45. In the...
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Apple Revolution (NASDAQ:AAPL)
Wednesday, April 21, 2010 - 3:36pm | 1036In economics, “disintermediation” refers to “the removal of intermediaries in the supply chain.” Today, Apple (NASDAQ:AAPL) released their quarterly earnings numbers, absolutely blowing away Wall Street estimates. The company reported EPS of $3.33 compared to consensus estimates of $2.45. In the...
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Stock Market News for April 20, 2010 - Market News
Tuesday, April 20, 2010 - 8:45am | 555Easing worries about Goldman and strong profit numbers from Citigroup helped lift financial shares and the broader market even as speculation about possible changes to financial-industry regulations hovered over Wall Street. Stocks seesawed through afternoon as traders came to terms with the...
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Goldman Sachs (GS) Is Just The First
Saturday, April 17, 2010 - 2:01am | 177Now that Goldman Sachs (GS) is in the crosshairs of the SEC, what other companies might soon face increased scrutiny? Bank of America (BAC) may also face a fraud investigation because of two firms acquired during the crisis: Countrywide and Merrill Lynch. According to Dutch bank Cooperatieve...
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Top Stocks of Connecticut
Saturday, April 17, 2010 - 1:24am | 816The state of Connecticut is home to the BioScience cluster, the Aerospace, Software and information technology, Metal Manufacturing, Maritime, Plastics, Agricultural, and Insurance and financial services clusters. These clusters symbolize the state’s diversified economy, and are evident in the...