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Too Big To Fail Leads The Markets Lower
Monday, June 6, 2011 - 2:49pm | 367The large major banks are leading the major stock market indexes lower for a fourth consecutive trading session. It is important to remember that the four largest banks and many of the leading brokerage firms have been under pressure since the start of May 2011. These stocks are all short term...
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Can Market Pull a Nowitzki? 06-03-2011
Friday, June 3, 2011 - 2:24pm | 957Cusick's Corner Can the market pull off a Nowitzki? (This is the name of Dallas Maverick's German Center, in reference to their roaring comeback in game 2 of the NBA finals.) The long and short of it is that I am going to be watching the 1313 level, plus want to see a break and settle above this...
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Downside Should Be Respected 06-02-2011
Thursday, June 2, 2011 - 2:41pm | 1011Cusick's Corner Where do you start? Well for one the data was not good (ISM/Claims showing slower growth) and Greece looked for certain to go into default. But wait, the ECB announces a new plan to bailout Greece, popping the Euro and other Currencies (especially commodity based currencies like...
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Options Brief: Genworth Financial
Thursday, June 2, 2011 - 11:58am | 81Shares of Genworth Financial (NYSE: GNW) are higher on the session by 4.04%, trading at $11.06. Overall call volume is now running at 8.93x the daily average, with 61% of all calls traded being purchases on the offer. 20,311 contracts have traded on the session so far. Genworth Financial, Inc....
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Mad Money Lightning Round: Cramer Advises Investors To Buy McDonald's
Wednesday, June 1, 2011 - 11:49pm | 170On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he likes Petroleo Brasileiro's (NYSE: PBR) “oil fields but not the stock." For Limelight Networks (NASDAQ: LLNW), he said, "I think there are worries on both sides. I think it's a soft patch for tech, but I still like it."...
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AIG and the U.S. Department of the Treasury Complete 300M Share Offering of AIG Common Stock
Friday, May 27, 2011 - 11:27am | 111American International Group, Inc. (NYSE: AIG) announced today the completion of a registered public offering of 300 million shares of AIG common stock, par value $2.50 per share, by AIG and the U.S. Department of the Treasury, as the selling shareholder. One hundred million shares were issued...
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Is Now the Time to Bet on AIG?
Thursday, May 26, 2011 - 1:04pm | 380Has AIG (NYSE: AIG) gone from “too big to fail” to “too cheap to overlook”? Maybe. Conventional wisdom says that the smart money is found in leading the herd from pasture to pasture. However, it is unlikely you, a lone investor, have the financial means to move the entire market overnight, the way...
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Upgrades Downgrades, Stocks to Watch May 25
Wednesday, May 25, 2011 - 7:42am | 301iShares Silver Trust ETF (SLV) Started breaking out overnight after Europe opened at the 5am hour. Spot trading above $37. After the Bell American International Group, Inc. (AIG) Offering To Price At $29/Share- Broken in the pre market - Broken on the daily Watch my "On the Wire" video below....
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Doug Kass Going Long AIG
Wednesday, May 25, 2011 - 7:18am | 43Doug Kass tweeted that he is going long American International Group, Inc. (NYSE: AIG) at $28.65 in premarket trading. Kass is a contributor to CNBC and TheStreet.com.
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US Stock Futures Slightly Down Ahead Of Durable-Goods Data, Applied Materials Shares Down In Pre-Market Trading
Wednesday, May 25, 2011 - 5:27am | 583US stock futures are slightly lower this morning, as investors are awaiting durable-goods data. Shares of Applied Materials Inc (NASDAQ: AMAT) dropped in pre-market trading after the company issued a disappointing forecast. Futures on the Dow Jones Industrial Average dropped 14 points to 12,313.00...
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AIG Raises $8.7 Billion in Share Offering
Wednesday, May 25, 2011 - 4:53am | 286American International Group, Inc. (NYSE: AIG) announced Tuesday that the registered public offering of 300 million shares of its common stock, by AIG and the U.S. Department of the Treasury, was priced at $29.00 per share. The $8.7 billion raised in the offering was less than estimates of $9...
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Stocks To Watch For May 25
Tuesday, May 24, 2011 - 11:36pm | 295Some of the stocks that may grab investor focus today are: Wall Street expects Costco Wholesale Corporation (NASDAQ: COST) to report its Q3 EPS at $0.77 on revenue of $20.07 billion. Costco shares fell 0.21% to $81.18 in after-hours trading. Applied Materials Inc (NASDAQ: AMAT) reported upbeat...
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AIG Prices At $29
Tuesday, May 24, 2011 - 4:36pm | 24CNBC's Kate Kelly is reporting that AIG (NYSE: AIG) has priced its "re-IPO" at $29 per share.
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AIG Likely To Price Around $29
Tuesday, May 24, 2011 - 3:07pm | 29The AIG (NYSE: AIG) offering is likely to price around $29 per share, according to CNBC's Kate Kelly. Shares closed at $29.43 today.
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What's Hot On TheStreet?
Tuesday, May 24, 2011 - 1:23pm | 259Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet How Canada Beats the U.S. Throughout the financial crisis that pummeled most of the world, Canadian institutions not only survived, they thrived. That success, credited to a mix of regulatory and cultural forces...