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Friday's Mid-Day Options Volume Leaders
Friday, July 22, 2011 - 11:48am | 83Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 152,196 contracts, 62.5% calls, 37.5% puts 2. Microsoft Corp. (NASDAQ: MSFT) 143,891 contracts, 47.4% calls, 52.6% puts 3. Bank of America (NYSE: BAC) 108,266 contracts, 59.2% calls, 40.8% puts 4. Caterpillar Inc. (NYSE...
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Financial Stocks Tanking! Ignore at Your Own Peril!
Friday, July 22, 2011 - 7:30am | 129The KBW Bank Index includes 24 of the nation's largest banks — “Too Big to Fail” institutions such as Citigroup (C), Bank of America (BAC), and JPMorgan Chase (JPM) ... “superregionals” like U.S. Bancorp (USB) and PNC Financial Services ... Go to http://SwingTradingDaily.com for full article,...
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Hungry for commercial real estate
Friday, July 22, 2011 - 1:01am | 749Do you ever get in one of those moods where you really want to eat something in particular? You feel like you need to eat something specific and nothing else will satisfy your craving. Like, right now, I am craving a chocolate milkshake from the little ice cream shop near my home. Nothing else...
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Benzinga's Top ETF Decliners, July 21st (TVIX, FAZ, ERY, EDZ)
Thursday, July 21, 2011 - 7:51pm | 194VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) traded sharply lower on Thursday on the news that Greece will get another bailout package. TVIX dropped 10.74%, and closed at $16.96. Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) closed the third trading session in a row lower as...
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John Paulson Capitulates; Sells Bank Stocks
Thursday, July 21, 2011 - 3:55pm | 355Reuters is reporting that John Paulson told investors in his sprawling hedge fund, Paulson & Co., that his bets were "too aggressive" and that he is trimming back on some of his riskiest positions. In a conference call, he said that he has pared positions in bank stocks that have significant...
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Rally Broad-Based 07-21-2001
Thursday, July 21, 2011 - 3:48pm | 971Cusick's Corner Stocks are up on earnings and Europe appears closer to a Greek bailout plan. This rally is broad-based; all sectors are in the green with Financials, XLF, and Energy, XLE, leading the pack. See you After Hours. Stocks are broadly higher with help from earnings and diminishing...
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Thursday's Mid-Day Options Volume Leaders
Thursday, July 21, 2011 - 1:06pm | 83Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 354,821 contracts, 82.2% calls, 17.8% puts 2. Apple Inc. (NASDAQ: AAPL) 188,164 contracts, 63.0% calls, 37.0% puts 3. Intel Corp. (NASDAQ: INTC) 147,503 contracts, 67.3% calls, 32.7% puts 4. Microsoft Corp. (NASDAQ:...
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News Summary for July 20, 2011
Thursday, July 21, 2011 - 7:53am | 701This is your Benzinga news summary and traders' outlook for Thursday, July 21, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly lower as traders wait for several blue-chip companies to report...
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Stocks Took a Breather 07-20-2011
Wednesday, July 20, 2011 - 7:37pm | 992Cusick's Corner Stocks took a breather, a little profit taking after yesterday's rally. Financials led the day on news from E-Trade (ETFC) and US Bancorp (USB). The Financial Select Sector ETF (XLF) was up +1.14% to close at 15 and the option volume was almost 80% higher than the average daily...
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Bank Stocks Jump Higher On Valuation
Wednesday, July 20, 2011 - 1:11pm | 220The bank stocks are surging today on the back of cheap valuations. Since the beginning of 2011, most financial stocks are down dramatically, continually hitting new 52 week lows. This past week, earnings have come from all the major players. Solid earnings were reported by JPMorgan Chase & Co...
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American Express Earnings Preview: Analysts Expect Falling Revenue, Rising EPS Over Last Quarter
Wednesday, July 20, 2011 - 12:06pm | 580American Express Company (NYSE: AXP) unveils its next round of earnings this Wednesday, July 20, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of 99 cents...
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Benzinga's Top Downgrades
Wednesday, July 20, 2011 - 9:29am | 126Analysts at Jefferies & Company downgraded El Paso Electric Company (NYSE: EE) from “buy” to “hold.” EE's stock closed at $33.17 yesterday. El Paso Electric's PEG ratio is 2.93. Analysts at Nomura downgraded CNOOC Limited (NYSE: CEO) from “buy” to “neutral.” CNOOC's shares closed at $234.81...
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KBW Reiterates Market Perform on Bank of America, Reduces PT to $11.50
Wednesday, July 20, 2011 - 9:17am | 56KBW reiterated its Market Perform rating on Bank of America (NYSE: BAC). At the same time, the rating agency reduced its price target on the company's stock to $11.50. On Tuesday, BAC closed the day at $9.57. Its shares added 1.15% to their value in today's pre-market trading to stand around $9.68.
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CLSA Downgrades Bank of America To Outperform, Lowers PT To $11
Wednesday, July 20, 2011 - 9:01am | 28CLSA has downgraded Bank of America (NYSE: BAC) from Buy to Outperform and has lowered the price target from $14 to $11.
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Malus domestica Produces 07-19-2011
Tuesday, July 19, 2011 - 6:41pm | 973Cusick's Corner AAPL: in the infamous words of Harry Caray, "Holy Cow!" The large cap Tech company blew earnings away and still led with conservative guidance, no surprise, into Q3. While the NASDAQ futures popped, the S&Ps have muted reaction to the After Hours news, further stressing that...