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Benzinga's Top ETF Decliners, July 18th (ZSL, TNA, SOXL, FAS)
Monday, July 18, 2011 - 7:17pm | 191ProShares UltraShort Silver (ETF) (NYSE: ZSL) traded lower for the fifth trading session in a row on Monday. It lost 6.82%, and closed at $13.25 as silver continued to move higher. Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) traded lower today, along with the Russell 2000 Index. TNA...
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Support Held 07-18-2011
Monday, July 18, 2011 - 5:58pm | 1009Cusick's Corner Support held, 1295 on the S&Ps, and we finished the day above 1300 which is the psychological support, bringing this index, followed by the other majors, above the mid-term support of their 50-day moving averages. Tomorrow the market will focus on the Housing Starts and Permits...
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Fifth Third Bancorp Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Monday, July 18, 2011 - 2:55pm | 592Fifth Third Bancorp (NASDAQ: FITB) earnings are coming up! Don't miss out: The company unveils its next round of earnings this Thursday, July 21, 2011. Want to know what analysts are expecting to see in Fifth Third Bancorp's lastest earnings numbers? We thought so. Here's an advanced look at the...
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Earnings Preview: BB&T Earnings Expected to Increase Over Last Quarter
Monday, July 18, 2011 - 2:55pm | 587It's time to gear up for BB&T (NYSE: BBT) earnings! Keep your head in the game: The company releases its next round of earnings this Thursday, July 21, 2011. Wondering what to expect from this Thursday's announcement? Don't worry. Here's your essential guide to BB&T's second quarter...
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Earnings Preview: Analysts Expect Morgan Stanley Revenue, Earnings to Dip from Previous Quarter
Monday, July 18, 2011 - 2:55pm | 551Get ready for Morgan Stanley (NYSE: MS) earnings! Don't be the last to know: The company announces its next round of earnings this Thursday, July 21, 2011. Wondering what to expect from Morgan Stanley's lastest earnings numbers? We thought so. Here's an advanced look at the company's second...
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Monday's Mid-Day Options Volume Leaders
Monday, July 18, 2011 - 12:25pm | 83Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 298,362 contracts, 60.0% calls, 40.0% puts 2. Apple Inc. (NASDAQ: AAPL) 205,298 contracts, 67.5% calls, 32.5% puts 3. Citigroup Inc. (NYSE: C) 98,784 contracts, 77.6% calls, 22.4% puts 4. JP Morgan (NYSE: JPM) 65,567...
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The Other Side of the Public Debt Bubble: Sovereigns and Ratings Don't Mix
Monday, July 18, 2011 - 12:05pm | 1054By Peter Atwater So why was it we believed that you could accurately rate countries in the first place? During the 2008 banking crisis, we all learned that despite their presumed safety, the triple-A ratings on a mortgage-backed security were only as good as the willingness and ability of the...
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Financial Slaughter House
Monday, July 18, 2011 - 12:05pm | 238The banks are taking a big hit again on more comments and bearish sentiment on Wall Street. Bank of America Corporation (NYSE: BAC) has come crashing through the $10.00 level and is now trading at $9.62, -0.38 (-3.75%). More and more talk about the banks has been heard in regards to their exposure...
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Bank of America Hits New 52-Week Low at $9.54
Monday, July 18, 2011 - 12:02pm | 76Many 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 Bank of America (NYSE: BAC) are hitting new 52-week lows. Traders...
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Financial Stocks Hold The Cards
Monday, July 18, 2011 - 9:58am | 181This morning, all of the major financial stocks are declining lower. This sector has lead the markets lower throughout the trading year. Stocks such as Bank of America Corp.(NYSE: BAC), and Morgan Stanley(NYSE: MS) are making new 52 week lows this morning. Other leading financial stocks such as...
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Bank of America Changes Estimates On Citigroup
Monday, July 18, 2011 - 9:30am | 111Bank of America has published a report on Citigroup (NYSE: C). In the report, Bank of America writes, "Citi reported 2Q EPS of $1.09 vs. BofAMLe $.98, cons. $.96. Result was a mixed bag; Citicorp, the “core”, actually missed by about $.04 (including Corporate/Other unit), largely on weak...
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Morgan Stanley Reiterates Overweight and PT of $58 on Citigroup
Monday, July 18, 2011 - 9:20am | 55Morgan Stanley reiterated its Overweight rating on Citigroup (NYSE: C). At the same time, the rating agency left its price target on the company's stock unchanged at $58. On Friday, C closed the day at $38.38. Its shares lost 0.65% of their value in today's pre-market trading to stand around $38....
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Oppenheimer Reiterates Outperform on Citigroup
Monday, July 18, 2011 - 9:18am | 51Oppenheimer reiterated its Outperform rating on Citigroup (NYSE: C). At the moment, Oppenheimer does not have a price target on the company's stock. On Friday, C closed the day at $38.38. Its shares lost 0.65% of their value in today's pre-market trading to stand around $38.13.
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J.P. Morgan Maintains Overweight on Citigroup
Monday, July 18, 2011 - 9:06am | 118J.P. Morgan is out with its report today on Citigroup (NYSE: C), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We maintain Citigroup at Overweight longer term relative to our universe due to relatively attractive valuation with the shares trading below tangible book value,...
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UPDATE: Oppenheimer Lowering Price Target On Citigroup
Monday, July 18, 2011 - 8:44am | 175Oppenheimer & Co. is out with a research report on Citigroup (NYSE: C) after it reported earnings on Friday. The price target is being lowered to $53 from $55, but it still has an Overweight rating on shares. In a note to clients, Oppenheimer & Co. writes, "While it was not a sterling...