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NASDAQ Stocks Hitting 52-Week Highs
Monday, June 13, 2011 - 10:09am | 176EMS Technologies Inc (NASDAQ: ELMG) shares rose 32.30% to create a new 52-week high of $32.81. Honeywell International Inc (NYSE: HON) announced its plans to buy EMS Technologies for around $491 million. Ness Technologies Inc (NASDAQ: NSTC) shares gained 14.22% to create a new 52-week high of $7....
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BofA Shareholders, ‘How Long Can You Tread Water?'
Monday, June 13, 2011 - 10:03am | 1342What did the Lord say to Noah? The same thing that Bank of America CEO Brian Moynihan might now be saying to his shareholders. That is, ‘how long can you tread water?' Bank of America's stock is down approximately 25% on the year and close to 35% over the last twelve months. While it has doubled...
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Ness Surges In Pre-Market Trading On Acquisition Agreement
Monday, June 13, 2011 - 8:38am | 112Shares of Ness Technologies Inc (NASDAQ: NSTC) advanced more than 13% in the pre-market session after NSTC agreed to be purchased by an affiliate of Citigroup Inc's (NYSE: C) venture capital arm for $307 million in cash. Under the deal, the shareholders of Ness will receive $7.75 per share for...
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Upgrades Downgrades, Stocks To Watch June 13
Monday, June 13, 2011 - 8:28am | 302Lululemon Athletica Inc. (LULU) - 2 Notes - one positive one negative. Nomura Upgrades it and is giving it a price target 4 points below current price - Barron's says its overbought. Shares look overpriced, Barron's says Lululemon upgraded to Neutral from Reduce at Nomura - momentum. Price...
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Benzinga's Top Pre-Market NASDAQ Gainers
Monday, June 13, 2011 - 8:10am | 150Ness Technologies Inc (NASDAQ: NSTC) shares advanced 12.72% to $7.53 in the pre-market session. NSTC agreed to be purchased by an affiliate of Citigroup Inc's (NYSE: C) venture capital arm for $307 million in cash. A123 Systems Inc (NASDAQ: AONE) shares advanced 7.96% to $4.88 in the pre-market...
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JP Morgan Chase: 'My favorite stock'
Sunday, June 12, 2011 - 8:00pm | 130by J. Royden Ward, editor Cabot Benjamin Graham Value Letter This month, we are unveiling a new feature in our Cabot Benjamin Graham Value newsletter. Many of you send emails asking me to choose my best stock. Our new "My Favorite Stock" feature, is chosen from our model portfolios. And my first...
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JP Morgan Chase: 'My favorite stock'
Sunday, June 12, 2011 - 8:00pm | 130by J. Royden Ward, editor Cabot Benjamin Graham Value Letter This month, we are unveiling a new feature in our Cabot Benjamin Graham Value newsletter. Many of you send emails asking me to choose my best stock. Our new "My Favorite Stock" feature, is chosen from our model portfolios. And my first...
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Curde Oil Market: A $2.5 Trillion a Year Global Fake Out? (Guest Post)
Saturday, June 11, 2011 - 6:37pm | 1804By Ilene From Phil Davis: Speculators at the NYMEX are doing it again and have NO INTENTION WHATSOEVER of accepting delivery of even 1/10th of the 367M barrels they had as open contracts last week. In fact, Wednesday (June 8) they traded their contracts 454,043 times. It's a 123% daily churn...
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Financial Stocks Surging into the Close
Friday, June 10, 2011 - 3:32pm | 283Financial stocks, which have been beaten down as of late, are surging in the afternoon trading session, shrugging off earlier losses. The best performing financial stocks in the market right now are: 1) Bank of America (NYSE: BAC): Shares of Bank of America are currently trading up 2.5% from...
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Will the Fed's New Regulations Prevent Recovery?
Friday, June 10, 2011 - 3:10pm | 458On Friday, the Federal Reserve announced a plan to expand its supervision of U.S. banks, according to the San Francisco Business Times. The Fed will now annually review the capital of all banks with over $50 billion in assets. If the Fed believes that a bank is not adequately capitalized to handle...
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Predicted For Profits: Banks Rip Higher
Friday, June 10, 2011 - 3:05pm | 178The bank stocks ripped higher as CNBC reported that the Federal Reserve was saying the bank capital surcharge would be around 2% to 2.5% instead of 3%. This causes a massive bounce in the markets, a buy program of sorts. This is one of the first buy programs lead by the bank stocks in months....
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Federal Reserve Proposes Annual Stress tests
Friday, June 10, 2011 - 11:05am | 117According to CNBC's Steve Liesman, the Federal Reserve has just announced that it wants annual stress tests on the biggest banks in the country, as part of Dodd-Frank. Banks with over $50 billion in assets, such as Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), and J.P. Morgan (NYSE: JPM) are the...
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JP Morgan: A New Trading Idea for This Week
Friday, June 10, 2011 - 7:37am | 121JP Morgan (JPM) quickly took advantage of allowable dividend increases by bumping its quarterly mark up to $0.25 from $0.05. This actually isn't that far off from the pre-recession $0.38 quarterly payout. Add in the 5% payout ratio and the future outlook for this financial powerhouse appears to be...
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6 Stocks for Smart China Investors to Consider
Friday, June 10, 2011 - 7:35am | 121JP Morgan (JPM) quickly took advantage of allowable dividend increases by bumping its quarterly mark up to $0.25 from $0.05. This actually isn't that far off from the pre-recession $0.38 quarterly payout. Add in the 5% payout ratio and the future outlook for this financial powerhouse appears to be...
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Bank of America Comments on JPMorgan Chase Meetings
Friday, June 10, 2011 - 7:32am | 97Bank of America met with JPMorgan Chase & Co.'s (NYSE: JPM) Charlie Scharf, CEO of Retail Financial Services. “Regulatory issues dominated, with Scharf noting that JPM will reprice products to ensure sufficient returns given higher capital requirements (e.g. Basel/ SIFI), as well as lost fee...