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Steroids Wearing Off! Key Sectors Slumping! Urgent Action Required!
Friday, June 10, 2011 - 7:30am | 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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What's Hot On TheStreet
Thursday, June 9, 2011 - 2:13pm | 266Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Create 5 Million Jobs: Halve the Trade Gap The Commerce Department reported the April deficit on international trade in goods and services increased to $43.7 billion up from $27.1 billion when the economic...
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Yellen Says Lenders ‘Should Do More' on Foreclosures
Thursday, June 9, 2011 - 1:04pm | 120The Federal Reserve's Janet Yellen said that lenders should do more when it comes to foreclosures, as mortgage lending "surged" in lower and moderate income neighborhoods. Yellen, who is speaking in Cleveland today, said that defaults are likely to be higher in these areas, as homeowners borrowed...
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Predicted: Stock Market Rallies
Thursday, June 9, 2011 - 12:02pm | 282If you were following my Rant and Rave blog articles at InTheMoneyStocks.com, this rally was accurately called. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $129.45, +1.03 (+0.80%). The reasons to expect a rally today were simple. First, options expiration is next week. This may not seem...
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A Peek Into The Market Before The Trading Starts
Thursday, June 9, 2011 - 7:32am | 392Pre-open movers US stock futures are higher this morning, as investors are awaiting trade and jobless claims data. Futures on the Dow Jones Industrial Average gained 27 points to 12,057.00 and futures on the S&P 500 stock index rose 3.60 points to 1,280.60. Nasdaq 100 futures surged 4.75 points...
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Citigroup Admits that Customers' Data was Hacked
Thursday, June 9, 2011 - 6:05am | 195Citigroup (NYSE: C) is acknowledging that its customers were subject to a security breach that may have compromised their accounts, an unwelcome blow to the recovering bank. “During routine monitoring, we recently discovered unauthorized access to Citi's Account Online,” the bank said in an e-...
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Bearish Sentiment Signals Near Term Bottom On Financials
Wednesday, June 8, 2011 - 11:48am | 270Banks have been punished all year long. After making highs in early 2011, stocks like Goldman Sachs Group, Inc. (NYSE: GS), Bank of America Corporation (NYSE: BAC) and Citigroup Inc. (NYSE: C) have all come crashing down. Goldman Sachs hit a high of $175.34 in January before selling off to its...
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US Stock Futures Signal Lower Start On Wall Street
Wednesday, June 8, 2011 - 6:17am | 494US stock futures are lower this morning after Federal Reserve Chairman Ben Bernanke's speech. Investors are awaiting the Fed's recent summary of regional conditions. Futures on the Dow Jones Industrial Average dropped 32 points to 12,040.00 and futures on the S&P 500 stock index fell 3.90...
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To QE-3 Or Not To QE-3, That Is The Question
Tuesday, June 7, 2011 - 3:50pm | 361Almost every investor is standing by waiting for the Federal Reserve Chairman, Ben Bernanke, to make some type of comment regarding another round of quantitative easing. In other words, will there be QE-3 if the markets keep falling. It is important to note that the key bank lending rate, which is...
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Look At Those Banks!
Tuesday, June 7, 2011 - 3:25pm | 167I am almost starting to feel sorry for the management teams at the Too Big To Fail banks. Watching your stock fall day after day after day, no matter what the market does, has got to be difficult. The market is up around 50 points during the session, but TBTF, is falling - like usual. Citigroup (...
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Goldman Sachs Leads The Financial Stocks Lower
Tuesday, June 7, 2011 - 10:51am | 194Goldman Sachs Group Inc.(NYSE: GS) has been one of the weakest stocks in the stock market as of late. The stock topped out in mid-January 2011 at $175.43 a share and has been steadily declining. The stock is trading below its daily chart 20, 50, and 200 moving averages which put the stock in a...
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Mad Money Lightning Round: Cramer Likes PPL Corp
Tuesday, June 7, 2011 - 1:38am | 295On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Johnson Controls (NYSE: JCI) is “all good, but I sold it for my charitable trust. It's in too many businesses that are levered to autos, so I'm going to say sell, sell, sell until $33 or $34." Cramer believes that PPL Corp (NYSE...
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Benzinga's Top ETF Gainers, June 6th (ERY, CZI, FAZ, EDZ)
Monday, June 6, 2011 - 6:58pm | 219Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) spiked 6.12% on Monday as Halliburton Company (NYSE: HAL) dropped 4.46% and Baker Hughes Incorporated (NYSE: BHI) lost 3.15%. Direxion Daily China Bear 3x Shares ETF (NYSE: CZI) added 5.85%, and it closed at $15.74. Baidu.com, Inc. (ADR) (...
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Today's Shorts Snapshot 06-06-2011
Monday, June 6, 2011 - 6:32pm | 993Cusick's Corner The market has broken down and while we are at potential congestion levels/support levels, the shorts are not covering at this stage. Right now the market is seeing volatility start to move and this is a point where you could see stocks get into a range, especially now that we are...
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Too Big To Fail Leads The Markets Lower
Monday, June 6, 2011 - 3:49pm | 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...