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The major stock market indexes have certainly been volatile during the month of August. The recent stock market swings in both directions have been outright violent at times. Many traders and investors have had to even step back and allow the markets to calm down at times before trying initiate a...

AM Action:  Goldman Sachs(GS), JP Morgan (JPM), Citigroup (C), Morgan Stanley (MS) targets lowered at BofA/Merrill United States Steel Corporation (X) Downgraded - JAGNote by Morgan Stanley Steel Dynamic, Inc. (STLD) Downgraded - JAGNote by Morgan Stanley Nucor Corporation (NUE) Nucor upgraded to...

Bank of America has lowered the price objective on the following banks: JP Morgan (NYSE: JPM) from $55 to $51 Citigroup (NYSE: C) from $53 to $50 Goldman Sachs (NYSE: GS) from $153 to $148 Morgan Stanley (NYSE: MS) from $26 to $25

Starbucks Corporation (NASDAQ: SBUX) fell 4.55% to $35.06 in the pre-market trading. SBUX shares have surged 60.96% over the past 52 weeks, while the S&P 500 index has gained 10.50% in the same period. Oracle Corporation (NASDAQ: ORCL) dipped 1.64% to $25.77 in the pre-market session. Oracle...

Crude oil prices rose on reports out of Germany and China on better than expected data. St. Louis Fed President James Bullard said the Federal Reserve "would definitely take action," if U.S. deflation became a risk again. Japan PM Naoto Kan is likely to announce his resignation on Friday. A...

Once again, the stock market held a major pivot point bottom and has since moved higher. This pivot point on the SPDR S&P 500 ETF (NYSE: SPY) was at $112.50. Each of the last three trading days, the markets have hit this level. Each time it has held. Today is the master pivot day. If it holds...

Bank of America (NYSE: BAC) shares are now down better than 7% and are starting to free-fall, just like in 2008. The stock is dangerously close to making a new 52-week low, and CDS on the bank's debt has blown out to near 2008 levels. Volume has been massive again today with more than 300 million...

Traders should remember the old market adage, it is not how they open them, it is how they close them. This morning, the major stock indexes started the morning sharply higher, however, that rally began to fade once the opening bell rang at the New York Stock Exchange. Traders are really showing...

Bank of America (NYSE: BAC) shares are getting crushed yet again on Monday, after China Construction Bank Corp. said that BAC will retain at least half of its stake in the company. Some investors had been hoping that BAC would divest its entire 10% stake in China Construction in order to raise...

So much for WikiLeaks killing Bank of America (NYSE: BAC). According to an article from Reuters, some of the files that WikiLeaks had obtained on Bank of America files have been destroyed, according to a source close to Julian Assange, the founder of WikiLeaks. Daniel Domscheit-Berg, who last...

The Obama administration is putting pressure on New York Attorney General Eric Schneiderman to drop his opposition to a settlement with banks over foreclosure practices. Brent crude oil prices fell after reports came that Libyan leader Muammar Gaddafi's regime may be close to falling. The Federal...

While still up for the day, the intraday action has been poor.  From a high of S&P 1145, the index is now down to the 1125s, delivering a loss of 20 S&P points from the peak.  That translates to a loss of 1.7%.  It remains bear market action and while there are the occasional neck snapping...

Shares of Bank of America (NYSE: BAC) are under significant pressure again on Monday, despite a very strong broa market tape. With the Dow trading up around 130 points at last check, BAC shares have lost more than 3% and are trading at a new intra-day low of $6.76. Bank of America (BAC) has been...

When there is a banking crisis traders and investors should follow the bank stocks. The leading bank stock in the United States is J.P. Morgan Chase & Co.(NYSE: JPM). Sure, other financial stocks such as Goldman Sachs Group Inc.(NYSE: GS), Morgan Stanley(NYSE: MS) and Bank of America Corp.(NYSE...

This is your Benzinga news summary and traders' outlook for Monday, August 22, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. Also, the price of gold hit a new record high, as investors around...