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Oppenheimer Comments on the Banks
Tuesday, May 24, 2011 - 7:45am | 123Oppenheimer released a report yesterday in which they characterized banking stocks as being "cheap". Oppenheimer has a price target of $59 on Citigroup (NYSE: C), $205 on Goldman Sachs (NYSE: GS), $62 on J.P. Morgan (NYSE: JPM), $31.50 on Morgan Stanley (NYSE: MS), $30 on US Bancorp (NYSE: USB),...
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How Many Chops Does It Take to Bring the Market Down? 05-23-2011
Monday, May 23, 2011 - 3:02pm | 882Cusick's Corner The elements that we discussed all last week came together on the open - the EU has a continuing debt crisis and China's slowdown is creating momentum to the downside. Two sectors that appear to be under the most pressure right now are Crude and Euro Currency which is putting even...
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Eolas Technologies Announces JPMorgan Settlement in Patent Lawsuit
Friday, May 20, 2011 - 12:04pm | 119Internet technology provider Eolas Technologies Inc. has reached an agreement with JPMorgan Chase & Co. (NYSE: JPM) to settle a Texas patent infringement lawsuit related to two Eolas patents that enable Internet browsers to host embedded interactive applications. The settlement resolves Eolas...
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What do Family Radio and Bank of America Have in Common?
Friday, May 20, 2011 - 9:20am | 392The Canadian government reported an increase for April's consumer price index which was below most analysts' expectations, according to Bloomberg. Following the news, the Canadian dollar depreciated against the U.S. dollar. This is in contrast to a prediction made by a Bank of America (NYSE: BAC)...
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UPDATE: Stifel Nicolaus Initiates JPMorgan Chase at Hold
Friday, May 20, 2011 - 8:24am | 81Stifel Nicolaus is out with its report today on JPMorgan Chase (NYSE: JPM), initiating shares of JPM at Hold. In a note to clients, Stifel Nicolaus writes, "We are initiating coverage of JPMorgan Chase with a Hold rating on the shares. Our EPS estimates of $4.65 and $5.35 for 2011 and 2012,...
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Bull & Bear: Citigroup Inc. (C)
Thursday, May 19, 2011 - 2:21pm | 230Shares of Citigroup Inc. (NYSE: C) are higher on the session by 0.53%, currently trading at $41.46. With the recent decline in shares, you have to wonder where they are heading next… Bulls: Bulls will note that Citigroup has begun to base sideways right in the key $41-42 support level. This level...
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Blackrock To Repurchase 13.6M Series B Preferred Shares
Thursday, May 19, 2011 - 8:33am | 98BlackRock (NYSE: BLK) today announced that it has agreed to repurchase Bank of America Corporation's (NYSE: BAC) remaining ownership interest in BlackRock totaling 13,562,878 of its Series B Convertible Preferred Shares for approximately $2.545 billion, or $187.65 per share. The shares will be...
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Deutsche Bank Has Buy Rating On Citigroup
Thursday, May 19, 2011 - 7:41am | 132Deutsche Bank has a Buy rating and a $55 price target on shares of Citigroup (NYSE: C). In a note to investors, Deutsche Bank writes, "shares are down 9.8% (lagging the BKX by 1050bps) since 4/20--or about a couple weeks before its 10 for 1 reserve split. Pressure likely reflects some technical...
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Five Stocks Andreas Halvorsen Is Crazy About Right Now
Wednesday, May 18, 2011 - 3:17pm | 489Viking Global's Andreas Halvorsen recently disclosed his long stock positions at the end of March. The filing reveals that Halvorsen initiated 5 big stock positions, spending a total of $2 Billion. Ole Andreas Halvorsen is one of the most successful Tiger cubs. Norwegian Halvorsen launched Viking...
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Answers: Where To Buy These Stocks
Wednesday, May 18, 2011 - 1:06pm | 395Out of favor stocks still need some love and if played correctly, these plays can return huge amounts of money in a short amount of time. The key is to catch an out of favor stock at the dead low support area, prior to a gigantic bounce. These type of returns can be over 10% in days and over the...
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Benzinga's Political Roundup (XOM, COP, C)
Wednesday, May 18, 2011 - 12:04pm | 199European officials are trying to keep their hold on the head of the International Monetary Fund, as there is mounting pressure for Dominique Strauss-Kahn, to step down. The Federal Reserve wants to do annual stress tests on the banks, and reserve the right to veto dividend pay outs should they not...
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Mad Money Lightning Round: Cramer Likes Solar Capital (SLRC, CME, SLM, C, DELL, AAPL)
Wednesday, May 18, 2011 - 1:11am | 222On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Solar Capital (NASDAQ: SLRC) is a “bank of many resorts. It's got a good yield and it seems to be working for them. I'll endorse it." For Chicago Mercantile Exchange (NASDAQ: CME), Jim said, "I think that the world of exchanges...
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Fast Money Picks For May 18th (EEM, SJM, KMP, JPM, WFC)
Tuesday, May 17, 2011 - 7:41pm | 232On CNBC's Fast Money, Tim Seymour said that investors should start to buy iShares MSCI Emerging Markets Index (ETF) (NYSE: EEM). iShares MSCI Emerging Markets Index (ETF) (EEM) gained 0.32% today, and it closed at $47.00. Guy Adami likes The J.M. Smucker Company (NYSE: SJM), and wants to buy it...
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Federal Reserve To Subject Banks To Annual Stress Tests (JPM, C, BAC)
Tuesday, May 17, 2011 - 5:20pm | 61The Financial Times is reporting that the Federal Reserve is going to subject U.S. banks to annual stress tests. Banks included are Citigroup (NYSE: C), J.P. Morgan (NYSE: JPM) and Bank of America (NYSE: BAC).
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Big Blue Saves The Dow Jones Industrial Average
Tuesday, May 17, 2011 - 3:41pm | 310This afternoon the Dow Jones Industrial Average(DJIA) is the weakest stock index in the market. It is important to note, that while this index is the most highly followed index by the public the index consists of just 30 large cap blue chip stocks. The index is also a price cap weighted index and...