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Mad Money Lightning Round: Cramer Advises Investors To Sell Companhia Siderurgica Nacional (V, C, SID)
Wednesday, May 11, 2011 - 2:17am | 141On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Visa (NYSE: V) had a “lot of government interference but now that's behind us. I would stick with them." For Citigroup (NYSE: C), he said, "The reverse split creates no value. Banks are still in the cross hairs of the government...
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Citigroup Higher Today (C)
Tuesday, May 10, 2011 - 10:28am | 44After falling close to 3% yesterday falling the reverse 1 for 10 split, shares of Citigroup (NYSE: C) are modestly higher today, gaining 24 cents to $44.40, a gain of just over 0.5%. So far, just over 10 million shares have traded today.
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Analysts Stock Upgrade And Downgrade For Mayl 10, 2011- SVNT, SVA, TLAB, INFI, LUV, GSIC, ARG, MTSC, ANF, TE, ASEI, SMT, DRWI, OXY, SPRD, CCIH
Tuesday, May 10, 2011 - 8:22am | 1160Lazard Capital downgraded shares of Savient Pharmaceuticals Inc. (SVNT) from a “buy” rating to a “neutral” rating, JPMorgan Chase & Co. (JPM) downgraded shares of Savient Pharmaceuticals Inc. from an “overweight” rating to a “neutral” rating as well. Zacks Investment Research upgraded shares...
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Other News
Monday, May 9, 2011 - 6:11pm | 1712. Bid Rigging in Muni Land Bloomberg reports that the big Swiss Bank, UBS, paid $160mm for (surprise-surprise) bid rigging in the muni market. I'm shocked. The SEC has got the bit in its mouth on this one. From the head of the antitrust division, Christine Varney: “The investigation is active...
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Citigroup Down Nearly 3% After Split (C)
Monday, May 9, 2011 - 3:37pm | 67The news for Citigroup (NYSE: C) shareholders continues to get worse, as shares are down nearly 3% today, after the company engineered a reverse 1-10 split. At last check, shares were off $1.19 to $44.01, a loss of 2.6% on 40 million shares. Citigroup engineered the 1 for 10 split in order to...
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The Sad Story Of Bank of America (BAC)
Monday, May 9, 2011 - 11:40am | 272The entire financial complex has been an abysmal performer over the last 52-weeks, and Bank of America (NYSE: BAC) has been a particular standout to the downside in this sector. The utter inability of the financial stocks to lift in this bull market is bound to give many investors pause. This is...
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Citigroup Down 1% After 1-10 Split (C)
Monday, May 9, 2011 - 10:02am | 50Shares of Citigroup (NYSE: C) are down around 1% this morning, after the stock did a 1-10 reverse split. Citigroup is also initiating a quarterly dividend of 1 cent per share. At last check, shares of Citigroup were trading at $44.44 on around 6 million shares.
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Morning Market Movers (C, SCEI, SGOC, ROSE)
Monday, May 9, 2011 - 9:57am | 123Citigroup Inc (NYSE: C) jumped 892.26% to $44.85 at 9:50 am. Citigroup announced the effectiveness of its reverse stock split, under which 10 shares of stock were exchanged for one new share. Sino Clean Energy Inc (NASDAQ: SCEI) shares advanced 30.00% to $2.73. SCEI's Board of Directors authorized...
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Citigroup 1 For 10 Reverse Split Completed (C)
Monday, May 9, 2011 - 9:37am | 34Penson has completed the processing of the Citigroup (NYSE: C) 1 for 10 reverse split. Please note, Citigroup will continue to be traded under its regular symbol, “C”.
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Updates- GrouponLive, Softbank, Volkswagen, Wal-Mart, Toshiba, AAPL, GOOG, LYV, WMT, DYN, MCD, UAL
Monday, May 9, 2011 - 8:54am | 1894According to the BrandZ Top 100 ranking, Apple Inc., (NASDAQ:AAPL), designs, manufactures and markets a range of personal computers has overtaken Google Inc. (NASDAQ:GOOG) as the world's most valuable brand. Apple with a stock market capitalization of $319.4 billion, compared with Google's $172....
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Updates- LinkedIn IPO, Oil, Yuan, HTZ, DTG, AES, TSN, BID, ATVI, SRE, PETS, RST, SYY, CLR…
Monday, May 9, 2011 - 7:26am | 1907It looks like, Oil prices could drop as low as $90 a barrel later this month as the global economy slows and unrest in the Middle East eventually fades. Crude oil for June delivery rose $2.91 to $100.09 a barrel. Gold for June delivery rose $14.80 to $1,506.50 an ounce, and silver for July...
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Top bank market stocks to buy now- BAC, RBS, LYG, BCS, USB, AIB, C, IBN, WBK, BBD, STT, BMA…
Sunday, May 8, 2011 - 6:46am | 2052Bank of America Corporation (NYSE:BAC) is trading at a price of $12.31, a dramatic change of 0.01 with % change of 0.08 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 124.59B. Bank of America...
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ETFs Lenny Dykstra Would Love
Saturday, May 7, 2011 - 10:22pm | 401Former New York Mets and Philadelphia Phillies star Lenny Dykstra probably isn't having a good weekend. The former All-Star known as “Nails” was indicted on Friday on charges of bankruptcy fraud and selling stuff from his $18 million California mansion that had been foreclosed on. Dykstra, 48,...
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A Look Ahead: Next Week's ETFs To Watch
Friday, May 6, 2011 - 4:35pm | 428Friday's market performance, while decent, barely dented the losses seen in the previous four days of the week. Perhaps even worse is the fact that while stocks opened on fire today, the final gains for the day were nothing compared to what we saw at the open. Bottom line: It was not a fun week to...
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Benzinga's Political Roundup (JPM, SPY)
Friday, May 6, 2011 - 11:53am | 89JPMorgan Chase & Co. (NYSE: JPM) has received a subpoena from the SEC over failed mortgages, along with Credit Suisse (NYSE: CS). The April jobs report came out this morning, showing much better than expected job growth in the U.S. in April. February and March were also revised up.