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Chase Announces Exclusive Partnership with Kohl's Department Stores
Tuesday, April 12, 2011 - 8:11am | 94Chase Card Services, a division of JPMorgan Chase & Co. (NYSE: JPM), and Kohl's Department Stores (NYSE: KSS) today announced an exclusive marketing partnership in which Chase cardmembers with Ultimate Rewards will gain access to a wide range of increased rewards benefits for shopping at Kohl's...
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Mad Money Lightning Round: Cramer Likes OpenTable (WEC, DFS, OPEN, FAST, NTES, BIDU, SINA, TSLA, PPO, BAC)
Tuesday, April 12, 2011 - 12:14am | 297On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Wisconsin Energy (NYSE: WEC) is a “growth utility, but I want to ring the register. Let's not give that gain back." For Discover Financial Services (NYSE: DFS), he said, "They are blowing away the numbers and I'm not chasing it...
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Top Percentage Gainers and Losers as of 3:30 p.m. 4/11/2011(TSTY, FLO, GLBC, AMMD, ENDP, CT, EFII, IDIX, MILL, BAC, AFFX, CYH, QUIK, CIGX, THC, BDCO, SCEI, WPRT, IRE, TDSC, GFRE)
Monday, April 11, 2011 - 3:30pm | 553Best 1) Tasty Baking Company (NASDAQ: TSTY): Stock is skyrocketing a remarkable 146.58% to $3.96 in today's action after Flowers Foods (NYSE: FLO) revealed plans to buy the company for $4 per share in an all-cash arrangement. 2) Global Crossing (NASDAQ: GLBC): Surging 58.51% to $23.46 after...
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Top Percentage Gainers and Losers as of 2 p.m. 4/11/2011(TSTY, FLO, GLBC, LVLT, AMMD, ENDP, EFII, IDIX, BAC, SNSS, AFFX, MCP, CYH, QUIK, THC, TDSC, WPRT, SCEI, IRE)
Monday, April 11, 2011 - 2:12pm | 530Best 1) Tasty Baking Company (NASDAQ: TSTY): Stock has jumped a resounding 146.58% to $3.96 after Flowers Foods (NYSE: FLO) revealed plans to buy the company for $4 per share in an all-cash arrangement. 2) Global Crossing (NASDAQ: GLBC): Surging 57.09% to $23.25 after Level 3 Communications (...
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Pre-market News and Views
Monday, April 11, 2011 - 9:22am | 287This morning the S&P 500 e-mini futures(ES M1) are trading higher by 2.00 points to 1325.75 per contract. The catalyst for the move higher in the futures is likely due to the decline is oil prices this morning. WTI oil is declining by $1.23 to $111.56 a barrel. Rumors are circulating that...
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Earnings Preview For J.P. Morgan (JPM)
Monday, April 11, 2011 - 9:16am | 226J.P. Morgan (NYSE: JPM) reports 2011 first-quarter earnings before the opening bell on Wednesday April 13. Analysts expect a profit of $1.16 per share on revenues of $25.48 billion. The profit figure would represent strong growth of 56.80% over the same period last year. Earnings estimates have...
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A Look Ahead: Next Week's ETFs To Watch
Friday, April 8, 2011 - 4:31pm | 420Typically, one might be inclined to say "Thank goodness it's Friday," but the mood was anything but chipper on Wall Street to finish the week and substantial headline risk looms over the weekend. Over the past few weeks, weekend concerns have revolved around what might happen in the Middle East....
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Banks Active Ahead of Earnings 04-08-2011
Friday, April 8, 2011 - 3:00pm | 906Cusick's Corner There really is not much that I can bring to light today other than this market is clearly at a resistance point where most market traders and watchers are taking the road most traveled -- up. But the volume continues to be pathetic so there is no conviction. With the looming...
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Sterne Agee Initiates Coverage On Bank Of America At Neutral
Friday, April 8, 2011 - 9:47am | 177Sterne Agee is initiating coverage of Bank of America Corp. (NYSE: BAC) with a NEUTRAL Rating and $15 PT. Its P/E/tangible book value derived price target implies about 1.1x Sterne's estimated 2011 tangible book value, 8-9x 2012 estimate, and about 7-8x normalized earnings estimate of approximately...
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Sterne Agee Initiates C At Buy, $6 PT
Friday, April 8, 2011 - 9:43am | 26Sterne Agee is initiating coverage of Citigroup (NYSE: C) at Buy with a $6 PT. Citigroup currently trades at $4.64.
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Sterne Agee Initiates JPM At Buy, $55 PT
Friday, April 8, 2011 - 9:37am | 32Sterne Agee is initiating J.P. Morgan Chase & Co. (NYSE: JPM) at Buy with a $55 PT. J.P. Morgan Chase & Co. currently trades at $47.40.
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Sterne Agee Initiates Bank of America At Neutral, $15 PT
Friday, April 8, 2011 - 8:12am | 26Sterne Agee has initiated coverage on Bank of America (NYSE: BAC) with a Neutral rating and $15 price target.
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JPMorgan Downgrades Clorox To Neutral (JPM, CLX)
Friday, April 8, 2011 - 8:05am | 28JPMorgan Chase (NYSE: JPM) Downgrades The Clorox Company (NYSE: CLX) to Neutral.
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J.P. Morgan Previews Large Cap Banks
Friday, April 8, 2011 - 7:27am | 229In its preview of large cap banks, J.P. Morgan said that it expects 1Q results to be “led by gradual improvement across a few metrics and thereby better than feared overall but with credit quality improvement still the key driver.” “The other driver of qoq earnings growth is likely to be lower...
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Market Holds Its Ground 04-07-2011
Thursday, April 7, 2011 - 6:54pm | 963Cusick Corner The market braced itself for the news in Japan and has held its ground. But the market is whippy and the fact that it's overbought is looking like it has started to wane, leaving me with uncertainty into the After Hours. I have written over the last few weeks about some strategic...