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Straddle Sold on Citigroup (C)
Monday, March 28, 2011 - 2:19pm | 134Shares of Citigroup Inc. (NYSE: C) are trading lower on the session by 0.91%, at $4.42. The stock has been running lower over the past three months, but appears to be forming a base around the 200-day moving average. One large trader is betting that shares sit and consolidate here for the next few...
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Harris Corporation Receives $11.7 Million Order to Provide Falcon III Multiband Tactical Radios to U.S. Department of Defense for Mine Resistant Ambush Protected Vehicles
Monday, March 28, 2011 - 9:32am | 128Harris Corporation (NYSE: HRS) has received an $11.7 million order to supply Falcon III® multiband handheld radio systems in vehicular configurations to the U.S. Department of Defense for use in Mine Resistant Ambush Protected (MRAP) vehicles. The radios will be installed in U.S. Army MRAP vehicles...
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Google, Citigroup, Mastercard Setting Up Android Payment System (GOOG)
Monday, March 28, 2011 - 9:19am | 107Google (NASDAQ: GOOG), Citigroup (NYSE: C) and MasterCard (NYSE: MA) are working together to set up a mobile payment system for Android phones, Reuters reports. The new technology will allow consumers to wave their Android phones in front of a small reader at the checkout counter to make payments...
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KBW Has $58 Price Target On J.P. Morgan (JPM)
Monday, March 28, 2011 - 7:47am | 74J.P. Morgan Chase & Co. has a Buy rating and a $58 price target on shares of J.P. Morgan (NYSE: JPM). In a note to investors, J.P. Morgan writes, "Our target price could be negatively impacted by credit quality challenges, poor capital markets performance, and macro-related events that...
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Morgan Stanley Updates On MA-GOOG-C-PAY Venture
Monday, March 28, 2011 - 7:38am | 119Morgan Stanley has issued a report on the venture forming between MasterCard Inc. (NYSE: MA), Google (NASDAQ: GOOG), Citigroup (NYSE: C) and Veriphone Systems (NYSE: PAY). According to Morgan Stanley, "While we continue to believe that cracking the mobile puzzle will be difficult and take some...
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Bears Checking Out ING Groep N.V. (ING)
Friday, March 25, 2011 - 1:30pm | 141Shares of ING Groep N.V. (NYSE: ING) are lower on the session by 1.65%, currently trading at $13.08. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short...
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Latin American McDonalds Files IPO (MCD, BAC, JPM, MS, C)
Friday, March 25, 2011 - 11:58am | 275The Latin American McDonalds (NYSE: MCD) operator, Arcos Dorados Holdings, has filed for an initial public offering (IPO) in the U.S. of up to $1.08 billion. Arcos Dorados plans to sell 62.5 million shares of McDonalds for $13-$15 a share. An additional 9.4 million shares may be sold as well....
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Benzinga's Top Downgrades (HOLX, DGW, TAM, BAC)
Thursday, March 24, 2011 - 8:14am | 139Hologic Inc (NASDAQ: HOLX) was downgraded by Gleacher from "neutral" to "sell." HOLX's shares closed at $21.78 yesterday. Hologic's PEG ratio is 2.03. Rodman & Renshaw downgraded Duoyuan Global Water Inc (NYSE: DGW) from “outperform” to “market perform.” DGW's stock closed at $7.22 yesterday....
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A Peek Into The Market Before The Trading Starts
Thursday, March 24, 2011 - 7:32am | 360Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Crude oil prices surged above $106 a barrel. Futures on the Dow Jones Industrial Average rose 48 points to 12,069.00 and S&P 500 futures gained 6.10 points to 1,298.20. Nasdaq 100 futures jumped...
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Goldman Sachs Maintains Buy on Bank of America Corporation (BAC)
Thursday, March 24, 2011 - 7:28am | 127Goldman Sachs is out with its report today on Bank of America Corporation (NYSE: BAC), maintaining Buy. In a note to clients, Goldman Sachs writes, "We maintain our Buy rating, as the inability to return capital is a disappointing sign, but we didn't view capital returns as a big driver for...
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FBR Capital Downs Bank of America To Market Perform
Thursday, March 24, 2011 - 6:23am | 53Analysts at FBR Capital downgrade Bank of America Corporation (NYSE: BAC) from “outperform” to “market perform.” The target price for BAC has been lowered from $18 to $15. BAC shares fell 1.66% to close at $13.65 yesterday. More Analyst Ratings here
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Bank of America Announces Housing Partnership With City of Detroit
Wednesday, March 23, 2011 - 3:38pm | 147Detroit Mayor Dave Bing and Bank of America (NYSE: BAC) Chief Executive Officer Brian Moynihan today announced that the bank will open two customer assistance centers in the Detroit area to serve mortgage and other credit customers who are facing financial difficulty. This follows a three-day...
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Calls Purchased on ING Groep N.V. (ING)
Wednesday, March 23, 2011 - 1:07pm | 140Shares of ING Groep N.V. (NYSE: ING) are higher on the session by 0.23%, currently trading at $12.90. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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Stocks To Consider Under $10 (TIVO, SIRI, C)
Tuesday, March 22, 2011 - 2:08pm | 351Buying stocks under $10 can pay off big time. Many stocks that were trading under this level in March 2009 have doubled and tripled already. Three stocks that are currently trading under $10 and have considerable price appreciation potential are TiVo (NASDAQ: TIVO), Citigroup (NYSE: C) and Sirius (...
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Trading The Glencore IPO (BAC, BCS, UBS, CS, C, MS)
Tuesday, March 22, 2011 - 1:35pm | 305According to Bloomberg, Glencore International AG, the largest commodities trader, is almost ready to announce the eight investment banks that will be underwriting its Hong Kong IPO, worth some $10 billion. According to sources close to the situation, Bank of America Corp. (NYSE: BAC), Barclays...