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Big Financial Stocks Nearing Intraday Lows
Friday, August 12, 2011 - 11:49am | 161Major U.S. Indexes have come well off of their highs of the day, and the move seems to be being led by the area of the market which fueled yesterday's monstrous rally – financials. Despite overall market strength, the financials have been a drag in today's session, with many major names posting...
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Every Trade Is Bank Trade
Friday, August 12, 2011 - 10:29am | 390It can easily be seen by most traders that when the bank stocks trade higher the major stock indexes trade higher. Obviously, the opposite is true when the large bank stocks decline the major stock indexes will usually follow. If we go back in time, we will realize that every bailout whether it was...
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Interview: Austrian Economics With Dr. Paul Cwik
Friday, August 12, 2011 - 8:00am | 1913Instead of any Millennial Q and A this Friday, I recently had an exchange with Dr. Paul Cwik, an Austrian economist at Mount Olive College. He blogs at Tillman School of Business and provides some fascinating insights to our economy, for instance Economic Distress Index and Yield Curve...
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Van Eck To Convert Six HOLDRs To ETFs
Friday, August 12, 2011 - 2:20am | 406Van Eck Global, the sixth-largest U.S. ETF issuer and ninth-largest in the world, has entered into an agreement with Bank of America's (NYSE: BAC) Merrill Lynch, the sponsor behind the HOLDRs exchange traded products, to offer shareholders of six HOLDRs funds shares in equivalent, newly created...
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Benzinga's Top ETF Decliners, August 11th (FAZ, EDZ, DRV, SOXS)
Thursday, August 11, 2011 - 5:39pm | 206Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) lost 16.93%, and closed at $59.89. In the financial space, Bank of America Corp (NYSE: BAC) gained 7.09%. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) dropped 16.16% as Vale (ADR) (NYSE: VALE) jumped 5.07%, and Petroleo...
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Benzinga's Top ETF Gainers, August 11th (DRN, EDC, FAS, SOXL)
Thursday, August 11, 2011 - 5:29pm | 230Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 16.00% on Thursday as Simon Property Group, Inc (NYSE: SPG) traded 6.15% higher, and Vornado Realty Trust (NYSE: VNO) jumped 5.84%. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) added 15.76%, and closed at $22.92. Vale (...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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What Does Bank of America Have in Common With Betty White?
Thursday, August 11, 2011 - 12:10pm | 857I suppose the short answer would be that one is nearly 100 years old, is worth some money (but not too much), is past her prime, is seemingly on television every day and is lucky to be alive...and the other is Betty White. Aah, yes. Betty White. I came across her name while researching for a...
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Thursday's Mid-Day Options Volume Leaders
Thursday, August 11, 2011 - 12:03pm | 84Here are today's mid-day options volume leaders… 1. Cisco Systems (NASDAQ: CSCO) 371,234 contracts, 62.0% calls, 38.0% puts 2. Bank of America (NYSE: BAC) 221,877 contracts, 34.6% calls, 65.4% puts 3. Apple Inc. (NASDAQ: AAPL) 134,475 contracts, 62.7% calls, 37.3% puts 4. Citigroup Inc. (NYSE: C)...
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Large Financial Giants Trade Higher, Will They Hold?
Thursday, August 11, 2011 - 9:41am | 209All eyes are on the large financial stocks these days. After all, these financial giants have lead the markets lower since the spring of 2011. Obviously, the large financial stocks lead the stock markets. Today, the large financial stocks are trading higher on the session and this is helping the...
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News Summary for August 11, 2011
Thursday, August 11, 2011 - 6:53am | 648This is your Benzinga news summary and traders' outlook for Thursday, August 11, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after a 500 point drop in the Dow yesterday. At last check, Dow...
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Benzinga's Top ETF Decliners, August 10th (RUSL, FAS, URTY, EDC)
Wednesday, August 10, 2011 - 5:38pm | 195Direxion Daily Russia Bull 3x Shares (NYSE: RUSL) lost 23.28%, and closed at $18.79 on Wednesday. RUSL closed at $18.79, and it had a volume of 49K traded shares. Direxion Daily Financial Bull 3X Shares (ETF) (NYSE: FAS) dropped 17.46% in the regular trading session, and it closed at $12.48. In...