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Zenith’s Fairfax Merger May Have Smooth Sailing In Receiving Regulatory Approval
Friday, April 23, 2010 - 1:04am | 173Analysts at Keefe Bruyette maintain their "market perform" rating on Zenith National Insurance Corp (NYSE: ZNT), while reducing the estimates for the company. The target price for ZNT is set to $38. ZNT’s Q1 underwriting results missed the estimates “as high unemployment, declining payrolls, and...
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Gold Man, Gold Bug, Golden Opportunity, Goldman Sachs (NYSE:GS)
Thursday, April 22, 2010 - 1:38pm | 1796The big news in the markets and media is Goldman Sachs (NYSE:GS), just charged with a fraud suit that alleges they didn’t disclose material information about a CDO they packaged and sold in 2008. The stock promptly sold off to the tune of 15% (down nearly $30, to $155) before rebounding to settle...
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Gold Man, Gold Bug, Golden Opportunity, Goldman Sachs (NYSE:GS)
Thursday, April 22, 2010 - 1:38pm | 1796The big news in the markets and media is Goldman Sachs (NYSE:GS), just charged with a fraud suit that alleges they didn’t disclose material information about a CDO they packaged and sold in 2008. The stock promptly sold off to the tune of 15% (down nearly $30, to $155) before rebounding to settle...
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Old Republic International (ORI) Rated Buy After 1st Profit In 9 Quarters
Thursday, April 22, 2010 - 1:13pm | 165Wunderlich Securities analyst Elizabeth C. Malone rated shares of Old Republic International Corp (NYSE: ORI) a Buy, with a price target of $15 per share. Malone pointed out that not only did Old Republic International 1st quater EPS of 10 cents beat the consensus estimate of a 12 cent loss per...
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Top Stocks of New Jersey
Wednesday, April 21, 2010 - 3:19pm | 885Centrally located on the East Coast New Jersey is in a region where 100 million people reside with a collective purchasing power of over $2 trillion. Two major airports, the largest seaport complex (Port of New York and New Jersey) in the eastern United States and 35,000 miles of roads may explain...
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Wunderlich Securities Maintains Buy Rating On Old Republic International Corporation (ORI)
Wednesday, April 21, 2010 - 2:53pm | 105Analyst Elizabeth C. Malone at Wunderlich Securities has released an update on Old Republic International Corporation (NYSE: ORI). The company will report its first-quarter results on Thursday. Wunderlich Securities expects the company to report a loss of $0.06 per share, compared with a year ago...
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Calls Purchased on Allstate
Tuesday, April 20, 2010 - 10:00am | 92Allstate Corp. (NYSE: ALL), the holding company of Allstate Insurance Company, is receiving some bullish call activity this morning. Right at the opening bell traders flocked for the October $37 call options, purchasing over 12,000 contracts for $1.10-1.20. Open interest on the strike is less than...
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Top 5 NASDAQ Stocks In The Financial Sector With The Lowest PEG (TWGP, KCAP, AFSI, HCBK, GFIG)
Tuesday, April 20, 2010 - 6:49am | 183Below are the top 5 financial stocks on the NASDAQ in terms of PEG. Tower Group Inc (NASDAQ: TWGP) has a PEG ratio of 0.35. TWGP’s shares have fallen by 5.42% over the past 52 weeks, as compared to a 43.87% increase in the S&P 500. Kohlberg Capital Corporation (NASDAQ: KCAP) has a PEG ratio of...
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Stock Market News for April 19, 2010 - Market News
Monday, April 19, 2010 - 5:47pm | 567Just when Wall Street was preparing for another strong weekly finish, civil fraud charges against one of the most powerful firms on Wall Street surfaced, rattling financial markets and sending stocks tumbling the most in two months. Goldman Sachs, the firm in question, was accused by the U.S....
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Wunderlich Securities Initiates Coverage Of Amtrust Financial Services, Inc. (AFSI) With Buy Rating
Friday, April 16, 2010 - 3:25pm | 82Analyst Elizabeth C. Malone at Wunderlich Securities has initiated coverage of Amtrust Financial Services, Inc. (NASDAQ: AFSI) with Buy rating. The price target for Amtrust Financial Services, Inc. stock has been set at $18. Wunderlich expects the company to generate an operating EPS growth of 6%...
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What Could Heavy Options Activity in United Airlines (UAUA) Mean for You?
Friday, April 16, 2010 - 2:59pm | 1695All 13 stocks in the NYSE airline index were trading higher this week, making it a good time for anyone with long investment positions in an airline. UAL Corporation (United Airlines – NYSE: UAUA) was the top performer early on. This does not seem to be because oil was moving lower, which sometimes...
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Crocs (CROX) is Back, Baby!
Thursday, April 15, 2010 - 3:22pm | 918The surreal world continues. Much like Ambac (ABK) a few days ago, we are seeing stocks lift from the (near) dead. The Greenspan Put Bernanke Forcefield protects all. [3 year chart] Congrats to those who bought in November 2008; a 1000%+ return already. What's next? A Krispey Kreme revival? [...
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Benzinga’s Top Upgrades (AAP, PGR, UPS, BGFV, AMSC)
Thursday, April 15, 2010 - 9:47am | 173Advance Auto Parts Inc (NYSE: AAP) was upgraded by Wedbush from “neutral” to “outperform.” AAP’s shares gained 7.15% to $45.28. AAP’s shares have gained just 12.11% over the past year. Credit Suisse upgraded Progressive Corp (NYSE: PGR) from “underperform” to “neutral.” PGR’s stock has risen by 15...
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Check Out Ambac (ABK) Preferreds - Voice of the People
Wednesday, April 14, 2010 - 5:15pm | 304Zacks' Voice of the People Highlights user LesGetRich: "Check Out Ambac (ABK) Preferreds" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Check Out Ambac (ABK) Preferreds The company showed a profit last quarter and looks like...
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Progressive Reports Higher Profit (PGR)
Wednesday, April 14, 2010 - 11:32am | 105This morning prior to the opening bell, auto insurance name Progressive Corp. (NYSE: PGR) reported their quarterly earnings numbers. The Ohio based company posted net income of $295.6 million or $0.44 per share compared to $232.5 million or $0.35 per share in the year ago quarter. Analysts polled...