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Company News for March 30, 2010 - Corporate Summary
Tuesday, March 30, 2010 - 9:16am | 295• A WSJ report that Apple (NASDAQ:AAPL) is developing an iPhone with CDMA capability for Verizon (NYSE:VZ) as well as a new iPhone to be offered this summer sent shares in the firm up 4% in pre-market trade. Verizon shares are trading 1.3% higher, with AT&T (NYSE:T) up 1.0%. Research in Motion...
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Wells Fargo Securities Lowers Chubb Corporation (CB) EPS Estimates
Tuesday, March 30, 2010 - 8:56am | 147Wells Fargo Securities analysts John Hall, Susan Ross and Elyse Greenspan rated shares of Chubb Corporation (NYSE: CB) with a Market Perform rating and a valuation range of $53-$56. Chubb Corporation reported catastrophe losses of $290 million pretax or $189 million after-tax ($0.56 per share) for...
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Personal Spending Strengthens the Market and Heavy Options Activity in Citigroup (C) and MEMC Electronic Materials (WFR)
Monday, March 29, 2010 - 4:18pm | 1677The markets are looking fairly strong this morning after data showed consumer spending of personal income was basically flat compared to the prior month. This, in addition to a slower savings rate among Americans and a flattish reading on inflation, seems to be having a soothing effect on the...
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The Government’s Mortgage Modification Program May Hurt The Bottom Line Of The Banks In The Financial ETF
Monday, March 29, 2010 - 2:21pm | 2492“Citigroup (NYSE: C) announced on Thursday that it would join the government’s program to modify second mortgages, following Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), JP Morgan Chase & Co (NYSE: JPM) and others, as the housing market appears to be at the beginning of a second...
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Option Strategies in Research in Motion (RIMM)
Monday, March 29, 2010 - 12:10pm | 1677Friday morning, JP Morgan upgraded Research in Motion Limited (NASDAQ: RIMM) to “overweight” (basically a buy) from “neutral” (basically a hold). Analysts expressed bullishness toward the smartphone sector, saying 2010 “will be the first year for true mass-market adoption of mobile computers.” This...
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Stocks Going Ex Dividend the First Week of April 2010
Monday, March 29, 2010 - 2:21am | 667Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Market Roundup (ABK, DCI, IRDM, AAPL, GOOG)
Friday, March 26, 2010 - 3:30pm | 205According to The International Swaps and Derivatives Association, the move by Wisconsin to takeover contracts from Ambac (NYSE: ABK) is a bankruptcy event. This announcement can trigger swap payments of around $3 billion. The shares of filtration systems firm Donaldson Company (NYSE: DCI) rose 1.2...
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Benzinga’s Top Upgrades (PGR, CAKE, PFCB, FRED, ANN)
Friday, March 26, 2010 - 9:53am | 255Progressive Corporation (NYSE: PGR) was upgraded by JP Morgan from “underweight” to “neutral.” PGR’s shares closed at $18.59 yesterday. PGR’s shares have gained 4.32% year-to-date. Read more about this company here. Janney Montgomery Scott upgraded The Cheesecake Factory Incorporated (NASDAQ: CAKE...
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Cramer Shares His Thoughts On XL, AON, CNX, USU, MDR
Thursday, March 25, 2010 - 10:28pm | 157Jim Cramer said on CNBC's Mad Money: Lightning Round OT that XL Capital Ltd. (NYSE: XL) is a very good insurance company, but he prefers Aon Corporation (NYSE: AON), because insurance brokers are coming on strong. XL Capital (XL) dropped 0.32% today, while Aon Corporation (NYSE: AON) added 0.40%....
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Reduce Your Risk In The Initial Public Offering Market With This IPO ETF
Thursday, March 25, 2010 - 7:56pm | 2056“Everybody loves the romance of an IPO — a company going public with the potential to deliver huge profits to those investors on the ground floor. But the reality of initial public offerings are very different than the storybook version some traders believe. Trying to research these tiny upstarts...
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Benzinga’s Top Upgrades (NKE, TAP, WERN, EBAY, PGR)
Thursday, March 25, 2010 - 10:11am | 248Nike Inc (NYSE: NKE) was upgraded by HSBC Securities from “neutral” to “overweight.” NKE’s shares closed at $73.38 yesterday. NKE’s shares have gained 11.50% year-to-date. Read more about this company here. Argus upgraded Molson Coors Brewing Company (NYSE: TAP) from “hold” to “buy.” TAP’s shares...
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Ambac Financial (ABK) Shares Fall As State Regulators Take Control Of Part Of ABK’s Book
Thursday, March 25, 2010 - 10:08am | 119The US bond insurer Ambac Financial Group Inc (NYSE: ABK) fell roughly 17% to $0.660 in the pre-market session, after state regulators said that they are taking control of some of the company’s worst assets. This action is likely to affect roughly $35 billion of assets. Regulators in Wisconsin...
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Ambac Financial (ABK) Shares Fall As State Regulators Take Control Of Part Of ABK’s Book
Thursday, March 25, 2010 - 10:08am | 119The US bond insurer Ambac Financial Group Inc (NYSE: ABK) fell roughly 17% to $0.660 in the pre-market session, after state regulators said that they are taking control of some of the company’s worst assets. This action is likely to affect roughly $35 billion of assets. Regulators in Wisconsin...
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PGR Upgraded On Valuation, Market Share Gains
Thursday, March 25, 2010 - 10:02am | 69Analysts at Janney Montgomery Scott upgrade The Progressive Corporation (NYSE: PGR) from "neutral" to "buy." The target price for PGR is set to $18.50. According to Janney Montgomery Scott, the upgrade in the rating is based on valuation and the company's market share gains. PGR’s shares closed at...
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Volume Talks Wednesday: A Bullish Biotech Breakout Option Play
Thursday, March 25, 2010 - 9:02am | 2954Today's breakout report is for Wednesday March 24, 2010. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to the list of stocks. To reiterate previous blog posts...