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Bookkeeping: Cutting Back a Few More Long Positions
Wednesday, February 3, 2010 - 4:02pm | 918I am cutting back on these names for identical reasons in all situations. Stocks that had blown through support and now have made their way back to a resistance area or very close; identical set up as we see in the major indexes. I will go with the same concept as with the indexes - if they jump...
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2010 Fund Performance Period 1
Tuesday, February 2, 2010 - 5:23pm | 3531The mutual fund is now on schedule for a summer 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in...
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Investment Income To Support TRV’s Stock Valuation
Tuesday, February 2, 2010 - 11:29am | 159Analyst Michael Nannizzi of Oppenheimer & Co maintains his "outperform" rating on Travelers Companies (NYSE: TRV), while raising his estimates for the company. The target price for TRV has been raised from $58 to $60. According to Oppenheimer & Co, “Travelers Companies remains positioned...
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Top 5 Stocks In The Financial Sector With The Highest 5-Y Earnings Growth (LPHI, NRF, PMACA, COHN, HIH)
Tuesday, February 2, 2010 - 7:25am | 230Below are the top 5 financial stocks on the NASDAQ and the NYSE in terms of 5-year earnings growth. The 5-year earnings growth at Life Partners Holdings Inc (NASDAQ: LPHI) is 124.4%. LPHI lost 35.83% over the past 52 weeks, as compared to a gain of 31.95% in S&P500. Read more on this stock. The...
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Top 5 Stocks In The Financial Sector With The Highest Free Cash Flows (BRK-A, ALL, HIG, AIG, STI)
Tuesday, February 2, 2010 - 7:23am | 244Below are the top 5 financial stocks on the NASDAQ and the NYSE in terms of free cash flows. Free cash flows at Berkshire Hathaway Inc (NYSE: BRK-A) for the latest quarter are $6.09 billion. BRK-A’s quarterly earnings growth is 206.30% y/y. Read more on this stock. Free cash flows at Allstate Corp...
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Chubb (CB) Falls Despite Good Show In Q4
Friday, January 29, 2010 - 3:17pm | 68The Chubb Corporation (NYSE: CB) beat analyst estimates by a large margin when it reported EPS of $1.66 as against an expectation of $1.46. Full year forecast is $5.15-$5.55 per share, the consensus being $5.40. Net written premiums fell 4% in the quarter to $2.78 billion but the book value per...
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Fast Money Halftime Report
Friday, January 29, 2010 - 2:10pm | 168The Fast Money Halftime Report just ended and it looks like the bears are coming out of the woodwork. All of the panelists are advising shorting this market, which has been falling as a result of China and Greece concerns as well as the political intrigue coming out of Washington D.C. There just...
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Earnings Preview: Chubb Corp. (CB)
Thursday, January 28, 2010 - 4:58am | 58Chubb Corp. (NYSE: CB) will post last quarter’s earning results after the market closes on Thursday. The property and casualty insurance company is expected to earn $1.46 per share versus $1.58 for the same quarter a year ago. Chubb Corp. has easily beat estimates in each of its last four quarters.
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The Travelers Cos. Inc. (TRV) Reports Good Results
Tuesday, January 26, 2010 - 3:29pm | 105According to analysts at Wells Fargo Securities, the Travelers Cos.(NYSE: TRV) beat its Q4 estimates. The firm reported an EPS of $2.12 whereas Wells Fargo had estimated it to be $1.47. Market consensus stood at $1.49. According to the report published by Wells Fargo Securities, the major boost...
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Overview of Remaining Material Long Positions
Tuesday, January 26, 2010 - 1:17pm | 1184There have been a ton of changes in exposure the past 5 sessions as the market has really punished many names in the small and mid cap space. We only have light exposure to "weak dollar / commodity" names but they too have bene traumatized the past week. The S&P could have upside to about...
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Stock Market News for January 26, 2010 - Market News
Tuesday, January 26, 2010 - 11:10am | 249This morning, Asian shares dropped sharply today, with the Shanghai Composite down 2.93%; the Hang Seng off 2.38%; and the Nikkei 1.78% lower. A more risk-averse sentiment also followed news that UK's fourth quarter GDP increased at a much less-than-anticipated 0.1%, as the country exited an 18-...
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4Q Profit of Travelers Cos. Rises Significantly (TRV, VRSK)
Tuesday, January 26, 2010 - 10:10am | 92Reuters reports that Travelers Cos Inc. (NYSE: TRV) has shown a significant rise in 4Q profits, contrary to expectations of analysts. The company’s 4Q profits stood at $1.29 billion, up from $801 million for the fourth quarter in 2008. While analysts had expected operating income of $1.49 per...
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Benzinga’s Top Pre-Market Gainers (ZION, AMLN, EMC, TLAB, TRV, CTXS)
Tuesday, January 26, 2010 - 9:28am | 353Zions Bancorporation (NASDAQ: ZION) increased 5.75% to $18.95 in the pre-market session. Zions Bancorporation announced yesterday that it has reevaluated its accounting for the June 2009 subordinated debt modification in connection with responding to regular inquiries received from the Securities...
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Stock Market News for January 25, 2010 - Market News
Monday, January 25, 2010 - 10:20am | 463US stocks declined for a third straight session as lingering worries about a White House proposal to clamp down on big Wall Street banks and China’s measures to tame liquidity in that country roiled markets. Ho-hum earnings reports that failed to meet high expectations darkened the mood further,...
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Earnings Round-up For January 20 (MS, BK, NTRS, COH, STT, SLM, PGR, MI, HCBK, MTB, EBAY, SBUX, STX)
Thursday, January 21, 2010 - 8:35am | 792It was a day when financials ruled, with companies like Bank of New York Mellon, Bank of America and Morgan Stanley reporting their earnings. The earnings reported before the bell are: Morgan Stanley (NYSE: MS): The financial services firm reported $0.14 a share of continuing operating earnings on...