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Ambac on the Rise
Thursday, December 3, 2009 - 10:52am | 134Ambac Financial Group (NYSE: ABK) is popping over 22% this morning after S&P upgraded its counterparty credit and financial enhancement ratings to CC from Selected Default. This essentially means that Ambac may have a shot at being a real company again instead of assured bankruptcy. S&P did...
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Micromet & Bayer Take a BiTE - Analyst Blog
Wednesday, December 2, 2009 - 5:42pm | 449Micromet (MITI), a biopharmaceutical company, is dependent on many of its collaborating partners for its product portfolio. In this respect, the company received good news with Bayer exercising its option to develop a new bispecific T-cell engager (BiTE) antibody for the treatment of solid tumors...
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Stock Market News for December 01, 2009 - Market News
Tuesday, December 1, 2009 - 9:53am | 287U.S. stocks turned higher at the end of a tumultuous session Monday as investors grew confident that Dubai’s debt problems would not escalate into a major crisis. Uninspiring retail sales during the Thanksgiving weekend and a weak dollar also played on sentiments as stocks managed to push higher,...
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Top 5 Small-Cap Stocks with Highest Free Cash Flows (AMR, UAUA, MBI, NLY, PL)
Monday, November 30, 2009 - 9:42am | 161Below are interesting small-cap stocks on the NYSE and NASDAQ with highest free cash flows. AMR Corporation (NYSE: AMR) has free cash flows of $1.84 billion and a market capitalization of $1.93 billion. UBS upgraded AMR from “neutral” to “buy.” UAL Corporation (NASDAQ: UAUA) has free cash flows of...
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Stocks Achieving New Highs (GOOG, WSC, NPK, HDB)
Wednesday, November 25, 2009 - 4:01pm | 147Google Inc. (NASDAQ: GOOG) reached today its new 52-week high with $587.06. Google (GOOG) had a good opening, but it soon formed double top pattern and declined to $583.84. Wesco Financial Corporation (AMEX: WSC) also had a good start today with a jump to $344.84. Wesco Financial (WSC) corrected...
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Bookkeeping: Creating Starter Stake in Assured Guaranty (AGO)
Wednesday, November 25, 2009 - 11:19am | 1705Today we will begin a starter stake in bond insurer Assured Guaranty (AGO) - for those not familiar with the space think of the 2 disaster of companies called MBIA (MBI) and Ambak (ABK) which we talked about at length in first quarter 2008. This is not my typical fare but a speculative, "special...
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5 Top Small-Cap Stocks with Highest Net Income (ACAS, ABK, EK, HLS, SNV)
Wednesday, November 25, 2009 - 8:25am | 167Below are interesting small-cap stocks on the NYSE and NASDAQ that have highest net income. American Capital Ltd (NASDAQ: ACAS) has the net income of $991.0 million and a market capitalization of $867.8 million. Keefe Bruyette upgraded ACAS from “underperform” to “market perform.” Ambac Financial...
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Ambac Financial CFO Resigns
Tuesday, November 24, 2009 - 2:16pm | 41Ambac Financial Group (NYSE: ABK) announced Tuesday that Sean Leonard, its chief financial officer, has resigned, according to MarketWatch. News of the resignation may be weighing on the stock: ABK is down to .81, or almost 10% today.
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5 Top Mid-Cap Stocks with Highest Earnings Expectations for Next Quarter (FFH, WTM, MKL, Y, RE)
Tuesday, November 24, 2009 - 8:59am | 206Below are interesting mid-cap stocks on the NYSE and NASDAQ for which earnings expectations are the highest for the next quarter. Earnings expectation for Fairfax Financial Holdings Limited (NYSE: FFH) for the March quarter 2010 is $8.32. FFH has a market capitalization of $7.32 billion. FFH posted...
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Volume Talks: Hot Stocks on Heavy Volume & Detailed Ratio Put Spread Option Trade
Friday, November 20, 2009 - 12:51pm | 1672With the market selling off Thursday, there were several stocks that hit my radar which traded higher on abnormal volume. In this post, I will name 12 stocks which fought the trend Thursday November 19, 2009. I will be checking these stocks frequently to see if there is continued buying pushing...
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Benzinga’s Top Gainers (NLST, LZB, CHS, LDK, MBI, RDN)
Wednesday, November 18, 2009 - 12:34pm | 200Netlist, Inc. (NASDAQ: NLST) soared 26% to $5.16 on 7.36 million shares. In the past five trading sessions, NLST stock is up over 510%. La-Z-Boy Incorporated (NYSE: LZB) jumped 15.50% to $8.28 after it eported net income for the second quarter of $5.9 million or $0.11 per share, compared to a net...
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5 Mid-Cap NYSE Stocks with Highest Cash Per Share (CM, AIG, FFH, WSC, WTM)
Wednesday, November 18, 2009 - 8:13am | 194Below are interesting mid-cap stocks on the NYSE that have highest cash per share. Canadian Imperial Bank of Commerce (NYSE: CM) has the cash per share of $1,040 and a market capitalization of $3.05 billion. Barclays Capital initiated coverage of CM with a "equal weight" rating. American...
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New 52-Week High Stocks (AGO, SMTL, WGA, SALM)
Tuesday, November 17, 2009 - 11:59am | 210Assured Guaranty Ltd. (NYSE: AGO) hits a new 52-week high at $28.14 in today’s morning trade. Currently AGO is trading at $25.09, up 18% after J.P. Morgan increased its price target to $42 from $28 on Assured Guaranty (NYSE: AGO) after AGO reported its quarterly earnings yesterday. Semitool, Inc...
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Benzinga’s Top News Round-up (DDS, AGO, COV, APOL, HD, BT, APWR, UBS, IAPLY, EJ)
Tuesday, November 17, 2009 - 9:32am | 544Dillard's, Inc. (NYSE: DDS) reported third-quarter profit of $8 million and sales of $1.36 billion compared to $1.51 billion while analysts estimated a loss of $0.51 a share on sales of $1.31 billion. As a result, Dillard's, Inc. (NYSE: DDS) is trading at $13.45, increased 0.90% in the pre-market...
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RLI's Investment Yields May Reduce
Monday, November 16, 2009 - 11:02am | 139Oppenheimer retained its “perform” rating on RLI Corp (NYSE: RLI), while reducing its estimates for the company. The Casualty segment, which usually generates most of RLI’s reserve releases, has accounted for more than half of the company’s premiums for 2009. According to Oppenheimer, if RLI is...