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Company News for November 11, 2009 - Corporate Summary
Wednesday, November 11, 2009 - 9:50am | 317• Goldman Sachs (NYSE:GS) added Cytec Industries (NYSE:CYT) to its Conviction Sell List, with a target of $31. The analyst warned of the bleak outlook for the late-cycle aerospace industry, and economic uncertainties in Europe, which represents 40% of sales • JP Morgan (NYSE:JPM) plans to...
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Zacks Analyst Blog Highlights: Enzon, Merck, OSI Pharmaceuticals, Pfizer and Bank of America Corporation - Press Releases
Wednesday, November 11, 2009 - 8:55am | 1326For Immediate Release Chicago, IL – November 11, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include:...
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Dividend Increases Have Insurance ETF Looking Appealing (KIE)
Wednesday, November 11, 2009 - 3:58am | 131The ETF Professor thinks the SPDR KBW Insurance (NYSE: KIE) could be a good play for investors with a longer-term time horizon. The Professor thinks dividend increases among some of KIE's top holdings could be a positive catalyst for the ETF going forward. Recent dividend hikes from Travelers (NYSE...
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Prudential Hikes Dividend 21%
Wednesday, November 11, 2009 - 3:03am | 84Prudential Financial (NYSE: PRU), the second-largest U.S. life insurance firm, raised its annual dividend by 21% to 70 cents a share after reporting a third consecutive quarterly profit. Prudential currently pays a dividend of 58 cents a share per year and yields 1.2%. There has been a spate of...
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Enzon Beats, Announces Sell-off - Analyst Blog
Tuesday, November 10, 2009 - 4:53pm | 682Enzon (ENZN) achieved break-even earnings during the third quarter of 2009, better than the Zacks Consensus Estimate of loss of 7 cents but below the year-ago earnings of 1 cent. The company reported revenues of $44.6 million, a decline of 9% compared to $48.8 million reported in the third quarter...
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Biggest Losers (PIKE, MBI, PRKR, OPXT, RHIE)
Tuesday, November 10, 2009 - 11:59am | 207Pike Electric Corporation (NYSE: PIKE) plunged 19.90% to $9.89 on 821K share after FBR Capital downgraded Pike Electric from Outperform to Market Perform. In the last five trading sessions, PIKE declined by 20%. MBIA Inc. (NYSE: MBI) plummeted 18.12% to $3.93 on huge volume of 9.42 million shares....
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Benzinga’s Top Pre- Market Gainers (PCLN, AAPL, DISH, MBIA)
Monday, November 9, 2009 - 10:08am | 113priceline.com Incorporated (NASDAQ: PCLN) rose 1.16% at $174. Priceline.com is scheduled to report its quarter earnings today. Yesterday, the stock closed at $172. Apple Inc. (NASDAQ: AAPL) jumped 1.37% to $196.87 after Apple Inc. reached an agreement with StarHub Ltd. regarding the selling of...
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Today’s Earnings Preview (FLR, MDR, MBI, SRE, TSO, DISH)
Monday, November 9, 2009 - 7:39am | 121Fluor Corporation (NEW) (NYSE: FLR) is projected to report third-quarter earnings of 90 cents a share. McDermott International (NYSE: MDR) is expected to report earnings of 40 cents a share in the third quarter. MBIA Inc. (NYSE: MBI) is forecast to report a third-quarter loss of 70 cents a share...
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Tower Group, Inc. (TWGP) Reports Strong Q3 2009 Operating Results and $0.74 EPS
Thursday, November 5, 2009 - 8:24am | 76Tower Group, Inc. (NASDAQ: TWGP) reported net income of $30M and diluted earnings per share of $0.74 for the third quarter 2009. Tower Group, Inc (TWGP) offers diversified property and casualty insurance products and services through its operating subsidiaries. Its insurance company subsidiaries...
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Ambac Financial Group, Inc. (NYSE:ABK) a Potential Breakout Opportunity?
Wednesday, November 4, 2009 - 11:27am | 68Ambac Financial Group, Inc. (ABK) is trading sharply higher today, 50% up and near $1.61. Ambac can be a good breakout value bet, ideal entry level should be considered around the $2 price barrier, as soon as Ambac settles for two sessions or more above this level it can be considered a buy. Option...
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Benzinga’s Earnings Roundup (WPI, RIG, MMC, ABK)
Wednesday, November 4, 2009 - 9:52am | 231Watson Pharmaceuticals, Inc. (NYSE: WPI) third-quarter net income fell to $63 million, or 55 cents a share and on an adjusted basis, earnings in the latest quarter were 66 cents a share. While its net revenue rose to $662 million from $641 million versus Analysts estimations of 64 cents a share on...
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5 Small Cap Stocks with Highest Cash (FRE, FNM, MF)
Tuesday, November 3, 2009 - 10:43am | 189Below are interesting small cap stocks on the NASDAQ and NYSE with the highest cash. Freddie Mac (NYSE: FRE) has a total cash of 305.83 billion and a market capitalization of $745.6 million. IBKR shares are trading significantly lower than its 52 week high of $24.47. FRE shares are trading at a...
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Barron’s Finds Progressive (PGR) Appealing
Monday, November 2, 2009 - 5:37am | 135Barron’s is optimistic on the future of The Progressive Corporation (NYSE: PGR). In a recent report, it said that the shares of Progressive Corporation are trading at “a historically low valuation.” Barron’s also reported that it expects revenues and profits are “poised to expand”. Barron’s felt...
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Tom Gayner Portfolio Focus (MKL, BRK.A, MCD, KO, PG, CPB, ABT, MSFT,MSFT, MAR, SYY, CXMSF, CVA, COP, NYX, CBG, FR)
Friday, October 30, 2009 - 1:22pm | 331Tom Gayner is the CIO for Markel Corporation (NYSE: MKL). He is one of the finest minds in investing and was once said to be the best CIO to replace Warren Buffet in Berkshire Hathaways (NYSE: BRK.A). Gayner is considered a value investor that has simple rules in finding companies to invest in,...
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Top 5 Stocks with Highest Free Cash Flow (CB, WLP, PFG)
Friday, October 30, 2009 - 7:08am | 163Below are interesting stocks on the NYSE and NASDAQ with highest free cash flow. The Chubb Corporation (NYSE: CB) has the free cash flow of 3.14 billion and the PEG ratio of 0.98. Argus upgraded CB from “hold” to “buy.” WellPoint Inc (NYSE: WLP) has the free cash flow of 3.05 billion and the PEG...