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Puts Purchased on XL Group plc (XL)
Wednesday, October 27, 2010 - 11:34am | 153Shares of XL Group plc (NYSE: XL) are lower on the session by 2.14%, currently trading at $21.48. The stock has been moving largely higher over the past six months, rallying off of support (via the $18.00 level and the 50-day/200-day moving averages) in late August. Options traders are buying puts...
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Buffett Disciples' Two Value-Stock Picks
Wednesday, October 27, 2010 - 7:44am | 252BOSTON (TheStreet) -- Warren Buffett, upon reading Benjamin Graham's Security Analysis, decided he had to attend Columbia Business School and study under the forefather of value investing. As the story goes, Buffett read the book so many times that when he finally enrolled in Graham's course, he...
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Earnings Scheduled For October 27 (V, PEG, DPS, PG, ODP, ESRX, WHR, NOC, S, GG, SYMC, PX, COP, OI, IP, SO, LM, VMED, CMCSA, ADP, ALL, GD, IACI)
Wednesday, October 27, 2010 - 5:26am | 499Visa Inc (NYSE: V) is projected to post its earnings at $0.95 per share in the fiscal fourth quarter. Public Service Enterprise Group Inc (NYSE: PEG) is likely to report its Q3 profit at $0.96 per share. Dr Pepper Snapple Group Inc (NYSE: DPS) is expected to post its Q3 EPS at $0.60. Procter &...
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Citigroup Reviews Chubb Corporation 3Q10
Tuesday, October 26, 2010 - 9:59am | 125Chubb Corporation (NYSE: CB) reported 3Q EPS of $1.69 “vs. our est. of $1.50 and FC of $1.43,” Citigroup reports. “The key takeaway is lower CAT losses and higher reserve releases than forecasted drove results higher relative to our estimates (combined benefit of ~$0.15/sh),” Citigroup writes. “CB...
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Piper Jaffray Reiterates W.R. Berkley Rating
Tuesday, October 26, 2010 - 9:04am | 104W.R. Berkley Corporation (NYSE: WRB) reported 3Q10 operating EPS of $0.67 compared to consensus and PJC's $0.64 estimate. “Overall, underwriting results remained in line with expectations as the company reported a loss ratio of 61.8% compared to our 61.7% forecast,” Piper Jaffray writes. “The...
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Benzinga's Top Downgrades (SFL, NAT, TRV, ICE)
Tuesday, October 26, 2010 - 8:43am | 147Ship Finance International Limited (NYSE: SFL) was downgraded by Jefferies & Co from "buy" to "hold." SFL's shares closed at $20.16 yesterday. Ship Finance International's 52-week trading range is $10.21-$20.52. Jefferies & Co downgraded Nordic American Tanker Shipping Limited (NYSE: NAT)...
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Deutsche Bank Downgrades TRV To Sell
Tuesday, October 26, 2010 - 6:51am | 50Analysts at Deutsche Bank downgrade The Travelers Companies, Inc (NYSE: TRV) from "hold" to "sell." The target price for TRV is set to $51. TRV's shares gained 0.89% to close at $55.59 yesterday. More Analyst Ratings here
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Mad Money Lightning Round OT: Cramer Is Bullish On CMI (PGR, BRK.B, CMI, AVB)
Monday, October 25, 2010 - 7:54pm | 206Jim Cramer said on CNBC's Mad Money Lightning Round OT that The Progressive Corporation (NYSE: PGR) is a very good company. If you like The Progressive Corporation (PGR), you should also like GEICO, which is owned by Berkshire Hathaway Inc. (NYSE: BRK.B). Berkshire Hathaway (BRK.B) is one of his...
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Keep an Eye on the Euro 10-25-2010
Monday, October 25, 2010 - 6:02pm | 843Cusick's Corner After watching the markets today, unless there is a major headline or blow out after the close, this grind is probably weighing on traders' psyches. Keep an eye on the Euro, FXE -- this currency has been highly correlated with the move in the S&Ps, plus the FXE was not able to...
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W. R. Berkley Corporation Reports Third Quarter EPS of $.61
Monday, October 25, 2010 - 4:53pm | 93W. R. Berkley Corporation (NYSE: WRB) today reported net income for the third quarter of 2010 of $94 million, or 61 cents per share, compared with $98 million, or 59 cents per share, for the third quarter of 2009. Operating income for the third quarter of 2010 was $103 million, or 67 cents per...
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RLI Corp. Downgraded to Neutral - Analyst Blog
Monday, October 25, 2010 - 4:15pm | 450We are downgrading RLI Corp. (RLI) to Neutral based on the lackluster performance in the Casualty segment along with escalating expenses. The Casualty segment was under pressure, owing to difficult economic conditions, especially in construction and transportation-related coverages. General...
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Is Charlie Brown Running the G20? 10-25-2010
Monday, October 25, 2010 - 3:16pm | 887Cusick's Corner I was wondering if Charlie Brown was running the G20 because all I heard out of the meeting was “Wah wha wha>> Hahaha>> Whawhawha”. Timothy Geithner tried to ask the rest of the world economies not to pull their best “Lucy van Pelt” and to pull the proverbial football away from the...
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Benzinga's Worst Performing Industries (WL, AGO, BKD, PSO)
Monday, October 25, 2010 - 1:23pm | 159Regional Mid-Atlantic Banks are leading the decliners today. This sector lost 2.22% in the first half of the Monday's trading session. Wilmington Trust Corporation (NYSE: WL) trades 10.39% down as traders started to ring the register, after big rally on Friday. The stock performed well on Friday on...
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Market Roundup (MEE, CLF, SVA, XHB, DHI, TOL, KBH, AGO)
Monday, October 25, 2010 - 1:12pm | 274US Energy stocks moved up, driven by increased oil prices and weak US dollar. Massey Energy (NYSE: MEE) and Cliffs Natural Resources (NYSE: CLF) were the top gainers in the list. Light, sweet crude for December rose 1.8% to $83.10 per barrel on the New York Mercantile Exchange (NYMEX). The NYSE...
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NASDAQ Stocks Hitting 52-Week Highs (AFOP, CHRW, CINF, LRCX)
Monday, October 25, 2010 - 11:40am | 154Alliance Fiber Optic Products Inc (NASDAQ: AFOP) shares reached $10.80 to create a new 52-week high, before falling to $10.74, representing a 7.18% gain. AFOP posted a 91% y/y surge in its Q3 revenue. CH Robinson Worldwide Inc (NASDAQ: CHRW) shares reached $73.18 to touch a new 52-week high, before...