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Ambak Financial Surging (ABK)
Monday, June 14, 2010 - 3:18pm | 115Penny stock Ambac Financial (NYSE: ABK) is surging today on rumors the company has a plan to avoid bankruptcy. Apparently the Chairman said at the shareholder meeting that the company has alternatives to bankruptcy. This news sent the stock up some 45 percent to 93 cents from 64 cents. The stock...
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Merger Arbitrage Mondays – June 14, 2010
Monday, June 14, 2010 - 6:19am | 4820If we are supposed to be on the verge of a bear market, someone forgot to mention it to the deal makers as we once again saw seven new mergers announcements last week. We have had seven new mergers announced in three out of the four last weeks. You can use our new Merger Arbitrage Tool to view the...
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Introduction to Insider Weekends
Sunday, June 13, 2010 - 3:13pm | 2325I am pleased to introduce a new weekly service called Insider Weekends that highlights buying and selling of stock by company insiders. Numerous academic studies have found that insiders as a whole tend to outperform the general market. A 2007 study by Alan D. Jagolinzer, an assistant professor at...
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Early Volume Plays Among Those Valued Below $10 (NOOF, PTEC, PMACA, ABK)
Thursday, June 10, 2010 - 11:52am | 258Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: New Frontier Media (NASDAQ: NOOF) announced a Q4 loss of $0.26 a share, while analysts were expecting it to report a profit of $0.07 a share. Shares of NOOF...
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France Telecom Inks ACE Cable Deal - Analyst Blog
Thursday, June 10, 2010 - 10:04am | 508French telecom behemoth France Telecom (FTE) has reportedly entered into a historic network deal for the construction of a submarine cable system which will connect Europe to Africa. The carrier has inked an agreement with Africa Coast to Europe (ACE), a newly formed consortium of 20 telecom...
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Company News for June 10, 2010 - Corporate Summary
Thursday, June 10, 2010 - 10:04am | 188• Reports say another federal probe into Goldman Sachs' (NYSE:GS) handling of CDO is in the works, regarding a $2 billion Hudson Mezzanine offering sold in 2006 • Old Republic (NYSE:ORI) announced plans to merge with PMA Capital (NASDAQ:PMACA), in a $365 million deal • Citigroup (NYSE:C) upgraded...
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Euro Below 1.20 06-09-2010
Wednesday, June 9, 2010 - 6:52pm | 747Cusick’s Corner Bernanke said today on Capitol Hill that Europe’s debt trouble would have a modest impact on the U.S. His remarks did not help the major markets stay up through the afternoon and the sellers took over. This morning’s gains faded in the afternoon as the Euro fell below the...
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US Markets Follow Europe's Gains 06-09-2010
Wednesday, June 9, 2010 - 2:38pm | 800Cusick’s Corner Yesterday’s bullish divergence was extended today and buyers appear to be coming in from the sidelines. The short-term strength of the Euro has been a decent barometer of strength in the Equity markets. Major European Bourses closed higher and the Euro is also up. US stocks...
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GE Enters into Collaboration - Analyst Blog
Wednesday, June 9, 2010 - 10:14am | 345General Electric Co. (GE), through its healthcare unit entered into a collaboration with the Sourasky Medical Center in Tel Aviv, Israel and Hamilton Health Sciences Hospital in Ontario, Canada. Through this collaboration, GE Heathcare will undergo clinical trials to develop technologies that will...
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Mid-Day Market Movers (CASC, ICCC, ABK, CERP)
Tuesday, June 8, 2010 - 12:47pm | 149Cascade Corporation (NYSE: CASC) climbed 22.73% to $33.80 by 10:01 am. CASC reported its Q1 profit at $5.7 million after losing money in the same quarter last year. ImmuCell Corporation (NASDAQ: ICCC) soared 7.02% to $3.66. ICCC develops, manufactures and sells products aimed at improving animal...
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Early Volume Plays Among Those Valued Below $10 (DEPO, AONE, NAV, ABK)
Tuesday, June 8, 2010 - 10:32am | 244Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: DepoMed Inc (NASDAQ: DEPO) soared 10.6% to $3.35 in pre-market trading. The Food and Drug Administration (FDA) has granted approval to DEPO’s marketing...
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ACE’s Business Mix Has Evolved; Stock Hasn’t
Monday, June 7, 2010 - 10:57am | 169Analysts at Citigroup reiterate their "buy" rating on ACE Ltd (NYSE: ACE). The target price for ACE is set to $64. According to Citigroup, “Management has put together a mix of Specialty P/C and A&H that accounts for over half of total premiums with ROEs that should exceed management’s 15%...
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Benzinga's ETF Decliners (DRN, TNA, FAS, URE)
Friday, June 4, 2010 - 1:23pm | 198Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) and ProShares Ultra Real Estate (ETF) (NYSE: URE) are trading down today, along with real estate sector. Vornado Realty Trust (NYSE: VNO) trades 3.8% down, and Boston Properties, Inc. (NYSE: BXP) dropped 3.2% so far. Direxion Daily Financial Bull...
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Oxycyte Development Moving Forward - Analyst Blog
Thursday, June 3, 2010 - 5:52pm | 1026Preclinical SCI Data Shows Encouraging Neuroprotection On June 3, 2010, Oxygen Biotherapeutics (OXBT) reported that two preclinical studies demonstrated Oxycyte delivered marked neuroprotective effects in a rat model of spinal cord injury. The data show histologically, Oxycyte improved the volume...
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Amerisafe to Present at JMP Securities Conference (AMSF)
Thursday, June 3, 2010 - 4:19pm | 192AMERISAFE, Inc. (Nasdaq: AMSF), a specialty writer of high hazard workers' compensation insurance, today announced that C. Allen Bradley, Chairman, President, and Chief Executive Officer, and G. Janelle Frost, Chief Financial Officer will present at the Ninth Annual JMP Securities Research...