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Call Volume Grows in St. Joe (JOE)
Friday, May 28, 2010 - 12:51pm | 103Shares of St. Joe Co. (NYSE: JOE) are lower on the session by 2.80%, currently trading $27.79. The stock has been falling sharply over the past few weeks, but seems to have bottomed near the $26 handle. Calls are being purchased in the name today with the June $30 call purchased 1,200 times on...
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Bulls Target E-House China (EJ)
Thursday, May 27, 2010 - 10:51am | 114Shares of E-House China Holdings LTD (NYSE: EJ) are higher on the session by 2.29%, currently trading $14.31. The stock has been breaking lower for the past few weeks and is making lower lows and lower highs. This is a very bearish sign. Despite that, I am seeing call purchases in the name on the...
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Goldman Sachs Says To Aggressively Buy CB Richard Ellis Group (CBG)
Monday, May 24, 2010 - 2:12pm | 140Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham reiterated their Conviction List Buy rating for shares of CB Richard Ellis Group Inc (NYSE: CBG), with a price target of of $21 per share. The analysts said they would be aggressive buyers of CB...
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Company News for May 21, 2010 - Corporate Summary
Friday, May 21, 2010 - 10:03am | 147• Dell (NASDAQ:DELL) posted better-than-expected first quarter earnings of 30 cents, versus Zacks expectations of 27 cents, on revenues of $14.9 billion, which missed estimates of $14.3 billion • J Montgomery upgraded MasterCard (NYSE:MA) to "buy" with a $250 price target • Lazard reiterated a "buy...
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Oppenheimer Lowers E-House (EJ) Price Target To $20.
Friday, May 14, 2010 - 11:00am | 197Oppenheimer analyst Ella Ji maintained an Outperform rating for shares of E-House (China) Holdings Limited (NYSE: EJ) but lowered the price target to $20, down from the previous price target of $22. Ji lowered the price target after lowering the 2011 EPS estimate to $1.46, down from the previous...
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EJ Downgraded To Neutral At Goldman
Friday, May 14, 2010 - 6:54am | 44Analysts at Goldman Sachs downgrade E-House (China) Holdings Limited (NYSE: EJ) from "buy" to "neutral." EJ’s shares moved down 5.02% to close at $14.57 yesterday. More Analyst Ratings here
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Vornado Realty Defaults on Loan
Tuesday, May 11, 2010 - 5:02pm | 123According to a personal familiar with the matter, Vornado Realty Trust (NYSE: VNO) has defaulted on a roughly $18 million mortgage loan on San Francisco landmark Cannery at Del Monte Square. The New Jersey based company led a group that in 2007 paid $33.5 million for the 103-year old property,...
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General Growth (GGP) Spurns Simon Property (SPG)
Friday, May 7, 2010 - 12:15pm | 270General Growth Properties (NYSE: GGP) has opted to seek a bankruptcy judge’s approval for Brookfield Asset Management’s (NYSE: BAM) proposal that will allow it to exit from bankruptcy as a standalone company. In return, Brookfield will get a significant equity stake. General Growth had received a...
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Simon Ups Its Bid For General Growth (SPG, GGP, BAM)
Friday, May 7, 2010 - 11:22am | 167Simon Property Group (NYSE: SPG) is going all out to snag General Growth Properties (NYSE: GGP). Simon (SPG) has raised its bid to $20 per share, up from its previous offer of $18.25 apiece. The new bid has increased the deal size to $6.5 billion. Reuters has reported that Simon has also offered to...
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Puts Purchased in C.B. Richard Ellis
Friday, May 7, 2010 - 11:20am | 101Shares of C.B. Richard Ellis Group (NYSE: CBG) are off 2.21% this morning, currently trading $15.50. The stock has now breached below the 50-day moving average; there is a large gap to where the 200-day will provide support (around $13.25) and one trader is buying put in the name today. Options...
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Simon Property (SPG) Makes A Final Offer Of $20 Per Share For General Growth (GGP)
Friday, May 7, 2010 - 7:34am | 106On Thursday, Simon Property Group (NYSE: SPG) came up with a final offer of $20 per share to acquire General Growth Properties (NYSE: GGP). Simon’s latest acquisition offer is worth $6.5 billion. Previously, it had offered General Growth, which had filed for the largest real estate bankruptcy in U...
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Top Performing Industries For May 5 (JOE, DAL, TJX, DDE, FDO)
Wednesday, May 5, 2010 - 1:57pm | 265At 11:55 am, Dow surged 10.50 points, or 0.10%, to 10,937.27 and the broader Standard & Poor's 500 index gained 1.42 points, or 0.12%. Meanwhile, the Nasdaq composite index has slipped -3.81 points, or 0.16%. The industries that are helping the market keep afloat today are: Real Estate...
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Goldman Sachs Reiterates “Buy” Rating on EJ
Wednesday, May 5, 2010 - 9:44am | 104E-House Holdings Limited (NYSE: EJ) was reiterated a “Buy” over at Goldman Sachs this morning. They said that the recent plunge in the stock is most likely due to worries about the “detailed tightening policies from various local governments following the State Council’s guidelines on April 17th...
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Market Roundup (CSX, BRK.A, RIMM, SPG, GGP, BAM, FNM, FRE, POT, MOS)
Wednesday, April 14, 2010 - 2:23pm | 301CSX (NYSE: CSX) chief Michael Ward said that the purchase of Burlington Northern (NYSE: BNI) by Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) was a "brilliant" acquisition" move, as the rail industry is rebounding. Shipments have risen after declining for a couple of years and CSX, the third-...
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Profits Taken in CB Richard Ellis
Thursday, April 8, 2010 - 4:05pm | 131CB Richard Ellis Group (NYSE: CBG) is charging higher today by 2.40% to $16.62. The commercial real estate services firm has been on a tear for the past ten weeks, reaching a new 52-week high on Monday. It appears that one trader is cashing out of the name however. The June $10 call was sold a...