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Top Trade Ideas for next week
Friday, March 4, 2011 - 7:33pm | 3327( click to enlarge ) Priceline.com Incorporated (PCLN) broke out to new highs today on 1.5x the daily average volume. The stock has been on fire since July 2010. It's hard to predict how far the momentum will take the stock. If you want to ride the uptrend as long as possible, you can hold the...
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TCF Opposes Motion by Department of Justice to Dismiss Durbin Amendment Lawsuit
Friday, March 4, 2011 - 5:12pm | 81TCF National Bank, a subsidiary of TCF Financial Corporation (NYSE: TCB), today filed legal briefs in South Dakota Federal court in connection with its lawsuit challenging the constitutionality of the Durbin Amendment of the Dodd-Frank Act. TCF countered the Department of Justice's motion to...
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What's Hot On TheStreet
Friday, March 4, 2011 - 1:19pm | 264Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet U.S. Banks May Face Scrutiny Over Gadhafi Banks call it "private wealth," but citizens of Egypt, Tunisia, Libya and other Arab states may have a different name for assets the former leaders and others clinging to...
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Fifth Third Bancorp to Present at the Citi 2011 Financial Services Conference
Friday, March 4, 2011 - 11:17am | 30Fifth Third Bancorp (Nasdaq: FITB) will present at the Citi 2011 Financial Services Conference on Wednesday, March 9, 2011 at approximately 8:45 AM EST.
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Morgan Keegan: TRMK Pullback Provides "An Attractive Entry Point"
Friday, March 4, 2011 - 10:23am | 188Morgan Keegan said that it believes the recent pullback on Trustmark Corporation (NASDAQ: TRMK) “provides an attractive entry point for investors in what we consider to be a low-risk, high-performing franchise, with TRMK down 8.2% YTD versus a 1.6% increase in the KBW Bank index.” “The pullback...
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Wunderlich Securities Comments On HBHC / WTNY Acquisition
Friday, March 4, 2011 - 8:25am | 145On December 22, 2010, Hancock Holding Co. (NASDAQ: HBHC) announced the acquisition of Whitney Holding Corp. (NASDAQ: WTNY) in an all-stock transaction that is expected to close in 2Q11, Wunderlich Securities reports. “At closing, Hancock is expected to be a $20 billion asset institution, with $16...
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Jefferies Ups Signature Bank To Buy
Friday, March 4, 2011 - 7:41am | 55Analysts at Jefferies upgrade Signature Bank (NASDAQ: SBNY) from “hold” to “buy.” The target price for SBNY has been raised from $60 to $62. SBNY shares gained 2.98% to close at $52.89 yesterday. More Analyst Ratings here
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Top 4 NASDAQ Stocks In The Regional-Southwest Banks Industry With The Highest Cash (BOKF, UMBF, BANF, CBSH)
Friday, March 4, 2011 - 5:42am | 145Below are the top regional-southwest bank stocks on the NASDAQ in terms of cash. BOK Financial Corporation (NASDAQ: BOKF) had $2.02 billion in total cash and $3.73 billion in total debt for the latest quarter. UMB Financial Corporation (NASDAQ: UMBF) had $1.48 billion in total cash for the latest...
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Trade Ideas for Friday, March 04
Thursday, March 3, 2011 - 7:32pm | 1432( click to enlarge ) My aggressive bullish play on Pfizer Inc. (NYSE:PFE) is now open. The stock broke to new highs and hit my entry point at $19.39. My first target is $19.99. The trend since last week was "buy on dips" and today's move just confirms this fact. From the technical chart MACD...
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Benzinga's Political Round Up (FITB, USO)
Thursday, March 3, 2011 - 1:05pm | 157The SEC is scrutinizing U.S. banks such as Fifth Third Bancorp (NASDAQ: FITB) after finding out the bank restructured troubled loans in order to make them appear healthier than they really are. Ben Bernanke said yesterday a Republican spending cut would not really hurt economic growth, but could...
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Banks In More Hot Water (FITB)
Thursday, March 3, 2011 - 11:04am | 318The Securities and Exchange Commission (SEC) is currently investigating several regional and community banks that may have accounted for troubled loans in a way in which it makes them appear healthier than they are. The SEC is seeking information from banks with particularly large concentrations of...
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Wunderlich Reports Positive Organic Growth For WCA Waste
Thursday, March 3, 2011 - 8:25am | 133In a report published by Wunderlich Securities, WCA Waste Corporation (NASDAQ: WCAA) saw positive organic growth offset by lower margins. Wunderlich Securities reported that it maintains its Hold rating and $5.00 price target on WCA Waste shares. “The company's 4Q results...
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Five Trade Ideas for Thursday, March 03
Wednesday, March 2, 2011 - 7:48pm | 2572( click to enlarge ) Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ) is setting up for a nice upside move and I'm going to be there when it occurs. The stock traded higher again on Wednesday as the stock ended the day near highs. The strength at the end of the day tells us to expect continued buying...
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What's Hot On TheStreet
Wednesday, March 2, 2011 - 4:29pm | 272Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Stocks Little Changed After Beige Book Stocks held slight gains Wednesday afternoon as a strong ADP private sector jobs report was able to offset oil prices climbing to nearly $102 a barrel. The Federal Reserve'...
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Market Trading Like a Tennis Match!
Wednesday, March 2, 2011 - 4:01pm | 894Cusick's Corner The tennis match continues into the Midday, with the bulls bouncing back from the lows. The market hit the lows on the ADP data which to me was very interesting, thought there could be a run to upside on the heels of a good number. Battle lines are being drawn, with the...