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Three Stocks Rising On Strong Volume (NFLX, CIT, TKR)
Thursday, August 12, 2010 - 2:13pm | 124Shares of Netflix (NASDAQ: NFLX), CIT Group (NYSE: CIT) and The Timken Company (NYSE: TKR) are all rising today on strong volume. Netflix is up $4.03 or 3.19% to $130.50 on continued technical strength int he stock. Earlier in the week, Netflix announced a deal with Epix to expand its library....
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Goldman Sachs Makes Adjustment To its Conviction Buy List (CME, CBG, BKD, BX, SPG)
Thursday, August 12, 2010 - 10:19am | 167Goldman Sachs (NYSE: GS) is out with a research report this morning, where it makes adjustments to its Conviction Buy List. Some of the companies added to the list, solidifying GS’s bullishness on the names, include: • Brookdale Senior Living Inc. (NYSE: BKD): note that this stock was seeing...
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Goldman Sachs Keeps Buy Rating on NDAQ
Thursday, August 12, 2010 - 9:23am | 84Analysts at Goldman Sachs maintained its Buy rating on shares of NASDAQ OMX Group (NDAQ) as well as reiterating its $23 price target. In the report, Goldman Sachs states, "We view growth in EU equity/derivatives and market share growth story in U.S. options (over 30% thus far in August) as reason...
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Delphi Raises Dividend - Analyst Blog
Monday, August 9, 2010 - 5:52pm | 514Employee benefits provider Delphi Financial Group Inc. (DFG) yesterday announced a single cent increase in quarterly dividend to 11 cents from 10 cents paid in the second quarter of 2010. This hike represents a 10% increase from the previous dividend. With the increased annual dividend of 44 cents...
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UBS AG Sells $1.5 Billion Notes - Analyst Blog
Monday, August 9, 2010 - 5:51pm | 607UBS AG (UBS) has sold $1.5 billion of senior unsecured bank notes through its Stamford branch. The notes have a coupon rate of 2.25% and mature on August 12, 2013. Ratings from Moody’s Investor Services − a unit of Moody’s Corp. (MCO) − and Standard & Poor's are “Aa3” and “A+”, respectively...
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S&P Pares Rating On NYSE Euronext
Monday, August 9, 2010 - 3:28pm | 98Standard & Poor's cut its credit rating on NYSE Euronext (NYSE: NYX), operator of the New York Stock Exchange to "A+/A-1" from "AA-/A-1+," citing the bourse operator's debt load. The rating is still investment grade. The ratings agency called NYSE Euronext's debt load "moderately heavy." S...
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William Blair Maintains Market Perform Rating On NYSE Euronext
Monday, August 9, 2010 - 11:41am | 88William Blair & Company has released its research report on NYSE Euronext (NYSE: NYX), a global operator of financial markets, and has reiterated its ‘market perform’ rating for the company. Recently, Euronext declared its 2Q results with non-GAAP EPS at $0.64, ahead of the Street estimates of...
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PNC Gains $750M Through Notes Sale - Analyst Blog
Friday, August 6, 2010 - 9:44am | 670PNC Financial Services Group Inc.’s (PNC) subsidiary, PNC Funding Corp., has raised $750 million by selling senior notes. The notes carry a coupon rate of 4.375% and mature on August 11, 2020. The offer size exceeded the initially planned $500 million. Bank of America Corp. (BAC) and J.P. Morgan...
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Higher-Than-Forecast Revenues Drove Asta’s Fiscal Q3 Results
Thursday, August 5, 2010 - 1:36pm | 93Analysts at Keefe Bruyette maintain their "market perform" rating on Asta Funding Inc (NASDAQ: ASFI), while raising their estimates for the company. The target price for ASFI has been raised to $8. ASFI has reported better-than-expected results for FQ3. According to Keefe Bruyette, “Operating...
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J.P. Morgan Resumes Overweight Rating on Intercontinental Exchange (ICE)
Thursday, August 5, 2010 - 10:25am | 171J.P. Morgan is out with a research report this morning, where it resumes coverage of The Intercontinental Exchange (NYSE: ICE) with an Overweight Rating; it has a $129.00 price target on the stock. The JPM analysts were obligated to discontinue coverage on the name in April due to the company’s...
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ICE Profits Jump, Beats Ests - Analyst Blog
Wednesday, August 4, 2010 - 4:09pm | 734IntercontinentalExchange Inc.’s (ICE) second quarter adjusted net income of $113.0 million or $1.51 per share came in way ahead of net income of $83.4 million or $1.13 per share in the year-ago period. This also surpassed the Zacks Consensus Estimate of $1.41 per share. After including $11.4...
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Ocwen Misses Estimate, Profit Falls - Analyst Blog
Wednesday, August 4, 2010 - 3:29pm | 898Ocwen Financial Corporation (OCN) reported second quarter 2010 earnings per share of 15 cents, substantially lower than the Zacks Consensus Estimate of 23 cents. This also compares unfavorably with the earnings of 26 cents recorded in the year-ago quarter. Results in the quarter suffered due to...
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Market Roundup (PCLN, BP, ICE, GD)
Wednesday, August 4, 2010 - 3:00pm | 226The market has accepted Priceline's (NASDAQ: PCLN) story that there is more demand for travel. There has been an increase in booking rates across its travel business. However, strong Q2 results may be as a result of the overestimation of the adverse affect of the Icelandic volcanic eruptions....
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Reason Yen's Move is Not Bullish for Japan 08-03-2010
Tuesday, August 3, 2010 - 6:40pm | 839Cusick’s Corner The market did close the day in the red, another grinding session after an initial pop in the morning. The Japanese Yen currency has been on a tear and some market insiders who often confer with me, gave me some additional insight -- this move in the Yen is not a bullish signal for...
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Encore Capital Group Announces Record Net Income
Monday, August 2, 2010 - 4:17pm | 177Encore Capital Group, Inc. (NASDAQ: ECPG) today reported consolidated financial results for the second quarter ended June 30, 2010. For the second quarter of 2010: Gross collections were $156.8 million, a 28% increase over the $122.4 million in the same period of the prior year. Investment in...