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Waddell & Reed Big Mystery Seller In S&P Futures During Market Plunge (WDR)
Friday, May 14, 2010 - 2:54pm | 320Reuters is reporting that the big mystery seller in the S&P e-mini futures contract during last Thursday's market plunge was asset management firm Waddell & Reed (NYSE: WDR). Waddell sold 75,000 e-mini contracts during a 20-minute span in which U.S. equity markets plummeted according to an...
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Buyers Take a Breather 05-13-2010
Thursday, May 13, 2010 - 6:48pm | 683Cusick's Corner Reported jobless claims today did not fall as much as expected. Analysts would like to see the jobless claims fall faster because that would be a sign of more hiring on Main Street. So buyers were taking a breather today and the SPX failed to push through the 1173 level with...
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Put Volume Continues to Surge in Moody’s
Thursday, May 13, 2010 - 2:07pm | 157Shares of Moody’s Corp. (NYSE: MCO) are flat on the session, currently trading $22.37, but put volume is exploding in dramatic fashion that I have not seen since 2008. The $22, 21, 20, 19, 17.50, 16, 15, and 12.50 strikes in May and June and heavy with purchases. The put/call ratio on the name is...
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Regulators To Probe Banks For Influencing Credit Ratings (GS, MS, UBS, C, DB, CS, BAC, MCO)
Thursday, May 13, 2010 - 1:49pm | 197The New York Attorney General has launched a new probe against eight banks. The investigation will determine whether the banks supplied misleading information to rating agencies and thereby influenced the credit rating for some of their mortgage securities. The probe is likely to cover prominent...
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Fast Money Picks For May 12th (PM, NYX)
Tuesday, May 11, 2010 - 7:18pm | 129On CNBC's Fast Money, Anthony Scaramucci recommended a long position in Philip Morris International Inc. (NYSE: PM). He sees PM as a defensive stock. Philip Morris International Inc. (NYSE: PM) closed at $48.35 today. Steve Grasso likes NYSE Euronext (NYSE: NYX). NYSE Euronext (NYSE: NYX) dropped 0...
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Short Interest Declines on NYSE, Flat on NASDAQ
Tuesday, May 11, 2010 - 4:52pm | 120Short interest on NASDAQ (NASDAQ: NDAQ) listed stocks was basically flat during the second half of April, said the market site in a press release on Tuesday. NASDAQ’s total short interest totaled 7.08 billion shares on April 30th versus 7.08 on April 15th, despite a decline in 2 securities over...
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Market Roundup (TII, C, NDAQ, INTC)
Tuesday, May 11, 2010 - 4:32pm | 214Terra Firma(CVE: TII ) has succeeded in raising $156 million to hold off a bank foreclosure on EMI Group, which will provide leverage to TII in a battle over the music company’s fate with the lender Citigroup (NYSE: C). Nasdaq Inc (NASDAQ: NDAQ) has presented its minute-to-minute timeline of the "...
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Sustainability of Market Move 05-10-2010
Monday, May 10, 2010 - 6:39pm | 718Cusick’s Corner The market pulled back from the highs into the afternoon, which does not come as unexpected. What is worrisome about this pullback is that there’s this sentiment of “hope” in the market. This starts to raise the question whether this move is sustainable. If you look at the currency...
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Bailouts Boost Bulls 05-10-2010
Monday, May 10, 2010 - 2:30pm | 830Cusick’s Corner Bailout! Bailout! Who needs a Bailout? It’s official -- no one is allowed to fail. With this new “optimism” in the market, the short-term trader is leaning on this bullish enthusiasm. While it is a nice boost into the midday, there is the potential of setting up some short-term...
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Bookkeeping: Restarting IntercontinentalExchange (ICE)
Monday, May 10, 2010 - 11:50am | 784I am looking to diversify fund holdings away from a 'tech centric' exposure I've had the past few months. There are some interesting banks in the financial space - especially PNC Financial (PNC) and some smaller regionals but for now I am going to go with IntercontinentalExchange (ICE) which is...
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Moody’s Falls Hard
Monday, May 10, 2010 - 9:53am | 184Shares of Moody’s Corp (NYSE: MCO) are falling today by 7.92% after the company said that they were served a “Wells Notice” from the SEC, alleging “False Statements.” FINALLY, someone is investigating these jokers; they played a HUGE part in the perpetuation of sub-prime loan issuance, but, up...
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Fast Money Picks For May 10th (VIP, NYX, FRX)
Friday, May 7, 2010 - 7:51pm | 144On CNBC's Fast Money, Tim Seymour said that he recommends Vimpel-Communications (ADR) (NYSE: VIP) as a buy. Tim Seymour thinks that Vimpel-Communications (VIP) has good valuations. Vimpel-Communications (ADR) (VIP) did well in today's trading session. It gained 2.25% and closed at $15.46. Guy Adami...
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What Kind of Con Game is Going on Here?
Friday, May 7, 2010 - 1:11pm | 145So yesterday I'm watching CNBC's Fast Money and Mark Fisher from MFB Trading comes on and does a rare TV interview . As far as I know he is a market insider who functions as a specialist , but he is considered as someone who is very involved with the machinations of the stock exchanges.Well, he...
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IntercontinentalExchange Q1 Profits Jump 43% Exceeding Expectations
Wednesday, May 5, 2010 - 9:12am | 152IntercontinentalExchange Inc (NYSE: ICE) said its first-quarter profits jumped 43% as futures trading in the hot energy and agricultural sectors rose sharply. ICE, which also runs clearinghouses in North America and Europe, said its profits for the quarter climbed to $103.5 million, or $1.36 a...
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EARLY LOOK: Agonizing Math
Wednesday, May 5, 2010 - 8:05am | 1169“He who will not economize will have to agonize.” -Confucius Yesterday was a great day for risk management. I don’t say that because most markets were down. I say that because markets actually did what the math said they should. In other words, from Spanish equities to US volatility, the macro...