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Bears Target CIT
Tuesday, May 4, 2010 - 1:48pm | 110CIT Group (NYSE: CIT), who recently reemerged from bankruptcy, is seeing a large bearish bet this afternoon even as the stock moves lower. The July $35 put was purchased on the offer 20,000 times a short while ago. This volume vastly outpaces the open interest on that strike and suggests that new,...
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CME Raises Expense Guidance; JP Morgan Revises Estimates
Monday, May 3, 2010 - 3:07pm | 122Analysts at JP Morgan maintain their "overweight" rating on CME Group Inc (NYSE: CME), while revising their estimates for the company. The target price for CME is set to $360. CME has reported its EPS for the March quarter short of the estimates due to higher expenses and lower RPC. CME has raised...
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Jefferies & Company Inc. Maintains Buy Rating For NASDAQ OMX Group, Inc. (NDAQ)
Monday, May 3, 2010 - 2:47pm | 110Analyst Daniel Fannon at Jefferies & Company Inc. has released an update on NASDAQ OMX Group, Inc. (NASDAQ: NDAQ). The company reported its first-quarter results, last week. NASDAQ reported first-quarter EPS of $0.43, which was below Jefferies’ estimate of $0.45, and consensus of $0.46....
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PHH Downgraded At FBR Capital
Monday, May 3, 2010 - 8:20am | 43Analysts at FBR Capital downgrade PHH Corp (NYSE: PHH) from "outperform" to "market perform." PHH’s shares dipped 12.26% to close at $22.69 on Friday. More Analyst Ratings here
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Jefferies & Company Inc. Raises Price Target For CME Group Inc. (CME)
Friday, April 30, 2010 - 4:12pm | 80Analyst Daniel Fannon at Jefferies & Company Inc. has released an update on CME Group Inc. (NASDAQ: CME). The company reported its first-quarter results on Thursday. CME Group reported first-quarter GAAP EPS of $3.62. Following the first-quarter results, Jefferies & Company has raised its...
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Earnings Roundup (AGN, NDAQ, NWL, CVH)
Friday, April 30, 2010 - 2:12pm | 331Botox-maker Allergan Inc (NYSE: AGN) reported its first-quarter earnings at $168 million, or $0.55 a share, up from $44.7 million, or $0.15 a share, for the same period a year ago. Excluding certain items, Allergan would have posted adjusted earnings of $0.65 per share. AGN’s revenues for the...
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Nasdaq OMX (NDAQ) Group’s First-Quarter Profit Falls
Friday, April 30, 2010 - 12:50pm | 124Nasdaq OMX Group, Inc. (NASDAQ: NDAQ) has reported a drop in quarterly profit, resulting in a downward spiral for its shares. The shares dropped to their lowest point in a month, but later recovered some ground. UBS (NYSE: UBS) analyst Alex Kramm said, “The results show "the absence of growth for...
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US Stock Futures Move Up On Fresh Optimism
Friday, April 30, 2010 - 9:18am | 310US stock futures moved up with investors expecting first quarter GDP to support the positive outlook delivered by several companies during the earnings season. Moreover, hopes have risen of an aid package for Greece being finalized by the end of the weekend. While futures on the S&P 500 added 1...
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Stocks To Watch On April 30, 2010 (CVX, NDAQ, AVP, CEG, AGN)
Friday, April 30, 2010 - 6:11am | 162Stocks that may be in focus today are: Chevron (NYSE: CVX) is expected to post its EPS for Q1 at $1.88. CVX gained 0.02% to $82.31 in the after hours session. Analysts expect Nasdaq OMX (NASDAQ: NDAQ) to have earned $0.46 a share in Q1. Shares of NDAQ gained 0.73% to $22 in after hours trading....
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New Proposal On Fees For Rating Complex Securities (MCO)
Thursday, April 29, 2010 - 3:53pm | 283Millions of dollars are still paid to credit rating agencies for reporting on the performance of collateralized debt obligations. The hefty fees are paid despite the fact that CDOs have lost most of their value, after having issued in many cases with triple A stamps of approval. According to the...
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Calls Purchased on Moody’s
Thursday, April 29, 2010 - 2:39pm | 135Moody’s Corp (NYSE: MCO), a provider of credit ratings and other economic related research, has been cascading lower for the better part of two months, falling from a high of $31.04 to its current price of $25.23. The stock is off 1.48% on the session. I have been bearish on the name as I believe...
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Market Roundup (AAPL, ADBE, NDAQ, NYX, ICE, CME, GS, PG)
Thursday, April 29, 2010 - 1:58pm | 309Apple's (NASDAQ: AAPL) Steve Jobs has posted a scathing letter in which he has criticized Adobe's Flash technology(NASDAQ: ADBE). Steve said that the technology has "major technical drawbacks" and mentioned that both companies have "few joint interests." ADBE has drawn fire for the absence of...
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ECPG Upped To Overweight
Thursday, April 29, 2010 - 10:23am | 38Analysts at First Analysis upgrade Encore Capital (NASDAQ: ECPG) from "equal weight" to "overweight." ECPG closed at $0.0004 yesterday. More Analyst Ratings here.
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Top Narrow Based Indexes For April 28 (RMBS, SA, PRAA)
Wednesday, April 28, 2010 - 4:05pm | 212Markets saw high volatility today, with the indexes swinging from black to red to black again. While the Dow Jones Industrial Average climbed 32.95, or 0.30%, to 11,024.94, Nasdaq lost 3.51, or 0.14%. Some of the few narrow based indexes that are driving the market are Memory Chip Stocks, which...
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Key Downgrades This Morning (HBAN, NDAQ, BIDU, PCL, GOOG)
Tuesday, April 27, 2010 - 9:01am | 120Here are some key downgrades this morning: Huntington Bancshares (NASDAQ: HBAN) was downgraded to Hold from Buy at Deutsch Bank. Target $6. NASDAQ (NASDAQ: NDAQ) was downgraded to Neutral from Positive at Susquehanna Financial. Baidu.com (NASDAQ: BIDU) was downgraded to Underperform from Neutral...