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Benzinga’s Top Upgrades (BA, CME, NBR, NFLX, ITW)
Thursday, January 28, 2010 - 10:41am | 275The Boeing Company (NYSE: BA) was upgraded today by Broadpoint AmTech Research from Neutral to Buy with a price target of $76. The Boeing Company is now trading at $61.70, 0.40% down in the morning trading hours. The Boeing closed at $61.93 in the previous trading session. In the last year, BA has...
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JP Morgan Gets Optimistic On CME
Thursday, January 28, 2010 - 10:05am | 26JP Morgan upgraded CME Group (NYSE: CME) from “neutral” to “overweight.” CME has gained 1.71% to $299.35 in pre-market trading.
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Benchmark Ups MCO
Wednesday, January 27, 2010 - 9:05am | 52Benchmark Co upgraded Moody's (NYSE: MCO) from “hold” to “buy.” The target price for MCO is set to $33. Benchmark Co believes that MCO witnessed strength in the debt issuance market during Q4 and would continue to do so in 2010. MCO’s shares gained 1.14% to $26.63.
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People’s United Financial Inc. (PBCT) Maintains A Neutral Rating
Monday, January 25, 2010 - 3:11pm | 235Analysts at SunTrust Robinson Humphrey have maintained a Neutral rating for People’s United Financial Inc. (NASDAQ: PBCT). People’s United reported 4Q09 EPS of $0.07 as against analysts’ estimate of $0.09 for the same period. With the exclusion of merger related costs and $4.5 million of system...
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Peter J. Tobin Appointed Acting CEO Of CIT Group (CIT)
Wednesday, January 20, 2010 - 9:36am | 99One of the leading providers of financing to small businesses and middle market companies, CIT Group Inc. (NYSE: CIT) announced that its Board of Directors have appointed current Board member Peter J. Tobin as Acting Chief Executive Officer. Mr. Tobin replaces former CEO and Chairman Jeffrey M....
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Top Dividend Yield Stocks (NYX, NMZ, GEL, PRK)
Monday, January 18, 2010 - 1:29pm | 159According to Seekingalpha, the top three dividend yielding stocks belong to the erstwhile American Stock Exchange which was acquired by NYSE Euronext (NYSE: NYX). The top three picks are as follows: Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) has been paying monthly dividends since...
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NDAQ Refinances Credit Facility
Wednesday, January 13, 2010 - 2:41pm | 131Analysts at Susquehanna Financial maintain their "positive" rating on NASDAQ OMX Group Inc (NASDAQ: NDAQ), while reducing their estimates for the company. The target price for NDAQ is set to $22. NASDAQ OMX Group has completed the refinancing of its prior credit facility. The weighted average cost...
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CIT Group Inc (CIT) To Hire Former Merrill Lynch (BAC) Chief
Wednesday, January 13, 2010 - 1:35pm | 145CIT Group Inc (NYSE: CIT), the commercial lender that recently emerged from bankruptcy, has talked to former Merrill Lynch & Co Inc (NYSE: BAC) CEO John Thain about him taking the company's reins, according to two people familiar with the matter. A deal to hire Thain could also include Nelson...
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KKR Financial Holdings LLC to Restructure its Capital Structure (KFN)
Tuesday, January 12, 2010 - 4:42pm | 102KKR Financial Holdings LLC (NYSE: KFN), a debt fund managed by private equity firm Kohlberg Kravis Roberts & Co, wants to sell off $125 million of convertible bonds. KKR intends to do this in order to repay or repurchase its existing senior debt as it is expected to report losses in the last...
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JPMorgan Chase & Co. (JPM) Steals A March Over Citibank (C) On Dividends
Monday, January 11, 2010 - 12:48pm | 147JPMorgan Chase & Co. (NYSE: JPM) which repaid bailout funds five months before its competitors, is leading again in the next test of bank fitness: restoring dividends cut last year amid the credit crisis. Investors in the U.S. options market already are betting JPMorgan will more than double...
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January 9, 2010: Seven Ideas For 2010, So Says The Screen
Friday, January 8, 2010 - 7:51pm | 417Occasionally I will prepare a screen with parameters that bring far-fetched criteria into play to create a list of stocks for potential inclusion within my portfolio. Most stocks that turn up on this type of list are discarded. But, like my visual scanning years ago of Barrons and the Wall Street...
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Glaxo Gains Positive EU Opinion - Analyst Blog
Wednesday, January 6, 2010 - 10:15am | 520GlaxoSmithKline (GSK) recently received good news with the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) issuing a positive opinion for its oral thrombopoetin agonist, Revolade (eltrombopag). Glaxo is seeking approval for the use of Revolade as an oral treatment...
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New Research: Sentiment, Expectations, and Stat Arb
Wednesday, January 6, 2010 - 6:38am | 555Some interesting articles have been added to the forthcoming list at Quantitative Finance. Cites and abstracts are below, with links to preprints where available. I don’t have time to add commentary at the moment, but am happy to answer questions in the comments section. Abel Rodriguez &...
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Nasdaq Market Site Evacuated
Wednesday, December 30, 2009 - 1:40pm | 34The Nasdaq Market Site (Nasdaq: NDAQ) in Time Square was evacuated earlier today as a suspicious van has been parked outsite the building for over 24 hours.
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Top 5 Small-Cap NASDAQ Stocks with Highest ROA (LPHI, CHKE, PDLI, YONG, CPSI)
Thursday, December 24, 2009 - 8:26am | 191Below are the top 5 small-cap stocks on the NASDAQ in terms of highest return on assets. The return on assets for Life Partners Holdings Inc (NASDAQ: LPHI) is 53.72%. LPHI’s market capitalization is $330.89 million. LPHI’s shares have fallen by 25.87% over the past 52 weeks, as compared to a 29.08...