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CIT Group (CIT) Enters into Restructuring Plan With Carl Icahn
Friday, October 30, 2009 - 1:21pm | 156CIT (NYSE: CIT) confirms that it enters into restructuring agreement w/ Icahn Capital. CIT can have access to the $1B line of credit, helps liquidity. CIT Group Inc. announced that it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1...
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CIT Group Moved Up Slightly Before Trading Was Halted
Friday, October 30, 2009 - 1:16pm | 44CIT Group (NYSE: CIT) has been halted after the Journal reported that CIT and Carl Icahn reach a tentative agreement after Icahn was unsuccessful with his tender offer. Icahn to provide a $1 billion back up credit line to CIT.
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New 52-Week High Stocks (EL, MXB, BARE, AXTI, HAR)
Friday, October 30, 2009 - 11:32am | 213The Estee Lauder Companies Inc. (NYSE: EL) hits a new 52-week high at $45.44 in today’s morning trade. Currently the stock is trading at $44.30, up 7.68% after it eported first quarter net earnings of $0.71 per share MSCI Inc. (NYSE: MXB) soared 4.31% to $30.50. Today KDN has made a new 52-week at...
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Top 5 NASDAQ Stocks with Best ROE (APOL, LPHI, CBST)
Friday, October 30, 2009 - 7:47am | 162Below are interesting stocks on the NASDAQ with best ROE. Apollo Group Inc (NASDAQ: APOL) has a PEG ratio of 0.74 and return on equity of about 90.49%. RBC RBC Capital Markets initiated coverage of APOL with a “sector perform” rating. Life Partners Holdings Inc (NASDAQ: LPHI) has a PEG ratio of 0....
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5 Stocks with Highest ROA and low PEG (LPHI, ESI, PDLI)
Friday, October 30, 2009 - 7:28am | 212Below are interesting stocks on the NYSE and NASDAQ with the highest ROA. Life Partners Holdings Inc (NASDAQ: LPHI) has a return of asset of 54.74% and a PEG ratio of 0.64. LPHI shares have declined by 45.33% over the past 52 weeks. ITT Educational Services Inc (NYSE: ESI) has a return of asset of...
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CIT Group's (CIT) Financing Facility Has Been Reduced To $2.125B From $3B
Friday, October 30, 2009 - 6:13am | 196CIT Group Inc. (NYSE: CIT) has reached an agreement to amend its $3 billion securities-based financing facility with Goldman Sachs (NYSE: GS). Pursuant to the amendment, the commitment amount of the GSI Facility has been reduced to $2.125 billion, effectively eliminating the currently unused...
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Moody’s Corp (NYSE:MCO) Set to Bounce Off 200 Day M.A.?
Thursday, October 29, 2009 - 1:47pm | 77Moody’s Corp (MCO) shares decline has stopped cold right at their 200 day moving average. Open interest data activity and technical analysis suggest that MCO is about to begin a major uptrend. Trading at $24.39 MCO could go as high as $30 in today’s market environment.This stock has less...
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CIT Group Bankruptcy Likely Inevitable
Thursday, October 29, 2009 - 10:16am | 202A bankruptcy from CIT Group (NYSE: CIT) is likely inevitable as bonds and swaps expire worthless. CIT Group is trading up 2.83% to $1.09. Since CIT CEO Jeffrey Peek started a $30 billion debt swap Oct. 1, the company’s notes due Nov. 3 have dropped 13 cents to 67 cents on the dollar, according to...
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CME Group Inc. Reports Q3 Results of $3.35, Beating Street View By $0.06
Thursday, October 29, 2009 - 7:14am | 35CME Group Inc. (CME) reports Q3 earnings of $3.35 vs Street view of $3.29. CME Group reports Q3 revenue of $650 million vs Street view of $651 million. CME Group closed down 2.68% yesterday to $308.02.
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Fast Money Recommendations For Thursday (PTR, QCOM, NDAQ, MOT)
Wednesday, October 28, 2009 - 7:14pm | 96CNBC's Fast Money Tim Seymour believes that investors should sell PetroChina (NYSE: PTR) tomorrow. PTR fell today 5.52% on the bad earnings results. Joe Terranova likes Qualcomm (NASDAQ: QCOM), and Karen Finerman is keen on Nasdaq (NASDAQ: NDAQ) because of its attractive P/E. QCOM gained 1.54%...
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CIT Group Receives $4.5 Billion To Fund Restructuring (CIT)
Wednesday, October 28, 2009 - 2:27pm | 106CIT Group (NYSE: CIT) announced that they have received a $4.5 billion loan from investors and creditors. The purpose of the loan was to avoid bankruptcy through restructuring their operations while reducing their debt. Prior to this loan, CIT has already received a $3 billion loan last summer...
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CIT Obtains An Additional $4.5B In Financing, Comments on Icahn
Wednesday, October 28, 2009 - 1:14pm | 225CIT (NYSE: CIT) obtains an additional $4.5 billion in financing. CIT has expanded its current $3 billion senior secured credit facility by an additional $4.5 billion. The new $4.5 billion tranche, which is being provided by a diverse group of lenders, including many of the Company’s bondholders,...
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5 Stocks with Lowest P/B ratio and high growth estimates (CT, CIT, RAS)
Wednesday, October 28, 2009 - 11:12am | 190Below are interesting stocks on the NASDAQ and NYSE with the lowest price to book ratio and high sales growth estimates. Capital Trust Inc (NYSE: CT) has a price to book ratio of 0.137. The sales growth estimate for this quarter is 83.7%. CT shares have slipped by 59.28% over the past 52 weeks. CIT...
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MarketAxess (MKTX) Reports 2009 Q3 Earnings of $0.12
Wednesday, October 28, 2009 - 7:41am | 221MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, today announced results for the third quarter ended September 30, 2009. Total revenues...
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Stocks Expected To Pop (MU, SLM, MCO, CEPH, GNW, MI, CMCSA, WLP, GME, WFR, STT, NOVL, PTV, AMGN)
Tuesday, October 27, 2009 - 2:34pm | 241According CNBC.com, their analysts looked at Analyst Price Targets for S&P500 companies in September and identified the top 20 companies. Among these companies, 6 of the top 10 are already showing promising results. On that list, Micron Technology (NYSE: MU) has the widest price range of $4.00...