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Stocks to Watch for 6/14/11: Fresh 52-Week Highs and Lows
Tuesday, June 14, 2011 - 4:15am | 2234The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...
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Top 4 Mid-Cap Stocks In The Savings & Loans Industry With The Highest Dividend Yield
Tuesday, June 14, 2011 - 2:24am | 127Below are the top mid-cap savings & loans stocks on the NYSE and the NASDAQ in terms of dividend yield. New York Community Bancorp Inc (NYSE: NYB) has a dividend yield of 6.50%. NYB's shares closed at $15.59 yesterday. People's United Financial Inc (NASDAQ: PBCT) has a dividend yield of 4.90...
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S&P Financial Sector Update 6/10/11
Friday, June 10, 2011 - 1:06pm | 508The Financial Sector has been the weakest performing area of the market in today's trading session, currently 1.5% lower on the day. The worst performing stocks in the S&P Financial Sector currently are: 1) Genworth Financial (NYSE: GNW): Shares of Genworth are currently trading down 3.9%...
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Wunderlich Securities Reiterates Buy Rating and PT on FPTB
Thursday, June 9, 2011 - 7:50am | 98According to a recent report, Wunderlich Securities reiterates a Buy rating and a $20.00 price target on First PacTrust Bancorp (NASDAQ: FPTB) after the company announced its first acquisition of Gateway Bancorp. Gateway Bancorp is being acquired for approximately $17 million and Wunderlich...
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Oppenheimer Provides Color on Midwest Regional Banks
Thursday, June 9, 2011 - 7:08am | 196Oppenheimer provided color on Midwest regional banks. In a research report published today, Oppenheimer named the top performers. The report states, "The five best-performing Midwest bank stocks year-to-date are Independent Bancorp (IBCP), Princeton National Bancorp (PNBC), Bank of Kentucky (BKYF...
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Wunderlich Reiterates Buy and PT of $20 on First PacTrust Bancorp
Thursday, June 9, 2011 - 6:06am | 125Wunderlich Securities reiterated its Buy rating on First PacTrust Bancorp (NASDAQ: FPTB). At the same time, Wunderlich left its price target on the company's stock unchanged at $20. In a research report published today, Wunderlich stressed the company's new acquisition as the reason for its...
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Stocks to Watch: Fresh 52-Week Highs and Lows
Thursday, June 9, 2011 - 4:33am | 823The following stocks hit new 52-week highs in Wednesday's trading session: 1) 8x8 (NASDAQ: EGHT): Shares of 8x8 hit a 52-week high of $3.97 in Wednesday's session. The stock was heavily sold into, however, finishing 7.7% lower on the day at $3.48. The year-to-date performance of 8x8 is a gain of...
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MGIC Falls After Monthly Release, Leading Move Lower for Mortgage Insurers
Wednesday, June 8, 2011 - 1:27pm | 108Mortgage Insurers are dropping sharply on news that MGIC Investment Corp. (NYSE: MTG) released horrible monthly operating statistics. MGIC said that there was an increase in newly delinquent loans. Names like PMI Group (NYSE: PMI), MBIA (NYSE: MBI) and Radian Group Inc. (NYSE: RDN) are all...
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Options Brief: MGIC Investment Corporation
Wednesday, June 8, 2011 - 12:08pm | 74Shares of MGIC Investment Corporation (NYSE: MTG) are lower on the session by 12.10%, trading at $6.39. Overall put volume is now running at 6.12x the daily average, with 71% of all puts traded being purchases on the offer. 11,188 contracts have traded on the session so far. MGIC Investment...
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Dahlman Rose Comments On Exeter Resource
Tuesday, June 7, 2011 - 4:51pm | 96Dahlman Rose provided color on Exeter Resource (OTC: XRA) in a research report published today. Dahlman Rose has previously given Exeter Resource a Buy rating. In the report, Dahlman Rose states, "Exeter announced the prefeasibility study (PFS) results for a standalone oxide gold mine scenario at...
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PMI Group and RadioShack Hit 52-Week Lows
Tuesday, June 7, 2011 - 4:07pm | 200Today, PMI Group (NYSE: PMI) and RadioShack (NYSE: RSH) fell to new 52-week lows of $1.18 and $13.27 per share, respectively. PMI Group was just initiated with a Negative rating at Susquehanna. The company has a market cap of $194.7 million and is one of the largest providers of mortgage insurance...
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Morning Market Losers
Tuesday, June 7, 2011 - 9:57am | 109The Talbots Inc (NYSE: TLB) shares moved down 31.90% to $3.01 at 9:55 am. TLB swung to Q1 profit, but reported that Q2 sales are weak. First Financial Service Corporation (NASDAQ: FFKY) dipped 19.21% to $2.86. FFKY's trailing-twelve-month profit margin is -50.19%. Pep Boys-Manny, Moe & Jack...
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Keefe, Bruyette & Woods Provides Color on OCN Acquisition
Tuesday, June 7, 2011 - 7:15am | 85According to a recent report from Keefe, Bruyette & Woods, Ocwen Financial (NYSE: OCN) announced the acquisition of Litton from Goldman Sachs yesterday morning. Although Keefe, Bruyette & Woods are leaving estimates unchanged including a $13.00 price target, the company expects $0.35-$0.40...
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Exelixis' Cabozantinib Phase 2 Data Demonstrate Encouraging Clinical Activity in Patients with Metastatic Castration-Resistant Prostate Cancer
Monday, June 6, 2011 - 2:26pm | 291Exelixis, Inc. (NASDAQ: EXEL) today reported updated interim data from the fully enrolled cohort of patients with metastatic castration-resistant prostate cancer (CRPC) treated with cabozantinib (XL184) in a phase 2 adaptive randomized discontinuation trial (RDT). The data provide additional...
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UPDATE: Goldman Sachs to Sell Litton Loan Servicing to Ocwen Financial for $264M
Monday, June 6, 2011 - 10:11am | 96The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has agreed to sell Litton Loan Servicing to Ocwen Financial Corporation (NYSE: OCN) for approximately $264 million. The sale price does not reflect certain assets that Goldman Sachs will retain. Goldman Sachs does not expect the...