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Puts Purchased on Astoria Financial (AF)
Tuesday, August 10, 2010 - 2:49pm | 100Shares of Astoria Financial Corp. (NYSE: AF) are lower on the session by 1.90%, currently trading at $12.88. The stock has been moving largely lower over the past four months, off from recent highs near $17.50. Options traders are buying protection on the name today. The October $12.50 put was...
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KBW Lowers Citizens South Banking Earnings Estimates (CSBC)
Tuesday, August 10, 2010 - 1:06pm | 125Keefe, Bruyette & Woods Inc. lowered its FY10 and FY11 earnings estimates for Citizens South Banking Corp. (NASDAQ: CSBC) today. KBW maintained its Market Perform rating on the stock. Keefe, Bruyette & Woods "advocate a market weight position on the regional banks. While fundamentals remain...
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Mid-Day Market Movers (RMX, CCBP, AAU, BYFC)
Tuesday, August 10, 2010 - 10:52am | 118Ready Mix Inc (AMEX: RMX) jumped 74.28% to $3.59 by 10:28 am. RMX has announced special cash dividend. Comm Bancorp, Inc (NASDAQ: CCBP) shares surged 50.19% to $38.75. CCBP is being bought by FNB Corp in a $70 million deal . Almaden Minerals Corporation (AMEX: AAU) shares advanced 27.83% to $1.47...
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Piper Jaffray Maintains Overweight On MGIC Investment (MTG)
Monday, August 9, 2010 - 8:07am | 151Piper Jaffray is maintaining its Overweight rating and $11 price target on shares of MGIC Investment Corp. (NYSE: MTG) after the insurance company reported July operating results. In the research report Piper Jaffray states, "MGIC released its monthly operating statistics surrounding delinquency...
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FBR Capital Ups TFS Financial To Outperform (TFSL)
Friday, August 6, 2010 - 9:11am | 30FBR Capital is upgrading shares of TFS Financial (NASDAQ: TFSL) to Outperform from Market Perform. Shares of TFS Financial closed at $10.05 yesterday.
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Back-to-School Spending 08-05-2010
Thursday, August 5, 2010 - 6:31pm | 897Cusick's Corner Trading volume was light today. Many market participants were on the sidelines, waiting for Friday’s nonfarm payrolls report that comes out premarket at 8:30am ET. Most economists are predicting that the unemployment rate will rise to 9.6% from June’s 9.5%. (To access the...
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Calls Purchased on MGIC Investment Corp. (MTG)
Thursday, August 5, 2010 - 12:52pm | 137Shares of MGIC Investment Corp. (NYSE: MTG) are higher on the session by 6.25%, currently trading at $8.84. The stock has been moving largely lower over the past four months, off from recent highs near $13.25. Options traders are betting that the stock is near a short-term bottom and are buying...
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Ocwen Misses Estimate, Profit Falls - Analyst Blog
Wednesday, August 4, 2010 - 3:29pm | 898Ocwen Financial Corporation (OCN) reported second quarter 2010 earnings per share of 15 cents, substantially lower than the Zacks Consensus Estimate of 23 cents. This also compares unfavorably with the earnings of 26 cents recorded in the year-ago quarter. Results in the quarter suffered due to...
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Lower Provision Helped ABBC Beat Expectations
Tuesday, August 3, 2010 - 2:04pm | 106Analysts at Keefe Bruyette reiterate their "outperform" rating on Abington Bancorp, Inc (NASDAQ: ABBC), while raising their estimates for the company. The target price for ABBC is set to $12. Abington Bancorp reported its earnings for the quarter ahead of the estimates by $0.04 and the consensus by...
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Calls Purchased on Ocwen Financial (OCN)
Tuesday, August 3, 2010 - 11:55am | 129Shares of Ocwen Financial Corp. (NYSE: OCN) are lower on the session by 6.89%, currently trading at $10.00. The stock has been moving largely lower over the past three months and has recently tested and failed to regain the 50-day moving average. Options traders are buying call on the name today....
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KBW Reiterates Outperform for Abington Bancorp After Strong 2Q (ABBC)
Tuesday, August 3, 2010 - 9:30am | 107Abington Bancrop (NASDAQ: ABBC) had a strong 2nd quarter. The company posted an EPS of $0.10, beating Street estimates by $0.02. KBW analysts Damon DelMonte and Timur Braziler said, "A strong quarter for ABBC as earnings of $0.10/share topped Street estimates by $0.02 and KBW estimates by $0.04....
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PMI Group's 2Q Plummets - Analyst Blog
Monday, August 2, 2010 - 6:03pm | 568PMI Group Incorporation (PMI) reported second-quarter net loss from continuing operations of $1.11 per share, much wider than the Zacks Consensus Estimate of a loss of 65 cents per share. However, the reported quarter loss was narrower than the loss of $2.71 per share in second-quarter 2009. Losses...
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Stock Index Futures Soaring (SPX, DJIA, RIMM)
Monday, August 2, 2010 - 9:05am | 207Stock index futures are soaring this morning after impressive earnings out of Europe and a better-than-expected manufacturing reading out of China. Europe's HSBC (NYSE: HBC) gained more than 5% in pre-market trading after Europe's biggest bank reported a profit that came in ahead of expectations....
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Mid-Day Market Movers (MCBC, PWER, TRID, TSBK)
Friday, July 30, 2010 - 10:56am | 132Macatawa Bank Corporation (NYSE: MCBC) jumped 40.91% to $2.17 by 10:41 am. MCBC swung to profits in Q2 and its net interest margin expanded for the sixth consecutive quarter. Power-One (NYSE: PWER) shares surged 26.20% to $12.54. PWER’s second quarter earnings and revenue beat the Street view....
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Stocks Going Ex Dividend the First Week of August
Thursday, July 29, 2010 - 2:42pm | 661Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...