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Value Plays Among the Thrift Stocks
Wednesday, June 23, 2010 - 9:20am | 308NEW YORK (TheStreet) -- An annual ranking of thrift holding companies features a number of thinly-traded names, but digging a bit further into the data reveals plenty of respectable value plays. Malaga Financial (OTC: MLGF) of Palos Verdes Estates, Calif., came in as the top performer in SNL...
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The US Financial Sector Rallying On The Back Of China’s Decision On Yuan
Monday, June 21, 2010 - 3:50pm | 478Monica Gerson Financial stocks are soaring today, led by China’s decision to strengthen the yuan against the US dollar. The world’s third largest economy supported its exports by artificially weakening its currency for about two years. A rally was witnessed in riskier assets at the start of the...
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Puts Purchased on Radian Group (RDN)
Friday, June 18, 2010 - 1:03pm | 131Shares of Radian Group Inc. (NYSE: RDN) are lower on the session by 1.48%, currently trading at $9.30. The stock has been drifting lower since a hard sell off in May. It appears that options traders are still worried about the stock. While the June $10 strike was sold 2,000 times to close this...
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Mid-Day Market Movers (ADG, IFLG, MFLR, WGO)
Thursday, June 17, 2010 - 1:35pm | 175The Allied Defense Group Inc (AMEX: ADG) soared 25.35% to $2.72 by 10:05 am. ADG said that the special meeting of stockholders, where the decision to approve the company’s merger with Chemring Group Plc will take place, has been adjourned till June 30. InfoLogix Inc (NASDAQ: IFLG) climbed 20.42% to...
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Mad Money Lightning Round: Cramer Has A Bearish Stance On First Solar
Thursday, June 17, 2010 - 8:16am | 271In his "Mad Money Lightning Round" on Wednesday, Jim said that as long as oil prices rise, prices of solar stocks will also advance. However, he had a bearish view of First Solar (NASDAQ: FSLR) and advised traders against investing in the stock. FSLR jumped 1.28%,to $118.77 yesterday. For Goldman...
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Quad Witches Brew 06-16-2010
Wednesday, June 16, 2010 - 6:45pm | 817Cusick’s Corner The market held its ground into the close in the face of the EU’s continued debt concerns (Spain and Portugal) and the quickly approaching “quad witching”. With the amount of data due out over the next couple of days, CPI and Claims out in the pre-market, it is best to keep your...
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AtriCure's Portfolio Strengthened - Analyst Blog
Wednesday, June 16, 2010 - 4:34pm | 367Recently, AtriCure (ATRC) has received a clearance from the US Food and Drug Administration (FDA) for its AtriClip Gillinov-Cosgrove Left Atrial Appendage Exclusion system. The system has been developed for use during surgery treating atrial fibrillation (AF), where the upper chambers of the heart...
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The Market Is Fighting To Remain Positive
Wednesday, June 16, 2010 - 3:33pm | 144The market is trying to remain in positive territory heading into the last half hour of trading. The Dow Jones has see sawed between negative and positive territory all day. The market has had to digest a lot of negative news today. There was the dividend suspension at BP (BP). The New York Stock...
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As the Euro Goes -- So Goes... 06-16-2010
Wednesday, June 16, 2010 - 3:18pm | 718Cusick’s Corner The market is again still above support and confirming the uptrend. With all the major indices breaking through the 200-Day Moving Average, additionally there’s leadership from multiple sectors, the market looks poised to challenge the upside. The Euro has also been able to mount a...
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$145 Billion Dollar Penny Stocks
Wednesday, June 16, 2010 - 2:56pm | 161I have been saying for some time now that Freddie Mac (FRE) and Fannie Mae (FNM) are worthless organizations. Both government sponsored organizations have massive debt loads that they can never hope to repay. The two firms have a combined market cap of just $1.1 billion dollars. The government owns...
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$145 Billion Dollar Penny Stocks
Wednesday, June 16, 2010 - 2:56pm | 161I have been saying for some time now that Freddie Mac (FRE) and Fannie Mae (FNM) are worthless organizations. Both government sponsored organizations have massive debt loads that they can never hope to repay. The two firms have a combined market cap of just $1.1 billion dollars. The government owns...
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US Financial Sector Lose Steam Today, As FHFA Delists FNM and FRE From NYSE
Wednesday, June 16, 2010 - 2:28pm | 263Financial stocks gave up prior session’s gains, as the broader market receded today on mixed news regarding the recovery of the US economy. Concerns over the health of certain European economies also added to the downturn. The tracker of the S&P’s financial firms, the Financial Select Sector...
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Setback for Onyx, Bayer - Analyst Blog
Wednesday, June 16, 2010 - 8:34am | 507Recently, Onyx Pharmaceuticals Inc. (ONXX) announced that its lung cancer candidate Nexavar (sorafenib) failed to prolong the overall survival in patients suffering from advanced non-squamous non-small cell lung cancer (NSCLC) in a late stage study. Onyx is co-developing Nexavar with German...
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FHFA Directs Delisting of Fannie Mae and Freddie Mac (FNM, FRE)
Wednesday, June 16, 2010 - 8:15am | 55FHFA directs delisting of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Freddie Mac has notified the NYSE of its intention to delist by July 8th. Fannie Mae closed below a $1 yesterday and Freddie Mac closed just above $1.20.
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Stocks To Watch For June 16 (FDX, CFI, RDN, CCE)
Wednesday, June 16, 2010 - 5:37am | 177Some of the stocks that may grab investor focus today are: Analysts are expecting FedEx (NYSE: FDX) to have earned $1.31 per share in the fourth quarter. FDX’s shares gained 0.13% to $83.12 in after hours trading. Wall Street expects Culp (NYSE: CFI) to post its Q4 EPS at $0.25. CFI’s shares moved...