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Call Volume Grows on Radian Group (RDN)
Tuesday, June 15, 2010 - 2:26pm | 123Shares of Radian Group Inc. (NYSE: RDN) are higher on the session by 8.34%, currently trading at $10.00. The stock fell hard in May and the stock has been basing sideways ever since. Options volume is favoring the call side today, though action is quite mixed. The August $10 and $12.50 calls have...
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Celgene Presents Revlimid Data - Analyst Blog
Monday, June 14, 2010 - 3:15pm | 487Recently, Celgene Corp. (CELG) announced positive results from the planned second interim analysis of a late-stage study (n=459) of continuous Revlimid (lenalidomide) for treating patients, aged 65 or more, suffering from newly diagnosed multiple myeloma. The data, presented during the European...
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BMY Halts Study on Positive Signal - Analyst Blog
Monday, June 14, 2010 - 9:12am | 533Recently, Bristol-Myers Squibb Co. (BMY) and partner Pfizer Inc. (PFE) announced that a late-stage study evaluating their anti-clotting drug apixaban in patients with atrial fibrillation will be stopped. The two companies agreed to develop and commercialize apixaban via an agreement signed in 2007...
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Positive Results for Celgene's Revlimid (CELG)
Monday, June 14, 2010 - 8:28am | 92Updated results from Celgene's (NASDAQ: CELG) MM-015 study reaffirmed Revlimid's efficacy in improving progression free survival (PFS). The analysts said, "We believe that the data will support US and EU filing in front line MM. While US approval will likely have limited impact, as Revlimid is...
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Jefferies Ups OCN To Buy
Monday, June 14, 2010 - 6:43am | 51Analysts at Jefferies & Co upgrade Ocwen Financial Corporation (NYSE: OCN) from "hold" to "buy." The target price for OCN is set to $13. OCN’s shares fell 0.29% to close at $10.40 on Friday. More Analyst Ratings here
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Deflation? Try a Tale of Two Inflations
Sunday, June 13, 2010 - 8:46pm | 1610By Dian L. Chu, Economic Forecasts & Opinions The crisis in Europe is causing concerns about deflation in the U.S. and other developed economies after weeks of financial-market turmoil. The fears are most pronounced in Europe, where a combination of spending cuts and tax increases could...
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Top 5 Small-Cap NASDAQ Stocks In The Financial Sector With The Highest Sales Growth Estimate Next Quarter (ABBC, MAIN, PMBC, UBSH, FFBC)
Thursday, June 10, 2010 - 7:37am | 195Below are the top 5 small-cap financial stocks on the NASDAQ in terms of sales growth estimates. The sales of Abington Bancorp Inc (NASDAQ: ABBC) are expected to jump by 184.8% in the next quarter. ABBC’s March quarter earnings were 260% higher than anticipated. The sales of Main Street Capital...
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Louisiana Bancorp, Inc. Announces Stock Repurchase Program (LABC)
Monday, June 7, 2010 - 4:09pm | 224Louisiana Bancorp, Inc. (Nasdaq: LABC), the holding company for Bank of New Orleans, announced today that it will complete its previously announced seventh stock repurchase program within the week and that it will initiate an eighth stock repurchase program to acquire up to 5%, or 222,926 shares of...
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BankAtlantic Bancorp, Inc. Announces Proposed Rights Offering (BBX)
Wednesday, June 2, 2010 - 3:22pm | 527BankAtlantic Bancorp, Inc. (NYSE: BBX) today announced that it intends to pursue a rights offering for up to $25 million of its Class A Common Stock. A record date of June 14, 2010 has been set for the proposed rights offering. Upon commencement of the rights offering, BankAtlantic Bancorp will...
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Ocwen to Perform Well: Receives ‘Outperform’ Rating At KBW (OCN, BCS)
Wednesday, June 2, 2010 - 2:25pm | 156Ocwen Financial (NYSE: OCN) is a mortgage loan servicer specializing in servicing subprime loans. Ocwen (OCN) is headquartered in West Palm Beach, Florida but most of its operations are located abroad, primarily in India. Ocwen recently acquired Barclays’ (NYSE: BCS) US mortgage servicing business...
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Stocks That Crossed 52-Week Highs (CEBK, GSAT, EVVV, BOOT)
Tuesday, June 1, 2010 - 2:06pm | 200Central Bancorp Inc (NASDAQ: CEBK) crossed its earlier 52-week high of $11.50 and created a new 52-week high of $11.51, up 0.09% at 1:04 pm. CEBK is the holding company of Central Co-operative Bank, which provides commercial banking services in the northwestern suburbs of Boston, Massachusetts....
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Keefe, Bruyette & Woods Reiterates Outperform Rating On Ocwen Fincancial (OCN)
Tuesday, June 1, 2010 - 11:44am | 126Analysts at Keefe, Bruyette & Woods reiterated their Outperform rating on shares of Ocwen Financial Corp (NYSE: OCN) today. The firm has a $14.00 price target on the stock. On Friday, Barclays (NYSE: BCS) announced the sale of its US mortgage servicing business to Ocwen (OCN) for $1.3 billion...
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6-1-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Tuesday, June 1, 2010 - 11:20am | 2388Stocks turn positive after U.S. manufacturing grew more than expected in May U.S. stocks pared losses and the Dow and the Nasdaq turned positive on Tuesday after a report showed U.S. manufacturing grew more than expected in May. A slowdown in manufacturing in China also worried investors. U.S....
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Top 5 Stocks In The Mortgage Investment Industry With The Highest Sales (NLY, MFA, DRL, HTS, ANH)
Tuesday, June 1, 2010 - 7:11am | 171Below are the top 5 mortgage investment stocks on the NASDAQ and the NYSE in terms of sales. The trailing-twelve-month sales of Annaly Capital Management Inc (NYSE: NLY) stand at $2.07 billion. NLY’s trailing-twelve-month operating margins amount to 93.14%. The trailing-twelve-month sales of MFA...
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Top 5 Stocks In The Savings And Loans Industry With The Highest Sales Growth Estimate This Quarter (EBSB, FNFG, DNBK, NYB, COLB)
Tuesday, June 1, 2010 - 6:50am | 202Below are the top 5 savings and loans stocks on the NASDAQ and the NYSE in terms of sales growth estimates. The sales of Meridian Interstate Bancorp Inc (NASDAQ: EBSB) are expected to grow by 86.6% in the current quarter. EBSB’s quarterly revenue grew by 93.90% year-over-year. The sales of First...