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MGIC Investment Conferred An “Overweight” Rating (MTG)
Wednesday, May 19, 2010 - 5:47pm | 113MGIC Investment Corp. (NYSE: MTG) has received a rating upgrade to “Overweight” at Piper Jaffray. The equity research firm has stated that with the recent decline in the company’s stock price, and despite the continued uncertainty around credit and the housing market, MTG stock is now an attractive...
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Piper Jaffray Reiterates Overweight Rating on MGIC Investment Corp. (MTG)
Wednesday, May 19, 2010 - 11:44am | 139Piper Jaffray analysts released a report on MGIC Investment Corp. (NYSE: MTG) today. They wrote that "with the recent decline in shares of MTG, and despite the continued uncertainty around credit and the housing market, we believe that shares of MTG now appear attractive and ripe for a reversal of...
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Euro Weakness Continues 05-17-2010
Monday, May 17, 2010 - 3:10pm | 777Cusick’s Corner We need to build off of Friday’s discussion of the Euro. The viability of this currency is being tested (though not formally) in the market action this morning. The Euro is busting through the 1.235 level and making lows we have not seen in years. What is potentially more...
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Stocks That Crossed 52-Week Highs (DTPI, LTRX, LPSB, OLBK)
Monday, May 17, 2010 - 2:24pm | 204Diamond Management & Technology Consultants Inc (NASDAQ: DTPI) crossed its earlier 52-week high of $9.90 and created a new 52-week high of $9.93. DTPI’s March quarter earnings were 160% higher than anticipated. Lantronix Inc (NASDAQ: LTRX) was another stock that made a new 52-week high at $4.79...
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Mid-Day Market Movers (IFLG, GLG, VRAD, IFSB)
Monday, May 17, 2010 - 2:21pm | 165InfoLogix Inc (NASDAQ: IFLG) soared 71.58% to $11.42 by 1:32 pm. Samsung, the leading mobile phone provider in the US and IFLG have announced their plans to collaborate on delivering mobile managed services to customers throughout North America. GLG Partners Inc (NYSE: GLG) climbed 49.31% to $4.34...
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5-17-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Monday, May 17, 2010 - 11:08am | 2011Stocks slide as Euro hits 4-year low on ongoing economic concerns Stocks are lower in early trading even as investors remain cautious about the health of Europe’s economy. Stocks are moving slightly lower Monday after the euro bounced off the four-year low it hit earlier in the day. Investors are...
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Heavy Put Buying in Fannie Mae
Friday, May 14, 2010 - 11:35am | 119Shares of Fannie Mae (NYSE: FNM) are flat on the session, currently trading $1.03, but one trader is betting that the stock will not stay there for long. They are buying the September $1 put heavily today; a single block of 13,921 contracts was purchased on the offer for $0.23 a short while ago....
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5-13-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, May 13, 2010 - 11:55am | 2624Stocks are flat after a report showed improvement in the labor market remains tepid Major indexes had rallied sharply Wednesday as traders returned their focus to the domestic economy as worries about debt problems in Europe began to ease. But Thursday’s unemployment claims report was disappointing...
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Gainers In Early Trading (STV, DRL, SKH)
Wednesday, May 12, 2010 - 10:23am | 122China Digital TV Holding Co., Ltd. (NYSE: STV) is up by 13.31% to $7.15 in early trading. On Tuesday, the company reported its unaudited first-quarter results. It reported first-quarter revenue of $14 million, which was at the high-end of the company’s prior guidance range. Doral Financial Corp. (...
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3 Penny Stocks To Avoid
Wednesday, May 12, 2010 - 3:13am | 476Why would anyone buy shares of Fannie Mae (FNM)? The stock currently trades for just over $1 a share. I have no idea where that value comes from because Fannie has a $1 billion dollar market cap and an enterprise value over $620 billion dollars. The “good news” for Fannie Mae is that the troubled...
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3 Penny Stocks To Avoid
Wednesday, May 12, 2010 - 3:13am | 476Why would anyone buy shares of Fannie Mae (FNM)? The stock currently trades for just over $1 a share. I have no idea where that value comes from because Fannie has a $1 billion dollar market cap and an enterprise value over $620 billion dollars. The “good news” for Fannie Mae is that the troubled...
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Republicans Want To End Federal Control Of Fannie Mae And Freddie Mac (FNM, FRE)
Tuesday, May 11, 2010 - 2:04pm | 275On Monday, the Senate resumed the debate on legislation to overhaul financial regulation. According to the Washington Post, the Republican Senators are now pushing for an amendment that will wind down the government-controlled mortgage finance giants Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE:...
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Stock Market News for May 11, 2010 - Market News
Tuesday, May 11, 2010 - 9:16am | 558Stock index futures fell in the US on Tuesday, the day after the S&P 500 surged the most in more than a year. Investors were concerned that the almost $1 trillion emergency lending package for European countries will hamper growth. The sharp rally on Monday was attributed to the $1 trillion...
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Fannie Mae (FNM) Asks For More Aid
Monday, May 10, 2010 - 2:53pm | 86Fannie Mae (NYSE: FNM) has approached the US Treasury for an additional aid of $15.3 billion. This has come after Fannie Mae declared a loss of $13.1 billion in its first quarter of 2010. Fannie Mae expects the housing sector to be weak and default rates to be higher. Also, with high credit costs...
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Stocks That Crossed 52-Week Highs (CLFC, CPII, FFHS, MOFG, PKBK)
Monday, May 10, 2010 - 2:05pm | 208Center Financial Corp (NASDAQ: CLFC) crossed its earlier 52-week high of $6.87 and created a new 52-week high of $6.90. CLFC’s EPS for the March quarter was 145.50% better than expected. CPI International Inc (NASDAQ: CPII) was another stock that made a new 52-week high at $15.75, breaking its...