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Market Roundup (CSX, BRK.A, RIMM, SPG, GGP, BAM, FNM, FRE, POT, MOS)
Wednesday, April 14, 2010 - 2:23pm | 301CSX (NYSE: CSX) chief Michael Ward said that the purchase of Burlington Northern (NYSE: BNI) by Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) was a "brilliant" acquisition" move, as the rail industry is rebounding. Shipments have risen after declining for a couple of years and CSX, the third-...
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Short Sellers Believe The Tech Run Is Over (MU, INTC, AMAT)
Tuesday, April 13, 2010 - 7:21am | 256Many tech stocks have doubled or tripled from the March market lows. Short sellers are in many cases willing to bet that ride is not over. The short interest in Micron (NYSE: MU) rose 75 million shares to 63.3 million. Shares short in Intel (Nasdaq: INTC) were up 3.1 million to 53.4 million. The...
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Top 5 Stocks In The Surety & Title Insurance Industry With Highest Revenue Estimates (FAF, FNF, ORI, STC, MTG)
Tuesday, April 13, 2010 - 4:59am | 207Below are the top 5 surety & title insurance stocks in terms of revenue estimates. First American Corp (NYSE: FAF) is expected to generate $5.73 billion in revenues this year. Keefe Bruyette upgraded FAF from “market perform” to “outperform.” Fidelity National Financial, Inc (NYSE: FNF) is...
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Bailouts Not As Expensive As First Thought (FRE, FNM, AIG, C)
Monday, April 12, 2010 - 4:34pm | 436The Wall Street Journal reports that the bailout of shaky banks and financial markets by the U.S. government has turned out to be less expensive than it was feared. The projected cost of bailouts now looks to be a fraction of what was thought originally. The U.S. Treasury Department says that tab...
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Top Stocks of Delaware
Monday, April 12, 2010 - 2:28pm | 892The state of Delaware was the first state of the Union to ratify the Constitution on December 7, 1787. Today the state is home to some of the largest companies around the world. Delaware’s business-friendly laws and incentives make it the nation’s number one choice for incorporating a company. 1...
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Benzinga’s Top Downgrades (FFCH, GRT, EW, CASY, FCX)
Monday, April 12, 2010 - 10:36am | 204First Financial Holdings Inc (NASDAQ: FFCH) was downgraded by BB&T Capital Markets from “buy” to “hold.” FFCH’s shares have lost 1.60% to $14.13 by 10:00 am. FFCH has a 52-week trading range of $7.97-$18.49. Hilliard Lyons downgraded Glimcher Realty Trust (NYSE: GRT) from “buy” to “neutral.”...
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Top Stocks of Maine
Sunday, April 11, 2010 - 9:36pm | 795It is believed that 500 years before Columbus arrived to the new world, a Viking by the name of Leif Ericson and 30 sailors had explored what is now Maine, and even tried to settle there. Hundreds of years later, in 1820 Maine separated from Massachusetts and became the 23 state in the Union. Some...
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Fannie Mae's Ex-Chief Apologizes (FNM)
Friday, April 9, 2010 - 2:43pm | 148Former Chief Executive Officer of Fannie Mae (NYSE: FNM), Daniel Mudd, accepted responsibility for the firm’s failings. At a hearing before The Financial Crisis Inquiry Commission, he said, “I was the CEO of the company and I accept responsibility for everything that happened on my watch.” The...
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Insurer Stocks Going Strong (ABK, PMI)
Friday, April 9, 2010 - 2:40pm | 127Ambac Financial Group, Inc (NYSE: ABK) has surged 76% to $1.13 after reporting a fourth-quarter net income of $558.1 million. The company had recorded a tax benefit and unrealized gains on derivatives during the quarter. ABK, which admitted having “insufficient capital” to finance itself after the...
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Former Fannie Mae (FNM) CEO Blames Failure On Unsustainable Business Model
Friday, April 9, 2010 - 10:13am | 93Daniel Mudd, former CEO of Fannie Mae (NYSE: FNM), who was ousted by the U.S. government, has blamed the company’s unsustainable business model for its failure during the financial crisis. In a testimony to the Financial Crisis Inquiry Commission, Mudd defended the company saying, “There have been...
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Stocks That Have Crossed 52-Week Highs (GOLF, HCSG, HBOS, HBNC, WYNN)
Thursday, April 8, 2010 - 3:13pm | 216Golfsmith International Holdings, Inc (NASDAQ: GOLF) crossed its earlier 52-week high of $4.25 and created a new 52-week high of $4.38. GOLF has reopened an interactive playground for Chicagoland golfers. Healthcare Services Group, Inc (NASDAQ: HCSG) moved to $23.17 on a total volume of 66,000...
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Stocks That Have Crossed 52-Week Highs (FFHS, FKFS, GNET, HFBC, LCAPB)
Wednesday, April 7, 2010 - 3:06pm | 206First Franklin Corporation (NASDAQ: FFHS) crossed its earlier 52-week high of $9.47 and created a new 52-week high of $9.50, up 1.77%. FFHS has been threatened by Lenox Wealth Management Inc of legal action, if it refuses to cooperate with requests for company records. First Keystone Financial (...
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Financial Crisis Committee To Interrogate Citi Executives (CITI, FNM)
Wednesday, April 7, 2010 - 3:02pm | 110A group of current and former Citigroup (NYSE: CITI) employees are likely to face a tough grilling from a panel probing the financial crisis. The panel is looking into the bank’s role in proliferating risky mortgage debt through the banking system. The Financial Crisis Inquiry Commission will...
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Top Performing Industries For April 6 (HTZ, NFLX, ACFC, CLP)
Tuesday, April 6, 2010 - 2:41pm | 222At 2:01 p.m ET., Dow lost 16.86, or 0.15%, to 10,956.69, while the broader Standard & Poor's 500 index rose 0.13, or 0.1%. The Nasdaq composite index added 3.18, or 0.13%. The industries that are driving the market today are: Rental & Leasing Services: The top gainer of the day, this...
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Stocks That Have Crossed 52-Week Highs (OZRK, BIOS, BKCC, BOFI, BEXP)
Tuesday, April 6, 2010 - 2:33pm | 221Bank of the Ozarks (NASDAQ: OZRK) crossed its earlier 52-week high of $35.84 and created a new 52-week high of $36.42, up 2.53%. OZRK’s board has hiked its regular quarterly cash dividend by 7.1%. BioScrip, Inc (NASDAQ: BIOS) moved up 3.05% % to $9.11 on a total volume of 376,576 shares, as...