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Next Week: Jobs, Jobs, Jobs - Earnings Preview
Friday, March 26, 2010 - 3:18pm | 5032Earnings Preview 3/26/10 Earnings Season is winding down, but that does not mean it is over. Actually, it is about to start up again. Next week will bring 79 earnings reports, including 2 members of the S&P 500. We define the first quarter as any fiscal period ending in February, March or April...
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Market Roundup (FNM, FRE, UBFO, TM, TIVO, EBAY)
Thursday, March 25, 2010 - 2:08pm | 301Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are revolting against a White House initiative that will make it easier for homeowners to get loans to increase energy efficiency at their homes. The mortgage giants are unhappy that the new debt would be senior to the existing mortgage debt. The...
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Hudson City Bancorp Initiated With A Buy (HCBK)
Thursday, March 25, 2010 - 9:30am | 106Standpoint Research initiated Hudson City Bancorp (NASDAQ: HCBK) with a Buy rating this morning. The firm cited Hudson's conservative operation, solid credit, and capital and growth opportunities. Standpoint notes that Hudson is based in New Jersey, New York, Connecticut and Pennsylvania and is...
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Volume Talks Wednesday: A Bullish Biotech Breakout Option Play
Thursday, March 25, 2010 - 9:02am | 2954Today's breakout report is for Wednesday March 24, 2010. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to the list of stocks. To reiterate previous blog posts...
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Top Performing Industries For March 24 (PMI, BEE, PLCM, PHHM, CNTY)
Wednesday, March 24, 2010 - 3:05pm | 358At 2:23 p.m., Dow lost 38.47, or 0.35%, to 10,850.36, while the broader Standard & Poor's 500 index fell 5.48, or 0.47%, to 1,168.69. The Nasdaq composite index moved down 13.64, or 0.56%, to 2401.60. The industries that are driving the market today are: Surety & Title Insurance: The top...
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Top Narrow Based Indexes For March 24 (PMI, CAGC, BEE)
Wednesday, March 24, 2010 - 2:09pm | 256The markets were disappointing today, with the Dow Jones Industrial Average falling around 51 points to 10,837.36 and the S&P 500 slipping 6.14 points. All the three major indexes are trading in the red on investor pessimism after Fitch Ratings downgraded Portugal to AA- from AA. Some of the...
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Radian Group Inc.- RDN is Up Over 17% Today...
Wednesday, March 24, 2010 - 12:10pm | 523Nice day for RDN (NYSE), up over 17%... I've done my research on this one, and it's fast becoming one of my favorites. Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides... [[ This is a content summary only. Visit my website for full links, other content, and more...
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Stocks That Created New 52-Week Highs (LOPE, HBOS, HDSN, ITMN, INET)
Friday, March 19, 2010 - 1:58pm | 267Grand Canyon Education Inc (NASDAQ: LOPE) shares climbed to $25.45, creating a new 52-week high, before slipping to $25.33, reflecting a 1.04% gain. LOPE’s quarterly earnings growth stands at 402.30% y/y. Read more about this company here. Heritage Financial Group (NASDAQ: HBOS) shares climbed to...
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Strategists Warn About The Financial Sector As The Financial ETF Sets A New 52-Week High
Wednesday, March 17, 2010 - 6:49pm | 2087The rally in the Financial Select Sector SPDR Fund (XLF) on Wednesday means the exchange-traded fund has more than doubled in value from a year ago. The ETF set a new 52-week high of $15.97 a share on Wednesday. One year ago on March 17, 2009, the fund touched a session low of $7.87, according to...
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J.P. Morgan Maintains Human Genome Sciences (HGSI) Overweight Rating
Wednesday, March 17, 2010 - 9:34am | 203J.P. Morgan analysts Cory Kasimov and Mona Ashiya reiterated their Overweight rating for shares of Human Genome Sciences, Inc. (Nasdaq: HGSI) The two analysts believed that the failure of a recent Phase 2 non-small cell lung cancer trial would not have a significant impact on Human Genome Sciences...
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Benzinga’s Top Downgrades (CREE, PPO, UWBK, WU, EAT)
Tuesday, March 16, 2010 - 3:25pm | 242Cree Inc (NASDAQ: CREE) was downgraded by GARP Research from “buy” to “neutral.” CREE gained 1.34% to $70.64. CREE has a 52-week trading range of $21.07 - $71.75. Read more about this company here. Wedbush Morgan downgraded Polypore International Inc (NYSE: PPO) from “neutral” to “underperform.”...
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STOP-AF To Enable Medtronic (MDT) To Expand Share In AF Market
Tuesday, March 16, 2010 - 11:00am | 229According to Citi, “Strong efficacy and reasonable safety for MDT’s STOP-AF trial leads us to believe the Arctic Front remains on track for FDA approval for paroxysmal atrial fibrillation (AF) in FQ2:11. The device continues to gain share in Europe, and would become the second approved US device...
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Benzinga’s Top Pre-Market Losers (BSX, SQNM, UWBK, PSEC)
Tuesday, March 16, 2010 - 8:23am | 271Boston Scientific Corporation (NYSE: BSX) decreased 0.15% to $6.79 in the pre-market session. Boston Scientific announced yesterday that it has received Australian Therapeutic Goods Administration approval for its PROMUS Element and TAXUS Element Stent Systems, the Company's drug eluting stent (DES...
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Investors Are Turning To Small and Mid Cap ETFs In 2010
Monday, March 15, 2010 - 4:50pm | 1603“An ETF for U.S. small-cap stocks, iShares S&P Small Cap 600 Index Fund (IJR), set a fresh 52-week high on Friday and is trading at levels last seen right around Lehman Brothers filed for bankruptcy in September 2008. Small and mid-sized stocks have outpaced large-cap shares measured by the...
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Broad Directionality In Markets; Daniel Mudd
Monday, March 15, 2010 - 4:44pm | 119Daniel Mudd, CEO of Fortress Investment Group LLC (NYSE: FIG), believes that the there is a broad directionality in markets right now. Mudd gave his views on the markets in an interview with the Financial Times. Mudd, who is the former CEO of Fannie Mae (NYSE: FNM), also believes that the...