-
Barron’s: Stock Market In Rare Mode Of Being Tired And Excited
Monday, March 15, 2010 - 11:28am | 221According to an article on Barron’s by Michael Santoli, the US stock market is in a rare mode of being tired and excited simultaneously. The Standard & Poor's 500 index, which has gained roughly 5% in just over five weeks and has attained its January highs, seems to be losing its buying power....
-
Stock Market News for March 15, 2010 - Market News
Monday, March 15, 2010 - 10:32am | 299U.S. stocks ended mixed Friday but closed higher for the second consecutive week as a better-than-expected retail sales report raised hopes for a broader economic recovery. The Dow Jones industrial average managed to stay at an 18-month high while the broader S&P 500 index and the tech-heavy...
-
Top 5 Stocks For March 12, 2010 (ANN, KIRK, ACMR, FNM, GEOY)
Friday, March 12, 2010 - 7:05am | 209Ann Taylor (NYSE: ANN) is expected to post a loss of $0.02 per share for the latest quarter when the business woman's favorite clothier reports its results before the market opens. ANN gains 0.26% to $19.50 in the after hours session. Kirkland's Inc (NASDAQ: KIRK) had forecasted its earnings for...
-
This Financial ETF Is On The Verge Of Breaking Through It’s 52-Week High
Thursday, March 11, 2010 - 6:48pm | 173“The rally in the Financial Select Sector SPDR Fund (XLF) vividly illustrates investors’ renewed love affair with beaten-down bank stocks. Traders have also been driving up shares of bailed-out financial firms such as American International Group (AIG), Fannie Mae (FNM) and Freddie Mac (FRE),” John...
-
PFS Initiated With Outperform
Thursday, March 11, 2010 - 10:50am | 51Analysts at RBC Capital Markets initiate coverage of Provident Financial Services Inc (NYSE: PFS) with an "outperform" rating. The target price for PFS is set to $14. PFS’ stock closed at $11.67 yesterday. More Analyst Ratings here
-
Mad Money Lightning Round: Jim Recommends ERTS, INCY, MNRO, CTSH, GST, CREE, GLW, NFLX
Thursday, March 11, 2010 - 9:07am | 425In his “Mad Money Lightning Round,” Jim Cramer said that he has been recommending Electronic Arts (NASDAQ: ERTS), which has been going strong due to its acquisition of social media game play Playfish. ERTS lost 1.02% in the after hours session. Jim said he liked Incyte (NASDAQ: INCY) as it is an...
-
Bailed-Out Financial Institutions Rally For A Second Consecutive Days (C, FRE, FNM)
Wednesday, March 10, 2010 - 7:58pm | 123Shares of financial institutions, which were bailed-out during the financial crisis, rallied for a second consecutive day on Wednesday. The sentiment has shifted in favor of these companies in the last few days. Chris Wang, portfolio manager at New York based hedge fund SYW Capital Management,...
-
Benzinga’s Top Upgrades (PGH, ALOG, ATEC, CTXS, RDN)
Wednesday, March 10, 2010 - 2:31pm | 244Pengrowth Energy Trust (NYSE: PGH) was upgraded by BMO Capital Markets from “market perform” to “outperform.” PGH’s shares gained 4.12% to $11.36. PGH’s shares have risen 14.72% so far this year. Read more about this company here. Needham upgraded Analogic Corporation (NASDAQ: ALOG) from “hold”...
-
RDN Benefits From Government’s Allowance
Wednesday, March 10, 2010 - 10:24am | 74Analysts at Piper Jaffray upgrade Radian (NYSE: RDN) from "underweight" to "neutral." The target price for RDN is set to $9. RDN has received allowance from the government for increasing its leverage ratio beyond the maximum ever levels. RDN believes that it will now not have to raise capital. RDN’...
-
Stock Market News for March 10, 2010 - Market News
Wednesday, March 10, 2010 - 10:23am | 453Stocks seesawed between gains and losses on the one-year anniversary of March 2009 lows, but managed to end the day slightly higher on strength in financial and telecommunication shares. Although March 2009 was exceptional when socks hit their nadir and there was panic all over, markets have since...
-
Radian Group And InterMune Upgraded Today
Wednesday, March 10, 2010 - 9:58am | 104Radian Group Inc. (NYSE: RDN) was upgraded today by Piper Jaffray from Underweight to Neutral and the price target set to $9. Radian Group is now trading at $11.49, 3.42% up in the pre-market session. RDN closed at $11.11 in the previous trading session. In the last six months, RDN has gained over...
-
Bailed-Out Financial Institution Stocks Surge (C, FRE, FNM, AIG)
Tuesday, March 9, 2010 - 9:00pm | 133Shares of financial institutions bailed-out by the U.S. government during the financial crisis surged in trading on Tuesday. Citigroup, Inc. (NYSE: C) surged by as much as 8.4% to $3.86 before closing at $3.82 in trading on Tuesday. The stock received a boost after positive comments by fund...
-
“Take a Haircut,” Says Barney Frank to Freddie and Fannie Bond Holders
Friday, March 5, 2010 - 2:16pm | 226Fannie Mac (NYSE: FNM) and Freddie Mac (NYSE: FRE) bondholders shouldn’t assume the government will make them whole on their investments as Congress retools the companies, House Financial Services Committee Chairman Barney Frank said. Representative Scott Garrett, a New Jersey Republican, is...
-
Top Stocks In the Financial Sector With The Highest Operating Cash Flows (FNM, AIG, COF, BRK-A, BAC)
Thursday, March 4, 2010 - 8:52am | 238Below are the top financial stocks on the NYSE and NASDAQ in terms of operating cash flows. Federal National Mortgage Association (NYSE: FNM) had operating cash flows of $49.95 billion in the most recent quarter. FNM’s trailing-twelve-month revenues stand at $56.91 billion. Read more about this...
-
Mortgage Applications Rise (WFC, HCBK)
Wednesday, March 3, 2010 - 8:35am | 150The Mortgage Banker's Association on Wednesday said mortgage applications rose last week, aided by lower rates. Applications to buy or refinance homes rose 14.6 percent in the week ended February 26. Purchasing applications rose 9 percent while refinancing applications rose 17.2 percent. U.S....