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Freddie Mac (FRE)To Sell $3 Billion In Bills On Monday
Friday, February 26, 2010 - 4:28pm | 93Freddie Mac (NYSE: FRE), on Friday, announced plans to sell $3 billion of reference bills on Monday. The scheduled offerings are $1.5 billion of three-month bills due June 1, 2010 to be sold Monday, and settle Tuesday, and $1.5 billion of six-month bills due Aug. 30, 2010 to be sold Monday, and...
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Market Roundup (TM, FRE, C, MOT, AAPL)
Friday, February 26, 2010 - 3:02pm | 314The former US chief of Toyota Motor (NYSE: TM) said that the company’s problems are arising from unwarranted stress on cost cutting. He said that the company’s focus shifted to profits when TM was taken over by an anti-(Toyoda) family. Freddie Mac (NYSE: FRE) said it will stop buying interest-only...
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Benzinga After Hours Gainers (ESRX, LTD, RDN)
Wednesday, February 24, 2010 - 6:09pm | 145Among the notable names that are moving higher in the after hours trading session are Express Scripts (NASDAQ: ESRX), Limited Brands (NYSE: LTD), and Radian Group (NYSE: RDN). Express Scripts (ESRX) is trading 8.51% higher after releasing a very bullish earnings report. Limited Brands (LTD) has...
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Freddie Mac (FRE) Reports Fourth-Quarter Results
Wednesday, February 24, 2010 - 11:00am | 122Freddie Mac (NYSE: FRE) has managed to narrow down its losses in the fourth-quarter of 2009, according to a report by the Wall Street Journal. The company reported a loss of $6.47 billion in the fourth-quarter, lower than the $23.85 million loss for the same period in 2008, which was largely due...
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Market Futures Slightly In The Green
Monday, February 22, 2010 - 5:41am | 166The US markets are looking to open slightly higher after the Asian markets rallied last night. The Nikkei 225 was up 2.74% and the Hang Seng was up 2.43%. Today was the first day that the Chinese market was open after it celebrated its New Years. The European markets are practically unchanged. FTSE...
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Retail in the Spotlight - Earnings Preview
Monday, February 22, 2010 - 1:00am | 4954Earnings Preview 2/19/10 Earnings Season is winding down, but that does not mean it is over. Next week will bring 570 earnings reports, including 57 members of the S&P 500. The focus will mostly be on the retailers, with such heavyweights as Home Depot (HD), Target (TGT), Lowe’s (LOW) and Macy’...
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Stocks That Created New 52-Week Lows (PTEK, SQQQ, WVFC, YRCW)
Wednesday, February 17, 2010 - 4:00pm | 233PokerTek, Inc (NASDAQ: PTEK) dropped 7.14% to $0.52 to create a new 52-week low. PTEK engages in the development, manufacture and marketing of electronic poker-related products to be used in the gaming and amusement markets. Read more about this company here. ProShares Trust (NASDAQ: SQQQ) shares...
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Market Roundup (MSFT, QTEL, BAC, TM, FNM, FRE, HUM)
Wednesday, February 17, 2010 - 3:00pm | 270Microsoft (NASDAQ: MSFT) and Qatar Telecom (NASDAQ: QTEL) have signed a strategic alliance to bring together integrated cloud-based services, software applications, mobile services and devices over QTEL’s converged network for work and entertainment purposes. MSFT and QTEL plan to launch their...
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Benzinga’s Top Upgrades (EGP, PBNY, EXPD, UTIW, NYT)
Tuesday, February 16, 2010 - 3:38pm | 216EastGroup Properties Inc (NYSE: EGP) was upgraded by JMP Securities from “market underperform” to “market perform.” EGP has a 52-week trading range of $18.91-$41.31. EGP’s shares have slipped 10.08% over the past three months. Stifel Nicolaus upgraded Provident New York Bancorp (NASDAQ: PBNY) from...
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Standpoint Research Downgrades New York Community Bancorp (NYB)
Friday, February 12, 2010 - 1:24pm | 135Standpoint Research downgraded New York Community Bancorp (NYSE: NYB) from a Buy to a Hold today. Standpoint analyst Ronnie Moas recommended the stock on September 16, 2009 and the shares have appreciated 33% during this period. The S&P has produced a negative return during the same time frame...
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Freddie And Fannie See Spreads Narrow To Their Lowest In 17 Years (FNM, FRE, RBS)
Friday, February 12, 2010 - 8:39am | 207Freddie Mac (NYSE: FRE), and Fannie Mae (NYSE: FNM) mortgage bonds have seen relative yields fall to their lowest levels in 17 years, as traders speculate that the cash used by the companies to buy loans that are delinquent will be recycled back into securities. The spread between Fannie Mae’s 30-...
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Stocks That Created New 52-Week Lows (AFCB, BFSB, FTEK, ICOPW, ISIS)
Thursday, February 11, 2010 - 3:52pm | 251Athens Bancshares Corporation (NASDAQ: AFCB) dropped 2.49% to create a new 52-week low of $10.58. AFCB is involved in the provision of real estate information and consulting services and real estate advertising services in China. Read more about this company here. Brooklyn Federal Bancorp, Inc (...
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Stocks That Created New 52-Week Highs (BIDU, BIIB, BOFI, DNDN, EXLS)
Thursday, February 11, 2010 - 3:39pm | 213Baidu, Inc (NASDAQ: BIDU) shares created a new 52-week high of $488.80, before slipping to $487.96, reflecting a 1.21% gain. BIIB reported a 48% rise in fourth-quarter net income on 40% growth in revenues. Biogen Idec Inc (NASDAQ: BIIB) shares rose 2.68% to $55.85, creating a new 52-week high. BIIB...
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Market Roundup (FE, AYE, WHR, FRE, FNM, TM, F)
Thursday, February 11, 2010 - 3:23pm | 278The market's reaction to the $4.7 billion acquisition of Allegheny Energy (NYSE: AYE) by FirstEnergy (NYSE: FE) seems lackluster. AYE has risen just 10.9% to $23.31 on FE's takeover offer of $27.65 per share. Analysts are questioning the timing of the deal and expect FE to face regulatory hurdles...
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Trade Ideas for February 10, 2010
Wednesday, February 10, 2010 - 8:34am | 194I am going to get to the point real quick this morning as I am wanting to spend as much time looking at charts and pouring over my watch-lists prior to the market open today. At 7am the MBA Purchase Applications come out, followed by International Trade at 8:30am. Ben Bernanke will also be speaking...