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Stock Market News for April 26, 2010 - Market News
Monday, April 26, 2010 - 9:30am | 439A strong report on new home sales and better-than-expected earnings from American Express sent stocks higher Friday and helped the Dow average register its 11th gain in the last 12 trading sessions. On Friday, the Dow average rose 70 points, or about 0.6%, for its eighth straight weekly advance....
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Fast Money Picks For April 26th (CMA, GS, SI, AAPL)
Friday, April 23, 2010 - 6:32pm | 168CNBC Fast Money's Joe Terranova thinks that it would be wise to short Comerica Incorporated (NYSE: CMA) on Monday. Comerica Incorporated (NYSE: CMA) fell 0.72% today and it closed the trading session at $44.28. Steve Grasso thinks that you should buy Goldman Sachs (NYSE: GS), but if it starts to...
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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Dividend Stocks That Hit Their Bottom (KO, MMM, WMT, ABT, MCD, CVX, UTX)
Friday, April 23, 2010 - 6:03am | 462According to an article on SeekingAlpha, everyone, including those who love dividend stocks, wants a deal that is close to the rock bottom price. However, long-term buy-and-hold investors are not famous for their ability to time the market and call the bottom. These investors can enjoy the benefits...
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Gold Man, Gold Bug, Golden Opportunity, Goldman Sachs (NYSE:GS)
Thursday, April 22, 2010 - 1:38pm | 1796The big news in the markets and media is Goldman Sachs (NYSE:GS), just charged with a fraud suit that alleges they didn’t disclose material information about a CDO they packaged and sold in 2008. The stock promptly sold off to the tune of 15% (down nearly $30, to $155) before rebounding to settle...
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Textron (TXT) Swings To Loss
Thursday, April 22, 2010 - 9:32am | 96Textron Inc. (NYSE: TXT) released financial results on Thursday morning that beat Wall Street expectations. Textron Inc. reported it swung to a 1st quarter loss of $8 million, or 3 cents per share, from a profit of $86 million, or 35 cents per share, a year earlier. However, excluding special items...
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Stock Market News for April 22, 2010 - Market News
Thursday, April 22, 2010 - 9:30am | 472U.S. stocks ended a choppy session mixed Wednesday as traders appeared less enthusiastic to extend a rally that has put major indexes at multi-month highs. Healthcare shares fell after a number of companies from the sector cut their earnings outlook, saying the U.S. healthcare overhaul will hurt...
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Warren Buffett’s Big Bets Continue To Pay Off
Thursday, April 22, 2010 - 1:14am | 420Any list of great CEO’s would not be complete without Warren Buffett. Buffett is the head of Berkshire Hathaway and the namesake for this blog. Berkshire Hathaway is the holding company for Geico, Dairy Queen, Nebraska Furniture Mart, Burlington Northern, and a number of subsidiaries. The Oracle...
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Procter & Gamble pays more
Wednesday, April 21, 2010 - 8:06pm | 549Consumer products giant, and often misspelled, Procter & Gamble (PG) has raised it's dividend by 9.5%. Here is a glance at Procter's recent dividend history:2007 = $1.362008 = $1.552009 = $1.722010 = $1.89 (EST) This represents a compound annual growth rate of the dividend of almost 12%....
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What Will Be The Fate Of AAPL’s Stock After The Earnings Report?
Tuesday, April 20, 2010 - 1:18pm | 449Will Apple’s (NASDAQ: AAPL) shares jump after the earnings report due today? Or will the stock fall with investors taking profits? The earnings season is always characterized with uncertainty. What is certain, however, is that the last two days have seen investors pull away from stocks such as...
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US Stocks Open Higher On Earnings Beat
Tuesday, April 20, 2010 - 1:12pm | 279US stocks opened higher today, after several companies posted strong earnings. While the Dow Jones Industrial Average gained 30 points, or 0.3%, to 11123, in early trading, the Nasdaq Composite has moved up only 0.4%. Meanwhile, the Standard & Poor's 500 index climbed 0.5%, led by the...
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Stock Market News for April 19, 2010 - Market News
Monday, April 19, 2010 - 5:47pm | 567Just when Wall Street was preparing for another strong weekly finish, civil fraud charges against one of the most powerful firms on Wall Street surfaced, rattling financial markets and sending stocks tumbling the most in two months. Goldman Sachs, the firm in question, was accused by the U.S....
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Why Aren’t Markets Rallying Despite Better-Than-Expected Results?
Monday, April 19, 2010 - 3:45pm | 560According to an article on TheStreet.com, there has been a constant debate among investors on the remaining strength in the bull market. Bears have been citing looming tax hikes, healthcare charges and a recent increase in new jobless claims as reasons for a decline in stocks. However, corporate...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 37
Monday, April 19, 2010 - 2:18pm | 1588Year 3, Week 37 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 65.5% (v 62.2% last week) 18 long bias: 27.4% (v 33.5% last week) 3 short bias: 7.1% (v 4.3% last week) [Includes 1 'long dollar' position...