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Traders Seek Bearish Options In The iShares Russell 2000 ETF (IWM)
Wednesday, March 31, 2010 - 4:15pm | 2474“As Wall Street awaits the release of several economic reports, options traders sought bearish positions in exchange-traded funds that track specific segments of the market. Among the most active names of the session was the iShares Russell 2000 Index Fund (IWM), an exchange-traded fund (ETF) that...
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Market Morning – Citigroup (NYSE:C), JP Morgan Chase (NYSE:JPM), Sprint Nextel Corporation (NYSE:S), Verizon (NYSE:VZ), Rite Aid (NYSE:RAD)
Wednesday, March 31, 2010 - 10:25am | 1123Disappointingly, job figures released today from the ADP indicated that the economic recovery is as fragile as has been feared. March showed a net loss of 23,000 jobs in the private sector. February’s figures were also revised, and showed the month had a net loss of approximately 24,000 jobs (up...
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Market Morning – Citigroup (NYSE:C), JP Morgan Chase (NYSE:JPM), Sprint Nextel Corporation (NYSE:S), Verizon (NYSE:VZ), Rite Aid (NYSE:RAD)
Wednesday, March 31, 2010 - 10:25am | 1123Disappointingly, job figures released today from the ADP indicated that the economic recovery is as fragile as has been feared. March showed a net loss of 23,000 jobs in the private sector. February’s figures were also revised, and showed the month had a net loss of approximately 24,000 jobs (up...
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Analyst Bullish On Tech Stocks: CNBC (GE)
Wednesday, March 31, 2010 - 9:59am | 111Tech stocks look good in the present market. In an interview with CNBC, Rob Morgan, chief investment strategist at Fulcrum Securities, shared his views about the market. Morgan said, “We like technology, it’s a sector where the earnings estimates continue to rise. Technically, the sector’s been...
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Stock Market News for March 31, 2010 - Market News
Wednesday, March 31, 2010 - 9:16am | 459U.S. stocks ended with modest gains Tuesday, with the blue-chip Dow average ending the day at fresh 18-month highs, as investors bought technology and industrial stocks even as confidence in Greece's ability to access credit markets showed signs of deterioration. Technology shares led the broader...
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Dow Finishes In The Green Again (VZ, MMM, AAPL, DHR, T)
Tuesday, March 30, 2010 - 4:34pm | 285The Dow Jones Industrial Average closed higher for the fourth straight trading session, gaining 11.56 points to finish at 10,907.42. The S&P 500 and the Nasdaq Composite also registered small gains today. Volume was particularly anemic, though, which has some observers worried that a market...
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William Blair & Co. Maintains Neutral Rating On General Electric (GE)
Tuesday, March 30, 2010 - 2:48pm | 138Analysts at William Blair & Co. released a report today in which they reiterated their Market Perform rating on shares of General Electric (NYSE: GE). The analysts, however, do see some encouraging signs at the company. They wrote that, "we are encouraged encouraged by the following factors: 1...
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3M All Set For A Breakout Above Trailing 52 Week High Of $85.17
Tuesday, March 30, 2010 - 2:07pm | 1253M Co (NYSE: MMM) climbed the most in the Dow Jones Industrial Average, as it soared 3.5% by mid afternoon trading to $84.34. The maker of 55,000 products from Post-It Notes to respiratory masks 3M Co. (MMM) will rise over the next 30 days, according to a latest Morgan Stanley report. 3M Co (MMM)...
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Alstom Gets Embroiled In Bribery Charges (SI, DAI)
Tuesday, March 30, 2010 - 4:05am | 119Three executives at the British unit of the French company Alstom were detained last week on the charges of bribery. The executives are being investigated regarding possible bribes paid to secure contracts worldwide. Recently, four Alstom employees had pleaded guilty in a bribery case instituted in...
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Bennett Marks’ Favorite Stock Is Itron (ITRI)
Monday, March 29, 2010 - 1:15pm | 373In an article on Seeking Alpha, Bennett Marks, president and chief investment officer of Marks Group Wealth Management, said that his favorite stock is Itron (NASDAQ: ITRI), the world’s leading provider of “smart meters,” which are two-way communication devices enabling exchange of data between...
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Market Update – Ford (NYSE:F), General Electric (NYSE:GE), Citigroup (NYSE:C), Apple (NASDAQ:AAPL), Morgan Stanley (NYSE:MS)
Monday, March 29, 2010 - 11:10am | 993Lets start with some American economic news. Reports from the Commerce Department indicate that personal income levels remained unchanged last month, however consumer spending still rose 0.3% inFebruary. Experts had expected a 0.1% increase in American income. On the European front, there’s...
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Market Update – Ford (NYSE:F), General Electric (NYSE:GE), Citigroup (NYSE:C), Apple (NASDAQ:AAPL), Morgan Stanley (NYSE:MS)
Monday, March 29, 2010 - 11:10am | 977Lets start with some American economic news. Reports from the Commerce Department indicate that personal income levels remained unchanged last month, however consumer spending still rose 0.3% inFebruary. Experts had expected a 0.1% increase in American income. On the European front, there’s...
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Stock Market News for March 29, 2010 - Market News
Monday, March 29, 2010 - 9:31am | 378U.S. stocks failed to build on to gains recorded earlier in the session and closed almost flat for a second consecutive day Friday as traders appeared uncertain about the market’s ability to build on to recent advances. Nevertheless, fears of a looming Greek default dissipated as European Union...
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The SPDR ETF (SPY) Faces Pressure As The Market Approaches Overbought Levels
Sunday, March 28, 2010 - 9:26pm | 1602Last week major indexes and ETFs remained overbought and the week brought some major and interesting developments in both stock and bond markets. In our Standard Exchange Traded Fund (ETF) Portfolio we went to cash on Monday and logged the following realized gains, excluding taxes and commissions...
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dividend income rises to a record
Friday, March 26, 2010 - 11:23pm | 613We've likely all suffered dividend cuts in our portfolio and and some companies that have been consistent dividend raisers over the years have frozen dividend payments since early 2008. Recently our dividend income has finally gone back into record territory. The funny thing is that the record...