-
Market Update – Boeing (NYSE:BA), Citigroup (NYSE:C), Palm (NASDAQ:PALM), Wells Fargo (NYSE:WFC)
Friday, March 19, 2010 - 10:16am | 967The concerns over the Greece debt situation are having an effect on the Euro’s trading price. The EU’s currency is having its worst week since January of this year. Investors have reacted conservatively after news that the Balkan state seems likely to seek a bailout from either the Eurozone or...
-
Market Update – Boeing (NYSE:BA), Citigroup (NYSE:C), Palm (NASDAQ:PALM), Wells Fargo (NYSE:WFC)
Friday, March 19, 2010 - 10:16am | 967The concerns over the Greece debt situation are having an effect on the Euro’s trading price. The EU’s currency is having its worst week since January of this year. Investors have reacted conservatively after news that the Balkan state seems likely to seek a bailout from either the Eurozone or...
-
Stock Market News for March 19, 2010 - Market News
Friday, March 19, 2010 - 9:00am | 391Even as data suggested the economy is improving at a slow but gradual pace, investors were reluctant to buy stocks as potential policy changes and fresh signs of trouble in Greece kept sentiments jittery. However, the Dow average rose for an eighth straight day, its longest winning run since...
-
No SNB In Sight
Friday, March 19, 2010 - 4:46am | 581G10 Advancers and Decliners vs USD EUR -0.13 CHF -0.27 GBP -0.34 JPY -0.35 • SNB Policy Board Member Danthine sank the EURCHF when he stated that consumers need to prepare now for a return to higher rates and market defined FX-rates (later backtracked). EURCHF 1.4380...
-
Siemens To Slash 4,200 Jobs (SI)
Thursday, March 18, 2010 - 4:45pm | 131Siemens (NYSE: SI) has announced its plans to cut 4,200 information technology jobs worldwide. The move has been undertaken as a part of an ongoing business reorganization plan. Siemens’ (SI) Information technology unit currently employs 35,000 people. The company said that some of the cuts will be...
-
Bank on Texas with Texas Capital Bancshares (NASDAQ:TCBI)
Thursday, March 18, 2010 - 1:38pm | 1002The black cloud hanging over the financial services sector for much of the past two years is beginning to evaporate. Financial stocks rallied recently, and wise investors are giving the sector a fresh look. We’ve discussed the financial sector at length, noting that successful stock-picking...
-
Bank on Texas with Texas Capital Bancshares (NASDAQ:TCBI)
Thursday, March 18, 2010 - 1:38pm | 1002The black cloud hanging over the financial services sector for much of the past two years is beginning to evaporate. Financial stocks rallied recently, and wise investors are giving the sector a fresh look. We’ve discussed the financial sector at length, noting that successful stock-picking...
-
Market Updates – Microsoft (NASDAQ:MSFT), Citigroup (NYSE:C), General Electric (NYSE:GE), Goldman Sachs Group (NYSE:GS)
Thursday, March 18, 2010 - 1:30pm | 921The Labor Department announced that consumer prices have remained unchanged through February, indicating that consumers aren’t anticipating inflation despite the zero interest rate that has been set by the Fed and the expanding economy. With the Fed’s most recent announcement that interest rates...
-
Market Updates – Microsoft (NASDAQ:MSFT), Citigroup (NYSE:C), General Electric (NYSE:GE), Goldman Sachs Group (NYSE:GS)
Thursday, March 18, 2010 - 1:30pm | 921The Labor Department announced that consumer prices have remained unchanged through February, indicating that consumers aren’t anticipating inflation despite the zero interest rate that has been set by the Fed and the expanding economy. With the Fed’s most recent announcement that interest rates...
-
GE’s (GE) Dividend Plans Prompt a Ratings Boost to its Stock
Thursday, March 18, 2010 - 11:22am | 1822Early Wednesday, Sterne Agee upgraded its rating on General Electric (NYSE: GE) to “neutral” from “sell.” The stock hit a new 15-month high of $18.40 in midday trading, and is up about a nickel to $18.13 in late-afternoon trading. A bit of background for this upgrade: GE has seen a lot of attention...
-
Benzinga’s News Roundup (SI, TEVA, CPA, BKC)
Thursday, March 18, 2010 - 7:52am | 257Siemens AG (ADR) (NYSE: SI) reported today that it will eliminate 4,200 jobs worldwide by 2011 in its IT business unit. Siemens AG (ADR) decreased 1.16% to $98.08 in the pre-market session. The 52 week trading range for SI is $54.44 -$103.08. Siemens closed at $99.23 in the last trading session. In...
-
Daily Forex Commentary March 17, 2010
Wednesday, March 17, 2010 - 5:22pm | 469March 17, 2010 Euro Weakens on Bearish Bailout Comments The U.S. Dollar finished down against most major currencies. From the start it was under pressure as trader demand for risk pressured lower yielding currencies. The early morning weakness in the Dollar helped to drive up demand for high risk...
-
Massey Energy (MEE) Seeks to Double Metallurgical Coal Sales with Purchase of Cumberland Resources
Wednesday, March 17, 2010 - 1:13pm | 1013As much as I am a long term bull on these coal names (and have been since 2007), the moves of late remind me of when companies announced a stock split or a new website launch in 1999 and speculators ran into the stock, driving it up 15% overnight. Right now people are frothing at the mouth for...
-
Stock Market News for March 17, 2010 - Market News
Wednesday, March 17, 2010 - 10:26am | 472Although the Fed’s policy statement yesterday packed few surprises, traders were relieved that the Fed had voted to keep interest rates at exceptionally low levels. Traders also took a breather from news that Standard & Poor’s had taken Greece off its “creditwatch negative" rating....
-
Conversation We Cannot Hear
Wednesday, March 17, 2010 - 8:25am | 855Once or twice before I've mentioned my enjoyment of the very profane and violent HBO series Deadwood. If you are also a fan of the show chances are one of the things you like, you know besides the profanity and the violence, is some of the one liners that the various characters throw out there. One...