-
Discover Beats Zacks Estimates - Analyst Blog
Thursday, December 16, 2010 - 3:00pm | 1090Discover Financial Services (DFS) reported a fiscal fourth quarter earnings of $346.5 million or 64 cents per share, well ahead of the Zacks Consensus Estimate of 42 cents. The prior-year quarter posted a net loss of $77.9 million or 14 cents per share, excluding an after-tax gain of...
-
Discover Beats Zacks Estimates - Analyst Blog
Thursday, December 16, 2010 - 2:30pm | 1090Discover Financial Services (DFS) reported a fiscal fourth quarter earnings of $346.5 million or 64 cents per share, well ahead of the Zacks Consensus Estimate of 42 cents. The prior-year quarter posted a net loss of $77.9 million or 14 cents per share, excluding an after-tax gain of...
-
Broadridge Financial Ticking Higher On CNBC Mention (BR)
Thursday, December 16, 2010 - 11:52am | 81Broadridge Financial (NYSE: BR) moved higher today as a portfolio manager from West Coast Asset Management on CNBC discussed Broadridge Financial as a potential takeover tgt. The manager said State Street Corporation (NYSE: STT) of Fiserv (NASDAQ: FISV) could be potential buyers. At last check...
-
Benzinga's Top Upgrades (ORCL, FTE, WYNN, ADS)
Thursday, December 16, 2010 - 9:19am | 152Oracle Corporation (NASDAQ: ORCL) was upgraded by Macquarie Capital Markets from "neutral" to "outperform." ORCL's shares closed at $30.49 yesterday. Shares of Oracle have moved up by 25.27% year-to-date. Analysts at Citigroup upgrade France Telecom (NYSE: FTE) from "hold" to "buy." FTE's shares...
-
Market is Complacent 12-15-2010
Wednesday, December 15, 2010 - 8:14pm | 892Cusick's Corner All eyes are going to be on the EU for the next couple of days as foreign ministers meet to discuss debt issues, specifically how they are going to continue to support it. The Euro, FXE, pulled back in front of this meeting, which has given way to support in the Dollar, UUP....
-
MoneyGram to Raise $500M - Analyst Blog
Wednesday, December 15, 2010 - 5:33pm | 575On Tuesday, MoneyGram International Inc. (MGI) announced the regulatory filing for the authorization of stock and debt offering worth $500 million. The company is pursuing to sell equity and preferred shares, debt securities or any combination of securities, depending on the capital needs and...
-
MoneyGram to Raise $500M - Analyst Blog
Wednesday, December 15, 2010 - 4:48pm | 575On Tuesday, MoneyGram International Inc. (MGI) announced the regulatory filing for the authorization of stock and debt offering worth $500 million. The company is pursuing to sell equity and preferred shares, debt securities or any combination of securities, depending on the capital needs and...
-
Longs May Need to Marry 12-15-2010
Wednesday, December 15, 2010 - 4:10pm | 879Cusick's Corner This market continues to grind but what is notable (I may be sounding like a broken record) is that it is just so bullish with CBOE Put/Call Ratio .65. What I mean is there is low volatility, great earnings, decent economic data, low inflation and low interest rates and yet everyone...
-
Large Cap Winners & Losers (NVS, CAT, HDB, FBR)
Wednesday, December 15, 2010 - 2:43pm | 320The broader markets are solidly negative, but despite this, there are some large cap stocks that are outperforming today, for a variety of reasons. There are also a handful of stocks that are being hit sharply. Novartis (NYSE: NVS) is up around 5% on news that the company is completing its...
-
Home Inns Prices Senior Notes - Analyst Blog
Wednesday, December 15, 2010 - 10:03am | 513Home Inns & Hotels Management Inc. (HMIN) recently priced a $160 million offering of convertible senior notes. The notes will carry an interest rate of 2% per annum and are due 2015. The interest will be paid on a semi-annual basis. The senior note offering is expected to close by December 20...
-
Oppenheimer Reiterates Outperform on Visa
Wednesday, December 15, 2010 - 10:01am | 88Oppenheimer is out with its report on Visa (NYSE: V) reiterating its Overweight rating and $100 price target on V. In a note to clients, Oppenheimer writes, "Following our recent investor meetings with management, we remain confident that Visa will navigate the evolving regulatory environment and...
-
CSC Wins Four Contracts from EPA Worth $124M
Wednesday, December 15, 2010 - 9:56am | 82CSC (NYSE: CSC) announced today that the U.S. Environmental Protection Agency awarded the company four task order contracts with a total estimated value of $124 million. CSC won all task orders during its fiscal 2011 second quarter. The work falls under the Information Technology Solutions-...
-
Home Inns Prices Senior Notes - Analyst Blog
Wednesday, December 15, 2010 - 9:30am | 513Home Inns & Hotels Management Inc. (HMIN) recently priced a $160 million offering of convertible senior notes. The notes will carry an interest rate of 2% per annum and are due 2015. The interest will be paid on a semi-annual basis. The senior note offering is expected to close by December 20...
-
CSC Wins $33 Million Contract from Department of Veteran Affairs
Wednesday, December 15, 2010 - 9:01am | 68CSC (NYSE: CSC) announced today that the company was awarded a task order under the General Services Administration's Schedule 70 contract to provide software development services to the U.S. Department of Veteran Affairs. The task order, which was awarded during CSC's fiscal 2011 second quarter,...
-
Goldman's Trade Ideas For Today (PG, PAYX, AAPL)
Wednesday, December 15, 2010 - 8:57am | 76Goldman Sachs is out with a research report and it gives some options trading ideas. Goldman writes to buy the Procter & Gamble (NYSE: PG) $65 calls ahead of its analyst day tomorrow. Goldman also says to buy Paychex (NASDAQ: PAYX) options ahead of earnings. Another trade that Goldman gives is...