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J.P. Morgan Raises PT to $420 on MasterCard
Friday, October 21, 2011 - 10:19am | 78A report from J.P. Morgan reiterates its Overweight rating and raises its price target from $380 to $420 on MasterCard (NYSE: MA). The report states, “MasterCard reports 3Q11 results BMO on Nov 2 – JPM/Street at $4.77/$4.82. The stock seems safe to own going into the print; we think volume and EPS...
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JP Morgan Raises PT on MasterCard to $420
Friday, October 21, 2011 - 7:23am | 26JP Morgan has raised the price target on MasterCard (NYSE: MA) from $380 to $420 and maintains its Overweight rating.
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Announcement of Class-Action Lawsuit Against Visa, MasterCard, Alleging ATM Fee Price-Fixing
Wednesday, October 19, 2011 - 9:02pm | 269Hagens Berman today announced it has filed a class-action lawsuit alleging that Visa (NYSE: V) and MasterCard (NYSE: MA) violated antitrust laws by establishing uniform agreements with U.S. banks that issue automated teller machine cards, preventing ATM operators from setting transaction fees below...
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Notable Put Options Activity in Lender Processing Services
Wednesday, October 19, 2011 - 12:35pm | 102Shares of Lender Processing Services (NYSE: LPS) are higher on the session by 1.20%, currently trading at $15.16. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while...
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Satcon 1.25 Megawatt Equinox Prism Platform Medium Voltage Inverter System Receives North American Certification with 98% CEC Efficiency
Monday, October 17, 2011 - 8:31am | 122Satcon Technology Corporation® (NASDAQ: SATC) today announced that its 1.25 megawatt Satcon Equinox Prism Platform has achieved 98% CEC listed efficiency. The system is now generally available in North America and certified to UL1741 and CSA C22.2 No. 107.1 by CSA International. Satcon Equinox...
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Blueshift Ideas Positive on Green Dot
Thursday, October 6, 2011 - 12:26pm | 268Blueshift Ideas is out with a series of tweets on Green Dot Corporation (NYSE: GDOT) and is mostly positive on the name. The boutique research firm notes that Green Dot is the leader in in the growing pre-paid card market. In their research, Blueshift noted that banks are increasingly falling...
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LPS Selects Hugh R. Harris as Company CEO
Wednesday, October 5, 2011 - 8:31am | 47Lender Processing Services, Inc. (NYSE: LPS) today announced the appointment of Hugh R. Harris to serve as the company's president and chief executive officer effective October 5, 2011. Harris will also serve as a member of the company's board of directors.
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McDonald's, MasterCard and Five Other Stocks Worth a Look Now
Thursday, September 29, 2011 - 2:33pm | 850The following dividend-paying companies offer attractive returns on equity and are expected to have strong earnings per share growth over the next five years. Their stocks are also trading within shouting distance of their 52-week highs. Limited Brands (NYSE: LTD): This Columbus, Ohio-based...
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Positive Action in the Leadership Stocks - AAPL, AMZN, MA, GMCR, RL, WFM, CMG, HANS
Tuesday, September 20, 2011 - 9:51am | 931While the overall market has been whipsawing around for two months, we are seeing some divergences of late. Yesterday, even as the market was down sharply in the first half of the day, was a particularly good day for much of the leadership group stocks - much of the old momo group (sans Netflix)...
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J.P. Morgan Overweight On MasterCard
Friday, September 16, 2011 - 7:45am | 154J.P. Morgan Chase & Co. is out with a research report on MasterCard (NYSE: MA) and it has an Overweight rating and a $380 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "Payment innovation and the robust global secular growth opportunity (85% of transactions...
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Benzinga's Top Downgrades
Friday, September 16, 2011 - 7:45am | 123Analysts at Robert W. Baird downgraded Mastercard Incorporated (NYSE: MA) from “outperform” to “neutral.” MA's shares closed at $347.94 yesterday. Mastercard's trailing-twelve-month ROA is 23.61%. HSBC Securities downgraded Royal Gold Inc (NASDAQ: RGLD) from “overweight” to “neutral.” RGLD's...
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A Peek Into The Market Before The Trading Starts
Friday, September 16, 2011 - 7:24am | 422Pre-open movers US stock futures are lower this morning. Shares of Research in Motion Ltd (NASDAQ: RIMM) dipped about 18.75% in pre-market trading after the company reported downbeat quarterly earnings. Futures for the Dow Jones Industrial Average dipped 24 points to 11,351.00 and S&P 500 index...
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LML Settles Litigation With Wells Fargo
Monday, September 12, 2011 - 9:31am | 77LML Patent Corp., a wholly-owned, indirect subsidiary of LML Payment Systems Inc. (Nasdaq: LMLP) announced today that it has received payment in the amount of $5,000,000 and has entered into a Settlement and License Agreement with Wells Fargo Bank, N.A. with respect to litigation filed by LML in...
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Goldman Sachs Suggests Searching for Yield Through Options
Wednesday, September 7, 2011 - 9:21am | 317Goldman Sachs is out with a research note this morning, where it suggests that traders look to gain yield in this market by turning to options strategies. Goldman's analysts see four potential ways to yield from options: 1. Turn stocks in to bonds by overlaying put-spread collars to extract...
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SmartMetric Files Further Patent Infringement Lawsuit Against Visa and MasterCard
Tuesday, September 6, 2011 - 11:42am | 92SmartMetric, Inc. (OTC: SMME) today announced that the Company has filed a patent infringement lawsuit against smart card issuers Visa (NYSE: V) and MasterCard (NYSE: MA) in California Federal Court. SmartMetric filed the lawsuit in defense of its U.S. Patent 6,792,464 which provides patent...