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Market News – JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), Ford (NYSE:F), Alcoa (NYSE:AA)
Monday, April 12, 2010 - 12:56pm | 963Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans. The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...
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Stock Market News for April 12, 2010 - Market News
Monday, April 12, 2010 - 9:45am | 422The Dow Jones industrial average closed at an 18-month high of 10,997 Friday, after briefly crossing the 11,000 level, as speculation grew European leaders had agreed to a plan to breathe life into Greece’s ailing finances. Although broader worries about the economy remained in place, investors...
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US Stock Index Futures Rise On Earnings Optimism, Easing Sovereign Debt Concerns
Monday, April 12, 2010 - 8:58am | 246US stock index futures rose today as concerns surrounding sovereign debt eased after Eurozone finance ministers approved a massive emergency aid amounting to €30 billion for Greece. Futures on the Dow Jones Industrial Average gained 18 points to 10971, while those on the S&P 500 moved up half a...
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U.S. Markets Expected To Open Higher (AA)
Monday, April 12, 2010 - 7:53am | 96Equity markets in the U.S. are expected to open higher today following the new bailout package announced over the weekend for Greece. According to the Wall Street Journal, the Dow Jones Industrial Average futures were up 18 points to 10971 today. S&P 500 futures climbed up half a point to 1193...
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Stocks To Watch On April 12 (AA, GIGM, BTH, PALM, CASY)
Monday, April 12, 2010 - 6:35am | 213Some of the shares that are expected to see active trading in today’s session are: Alcoa (NYSE: AA) reports after the market closes today. AA is expected to post its earnings for the latest quarter at $0.11 per share. AA has gained 1.46% in pre-market trading. GigaMedia (NASDAQ: GIGM) may report...
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Google (GOOG), Bank of America (BAC), General Electric (GE), JPMorgan (JPM) Are Set To Report Earnings This Week
Monday, April 12, 2010 - 2:19am | 188Alcoa (AA) kicks off earnings season Monday after the market close. Analysts are looking for an EPS of 11 cents per share. Tech giant Intel (INTC) reports earnings Tuesday with the market looking for 38 cents per share. Charles Schwab (SCHW), JPMorgan Chase (JPM), and YUM! Brands (YUM) all report...
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Alcoa Inc. (AA) Rating Downgraded
Friday, April 9, 2010 - 3:11pm | 132Analysts at Morgan Stanley (NYSE: MS) remain skeptical about aluminum fundamentals. Aluminum, used in plane and automobile manufacturing, and for beverage cans and kitchen wraps, reached a peak in July 2008; however, prices slumped as the global economy slipped into recession. Alcoa Inc. (NYSE: AA...
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Market Roundup (AMR, LCC, UAUA, KO, PEP, BUD, DEO, STZ, TJX, JCP, AA)
Friday, April 9, 2010 - 2:52pm | 332AMR (NYSE: AMR) chief Gerard Arpey said that consolidation in the airline sector, such as a merger of UAL (NASDAQ: UAUA) and US Airways (NYSE: LCC), would help the sector. However, he does not expect American Airlines to participate in an M&A mania that is "not a panacea." He is, instead,...
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The Trick Of DOW 11,000: How The Game Is Played.
Friday, April 9, 2010 - 1:57pm | 556DOW 11,000 is closing quickly. Today is Friday, light volume continues to plague the markets and this makes it a perfect opportunity for the "powers that be" to push the DOW over 11,000. As of now we are hovering within an jump of that key level. To understand the reasoning behind DOW 11,000, one...
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Alcoa Earnings Preview
Friday, April 9, 2010 - 12:34pm | 201Alcoa (NYSE: AA) is set to announce earnings after the bell on Monday. Street estimates are calling for Q1 EPS of $0.11 on $5.19 billion in revenue, though the whisper number is calling for a miss at $0.08 EPS. The company was downgraded by J.P. Morgan ahead of the release from “Overweight” to “...
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Alcoa Downgrade Seems Odd (AA, X)
Friday, April 9, 2010 - 12:16pm | 292Alcoa (NYSE: AA) this morning was downgraded to Neutral from Overweight at JP Morgan. The firm lowered their price target to $16.50 from $21.50. Today's downgrade seems odd for a couple of reasons. First, this is the second downgrade this week for Alcoa. Maybe the analyst at JP Morgan is jumping on...
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Benzinga’s Top Downgrades (CML, NWN, AA, STRA, CELG)
Friday, April 9, 2010 - 9:52am | 187Compellent Technologies, Inc (NYSE: CML) was downgraded by JMP Securities from “market outperform” to “market perform.” CML’s shares fell 25.85% to $13.02 yesterday. CML has a 52-week trading range of $9.94-$24.95. UBS downgraded Northwest Natural Gas Company (NASDAQ: NWN) from “buy” to “neutral...
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Company News for April 9, 2010 - Corporate Summary
Friday, April 9, 2010 - 9:45am | 167• Walmart (NYSE:WMT) announced price cuts on about 10,000 items, mainly food and other staples, in an aggressive campaign to hold onto market gains as a discount leader • Constellation Brands (NYSE:STZ) reported estimate-beating results of 27 cents, three cents higher than expected, and up from 21...
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Alcoa (AA) Cut To Neutral
Friday, April 9, 2010 - 7:42am | 74JP Morgan downgraded Alcoa (NYSE: AA) from “overweight” to “neutral.” The target price for AA has been reduced from $21.50 to $16.50. The downgrade in the rating was the result of fundamental concerns ahead of AA’s Q1 results that are due on Monday, the analysts say. AA’s shares have declined 0.61...
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Stock Market News for April 8, 2010 - Market News
Thursday, April 8, 2010 - 9:30am | 503Investors sold stocks and sent broader indices lower on an otherwise listless day after a senior Federal Reserve official said policy makers should not keep interest rates exceptionally low for too long. Prospects of higher interest rates unsettled traders. With no immediate solution to Greece’s...