Question-and-Answer SessionOperator Operator Instructions We’ll go to Jeff Schreiner of CapStone Investments. Jeff Schreiner - CapStone Investments Hello everyone, thank you very much for taking my questions today. I’ve been bouncing in between two calls here, so I apologize if I repeat anything. The first question I...
Rambus (NasdaqNM: RMBS) opened at $18.32. So far today, the stock has hit a low of $18.16 and a high of $18.44. RMBS is now trading at $18.18, down $0.53 (-2.83%). Over the last 52 weeks the s...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
This evening Moody’s has placed under review for downgrade hybrid and subordinated debt totaling $450 Billion of securities.
Moody’’s Investors Service has placed under review for possible downgrade the ratings of 775 hybrid and subordinated debt securities issued by 170 bank families in 36 countries following a change to its rating methodology for these instruments.
The reviews [...]
J.P. Morgan is out with another major call on Assured Guaranty (NYSE:AGO) raising their price target to $42 from $28 following earnings announcement out last night.
AGO reported op EPS in line with the pre-announced $0.45 per share. Included in its Q was a premium amortization schedule that was well above what JPM had previously modeled. In short, they were not properly accounting for the way FSA's premium revenue is recognized going forward as AGO purchased the company at a large discount to book. As such they are raising their estimates substantially and pushing their price target up to $42, using the same 7x multiple to their new 2011 estimate. With shares trading at half firm's target, they would be aggressive buyers.[More...]
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I wrote a post last week, that there might be a buying opportunity present in Rambus (RMBS), as it bounced from its 15.70 horizontal support again. Notice how the stock has been trading in clear horizontal channel over the past weeks. It looks like the recent consolidation is ...
The indices had a huge rally today, gapping up sharply at the opening, running hard in the morning, and then working their way steadily higher in a rising channel all session. Then in the last 15minutes they exploded into the close, closing at the highs for the day going away. The bulls couldn’t ask for more.[More...]
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Rambus (RMBS) shares surged today on heavy volume after some rumors of a positive court ruling. I’m still believing in a great victory for Rambus if nothing happens before. I keep my long position intact. From a technical standpoint, the stock crossed its 50-day moving average and ...
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