Your Benzinga Update 4-16: Goldman Sachs Accused of Fraud; Trade Like A Hedge Fund; Apple Estimates Raised

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Benzinga’s Daily Highlights

  1. 04/16/2010 - 12:09

    With news that Goldman Sachs (NYSE: GS) is being investigating regarding inaccuracies in their disclosure documents for sub-prime mortgages, the S&P 500 is plummeting. Currently it is down nearly 21 handles to 1,191. Volatility is skyrocketing, up nearly 20% on the session, Gold Futures are off $24.50, and Oil Futures are off $2.41.


  2. 04/16/2010 - 11:21

    The Securities and Exchange Commission (SEC), today, filed a civil suit against Goldman Sachs (NYSE: GS), accusing the bank of securities fraud. The SEC has charged Goldman Sachs and one of its vice president, Fabrice Tourre, of misleading investors by not disclosing key facts about a financial product related to subprime mortgages.


  3. 04/15/2010 - 15:47

    Eric Sprott appeared on CNBC this afternoon to talk to Maria Bartiromeo about the markets. He said that he has not bought into the market at these levels and has missed much of the rally. He said that he is still concerned about leverage in the banking system. The interview, and a look at Sprott's portfolio, reveals that he is incredibly bullish on precious metals, particularly gold and silver.


  4. 04/16/2010 - 11:54

    In a research report released today, CLSA raided their estimates on shares of Apple (NASDAQ: AAPL) and reiterated their BUY rating on the stock.


  5. 04/15/2010 - 16:10

    President Barack Obama and his wife Michelle brought in $5.5. million in 2009. Of this money, $1.79 million went to federal taxes and $160,000 to Illinois state taxes.

    According to the White House, most of the income is a result of revenue from Barack's best-selling books.


  6. 04/15/2010 - 16:43

    CNBC is reporting that Carl Icahn has just raised his offer for all of the outstanding shares of Lions Gate (NYSE: LGF) to $7. His previous offer had been set at $6, a price that Lions Gate's Board deemed ridiculous.


  7. 04/15/2010 - 22:52

    Morningstar has an interview with David Wallack, on their website, the portfolio manager of T. Rowe Price Mid-Cap Value (TRMCX)


  8. 04/16/2010 - 11:38

    I find it very difficult to believe how anyone could urge for more deregulation in the market as a way of somehow preventing another financial crisis, but believe it or not, there are those who hold that view - and many of them tend to be Republicans who answer to 'Senator'.


  9. 04/16/2010 - 07:37

    Bank of America (NYSE: BAC) has reported its Q1 diluted EPS at $0.28, easily surpassing Wall Street expectations of $0.09. Meanwhile, revenues for the quarter came at $31.97 billion, versus the Street view of $27.90 billion.


  10. 04/16/2010 - 07:20

    In the "Mad Money Lightning Round," Jim Cramer said that although everyone dislikes SandRidge Energy (NYSE: SD), it is a great stock to invest in.


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