Your Benzinga Update 4/9: Market Roundup; Nike A Strong Buy?; Insurer Stocks Rally

Benzinga.com iContact: Benzinga's Daily Highlights

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Benzinga's Daily Highlights

  1. 04/09/2010 - 12:27

    Jim Chanos, noted short seller and founder of hedge fund Kynikos Associates, continues to pound the table about the coming collapse of the Chinese real estate market. In an interview with Charlie Rose, Chanos said that he believes the bubble will burst in late 2010 or early 2011. He said, "Supply will equal demand at some point.


  2. 04/09/2010 - 14:52

    AMR (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.


  3. 04/08/2010 - 16:13

    One company that we at Benzinga.com believe offers investors an attractive risk/reward is Sirius XM Radio (NASDAQ: SIRI). The company has two wholly owned subsidiaries, XM Satellite Holdings, Inc. and Satellite CD Radio Inc.


  4. 04/09/2010 - 03:37

    Shares of US Airways Group (LLC) surged 10% to $7.55 in trading on news of a possible merger with United Airlines (UAL). United Airline shares rose 6.75% to $20.23. Talks of a possible merger between the two airline giants is nothing new. US Air and United have discussed merging twice before and couldn't come to terms.


  5. 04/09/2010 - 14:28

    Reassurance from Greece's finance minister gave investors more confidence as stocks continue their steady increase, showing signs of a slow economic recovery.

    An increase in consumer spending in March coupled with mixed results about the job market has placed the stock market on a slow, but steady increase.


  6. 04/09/2010 - 14:58

    Everyone knows that Nike has been in the news a lot recently because of its new Tiger Woods commercial. You may not have noticed that Nike has been receiving a lot of attention from the financial industry as well.


  7. 04/09/2010 - 15:06

    Morgan Stanley (NYSE: MS) has restructured its operations in a big way. The financial firm has augmented its trading unit and has reorganized its top management. However, it is yet to be seen whether these changes are going to bear any fruit in the form of increased earnings.


  8. 04/09/2010 - 14:50

    Markets remained on the upswing for a second consecutive day today, with the Dow Jones Industrial Average gaining 38.54, or 0.35%, to 10,965.61 and Nasdaq added 10.10 or 0.41%. Some of the few narrow based indexes that are driving the market up are the Grocery Store Stocks, which have gained 2.9%, Italy Stocks and ADRs, up 2.7%, and Chinese IT Stocks, moving 2.4% higher as a group.


  9. 04/09/2010 - 14:44

    In an article on TheStreet, Adam Feuerstein said that he continues to have ambivalent feeling about Opexa Therapeutics (NASDAQ: OPXA). The company had reported disappointing phase IIb results of its experimental multiple sclerosis "vaccine" Tovaxin in September 2008.


  10. 04/09/2010 - 14:40

    Ambac Financial Group, Inc (NYSE: ABK) has surged 76% to $1.13 after reporting a fourth-quarter net income of $558.1 million. The company had recorded a tax benefit and unrealized gains on derivatives during the quarter.


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