Your Benzinga Update 5-6: Where Were You During the Crash of 2010?

Benzinga’s Daily Highlights Click here to read the top stories on Benzinga.com Where Were You During the Crash of 2010? 05/06/2010 - 16:54 With the S&P 500 trading down 3.26% on the session, off 37.94 points, one would think that long stock holders would be heading home with their head hung lowâ€"that’s not the case today. If you are a long stock holder, or a short vol trader, or a short Gold/Bond/U.S. Click here to read more... US Stocks Touch Lowest Ground Since Late March 05/06/2010 - 05:57 US stocks fell for a second day in a row yesterday as worries over the euro debt zone failed to subside. News of downgrade warning on Portugal and riots in Greece led to fears of the crisis continuing to escalate. Click here to read more... Retailers Disappointed In April (COST, GPS, ANF, TGT, COST, WAG, TGT, JWN, M, ZUMZ, HOTT) 05/06/2010 - 15:11 Today was the day when top retailers ranging from Costco Wholesale (NASDAQ: COST) to Gap (NYSE: GPS) posted disappointing same-store sales for the month of April. The results were a clear indication that Wall Street was expecting too much of a consumer rebound. Click here to read more... Selling Frenzy In The Stock Market Driving Up Gold!! 05/06/2010 - 15:49 US stocks are still down more than 3% today afternoon after all the three key indexers nosedived to the worst ever levels. While the Nasdaq was down over 9% at one point, the S&P 500 and Dow fell into negative territory for the first time in the year for a brief while, as concerns over the contagion from Greece's debt issues heightened. Click here to read more... Intel Eyes Smartphone Segment With Its New Chip (INTC) 05/06/2010 - 11:19 Intel Corp. (NASDAQ: INTC) has introduced a new version of its Atom chip. The new chip is likely to help Intel (INTC) make a foray into the smartphone and tablet segment. The new chip, codenamed Moorestown, is more power-efficient and therefore is suitable for mobile devices. Click here to read more... Market Update: RODM, HIL, PPC All Washed Out!! 05/06/2010 - 16:12 Rodman & Renshaw Capital Group (NASDAQ: RODM) has crashed 24.60% to $3.28 after the company’s quarterly profits missed the Street view as the result of higher-than-expected expenses. Click here to read more... Gasparino Says Goldman Settlement Likely To Be Between $1-$5 Billion (GS) 05/06/2010 - 10:30 Fox Business News' Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) will likely settle the civil fraud case brought against the firm by the SEC for between $1 billion and $5 billion. Click here to read more... COST’s April Sales Jump 11%, Fall Short Of Expectations 05/06/2010 - 06:12 Costco Wholesale Corp (NASDAQ: COST) had reported a 11% y/y jump in the same-store sales for April, falling short of the analyst expectations of 11.2% growth. Click here to read more... CNBC Reporting That A Bad Print In Proctor & Gamble May Have Caused Acceleration Of Sell Off (PG) 05/06/2010 - 15:18 CNBC is reporting that a bad print in Proctor & Gamble (NYSE: PG) may have accelerated the downside momentum that entered the market this afternoon. At one point, the Dow Jones Industrial Average was down nearly 1,000 points. Most of the losses have been made back in the last half an hour and the Dow is currently down 390 to 10,472. Click here to read more... Jim Cramer's Mad Money Lightning Round OT Comments (EK, CGA, VVUS, CELG) 05/05/2010 - 19:53 On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he sees Eastman Kodak Company (NYSE: EK) as a speculative stock and he doesn't need to speculate with so many quality names trading down. Eastman Kodak Company (EK) spiked 7.09% today. Click here to read more... Today's Trading Ideas Garmin May Go Up; Barron’s (GRMN) Where Were You During the Crash of 2010? The Smart Money Guide to Buying Gold Top Performing Industries For May 6 (IIJI, TRE, CKP, PWR, RDEN) Top 5 Cable Stocks To Watch For (CVC, CMCSA, VZ, T, TWC) Retailers Disappointed In April (COST, GPS, ANF, TGT, COST, WAG, TGT, JWN, M, ZUMZ, HOTT) Put Money to Work! Top Narrow Based Indexes For May 6 (SXCI, MINI, TRE) Direxion 3X Long Financials ETF Down 15%, Finding Buyers Calls Purchase on the Short U.S. Dollar Index ETF Most Popular Sirius Makes A Turnaround; Barron’s (SIRI) Sirius Sells Off…Again Benzinga’s Top Pre-Market Losers (JDSU, OSUR, MKTAY, COST, VOD) Benzinga’s Top Downgrades (ITMN, WBMD, PKOH, BWY, COCO) Karen Finerman Missed On AEO Benzinga’s Top Upgrades (ESE, AMMD, DTSI, KOPN, CCJ) Benzinga’s Top Pre-Market Gainers (AMMD, HNSN, ACAS, ARIA, ERTS) Benzinga’s Top Pre-Market Losers (ITMN, MYGN, GRMN, AVNR, MPEL) FOREX, COMMODITIES, STOCKS OUTLOOK May 6th: EU UPDATE, SPAIN BOND SALE KEY â€" ABRIDGED Goldman Sachs Reiterates “Buy” Rating on EJ Benzinga’s Top Pre-Market Gainers (HTRN, ADCT, PCBC, ENOC, SMSI) EVENING READING Join Benzinga now to get the best stock ideas! 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