jp morgan

Celgene (CELG): A Biotech Takeover Target?

Filed in Bank Gold, ceo, earnings, jp morgan, o, revenue, target by on February 15, 2011 0 Comments
Celgene (CELG): A Biotech Takeover Target?

Filed under: Newsletters , Stocks to Buy “As tradition holds, Celgene ( CELG ) gave the first presentation at the recent 29th JP Morgan Healthcare Conference, where CEO Bog Hugin focused on Celgene’s ongoing plans to become a world-wide company and expansion into global markets,” reports John McCamant . The biotech specialist and editor of The Medical Technology Stock Letter explains, “They expect 2011 to be the first year where the company earns a majority of sales outside the U.S. The company is currently conducting 25 Phase III trials on its various drugs. “Celgene also announced 4th quarter 2010 earnings last week, and revenue was down 16%, mostly based on costs incurred due to the Abraxis acquisition. Continue reading Celgene (CELG): A Biotech Takeover Target? Celgene (CELG): A Biotech Takeover Target? originally appeared on BloggingStocks on Tue, 15 Feb 2011 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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How to Replace Austerity with Freedom, Independence and Prosperity

The Economic Collapse Blog has this list of examples of how European-style “austerity” is already hitting the U.S., including cities closing schools and fire stations, and states eliminating whole state agencies and raising taxes. That includes the state of Illinois whose legislature has passed a “temporary” 66% personal income tax hike that the Democrat governor will sign. Rest assured, this income tax hike will be as “temporary” as the one in Massachusetts , still in place since 1989. Such austerity measures may lead to the same kind of social unrest Europeans have been experiencing. The Economic Collapse Blog concludes, We are entering a time of extreme financial stress in America.  The federal government is broke.  Most of our state and local governments are broke.  Record numbers of Americans are going bankrupt.  Record numbers of Americans are being kicked out of their homes.  Record numbers of Americans are now living in poverty. The debt-fueled prosperity of the last several decades came at a cost.  We literally mortgaged the future.  Now nothing will ever be the same again. To say that “nothing will ever be the same again” is just pessimistic and unnecessary. We actually can return to the prosperity of the past, by replacing debt and austerity with freedom and independence. There is no need for Americans to suffer through what European countries are suffering, because nearly all the problems we face are caused by governmental intrusions into many aspects of our personal and economic lives — intrusions by federal, state and local governments. Regardless of the good intentions that the welfare and military socialism statists have in justifying their use of compulsory government powers, what America needs is to cut the shackles of State-imposed dependence, restrictions, regulations, taxation, all those policies of moral relativism that involve violations of the Rule of Law: theft, trespass, denial of Due Process, and other acts of State-initiated criminal aggression. Freeing Americans includes repealing all forms of intrusive presumption-of-guilt regulations and restrictions that are in place having nothing to do with whether any individual is suspected of any crimes against others. Regulations are before-the-fact demands by the government that presume the individual and one’s business guilty, in which one must submit one’s private personal or financial information to the government to prove one’s innocence. Government regulations and arbitrary restrictions are literally searches and seizures by the government of information that is none of anyone else’s business, and effect in the stifling of everyday citizens’ growth and prosperity. Ending all personal income taxes , corporate taxes, estate taxes, and capital gains taxes frees people who own or share in the ownership of businesses — i.e. employers and prospective employers — to invest in their own research and development and in the expansion of their businesses, which is the genuine force behind jobs creation, in both blue collar and white collar sectors. Ending all personal income taxes frees people to explore their own ideas and inventions, and to start their own businesses that will employ more people and advance society further. Also…

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Market Wrap-Up for Jan.14 (JPM, PNC, STT, GS, NEM, MEE, GE, more)

As I progress through my early 40′s, I like to think back to how I approached money in my earlier years. Being an entrepreneur, there is always a constant need to invest in your business and in yourself. That said, I still regret not being more proactive when it came to thinking about long-term wealth and financial security. The beauty of compound interest (which dividend stocks are great at providing when you re-invest those dividends) is something to marvel at when you start tabulating the numbers. You can use our Compounding Interest Calculator to measure your hypothetical rate of return, based on the number of years and amount of money you invest. Of course, getting married, having kids, and buying a home can put quite a dent in your best-laid plans. What was Mike Tyson’s famous line? I believe it was “Everyone has a plan until they get punched in the face.” Now I’m not trying to liken a boxing match to your family life, but the fact remains that the expenses you incur in adulthood can take quite a toll on your financial goals. Some investors are now in a position of making up for lost time, scrambling to start or build their retirement nest egg at a later stage in their lives than they’d prefer. The way I see it, the solution to this problem is simple: put more money each month to work for you. Some things you learn with age, and when it comes to money, most of us don’t start to really appreciate the power it has in our lives until we look up at the scoreboard and realize we’ve lost some initial ground. The key word I used there is “initial”, because it is NEVER too late to come back and make a difference. My dad had a barber friend who bought his first house at 77 years old! That’s the way you have to look at life. Never stop trying to achieve your goals, no matter how late you are in the game. I don’t care if all you can afford is $25 a month to start investing. Pick an online broker and get an account open if you don’t have one already. If you’re employed, set up an IRA and fund it with the maximum contribution you can make every year. And if you have kids, get a Coverdell Education Savings Account started for each of them and fund those as well. If your employer matches your 401k contributions, then do that too! Do whatever you can to make it happen. In time, you’ll look back …

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JPMorgan’s Q4 Profit Surges 47%, Beating View (JPM)

Filed in ceo, dividend, Gold Investment, jp morgan, o, revenue, shares by on January 14, 2011 0 Comments

Financial services giant JPMorgan Chase & Co. ( JPM ) on Friday said its fiscal fourth quarter profit rose 47% from last year, beating analyst estimates. The New York-based company reported fiscal fourth quarter net income of $4.8 billion, or $1.12 per share, compared with $3.3 billion, or 74 cents per share, in the year-ago period. Net revenue rose 13% from last year to $26.1 billion. On average, Wall Street analysts had expected a smaller profit of $1 per share on lower revenue of $24.2 billion. CEO Jamie Dimon said in a statement that “Credit trends in our credit-card and wholesale businesses continued to improve,” but that “In our mortgage business, while charge-offs and delinquencies have improved, credit costs still remain at abnormally high levels and continue to be a significant drag on our returns.” JPMorgan shares fell 25 cents, or -0.6%, in premarket trading Friday. The Bottom Line We have been recommending shares of JP Morgan ( JPM ) since Dec.22, 2010, when the stock was trading at $41.00. The company has a .45% dividend yield, based on last night’s closing stock price of $44.45. JPMorgan Chase & Co. ( JPM ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Jan.12 (ITT, CLF, JPM, ACI, FO, more)

Filed in Ameritrade, ceo, dividend, Gold Investment, Guidance, jp morgan, o, shares by on January 12, 2011 0 Comments

Companies breaking into separate parts (ITT, FO), IPOs, M&A, and increasing dividends are all part of the foundation that should make for stable markets going forward. Pullbacks will certainly be welcome and I am surely hoping for better entry points as investors continue to trickle back into stocks. I wanted to touch dividend payouts a bit more today. Depending on your broker, you may be able to reinvest your cash dividends back into shares of your holdings at no cost. Did you know that? We have the portfolio generator tool on the site, along with the stock screener where you can assemble a portfolio that will pay you out monthly dividend checks from January thru December. TD Ameritrade has a $10 minimum dividend check requirement to send one out. If you do not have a TD Ameritrade account, you should inquire with your broker on what their policy is, and ask them about any costs to reinvest those dividends if you so choose. For those that are older and looking for monthly dividend income, you should check those tools out. The list from the portfolio generator is based on stocks that are on our recommended list only. According to an analyst at the American Enterprise Institute, there will be an average of 10,000 baby boomers retiring every day. This trend is set to last for the next 20 years. The strain on social security will be intense. We have not seen social security increases the last couple of years, so there will be a need for sources of new income. I can’t stress enough the importance for everyone to be proactive, whether one is approaching retirement now or 30 years from now. Compound interest is your biggest friend and dividend stocks can get you results if you get going and start taking action. Speaking of action, we put three new names on our recommended list today. Be sure to check out the post if you did not read the e-mail alert we sent out earlier. Looking at the headlines, ITT Corp ( ITT ) rallied more than 16% on news the company will be splitting up into 3 separate companies. If you remember, I mentioned that investment bankers would likely be busy crunching numbers on more break-up deals, following the news about Fortune Brands ( FO ) splitting itself up. Cliffs Natural Resources ( CLF ) was higher after the company announced a $4.9B acquisition last night. Financials traded nicely higher, with JP Morgan ( JPM ) shares getting a decent pop after the CEO made comments about increasing the banking giant’s dividend payout later

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JPMorgan to Boost Dividend in Second Quarter (JPM)

Filed in ceo, Cisco, dividend, earnings, Gold Investment, jp morgan, o, shares by on January 12, 2011 0 Comments

Jamie Dimon, CEO of Banking giant JPMorgan Chase & Co. ( JPM ), late Tuesday said in a television interview on CNBC that the company will raise its dividend payout in the second quarter. Dimon also said during a speech at a healthcare conference in San Francisco that the company would like to realize a dividend payout ratio of 35% of normalized earnings. JPMorgan shares rose 67 cents, or +1.5%, in premarket trading Wednesday. The Bottom Line We began recommending shares of JP Morgan ( JPM ) back on Dec.22, when the stock was trading at $41.00. The company has a .46% dividend yield, based on last night’s closing stock price of $43.60. JPMorgan Chase & Co. ( JPM ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Jan.7 (SCHN, NEM, GES, CME, UNP, INTC, more)

We’re very happy to see that our subscribers are increasingly purchasing Dividend.com Premium subscriptions for their friends and loved ones in the form of gifts. A gift subscription to our service is a great idea, but I don’t want it to just stop there. As my kids get older, my goal is to set up time each week to teach them in easily digestible ways what they need to learn about money. I’m going to draw the lessons from the “Learn to be Rich” section of our site, as well as from our “Investing Videos” section. Of course, I could tell them to just watch the videos, but there is something to be said when it comes to engaging in a dialogue directly with your children. I know I’ll need some patience, as it can sometimes take a little time to absorb the rationale for how money works and what it is spent on and why. Whether you have children, younger relatives, or anyone that you want to help mentor about money, the idea is to consistently make time each week or month and go over one topic at a time. Growing up as a kid, talking about money never really happened at my kitchen table. My dad would talk about his day at the barber shop and if it was busy or slow, but we never got into details on how much money he made, and how the bills got paid. I had no clue what our status was financially until my dad bought his first house at age 36 — that was when we felt like we’d “made it.” I don’t want my own kids to be in the dark for most of their early lives about money, as I was. Please think about doing the same, and you can start by going through a lot of the material on Dividend.com. Also, when my book Be a Dividend Millionaire comes out (eBook this February, hardcover in May), I’m sure you’ll find it a simple and easy-to-understand read. I purposely made it that way so almost anyone can …

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Social Network Linkedln to Go Public in 2011

Filed in bank of america, jp morgan, morgan-stanley, New Gold, o, revenue by on January 6, 2011 0 Comments
Social Network Linkedln to Go Public in 2011

Filed under: Deals , Management , Internet , Entrepreneurs Sources close to the social network Linkedln say it is planning to go public, as reported in Reuters . It has filed statements with the Securities and Exchange Commission. Owner Jeff Weiner told Reuters that he has selected Morgan Stanley ( MS ), Bank of America ( BAC ) and JP Morgan ( JPM ) as book runners. Book runners take the original stock offering and then resell it to retail clients. Linkedln is a fast growing social networking site with 85 million viewers. Financial information is not available. Company revenues come from advertising. A source close to the company values it at about $2.2 billion. Continue reading Social Network Linkedln to Go Public in 2011 Social Network Linkedln to Go Public in 2011 originally appeared on BloggingStocks on Thu, 06 Jan 2011 14:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Rubber Jumps to Record High

Filed in commodities, copper, jp morgan, New Gold, o, South African Gold by on January 4, 2011 0 Comments
Rubber Jumps to Record High

Filed under: Major Movement , International Markets , Forecasts , Industry , Goodyear Tire and Rubber (GT) , Commodities , Agriculture Last week copper set record highs. JP Morgan Chase (JPM) is sitting on $1 billion of copper. Today, the story is rubber. Rubber jumped to a record high of $5.05 per kg, according to the Financial Times. Rubber is used in tires, condoms and gloves. The price has jumped 25% in two months. Bridgestone (BRDCY ) Michelin ( MGDDY ) Goodyear ( GT ) and Continental have raised tire prices three times in 2010. Continue reading Rubber Jumps to Record High Rubber Jumps to Record High originally appeared on BloggingStocks on Tue, 04 Jan 2011 14:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Gold and Silver Prices to Spike Next Week

Gold and Silver Prices to Spike Next Week

Gold and silver prices have remained volatile in both directions since October. But indications from the COMEX show suggest we may see a spike in these precious metals prices next week… As prices moved higher over the past two weeks, strong bouts of profit taking have hit the gold and silver markets in each instance, stalling the next attempt to hit another new high. World Gold and Silver Demand World investment demand for gold has increased 250% in the past ten years. Investment demand for silver has skyrocketed 522% since 2007. Sales of official gold coins (like the American Gold Eagle) have increased 618% since 2007. World governments are hoarding silver; official sales have plummeted 83% in the past three years. Gold demand for ETFs has increased 20,470% since 2002. Above-ground silver supplies dropped 86% last year. Industrial demand for silver has increased over the past decade, despite a 236% increase in prices. On the downside action over the past two weeks, strong buying support has come in as precious metals prices looked like they were going to sell off— thus our current holding pattern in gold and silver prices. This will change to the upside within the next two weeks as major buying of physical metal will need to take place in order to meet contractual obligations on the COMEX before December 31, 2010. Contracts for gold and silver December futures that demand physical metal must be met by then. But there appears to be a significant shortfall in the actual physical metal required to meet these demands — especially in silver… If these contractual obligations are not met by the 12/31/10 deadline, then we could see a default scenario, which would drive the metals prices even higher and cause great instability for other markets as well. This potential default is due to the fact that JP Morgan Chase, the largest fractional stock holder of the Federal Reserve, has been wildly shorting silver and is now caught between a rock and a hard place. Word on the street is that JP Morgan Chase has opted to go massively long copper in an attempt to hedge their losses in silver, which could be enormous. This is…

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Morgan Stanley (NYSE:MS) Top Equity Banker on Pricing, Tops JPMorgan (NYSE:JPM)

It remains to be seen the cost associated with winning the title of top equity banker is worth it to Morgan Stanley (NYSE:MS), as they overcame JPMorgan for the title, but did it by competing on price, which of course generates the question of its impact on margins and earnings. Included in some of Morgan Stanley’s big deals were equity offerings from Citigroup (NYSE:C) and General Motors (NYSE:

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Bank of America (NYSE:BAC) On Morgan Stanley (NYSE:MS) JPMorgan (NYSE:JPM), Goldman (NYSE:GS) and Citigroup (NYSE:C)

With most bank earnings falling over the last month, Bank of America (NYSE:BAC) has revised some of their EPS estimates for financial institutions for the fourth quarter, including bank majors Morgan Stanley (NYSE:MS), JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C).Out of those banks listed above, only Morgan Stanley had their EPS estimate upwardly revised by Bank of America,

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