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Morning Briefing

Friday, February 19, 2010

Morning Matters:

Rates Are Going Up Worldwide
by Geoff Garbacz

The Federal Reserve after the market closed on Thursday raised the discount rate from .50 percent to .75 percent a quarter of a point. The discount rate is the rate the Federal Reserve charges banks for short term loans. The initial reaction is a selloff of stocks. More...

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Today's Superstock Investor Stock Scorecard:

SCHWAB (CHARLES) CORP (SCHW)
by Superstock Investor

This morning Goldman Sachs upgraded Charles Schwab from sell to neutral. In our humble opinion, it should have been buy. Our price target is some 20% from the current level. The upper bound is some 40% away. Expect another upgrade down the pike from Goldman to buy. More...

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