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2010 Fund Performance Period 6
Thursday, June 24, 2010 - 3:54pm | 3836If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Manager] [...
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More Retail Carnage (NKE, BBBY, ANF, ANN, JCG, JOSB)
Thursday, June 24, 2010 - 11:36am | 268I've been watching the retail sector closely today following lackluster earnings reports from Nike (NYSE: NKE) and Bed, Bath & Beyond (NASDAQ: BBBY). Not surprisingly, many retailers are not faring well. Abercrombie & Fitch (NYSE: ANF) is down $1.10, or 3.37%, to $31.55. AnnTaylor (NYSE:...
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Time To Get Short Retail (XRT, JWN, M, BBBY, ANF)
Tuesday, June 22, 2010 - 3:33pm | 211Today's market action is suggesting that U.S. equity indices are beginning to break down, as leading indicators are increasingly pointing to the likelihood of a double dip recession. The number that the market was focusing on today was existing home sales, which were very disappointing. The...
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Puts Trade on Collective Brands (PSS)
Tuesday, June 22, 2010 - 3:09pm | 139Shares of Collective Brands Inc. (NYSE: PSS) are lower on the session by 1.67%, currently trading at $17.68. The stock has been drifting lower and lower over the past two months and is now in a technical downtrend. Options traders appear to be buying puts once again today. The September $20 put...
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Piper Jaffray Reiterates Overweight Rating on Abercrombie & Fitch (ANF)
Tuesday, June 22, 2010 - 12:27pm | 104After meeting with management, Piper Jaffray & Co. reiterated its Overweight rating on Abercrombie & Fitch (NYSE: ANF) today. Citing "high international gross margins, strong tourist demand, and upcoming flagship openings," Piper Jaffray confirmed its $54 price target. Piper Jaffray remains...
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Safety First for FirstEnergy - Analyst Blog
Tuesday, June 22, 2010 - 10:54am | 405In an effort to ensure safety and reliability, FirstEnergy Nuclear Operating Company, a unit of FirstEnergy Corporation (FE), has decided to accelerate the replacement of a reactor head at the company's Davis-Besse nuclear power station in Oak Harbor. This reactor was shut down on February 28...
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Stock Market News for June 22, 2010 - Market News
Tuesday, June 22, 2010 - 9:51am | 608Beijing’s weekend promise of a more flexible renminbi invigorated markets across the globe but absence of clear-cut details in China’s pledge had Wall Street wiping off strong early-morning gains in a late-day slide. The Dow average closed down 8 points, after having risen as much as 143 points in...
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Retailers Crushed As China Revalues Yuan (ANN, JCG, ANF)
Monday, June 21, 2010 - 3:48pm | 127Shares of some U.S. retailers are coming under intense selling pressure today on news that China would allow its currency to appreciate against the U.S. dollar. This move could provide a boost for companies that exports goods, but could also raise input costs as well. Many retailers benefit from...
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Xcel Energy Provides Business Plan - Analyst Blog
Monday, June 21, 2010 - 12:12pm | 708At an investor meeting on June 18, Xcel Energy Inc. (XEL) provided details of its future operations, business plans and earnings guidance. Xcel Energy’s long-term plan is to produce more power from renewable sources, and it is consistently working toward that aim. Xcel Energy expects to generate...
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Retailers Lagging Early (XRT, ANF, JCG, PLCE, ANN)
Monday, June 21, 2010 - 10:04am | 130The Dow Jones Industrial Average is currently up 125 points, or 1.20%, to 10,576 this morning. But, somebody forgot to tell the retail stocks about today's rally. The SPDR S&P Retail ETF (NYSE: XRT) is only slightly positive, up 15 cents, or 0.38%, to $39.56. Some select retailers are...
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Benzinga’s Top Pre-Market Losers (AFFY, PSEC, PPL, TJX)
Monday, June 21, 2010 - 8:38am | 161Affymax Inc (NASDAQ: AFFY) tumbled 52.46% to $ $10.94 in the pre-market session. AFFY’s experimental drug for treating patients suffering from anemia with chronic renal failure has achieved its target in four late-stage studies. Prospect Capital Corporation (NASDAQ: PSEC) lost 5.24% to $10.30 in...
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Zacks Analyst Blog Highlights: Life Technologies, Gen-Probe, Roche, Becton Dickinson and Abbott Labs - Press Releases
Monday, June 21, 2010 - 8:04am | 1198For Immediate Release Chicago, IL – June 21, 2010 – Zacks.com Analyst Blog features: Life Technologies Corporation (LIFE), Gen-Probe Inc (GPRO), Roche (RHHBY), Becton Dickinson (BDX) and Abbott Labs (ABT). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros...
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Gen-Probe Invests in PacBio - Analyst Blog
Friday, June 18, 2010 - 12:33pm | 627Diagnostic product maker Gen-Probe Inc (GPRO) has made a $50 million strategic investment in privately-held DNA sequencing firm Pacific Biosciences Inc (PacBio). The companies will collaborate on developing products based on their proprietary technologies. Per the deal, the companies will...
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AES China Expands Hydel Capacity - Analyst Blog
Thursday, June 17, 2010 - 11:51am | 437AES China Hydropower Investment Co. Pte. Ltd., a wholly-owned subsidiary of AES Corporation (AES), signed a pact with China Water Affairs Group to acquire interest in the Jianghe Rural Electricity Development Co Ltd. joint venture. Under the agreement, AES China will acquire 49% interest in...
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Bleak Housing Starts Data Leads Retail Sector In The Red Today
Wednesday, June 16, 2010 - 2:14pm | 189Retail stocks dropped today on news of the US home builders curbing construction beyond expectations. It triggered further anticipation that construction materials and home related products’ demand may be adversely affected. The S&P Retail Index (RLX) inched up 1.27%, to 441.69 by 12:48 pm....