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Downward Revision In Auto Industry Sales
Tuesday, September 7, 2010 - 1:43pm | 163Sales in the auto industry could be slower than was earlier anticipated. Credit Suisse on Tuesday reduced its projection for US light vehicle sales for the year to 11.4 million cars and trucks, from its earlier forecast of 12 million. The brokerage firm said that the downward revision was on...
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Quantum Awarded $30 Million Contract (QTWW)
Tuesday, September 7, 2010 - 9:34am | 107Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced today that it has received a $30 million purchase order for supplying key components and subsystems related to Quantum's proprietary Q-Drive™ powertrain systems for the Fisker Karma production program under the terms of its...
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ATC Technology Corporation and GENCO Distribution System, Inc. Announce Expiration for Pending Merger (ATAC)
Tuesday, September 7, 2010 - 8:08am | 91ATC Technology Corporation (Nasdaq: ATAC) and GENCO Distribution System, Inc. today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to GENCO's proposed merger with ATC has expired, thereby satisfying a condition to the closing of the...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 5
Tuesday, September 7, 2010 - 8:07am | 2274Year 4, Week 5 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 71.4% (v 71.0% last week) 24 long bias: 28.3% (v 20.7% last week) 2 short bias: 0.3% (v 8.3% last week) 26 positions (vs 25 last week)...
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Honeywell Wins Contract - Analyst Blog
Friday, September 3, 2010 - 2:36pm | 597A group company of Honeywell International Inc. (HON), UOP LLC, has been selected to provide its process technology for the conversion of biomass to transportation fuels in Rentech Inc.'s Rialto Renewable Energy Center. UOP LLC is a worldwide leading provider of process technology used to transform...
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Bookkeeping: Some Sales
Friday, September 3, 2010 - 10:40am | 611I said I'd be looking to add some long exposure but that does not mean I am not going to sell some as well; what I want to do is sell some of the overextended names and buy some things that are not so overbought. This way I can keep a decent long bias, but just change the mix of names &...
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Bookkeeping: Selling Half of Magna International (MGA)
Thursday, September 2, 2010 - 11:29am | 475This is my first foray with auto supplier Magna International (MGA), hence due to that factor plus when I bought the stock the S&P 500 was being kicked in the groin on a daily basis I started off with a modest position of 1.3% or so. The stock held up really well (versus my purchase point in...
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Deutsche Bank Out With Potential Additions To S&P 500 (WLT, ASH, BWA, JEF, CXO)
Wednesday, September 1, 2010 - 3:46pm | 429Deutsche Bank is out with its report on company's it speculates could be added to the S&P 500 index. It posts a list of 25 companies, and the newest additions are Walter Energy (NYSE: WLT), Ashland (NYSE: ASH), which both made it to the top 10 of the list. BorgWarner (NYSE: BWA), Jefferies...
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A Peek Into The Market Before The Trading Starts
Wednesday, September 1, 2010 - 9:12am | 483Pre-open movers US stock futures rose on Wednesday, giving some hope to the equity market. Futures on the Dow Jones Industrial Average rose 103 points to 10,109, those on the S&P 500 gained 13.10 points to 1,061 and Nasdaq futures were up 25.75 points to 1,792. August was not a good month, with...
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Wells Fargo Securities Reiterates Outperform Rating on Magna (MGA)
Wednesday, September 1, 2010 - 8:48am | 146Wells Fargo Securities is out with a research report this morning, where it reiterates its Outperform rating on Magna International Inc. (NYSE: MGA); it lowered its valuation range to $92-$100, from $94-103. The WFS analysts cited a revision to the company’s cash payments to Stronach trust for the...
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Zacks #1 Rank Additions for Wednesday - Tale of the Tape
Wednesday, September 1, 2010 - 8:33am | 313Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: American Axle & Manufacturing Holdings Inc (AXL) Asbury Automotive Group, Inc (ABG) Chesapeake Utilities Corp (CPK) CNB Financial Corp (CCNE) Enstar Group Ltd (ESGR) View the entire Zacks #1 Rank List. ASBURY...
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Magna Completes Arrangement Plan (MGA)
Tuesday, August 31, 2010 - 3:59pm | 51Magna International Inc. (NYSE: MGA) today announced that the plan of arrangement to eliminate Magna's dual-class share structure has been completed. Magna's common shares will commence trading under the symbol 'MG' on the Toronto Stock Exchange at the start of trading on September 1, 2010.
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Johnson Wins German Contract - Analyst Blog
Monday, August 30, 2010 - 1:03pm | 561Johnson Controls Inc. (JCI) has won a 10-year energy performance contract with the German Army valued at €1.3 million ($1.7 million). Under the deal, Johnson will modernize the army’s Oranienstein base in Diez. The project has already started and is slated to complete by the end of this year....
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 4
Monday, August 30, 2010 - 8:06am | 1804Year 4, Week 4 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 71.0% (v 80.2% last week) 20 long bias: 20.7% (v 17.7% last week) 5 short bias: 8.3% (v 2.1% last week) 25 positions (vs 20 last week)...
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Zacks Releases Four Powerful ''Buy'' Stocks: Federal-Mogul, TransMontaigne Partners L.P, 99c Only Stores and The Finish Line - Press Releases
Friday, August 27, 2010 - 2:36pm | 1335For Immediate Release Chicago, IL – August 27, 2010 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...