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Calls Sold on Dana Holding Corp. (DAN)
Tuesday, July 13, 2010 - 11:23am | 129Shares of Dana Holding Corp. (NYSE: DAN) are higher on the session by 4.48%, currently trading at $10.97. The stock has been trading lower over the past few months, but has managed to hold onto the 200-day moving average. Options traders are selling calls on the name today, betting that any rally...
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Slow Trading - But Stay On Your Toes 07-09-2010
Friday, July 9, 2010 - 2:15pm | 722Cusick's Corner The market is hanging in there but still not able to break down trend. Key sectors like XLF, XLK, and XLI have yet to breakout with conviction. Watch the last few hours of trading, some new shorts may potentially hit the market. Do not let the dog days of summer lull you. Stay on...
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Stocks Hitting 52-Week Highs (IIJI, BNCN, WMCO, CPNO)
Tuesday, July 6, 2010 - 2:55pm | 184Internet Initiative Japan Inc (NASDAQ: IIJI) shares reached $8.18 to create a new 52-week high, before slipping to $8.14. IIJI’s trailing-twelve-month revenue stands at $774.25 million. BNC Bancorp (NASDAQ: BNCN) shares gained 9.30% to create a new 52-week high of $10.99. BNCN’s trailing-twelve-...
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WPRT Acquires OMVL, Consolidates Juniper
Tuesday, July 6, 2010 - 2:07pm | 221Analysts at Jefferies & Co reiterate their "hold" rating on Westport Innovations (NASDAQ: WPRT), while reducing their estimates for the company. The target price for WPRT is set to $17. According to Jefferies & Co, “Westport is acquiring 100% of the outstanding shares of OMVL SpA and OMVL's...
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Protection Purchased on Dana Holding Corp. (DAN)
Tuesday, July 6, 2010 - 11:27am | 131Shares of Dana Holding Corp. (NYSE: DAN) are higher on the session by 2.74%, currently trading at $9.75. The stock has been trading lower over the past three months and is now testing the 200-day moving average. Options traders are buying a bit of protection today. The July $10.00 put was...
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Modine (MOD) Up-Beat In Meeting
Friday, July 2, 2010 - 4:16pm | 114Modine Manufacturing Company (NYSE: MOD) management highlighted a new company culture, new products, and a recovery in end markets during its meeting with JPMorgan analysts in Philadelphia. The management of the Overweight-rated company declared their goal to achieve a 50% share of the €250MM...
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Another Round of Disappointing Economic News 07-01-2010
Thursday, July 1, 2010 - 6:45pm | 728Cusick’s Corner The market stayed in a tight range this afternoon after a nice bounce from the morning lows, but this is not a market in which you want to be catching falling knives. For you traders, there is a big employment number tomorrow, so I would suggest that you stay disciplined and may...
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On Cusp of Deflationary Environment 07-01-2010
Thursday, July 1, 2010 - 5:57pm | 818Cusick’s Corner This is going to be a tough market to try to peg entries on either the long or short side. What is becoming abundantly clear is that all of us have to become more acquainted with how and potentially what to trade in a Deflationary environment. Yes, I have had colleagues (thanks...
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Hawk Considering Selling Itself
Thursday, July 1, 2010 - 9:02am | 120Hawk Corporation (AMEX: HWK) announced today that to enhance stockholder value, its Board of Directors has commenced a process to explore and consider possible strategic alternatives, including a possible sale of the Company. A Special Committee of the Board has been formed and has retained Harris...
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Mad Money Lightning Round OT Recap (WAL, CYN, TRW, AKS)
Wednesday, June 30, 2010 - 8:11pm | 161Jim Cramer said on CNBC's Mad Money that he prefers City National Corporation (NYSE: CYN) instead of Western Alliance Bancorporation (NYSE: WAL). City National Corporation (CYN) fell 2.21%, and Western Alliance (WAL) dropped 3.63% today. TRW Automotive Holdings Corp. (NYSE: TRW) should be bought in...
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Top 4 Stocks In The Auto Parts Industry With The Highest 5-Y Earnings Estimates (SMP, ARM, ALV, BWA)
Wednesday, June 30, 2010 - 6:00am | 148Below are the top auto parts stocks on the NYSE and the NASDAQ in terms of 5-Y earnings estimates. Standard Motor Products Inc (NYSE: SMP) is likely to achieve 222.2% earnings growth over the next five years. SMP’s quarterly earnings soared 349.90% y/y. ArvinMeritor Inc (NYSE: ARM) is likely to...
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Upside Purchased on Johnson Controls (JCI)
Tuesday, June 29, 2010 - 1:50pm | 127Shares of Johnson Controls Inc. (NYSE: JCI) are lower on the session by 4.18%, currently trading at $26.59. The stock has been trading largely lower over the past two months. Options traders are betting that the stock could recover from here, though. The July $25.00 call was purchased, on the...
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Puts Purchased on Fuel Systems Solutions (FSYS)
Tuesday, June 29, 2010 - 1:40pm | 136Shares of Fuel Systems Solutions (NASDAQ: FSYS) are lower on the session by 5.00%, currently trading at $26.05. The stock has been trading largely sideways ever since a steep sell off in January. Options traders are buying puts on the name today. The August $25.00 put was purchased 1,400 times, on...
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Citigroup Maintains Buy Rating On Magna International (MGA)
Friday, June 25, 2010 - 1:41pm | 142In a company note released today, Citigroup (NYSE: C) analysts reiterated their Buy rating on shares of Magna International (NYSE: MGA) and their $87 price target. The company is trying to collapse its dual-class share structure. The Citi analysts wrote, "if the proposal is enacted, we judge it...
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A Peek Into The Market At The Start Of The Trading Day
Friday, June 25, 2010 - 9:44am | 379Pre-open US stock futures moved up today, after bank stocks rose across the board. The banks got a lift after Congressional negotiators agreed on banking reform rules that were not as harsh as feared. While futures on the S&P 500 added 4.6 points to 1075.10, those on the Dow Jones Industrial...