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GNTX Upgraded To Gradually Accumulate At Soleil
Thursday, May 27, 2010 - 8:35am | 48Analysts at Soleil Securities Group upgrade Gentex (NASDAQ: GNTX) from "hold" to "gradually accumulate." The target price for GNTX is set to $25. GNTX’s shares closed at $19.09 yesterday. More Analyst Ratings here
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2010 Fund Performance Period 5
Wednesday, May 26, 2010 - 3:30pm | 4279The mutual fund is now on schedule for a late summer.early fall 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions]...
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Monitoring Put/Call Ratio 05-24-2010
Monday, May 24, 2010 - 2:45pm | 853Cusick’s Corner What a weekend -- the Hawks are going to the Stanley Cup (huge hockey fan, but I guess I have to be with 4 kids in travel hockey), had our first 90 degree day in Chicago and during the last 20 minutes of trading on Friday, the SPX decided to pop almost 20 points. This market...
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Calls Purchased on Lear Corp. (LEA)
Monday, May 24, 2010 - 1:29pm | 115Shares of Lear Corp. (NYSE: LEA) are lower on the session by 0.31%, currently trading $66.68. The stock has been selling off as of late and is now trading below the 50-day moving average. One trader is betting that the stock will hold this level and perhaps move higher, however. I am seeing calls...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 42
Monday, May 24, 2010 - 9:27am | 1483Year 3, Week 42 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 84.5% (v 75.0% last week)18 long bias: 13.5% (v 18.2% last week)2 short bias: 2.0% (v 6.8% last week) [Includes 1 'long dollar' position]...
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Johnson Controls Bids For Visteon Operations (JCI, F)
Friday, May 21, 2010 - 4:16pm | 126Johnson Controls has submitted a $1.25 billion bid to buy Visteon Corp.'s interiors and electronics businesses. Johnson Controls’ (JCI) chief executive officer Stephen A. Roell said, “We believe that Visteon's interiors and electronics businesses would be an excellent strategic fit with our...
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Indian 3G Auction: The Aftermath - Analyst Blog
Thursday, May 20, 2010 - 12:54pm | 1447The prolonged 3G spectrum (radio airwave) auction in India was finally wrapped up on May 19, 2010, according to the country’s Department of Telecommunications (DoT). The auction, which started on April 9 and lasted for 34 days with 183 rounds of aggressive bidding, has fetched a staggering INR667....
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Top 5 Small-Cap NASDAQ Stocks In The Consumer Goods Sector With The Highest Return On Equity (MLHR, COKE, FSYS, LANC, TRLG)
Tuesday, May 18, 2010 - 6:34am | 157Below are the top 5 small-cap consumer goods stocks on the NASDAQ in terms of ROE. Herman Miller Inc (NASDAQ: MLHR) has a trailing-twelve-month ROE of 41.83%. MLHR has a 52 week trading range of $13.27-$22.50. Coca-Cola Bottling Company (NASDAQ: COKE) has a trailing-twelve-month ROE of 39.60%. COKE...
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Market Bounces Back 05-17-2010
Monday, May 17, 2010 - 6:49pm | 717Cusick’s Corner The market recovered nicely going into the afternoon, might be a fundamental change in mind set or maybe just a squeeze going into options expiration week. Energies were the buoy today, with Oil bouncing and Materials making up their earlier session lows. While this is not to be...
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Puts Purchased in Magna as Stock Falls (MGA)
Monday, May 17, 2010 - 2:49pm | 110Shares of Magna International (NYSE: MGA) are falling today by 2.29%, currently trading $72.15. The stock has exploded higher over the past year, especially in the near-term when it spiked to $75. The stock is now selling off, toward the 50-day moving average. Options traders are buying puts today...
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Westport Innovations (WPRT) Downgraded
Monday, May 17, 2010 - 2:12pm | 103Westport Innovations (NASDAQ: WPRT) has been downgraded by Jefferies & Co. from Buy to Hold, given the likely slowdown in orders. The price target has also seen a downward revision to $20 from the previous level of $23. Westport’s CNG/LNG technology for heavy vehicles puts it in a good position...
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American Axle Sells Off; Attracts Bears (AXL)
Monday, May 17, 2010 - 1:48pm | 134Shares of American Axle & Manufacturing Holdings (NYSE: AXL) are falling hard today; the stock is currently off 6.76% at $8.42. The stock was flirting with the 50-day moving average, but has failed to regain that level and are heading lower. The stock is now sitting right on the 200-day...
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Bookkeeping: More Stop Losses Hitting
Monday, May 17, 2010 - 12:54pm | 666A few more stop losses triggered this morning: Lennar (LEN) and BorgWarner (BWA) Lennar for half the remaining position (I had already taken some off the table earlier for profit) was set at $17.60s. These are being sold at a 3% loss. BorgWarner, about 55% was sold at a stop loss of $38.70; about...
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Oppenheimer Initiates SORL Auto Parts (SORL) Coverage With Outperform Rating
Monday, May 17, 2010 - 11:31am | 184Oppenheimer & Co. analyst Andy Yeung initiated coverage of SORL Auto Parts, Inc. (Nasdaq: SORL) with an Outperform rating and a $15 per share price target. SORL Auto Parts, Inc. is a manufacturer of air brake systems and components for commercial vehicles and Yeung said it should benefit from...
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Oppenheimer Initiates China Automotive Systems (CAAS) Coverage
Monday, May 17, 2010 - 11:06am | 214Oppenheimer & Co. analyst Andy Yeung initiated coverage of China Automotive Systems, Inc. (Nasdaq: CAAS) with an Outperform rating and a $25 per share price target. Yeung said that as a key supplier to Chinese auto manufacturers, China Automotive Systems is benefiting from the growth in...