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Company News for February 5, 2010 - Corporate Summary
Friday, February 5, 2010 - 10:25am | 198• Air Products (NYSE:APD) announced plans to acquire Airgas (NYSE:ARG) for $60 per share, or $5.1 billion • Aetna (NYSE:AET) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was...
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NYSE Earnings Roundup (TE, AXL, AYE)
Friday, February 5, 2010 - 10:14am | 259TECO Energy, Inc. (NYSE: TE) reported today a fourth quarter earnings of $53.5 million, or $0.25 per share, as compared to $22 million, or $0.10 per share, for the same quarter last year. Revenue was $765 million as compared to $770 million in the year ago period. Analysts on an average expected...
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Benzinga’s Top Upgrades (MET, WFR, MOT, TEN, HGG)
Friday, February 5, 2010 - 10:00am | 265MetLife, Inc. (NYSE: MET) was upgraded today by FBR Capital from Market Perform to Outperform and the price target increased to $46 from $43. MetLife is now trading at $35.39, 1.90% up in the pre-market session. MetLife closed at $34.73 in the previous trading session. In the last year, MET has...
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WABCO Holdings, Inc. (WBC) Fourth-Quarter Review
Thursday, February 4, 2010 - 11:46am | 120Analysts at JP Morgan (NYSE: JPM) have released a report reviewing the fourth-quarter at WABCO Holdings, Inc. (NYSE: WBC). The company reported strong results for the fourth quarter. The operating EPS of $0.36 came in ahead of analysts’ estimate of $0.34. The consensus forecast for EPS was of $0.29...
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ARM Leveraged To Next Truck Cycle
Wednesday, February 3, 2010 - 1:52pm | 140Analyst David Leiker of Robert W Baird upgrades ArvinMeritor Inc (NYSE: ARM) to "outperform," while raising his estimates for the company. The target price for ARM is set to $15. ArvinMeritor reported its FQ1 results ahead of expectations, driven by better-than-expected revenue growth and margins....
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JCI Upgraded To Neutral
Wednesday, February 3, 2010 - 11:00am | 38Analysts at Goldman Sachs upgrade Johnson Controls Inc (NYSE: JCI) from "sell" to "neutral." The target price for JCI has been raised from $22 to $32. JCI’s shares closed at $29.02 yesterday.
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Modine Returns To Profitability (MOD)
Tuesday, February 2, 2010 - 1:32pm | 156Modine Manufacturing Co. (NYSE: MOD), which was hammered during the global recession as its stock plunged to less than $1.00, returned to profitability for the first time in six quarters. Modine, a diversified leader in radiators and thermal management systems, earned $3.8 million, or $0.08 per...
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Monday's Hot Stocks on BIG Volume: A Time to Get Sirius?
Tuesday, February 2, 2010 - 9:09am | 2041With the major indices trading higher Monday, there were many stocks which broke out to the upside on BIG volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to...
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Autoliv Shares Jump On Better Than Expected Earnings (ALV, FORD)
Friday, January 29, 2010 - 2:26pm | 153Autoliv Inc. (NYSE: ALV) posted pretax earnings of $98 million for the October-December quarter, much better than Reuters’ poll of $69 million and last year’s $47 million. Backed by a firm recovery in the light vehicle production in North America and strong sales expectations from emerging...
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Benzinga’s Top Pre-Market Gainers (COHR, ALV, AMZN, ARMH, LSCC, MXIM)
Friday, January 29, 2010 - 9:19am | 390Coherent, Inc. (NASDAQ: COHR) increased 3.63% to $27.70 in the pre-market session after Coherent reported yesterday a first-quarter net income of $4.179 million or $0.17 per share, as compared to a net loss of $14.679 million or $0.61 per share for the same quarter last year. The 52-week trading...
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Benzinga’s Earnings Roundup (NWL, ALV, MAT, HON, DOV)
Friday, January 29, 2010 - 8:53am | 389Newell Rubbermaid Inc. (NYSE: NWL) reported today a fourth-quarter profit of $60.6 million, or $0.20 per share, from a loss of $256.7 million in the year ago period. Sales declined 2% to $1.42 billion. Newell Rubbermaid expects 2010 earnings per share to be in the range of $1.35 - $1.45. Analysts...
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Benzinga’s Volume Movers (FFBC, NFLX, GNTX, ALGN, UTHR)
Thursday, January 28, 2010 - 3:29pm | 198First Financial Bancorp (NASDAQ: FFBC) shares gained 6.94% to $16.19. The volume of FFBC shares traded was 1311% higher than normal. FFBC has entered into an underwriting agreement for the sale of about 85 million common shares. Netflix Inc (NASDAQ: NFLX) shares jumped 22.48% to $62.43. The volume...
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Gabelli Initiates FDML With Buy
Wednesday, January 27, 2010 - 10:14am | 47Gabelli initiated coverage of Federal-Mogul (NASDAQ: FDML) with a “buy” rating. Gabelli believes that FDML will benefit going forward from the recovery in the automobile industry and regulatory changes. FDML's share price has jumped by 3.32% to $17.73 in pre-market trading.
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Benzinga’s Top Downgrades (CI, JCI, WBD, AXE, TSCO)
Tuesday, January 26, 2010 - 10:12am | 265CIGNA Corporation (NYSE: CI) declined 1.32% to $35.87 in the pre-market session after CIGNA Corporation was downgraded by Oppenheimer to Perform from Outperform and the price target set to $38. The 52-week trading range for CI is $12.68 - $39.26. CIGNA Corporation closed at $36.35 in the previous...
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Jim Favors Foreign-Oriented Oil Stocks, COV, FLIR, ARST, AAPL; Expects Energy, Healthcare, Technology, Financial Stocks To Decline
Tuesday, January 26, 2010 - 7:49am | 380After the markets dipped last week, a mere modest 24-point rally in the Dow Jones Industrial Average brought out optimism in Jim Cramer. He said that last week's sell-off depicted that Washington exerts a far more powerful impact than anything on Wall Street. Jim finds the US much less a safe place...