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Stocks To Watch For August 4
Thursday, August 4, 2011 - 2:08am | 233Some of the stocks that may grab investor focus today are: Wall Street expects General Motors Company (NYSE: GM) to report its Q2 EPS at $1.20 on revenue of $36.71 billion. GM shares surged 1.21% to $27.50 in after-hours trading. Zumiez Inc (NASDAQ: ZUMZ) reported a 4.9% rise in its July sales at...
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Memories 08-03-2011
Wednesday, August 3, 2011 - 5:27pm | 1013Cusick's Corner Will history repeat itself? The pullback yesterday and over the last 8 sessions brought back memories of 2000 and 2007, where we had large breakdowns, relief rally and then a continuation to the downside. So why am I not screaming the sky is falling? The current pullback is after a...
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Nissan Electric Cars May Soon Power Homes
Wednesday, August 3, 2011 - 1:23pm | 127Nissan Motor Co. (OTC: NSANY) said Tuesday it has developed a system to supply electricity to homes from batteries installed in its Leaf electric vehicle, allowing the car to serve as a power backup in emergencies. The automaker plans to market the system, called the Power Control System, by the...
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News Summary for August 3, 2011
Wednesday, August 3, 2011 - 7:05am | 577This is your Benzinga news summary and traders' outlook for Wednesday, August 3, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set to rebound today after moving into negative territory for the year...
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Benzinga's Top Pre-Market Losers
Wednesday, August 3, 2011 - 7:03am | 123Garmin Ltd (NASDAQ: GRMN) dipped 12.56% to $27.57 in the pre-market session. GRMN reported downbeat Q2 profit. Ford Motor Company (NYSE: F) lost 0.34% to $11.81 in the pre-market session. Ford shares have dropped 8.21% over the past 52 weeks, while the S&P 500 index has gained 11.92% in the...
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 12:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Nissan July Sales Up 2.7%
Tuesday, August 2, 2011 - 12:25pm | 53Nissan North America, Inc. (OTC: NSANY) today reported July U.S. sales of 84,601 units versus 82,337 units a year earlier, an increase of 2.7 percent. Nissan Division sales increased 6.4 percent for the month at 77,191 units. Sales of Infiniti vehicles decreased 24.1 percent from the prior year,...
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Auto, Truck Sales Data Due Out at 3 pm Eastern
Tuesday, August 2, 2011 - 12:15pm | 740Two key economic figures are due out at 3:00 EST Tuesday, and traders are eagerly awaiting both to see how the market might react in late-day trading. The Monthly Auto and Truck Sales figures are each scheduled to be released this afternoon, providing a glimpse into how well auto and truck...
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Georgia Peaches Bruised by Budget Cuts
Tuesday, August 2, 2011 - 9:52am | 463By Justin Rohrlich If Detroit couldn't have survived without General Motors (GM), if the failure of Merrill Lynch (BAC) or Citi (C) would have threatened the very existence of Wall Street and tax breaks for Exxon Mobil (XOM) and ConocoPhilips (COP) are “in the national interest,” then what to make...
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Earnings Roundup
Tuesday, August 2, 2011 - 8:30am | 1919Archer Daniels Midland Co (NYSE: ADM) reported a decline in its fiscal fourth-quarter profit. Archer Daniels Midland reported its quarterly profit at $381 million, or $0.58 per share, down from $446 million, or $0.69 per share, in the year-earlier period. Analysts were expecting earnings of $0.85...
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UPDATE: Toyota Reports Strong Decline In Q1 Net Income, Lifts Forecast
Tuesday, August 2, 2011 - 3:28am | 107Toyota Motor Corp (NYSE: TM) reported a 99.4% decline in its Q1 net income and raised its annual earnings outlook. Toyota's quarterly net income dipped to 1.16 billion yen ($15 million), from ¥190.47 billion, in the year-ago period. The company posted an operating loss of 108 billion yen ($1.4...
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Mad Money Lightning Round: Cramer Likes eBay
Tuesday, August 2, 2011 - 2:17am | 170On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Hyperdynamics (NYSE: HDY) is a “very speculative stock.” He advises investors “not to buy above $5 a share.” Cramer said that Magnum Hunter Resources (NYSE: MHR) is “too risky right now.” He added, “I would rather go with...
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Earnings Preview: General Motors Company
Monday, August 1, 2011 - 3:35pm | 451General Motors Company (NASDAQ: GM) releases its next round of earnings this Thursday, August 4, 2011. Here's Benzinga's advanced look at General Motors' second quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of $1.21/share and revenues of $36.71 billion...
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I, For One, Welcome Our New Robot Overlords
Monday, August 1, 2011 - 11:11am | 481Foxconn announced this morning that it is going to add 1 million robots to its assembly lines to help with production of products such as the Apple (NASDAQ: AAPL) iPad, iPhone and other products manufactured there. There are supposedly 10,000 robots working at the factory now, and that number is...
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Earnings Roundup
Monday, August 1, 2011 - 7:34am | 705Allstate Corp (NYSE: ALL) swung to a second quarter loss on Monday. Allstate reported a quarterly loss of $642 million, or $1.19 per share, versus a profit of $441 million, or $0.27 per share, in the year-earlier period. Its catastrophe losses surged to $2.34 billion, from $96.8 billion, in the...