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Toyota's Output Dips Again - Analyst Blog
Wednesday, December 29, 2010 - 1:45pm | 525Toyota Motor Corp. (TM) witnessed an 8.7% fall in global production for the third straight month in November to 656,924 vehicles. The automaker, highly criticized for its spate of automotive safety recalls this year, saw a dip in exports by 9.4% and a plunge in domestic sales by 35% during the...
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Calendar Spreads: Timing the Market with Options
Wednesday, December 29, 2010 - 12:17pm | 2116It's time to talk about the spread with three names and two personalities. Calendar spreads, a strategy constructed with a short shorter-term option and a long longer-term option with the same strike price (and the same underlying, both calls or puts), are also referred to as time spreads....
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Top M&A Deals Of 2010
Wednesday, December 29, 2010 - 10:34am | 327The Wall Street Journal has published a list of what it considers to be the five most important M&A deals of 2010. Hewlett-Packard (NYSE: HPQ) and 3Par are the first on the list. Hewlett-Packard acquired 3Par for $2.1 billion after battling with Dell (NASDAQ: DELL) to take ownership of the...
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Credit Suisse Initiates GM Coverage With OP Rating, $43 Target
Tuesday, December 28, 2010 - 11:25am | 64Credit Suisse is initiating coverage of General Motors Company (NYSE: GM) with an Outperform rating and 12-month price target of $43. “After a quick stint in bankruptcy, the primary outcome of which was a balance-sheet cleansing and the installation of new management and Board, we think GM offers...
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Even the U.S. government wants a piece of the palladium pie
Tuesday, December 28, 2010 - 10:48am | 499The simmering silver market has been getting all the attention of late, but palladium's actually outperformed its rival precious metal by 12 percent this year. That's right; silver's up 71 percent this year, and Palladium's rocketed up 83 percent. What gives? Growing industrial demand and investor...
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Why The Rare Earth Cut Is So Important (REE, MCP, SHZ)
Tuesday, December 28, 2010 - 10:35am | 273Rare earth metal names are getting a boost this morning after China said it would cut its quota from last year for 2011 by 11%. This obviously is boosting names like Molycorp (NYSE: MCP) Rare Elements Resources and China Shen Zhou Mining & Resources Inc. (NYSE: SHZ). The reason this is so...
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Benzinga's Top Pre-Market Losers (SJM, BIDU, S, F)
Tuesday, December 28, 2010 - 9:49am | 121J.M. Smucker Company (The) (NYSE: SJM) dipped 3.10% to $63.80 in the pre-market session. SJM's PEG ratio is 2.13. Baidu Inc (NASDAQ: BIDU) lost 1.13% to $99 in the pre-market session. BIDU's shares have surged 135.99% over the past 52 weeks, while the S&P 500 index has gained 11.51% in the same...
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China Cutting Rare Earth Exports By 11%
Tuesday, December 28, 2010 - 9:10am | 212In its first round of permits for the new year, China has cut rare earth export quotas by 11%. Bloomberg reports that this could worsen a global shortage of minerals that are needed for a wide range of items, including smartphones, hybrid cars and guided missiles. The Ministry of Commerce says that...
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JP Morgan: GM Well Positioned For Benefits
Tuesday, December 28, 2010 - 9:05am | 167JP Morgan has published a research report on General Motors (NYSE: GM) and has initiated coverage on the company with an Overweight rating. In the report, JP Morgan writes "We believe the stock offers considerable medium term product opportunity, a sound balance sheet that will delever...
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Citigroup Initiates General Motors At Buy
Tuesday, December 28, 2010 - 8:02am | 24Citigroup has initiated coverage on General Motors (NYSE: GM) with a Buy rating and $44 price target.
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JP Morgan Initiates General Motors At Overweight
Tuesday, December 28, 2010 - 8:00am | 25JP Morgan has initiated coverage on General Motors (NYSE: GM) with an Overweight rating and $44 price target.
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Citigroup Opens GM With Buy
Tuesday, December 28, 2010 - 7:22am | 50Analysts at Citigroup initiate coverage of General Motors Company (NYSE: GM) with a “buy” rating. The target price for GM is set to $45. GM shares gained 2.31% to $35.40 in pre-market trading. More Analyst Ratings here
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JP Morgan Initiates GM With Overweight
Tuesday, December 28, 2010 - 7:20am | 51Analysts at JP Morgan initiate coverage of General Motors Company (NYSE: GM) with an “overweight” rating. The target price for GM is set to $44. GM shares rose 2.31% to $35.40 in pre-market trading. More Analyst Ratings here
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Toyota Settles Lawsuit (TM)
Monday, December 27, 2010 - 1:42pm | 103Toyota Motors (NYSE: TM) is up 22 cents to $77.88, despite it settling a fatal car crash lawsuit for $10 million last week. The amount was agreed in September but kept private until now. Toyota did not admit or deny liability as part of the settlement. In its statement, the Japanese car maker...
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Crime Beginning to Deter Foreign Investment in Mexico
Monday, December 27, 2010 - 12:24pm | 621By Girish Gupta Nearly 30 people were killed last week as an oil pipeline exploded in the central Mexican state of Puebla. Owned by state-owned oil company Pemex, the pipeline is thought to have been under attack from thieves, siphoning oil off in order to sell it on. With "rivers of fire" reported...