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Joe Terranova Burned By Ford (F)
Friday, July 9, 2010 - 8:54pm | 134On June 3rd, CNBC Fast Money's Joe Terranova recommended investors to buy Ford (NYSE: F). He thought that Ford's (F) fundamentals are improving, and stock looked like it has bottomed out. Since his recommendation, Ford (F) dropped more than 8%. Joe Terranova believes that large money managers are...
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Heightened Expectations Before Earnings Season Starts 07-09-2010
Friday, July 9, 2010 - 6:59pm | 750Cusick’s Corner The trading week has come to an end and the bulls have taken this market somewhat by the horns. I say somewhat because this recent rally (close to 5% in the S&P September E-minis) has not broken through the down trend from the May highs on any index. We need to also remember...
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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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Potential BP (NYSE:BP) option trades, bullish and bearish
Wednesday, July 7, 2010 - 12:29pm | 1789Roughly two-and-a-half months after the April 20 Deepwater Horizon disaster, BP plc (NYSE:BP) may be pulling itself up by its proverbial bootstraps. From its April 20 peak to its June 28 low, the stock surrendered more than 55% of its value. But recent optimistic reports and an upgrade on Tuesday...
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Stock Market News for July 7, 2010 - Market News
Wednesday, July 7, 2010 - 10:13am | 583Selective buying helped propel stocks higher Tuesday after seven days of losses, but the advance was tepid as concerns about the durability of the economic recovery kept sentiments jittery. After recording hefty gains in the morning, markets slipped into the red in the afternoon as traders,...
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Turkey - Where East Meets West, and Prospects are Improving
Tuesday, July 6, 2010 - 12:15pm | 2041Last week, we took a drive by of 2 Asian countries whose stock markets were outperforming, India & Indonesia. We also looked at some regional economies in Latin America that were holding up very well - namely, Peru & Chile. (Brazil goes without saying) Today, we'll look at a country...
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News Summary (LLY, TM)
Tuesday, July 6, 2010 - 11:11am | 255According to the former chief economist of the International Monetary Fund (IMF), Ken Rogoff, the Chinese property market has started to collapse. In an interview on Bloomberg Television, Rogoff said, “You’re starting to see that collapse in property and it’s going to hit the banking system... They...
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Analysts And Companies May Begin To Cut Q3 Earnings Numbers
Tuesday, July 6, 2010 - 8:23am | 213Second quarter earnings are set, at least for those firms on a calendar year. The period was fairly strong economically, except perhaps for June. That means that some earnings could come in weaker than expected. Companies and securities analysts may also begin slashing their third quarter forecasts...
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Toyota (TM) To Recall Another 270,000 Vehicles
Monday, July 5, 2010 - 6:06am | 150Troubled Japanese automaker Toyota Motor Corporation (NYSE: TM) has begun yet another recall. The most recent Toyota (TM) recall is due to flaws in the valve springs in the engines of Toyota Lexus and Crown vehicles. The defect is a serious one because it could lead to the vehicle stalling while it...
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Ford Motor Looks Good; Barron’s (F)
Friday, July 2, 2010 - 4:06pm | 113Ford Motor Company (NYSE: F) has announced that it is paying down $4 billion in debt. The company is looking to strengthen its balance sheet. According to Barron’s, the automaker will pay a major chunk of this money to the Retiree Medical Benefits Trust of the United Auto Workers. Ford stock...
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Benzinga's Biggest Friday Gainers (THO, BSQR, TTHI)
Friday, July 2, 2010 - 4:04pm | 149Today's top gainers include Thor Industries (NYSE: THO), BSQUARE Corp (NASDAQ: BSQR), and Transition Therapeutics (NASDAQ: TTHI). Thor Industries rose 11.48% to $26.21 on heavier than average volume. The move in the stock came after the company said that an evaluation of its fiscal 2009 results...
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Gainers And Losers On July 2
Friday, July 2, 2010 - 3:49pm | 175In the last hour of the trade, the Dow has narrowed the losses to 22 points. Some of the stocks that have made noteworthy movements in the market today are: Gainers Orient Paper Inc (NYSE: ONP) – Surged 44.20% Thor Industries Inc (NYSE: THO) – Advanced 11.53% Red Robin Gourmet Burgers Inc (NASDAQ:...
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Stock Market News for July 2, 2010 - Market News
Friday, July 2, 2010 - 10:10am | 528Tepid economic data sent stocks lower on the first day of a new quarter even as investors kept their cards close to their chests before Friday’s all-important June payrolls report. However, stocks managed to pare deeper losses even as fears that the economy was slowly slipping back into recession...
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Ford June Sales Rise 15% Year Over Year (F)
Thursday, July 1, 2010 - 1:47pm | 84Ford Motor Co. (NYSE: F) said that its June sales rose 15% year over year, but dropped 13% from May. The company's top selling model was its F-Series trucks. Sales of the Taurus were up 191% to 6,607. Ford (F) shares are catching a strong bid today, rising 4.37% to $10.52. Year-to-date, F has...
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Top Performing Industries For July 1 (HOOK, PRVT, PM, F)
Thursday, July 1, 2010 - 1:42pm | 217At 11:11 am, the Dow lost 1.40% to 9,636.85, the broader Standard & Poor's 500 index moved down 1.75% to 1,012.63 and the NASDAQ composite index fell 1.92% to 2,068.77. The industries that are faring well in the market today are: Beverages-Brewers: This industry gained 0.52% by 11:11 am. The...