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U.S. Economy Looks Poised for Recovery in 2011
Wednesday, January 12, 2011 - 11:14am | 625The stock market received its first piece of good news for 2011 when the unemployment rate dropped from its previous high of 9.8% to 9.4% in December. That's an especially positive sign since the unemployment rate had actually been slowly rising at the end of last year. Payrolls increased by 103,...
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Trading Strategies in Freeport-McMoRan Copper & Gold (FCX)
Wednesday, January 12, 2011 - 10:19am | 1866With copper and gold prices expected to keep charging higher, it's no surprise that analysts have turned their attention to Freeport-McMoRan Copper & Gold (NYSE:FCX). Monday, Stifel Nicolaus upped its rating on the stock to “buy” from “hold” with a 12-month price target of $140 (according to...
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LyondellBassell Leads as Investor Announces Intent to Raise Ownership to 16 Percent
Tuesday, January 11, 2011 - 10:22pm | 1045Model Portfolio Daily Update: January 11, 2011 Subscribers log in for the full report: This content is for members only. New Actions Required: This content is for members only. Of Note: We experienced three additional upgrades today in our model portfolios, including our long-only model based on...
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Spotty Selling Into Close 01-11-2011
Tuesday, January 11, 2011 - 7:27pm | 844Cusick's Corner The market could not garner any steam into the close and the spotty selling raised some red flags. The bid was present throughout the day, but earnings are going to be one catalyst that has not been in the markets over the past couple of sessions. Watch Large Cap stocks that are...
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Market Flirt 01-11-2011
Tuesday, January 11, 2011 - 4:44pm | 838Cusick's Corner The market continues to flirt with levels that we have not seen in almost 3 years, 1278 on the SPX. It's worth noting that near the SPY's highs of 127.72, a large seller came in quickly on no news. The market has held its gains in spite of the pullback and the market action still...
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Sears Surging On Heavy Volume (SHLD)
Tuesday, January 11, 2011 - 12:42pm | 105Shares of Eddie Lampert's Sears Holdings (NASDAQ: SHLD) are surging on heavy volume during Tuesday's trading session after the company gave better than expected fourth quarter and full year earnings projections. SHLD sees annual earnings in a range between $1.16 and $1.88 per share which is well...
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Benzinga's Volume Movers (ININ, BODY, SHLD, APOL)
Tuesday, January 11, 2011 - 11:50am | 157Interactive Intelligence Inc (NASDAQ: ININ) shares moved up 20.11% to $35.33 at 10:50 am. The volume of ININ shares traded was 403% higher than normal. ININ projects to report Q4 total revenue of between $49.0 million and $51.0 million, up from $35.9 million, in the year-ago period. Body Central...
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J. C. Penney Posts Healthy Sales - Analyst Blog
Tuesday, January 11, 2011 - 10:31am | 528J. C. Penney Company Inc. (JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported its sales results for the five-week period ended January 1, 2011. The company's comparable-store sales for December 2010 climbed 3.7%,...
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Company News for January 11, 2011 - Corporate Summary
Tuesday, January 11, 2011 - 10:31am | 963• Alcoa (NYSE:AA) reported fourth quarter results of $0.21 lower than the Zacks Consensus Estimate of $0.24, on revenues of $5.65 billion, below the Zacks Consensus Estimate of $6.09 billion • Lennar (NYSE:LEN) reported fourth quarter earnings of $0.17, well above the Zacks Consensus Estimate of $...
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Company News for January 11, 2011 - Corporate Summary
Tuesday, January 11, 2011 - 10:21am | 963• Alcoa (NYSE:AA) reported fourth quarter results of $0.21 lower than the Zacks Consensus Estimate of $0.24, on revenues of $5.65 billion, below the Zacks Consensus Estimate of $6.09 billion • Lennar (NYSE:LEN) reported fourth quarter earnings of $0.17, well above the Zacks Consensus Estimate of $...
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J. C. Penney Posts Healthy Sales - Analyst Blog
Tuesday, January 11, 2011 - 10:00am | 528J. C. Penney Company Inc. (JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported its sales results for the five-week period ended January 1, 2011. The company's comparable-store sales for December 2010 climbed 3.7%,...
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Benzinga's Top Upgrades (HPQ, FLR, GSK, M)
Tuesday, January 11, 2011 - 9:29am | 128Hewlett-Packard Company (NYSE: HPQ) was upgraded by UBS from "neutral" to "buy." HPQ's shares closed at $44.86 yesterday. Hewlett-Packard's PEG ratio is 0.90. JP Morgan upgrade Fluor Corporation (NYSE: FLR) from "neutral" to "overweight." FLR's shares closed at $66.01 yesterday. Fluor's trailing-...
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Benzinga's Top Pre-Market NASDAQ Gainers (SHLD, APOL, AIXG, COCO)
Tuesday, January 11, 2011 - 9:14am | 108Sears Holdings Corporation (NASDAQ: SHLD) rose 6.37% to $75.10 in the pre-market session. SHLD projected stronger-than-expected Q4 and full-year adjusted earnings. Apollo Group Inc (NASDAQ: APOL) added 6.09% to $38.13 in pre-market trading. APOL reported better-than-expected Q1 earnings. Aixtron...
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Credit Suisse Ups Macy's To Outperform
Tuesday, January 11, 2011 - 7:03am | 50Analysts at Credit Suisse upgrade Macy's Inc (NYSE: M) from “neutral” to “outperform.” The target price for Macy's has been raised from $25 to $27. M shares gained 0.73% to close at $23.48 yesterday. More Analyst Ratings here
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JCPenney's Senior Management Promotions
Monday, January 10, 2011 - 5:22pm | 83J. C. Penney Company, Inc. (NYSE: JCP) today announced a series of senior leadership promotions in its finance, sourcing and technology organizations. These promotions include the appointment of Michael Dastugue as executive vice president and chief financial officer; Ken Mangone as executive...