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Recently, Bayer (BAYRY) initiated patient enrollment in a phase III trial of one of its late stage pipeline candidates, regorafenib. The drug is being studied to treat patients with metastatic colorectal cancer (CRC) who have not responded properly to standard therapies.   In the CORRECT (Patients...

Shares of Stanley Furniture Co. (NASDAQ: STLY) are falling off a cliff today, currently trading lower by 13.35% to $8.18, after the company reported worse than expected Q1 2010 earnings. Net sales of $36.5 million decreased 8.1% from the first quarter of 2009. Net loss for the quarter was $19.1...

Cusick’s Corner The market performed well into the afternoon with the Financials, XLF +.15, leading the move to the upside. With the overall market volatility pulling off, one may start to become a little too complacent -- try not to fall into that trap. Keep your risk and capital management close...

Shares of Mohawk Industries (NYSE: MHK) are higher on the session by 2.77% to $62.68, but investors are buying puts along the way as protection. The May $60 put traded over 1,200 times and the August $60 put traded over 5,500 times. Put volume in Mohawk Industries is running at 3.65x the daily...

Shares of Mohawk Industries (NYSE: MHK) are higher on the session by 2.77% to $62.68, but investors are buying puts along the way as protection. The May $60 put traded over 1,200 times and the August $60 put traded over 5,500 times. Put volume in Mohawk Industries is running at 3.65x the daily...

Ethan Allen Interiors (NYSE: ETH) is moving lower on the session to $19.53, off 1.61%, and is seeing some bearish options activity along the way. I am detecting 1,500 May $25 puts rolled to the May $22.50 line; this trade is done to take profits on previously long puts while still entertaining a...

At 12:20 pm, Dow lost 75.95 points, or 0.68%, to 11,091.37, while the broader Standard & Poor's 500 index lost 10.99 points or 0.91%. The Nasdaq composite index has also slipped 27.36 points or 1.09%. The industries that are helping the market keep afloat today are: Toy & Hobby Stores: The...

Shares of Ethan Allen (NYSE: ETH) are taking it on the chin today after the company reported a loss that was bigger than analysts had expected. This morning Ethan Allen said it lost $0.05 in the first quarter. Analysts were looking for earnings to come in flat at $0.00. Revenues were in-line at $...

Abbott Labs (NYSE: ABT) has joined Eli Lilly (NYSE: LLY) and Johnson &Johnson (NYSE: JNJ) in reducing the 2010 profit outlook. ABT now expects its profits for 2010 to come at $4.13-$4.18 per share, as compared to its earlier forecast of $4.20-$4.25. The main reason for all three companies...

Corning Inc (NYSE: GLW) was upgraded by RBC Capital Markets from “sector perform” to “outperform.” GLW’s shares gained 0.55% to $20.01 at 10:05 am EST. GLW has a 52-week trading range of $13.13-$20.79. RBC Capital Markets upgraded Washington Banking Co (NASDAQ: WBCO) from “sector perform” to “...

“Stocks delivered nicely in 2009, with the S&P 500 ETF (NYSE:SPY) shooting up an impressive 23.5% and emerging markets were even more impressive. Even bond investors in high yield and junk debt performed admirably throughout the year. The real question now, is what will 2010 hold for investors...

Baldwin & Lyons Inc (NASDAQ: BWINB) shares added 0.47% to create a new 52-week high of $25.81. BWINB is involved in marketing and underwriting property and casualty insurance products in the US and Canada. Bassett Furniture Industries, Inc (NASDAQ: BSET) shares created a new high of $6.29,...

The 'PIGGS' are the European countries that are suffering due to current economic woes. The countries are Portugal, Italy, Ireland, Greece, and Spain, and the crises that is looming is heavy. Recently, there has been much talk about Greece being bailed out by stronger EU countries, but even that is...