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Stock Market News for January 05, 2010 - Market News
Tuesday, January 5, 2010 - 10:06am | 409U.S. stocks started the new year on a positive note as optimism on the manufacturing front and corporate deal-making boosted investors’ appetite for riskier assets. A weak dollar also helped the broader market as the major indexes gained at least 1.5%, holding on to gains recorded in early trading...
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Trader Talk: Beware of Ugly Stocks
Thursday, December 31, 2009 - 10:58am | 617In a perfect world every buy signal coming from my trading system would be an Amazon (NASDAQ: AMZN) or Google (NASDAQ: GOOG). A popular stock with an exciting story to back it up. Unfortunately most mornings I find some boring company in a down and out industry when I awake. But heed my warning...
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XLB, XLK, XLY Sector ETFs Make 52 Week Highs
Monday, December 28, 2009 - 4:16pm | 184As U.S. markets opened higher in Monday morning trading, the SPDR Materials (NYSE ARCA:XLB), SPDR Technology (NYSE ARCA:XLK), and SPDR Consumer Discretionary (NYSE ARCA:XLY) ETFs all reached new 52 week highs. SPDR Materials (NYSE ARCA:XLB) reached a new 52 week high of $33.65 in early trading...
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Housing Surges, Better Prospects For LOW
Monday, December 28, 2009 - 3:03pm | 155Analysts at Goldman Sachs raise their estimates for The Lowe's Companies Inc (NYSE: LOW). The target price for LOW has been raised from $23 to $25. The housing turnover has increased 38.5% YoY in November, well above the 19.2% growth in October. This trend appears to reflect another surge in...
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Improving Environment For HD
Monday, December 28, 2009 - 3:01pm | 149Analysts at Goldman Sachs raise their estimates for The Home Depot Inc (NYSE: HD). The target price for HD has been raised from $29 to $32. The November housing turnover has increased 38.5% YoY, well above the October growth of 19.2%. This trend appears to reflect another surge in purchases, ahead...
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New Home Sales Data Could Spell Trouble For TOLL BROTHERS INC (NYSE: TOL), KB HOME (NYSE: KBH)
Wednesday, December 23, 2009 - 12:57pm | 466New Homes Sales dropped sharply by 11% today as it appears home buyers who wanted the $8,000 tax credit by the end of the year have already completed their purchases prior to the government extending the credit. Before the government extended the credit, there was a mad rush to complete purchases...
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Najarian Brothers Eyeing Homebuilders (KBH), (HD), (XHB)
Tuesday, December 22, 2009 - 6:18pm | 110Tonight on Fast Money, Pete and Jon Najarian talked about the opportunities in the homebuilders citing as a catalyst a recovering housing market in 2010. Among the names that they mentioned were KB Home (NYSE: KBH) and Home Depot (NYSE: HD). Pete Najarian recommended that anyone interested in...
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Modest Outlook On Building Products
Thursday, December 17, 2009 - 1:54pm | 315JPMorgan (NYSE: JPM) expects a positive but modest top-line growth for building products in 2010. The existing home sales should see a single digit growth to 6.25 million owing to the value-conscious, tentative customers and a challenging economic backdrop. This, in turn, is expected to translate...
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Lowes (LOW) and Home Depot (HD) - Rallying on Government Handouts? It Appears So
Wednesday, December 16, 2009 - 9:15am | 1599As I was reviewing the stocks / sectors we mentioned Monday as outperformers [Dec 14, 2009: There is Always a Bull Market Somewhere] the one name I could not wrap my mind around was Lowes (LOW). While some retail stocks are flying in anticipation of (a) Christmas or (b) the "consumer is back as he...
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Verizon Boosts FiOS TV Service - Analyst Blog
Tuesday, December 15, 2009 - 11:00am | 604Verizon (VZ) has announced enhancements to its FiOS TV service by adding photo sharing functionality and expanded Video-on-Demand (“VOD") content. The company’s FiOS TV customers can now share and view millions of photos on their TV. This is enabled by services such as Media Manager (enables media...
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The Home Depot, Inc. (NYSE: HD) Future Looks Bright
Friday, December 4, 2009 - 9:00am | 114Citi reiterates their Buy Rating on The Home Depot, Inc. (NYSE: HD) with a price target of $34 as the housing market is showing signs of improvement and analysts feel that Home Depot is well-positioned for a housing market recovery. Citi Analysts also expects Home Depot’s earnings as well as same...
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RPM: Consumer Driving Improvement
Wednesday, December 2, 2009 - 10:22am | 161Analysts at KeyBanc Capital Markets maintain its “Buy” rating for RPM International Inc. (NYSE: RPM). The firm raised the price target to $25 from $21 as the target is extended to the FY11 outlook. The Firm said “Consumer volume remains very positive and raw material costs are probably lower than...
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Most Active Stock Options November 30, 2009 & Trading Activity
Monday, November 30, 2009 - 7:31pm | 562The top ten most active option contracts today were: Home Depot (HD) January 20 Call Options PowerShares QQQ (QQQQ) December 44 Call Options PowerShares QQQ January 44 Call Options S&P 500 SPDR (SPY) December 105 Put Options Financial Select Sector SPDR (XLF) January 12 Put Options S&P...
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Less Retail Capacity, CE Drive Sales of Hardline Retailers
Monday, November 30, 2009 - 1:44pm | 129According to analysts at FBR Capital Markets, some hardline retailers witnessed a year over year rise in traffic during Black Friday, driven by less retail capacity and the consumer electronics market. Consumer doorbuster deals brought more consumers last Friday than on Black Friday last year. The...
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Don't Build Up This Weak ETF (PKB)
Saturday, November 28, 2009 - 8:37pm | 140There are still plenty of reasons to be apprehensive about investing in the construction and infrastructure sectors and that's why the ETF Professor is advocating taking a look at the PowerShares Dynamic Building & Construction ETF (NYSE: PKB) as a possible short play. PKB holds familiar names...