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Top Performing Industries For March 25 (CONN, BFLY, BBW, STRS, CEA)
Thursday, March 25, 2010 - 3:10pm | 367At 2:32 p.m., Dow gained 62.43, or 0.58%, to 10,898.58, while the broader Standard & Poor's 500 index rose 4.84, or 0.41%, to 1,172.56. The Nasdaq composite index added 14.38, or 0.60%, to 2413.14. The industries that are driving the market today are: Electronics Stores: The top gainer of the...
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Merkel Insists On IMF Role In Any Greece Bailout
Thursday, March 25, 2010 - 12:46pm | 550G10 Advancers and Decliners vs USD CHF 0.19 EUR 0.07 GBP -0.03 JPY -0.52 Compared to the fireworks of yesterday and EURUSD’s fresh lows in Asia at 1.3284, today’s European and US session has been more subdued for the majors; with EURUSD taking the opportunity to...
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Merkel Insists On IMF Role In Any Greece Bailout
Thursday, March 25, 2010 - 12:46pm | 573G10 Advancers and Decliners vs USD CHF 0.19 EUR 0.07 GBP -0.03 JPY -0.52 Compared to the fireworks of yesterday and EURUSD’s fresh lows in Asia at 1.3284, today’s European and US session has been more subdued for the majors; with EURUSD taking the opportunity to...
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Benzinga’s News Roundup (MKC, SIG, CAG, DE)
Thursday, March 25, 2010 - 7:59am | 291McCormick & Company, Incorporated (NYSE: MKC) reported today first-quarter net income of $67.9 million, or $0.51 per share, as compared to $57.7 million, or $0.44 per share, in the year-ago period. Revenue increased to $764.5 million, from $718.5 million for the same quarter last year. Analysts...
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Cramer's Lightning Round Picks (MICC, SKS, TIF, JWN, RL, ST, ZMH, ABT, PM, BGCP, X, NUE)
Wednesday, March 24, 2010 - 9:55pm | 344CNBC Mad Money's Jim Cramer was pretty bullish while answering fans' questions in the Lightning Round. He said that he always liked Millicom International Cellular SA (USA) (NASDAQ: MICC) and that the caller should hold his long position. Cramer likes Saks Incorporated (NYSE: SKS). He thinks it is...
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Picking the Right Retail ETF (XRT, RTH, PMR)
Wednesday, March 24, 2010 - 2:12pm | 354We all know the stock market is climbing a wall of worry, but one sector that epitomizes the old Wall Street adage is the retail stocks. For years I continue to hear the “consumer is dead” and at the same time there are a handful of retail stocks hitting multi-year highs. The SPDR S&P Retail...
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Market Roundup (TIF, SBUX, GENZ, VZ, T, S, GOOG, BAC)
Wednesday, March 24, 2010 - 1:48pm | 331According to CEO Michael Kowalski, Tiffany (NYSE: TIF) is likely to expand its stores by 8% as its margins are returning to all-time high levels. Although TIF reported higher quarterly earnings on Monday, its margins were adversely affected by higher costs of diamonds and precious metals. For the...
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Blockbuster May One Day Be Forced To Sue Netflix for Anti-trust Violations
Wednesday, March 24, 2010 - 8:25am | 75It might be hard for some people to imagine Netflix (NASDAQ:NFLX) as the big bad bully in the entertainment distribution market, especially when you consider the once retail superpower Blockbuster Inc. (NYSE:BBI) as the victim. In the new digital age, court rooms and laws have to evolve as fast...
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Janney Capital Markets Downgrades PETM On Valuation
Tuesday, March 23, 2010 - 3:30pm | 92Analysts at Janney Capital Markets downgrade PetSmart (NASDAQ: PETM) from "buy" to "neutral." According to Janney Capital Markets, the downgrade in rating is based mainly on valuation. PETM has guided to gross margin expansion in FY11. PetSmart “continues to execute well, and opportunities exist...
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KeyBanc Capital Markets Considers TIF An Attractive Long-Term Investment
Tuesday, March 23, 2010 - 3:20pm | 132Analysts at KeyBanc Capital Markets maintain their "buy" rating on Tiffany & Co (NYSE: TIF), while raising their estimates for the company. The target price for TIF has been raised from $50 to $55. According to KeyBanc Capital Markets, Tiffany & Co posted robust Q4 EPS and 23% y/y expansion...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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Benzinga’s Top Downgrades (PETM, STRA, VTR, AFL, TS)
Tuesday, March 23, 2010 - 10:06am | 249PetSmart Inc (NASDAQ: PETM) was downgraded by Janney Montgomery Scott from “buy” to “neutral.” PETM lost 1.45% to $31.28 at 9:40 am. PETM has a 52-week trading range of $19.32-$31.88. Read more about this company here. RBC Capital Markets downgraded Strayer Education Inc (NASDAQ: STRA) from “top...
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Benzinga’s Top Upgrades (LOPE, GASS, NZ, TIF, PAYX)
Tuesday, March 23, 2010 - 10:01am | 248Grand Canyon Education Inc (NASDAQ: LOPE) was upgraded by RBC Capital Markets from “outperform” to “top pick.” LOPE’s shares closed at $25.96 yesterday. LOPE’s shares have gained 36.56% year-to-date. Read more about this company here. Cantor Fitzgerald upgraded StealthGas Inc (NASDAQ: GASS) from...
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Volume Talks Monday: A Sirius Reversal
Tuesday, March 23, 2010 - 9:39am | 2912As the market traded higher across the board Monday on lighter volume, there were many stocks which traded higher/lower on above average volume. Today's breakout report is for Monday March 22, 2010. If this is your first time reading one of my breakout reports you'll want to read the section...