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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Friday, July 8, 2011 - 12:59am | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 7:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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Recovery in Place? 07-07-2011
Thursday, July 7, 2011 - 6:33pm | 906Cusick's Corner Now we wait for payrolls and unemployment pre-market and while that is important, the market already ran up on what is expected to be a better than expected private payrolls. So what does this mean for all of us if we start seeing data like this? Well, recovery is in place,...
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Blue Light Special 07-07-2011
Thursday, July 7, 2011 - 5:13pm | 1014Cusick's Corner Where is the next Blue Light Special? (Check out AEO in Bullish Flow.) The Consumer Discretionary sector, XLY +1.61%, is outperforming the general market, S&Ps +1.05%, and Retail is red hot today after Junes sales data came out. Along with the Claims data coming better than...
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WD-40 Volatile Following on Q3 Earnings Results
Thursday, July 7, 2011 - 4:51pm | 181Shares of WD-40 Company (NASDAQ: WDFC) are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently, shares are lower by 2.83%, trading at $40.50; they ended the regular session higher by 2.03%, at $41.68. SemiLEDs reported Q3 EPS of $0.47 on revenues...
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Five Undervalued Blue Chips with Above-average and Growing Yield
Thursday, July 7, 2011 - 4:17pm | 1205Yesterday the following PRNewswire press release reported that S&P indices announced a powerful uptrend in dividend increases for calendar year 2011. This provides continued validation of the unique opportunity that blue-chip dividend paying stocks offer investors today. Five Dividend Paying...
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WD-40 Dropping On Earnings Miss
Thursday, July 7, 2011 - 4:05pm | 201WD-40 Company (NASDAQ: WDFC) shares are plunging more than 4% in after-hours trading after the company missed quarterly earnings expectations. The company reported earnings of 47 cents per share on $85.5 million in revenues. Wall Street had been expecting earnings of 53 cents per share on $87.55...
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Earnings Preview: WD-40 Company
Thursday, July 7, 2011 - 2:30pm | 125WD-40 Company (NASDAQ: WDFC) is set to report earnings tonight, and Wall Street will be looking for any signs of commodity impact, and how the company's different operating segments are doing. At last check, shares were up 92 cents to $41.77, a gain of 2.26% on 45,000 shares. The average daily...
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Puts Purchased on Hormel Foods Corporation
Thursday, July 7, 2011 - 2:18pm | 117Shares of Hormel Foods Corporation (NYSE: HRL) are lower on the session by 1.32%, currently trading at $29.89. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short...
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Thursday's Put/Call Ratio Leaders
Thursday, July 7, 2011 - 1:31pm | 78Here are today's Put/Call Ratio leaders… 1. Hormel Foods (NYSE: HRL) 2,642 puts, 34 calls 2. Thoratec Corp. (NASDAQ: THOR) 7,363 puts, 160 calls 3. Santander Finance Preferred (NYSE: STD) 4,375 puts, 159 calls 4. HSBC Holdings (NYSE: HBC) 4,385 puts, 171 calls 5. Forest Laboratories (NYSE: FRX) 4...
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High-Flying Breakout Plays for 7/7
Thursday, July 7, 2011 - 12:12pm | 83Half of the trading day is already gone, but here are the setups that I like the most heading in the afternoon of trading. All seven plays are very strong, but on two of them, you will want to make sure volume picks up with the breakout. I actually got in BWS already this morning. Read more...
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Retail Sales Roundup
Thursday, July 7, 2011 - 10:40am | 423Macy's Inc (NYSE: M) reported a 6.7% rise in its June same-store sales and lifted its estimate of sales for the fiscal second quarter. Macy's total sales in June surged 7.5% to $2.39 billion from $2.23 billion. Analysts were expecting same-store sales to rise 5.1%. Macy's now projects Q2 same-store...
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Benzinga's Volume Movers
Thursday, July 7, 2011 - 10:27am | 147Hi-Tech Pharmacal Co Inc (NASDAQ: HITK) shares surged 5.30% to $30.42 at 10:24 am. The volume of HITK shares traded was 811% higher than normal. HITK reported upbeat Q4 earnings. Nova Measuring Instruments Ltd (NASDAQ: NVMI) shares moved up 5.32% to $11.09. The volume of NVMI shares traded was 332...
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Sara Lee Corporation Names Maria Henry CFO of North American Business
Thursday, July 7, 2011 - 10:09am | 57Sara Lee Corp. (NYSE: SLE) announced today that it has named Maria Henry chief financial officer of Sara Lee's North American operations, effective July 18, 2011. She will serve as the chief financial officer for Sara Lee after the spin-off of the International Coffee and Tea business is complete...
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Balmain and Inter Parfums Sign an Exclusive 12-Year Fragrance License Agreement
Thursday, July 7, 2011 - 8:52am | 190Inter Parfums, Inc. (NASDAQ: IPAR) today announced that it has entered into a 12-year worldwide license agreement commencing on January 1, 2012 to create, produce and distribute perfumes and ancillary products under the Balmain brand. The agreement replaces a previous license that was terminated by...