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US Stock Futures Fall As Investor Sentiment Sours
Tuesday, August 3, 2010 - 7:47am | 293US stock futures fell today after the rally in the previous session. Investor sentiment took a hit after some key firms reported disappointing earnings reports. While futures on the Dow Jones Industrial Average slipped 23 points to 10594, those on the S&P 500 lost 2.50 points to 1119.30....
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Benzinga’s Top Upgrades (CEPH, ENR, SRDX, DY)
Tuesday, August 3, 2010 - 7:11am | 157Cephalon Inc (NASDAQ: CEPH) was upgraded by BofA/Merrill from "neutral" to "buy." CEPH’s shares closed at $58.15 yesterday. Cephalon’s earnings may grow by 73.82% this year. Morgan Stanley upgraded Energizer Holdings Inc (NYSE: ENR) from "equal weight" to "overweight." ENR’s shares closed at $63.16...
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Doug Kass Going Short (SPY)
Tuesday, August 3, 2010 - 7:08am | 65Doug Kass tweeted earlier that he was going to short the S&P 500 ETF (NYSE: SPY) on the Procter & Gamble (NYSE: PG) earnings miss and too much optimism. Kass is a noted short seller and is the president of Seabreeze Partners.
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PG’s Shares Fall As Q4 Results Fail To Meet Targets
Tuesday, August 3, 2010 - 7:01am | 57Procter & Gamble (NYSE: PG) reports its Q4 EPS at $0.71, missing the consensus of $0.73. PG’s Q4 revenue came in at $18.93 billion versus the target of $19.10 billion. PG’s shares lost 3.74% to $59.74 in pre-market trading. Read more from Benzinga's Company news.
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Stock Market News for August 2, 2010 - Market News
Monday, August 2, 2010 - 9:22am | 812Even as a disappointing gross domestic product report weighed on sentiments Friday, stocks managed to record their best month in a year as some strong quarterly earnings reports overshadowed concerns about economic recovery. Although July was volatile, the performance of markets was indeed...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 52
Monday, August 2, 2010 - 8:23am | 2082Year 3, Week 52 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 79.6% (v 69.9% last week) 16 long bias: 17.8% (v 26.9% last week) 1 short bias: 2.6% (v 3.2% last week) 17 positions (vs 21 last week)...
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Bargain Dividend Stocks Keep Paying Off
Monday, August 2, 2010 - 6:39am | 308NEW YORK (TheStreet) -- Hersh Cohen, the manager of Legg Mason ClearBridge Equity Income (SOPAX) who has been investing in dividend stocks for four decades, is finding some of the biggest bargains of his career. They include such companies as H.J. Heinz (NYSE: HNZ), Johnson & Johnson (NYSE: JNJ...
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August 2nd – 6th Quick Review/Preview: Stocks, Commodities, Forex
Saturday, July 31, 2010 - 9:32pm | 1732Likely Market Movers To Watch This Week For details on these see: The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers August 2nd – 6th Friday’s monthly US jobs reports and preceding events that provide clues on their results Euro-zone, UK, and China PMI reports Central bank...
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Company News for July 30, 2010 - Corporate Summary
Friday, July 30, 2010 - 8:45am | 353• Google (NASDAQ: GOOG) retracted from its last night's claims that its search engine was completely blocked in China, saying, "Because of the way we measure accessibility in China, it's possible that our machines could overestimate the level of blockage... It appears now that users in China are...
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A Peek Into The Market Before The Trading Starts
Friday, July 30, 2010 - 8:20am | 388Pre-open movers US stock futures fell today, ahead of the release of the US economic growth data for the second quarter. While futures on the Dow Jones Industrial Average slipped 94 points to 10,315, those on the S&P 500 lost 11.80 points to 1,085. Meanwhile, Nasdaq 100 futures fell 18.25...
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Goldman Removes CL From Conviction Buy List
Friday, July 30, 2010 - 5:22am | 57Analysts at Goldman Sachs removed Colgate-Palmolive Company (NYSE: CL) from “conviction buy” list. The analysts now rate the company at “neutral.” The target price for CL is set to $86. CL’s shares dipped 6.84% to close at $78.12 yesterday. More Analyst Ratings here
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GlaxoSmithKline (GSK) Suing Colgate-Palmolive
Thursday, July 29, 2010 - 2:57pm | 34GlaxoSmithKline (NYSE: GSK) suing Colgate-Palmolive (NYSE: CL) over toothpaste. Colgate-Palmolive is down 7% while GlaxoSmithKline is down just under 1%
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It Could be Worse - You Got Vistaprinted! (VPRT)
Thursday, July 29, 2010 - 1:42pm | 961The market has turned very choppy as we encounter many multiple cross winds on the charts - you have 1100 as a line in the sand, with S&P 1093/1094 being the exponential 50/200 day moving averages below... but 1113, the 200 day simple moving average above... and then a Fibonacci level up there...
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Bookkeeping: Covering Energizer (ENR) Short
Thursday, July 29, 2010 - 11:50am | 439If you recall Energizer (ENR) was an 'accidental' short as it was an outstanding short limit order placed quite a bit lower but triggered almost exactly at $60.00 on a gap up. Since this is not the type of chart I like to short, I was thinking about covering it yesterday for a small gain but...
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Stock Market News for July 29, 2010 - Market News
Thursday, July 29, 2010 - 9:12am | 567Federal Reserve’s Beige Book report painted a dismal picture of the economic recovery, compounding worries that the much-expected revival is facing headwinds. A weak report on durable goods orders further disappointed investors who had no reason to rejoice in Boeing’s lackluster quarterly numbers...