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Stock Market News for August 2, 2010 - Market News
Monday, August 2, 2010 - 10:22am | 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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TC PipeLines Reports Solid Results - Analyst Blog
Monday, August 2, 2010 - 10:22am | 915TC PipeLines L.P. (TCLP), a master limited partnership (MLP), announced better-than-expected second-quarter 2010 results, reflecting strong contributions from the Northern Border and North Baja pipeline systems. The partnership reported earnings per unit (EPU) of 59 cents, comfortably ahead of...
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The Daily Long and Short Setup
Monday, August 2, 2010 - 8:42am | 105Futures continue to hold their gains with an ever so slight improvement since the posting of the trading plan. I still do not plan on trading this gap whatsoever, and am content to wait out this market today, until there is a legitimate trading opportunity in the form of a light-volume pull back or...
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Bargain Dividend Stocks Keep Paying Off
Monday, August 2, 2010 - 7:39am | 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 - 10:32pm | 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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Top Russian Stocks
Saturday, July 31, 2010 - 1:53am | 602Russia has a strong growing economy and as a BRIC country, is one of the four horsemen for worldwide investment opportunities, along with the 'B' in BRIC, Brazil, the 'I' in BRIC, India, and the 'C' in BRIC, China. Some interesting facts about Russia: 1. Russia is the largest country in the world...
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Barron’s Update On Chiquita Brands International: Q2 Sales Fall
Friday, July 30, 2010 - 4:21pm | 92Shares of Chiquita Brands International (NYSE: CQB) were up almost 4% after the company surpassed second quarter expectations of $885 million, instead reporting $916 million. Despite the increase in share price, revenue was down by 4% on a year over year basis. According to Barron’s, the company...
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Top 5 Percentage Gainers On NYSE (ALU, AHD, AIQ, CQB, UFS)
Friday, July 30, 2010 - 2:52pm | 134These stocks are the top 5 percentage gainers on the New York Stock Exchange today (only includes companies with 100,000 shares traded so far). Alcatel-Lucent (NYSE: ALU) is up 14.23% to $2.98 after the telecom equipment provider reported strong quarterly results and reaffirmed 2010 guidance. Atlas...
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SXL's Profit Falls, Revenue Rises - Analyst Blog
Friday, July 30, 2010 - 12:00pm | 610Sunoco Logistics Partners L.P. (SXL) – a master limited partnership (MLP) − announced weaker-than-expected second-quarter 2010 results, hurt by higher interest expense associated with Senior Notes issued in 2010. Earnings were also pulled down by a significant fall in crude oil pipeline operating...
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Calls Sold on Tyson Foods (TSN)
Friday, July 30, 2010 - 11:22am | 121Shares of Tyson Foods Inc. (NYSE: TSN) are higher on the session by 0.52%, currently trading at $17.44. The stock has been moving largely lower over the past three months, off from recent highs near $20.50. Options traders are selling calls on the name today. The August $19.00 call was sold 1,200...
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Puts Sold on Kellogg Co. (K)
Friday, July 30, 2010 - 11:05am | 133Shares of Kellogg Co. (NYSE: K) are higher on the session by 3.17%, currently trading at $49.50. The stock has been moving largely lower over the past six months, cratering yesterday on much worse than expected earnings news. Options traders are selling puts on the name today. The September $50.00...
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Chiquita Reports Solid 2Q With Expenses Under Control
Friday, July 30, 2010 - 7:58am | 114Chiquita Brands International, Inc. (NYSE: CQB) showed higher than expected EPS ($1.36) in its 2Q, well ahead of BB&T Capital Market's expectations of $1.02. The rise in EPS results was due to better Fresh Express margins and banana pricing, according to BB&T. Chiquita also managed to...
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Benzinga's After Hours Gainers (CQB, SUN, MAS, MET)
Thursday, July 29, 2010 - 7:13pm | 201Among the notable stocks that are moving higher in the after hours trading session are Chiquita Brands International (NYSE: CQB), Sunoco (NYSE: SUN), Masco (NYSE: MAS), and MetLife (NYSE: MET). Chiquita (CQB) reported a blowout quarter after the close on Thursday. The company said that earnings...
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Tasty Baking Company Declares Cash Dividend of $0.05
Thursday, July 29, 2010 - 4:40pm | 55Tasty Baking Company (Nasdaq: TSTY) today announced that its Board of Directors on July 29, 2010, declared a regular quarterly cash dividend of $0.05 per share on all outstanding shares of common stock. The dividend is payable September 1, 2010, to shareholders of record as of the close of business...
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Kellogg Heads South (K)
Thursday, July 29, 2010 - 3:07pm | 88Shares of Kellogg Company (NYSE: K), a traditionally defensive name, are getting absolutely crushed during Thursday's trading session. The stock has fallen 6.41% to $48.22 after a disappointing earnings report. The company reported earnings per share of $0.89 compared to analysts' estimates of $0....