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Stock Market News for March 12, 2010 - Market News
Friday, March 12, 2010 - 8:49am | 426A rally in the final hour of trading helped U.S. stocks register slim gains Thursday and pushed the Standard & Poor’s 500 index and NASDAQ to 18-month highs even as latest economic releases from U.S. and China and crippling strikes on Greek streets disappointed investors. The Dow Jones...
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Benzinga’s Top Upgrades (ELMG, AYR, CLNE, PRA, DPS)
Thursday, March 11, 2010 - 1:21pm | 248EMS Technologies Inc (NASDAQ: ELMG) was upgraded by Boenning & Scattergood from “neutral” to “outperform.” ELMG’s shares gained 2.25% to $15.92. ELMG’s shares have risen 7.38% so far this year. Read more about this company here. Citigroup upgraded Aircastle Limited (NYSE: AYR) from “hold” to “...
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Volume Talks Wednesday March 10: Two Option Ideas on One Hot Stock
Thursday, March 11, 2010 - 9:32am | 3236Today I am going to introduce my new breakout report which will also include stocks which traded the session lower on heavier volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you...
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Company News for March 11, 2010 - Corporate Summary
Thursday, March 11, 2010 - 9:18am | 194• BP (NYSE:BP) plans to pay Devon Energy (NYSE:DVN) $7 billion for assets in Brazil, the Gulf of Mexico and Azerbaijan • United Technologies (NYSE:UTX) announced that its board authorized buying back up to 60 million shares of its common stock, worth $3.4 billion at current levels • Goldman Sachs (...
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Benzinga’s News Roundup (BBBY, SFD, DPS, DVN)
Thursday, March 11, 2010 - 8:51am | 275Bed Bath & Beyond Inc. (NASDAQ: BBBY) was downgraded today by FBR Capital from Market Perform to Underperform and the price target reduced from $38.50 to $38. Bed Bath & Beyond declined 1.54% to $41.03 in the pre-market session. The 52 week trading range for BBBY is $21.37 -$43.42....
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Wal-Mart To Refill Its Action Alley : Credit Suisse (WMT, CS)
Wednesday, March 10, 2010 - 7:31pm | 156Wal-Mart (NYSE: WMT) is looking to refill some portions of its Action Alley. The idea behind the move is to encourage sales volume, and footfalls. According to a report released by Credit Suisse (ADR) (NYSE: CS), consumer companies such as PepsiCo (NYSE: PEP), and Kellogg (NYSE: K) are likely to...
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"Mad Money:" Cramer Lists AXP, XOM, IBM, KO, PFE, MSFT, T, AA As Laggards
Wednesday, March 10, 2010 - 7:26am | 551In his "Mad Money" TV show, Jim Cramer said that the markets would be able to breach the highs reached in January only if “laggards start pulling their own weight.” Cramer listed 10 worst performers in the Dow Jones Industrial Average, starting from American Express (NYSE: AXP), which has lost 2%...
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Jones Soda (JSDA) Signs Letter Of Intent To Be Acquired By Reeds (REED)
Tuesday, March 9, 2010 - 9:02am | 101Jones Soda (NASDAQ: JSDA) has signed a letter of intent to be acquired by Reed's (NASDAQ: REED) early this morning. The deal roughly valued at $0.37/share (composed of $0.10 cash and .17 shares of REED stock for every share of JSDA stock held is about 57% below yesterday's closing price of $0.85/...
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Simple Quantitative View of Goldman's VIP List Generates Some Other Long Ideas
Monday, March 8, 2010 - 9:01am | 1063For a pdf of this report, follow this link: Simple Quantitative Overview of Goldman Sach's VIP List. An article by the contributor "Market Folly" on Goldman Sach's "VIP List" caught our attention on Seeking Alpha. What better way to test our simple quantitative model against a list of 50 stocks...
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Corporate Charity Gets Hit By Economic Woes (KO, MET, XOM, WMT, GE, WFC, CAT, AA)
Saturday, March 6, 2010 - 9:23pm | 208According to a recent report released by Reuters, Only four out of the top ten philanthropic companies said that the dollar value of their donations increased in 2009. The dollar value remained same for two companies while it dropped for the remaining four corporations. Coca-Cola (NYSE: KO),...
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Coca-Cola (K) Might Pay A $15 Million Advisory Fee To Allen & Co. LLC
Friday, March 5, 2010 - 10:27pm | 123Coca-Cola Company (NYSE: K) might pay a $15 million fee to Allen & Co. LLC for advising on the acquisition of North American bottling operations of Coca Cola Enterprise (NYSE: CCE), according to a Bloomberg report. Allen & Co. LLC is tied to Herbert A. Allen, who has also been a Coca-Cola...
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Coke CEO Gets 16 Pct Pay Cut In 2009 (KO)
Friday, March 5, 2010 - 6:31pm | 119Coke CEO (NYSE: KO) Muhtar Kent received a 16% lower salary in 2009. His compensation package for 2009 stood at $18.8 million. His compensation package was worth $22.4 million in 2008. According to aa SEC filing made by the company, Kent’s compensation package consisted of a $1.2 million base...
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Coca-Cola Director Buys $8.1 million Shares (KO)
Friday, March 5, 2010 - 2:22pm | 119New York-based private-investment firm Allen & Co. has purchased 152,080 Coca-Cola (NYSE: KO) shares for an average price of $52.95. The investment firm is headed by a Coca-Cola (KO) director, Herbert A. Allen. This purchase has increased his holding to nine million shares. Three million of...
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Stock Market News for March 5, 2010 - Market News
Friday, March 5, 2010 - 9:21am | 392Investors welcomed better-than-anticipated retail sales numbers and sent stocks higher at the end of a volatile session, but caution prevailed ahead of the government's monthly employment report. A slew of encouraging economic reports also helped investors’ risk appetites. The Dow Jones industrial...
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Top 5 Stocks For March 5, 2010 (ALC, EROC, NGD, KO, COF)
Friday, March 5, 2010 - 7:41am | 197Wall Street expects Assisted Living Concepts (NYSE: ALC) to post an EPS of $0.34 for the latest quarter. ALC is set to report its results before the opening bell today. ALC’s shares soared 1.65% to $28.65 yesterday. Eagle Rock Energy Partners (NASDAQ: EROC) has projected its earnings for the latest...