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ETF Stats for March 2011: Trading Surges 48 Percent
Monday, April 4, 2011 - 5:24pm | 1937Thirty new ETFs and eight new ETNs arrived in March. This was the best month for new product introductions since 43 arrived in June 2008. No products were closed in March, marking the third straight month without any closures and keeping the year-to-date count at zero. The total number of listed...
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Coal Stocks Headed Higher? (BTU, PCX, ACI)
Friday, April 1, 2011 - 1:46pm | 231The bull market in resources has not passed up coal. Many leading coal names have been moving substantially higher over the last 6 months, but this trade may continue to work into the second half of 2011. The highest quality name to play a continued rally is probably Peabody Energy (NYSE: BTU)....
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Mad Money Lightning Round: Cramer Advises Investors To Buy Consolidated Edison (ED, AKAM, KMX, MHS, ESRX, MEE, BTU, AEM, GG, POT, DE, OKE, FNFG)
Friday, April 1, 2011 - 1:33am | 308On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Consolidated Edison (NYSE: ED) is “one of the best in show. I reiterate my buy." He believes that Akamai Technologies (NASDAQ: AKAM) is “just OK. It doesn't have a catalyst." For Carmax (NYSE: KMX), he said, "People did not like...
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4 Trade Ideas for Friday
Thursday, March 31, 2011 - 4:58pm | 2147( click to enlarge ) The technical chart of Morgan Stanley (NYSE:MS) is very similar to other stocks in the banking sector. The stock has been in a major corrective phase in the recent weeks. The downtrend that commenced in late february appears to have been completed at the latest low of $26...
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International Coal Group Announces Its 4.00% Convertible Senior Notes Due 2017 and 9.00% Convertible Senior Notes Due 2012 Have Become Convertible
Thursday, March 31, 2011 - 4:48pm | 97International Coal Group, Inc. (NYSE: ICO) announced today that, pursuant to terms of the indenture and first supplemental indenture governing its $115,000,000 aggregate principal amount of 4.00% Convertible Senior Notes due 2017, the 2017 Notes are now convertible at the option of holders during...
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FocusShares Rides Again
Thursday, March 31, 2011 - 3:36pm | 1157They're back. Many of you reading this column have probably never heard of FocusShares, the firm that introduced four “focused” ETFs in November 2007 and closed them down less than eleven months later. However, even as a defunct ETF sponsor, there was value in the firm's exemptive relief filing...
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Gabelli Initiates Coverage of CNX With Buy
Thursday, March 31, 2011 - 9:37am | 95Gabelli has initated coverage of Consol Energy (NYSE: CNX) with a Buy Rating. According to Gabelli, "Consol has a unique position as a leading coal and gas producer allowing them to hedge between the two commodities. Although the initial market reaction to the Dominion acquisition was negative,...
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Alliance Holdings Prices Secondary Offering at $54.21 per Unit
Tuesday, March 29, 2011 - 9:02am | 94Alliance Holdings GP, L.P. (NASDAQ: AHGP) today announced the pricing of a secondary underwritten public offering of 2,750,000 already outstanding common units representing limited partner interests in AHGP at a price to the public of $54.21 per unit. The offering is scheduled to close on April 1,...
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Mad Money Lightning Round: Cramer Likes Gentex, Micron Technology (AES, CHS, ASNA, BTU, WLT, LLY, LYG, GNTX, MSFT, INTC, CSCO, MU)
Tuesday, March 29, 2011 - 1:22am | 315On CNBC's Mad Money, Jim Cramer said during the Lightning Round that AES Corp (NYSE: AES) is a “great play on the growth of electricity. That's an inexpensive stock." He likes Chico's (NYSE: CHS). He added, “That's a nice turn over there. It reminds me of Ascena Retail Group (NASDAQ: ASNA)."...
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Fast Money Picks For March 29th (TTM, CPX, BTU, CNX)
Monday, March 28, 2011 - 7:23pm | 160On CNBC's Fast Money Tim Seymour advised the viewers to trim a little bit of Tata Motors Limited (ADR) (NYSE: TTM) on Tuesday. Tata Motors Limited (ADR) (TTM) gained 0.22% today, and closed at $27.04. Steve Grasso thinks that Complete Production Services, Inc. (NYSE: CPX) should be bought. He...
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Alliance Holdings GP Announces Secondary Offering of 2.75M Units by Selling Unitholders
Monday, March 28, 2011 - 4:18pm | 80Alliance Holdings GP, L.P. (NASDAQ: AHGP) today announced the commencement of a secondary underwritten public offering of 2,750,000 common units representing limited partner interests in AHGP by certain selling unitholders. The selling unitholders expect to grant the underwriters a 30-day option...
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Benzinga's Top Downgrades (MAR, LLL, DPS, BTU)
Monday, March 28, 2011 - 8:22am | 142Marriott International Inc (NYSE: MAR) was downgraded by Goldman from "buy" to "neutral." MAR's shares closed at $37.66 on Friday. Marriott's PEG ratio is 1.63. Oppenheimer downgraded L-3 Communications Holdings Inc (NYSE: LLL) from “perform” to “underperform.” LLL's stock closed at $79.62 on...
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Goldman Downs BTU To Neutral
Monday, March 28, 2011 - 6:51am | 49Analysts at Goldman downgrade Peabody Energy Corporation (NYSE: BTU) from “buy” to “neutral.” The target price for BTU is set to $77. BTU shares gained 0.19% to close at $72.63 on Friday. More Analyst Ratings here
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A Sound Alternative to Buying Individual Japanese Small Caps (JSC, DFJ, SCJ)
Friday, March 25, 2011 - 12:08pm | 1319Warren Buffett calls the crisis in Japan, “a buying opportunity”. Buffet recently proclaimed in the Financial Times that, "Frequently something out of the blue like this, an extraordinary event, really creates a buying opportunity. I've seen that happen in...
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A Sound Alternative to Buying Individual Japanese Small Caps (JSC, DFJ, SCJ)
Friday, March 25, 2011 - 12:08pm | 1319Warren Buffett calls the crisis in Japan, “a buying opportunity”. Buffet recently proclaimed in the Financial Times that, "Frequently something out of the blue like this, an extraordinary event, really creates a buying opportunity. I've seen that happen in...