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Stocks Broadly Lower on Concerns in Japan 03-15-2011
Tuesday, March 15, 2011 - 2:54pm | 893Cusick's Corner The bid attempts a bounce into the Midday, we need to be very careful on two fronts, buying into this pullback and maintaining long positions. The longs will have to be disciplined and patient, look away from the TV, but not blind to the current conditions. What I mean is that...
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A scientific approach to understanding the uranium market (CCJ)
Tuesday, March 15, 2011 - 2:28pm | 1394The disaster in Japan seems to worsen by the minute, and while I wouldn't be too quick to follow the sensationalism coming from the mainstream media, I don't doubt the seriousness of the tsunami's destruction, nor the effects of nuclear power plant failures in...
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UPDATE: Jefferies Lowering Price Target On USEC Inc. (USU)
Tuesday, March 15, 2011 - 7:23am | 167Jefferies & Co. has a Hold rating and a $5.25 price target on shares of USEC Inc. (NYSE: USU), down from $5.50. In a note to clients, Jefferies writes, "USEC is building the American Centrifuge Plant (ACP) to help meet current demand from the 440 nuclear reactors worldwide (104 in the U.S.)....
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Evergreen Energy Reports 2010 Results
Tuesday, March 15, 2011 - 5:55am | 60Evergreen Energy (NYSE: EEE) reported its 2010 loss at $1.47 per share, versus a loss of $5.31 per share in 2009. EEE reported its 2010 revenue at $403,000, versus $423,000 in 2009. EEE shares gained 4.17% to close at $3.25 yesterday. Read more from Benzinga's Company news.
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VIX Remains Contained 03-14-2011
Monday, March 14, 2011 - 7:01pm | 769Cusick's Corner Volatility, the VIX, remains contained, 21.13, and the market bounced off the lows, S&P June Futures 1990. The bulls garnered enough control to quell some of the fears that have recently entered the markets. With that being said, all eyes will be on the FOMC meeting tomorrow at...
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Uranium Energy Corp Reports Q2 EPS of $(0.10) vs. (0.02)
Monday, March 14, 2011 - 4:45pm | 98Uranium Energy Corp (NYSE: UEC) reports results for the secondquarter. The Company recorded a net loss of $6.6 million or $0.10 per share for the three months ended January 31, 2011 compared to $4.3 million or $0.07 per share for the same quarter last year, and recorded a net loss of $15.5 million...
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Impact Difficult to Price Into Market 03-14-2011
Monday, March 14, 2011 - 3:06pm | 822Cusick's Corner The market is down, but the total impact of Japan is far from over or able to be priced into the market. The market could look to establish a base right around the 1275 level on the S&Ps. What is known is that is volatility is on the move in both names related to Japan and the...
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An Energy Investment Yielding 7 Percent (PVG, PVR)
Monday, March 14, 2011 - 2:15pm | 959Coal is one commodity that people love to hate. Admittedly, the coal industry has had some issues, ranging from mine safety to potential links to global warming. Still, when it comes to generating the power that lights our homes and businesses (and often...
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An Energy Investment Yielding 7 Percent (PVG, PVR)
Monday, March 14, 2011 - 2:15pm | 959Coal is one commodity that people love to hate. Admittedly, the coal industry has had some issues, ranging from mine safety to potential links to global warming. Still, when it comes to generating the power that lights our homes and businesses (and often...
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Always a Bull Market Somewhere - Today it is Solar
Monday, March 14, 2011 - 12:17pm | 858Except for the darkest of days, the speculator class can find a theme and run up stocks in that sector. Today the theme is "away with nucelar, and into solar!" Shaw Group (SHAW) which is the infrastructure company most affiliated with nuclear is being bludgeoned to the tune of a 20% loss (higher...
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Options Brief: Alliance Resource Partners (ARLP)
Monday, March 14, 2011 - 11:20am | 94Shares of Alliance Resource Partners (NASDAQ: ARLP) are higher on the session by 0.42%, trading at $73.60. Overall put volume is now running at 2.15x the daily average, with 12% of all puts traded being purchases on the offer. 1,678 contracts have traded on the session so far. Alliance Resource...
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Uranium Stocks Getting Killed (CCJ, URRE, URZ)
Monday, March 14, 2011 - 9:36am | 83The uranium stocks are getting smoked this morning. Shares of Cameco (NYSE: CCJ) are down $8.12 to $29.26, a loss of 21.7% on heavy volume early this morning. Shares of Uranium Resources, Inc. (NASDAQ: URRE) are down 27% this morning to $1.65, a loss of 65 cents. Uranerz Energy Corp. (URZ)...
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US Stock Futures Down After Strong Losses For Japanese Equities; Berkshire Hathaway To Buy Lubrizol For $135 per share
Monday, March 14, 2011 - 6:43am | 373US stock futures are lower this morning following strong drop in Japanese markets after Friday's strong earthquake. Futures on the Dow Jones Industrial Average dipped 28 points to 11,975.00 and futures on the S&P 500 index fell 2.70 points to 1,298.50. Nasdaq 100 futures dropped 10.75 points to...
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Merger Arbitrage Mondays – March 14, 2011
Monday, March 14, 2011 - 6:27am | 4774Merger activity decreased last week with two new deals announced and three deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 37 Total Number of Deals...
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Retail Sales Strong 03-11-11
Friday, March 11, 2011 - 5:22pm | 963Cusick's Corner The market was relatively strong into the Midday in the face of the tragedy in Japan, but support is now resistance. 1300 is that S&P level where support was holding up until the last two sessions. The market will need to do some work into the After Hours in order for the...