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Arch Coal Retains Neutral Rating (ACI, GS)
Monday, August 2, 2010 - 3:58pm | 128Arch Coal Inc. (NYSE: ACI) has reported its 2Q10 adjusted EPS/EBITDA at $0.27/$163 million. The company has also raised the lower end of its EBITDA guidance by $18 million, leaving the upper end unchanged. In a research report, Goldman Sachs (NYSE: GS) has maintained its neutral rating for the...
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Jefferies & Company Reaffirms Buy on Arch Coal (ACI)
Monday, August 2, 2010 - 2:37pm | 158Jefferies & Company, Inc. is out with a report, where it reaffirms its “buy” rating on shares of Arch Coal (NYSE: ACI); it has also set a price target at $34.00. While 2Q results were in line with both consensus and Jefferies estimates, analysts believe “supply cuts, capital expenditure...
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Earnings Scorecard: Massey Energy - Analyst Blog
Monday, August 2, 2010 - 1:06pm | 772U.S. coal producer Massey Energy Company’s (MEE) second quarter results on July 27, 2010, came in below expectations as it struggles to recover from the recent Upper Big Branch (UBB) mine accident. The ongoing inspection and enforcement activity due to the UBB tragedy continues to hurt the company...
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Dahlman Rose Lowers Price Target; Reiterates Buy Rating on Consol Energy (CNX)
Monday, August 2, 2010 - 12:47pm | 140Dahlman Rose & Co. is out with a research report this morning, where it reiterates its Buy rating on Consol Energy (NYSE: CNX); it also lowered its price target to $51.00, from $54.00. The Dahlman analysts cited the company’s most recent earnings report, which missed both the Street and the...
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Fast Money Picks For August 2nd (PM, TEVA, HGSI, COV, BTU)
Friday, July 30, 2010 - 6:22pm | 172On CNBC's Fast Money, Joe Terranova recommended investors to buy Teva Pharmaceutical Industries Ltd (ADR) (NASDAQ: TEVA) on Monday. Teva Pharmaceutical Industries Ltd (ADR) (TEVA) jumped 3.56% today, and closed at $48.85. Patty Edwards is a buyer of Philip Morris International Inc. (NYSE: PM), and...
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ICO Sustains Sales, Controls Costs, Maintains Positive Outlook
Friday, July 30, 2010 - 8:52am | 94International Coal Group, Inc. (NYSE: ICO) reported a $10M charge to buyout a 400k ton thermal sales agreement, for which it expects a margin of $75/ton on a buyout of $25/ton, according to Dahlman. Dahlman reports that ICO adjusted its EBITDA of $55M vs. the $57M expected by Dahlman, due to lower...
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International Coal Earnings In Line With Estimates, Dahlman Rose Reiterates Buy (ICO)
Friday, July 30, 2010 - 8:30am | 134Dahlman Rose analysts Danial Scott and Chris Turnure reiterated a Buy rating after International Coal (NYSE: ICO) posted in-line results. ICO reported adjusted EBITDA of $55 million versus $53 million consensus. The analysts said, "International Coal recorded another solid performance in 2Q10 which...
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Wunderlich Securities Reiterates Buy Rating on Penn Virginia GP Holdings (PVG)
Thursday, July 29, 2010 - 2:23pm | 187Wunderlich Securities is out with a research report this afternoon, where it reiterates its Buy rating on Penn Virginia GP Holdings (NYSE: PVG); it has a $26.00 price target on the stock. The WS analysts cited the company’s recent earnings distribution, which was slightly below the Street’s...
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Arch Coal’s Front Month Put Volume Surges (ACI)
Thursday, July 29, 2010 - 1:21pm | 167Shares of Arch Coal Inc. (NYSE: ACI) are higher on the session by 2.83%, currently trading at $22.53. The stock has been moving largely sideways for the past three months, but has managed to rally above the 50-day and 200-day moving averages as of late. Options traders are flocking to the puts,...
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Company News for July 29, 2010 - Corporate Summary
Thursday, July 29, 2010 - 10:12am | 291• Colgate-Palmolive (NYSE:CL) reported a one-cent second quarter beat with earnings of $1.17 on revenues up 1.8% to $3.8, shy of Street projections of $3.94 billion • Becton Dickinson (NYSE:BDX) topped consensus expectations by a nickel with fiscal third quarter earnings of $1.29 on a 3.1% revenue...
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Top 4 Stocks In The Nonmetallic Mineral Mining Industry With The Highest Cash (NGD, IPI, HWD, AHGP)
Thursday, July 29, 2010 - 5:39am | 151Below are the top nonmetallic mineral mining stocks on the NYSE, the AMEX and the NASDAQ in terms of cash. New Gold Inc (AMEX: NGD) had $343.71 million in total cash for the latest quarter. NGD’s total debt for the same period amounted to $217.70 million. Intrepid Potash Inc (NYSE: IPI) had $113.89...
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Top Performing Industries For July 28 (MBND, AHGP, CEA, WYN)
Wednesday, July 28, 2010 - 11:30am | 211At 11:06 am, the Dow lost 0.18% to 10,519.15, the broader Standard & Poor's 500 index moved down 0.41% to 1,109.25 and the NASDAQ composite index fell 0.56% to 2,275.36. The industries that are driving the market today are: Telecom Services-Foreign: This industry jumped 3.77% by 11:06 am. The...
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Patriot Coal On Hold With High Costs
Wednesday, July 28, 2010 - 9:56am | 83Patriot Coal Corporation (NYSE: PCX) saw large expenses in its 2Q that were inflated by increased inspections and operational issues, according to Dahlman Rose. Costs have increased $5/ton for Central Appalachia and Illinois Basin as well, and management expects a $1-2/ton impact for all eastern...
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Top Narrow Based Indexes For July 27 (URZ, ECPG, NGLPF)
Tuesday, July 27, 2010 - 1:41pm | 186By 1:25 pm, the Dow Jones Industrial Average was up 13.25 points, or 0.13%, to 10,538.68, while the broader Standard & Poor's 500 index had lost 1.64 points, or 0.15%. The NASDAQ composite index fell 9.68 points, or 0.42%. Some of the narrow based indexes supporting the markets are Uranium...
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ETFs To Watch July 27, 2010 (IYT, FXB, EWS, IBB)
Tuesday, July 27, 2010 - 5:28am | 276Here is the ETF Professor's ETF Watch List for Tuesday July 27, 2010. Play earnings from DuPont (NYSE: DD) with the Materials Select Sector SPDR (NYSE: XLB). The iShares Dow Jones Transportation Average Index Fund (NYSE: IYT) should be on your list anyway, but use it to play earnings reports from...