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Deutsche Bank’s Near-Term Outlook Remains Positive For Steel Stocks
Monday, July 26, 2010 - 10:07am | 212Freeport-McMoRan Copper & Gold Inc (NYSE: FCX) posted its Q2 EPS in-line with estimates. Deutsche Bank says, “We have trimmed our 2011E EPS by 6% to $8.96 on a 20% cut in FCX gold guidance and higher Tenke costs. FCX's net debt fell QoQ to US$1.7bn and remains on track to be cash positive by...
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Emerging Markets Driving Nuclear Growth
Sunday, July 25, 2010 - 3:17pm | 212According to a report by the New York Times China is “preparing to build three times as many nuclear power plants in the coming decade as the rest of the world combined.” There are currently fifty reactors under construction in the world today, with twenty of them in China. Beijing has proposed...
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Benzinga’s Top Downgrades (PVR, BEC, ACF, TRV)
Friday, July 23, 2010 - 7:08am | 155Penn Virginia Resource Partners LP (NYSE: PVR) was downgraded by RBC Capital from “outperform” to “sector perform.” PVR’s shares closed at $23.70 yesterday. Penn Virginia Resource Partners’ earnings may fall by 53.42% this year. Piper Jaffray downgraded Beckman Coulter Inc (NYSE: BEC) from "...
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Arch Coal Announces Quarterly Dividend
Thursday, July 22, 2010 - 5:09pm | 91The board of directors of Arch Coal, Inc. (NYSE: ACI) today declared a quarterly cash dividend of $0.10 per share on the company's common stock. The dividend is payable September 15, 2010 to shareholders of record on September 1, 2010. St. Louis-based Arch Coal is the second largest U.S. coal...
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Coal Miner Peabody's Profit Surges (BTU)
Tuesday, July 20, 2010 - 8:35am | 71Peabody Energy (NYSE: BTU) reported earnings per share of $0.69 cents, beating estimates by $0.05 cents, on sales of $1.66 billion, versus the consensus of $1.68 billion. Peabody raises its midpoint for fiscal year 2010 earnings per share to $2.60-$3.15, versus the consensus of $3.10. Revenue rose...
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A Look Ahead at Earnings Next Week
Friday, July 16, 2010 - 2:23pm | 970With the S&P 500 grasping at 1070, and yet another "90% day" as the student body has run back to the left ("risk off" stampede), let's take a look ahead at the key reports next week; both for the greater market and what we have our eyes on. The next 3 weeks are the heart of the earnings season...
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Benzinga’s Top Upgrades (BTU, AZN, NEE, DDMX)
Wednesday, June 30, 2010 - 7:41am | 135Peabody Energy Corporation (NYSE: BTU) was upgraded by Deutsche Bank from “hold” to “buy.” BTU’s shares closed at $39.33 yesterday. Peabody Energy’s earnings are likely to grow 50.49% next year. Jefferies upgraded AstraZeneca plc (NYSE: AZN) from “underperform” to “hold.” AZN’s shares closed at $48...
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Highest Yielding China Stocks
Tuesday, June 29, 2010 - 12:04am | 570I personally don't care for Chinese stocks; after all, it is a Communist country. But many investors are willing to take the risk. Features of China include:* It is one of the BRIC countries* It is the largest country in the world by population* It has the second largest GDP by purchasing power...
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Benzinga's Top ETF Decliners (ERX, UNG, DRN, KOL)
Monday, June 28, 2010 - 4:35pm | 159Energy stocks traded lower today, along with Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX). ERX dropped 4.15% and had a volume of 4.09M shares. Natural gas failed to get back above $5 today, it dropped approximately 2.5% and closed around $4.7. United States Natural Gas Fund (NYSE: UNG)...
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Benzinga's Top ETF Gainers (ERY, DRV, ZSL, DZZ)
Monday, June 28, 2010 - 4:18pm | 229Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) gained 4.43% today, as energy stocks struggled. Range Resources Corp. (NYSE: RRC) fell 4.45%, and Massey Energy Company (NYSE: MEE) fell 4.01%. In the real estate sector, Boston Properties, Inc. (NYSE: BXP) fell 2.09% and Simon Property Group,...
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BW: CGM Focus's (CGMFX) Ken Heebner - a Hot Touch Gone Cold
Friday, June 25, 2010 - 11:03am | 1956It is amazing what a few years will do to you. Not 2 years ago Ken Heebner of CGM Funds was the most celebrated mutual fund manager since Peter Lynch. [May 28, 2008: Ken Heebner - America's Hottest Investor] His mad dash concentrated style broke the mold in a staid profession. [May 6, 2008:...
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Banks As Realtors 06-22-2010
Tuesday, June 22, 2010 - 2:52pm | 781Cusick’s Corner Existing Home sales data came in worse than expected at 5.66 million units, which pulled down the market early but after review of the data, the market clawed back with the major indices hovering around breakeven. This recent data created two camps, one believes that the number of...
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Company News for June 22, 2010 - Corporate Summary
Tuesday, June 22, 2010 - 9:51am | 197• Walgreen (NYSE:WAG) posted a fiscal third quarter earnings of 53 cents a shares, 4 cents below Zacks projections. Revenues of $17.2 billion, a 6.1% increase, were above Zacks estimates of $17.1 billion • Intel (NASDAQ:INTC) and the FTC are reportedly in talks over a possible antitrust settlement...
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Benzinga's After Hours Decliners (SONC, PCX, MS)
Monday, June 21, 2010 - 5:46pm | 160Among the notable stocks that are moving lower in the after hours are Sonic Corporation (NASDAQ: SONC), Morgan Stanley (NYSE: MS), and Diamond Offshore Drilling (NYSE: DO). Sonic (SONC) reported their quarterly earnings after the closing bell this afternoon. The company earned $0.15 per share...
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Jefferies Maintains Buy Rating On Peabody Energy (BTU)
Friday, June 18, 2010 - 1:21pm | 143Jefferies released a company note on shares of Peabody Energy (NYSE: BTU) today. They wrote that "Peabody Energy, the largest global coal company with sizable production assets across the U.S. and Australia, appears poised to benefit from robust Chinese and Indian demand for thermal and...