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Market Roundup (INTC, KEY, RF, HBAN, TCB, YRCW, MEE, PCX, ANR, F)
Tuesday, April 13, 2010 - 3:54pm | 358Intel (NASDAQ: INTC) will report its Q1 earnings after the market closes today. Analysts are expecting strong processor demand. Piper Jaffray stated that INTC “is in its best competitive position in many years heading into what we believe will be a period of strong demand for PCs.” UBS has...
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Bookkeeping: Closing Massey Energy (MEE) - Would Like to Replace with Walter Energy (WLT)
Tuesday, April 13, 2010 - 11:55am | 713I essentially flipped a coin between Massey Energy (MEE) or Walter Energy (WLT) when I began the stake in MEE, looking for coking coal exposure. Right after I purchased it (small stake), it did an offering allowing us a more attractive price to build up a position. Then the stock rallied sharply...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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PCX Raised To Hold At Citigroup
Monday, April 12, 2010 - 8:34am | 49Analysts at Citigroup upgrade Patriot Coal (NYSE: PCX) from “sell” to “hold.” The price target for PCX has been raised from $13 to $22. Shares of PCX closed at $21.98 on Friday. More Analyst Ratings here.
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EMC Corporation And Patriot Coal Corporation Upgraded Today
Monday, April 12, 2010 - 8:27am | 107EMC Corporation (NYSE: EMC) was upgraded today by RBC Capital Markets from Sector Perform to Outperform. EMC Corporation is now trading at $18.75, 1.13% up in the pre-market session. EMC closed at $18.54 in the previous trading session. In the last year, EMC has gained over 39%. Patriot Coal...
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Benzinga’s Top Pre-Market Gainers (ACI, MIR, NLST, GSIT)
Monday, April 12, 2010 - 8:10am | 266Arch Coal, Inc. (NYSE: ACI) rose 2.41% to $25.90 in the pre-market session. Arch Coal was upgraded today by Citigroup from Hold to Buy. The 52-week trading range for ACI is $12.52 - $28.34. In the last six months, Arch Coal has gained over 8%. Mirant Corporation (NYSE: MIR) climbed 15.94% to $12.44...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 36
Monday, April 12, 2010 - 8:00am | 2224Year 3, Week 36 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 62.2% (v 70.6% last week) 19 long bias: 33.5% (v 24.6% last week) [includes 1 option position] 2 short bias: 4.3% (v 4.8% last week) [...
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Massey Energy To Transfer UBB Workers To Other Mines (MEE)
Friday, April 9, 2010 - 3:03pm | 151Massey Energy Co. (NYSE: MEE) has announced that it will augment coal production at its other mines to compensate for the production loss at its West Virginia site. The company’s West Virginia mine had suffered a blast earlier this week, killing 25 miners. According to Reuters, Massey Energy (MEE)...
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FBR Capital Markets Maintains Outperform Rating On Peabody Energy Corporation (BTU)
Thursday, April 8, 2010 - 11:25am | 120Analysts David M. Khani and Mitesh Thakkar at FBR Capital Markets have released an update on Peabody Energy Corporation (NYSE: BTU). Peabody has offered to buy Australia’s Macarthur Coal. Analysts believe that a JV structure will be more accretive for Peabody instead of a full ownership. If...
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Economic News – Hot Topic (NASDAQ:HOTT), United Airlines (NASDAQ:UAUA), US Airways (NYSE:LCC), Bank of America (NYSE:BAC), American International Group (NYSE:AIG)
Thursday, April 8, 2010 - 10:24am | 1289The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week. After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy. Economists had...
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Economic News – Hot Topic (NASDAQ:HOTT), United Airlines (NASDAQ:UAUA), US Airways (NYSE:LCC), Bank of America (NYSE:BAC), American International Group (NYSE:AIG)
Thursday, April 8, 2010 - 10:24am | 1289The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week. After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy. Economists had...
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Peabody May Have To Offer $3.7B For Macarthur Coal
Thursday, April 8, 2010 - 3:34am | 127Peabody Coal (NYSE: BTU), the largest U.S. coal producer, may have to up its unsolicited bid for Australia-based Macarthur Coal to $3.7 billion, according to analysts. Peabody's offers of $3 billion and $3.27 billion have been rejected by Macarthur, which says both offers undervalue the company....
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Massey Energy Takes It On The Chin Again
Thursday, April 8, 2010 - 1:01am | 465Shares of Massey Energy (MEE) dropped another 7% today to end the day at $45.22. Massey has fallen almost $10 per share since the explosion in its Upper Big Branch mine in West Virginia this past Monday. Analysts are recommending buying shares based on the recent drop off. The stock is trading at...
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Will Massey Energy Recover? (MEE)
Thursday, April 8, 2010 - 12:23am | 263From now on, Massey Energy (NYSE: MEE) will be infamous for owning the West Virginia mine that resulted in the worst U.S. mining disaster in a quarter century. At least 25 workers have died and four are still missing after a blast in the Upper Big Branch coal mine. Since the blast, questions have...