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ANR Initiated With Buy At Deutsche Bank
Thursday, March 25, 2010 - 10:03am | 51Analysts at Deutsche Bank initiate coverage of Alpha Natural Resources Inc (NYSE: ANR) with a "buy" rating. The target price for ANR is set to $65. ANR’s shares closed at $49.27 yesterday. More Analyst Ratings here
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ACI Initiated With Buy At Deutsche Bank
Thursday, March 25, 2010 - 9:07am | 49Analysts at Deutsche Bank initiate coverage of Arch Coal (NYSE: ACI) with a "buy" rating. The target price for ACI is set to $32. ACI’s shares closed at $23.90 yesterday. More Analyst Ratings here
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Benzinga’s Top Upgrades (RAH, TSN, PLCM, JEC, CNX)
Wednesday, March 24, 2010 - 9:56am | 254Ralcorp Holdings Inc (NYSE: RAH) was upgraded by Sun Trust Robinson Humphrey from “neutral” to “buy.” RAH’s shares closed at $67.95 yesterday. RAH’s shares have gained 13.80% year-to-date. Read more about this company here. BB&T Capital Markets upgraded Tyson Foods Inc (NYSE: TSN) from “hold”...
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U.S. Equity Market Preview (ADBE, AKS, CNX, DRI, GIS)
Wednesday, March 24, 2010 - 9:26am | 310Shares of the following companies may see some unusual movements in trading on Wednesday, according to Bloomberg. Adobe Systems Incorporated (NASDAQ: ADBE), a diversified software company, raised forecast for its sales in second-quarter. Shares of Adobe were up 5.34% to $37.10 in pre-market trading...
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Volume Talks Monday: A Sirius Reversal
Tuesday, March 23, 2010 - 9:39am | 2912As the market traded higher across the board Monday on lighter volume, there were many stocks which traded higher/lower on above average volume. Today's breakout report is for Monday March 22, 2010. If this is your first time reading one of my breakout reports you'll want to read the section...
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Massey Energy (MEE) Plans 8.5M Share Offering
Tuesday, March 23, 2010 - 8:00am | 572What fortunate timing; the day I purchase Massey Energy (MEE) the company decides to do a 8.5M share offering after the close. Now, as I have mentioned I am seeing some strange things of late where companies who are doing share offerings actually are seeing their stocks jump during the day of the...
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CNX Energy Corp. (CXG) Breaches Above 20 Day, 50 Day and 200 Day MA In Same Session
Monday, March 22, 2010 - 12:56pm | 165CNX Energy Corp. (NYSE: CXG) breached above its 20 day MA, 50 day MA and 200 day MA in the same session by mid-day trading on Monday to move into a new breakout zone. CONSOL Energy Inc. (NYSE: CNX) announced on Sunday it has entered into an agreement to buy 9.5 million shares of CNX Gas Corp. (CXG...
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Bookkeeping: Starting Massey Energy (MEE), Replacing BHP Billiton (BHP)
Monday, March 22, 2010 - 11:38am | 683I am going to replace mining giant BHP Billiton (BHP) - one of our longest held holdings - with a much less diversified name, Massey Energy (MEE) now that the stock has finally come in. This name was my preferred choice in the space after it's recent acquisition [Mar 17, 2010: Massey Energy Seeks...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 33
Monday, March 22, 2010 - 8:00am | 2877Year 3, Week 33 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 71.6% (v 73.1% last week) 18 long bias: 19.3% (v 22.1% last week) 5 short bias: 9.1% (v 7.4% last week) [Includes 1 'long dollar' position...
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ETF Investors Should Continue To Be Content With The Metals And Mining Industry Group
Saturday, March 20, 2010 - 9:44pm | 892“The metals and mining industry group has been a market leader during the past year, with the SPDR S&P Metals and Mining exchange-traded fund soaring more than 117% during the prior 52 weeks. Comparatively, the S&P 500 index has rallied some 48% during the same time frame. What’s more, XME...
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Bookkeeping: Restarting Alpha Natural Resources (ANR)
Thursday, March 18, 2010 - 2:18pm | 605We've been discussing coking coal a lot of late, and when I sold Potash this was one sector (the other being iron ore) I wanted to offset that sale by going into. However, the stocks involved have simply been on fire, and most days you have to chase just to be involved. Of the major met coal...
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Massey Energy Company (MEE) Maintains Buy Rating
Thursday, March 18, 2010 - 12:07pm | 111Analysts at Jefferies & Company, Inc. have released an update on Massey Energy Company (NYSE: MEE). Analysts believe that the company is currently well capitalized. Massey Energy is ranked as the largest, most diversified, and lowest cost coal producer in Central Appalachia. According to...
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Dow Jones Climbs To Highest Level Since October 2008 (BLK, AA, MEE, F, HIG)
Wednesday, March 17, 2010 - 5:23pm | 282Bloomberg reports that the Dow Jones Industrial Average climbed to its highest level since October 2008 on Wednesday. The Index gained, led by Alcoa Inc. (NYSE: AA), which closed 4.78% higher at $14.46, with concerns that an economic recovery would stoke inflation eased. The Dow was up for the...
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Massey Energy Company (MEE) Maintains Market Perform Rating
Wednesday, March 17, 2010 - 4:00pm | 95Analyst Meredith Bandy at BMO Capital Markets has released an update on Massey Energy Company (NYSE: MEE). The company has announced an agreement to purchase Cumberland Resources for $960 million in a cash and stock deal. BMO Capital Markets expects the deal to be 10% accretive to 2010 earnings...
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Massey Energy To Buy Cumberland Resources (MEE)
Wednesday, March 17, 2010 - 11:35am | 141Massey Energy Co. (NYSE: MEE) has agreed to acquire Cumberland Resources Corp. for $960 million. The deal will be financed with cash and stock. It will also give Massey Energy (MEE) an opportunity to expand its operations in central Appalachia. Don Blankenship, Chairman and Chief Executive Officer...