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Market Roundup (APC, SII, SLB, FPL, DUK, EXC, CEG, PBS, HES, MEE)
Monday, February 22, 2010 - 3:05pm | 392According to a survey conducted by Bloomberg, Chinese demand and the cold US winter could send coal prices substantially higher. The price of coal is already up more than 20% from last year's lows. “If you look at the pricing increases we’re seeing now in regard to future sales, they have not only...
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Bloomberg: Coal Rally on Chinese Demand Sparks $59 Estimates
Monday, February 22, 2010 - 11:00am | 1150A lot of mixed message coming out of China on the commodity front... a potential excess of copper [Feb 9, 2010: China Copper Imports to Halve] and steel [Feb 10, 2010: China to Curb "Maverick" Steelmaking as Costs Rise], but lacking in coal. Of course coking coal being one of the components that...
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FBR Capital Markets Maintains Consol Energy (CNX) Outperform Rating
Monday, February 22, 2010 - 9:16am | 155FBR Capital Markets analysts David M. Khani and Mitesh Thakkar responded to news that Consol Energy Inc. (NYSE: CNX) was scaling back Fola operations. Consol Energy announced on Friday after the market close that the company was restructuring its Fola operations due to market conditions and that...
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Capture Some Growth With This ETF
Sunday, February 14, 2010 - 9:19pm | 238Looking to score some growth stocks on the cheap? Rather than spend countless hours doing all the research on your own, one ETF might be able to help out and that is the PowerShares Value Line Timeliness Select ETF (NYSE: PIV). PIV is well balanced across large, mid and small-cap growth. Large-cap...
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WSJ: World's Largest Coal Producer, Coal India, has $6 Billion in the Bank, and is on the Prowl for Assets
Friday, February 12, 2010 - 12:00pm | 1034It looks like China is not the only one scanning the globe for natural resources to secure... Coal India has a $6B war chest it is looking to deploy. Considering the size of some of the larger US coal companies (Massey Energy - $3.5B, Walter Energy - $4.0B), perhaps they are too big but there are...
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Benzinga’s Top Upgrades (AYE, JDSU, BTU, CBS, TCK)
Friday, February 12, 2010 - 11:55am | 207Allegheny Energy Inc (NYSE: AYE) was upgraded by RBC Capital Markets from “underperform” to “sector perform.” AYE’s shares slipped by 1.93% to $23.09 at 10:22 a.m. AYE has 52-week trading range of $19.94-$29.31. AYE’s shares have gained 0.30% year to date. Morgan Keegan upgraded JDS Uniphase Corp...
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Peabody Energy (BTU) Upgraded To Overweight
Wednesday, February 10, 2010 - 11:02am | 61Body: Analysts at JP Morgan upgrade Peabody Energy Corporation (NYSE: BTU) from "neutral" to "overweight." The target price for BTU is set to $50. JP Morgan believes that BTU is well positioned for growth in 2010. BTU’s shares closed at $42.37 yesterday. Read more about the market
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Massey Energy Downgraded To Neutral
Wednesday, February 10, 2010 - 10:58am | 51Analysts at JP Morgan downgrade Massey Energy Company (NYSE: MEE) from "overweight" to "neutral." JP Morgan believes that the valuation of MEE is attractive. MEE’s shares closed at $40.05 yesterday. Read more about the market
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Company News for February 10, 2010 - Corporate Summary
Wednesday, February 10, 2010 - 10:25am | 256• Bank of America (NYSE:BAC) upgraded Dell (NASDAQ:DELL) to "buy" from "neutral," with the price target raised to $18 from $16.50 • Adobe (NASDAQ:ADBE) was upgraded by analysts at Credit Suisse (NYSE:CS) from "neutral" to "outperform," with the price target raised to $39.50 from $35 • Peabody...
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Benzinga’s Top Downgrades (ENER, CRXL, WEC, VTAL, MEE)
Wednesday, February 10, 2010 - 10:01am | 266Energy Conversion Devices, Inc. (NASDAQ: ENER) declined 3.08% to $7.56 in the pre-market session after Energy Conversion was downgraded by UBS to Sell from Neutral. The 52-week trading range for ENER is $7.75 - $30.45. Energy Conversion closed at $7.80 in the previous trading session. Crucell N.V...
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The Budget Effect: Analyst Picks Stocks (USU, SGR, CCJ)
Thursday, February 4, 2010 - 6:23am | 145President Obama has presented the budget proposal for fiscal year 2011. Talking with CNBC, Dan Fitzpatrick, president of Stock Market Mentor, shared his insight. Dan said that the Retail sector is likely to be hit hard by some budget provisions. He said that higher taxes will also have a negative...
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Citigroup Says Hold On To Massey Energy
Wednesday, February 3, 2010 - 9:59am | 45Analysts at Citigroup upgrade Massey Energy Co. (NYSE: MEE) from "sell" to "hold." The target price for MEE has been raised from $35 to $42. MEE had recently posted impressive results for Q4.MEE’s shares closed at $42.10 yesterday.
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Massey Energy (MEE) Post Massive Drop in Q4 Income, Ramps Up Outlook Anyway
Wednesday, February 3, 2010 - 12:40am | 98A slight dip in revenue led to a major dip in income for Massey Energy Company (NYSE: MEE) last quarter. The coal producer's fourth-quarter revenue fell to $583.9... a 22% decline from the $755 million from Q4 2008's revenue. Net income fell from $47.7 million to $24.4 million - a 49% dip. On a per...
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CONSOL Energy (CNX) Reiterates Growth Outlook; Multiple Expansion Likely
Friday, January 29, 2010 - 3:42pm | 99CONSOL Energy (NYSE: CNX) reported 4Q EPS of $0.78, better than consensus estimates of $0.74. The company has raised its met volume expectations and reiterated its growth outlook on gas operations. CONSOL is set to benefit from rising met coal output, improving NAPP coal markets from met pull and...
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Top Narrow Based Indexes Today
Friday, January 29, 2010 - 3:36pm | 198The top performing narrow based indexes today are Uranium Stocks, which are up 3.4%, Laser Stocks, and Bill Collector Stocks. The Laser stock index has appreciated 3% and the Bill Collector names have gained 2.7% on an otherwise relatively flat and lackluster day in the markets. Leading the way in...