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Sectors to Watch 06-27-2011
Monday, June 27, 2011 - 8:13pm | 907Cusick's Corner While the market held onto the midday gains, the volume was light and the Greek austerity vote is still a headline risk in the market during this pre-vacation week. So while we watch the potential headlines overseas, do not lose sight of other barometers, .i.e. the offensive...
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Nuclear Energy and Uranium Stocks Poised To Rebound
Friday, June 24, 2011 - 5:31pm | 1410A significant base may be forming in uranium stocks — seen in the Global X Uranium ETF (URA) — as Japan's troubled nuclear energy industry passed its first major vote since the Fukushima tragedy. Many of the stocks that make up this ETF are down more than 40% such as Uranium Resources (URRE) and...
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BMO Upgrades Cameco To Outperform
Thursday, June 23, 2011 - 8:05am | 21BMO Capital Markets has upgraded Cameco (NYSE: CCJ) from Market Perform to Outperform.
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 5:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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Dahlman Rose Provides Color on Coal Sector
Wednesday, June 22, 2011 - 8:27am | 233Dahlman Rose provided color on the coal sector. In a research report published today, Dahlman Rose stressed its optimism about the sector's long term performance. In the report, Dahlman Rose states, "We believe the recent sector pullback provides attractive entry points for our favorite names....
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Jefferies Reiterates Hold on USEC, Reduces PT to $3.75
Wednesday, June 22, 2011 - 6:34am | 90Jefferies reiterated its Hold rating on USEC (NYSE: USU). At the same time, Jefferies lowered its price target on the company's stock from $5.25 to $3.75. In a research report published today, Jefferies states, "With decisions on the DOE loan guaranty and the long-term plan for Paducah likely this...
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Jefferies Lowers PT On USEC To $3.75
Wednesday, June 22, 2011 - 5:41am | 26Jefferies & Company has lowered the price target on USEC (NYSE: USU) from $5.25 to $3.75 and maintains its Hold rating.
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Basic Materials Sector On Fire
Tuesday, June 21, 2011 - 12:33pm | 442The Basic Materials Sector is the hottest area of the market in today's session, currently up 2.4% on the day. The best performing stocks in the S&P 500 Basic Materials Sector currently are: 1) International Paper (NYSE: IP): Shares of International Paper are currently trading up 4.2% from...
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Patriot Coal Trading Higher After Goldman Sachs Upgrades Coal Sector
Monday, June 20, 2011 - 9:57am | 53Patriot Coal (NYSE: PCX) is trading over 4.50% higher after Goldman Sachs upgraded the coal sector. The shares are currently trading at $19.84. Patriot Coal Corporation is a producer of coal in the eastern United States, with operations and coal reserves in Appalachia and the Illinois Basin.
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Goldman Sachs Says Coal Space Attractive
Monday, June 20, 2011 - 8:00am | 194Goldman Sachs is out with a research report on the coal space, and has moved the space to Attractive from Neutral. It upgraded Patriot Coal (NYSE: PCX) to Conviction Buy, and Peabody Energy (NYSE: BTU) to Buy from Neutral. In the note to clients, Goldman writes, "We raise our coverage view to...
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Merger Arbitrage Mondays – June 20, 2011
Monday, June 20, 2011 - 4:08am | 4958Merger activity increased last week with seven new deals announced and six closing. This spike in deals announced follows a temporary lull in the week prior where no new deals were announced. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates...
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Gabelli Maintains Buy on Cameco
Friday, June 17, 2011 - 9:44am | 104Gabelli is out with its report today on Cameco (NYSE: CCJ), maintaining Buy. In a note to clients, Gabelli writes, "Cameco is highly committed to long-term uranium contracts until 2016 which provides protection in the near term to volatile uranium spot prices post the nuclear incident in Fukushima...
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Gabelli Initiates Cameco Corporation At Buy
Friday, June 17, 2011 - 8:53am | 21Gabelli has initiated coverage on Cameco Corporation (NYSE: CCJ) with a Buy rating.
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Three Consumer Discretionary ETFs Worth Embracing, S&P Says
Thursday, June 16, 2011 - 1:40pm | 374In this environment of slack job growth and concerning economic data points on an almost daily basis, consumer discretionary ETFs may not seem like the first place investors should be rushing to, but a few may be worth a look, according to Standard & Poor's Equity Research. The research firm...
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Absaloka Mine Reaches New Four-Year Labor Agreement
Thursday, June 16, 2011 - 10:38am | 118Westmoreland Coal Company (NASDAQ: WLB) today announced that a new collective bargaining agreement has been reached with the represented employees at Westmoreland Resources Inc.'s Absaloka Mine in Montana. The new agreement with the International Union of Operating Engineers Local 400 is effective...