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Energy Stocks Flat After Solid Performance (RIG, COP, CPN, POM)
Wednesday, April 21, 2010 - 1:02pm | 171Energy stocks had a flat opening today. The NYSE Arca Oil Index was marginally down to 1,129, whereas the NYSE Arca Natural Gas Index was moderately lower with a decline of 0.1% from its closing yesterday. Transocean Ltd.’s (NYSE: RIG) shares were down by 1.2% on the news of a fire accident at one...
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Plenty Of Earnings Reports Left To Jolt OIH
Wednesday, April 21, 2010 - 7:10am | 226Earnings from the oil services group started to trickle in earlier this week when Halliburton (NYSE: HAL), the world's second-largest oilfield services provider, delivered a so-so quarter. There are more reports to come over the next few days, starting Wednesday with Noble Energy (NYSE: NE) and...
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Morgan Keegan Lowers Estimates For Diamond Offshore Drilling, Inc. (DO)
Monday, April 19, 2010 - 3:39pm | 90Analysts Matthew H. Beeby and Matthew A. Beesley at Morgan Keegan have lowered their estimates for Diamond Offshore Drilling, Inc. (NYSE: DO) as they have pared back their floater dayrate assumptions for rigs rolling off contract by the end of 2011. For the first-quarter, analysts have lowered...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 37
Monday, April 19, 2010 - 2:18pm | 1588Year 3, Week 37 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 65.5% (v 62.2% last week) 18 long bias: 27.4% (v 33.5% last week) 3 short bias: 7.1% (v 4.3% last week) [Includes 1 'long dollar' position...
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US Stocks Suffer Heavily At The Hands Of Goldman
Monday, April 19, 2010 - 7:52am | 339US stocks were dragged down on Friday, after news of the Securities and Exchange Commission (SEC) charging Goldman Sachs Group Inc (NYSE: GS) hit the market. The Dow Jones Industrial Average slipped 125.91 points, or 1.1%, to close at 11,018.6. The Dow still posted its seventh straight weekly gains...
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Benzinga’s Top Downgrades (LTRE, ME, NVDA, RIG, DO)
Friday, April 16, 2010 - 2:08pm | 166Learning Tree International Inc (NASDAQ: LTRE) was downgraded by B Riley from “buy” to “neutral.” LTRE’s quarterly sales growth is 14.38% y/y. Wunderlich downgraded Mariner Energy Inc (NASDAQ: ME) from “buy” to “hold.” ME’s shares have jumped 121.19% so far this year. Needham downgraded NVIDIA...
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Benzinga’s Top Upgrades (PPG, WPI, AUXL, AGCO, RDC)
Friday, April 16, 2010 - 2:05pm | 172PPG Industries Inc (NYSE: PPG) was upgraded by Wedbush from “neutral” to “outperform.” PPG’s shares fell 1.28% to $68.84. PPG’s quarterly earnings growth is 97.50% y/y. Needham upgraded Watson Pharmaceuticals Inc (NYSE: WPI) from “underperform” to “hold.” WPI’s stock has risen by only 6.99% so far...
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Bookkeeping: Closing Diamond Offshore Drilling (DO)
Friday, April 16, 2010 - 1:17pm | 522I don't know what is wrong with the oil services sector but as I mentioned yesterday in the "solar and dry bulk shippper" piece, every 'growthy' type of sector had now experienced a rally these past 2 months except for the oil services. Not just drillers, but the whole ecosystem has done very...
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Credit Suisse Raises Price Target And Estimates For Transocean Ltd. (RIG)
Wednesday, April 14, 2010 - 10:37am | 104Analysts Arun Jayaram and Eduardo Royes at Credit Suisse have released an update on Transocean Ltd. (NYSE: RIG). Analysts say that the company’s April status report was positive at the margin, with solid backlog builds in the floater and jackup segments. Analysts have raised their 2010 and 2011...
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Fast Money Picks For April 14th (DPZ, DRYS, MHS, RDC, GE)
Tuesday, April 13, 2010 - 7:16pm | 176Tim Seymour said on CNBC's Fast Money Final Trade that he likes DryShips Inc. (NASDAQ: DRYS). DryShips Inc. (DRYS) fell 1.23% today and closed at $6.44. Gary Kaminsky is speculating that an upside surprise might be coming in Domino's Pizza, Inc. (NYSE: DPZ). Domino's Pizza, Inc. (NYSE: DPZ) spiked...
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"Mad Money Lightning Round:" Jim Cramer Favors TQNT, AKS, AKAM, WLT, HE, DVN, MTW, WFT, DNDN
Tuesday, April 13, 2010 - 6:37am | 399In his "Mad Money Lightning Round," Jim Cramer said that Triquint Semiconductor (NASDAQ: TQNT) is the key player in the mobile Internet tsunami and is worth investing into. TQNT added 1.68% in after hours trading. Although Jim liked AK Steel Holding (NYSE: AKS) for its steel business, he said that...
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Company News for April 12, 2010 - Corporate Summary
Monday, April 12, 2010 - 9:45am | 189• Mirant Corp (NYSE:MIR) agreed to a merger with rival RRI Energy (NYSE:RRI) in an all-stock deal valued at $3.1 billion • UBS (NYSE:UBS), ahead of a likely contentious Wednesday shareholders meeting, preannounced estimated pretax profits of at least $2.36 billion for the first quarter • ...
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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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Top 5 Stocks In The Basic Materials Sector With Lowest PEG (AEM, IAG, CXO, LZ, ESV)
Monday, April 5, 2010 - 11:09am | 156Below are the top 5 basic materials stocks in terms of return on assets. Agnico-Eagle Mines Ltd (NYSE: AEM) has a PEG ratio of 0.49. AEM’s quarterly earnings growth is 119.10% y/y. IAMGOLD Corp (NYSE: IAG) has a PEG ratio of 0.52. IAG’s quarterly revenue growth is 26.50% y/y. Concho Resources Inc...
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Top 5 Stocks In The Basic Materials Sector With Highest Cash (UGP, CE, ESV, CIE, NBR)
Monday, April 5, 2010 - 11:06am | 156Below are the top 5 basic materials stocks in terms of cash. Ultrapar Holdings Inc (NYSE: UGP) had $1.29 billion cash in the latest quarter. UGP’s quarterly earnings are 118.70% y/y. Celanese Corp (NYSE: CE) had $1.26 billion cash in the latest quarter. The trailing-twelve-month return on equity...