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Trader Bets Noble will Rise Slightly
Monday, April 5, 2010 - 10:53am | 141Noble Corp (NYSE: NE), an offshore drilling contractor for the oil and gas industry, is receiving a neutral to bullish trade this morning. I am seeing the June $43/41 put spread sold for a net credit of $0.85. The trader will keep the net credit if Noble is trading above $43 at expiration; the...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 35
Monday, April 5, 2010 - 8:00am | 1914Year 3, Week 35 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 70.6% (v 76.0% last week) 18 long bias: 24.6% (v 17.8% last week) 3 short bias: 4.8% (v 6.3% last week) [Includes 1 'long dollar' position...
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Offshore Drillers See Swelling M&A Interest
Friday, April 2, 2010 - 1:30pm | 2114Now that it's 2007 all over again, and I am playing with oceanic oil drillers again, it's time to brush up on the subject. [Sep 4, 2007: I'm Buying One Group Today - Deep Sea Oil Drillers] [Sep 13, 2007: I found Goldman's Other Deep Sea Driller Pick - Atwood Oceanics] [Oct 11, 2007: Could it...
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What To Expect From The Markets And ETFs When Interest Rates Rise
Thursday, April 1, 2010 - 1:46pm | 1759“When the next tightening cycle begins, it will not be to throttle an economy that is growing too fast. Instead, it will be to rebalance rates to more reasonable levels. The Economy may be less vulnerable when they begin to tighten, but it will not be too strong. That is a material difference, and...
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Bookkeeping: Adding to Atheros Communications (ATHR); Starting Diamond Offshore Drilling (DO)
Thursday, April 1, 2010 - 1:04pm | 693Atheros Communications (ATHR) *might* be wanting to break out - after a strong morning where is jumped over it's own double top, it has pulled back from the day's highs. For this move to be more reliable a close over $39.15 or so would be a positive. For now, I will add a 1.25% allocation around...
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Stock Market News for April 1, 2010 - Market News
Thursday, April 1, 2010 - 9:46am | 370US stocks ended the first quarter on a moderate note after a disappointing report on jobs worried investors, reminding them of the fragility of the economic recovery. All three indexes ended lower but managed to record gains for the quarter. The Dow average, in a remarkable feat, ended higher for...
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Despite A Slight Loss, US Stock Indexes Put Forth Handsome Quarterly Gains
Thursday, April 1, 2010 - 7:47am | 300US stocks yesterday ended the month and the quarter higher. The year’s first quarter was marked by corporate America reporting higher-than-expected results that beat the year-ago comparisons. The Dow Jones Industrial Average dipped 50.79 points, or 0.5%, for the session to close at 10,856.63. It,...
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Helmerich & Payne Inc.’s (HP) Coverage Initiated With Positive Rating And $44 Price Target
Wednesday, March 31, 2010 - 3:45pm | 80Analysts Charles Minervino and James Shumm at Susquehanna Financial Group have initiated coverage for Helmerich & Payne Inc. (NYSE: HP) with Positive rating. The price target for Helmerich & Payne stock has been set at $44. Analysts believe that the consensus EPS estimates for 2010-2012 at...
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Nabors Industries Ltd.’s (NBR) Coverage Initiated With Neutral Rating
Wednesday, March 31, 2010 - 3:42pm | 85Analysts Charles Minervino and James Schumm at Susquehanna Financial Group have initiated coverage for Nabors Industries Ltd. (NYSE: NBR) with Neutral rating. Analysts like the company’s leverage to international drilling activity. Analysts’ 2010 and 2011 EPS forecast for Nabors Industries Ltd....
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NBR Initiated With Neutral
Wednesday, March 31, 2010 - 8:49am | 42Analysts at Susquehanna Financial initiate coverage of Nabors Industries (NYSE: NBR) with a "neutral" rating. NBR moved down 0.92% to close at $19.35 yesterday. More Analyst Ratings here
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Ascendere Long/Short Model Portfolio End of Day Update: March 25, 2010
Friday, March 26, 2010 - 12:48am | 1064The Ascendere Long/Short Model Portfolio is a "tactical tilt" portfolio that buys the highest quality stocks and sells the lowest quality stocks while maintaining a net long or net short position at all times. While we re-balance the model every month, it ...
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Dow Records Gains For Eight Consecutive Days While S&P 500 Falls (BA, FDX, UPS, NKE, NBR, HP, GME, INTC, PALM)
Friday, March 19, 2010 - 7:01am | 392Dow industrials rose for the eighth consecutive day yesterday, driven by Boeing. However, a range of economic figures released yesterday, such as PPI, kept a check on the broader S&P 500 index. Boeing (NYSE: BA), which went up 2.15% to $70.87, gave the Dow its biggest boost during the day. BA’s...
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Credit Suisse Downgrades Diamond Offshore (DO)
Wednesday, March 17, 2010 - 2:30pm | 118Credit Suisse downgraded shares of Diamond Offshore (NYSE: DO) today from Neutral to Underperform. The firm also lowered their price target for the stock from $86 to $79. Credit Suisse reduced its 2010 EPS estimates to $8.25. On the day, DO shares are down 0.33% and are currently trading at $88.04...
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CLSA Raises Ensco International (ESV) Price Target To $50
Wednesday, March 17, 2010 - 11:19am | 147CLSA Asia Pacific Markets analysts Mark S. Urness and Stephanie Cheng maintained their Outperform rating for shares of Ensco International plc (NYSE: ESV), while raising the price target from $48 to $50. The analysts revealed that offshore drilling contractors have said that inquiry and activity...
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Fast Money Lightening Round: Jim Trounces VIP, VMC, AVP; Favors CL, PL Instead
Wednesday, March 17, 2010 - 8:17am | 202In his “Mad Money Lightening Round,” Jim Cramer warned investors to not buy Vulcan Materials (NYSE: VMC). VMC gained 2.22% yesterday. Jim also thinks that it is time to get out of VimpelCom (NYSE: VIP). VIP added 1.36% in yesterday’s trading. According to Jim, Avon Products (NYSE: AVP) does not...