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SeaDrill Unit Will Acquire Allis-Chalmers For $890M
Friday, August 13, 2010 - 8:23am | 93SeaDrill (NYSE: SDRL), the offshore drilling contractor, said its Seawell unit will acquire Allis-Chalmers (NYSE: ALY), the oilfield services company, for $890 million. Seawell is listed in Norway. Allis-Chalmers shareholders are eligible to receive $4.25 in cash or 1.15 shares of Seawell for each...
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OWENS-ILLINOIS (OI) - Profit Tracks
Thursday, August 12, 2010 - 1:37pm | 582Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....
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Zacks Sell List Highlights: CGG Veritas, Owens-Illinois, CEC Entertainment and Stratasys - Press Releases
Thursday, August 12, 2010 - 1:07pm | 1284For Immediate Release Chicago, IL – August 12, 2010 – Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): CGG Veritas (CGV) and Owens-Illinois, Inc. (...
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Mad Money Lightning Round: Jim Cramer Expect PG To Rise
Thursday, August 12, 2010 - 10:22am | 260In his Wednesday’s "Mad Money Lightning Round," Jim Cramer said that Procter & Gamble (NYSE: PG) is the type of stock that will rise tomorrow. On Priceline.com (NASDAQ: PCLN), Jim said, "This was a gigantic short squeeze and I want to start picking at it tomorrow. They've got a great business...
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Mad Money Lightning Round: Cramer Thinks That MHS Is A Buy (PG, PCLN, F, WG, FLR, EXPD, AAWW, MHS)
Wednesday, August 11, 2010 - 8:24pm | 293On CNBC's Mad Money Lightning Round, Jim Cramer said that people will come tomorrow between 12:30 and 2 o'clock, and buy The Procter & Gamble Company (NYSE: PG). The Procter & Gamble Company (PG) fell 0.84% today. Cramer wants to buy priceline.com Incorporated (NASDAQ: PCLN) tomorrow on the...
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Honeywell Wins Contract - Analyst Blog
Wednesday, August 11, 2010 - 3:11pm | 514Honeywell International Inc.’s (HON) navigation system has been chosen by the U.S. army for deployment in the M119 howitzer, which is a lightweight 105-mm howitzer used by the United States Army. It can be easily airlifted, even by helicopter, or dropped by a parachute. The contract is an...
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Afternoon Market Update (NBR, SWSI, BBY, BBBY, SHLD)
Tuesday, August 10, 2010 - 1:29pm | 271Energy stocks have erased their Monday’s mild gains and are in the red today. Shares of Nabors Industries Ltd (NYSE: NBR) have lost more than 6% after it agreed to purchase Superior Well Services Inc (NASDAQ: SWSI) for $22.12 per share. The NYSE Arca Oil (XOI) and the NYSE Arca Natural Gas (XNG)...
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Nabors Agrees to Buy Superior - Analyst Blog
Tuesday, August 10, 2010 - 1:07pm | 512Nabors Industries Ltd (NBR) – North America’s largest onshore oil and natural gas driller – has agreed to acquire oilfield services provider Superior Well Services Inc. (SWSI) for about $900 million. As per the deal, Superior Well shareholders would get $22.12 in cash for each share they hold,...
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Zacks Releases Four Powerful ''Buy'' Stocks: Lear Corp, Halliburton, Las Vegas Sands and The Andersons - Press Releases
Tuesday, August 10, 2010 - 11:03am | 1267For Immediate Release Chicago, IL – August 10, 2010 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...
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Jefferies Downgrades Superior Well Services to Hold After Merger Agreement (SWSI)
Tuesday, August 10, 2010 - 8:20am | 123Nabors (NYSE: NBR) agreed to acquire Superior Well Services (NYSE: SWSI) for $22.12 in cash. This represented a 21% premium to Friday's close. Jefferies raised its estimates for SWSI. The analysts raised 2010-11 EPS estimates to SWSI to $0.48 and $1.30 from ($0.28) and $0.70, respectively. The...
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Benzinga’s Top Downgrades (ADY, RBS, SWSI, ALV)
Tuesday, August 10, 2010 - 6:56am | 158American Dairy Inc (NYSE: ADY) was downgraded by Roth Capital from “buy” to “hold.” ADY’s shares closed at $9.95 yesterday. American Dairy’s quarterly earnings dipped 83.91% y/y. Credit Suisse downgraded Royal Bank of Scotland Group Plc (NYSE: RBS) from "outperform" to "neutral." RBS’ shares closed...
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Haliburton - Growth & Income
Tuesday, August 10, 2010 - 4:04am | 332Halliburton (HAL) continues to profit from increased activity in the unconventional natural gas and oil basins in the US as well as strong international growth in Russia, Asia Pacific, and Latin America. Growth and Income The company is expected to grow its earnings per share 36.2% in 2010, 30.3...
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Earnings Still Going Strong - Earnings Trends
Monday, August 9, 2010 - 5:53pm | 5022Key Points: Second quarter earnings season shaping up as a very strong one. So far 86.6% of firms have reported (433). Surprise ratio 4.45 with a 6.19% median surprise. 75.1% of all firms beat expectations. Total net income grows 42.3%. Sales Surprise ratio at 1.71, median surprise 1.07%; 59.4% of...
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CARBO Ceramics Enters Oversold Territory - Tale of the Tape
Monday, August 9, 2010 - 3:18pm | 108CARBO Ceramics Inc. ’s (CRR) share price has entered into oversold territory with a stochastic value of 17.30. The Zacks Consensus Estimate on the company’s earnings for 2010 increased 4 cents over the past week to $3.03 per share. CARBO Ceramics is a Zacks #1 Rank (“Strong Buy”) company. CARBO...
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Earnings Scorecard: National-Oilwell - Analyst Blog
Monday, August 9, 2010 - 2:42pm | 764Oilfield service company National-Oilwell Varco (NOV) reported its second quarter 2010 results on July 29. The reported quarter earnings results were 4 cents higher than the Zacks Consensus Estimate, attributable to proficient managerial skills and the company's diversified technology portfolio. ...