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Benzinga's Top ETF Gainers (ERX, DRN, EDC, DIG)
Monday, August 2, 2010 - 4:19pm | 242Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX) led the gainers among the ETFs on Monday. ERX gained 10.35%, and closed at $32.67.In the space, Anadarko Petroleum Corporation (NYSE: APC) spiked 8.30%, and Schlumberger Limited (NYSE: SLB) added 5.25%. Direxion Daily Real Estate Bull 3X (ETF) (...
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Insider Weekends - July 30, 2010
Monday, August 2, 2010 - 2:49pm | 1152Welcome to the eighth edition of Insider Weekends. Insider buying rebounded last week with insiders purchasing $13.42 million of their stock last week when compared to just $3.4 million in the week prior. Selling picked up pace with insiders selling $498.22 million worth of stock. Sell/Buy Ratio:...
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Market Master Report - Major Levels Alert!
Sunday, August 1, 2010 - 1:14pm | 662The PowerShares QQQ Trust, (ETF) (NASDAQ: QQQQ) lost just 0.25 cents for the week ending July 30th, 2010. Last week started higher and then faded throughout the week. On July 30th the technology heavy ETF opened sharply lower only to reverse all of the early loses and close positive on the session...
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Pritchard Capital Partners Upgrades Gulf Island to Buy (GIFI)
Friday, July 30, 2010 - 4:05pm | 145Pritchard Capital Partners is out with a research report this afternoon, where it upgraded Gulf Island Fabrication Inc. (NASDAQ: GIFI) to Buy, from Hold. The PCP analysts cited the company’s recent earnings report, which matched the Street’s estimates. GIFI also indicated that customers are...
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OII’s Subsea Products To Drive Record EPS This Year
Friday, July 30, 2010 - 11:09am | 200Analysts at Pritchard Capital Partners reiterate their "buy" rating on Oceaneering International (NYSE: OII), while raising their estimates for the company. The target price for OII has been raised from $52 to $58. Pritchard Capital Partners mentions, “At the end of March, OII had ROVs working on...
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KEG Price Target Lowered
Friday, July 30, 2010 - 9:43am | 85Key Energy Services, Inc. (NYSE: KEG) has had its price target by Pritchard lowered from $13 to $12, but has raised EPS estimates to $0.10 from $0.02, due to its acquisition of five CT rigs from Express Energy and the assets of OFS, AND the sale of its pressure pumping business. Based on the...
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Dahlman Rose Reiterates Buy Rating on National Oilwell Varco (NOV)
Friday, July 30, 2010 - 9:33am | 118Dahlman Rose & Co. is out with a research report this morning, where it reiterates its Buy rating on National Oilwell Varco (NYSE: NOV); it has a $75.00 price target on the stock. The Dahlman analysts cited the company’s most recent earnings report, which beat estimates. They noted NOV’s...
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CARBO Posts Another Strong Quarter, BMO Raises Price Target (CRR)
Friday, July 30, 2010 - 9:18am | 124BMO Capital Markets analyst Michael Mazar raised his price target for CARBO Ceramics (NYSE: CRR) from $77 to $85 after the company beat Street estimates. CARBO posted Q210 EPS of $0.81, higher than consensus of $0.64. BMO raised its 2010 and 2011 EPS estimates to $3.25 and Q$4.33, up from $2.72 and...
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UK Order Nix Drags Raytheon - Analyst Blog
Thursday, July 29, 2010 - 4:55pm | 795Before markets opened today, Raytheon Company (RTN), digesting the aftershocks of the recent cancellation of its U.K. e-Borders contract, reported earnings per share from continuing operations of 56 cents, less than half the year-ago quarterly earnings of $1.24. The Zacks Consensus estimate was $1....
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Puts Purchased on Cameron International (CAM)
Thursday, July 29, 2010 - 11:52am | 123Shares of Cameron International Corp. (NYSE: CAM) are higher on the session by 0.26%, currently trading at $39.00. The stock has been moving largely lower over the past three months, though has regained the 50-day and 20-moving averages as of late. Options traders are buying puts on the name today...
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Put Spread Sold on Oceaneering International (OII)
Tuesday, July 27, 2010 - 12:58pm | 136Shares of Oceaneering International Inc. (NYSE: OII) are lower on the session by 1.71%, currently trading at $48.31. The stock has been moving largely lower over the past few months, off from recent highs near $69.00. Options traders are selling downside on the name today, betting that the stock...
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Morning Oil Industry Update (FLR, APC, RRC, ENOC, FTI)
Tuesday, July 27, 2010 - 10:50am | 136Analysts at Pritchard Capital released a morning update on the oil industry this morning. Highlights can be found below. Fluor (NYSE: FLR) - Reiterate BUY rating and top pick status following strong quarter. EPS of $0.87 vs. Street estimates of $0.71. Range Resources (NYSE: RRC) - Missed earnings...
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Summertime Markets 07-26-2010
Monday, July 26, 2010 - 7:06pm | 787Cusick’s Corner The market is holding key levels of 111 in the SPY. However, we cannot forget that this current trend is happening in July & August, months that have been notoriously slow and have never really been months that signaled a major trend change. At this stage these are trading...
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Dahlman Rose Bullish on FMC Technologies (FTI)
Monday, July 26, 2010 - 5:10pm | 261Dahlamn Rose & Co. is out with a research report this afternoon, where it reiterates its Buy rating on FMC Technologies (NYSE: FTI); it has an $80.00 price target on the stock. The DR analysts said, “(The) higher mix of lower margin backlog in the quarter drove Energy Production Systems EBIT...
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Small Caps Adding Support 07-26-2010
Monday, July 26, 2010 - 3:11pm | 742Cusick’s Corner The market is stuck in a grind that’s in the green. There’s no definitive push either way going into the After Hours. The strength of this market is still in the small caps, IWM, which is always encouraging and is adding to support, 1100 on the S&P, to the current uptrend....