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Expectations On Q2 Earnings Relatively Low, Despite Strong Field Fundamentals: Deutsche Bank
Thursday, July 15, 2010 - 10:27am | 290Deutsche Bank says, “Despite myriad macro concerns (potential for slowing growth in China, European sovereign debt issues et al), the most important indicator for upstream companies - the price of oil - has remained remarkably firm. Meanwhile, as the focus has remained on the Gulf of Mexico (GoM)...
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The Daily Long & Short Setup
Thursday, July 15, 2010 - 8:52am | 88The not-so-good PPI report has put a bearish stamp on this market heading to the open. Though we are up still at this point, much of the gains from the pre-market has been wiped out. LONG: Exterran Holding (EXH) Read more...
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Dril-Quip, Inc. Awarded $100 Million Contract
Thursday, July 15, 2010 - 7:50am | 109Dril-Quip, Inc. (NYSE: DRQ) today announced that it has been awarded a contract valued at approximately US $100 million by FloaTEC de Mexico S.A. de C.V. to supply drilling and production equipment for the P-61 Tension Leg Wellhead Platform (TLWP) to be installed in the Papa Terra field located in...
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Societe Generale Downgrades ACGY To Hold
Thursday, July 15, 2010 - 6:27am | 41Analysts at Societe Generale downgrade Acergy SA (NASDAQ: ACGY) from "buy" to "hold." ACGY’s shares dipped 4.24% to close at $15.80 yesterday. More Analyst Ratings here
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Benzinga’s Top Pre-Market Losers (LHCG, GTIV, ACGY, ODSY)
Wednesday, July 14, 2010 - 9:13am | 148LHC Group (NASDAQ: LHCG) dipped12.47% to $20.15 in the pre-market session. The Securities and Exchange Commission (SEC) has requested LHCG to preserve all documents associated with its Medicare reimbursement practices. Gentiva Health Services Inc (NASDAQ: GTIV) lost 11.52% to $19.73 in the pre-...
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Take A Look At These Oil Names
Monday, July 12, 2010 - 4:02pm | 208Investors should consider adding oil to their portfolios. To build a position in the oil sector, investors should divide capital between a number of companies in order to reduce company specific risk. This is similar to buying an ETF such as the Oil Service HOLDRs ETF (NYSE: OIH), but allows you to...
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Benzinga’s Top Pre-Market Losers (ASML, VOD, CRUS, ACGY)
Monday, July 12, 2010 - 8:50am | 143ASML Holding N.V (NASDAQ: ASML) tumbled 2.41% to $29.58 in the pre-market session. ASML is among the top five companies in the Semiconductor Equipment industry in terms of relative performance. Vodafone Group Plc (NASDAQ: VOD) fell 1.65% to $21.49 in the pre-market session. SWIR Q1 loss narrows....
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Heads up! -- 4 Reasonable Value stocks starting to break out
Sunday, July 11, 2010 - 9:38pm | 1226Here's another "Reasonable Value" screen run against Saturday morning's Trend Busters and Trend Leaders lists. For those of you who have not see one of my previous "Reasonable Value" posts, here are the criteria for the screen (slightly tightened compared to previous posts): PE between 0...
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Abercrombie & Fitch (ANF) surges on same-store sales news
Friday, July 9, 2010 - 8:14am | 1770Abercrombie & Fitch (NYSE:ANF) surprised the Street by a hefty margin when it reported same-store sales Thursday morning. The trendy apparel retailer said sales at stores open one year or longer grew by 9% in June. Analysts were expecting an increase of 2.8%. This was the retailer’s best same...
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Hornbeck Offshore At New Intra-Day Highs (HOS)
Thursday, July 8, 2010 - 1:17pm | 114Shares of Hornbeck Offshore Services (NYSE: HOS) are breaching new intra-day highs, surging 3.93% to $16.41. Year-to-date, the stock has fallen nearly 30%, but has gained 26.52% in just the last month. Hornbeck (HOS) trades at trailing P/E of 17.17 and a forward P/E of 10.00. The company has a...
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Oversold Bounce in Bearish Market 07-06-2010
Tuesday, July 6, 2010 - 2:55pm | 737Cusick’s Corner This is a nice bounce into the Midday after a great long weekend but it seems to be more of an oversold bounce in a bearish tending market. There is a lack of volume in key sectors -- Consumer Discretionary (XLI), Finance (XLF), Tech (XLK), and Industrials (XLI), plus there needs...
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Benzinga’s Top Upgrades (HAL, PDE, BP, PGR)
Tuesday, July 6, 2010 - 10:21am | 158Halliburton Company (NYSE: HAL) was upgraded by Barclays Capital from “equal weight” to “overweight.” HAL’s shares closed at $25.74 on Friday. Halliburton’s earnings may grow by 45.07% in the next year. Barclays Capital upgraded Pride International Inc (NYSE: PDE) from “equal weight” to “overweight...
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Benzinga’s Top Downgrades (DB, AATI, EXH, RFMD)
Tuesday, July 6, 2010 - 10:20am | 157Deutsche Bank AG (NYSE: DB) was downgraded by JP Morgan from “neutral” to “underweight.” DB’s shares closed at $56.50 on Friday. Deutsche Bank’s shares have dropped 28.72% over the past quarter. Piper Jaffray downgraded Advanced Analogic Technologies Incorp (NASDAQ: AATI) from “overweight” to “...
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$100 Oil: Sooner Than You Think
Sunday, July 4, 2010 - 10:31pm | 2349By Dian L. Chu, Economic Forecasts & Opinions Sentiment in the crude oil market has been quite pessimistic lately after some disappointing economic data fueling fear over the strength of the U.S. recovery, and signs of a possible China slowdown. This is on top of the market distress already...
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TiVo in Partnership with ONO - Analyst Blog
Friday, July 2, 2010 - 11:57am | 1071A leading provider of television services for personal video recorders, TiVo Inc. (TIVO) announced a partnership with ONO, the largest cable operator and a premier provider of broadband communication and entertainment services in Spain. This strategic agreement will enable ONO to use TiVo’s next...