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Energy Stocks Moving Higher (BHI, BP, APC, APA, HAL, NE, OIH)
Thursday, June 10, 2010 - 11:01am | 195Energy stocks are leading the markets higher today, after dragging on the indices yesterday. Leading the way on the session is Anadarko Petroleum (NYSE: APC), which is up 11.20% after falling more than 18% on Wednesday. APC shares are now trading at $38.75. BP (NYSE: BP) has jumped 12% after losing...
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Whitney Tilson Says Get Long BP (BP)
Wednesday, June 9, 2010 - 5:19pm | 174On CNBC's Fast Money, the traders discussed how the negative price action in BP dragged down the entire stock market. BP (BP) dropped below $30 for the first time in over a decade. BP's problems spread to other oil stocks. Andarko Petroleum (APC) fell over $7 a share to $34.83. That is an 18%...
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Bullish Put Sale Occurs on FMC Tech (FTI)
Wednesday, June 9, 2010 - 10:47am | 175Shares of FMC Technologies Inc. (NYSE: FTI) are higher on the session by 1.83%, currently trading $49.41. The stock has simply fallen off a cliff as of late, off from a recent high of nearly $77.00. There was a bullish put sale in the name today; the October $40 strike was sold on the bid 1,000...
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Early Volume Plays Among Those Valued Below $10 (MIND, ALOY, TTIL, DSCO)
Wednesday, June 9, 2010 - 10:23am | 297Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: The seismic equipment leasing company Mitcham Industries (NASDAQ: MIND) announced today that its Q1 adjusted earnings of $0.11 a share on revenue of $16.5...
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Mitcham Industries (MIND) Swings To Profit
Tuesday, June 8, 2010 - 5:01pm | 99Mitcham Industries Inc (Nasdaq: MIND) on Tuesday after the market closed released financial results that beat Wall Street expectations. Mitcham Industries Inc reported that it swung to a fiscal 1st quarter net income of $2.4 million, or 24 cents per share, from a net loss of $80,000, or 1 cent per...
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Call Volume Grows on Tidewater (TDW)
Tuesday, June 8, 2010 - 3:31pm | 201Shares of Tidewater Inc. (NYSE: TDW) are flat on the session, currently trading $40.00. The stock is in a bit of trouble as far as technicals are concerned as it has broken through the 50-day and 200-day moving averages, as well as the strong, historical support level around $41.00. Call option...
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Downside Purchased on Ion Geophysical (IO)
Tuesday, June 8, 2010 - 2:10pm | 125Shares of Ion Geophysical Corp. (NYSE: IO) are lower on the session by 0.70%, currently trading $4.23. The stock has been moving sideways for the past five months, but has fallen sharply as of late. The stock is now trading below both the 50-day and 200-day moving averages. Options traders are...
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OII’s Utilization To Trend Lower
Tuesday, June 8, 2010 - 12:45pm | 204Analysts at Pritchard Capital Partners upgrade Oceaneering International (NYSE: OII) from "neutral" to "buy," while reducing their estimates for the company. The target price for OII is set to $52. Shares of OII underperformed yesterday. According to Pritchard Capital Partners, “Of OII's 32 ROVs on...
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Novartis Announces Positive Data - Analyst Blog
Tuesday, June 8, 2010 - 10:30am | 335Novartis (NVS) recently presented positive data on some of its drugs at the annual meeting of American Society of Clinical Oncology (ASCO) in Chicago. Results from a phase II study of Afinitor (everolimus) demonstrate that the drug was able to reduce the size of subependymal giant cell...
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Goldman Downgrades Deep Water Drillers (HAL, ESV, NBR, DO, ATW)
Tuesday, June 8, 2010 - 9:22am | 198Goldman Sachs is out with an analyst note this morning where they lower their coverage view on the Deep Water Drilling Sector to Neutral from Attractive. They cited three factors: (1) We think that the current six-month moratorium on DW drilling in the US could be extended and now assume that it...
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Company News for June 7, 2010 - Corporate Summary
Monday, June 7, 2010 - 9:36am | 181• Apple's (NASDAQ:AAPL) worldwide developers' conference starts today with CEO Steve Jobs making the keynote address. Expectations are the latest iPhone version would be unveiled • BP (NYSE:BP) reported its first evidence of progress in the seven-week Gulf oil spill, with about half of the...
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Merger Arbitrage Mondays – June 07, 2010
Monday, June 7, 2010 - 5:32am | 4760The activity on the Merger and Acquisition front increased once again last week with seven new deals announced and four deals closing. We are also happy to report the beta launch of a new tool that will let you see the spreads on deals in almost real time. This tool automatically calculates the...
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TiVo to Present at UBS Global Technology and Services Conference (TIVO)
Friday, June 4, 2010 - 4:06pm | 290TiVo Inc. (NASDAQ: TIVO), a creator and leader in advanced television services and digital video recorders (DVRs), today announced that President and CEO Tom Rogers will present at the UBS Global Technology and Services Conference on June 10th. A webcast of the presentation will be available on the...
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Oil Roundup (RIG, SLB, APC, APA, NE)
Friday, June 4, 2010 - 1:37pm | 165Some oil related stocks have been among the better performers today, compared to the broader market, after getting crushed over the last month. Shares of Transocean (NYSE: RIG) are down 0.72% to $50.71. The stock has lost 30% of its market cap in the last four weeks. Oil services name Schlumberger...
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News Summary (MON, DOW, DD, BAYRY, BASFY, SYT, BP, OMNI)
Friday, June 4, 2010 - 12:40pm | 283Monsanto's (NYSE: MON) Roundup, the Farm Belt's most effective weedkiller, has grown ineffective in killing farm weeds as Hardy superweeds have become resistant to it and are invading fields. This has prompted chemical companies to use greater amounts of harsh old herbicides. These companies are...