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Mid-Day Market Movers (RCMT, OMNI, PRPH, NAVR)
Friday, June 4, 2010 - 12:14pm | 181RCM Technologies Inc (NYSE: RCMT) climbed 37.14% to $4.80 by 11:20 am. The enterprise business solutions company has rejected CDI Corp’s (NYSE: CDI) offer to buy all outstanding shares of RCMT at $5.20 per share in cash. OMNI Energy Services Corp (NYSE: OMNI) soared 26.42% to $2.68 after it has...
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Don’t Write-Off Oil Stocks Yet; Barron’s (BP, RIG, HAL, RDC)
Friday, June 4, 2010 - 11:15am | 144The Gulf of Mexico oil spill has adversely affected stocks of oil companies. Though no one believes that underwater drilling can stop completely, stocks of oil companies have been affected by the event. According to Barron’s, the stocks directly related to the oil spill, i.e. BP (NYSE: BP),...
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Benzinga’s Top Downgrades (X, NLC, HOS, HWD, NE)
Friday, June 4, 2010 - 10:28am | 183US Steel (NYSE: X) was downgraded by Goldman from “conviction buy” to “buy.” Shares of X fell 1.22% to $45.28 by 9:02 am. X’s earnings are expected to fall by 158.02% this year. JP Morgan downgraded Nalco (NYSE: NLC) from “overweight” to “neutral.” NLC’s shares rose 0.64% to $22.15 by 9:02 am. NLC...
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Benzinga’s Top Pre-Market Gainers (OMNI, DYAX, CYCC, WPRT, FCEL)
Friday, June 4, 2010 - 8:54am | 226OMNI Energy Services Corp (NASDAQ: OMNI) soared 32.08% to $2.80 in the pre-market session. OMNI, which provides environmental services to the oil and gas industry, has given its consent to be bought by a Wellspring Capital Management affiliate for about $66.3 million. Dyax Corp (NASDAQ: DYAX) added...
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Market Update
Thursday, June 3, 2010 - 7:58pm | 398Today’s market produce no real follow through to the upside or downside, creating melted candles on the daily and most of the indexes. I suspect a lot of traders and money managers are seating on the sidelines waiting for tomorrows jobs report; which is expected to beat the estimate on the street....
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Joe Terranova Is A Buyer Of HAL, SLB, BHI
Thursday, June 3, 2010 - 6:03pm | 130On CNBC's Fast Money, traders talked about potential winners in the energy sector. Joe Terranova thinks that Halliburton Company (NYSE: HAL), Schlumberger Limited (NYSE: SLB) and Baker Hughes Incorporated (NYSE: BHI) should be considered for a buy. He explained that only 5% of their revenue is...
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Benzinga’s Top Upgrades (BCSI, ATHN, CKEC, KEY, ACGY)
Thursday, June 3, 2010 - 9:45am | 183Blue Coat Systems Inc (NASDAQ: BCSI) was upgraded by FBR Capital from “market perform” to “outperform.” BCSI’s shares closed at $22.38 yesterday. Blue Coat Systems’ quarterly earnings jumped 652.68%. Auriga upgraded Athenahealth Inc (NASDAQ: ATHN) from “hold” to “buy.” ATHN’s shares closed at $25....
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Stock Market News for June 3, 2010 - Market News
Thursday, June 3, 2010 - 9:33am | 372U.S. stocks erased Tuesday’s losses, helped by a rally in energy and financial shares, as a better-than-expected report on pending home sales and low valuations enticed investors. Government’s announcement of a civil and criminal investigation into the Gulf oil spill had sent major indexes sharply...
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Nomura Upgrades ACGY To Buy
Thursday, June 3, 2010 - 6:37am | 41Analysts at Nomura Securities upgrade Acergy SA (NASDAQ: ACGY) from "neutral" to "buy." ACGY’s shares soared 4.90% to close at $14.57 yesterday. More Analyst Ratings here
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US Stocks Rebounded Yesterday To Break The Last Two Days’ Losing Streak
Thursday, June 3, 2010 - 6:20am | 272US stocks rallied today to reclaim most of the losses suffered during a two-session retreat, as investors scooped up energy stocks and other battered shares. US stocks surged yesterday, erasing most of the losses incurred during the past two trading days. Energy stocks made a comeback after being...
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Go Long Oil Sands with Cenovus (CVE)
Thursday, June 3, 2010 - 5:15am | 671The offshore drilling business has been in the headlines since the April 20th Deepwater Horizon explosion and subsequent oil spill. However, the spill is affecting more than cable news and Gulf of Mexico seafood. With environmental costs and legal risks rising, share prices for some oil companies...
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Commodities: Time To Go Long and Physical
Wednesday, June 2, 2010 - 11:39pm | 1534By Dian L. Chu, Economic Forecasts and Opinions Deutsche Bank AG recently noted that commodities will continue to “struggle” as the dollar strengthens and China seeks to restrain growth. Looking at the recent performance between the CRB index, S&P 500 and Legg Mason Emerging Market (LGEMX) ...
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Confirmation
Wednesday, June 2, 2010 - 7:50pm | 446Coming into the day my trading plan was short bias for the markets due to the sell off during the last hour of trading and to sell weak stocks such as Halliburton (HAL),AK Steel (AKS), Dow Chemical (DOW) and Macy’s (M); as you can see HAL and AKS open higher than yesterdays low and continued with...
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Dollar Firms Up 06-01-2010
Wednesday, June 2, 2010 - 3:32pm | 729Cusick's Corner The Dollar firmed up and bounced late in the day and the remaining currencies began a late day slide. This looked to have influenced a pull back in stocks and energies. Additionally, this debunked the potential bounce theory of the midday, and put the strength back into the hands of...
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Market Holds Gains 06-01-2010
Wednesday, June 2, 2010 - 3:30pm | 730Cusick's Corner The market has held its gains into the Midday in spite of a pounding early after the open. The short term market has been holding key support, SPY 108.50, at this stage supporting an argument for a potential run to the upside. As I stated last week, we continue to see a strong...