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Protection Purchased in NOV
Tuesday, May 18, 2010 - 12:59pm | 114Shares of National Oilwell Varco Inc. (NYSE: NOV) are on the rise today by 1.30%, currently at $39.67. The stock has been drifting lower over the past six months and is now trading below the 50-day and 200-day moving averages, which is a bearish sign. It also looks like someone came in to purchase...
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Jefferies Drops Trico Marine (TRMA) Coverage
Monday, May 17, 2010 - 2:21pm | 118Jefferies & Co. has dropped coverage of Trico Marine Services (NASDAQ: TRMA) as the company has now completed the transition to a subsea services provider. Jefferies wishes to retain its primary focus on OSV, and the offshore and onshore drilling segments. The most recent rating awarded to...
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Margin Increase Likely For Superior Well Services (SWSI)
Monday, May 17, 2010 - 12:54pm | 97Jefferies & Co. has upgraded the rating for Superior Well Services (NASDAQ: SWSI) from Hold to Buy. The price target has also been revised significantly from $14 to $20. This upward revision has been made in the expectation that Superior Well’s margins will see a sharp increase in the next two...
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Goldman Sachs Reiterates “Buy” on Halliburton
Friday, May 14, 2010 - 10:26am | 101Goldman Sachs (NYSE: GS) is reiterating their “Buy” rating on Halliburton (NYSE: HAL) today following its investor meeting. They said, “It is clear to us that HAL is stronger than ever—both on a relative and absolute basis.” Goldman analysts said that they expect shares to couple with the bullish...
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Halliburton (HAL) Draws an Upgrade – What Can This Mean For Investors?
Friday, May 14, 2010 - 9:19am | 1645FBR Research upgraded Halliburton (NYSE: HAL) Thursday morning, lifting its rating to “outperform” from “market perform”. With regard to the Deepwater Horizon rig explosion and subsequent oil spill in the Gulf of Mexico, the covering analysts said BP is likely to foot the bill and that overall, it...
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Benzinga’s Top Upgrades (MS, TDC, HAL, DVAX, SUPX)
Thursday, May 13, 2010 - 10:31am | 187Morgan Stanley (NYSE: MS) was upgraded by FBR Capital Markets from “market perform” to “outperform.” MS’ shares closed at $27.80 yesterday. The company’s quarterly earnings growth stands at 346.51% y/y. Oppenheimer upgraded Teradata Corporation (NYSE: TDC) from “perform” to “outperform.” TDC’s...
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FBR Capital Upgrades HAL To Outperform
Thursday, May 13, 2010 - 6:57am | 52Analysts at FBR Capital upgrade Halliburton (NYSE: HAL) from "market perform" to "outperform." The target price for HAL has been raised from $35 to $44. HAL’s shares moved up 2.65% to close at $29.09 yesterday. More Analyst Ratings here
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Oil Spill Play with Newpark Resources (NR)
Thursday, May 13, 2010 - 4:30am | 536The energy sector is facing some challenges. The British Petroleum (BP) oil spill in the Gulf of Mexico has blackened a few eyes on both sides of the Atlantic, but the energy sector is still loaded with profit potential for the astute investor. We recently highlighted one name that can deliver...
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Complacency is the Enemy 05-12-2010
Wednesday, May 12, 2010 - 6:46pm | 699Cusick’s Corner The market performed well into the afternoon with the Financials, XLF +.15, leading the move to the upside. With the overall market volatility pulling off, one may start to become a little too complacent -- try not to fall into that trap. Keep your risk and capital management close...
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Safety Trade Gold All-Time High 05-11-2010
Tuesday, May 11, 2010 - 6:20pm | 717Cusick’s Corner The market made a valiant attempt to break to the upside, but upside resistance of 1177 on the SPX (the level of that big drop which started last week) was not broken and the safety trade, Gold QOM10 $1233.50 +32.75, is at all-time highs. From a technical perspective, this short-...
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Learning From Your Mistakes
Tuesday, May 11, 2010 - 5:17pm | 860Every trader makes mistakes. What separates the traders who make it in this business and the traders who are a statistic is, do you learn from your mistakes? The first step is identifying the mistake. The next step is during your review of the day figuring out what you should have done different...
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Afternoon Market Update (BP, RIG, HAL, PCLN, HNT)
Tuesday, May 11, 2010 - 2:17pm | 175The energy giants’ executives are scheduled to testify today in Congress about the uncontained oil spill in the US Gulf of Mexico. Ahead of the hearings in the US senate, shares of BP (NYSE: BP) fell 0.5% and those of Halliburton (NYSE: HAL) dropped 0.8%. Transocean (NYSE: RIG) stock added 0.4%....
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SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Ryanair Holdings (RYAAY)
Tuesday, May 11, 2010 - 10:24am | 17SmarTrend research report available on Cameron International (NYSE: CAM)
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Westpac Banking (WBK) Reaches Initial Support Level, Watch for 0.45% Additional Downside
Tuesday, May 11, 2010 - 10:24am | 17SmarTrend research report available on Cameron International (NYSE: CAM)
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Watch for Shares of International Flavors & Fragrances (IFF) to Approach Support at $45.99
Tuesday, May 11, 2010 - 10:23am | 17SmarTrend research report available on Cameron International (NYSE: CAM)