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Basic Energy Services Trading Up 28.67% Following Operating Data Report
Monday, May 10, 2010 - 9:58am | 170Basic Energy Services (NYSE: BAS) is trading up 10% following a positive operating data report. Basic Energy Services, Inc. reported selected operating data for the month of April 2010. During the month, Basic's well servicing rig count remained unchanged at 404 as of April 30, 2010. Well...
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Top 5 Small-Cap NASDAQ Stocks In The Basic Materials Sector With The Highest Cash (GLBL, GSM, CENX, JRCC, KALU)
Monday, May 10, 2010 - 6:46am | 168Below are the top 5 small-cap basic materials stocks on the NASDAQ in terms of cash. Global Industries, Ltd (NASDAQ: GLBL) had $375.6 million of cash in the latest quarter, while its debt liabilities stood at $298.93 million. Globe Specialty Metals Inc (NASDAQ: GSM) had $252.23 million of cash and...
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Top 5 Small-Cap NASDAQ Stocks In The Industrial Goods Sector With The Highest Return On Equity (RINO, SWHC, AAON, MIDD, MTRX)
Monday, May 10, 2010 - 6:44am | 168Below are the top 5 small-cap industrial goods stocks on the NASDAQ in terms of ROE. RINO International Corp (NASDAQ: RINO) has a trailing-twelve-month ROE of 41.60%. RINO’s quarterly earnings grew by 1,569.40% y/y. Smith & Wesson Holding Corp (NASDAQ: SWHC) has a trailing-twelve-month ROE of...
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Now Oil Spill Companies Start The Blame Game (BP, RIG, HAL, CAM)
Saturday, May 8, 2010 - 6:26am | 294After the disaster comes the blame game. As the oil well disaster in the Gulf Coast continues to threaten the fragile ecosystem of that area, the companies behind the disaster have turned on each other. Till date, BP (ADR) (NYSE: BP) has been very careful with its public posturing and has continued...
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Benzinga’s Volume Movers (VTIV, TESO, NILE, TTMI, PODD)
Friday, May 7, 2010 - 3:59pm | 192inVentiv Health Inc (NASDAQ: VTIV) shares gained 4.77% to $25.06 by 1:06 pm. The volume of VTIV shares traded was 3493% higher than normal. VTIV is being acquired by Thomas H. Lee Partners, a private equity firm, for $1.1 billion. Tesco Corp (NASDAQ: TESO) shares climbed 6.79% to $11.48 by 1:06 pm...
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Trico’s (TRMA) First-Quarter Loss Narrows; Shares Drop
Friday, May 7, 2010 - 3:27pm | 89Trico Marine Services Inc. (NASDAQ: TRMA), today, reported narrower first-quarter losses. The company reported first-quarter loss of $78.5 million, or $3.80 per share, compared with a loss of $160.1 million, or $7.77 per share it reported for the same period last year. Revenue declined 37% to $95....
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U.S. Rig Count Rises In April
Friday, May 7, 2010 - 8:29am | 85Oil services firm Baker Hughes (NYSE: BHI) said the number of rigs exploring for oil and natural gas in the U.S. rose by 60 in April 1,479, a 28% jump from April 2009, as oil prices surged and energy producers drilled for more natural gas at shale formations. Baker Hughes said rig counts were flat...
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Helix Energy (HLX) CEO Ups Personal Stake; Barron’s
Thursday, May 6, 2010 - 12:44pm | 105Owen Kratz, president and chief executive of Helix Energy (NYSE: HLX), has upped his stake in the company by 100,000 shares at a price of about $1.5 million. According to Barron’s, he has also exercised 13,400 options and many view this as a reflection of analysts’ confidence that the stock is...
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WEL Posts Q1 Results, Seeing Increased Utilization In Domestic Market
Thursday, May 6, 2010 - 8:47am | 219Boots & Coots Inc (AMEX: WEL) reported its Q1 revenues at $53.3 million, down from $54.7 million in the year ago quarter. WEL’s net income came in at $0.7 million, or $0.01 per diluted share, slipping from $1.9 million, or $0.03 per diluted share, in the same quarter a year ago. WEL’s EBITDA,...
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Mad Money Lightning Round: The Apple Story Remains Best In Show, Says Jim (RTN, WFT, INTC, KMP, TEF, T, MOT, NOK, APPL, V)
Thursday, May 6, 2010 - 7:26am | 387In his "Mad Money Lightning Round," Jim Cramer said that Raytheon (NYSE: RTN) is a “monster stock.” Jim added that he would “pull the trigger” if there was a downward movement in the share price. RTN closed at $58.22 yesterday, down 0.68%. Although Weatherford International (NYSE: WFT) is suffering...
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Protection Purchased on Oil Equipment Names
Wednesday, May 5, 2010 - 3:44pm | 135Shares of the IShares DJ Oil Equipment ETF (NYSE: IEZ) are falling today by 2.11% to $44.96 and one trader is coming in to purchase protection on the index for fear of a fall further. The May $44 put was purchased on the offer 3,725 times; open interest on the line is only 156 contracts, signaling...
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What Does Recent Price Action Tell Us??
Tuesday, May 4, 2010 - 4:31pm | 636As Eric wrote about in the blog yesterday some recent action in the market has made us start to pay some more attention to the short side of the market. Eric identified 118 as the area in the S&P 500 as support and that was the level that was holding in the first hour of trading this morning...
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Avnet Tops Zacks Consensus - Analyst Blog
Tuesday, May 4, 2010 - 12:03pm | 572Avnet, Inc. (AVT) reported sales of $4.76 billion in the third quarter of fiscal 2010, up 25% year over year. Based in Phoenix, AZ, Avnet is one of the world’s largest distributors of electronic components and computer products. On a segment basis, Electronics Marketing (EM) reported sales of $2....
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Seacor Holdings Puts Active
Tuesday, May 4, 2010 - 10:24am | 90Shares of Seacor Holdings (NYSE: CKH) are trading off by 2.50% this morning in the overall wane of the market. Put volume is running at 22x normal volume with the June $80 puts purchased on the offer 1,697 times. Seacor Holdings was nearing resistance around the $85 level, but began to sell off...
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Company News for May 4, 2010 - Corporate Summary
Tuesday, May 4, 2010 - 9:30am | 210• Baker Hughes (NYSE:BHI) reported first quarter results which beat Zacks estimates by 3 cents, at 41 cents per share as revenues fell 4.8% to $2.54 billion, beating Zacks estimates of $2.45 billion • Merck (NYSE:MRK) posted earnings of 83 cents per share, eight cent better than Zacks expectations...