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Stock Market News for April 23, 2010 - Market News
Friday, April 23, 2010 - 10:00am | 342President Obama’s conciliatory tone on financial reform sent traders back on the buying table around midday after Moody’s downgrade of Greece’s credit rating and uncertainty about the country’s financial system resulted in a sharp sell off in the morning session. The Dow Jones industrial average,...
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Schlumberger (SLB) $672 Million Profit Beats Estimates
Friday, April 23, 2010 - 7:47am | 102Schlumberger (NYSE: SLB) announced on Friday morning that it barely beat consensus Wall Street earnings estimates and failed to beat revenue estimates. The world's largest oilfield services company reported that its 1st quarter earnings fell 28% to $672 million, or 56 cents per share, down from $...
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Stocks To Watch On April 23 (COL, HON, XRX, EXC, SLB)
Friday, April 23, 2010 - 7:18am | 172Rockwell Collins Inc (NYSE: COL) is expected to report its EPS for the second quarter at $0.88. Shares of COL moved up 0.14% to $67.94 in the after-hour session. Financial analysts expect Honeywell (NYSE: HON) to have earned $0.47 per share for the first quarter. HON’s shares gained 0.02% to $47....
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Schlumberger Limited (SLB) Reports 28% Drop In First-Quarter Profit
Friday, April 23, 2010 - 7:11am | 80Schlumberger Limited (NYSE: SLB) today reported that its first-quarter profit declined by 28%. The company reported a profit of $672 million, or $0.56 per share in its first-quarter, compared with a profit of $938 million, or $0.78 per share reported for the same period last year. First-quarter...
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EMC Beats, Guides Revised - Analyst Blog
Thursday, April 22, 2010 - 11:45am | 680EMC Corporation’s (EMC) first-quarter 2010 earnings of 26 cents exceeded the Zacks Consensus Estimates of 24 cents. Revenues for the first quarter of 2010 were $3.9 billion, up 23.0% from $3.2 billion reported in the year-ago quarter. This revenue increase may be attributed to increase in...
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Cramer Likes Oil
Wednesday, April 21, 2010 - 6:13pm | 166On CNBC's Mad Money Stop Trading segment, Jim Cramer let investors know that he is a fan of the oil sector right now. Cramer is really bullish on cyclical plays like the oil drilling sector. “It is amazing to see this group, really breaking out.” Cramer likes Schlumberger (SLB) based on the...
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Oil Services Sector Consolidates (BHI, SLB)
Wednesday, April 21, 2010 - 1:18pm | 145Major oil services firms are increasingly looking towards new mergers and acquisitions. According to Reuters, the companies are doing so in order to diversify their product line up and also to gain a foothold in newer markets. Michael Marino, an analyst with Stephens Inc., told Reuters, “We think...
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Benzinga’s Top Upgrades (CRS, CAS, ATI, MANH, CGV)
Wednesday, April 21, 2010 - 10:09am | 202Carpenter Technology Corp (NYSE: CRS) was upgraded by KeyBanc Capital Markets from “hold” to buy.” CRS’ shares gained 2.71% to $37.94 at 9:27 am EST. CRS’ 52-week trading range is $15.92-$40.75. AM Castle & Co (NYSE: CAS) was upgraded by KeyBanc Capital Markets to “buy” from “hold.” CAS’ shares...
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Benzinga’s Top Upgrades (CRS, CAS, ATI, MANH, CGV)
Wednesday, April 21, 2010 - 10:08am | 202Carpenter Technology Corp (NYSE: CRS) was upgraded by KeyBanc Capital Markets from “hold” to buy.” CRS’ shares gained 2.71% to $37.94 at 9:27 am EST. CRS’ 52-week trading range is $15.92-$40.75. AM Castle & Co (NYSE: CAS) was upgraded by KeyBanc Capital Markets to “buy” from “hold.” CAS’ shares...
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Plenty Of Earnings Reports Left To Jolt OIH
Wednesday, April 21, 2010 - 7:10am | 226Earnings from the oil services group started to trickle in earlier this week when Halliburton (NYSE: HAL), the world's second-largest oilfield services provider, delivered a so-so quarter. There are more reports to come over the next few days, starting Wednesday with Noble Energy (NYSE: NE) and...
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Top Performing Industries For April 20 (IPG, HOG, MGM, HMA, BHI)
Tuesday, April 20, 2010 - 3:57pm | 266At 12:50 p.m., Dow gained 28.64, or 0.26%, to 11,120.69, while the broader Standard & Poor's 500 index rose 8.51, or 0.71%. The Nasdaq composite index added 17.21, or 0.69%. The industries that are driving the market today are: Advertising Agencies: The top gainer of the day, this industry...
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Stock Market News for April 19, 2010 - Market News
Monday, April 19, 2010 - 5:47pm | 567Just when Wall Street was preparing for another strong weekly finish, civil fraud charges against one of the most powerful firms on Wall Street surfaced, rattling financial markets and sending stocks tumbling the most in two months. Goldman Sachs, the firm in question, was accused by the U.S....
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Company News for April 19, 2010 - Corporate Summary
Monday, April 19, 2010 - 5:47pm | 166• Citigroup (NYSE:C) posted better-than-expected first quarter profits of 14 cents ex-items, up from Zacks expectations of breakeven on revenues of $25.4 billion • Eli Lilly (NYSE:LLY) reported first quarter better-than-expected earnings of $1.13, beating Zacks projections of $1.11, on revenues of...
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Halliburton Reports Strong Earnings (HAL)
Monday, April 19, 2010 - 10:44am | 128Oil services provider Halliburton (NYSE: HAL) reported first quarter net income attributable to the company was $206 million or $0.23 per share, from $378 million or $0.42 per share, in the year ago period. Halliburton (HAL) said that a devaluation of the Venezuelan currency resulted in a $31...
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US Stock Futures Point To A Weak Opening; Investors Eyeing Citigroup Results
Monday, April 19, 2010 - 8:55am | 244US stock futures are quite weak today as markets continue to reverberate from the shockwaves of Goldman Sachs (NYSE: GS) having been charged by the Securities and Exchange Commission (SEC). Meanwhile, Europe continues to be enmeshed in an aviation crisis resulting from the volcanic eruption in...