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Halliburton (HAL) Profits Fall 46%
Monday, April 19, 2010 - 7:58am | 120Halliburton Company (NYSE: HAL) announced early Monday morning a 46% drop in its 1st quarter profit. Halliburton Company reported that it had earned $206 million, or 23 cents per share, during the 1st quarter, down from $378 million, or 42 cents per share, a year earlier. Halliburton Company said...
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Stocks To Watch On April 19 (C, HAL, LLY, IBM, ZION)
Monday, April 19, 2010 - 7:49am | 233Citigroup (NYSE: C) expects to break even in the latest quarter. C is set to announce its results before the market opens for trading. C’s shares are down 0.66% in pre-market trading. Wall Street expects controversial defense contractor, Halliburton Company (NYSE: HAL), to have earned $0.25 per...
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Trade Setups for April 19, 2010
Monday, April 19, 2010 - 7:26am | 133Looking for a continuation from the Goldman Sachs fallout on Friday, we have futures looking solidly down heading into the open, with the S&P futures down almost 7 points. Not much on the economic front as the only report coming out is the Leading Indicators, scheduled at 10am ET. Two setups...
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WHAT’S ON TAP?
Sunday, April 18, 2010 - 12:05am | 974The economic calendar is relatively light this week so earnings will be the primary focus. With the market’s big run into earnings it’s now well known that earnings are going to be very good yet again so the onus might be on outside catalysts to continue the bull market. It will be interesting to...
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Benzinga’s Top Downgrades (BPHX, CPHD, ACIW, MPEL, WEL)
Thursday, April 15, 2010 - 10:08am | 162BluePhoenix Solutions Ltd (NASDAQ: BPHX) was downgraded by Roth Capital from “buy” to “hold.” BPHX’s quarterly sales growth is 13.74% y/y. Thomas Weisel downgraded Cepheid (NASDAQ: CPHD) from “overweight” to “market weight.” CPHD’s shares have gained 54.33% so far this year. Wedbush downgraded...
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Earnings Estimate Scorecard: Avnet - Analyst Blog
Tuesday, April 13, 2010 - 3:45pm | 723Estimates for electronic components and computer products distributor, Avnet, Inc. (AVT) have been on the rise following the upgrade in outlook for the third quarter of fiscal 2010 by the company. Avnet now expects sales between $4.45 billion and $4.70 billion in the March quarter, up from the...
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"Mad Money Lightning Round:" Jim Cramer Favors TQNT, AKS, AKAM, WLT, HE, DVN, MTW, WFT, DNDN
Tuesday, April 13, 2010 - 6:37am | 399In his "Mad Money Lightning Round," Jim Cramer said that Triquint Semiconductor (NASDAQ: TQNT) is the key player in the mobile Internet tsunami and is worth investing into. TQNT added 1.68% in after hours trading. Although Jim liked AK Steel Holding (NYSE: AKS) for its steel business, he said that...
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HAL’s Acquisition Of Boots & Coots Unlikely To Boost Share Price
Monday, April 12, 2010 - 11:36am | 148Analysts at Natixis maintain their "buy" rating on Halliburton (NYSE: HAL). The target price for HAL is set to $38. According to Natixis, Halliburton’s recent takeover deal for Boots & Coots fits the company’s “current profile of buying smaller technology-focused companies.“ However, the news...
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Company News for April 12, 2010 - Corporate Summary
Monday, April 12, 2010 - 9:45am | 189• Mirant Corp (NYSE:MIR) agreed to a merger with rival RRI Energy (NYSE:RRI) in an all-stock deal valued at $3.1 billion • UBS (NYSE:UBS), ahead of a likely contentious Wednesday shareholders meeting, preannounced estimated pretax profits of at least $2.36 billion for the first quarter • ...
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Halliburton Buys Boot & Coots For $240.4M
Sunday, April 11, 2010 - 1:21am | 108Halliburton (NYSE: HAL), the second-largest oil services firm in the world, will acquire Boots & Coots (AMEX: WEL) for $240.4 million in cash and stock. The acquisition will help Halliburton bolster its offerings for services used to fight oil well fires. The deal values Houston-based Boots...
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PowerShares Small Cap Sector ETFs Hit the Tape
Thursday, April 8, 2010 - 3:02am | 1157PowerShares launched a suite of small-cap sector ETFs based on the S&P SmallCap 600 Index yesterday (4/7/10). These nine new ETFs are the first to provide sector-specific exposure within the U.S. small-cap stock market. I have long been a fan of sector and industry-focused funds, and I warmly...
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Cameron Has High Exposure To International, Domestic Markets
Wednesday, April 7, 2010 - 12:56pm | 183Analysts at Dahlman Rose initiate coverage of Cameron International Corp (NYSE: CAM) with a "buy" rating. The target price for CAM is set to $62. According to Dahlman Rose, CAM has “broad product exposure to international and domestic infrastructure markets through a diverse set of equipment...
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Blood Cell Phones
Wednesday, April 7, 2010 - 11:41am | 2073In 2003, motivated by the savagery of civil wars in Sierra Leone and Liberia, 75 countries joined a U.N.-sponsored global initiative to prevent trade in “conflict diamonds,” popularly referred to as “blood diamonds.” Conflict diamonds are gems mined in areas afflicted by armed conflict, the...
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Top 5 Stocks In The Services Sector With The Lowest PEG (TDW, NM, UAUA, ATV, DAL)
Wednesday, April 7, 2010 - 7:58am | 185Below are the top 5 services stocks in terms of PEG. Tidewater Inc (NYSE: TDW) has a PEG ratio of 0.16. TDW’s shares have risen by 29.08% over the past 52 weeks, as compared to a 45.85% gain in the S&P500 index. Navios Maritime Holdings Inc (NYSE: NM) has a PEG ratio of 0.17. The trailing-...
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Stock Market News for April 6, 2010 - Market News
Tuesday, April 6, 2010 - 9:30am | 442After a long weekend investors came back rejuvenated and sent the Dow Jones industrial average within striking distance of psychologically important 11,000 mark. Investors, in their first reaction to Friday’s release of the jobs report, turned to stocks in increasing numbers as the employment...