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Benzinga's Premarket Movers
Monday, February 22, 2010 - 10:12am | 132Today’s premarket movers: Pacer International (NASDAQ: PACR) is up 13.61%. Green Plains Renewable Energy (NASDAQ: GPRE) is up 6.08% on earnings. Quanta Services (NYSE: PWR) is up 3.47% on earnings. Endo Pharmaceuticals (NASDAQ: ENDP) is up 9.75% on earnings. Smith International (NYSE: SII) is up 7....
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Monster Worldwide & Key Energy Services Upgraded Today
Monday, February 22, 2010 - 10:00am | 107Monster Worldwide, Inc. (NYSE: MWW) was upgraded today by Stifel Nicolaus from Hold to Buy with a price target of $20. Monster Worldwide is now trading at $15.27, 1.66% up in the pre-market session. Monster Worldwide closed at $15.02 in the previous trading session. In the last year, MWW has gained...
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Benzinga’s Top Pre-Market Gainers (XNPT, ENDP, SII, PACR, GPRE)
Monday, February 22, 2010 - 9:39am | 320XenoPort, Inc. (NASDAQ: XNPT) increased 3.58% to $8.68 in the pre-market session. The 52-week trading range for XNPT is $6.39 - $25.42. In the last six months, XenoPort has declined over 57%. XNPT closed at $8.38 in the previous trading session. Endo Pharmaceuticals (NASDAQ: ENDP) climbed 4.80% to...
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UBS Believes KEG Is A Buy
Monday, February 22, 2010 - 8:56am | 69UBS upgraded Key Energy (NYSE: KEG) from “neutral” to “buy. The target price for KEG has been raised from $9.50 to $12.50. UBS said that KEG has raised its E&P well spending and the utilization has improved at the company. Moreover, there is a possibility of a short-term rally in gas activity...
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Market Futures Slightly In The Green
Monday, February 22, 2010 - 5:41am | 166The US markets are looking to open slightly higher after the Asian markets rallied last night. The Nikkei 225 was up 2.74% and the Hang Seng was up 2.43%. Today was the first day that the Chinese market was open after it celebrated its New Years. The European markets are practically unchanged. FTSE...
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ETFs To Watch February 22, 2010 (OIH, SDS, USO, EWJ)
Monday, February 22, 2010 - 5:01am | 249Here is the ETF Professor's ETF Watchlist for Monday February 22, 2010. On news of Schlumberger's (NYSE: SLB) $11 billion takeover of Smith International (NYSE: SII), the Oil Services HOLDRs (AMEX: OIH) will be in play. Keep an eye on the U.S. Oil Fund (NYSE: USO) on news of increased bullish bets...
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Oil Services ETF Could Rebalance On Smith Takeover
Monday, February 22, 2010 - 2:57am | 192The Oil Services HOLDRs ETF (AMEX: OIH), the ETF that is home to many of the largest oil services stocks, may see some changes as Schlumberger (NYSE: SLB) acquires Smith International (NYSE: SII). Schlumberger, the world's largest provicer of oilfield services, announced plans to acquire Texas-...
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Closing Market Comments
Friday, February 19, 2010 - 5:37pm | 221Today was a very interesting day in the market for many reasons. First off we were thrown off 24 hours ago when the Fed increased the discount rate to 0.75%. This as we all know moved the market futures to down over 1%. When you add in that surprise with the fact that today was option expiration...
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Schlumberger To Buy Smith International (SLB, SII)
Friday, February 19, 2010 - 10:36am | 132Smith International (NYSE: SII) is looking at a possible takeover bid from Schlumberger (NYSE: SLB) today. Schlumberger is down nearly 4% in premarket trading on the news, and Smith International is up almost 14%. CNBC believes that SLB is looking for a close in 6 months, and currently no official...
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Company News for February 19, 2010 - Corporate Summary
Friday, February 19, 2010 - 10:23am | 197• Reports say Schlumberger (NYSE:SLB) is in talks to buy Smith International (NYSE:SII) for an estimated $9 billion • CBS (NYSE:CBS) posted inline four quarter earnings of 25 cents ex-items on revenues of $3.50 billion, up from Zacks estimates of $3.44 billion • Dell (NASDAQ:DELL) reported adjusted...
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Schlumberger Discusses Buying Smith International (SLB, SII)
Friday, February 19, 2010 - 2:16am | 131Schlumberger Ltd. (NYSE: SLB) is in talks to buy Smith International Inc. (NYSE: SII). Both the companies are major players in the business of oil-field services. The companies have not disclosed the deal value. Neither company has made any comment about the talks. Oil-field service companies have...
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Benzinga's Market Movers
Wednesday, February 17, 2010 - 3:36pm | 218Market movers are a good indicator of what the overall market is reacting to during the day. It is a good way to see what is hot and what is not. By looking at these stocks you can get a feel for what the big news is each day. What is hot? - Whole Foods Market (NASDAQ: WFMI) 11.93% gain on upgrade...
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Benzinga’s Top Downgrades (PAET, RES, VCLK, CHE, PAAS)
Wednesday, February 17, 2010 - 3:18pm | 222PAETEC Holding Corp (NASDAQ: PAET) was downgraded by DA Davidson from “buy” to “neutral.” PAET’s shares jumped 8.86% to $3.93 by 1:23 pm. PAETEC Holding has a 52-week trading range of $1.04-$4.52. Standpoint Research downgraded RPC Inc (NYSE: RES) from “buy” to “hold.” VCLK’s shares had lost 1.33...
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Standpoint Downgrades RPC, Inc. (RES)
Wednesday, February 17, 2010 - 1:04pm | 117Standpoint Research downgraded RPC, Inc. (NYSE: RES) today from a Buy to a Hold. Standpoint analyst, Ronnie Moas cited crude oil prices and the fact that the stock is trading at a 52 week high as factors for the downgrade. In the last year, RPC, Inc. (RES) has climbed 110%. According to Google...
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TS To Benefit From Improving Industry Fundamentals
Wednesday, February 17, 2010 - 12:40pm | 154Analyst Stephen D Gengaro of Jefferies & Co maintains his "buy" rating on Tenaris (NYSE: TS), while raising his estimates for the company. The target price for TS has been raised from $45 to $53. According to Jefferies & Co, Tenaris is well positioned to benefit from higher deepwater...