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Mad Money Lightning Round: Cramer Likes Mercer International
Wednesday, August 10, 2011 - 3:00am | 243On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Mercer International (NASDAQ: MERC) is a “winning stock." For Carbo Ceramics (NYSE: CRR), he said, "I prefer Core Labs (NYSE: CLB) because it's more consistent." Cramer said that he is “sticking with Cliffs Natural Resources (...
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FOMC Decision Today 08-09-2011
Tuesday, August 9, 2011 - 2:19pm | 1001Cusick's Corner Top stories -- London burning and market bouncing into the Fed announcement. While I would not aggressively chase long trades, intraday scalping has been solid, but look to get flat in front of the Fed. The shorts will be lurking, waiting for any catalyst to the downside, on the...
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UPDATE: Global Hunter Reiterates Neutral on Dresser-Rand, Reduces PT to $45
Tuesday, August 9, 2011 - 6:55am | 47Global Hunter reiterated its Neutral rating on Dresser-Rand (NYSE: DRC). At the same time, the rating agency reduced its price target on the company's stock from $51 to $45. On Monday, DRC lost 12.16% of its value to finish the day at $36.77.
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Top 4 Large-Cap Stocks In The Steel & Iron Industry With The Highest Dividend Yield
Tuesday, August 9, 2011 - 3:30am | 118Below are the top large-cap steel & iron stocks on the NYSE and the NASDAQ in terms of dividend yield. Companhia Siderurgica Nacional (NYSE: SID) has a dividend yield of 7.10%. SID's shares closed at $8.11 yesterday. Nucor Corporation (NYSE: NUE) has a dividend yield of 4.10%. NUE's shares...
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Fed Watch 08-08-2011
Monday, August 8, 2011 - 6:14pm | 979Cusick Corner All eyes will be on the Fed tomorrow, their language will be scrutinized and traders will be on edge. I got a question about what may be a signal that the equities may be potentially firming up and potentially bounce - look at commodities like Copper, JJC, Lumber, LBU11, and Cotton,...
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Benzinga's Top ETF Decliners, August 8th (RUSL, FAS, DRN, ERX)
Monday, August 8, 2011 - 4:38pm | 200Direxion Daily Russia Bull 3x Shares (NYSE: RUSL) led the decliners among the ETFs on Monday, with a decline of 33.54%. RUSL closed at $23.01, and it had a volume of 101K traded shares. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) dropped 27.64%, and closed at $12.46. Bank of America...
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Thanks S&P 08-08-2011
Monday, August 8, 2011 - 2:04pm | 1029Cusick's Corner Standard & Poor's has done what they said they were going to do -- downgrade the US and Government home lending agencies. After looking at the EU's efforts that will hold up Spain and Italy, it is hard to imagine that with the Fed meeting this week and the fact that our...
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IHS Receives Early Termination of HSR Waiting Period for Seismic Micro-Technology Acquisition
Monday, August 8, 2011 - 1:03pm | 97IHS Inc. (NYSE: IHS) has received notice from the Federal Trade Commission granting early termination of the waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976 for its acquisition of Seismic Micro-Technology and is working to close the transaction as quickly as possible....
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Options Brief: RPC
Monday, August 8, 2011 - 11:56am | 105Shares of RPC (NYSE: RES) are higher on the session by 11.48%, trading at $21.68. Overall call volume is now running at 4.62x the daily average, with 79% of all calls traded being purchases on the offer. 1,217 contracts have traded on the session so far. RPC, Inc. is a holding company. RPC...
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Jefferies Reiterates Hold on Hornbeck Offshore Services, Raises PT to $27
Monday, August 8, 2011 - 6:58am | 48Jefferies reiterated its Hold rating on Hornbeck Offshore Services (NYSE: HOS). At the same time, the rating agency raised its price target on the company's stock from $24 to $27. On Friday, HOS lost 6.2% of its value to end the week at $24.21.
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Pre-Market Gainers
Monday, August 8, 2011 - 6:57am | 50BroadSoft (NASDAQ: BSFT) +17.47% on better than expected earnings. RPC (NYSE: RES) +6.25 on the Bloomberg report that the company is considering selling itself. Silvercorp Metals (NYSE: SVM) +4.41%
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Jefferies Raises PT on Hornbeck Offshore To $27
Monday, August 8, 2011 - 5:47am | 28Jefferies & Company has raised the price target on Hornbeck Offshore Services (NYSE: HOS) from $24 to $27 and maintains its Hold rating.
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Key Energy Services Announces Completion of the Acquisition of Edge Oilfield Services and Summit Oilfield Services
Sunday, August 7, 2011 - 7:10pm | 186Key Energy Services (NYSE: KEG) completed the previously announced acquisition of Edge Oilfield Services and Summit Oilfield Services. Total consideration for the transaction was $307.6 million, consisting of approximately 7.5 million shares of Key common stock and $189.7 million in cash, which...
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Morgan Keegan Maintains Dresser-Rand PT, Outperform
Friday, August 5, 2011 - 2:48pm | 87Morgan Keegan maintained its Dresser-Rand Group (NYSE: DRC) Outperform rating and $63 price target in a research report published today. In the report, Morgan Keegan states, "A weaker than expected Q2'11 and broad market uneasiness combined to push DRC's share price down dramatically. Unless the...
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Credit Suisse Downgrading Exterran Holdings
Friday, August 5, 2011 - 8:28am | 142Credit Suisse is out with a research report and downgrading shares of Exterran Holdings (NYSE: EXH) to Neutral from Outperform and slashing the price target to $17 from $32. In a note to clients, Credit Suisse writes, "We got ahead of ourselves when we double upgraded EXH to OP in March 2011. We...