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Stock Market News for Jan 27, 2011 - Market News
Thursday, January 27, 2011 - 10:01am | 1415Markets rose to fresh highs as technology stocks led the rally after strong earnings results from Juniper Networks Inc (NYSE:JNPR) showed a continued demand for high-tech equipment. The Dow rose above the psychological 12000 mark for the very first time after June 2008 before ending the day at...
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Tussle with 12,000. What's Next? - Analyst Blog
Thursday, January 27, 2011 - 10:01am | 972We officially touched Dow 12,000 on Wednesday before a mild retreat at day's end. Helping the cause was President Obama's “tack to the center” speech talking about business-friendly initiatives to spark more job growth. Combine that with more quality earnings reports and the Fed keeping its foot on...
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Tussle with 12,000. What's Next? - Analyst Blog
Thursday, January 27, 2011 - 9:46am | 972We officially touched Dow 12,000 on Wednesday before a mild retreat at day's end. Helping the cause was President Obama's “tack to the center” speech talking about business-friendly initiatives to spark more job growth. Combine that with more quality earnings reports and the Fed keeping its foot on...
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Stock Market News for Jan 27, 2011 - Market News
Thursday, January 27, 2011 - 9:30am | 1415Markets rose to fresh highs as technology stocks led the rally after strong earnings results from Juniper Networks Inc (NYSE:JNPR) showed a continued demand for high-tech equipment. The Dow rose above the psychological 12000 mark for the very first time after June 2008 before ending the day at...
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Carbo Ceramics Sales And Profits Surge (CRR)
Thursday, January 27, 2011 - 6:11am | 238Houston, Texas-based Carbo Ceramics, Inc. (NYSE: CRR) released financial results on Thursday morning that beat Wall Street estimates. Carbo Ceramics, Inc announced that its 4th quarter $20.8 million, or 90 cent per share, up from $12.6 million, or 55 cents per share, a year earlier. Carbo Ceramics...
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Oil & Gas Industry Outlook - Jan. 2011 - Industry Outlook
Thursday, January 27, 2011 - 12:00am | 2471OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten...
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Oil & Gas Industry Outlook - Jan. 2011 - Zacks Analyst Interviews
Thursday, January 27, 2011 - 12:00am | 2471OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten...
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Halliburton (HAL) Among Top Performers - Zacks #1 Rank Top Performers
Wednesday, January 26, 2011 - 5:31pm | 1133The Dow loitered around 12,000 on Wednesday; surpassing the mark momentarily before ending the session slightly under. However, this milestone is really just semantics. The fact of the matter is that the market continues to move in the right direction, which put some pretty big Zacks #1 Rank stocks...
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Oil Services Stocks Roar Higher
Wednesday, January 26, 2011 - 3:30pm | 152All of the oil services stocks are surging higher today. All a trader has to do today is simply take a look at the Oil Services Holders Trust(NYSE: OIH). The OIH is trading higher today by $6.84 cents making a new 52 week high for the EFT. Some of the major components in the Oil Services Holders...
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Massive Move In Oil Service HOLDRs (OIH, HAL, RIG, BHI)
Wednesday, January 26, 2011 - 12:18pm | 161The energy complex is leading the stock market higher on Wednesday. A huge move is underway in the Oil Service HOLDRs Trust (NYSE: OIH), which has surged 3.82% on heavy volume and is currently sitting at the highs of the day. More than 3.5 million OIH shares have already traded hands with 4 hours...
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What's Hot on the Street
Wednesday, January 26, 2011 - 12:01pm | 369Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet An ETF for the Industrial Sector Earnings season is an exciting time for analysts, market commentators and investors as numerous companies from across the market spectrum step up to the plate to report their...
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Calls Purchased on RPC, Inc. (RES)
Wednesday, January 26, 2011 - 10:50am | 154Shares of RPC, Inc. (NYSE: RES) are lower on the session by 2.13%, currently trading at $17.02. The stock has been moving largely lower over the past two months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...
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Dahlman Rose Raises Price Target on Baker Hughes to $95 (BHI)
Wednesday, January 26, 2011 - 9:43am | 92Dahlman Rose is out with its report on Baker Hughes (NYSE: BHI), raising its PT to $95. In a note to clients, Dahlman Rose writes, "Improving fundamentals combined with a 'Top 3' market share in key growth products and low expectations built into estimates continue to support our bullish view. We...
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Weatherford Falls Short - Analyst Blog
Wednesday, January 26, 2011 - 9:31am | 666Leading oilfield services company, Weatherford International Ltd. (WFT) reported fourth quarter 2010 adjusted earnings of 21 cents per share, below the Zacks Consensus Estimate of 23 cents. However, the quarterly results grew substantially from the year-earlier profit of 3 cents. The year-over-...
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Stock Market News for Jan 26, 2011 - Market News
Wednesday, January 26, 2011 - 9:31am | 1483Markets closed almost flat yesterday after erasing losses ahead of President Obama's State of Union speech, scheduled for later in the day. Late-day buying helped the markets gained slightly before the close. On Tuesday, the markets closed almost flat after erasing early losses due to...