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Bad ETF Trade Idea Of The Week: Merger Arbitrage ETF
Saturday, August 21, 2010 - 8:24pm | 374August is typically a boring month for the markets, especially when it comes to mergers & acquisitions activity, but that theory was shattered this week with a spate of multi-billion M&A news. In the banking sector, First Niagara Financial (Nasdaq: FNFG) said it would acquire NewAlliance (...
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Identify Risk Exposure & Consider Puts 08-20-2010
Friday, August 20, 2010 - 6:40pm | 821Cusick’s Corner The market wrapped up August Expiration flat with all major indices in spitting distance of breakeven. The tea leaves on the markets are not rosy, but this is when, even with all the indicators screaming at you, you need to stay on your toes for the unexpected. Take the weekend and...
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Benzinga's Top ETF Decliners (AGQ, ERX, DIG, EWP)
Friday, August 20, 2010 - 4:41pm | 219ProShares Ultra Silver (ETF) (NYSE: AGQ) dropped 3.68%, as the silver futures struggled today. AGQ closed at $57.55, and had a volume of 369K shares. Direxion Daily Energy Bull 3X Shares (ETF) (NYSE: ERX) traded lower along with the energy stocks. ERX fell 3.60%, and closed at $26.79. In the space...
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Benzinga's Top ETF Gainers (ZSL, ERY, DPK, DUG)
Friday, August 20, 2010 - 4:26pm | 192ProShares UltraShort Silver (ETF) (NYSE: ZSL) gained 3.77% today, and closed at $33.86 as silver dropped almost 2%. ZSL had a volume of 247K traded shares. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) added 3.69%, as Halliburton Company (NYSE: HAL) and Schlumberger Limited (NYSE: SLB)...
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Pritchard Capital Out With Industry Update On Oil Rigs (BHI)
Friday, August 20, 2010 - 3:18pm | 167Pritchard Capital is out with its weekly industry report on rig counts and takes a look at the Baker Huges (NYSE: BHI) survey. In its weekly report, Pritchard Capital writes, "Baker Hughes, Inc. (BHI-$39.75): up 11 (+10 land/inland water, +1 offshore) as the oil rig count rose by 19, gas dropped...
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Before The Bell – A Glimpse Of The Market Today
Friday, August 20, 2010 - 8:36am | 402Stock futures face another dismal day on Friday following Thursday’s selloff over economic concerns, weaker-than-expected jobless claims data and a negative Philadelphia Fed Index. The DOW futures fell 42 points to 10,193, the S&P 500 futures shed 4.6 points to 1,067, and the NASDAQ futures...
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US Stock Futures Face Dismal Day Again
Friday, August 20, 2010 - 7:21am | 377Stock futures face another dismal day on Friday following Thursday’s selloff over economic concerns, weaker-than-expected jobless claims data and a negative Philadelphia Fed Index. The DOW futures fell 67 points to 10,271, the S&P 500 futures shed 7.3 points to 1,075.63, and the NASDAQ futures...
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Earnings Scheduled For August 20 (SJM, ANN, HRL, COCO, KIRK, CHMP, MTRX, HIBB)
Friday, August 20, 2010 - 6:10am | 217JM Smucker (NYSE: SJM) is expected to post its FQ3 profit of $0.96 per share on $1.07 billion in revenue. AnnTaylor (NYSE: ANN) is estimated to report its Q2 EPS at $0.33 on revenue of $503.30 million. Hormel Foods Corp (NYSE: HRL) may post its FQ3 earnings of $0.60 per share on $1.67 billion in...
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Zacks Analyst Blog Highlights: Baker Hughes, Terex, Caterpillar, Marathon Oil Corporation and Citi Trends - Press Releases
Thursday, August 19, 2010 - 2:34pm | 1344For Immediate Release Chicago, IL – August 19, 2010 – Zacks.com Analyst Blog features: Baker Hughes Inc. (BHI), Terex Corp. (TEX), Caterpillar Inc. (CAT), Marathon Oil Corporation (MRO) and Citi Trends Inc. (CTRN ). Here are highlights from Wednesday’s Analyst Blog: Baker Hughes Acquires Tanroc...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, August 19, 2010 - 2:34pm | 268Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Analog Devices, Inc (ADI) AptarGroup, Inc (ATR) Complete Production Services, Inc (CPX) Eisai Co Ltd (ESALY) Koninklijke DSM NV (RDSMY) View the entire Zacks #1 Rank List. ANALOG DEVICES (ADI): Free Stock Analysis...
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ETFs For Increased M&A Activity (MNA, SII, Q, HEW, KCE, MS, GS)
Thursday, August 19, 2010 - 1:11pm | 694As companies continue to put out good earnings reports and cash flow lending comes back to life, it appears that there is an improved market sentiment in the mergers and acquisitions spectrum. According to a report by mergermarket and Merrill DataSite, the first six months of 2010 has a relatively...
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Halliburton-Shell Tango in Majnoon - Analyst Blog
Thursday, August 19, 2010 - 12:34pm | 405The Houston-based oilfield services company, Halliburton Company (HAL) has received a letter of intent (LOI) from Shell Iraq Petroleum Development BV to develop the Majnoon field in Southern Iraq. Under the terms of the agreement, Halliburton will serve as project manager for the development and...
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Baker Hughes Acquires Tanroc - Analyst Blog
Wednesday, August 18, 2010 - 9:19pm | 369Baker Hughes Inc. (BHI) acquired oilfield equipment and service supplier Tanroc, which served as the Canadian distributor for the company's LIFTEQ systems prior to its acquisition. Primarily based in Lloydminster, Alberta, Canada, Tanroc facilitated in the supply of progressing cavity pumping (PCP...
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Benzinga's Top ETF Decliners (SOXS, ERX, SSG, VXX, DAG)
Wednesday, August 18, 2010 - 5:31pm | 199Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) and ProShares UltraShort Semiconductors(ETF) (NYSE: SSG) traded lower today, as semiconductor stocks like Analog Devices, Inc. (NYSE: ADI) and LSI Corporation (NYSE: LSI) traded higher. SOXS fell 3.44%, and SSG lost 2.05%, while ADI and LSI...
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Benzinga's Top ETF Gainers (SOXL, ERY, XHB, DUG)
Wednesday, August 18, 2010 - 5:15pm | 233Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) gained 3.35% today, as the semiconductor stocks rebounded. Analog Devices, Inc. (NYSE: ADI) jumped 4.41%, and LSI Corporation (NYSE: LSI) added 4.33%. It is interesting that LSI surrendered its gains in the after hours, as it dropped to $4.39...