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Stocks Slump But Recover Some Losses 08-06-2010
Friday, August 6, 2010 - 7:22pm | 859Cusick’s Corner The S&P 500 found support above 1100 after this morning’s disappointing jobs report, recovering much of today’s losses due to short covering. This market drop shifted some of today’s trade into Gold and Treasurys -- Gold (GCU10) rose above the psychological $1,200 level and the...
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Bookkeeping: Short Whirlpool (WHR), Global Payments (GPN), Gentiva Health Services (GTIV), Covering TNA
Friday, August 6, 2010 - 3:01pm | 981It could go either way in the intermediate term so without a clear signal I am going to add a few more hedges to the short side. It looks like that 1106.44 gap won't fill today unless we get our patented HFT bum rush in the last 10-20 minutes, so I am going to cover my TNA. I made a quick 3.5%...
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Top Narrow Based Indexes For August 5 (CHSI, ATML, GRO)
Friday, August 6, 2010 - 1:47pm | 201By 12:40 pm, the Dow Jones Industrial Average was down 39.39 points, or 0.37%, to 10,641.04, while the broader Standard & Poor's 500 index had lost 4.75 points, or 0.42%. The NASDAQ composite index fell 13.11 points, or 0.57%. Some of the narrow based indexes supporting the markets are...
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Benzinga’s Top Upgrades (CHSI, H, INWK, QGEN)
Friday, August 6, 2010 - 6:57am | 155Catalyst Health Solutions Inc (NASDAQ: CHSI) was upgraded by First Analysis from "equal weight" to "overweight." CHSI’s shares closed at $40.50 yesterday. Catalyst Health Solutions’ quarterly earnings rose 23.85% y/y. FBR Capital upgraded Hyatt Hotels Corporation (NYSE: H) from "underperform" to "...
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Top Narrow Based Indexes For August 5 (CHSI, ATML, GRO)
Thursday, August 5, 2010 - 1:37pm | 205By 12:40 pm, the Dow Jones Industrial Average was down 39.39 points, or 0.37%, to 10,641.04, while the broader Standard & Poor's 500 index had lost 4.75 points, or 0.42%. The NASDAQ composite index fell 13.11 points, or 0.57%. Some of the narrow based indexes supporting the markets are Pharmacy...
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Benzinga’s Volume Movers (FSYS, SINA, CATM, CHSI)
Thursday, August 5, 2010 - 1:05pm | 159Fuel Systems Solutions Inc (NASDAQ: FSYS) shares gained 15.06% to $34.00 at 12:23 pm. The volume of FSYS shares traded was 621% higher than normal. FSYS has reported upbeat Q2 earnings. Sina Corporation (NASDAQ: SINA) shares moved up 5.49% to $45.17. The volume of SINA shares traded was 464% higher...
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, August 5, 2010 - 8:53am | 351Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Amedisys, Inc (AMED) Atlas Pipeline Holdings, LP (AHD) Atlas Pipeline Partners, LP (APL) Burger King Holdings, Inc (BKC) Cedar Fair, LP (FUN) View the entire Zacks #5 Rank List. ATLAS PIPLN HLD (AHD): Free Stock...
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EMS Beats, Lifts Guidance - Analyst Blog
Wednesday, August 4, 2010 - 5:28pm | 517Emergency Medical Services Corp. (EMS) reported an EPS of 54 cents in the second quarter of fiscal 2010, down 19.4% from 67 cents in the year-ago period. However, during the quarter the company recorded charges related to early debt retirement ($19 million) and a settlement of investigation ($3.1...
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Celera Misses; Lowers Guidance - Analyst Blog
Wednesday, August 4, 2010 - 3:32pm | 911Celera Corporation (CRA) reported a net loss per share of 7 cents in the second quarter of 2010, an improvement from the year-ago quarter’s loss per share of 39 cents. Excluding one-time items, net loss was 8 cents per share compared with the Zacks Consensus Estimate of a loss of 7 cents. Net loss...
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Morgan Keegan Reiterates Outperform Rating on RehabCare Group (RHB)
Wednesday, August 4, 2010 - 10:09am | 141Morgan Keegan is out with a research report this morning, where it reiterates its Outperform rating on RehabCare Group (NYSE: RHB); it has a $29.00 price target on the stock. The MK analysts cited the company’s recent earnings report, which came in below estimates. They noted that both the HRS and...
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Reason Yen's Move is Not Bullish for Japan 08-03-2010
Tuesday, August 3, 2010 - 6:40pm | 839Cusick’s Corner The market did close the day in the red, another grinding session after an initial pop in the morning. The Japanese Yen currency has been on a tear and some market insiders who often confer with me, gave me some additional insight -- this move in the Yen is not a bullish signal for...
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Fresenius Tops, Misses on Sales - Analyst Blog
Tuesday, August 3, 2010 - 6:06pm | 576Fresenius Medical Care (FMS) reported second-quarter earnings per ADS of 83 cents, beating the Zacks Consensus Estimate of 80 cents as well as the year-ago result of 74 cents. Revenues The company reported net revenues of $2,946 million, up 7% on a reported basis as well as in constant...
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drugstore.com, inc. and Medco Health Solutions Extend Strategic Alliance Through 2018
Tuesday, August 3, 2010 - 4:28pm | 37drugstore.com, inc. (Nasdaq: DSCM) today announced the extension through 2018 of its strategic alliance with Medco Health Solutions, Inc. (NYSE: MHS).
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Rolling Out & Up 08-03-2010
Tuesday, August 3, 2010 - 4:07pm | 904Cusick’s Corner The market continues to stay in a stubborn range and is currently in the negative at this stage of the Midday. I want to highlight a FRO trade that is in the Bullish section -- a strategist looks to have closed an August 35 call position and bought a January 40 call position, which...
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Zacks Bull and Bear of the Day Highlights: Neurocrine Biosciences, Big 5 Sporting Goods, Aetna, CVS Caremark and Express Scripts - Press Releases
Tuesday, August 3, 2010 - 9:10am | 1554For Immediate Release Chicago, IL –August 03, 2010 – Zacks Equity Research highlights: Neurocrine Biosciences (NBIX) as the Bull of the Day and Big 5 Sporting Goods (BGFV) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Aetna Inc. (AET), CVS Caremark (CVS) and...