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Hottest and Coldest Sectors for Friday 7/8/11
Friday, July 8, 2011 - 5:24pm | 1918The S&P 500 lost 9.4 points, or 0.7%, in Friday's trading session, as a weaker-than-expected jobs report put an end to the recent market rally. The SPX is now 26.78 points lower than its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Friday's session is as follows...
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Biotech/Pharma Investor Trading News Alert and Stock Chart for BioSante
Friday, July 8, 2011 - 2:32pm | 973Point Roberts, WA, LINCOLNSHIRE, Ill – July 8, 2011 – Investorideas.com, a leader in sector stock research for independent investors, issues a trading alert and 5-day stock chart for specialty biotech/pharma stock, BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX). The stock has reached as high as $3....
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Market Reacts to Unemployment 07-08-2011
Friday, July 8, 2011 - 1:27pm | 990Cusick's Corner The macro picture in the US is not as rosy as the market was picturing. But by no means does this mean that we are in a major trend shift, in fact this is a market that is still in an uptrend. The question is what the Fed will do now that QE is off the table and Washington is still...
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Citi Reiterates Hold and PT of $38 on Eli Lilly
Friday, July 8, 2011 - 9:26am | 33Citi reiterated its Hold rating on Eli Lilly (NYSE: LLY). At the same time, Citi left its price target on the company's stock unchanged at $38.
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Brean Murray Carret Comments On Adolor Valuation
Friday, July 8, 2011 - 7:51am | 70According to Brean Murray Carret, Adolor (NASDAQ: ADLR) held management meetings. Brean Murray Carret said that full ownership of Entereg is exactly what Adolor needed to increase its floor valuation and it is immediately accretive. “Our valuation is based upon a DCF with a 35% discount rate and a...
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UPDATE: Deutsche Bank Initiates Johnson & Johnson at Hold
Friday, July 8, 2011 - 7:44am | 146Deutsche Bank is out with its report today on Johnson & Johnson (NYSE: JNJ), initiating JNJ at Hold. In a note to clients, Deutsche Bank writes, "We believe J&J's pharma pipeline is well understood and do not see any major differences between our forecast and consensus. The exit of...
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Bank of America Lowers PO On Auxilium Pharmaceuticals To $27
Friday, July 8, 2011 - 6:51am | 28Bank of America has lowered the price objective on Auxilium Pharmaceuticals (NASDAQ: AUXL) from $30 to $27 and maintains its Buy rating.
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Deutsche Bank Initiates Johnson & Johnson At Hold, $73 PT
Friday, July 8, 2011 - 6:47am | 25Deutsche Bank has initiated coverage on Johnson & Johnson (NYSE: JNJ) with a Hold rating and $73 price target.
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Friday, July 8, 2011 - 12:59am | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 7:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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Stock Picks and Trade Ideas for Friday, July 8
Thursday, July 7, 2011 - 5:44pm | 1476( click to enlarge ) FiberTower Corporation (NASDAQ:FTWR) - 50-day SMA acting as support for now. Recent high was $1.85. Worth watching. Strong volume pattern. ( click to enlarge ) Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) - Looking good for $25.16 breakout. ( click to enlarge ) Macy...
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Blue Light Special 07-07-2011
Thursday, July 7, 2011 - 5:13pm | 1014Cusick's Corner Where is the next Blue Light Special? (Check out AEO in Bullish Flow.) The Consumer Discretionary sector, XLY +1.61%, is outperforming the general market, S&Ps +1.05%, and Retail is red hot today after Junes sales data came out. Along with the Claims data coming better than...
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Watson Confirms Favorable Appeals Court Decision in Mucinex(R) Patent Suit
Thursday, July 7, 2011 - 4:39pm | 157Watson Pharmaceuticals, Inc. (NYSE: WPI) today confirmed that the United States Court of Appeals for the Federal Circuit has affirmed the United States District Court for the Southern District of Florida's February 2011 decision that Watson's generic versions of Mucinex (Guaifenesin), Mucinex D (...
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Five Undervalued Blue Chips with Above-average and Growing Yield
Thursday, July 7, 2011 - 4:17pm | 1205Yesterday the following PRNewswire press release reported that S&P indices announced a powerful uptrend in dividend increases for calendar year 2011. This provides continued validation of the unique opportunity that blue-chip dividend paying stocks offer investors today. Five Dividend Paying...
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Watson Confirms Vyvanse Patent Challenge
Thursday, July 7, 2011 - 4:04pm | 73Watson Pharmaceuticals, Inc. (NYSE: WPI) today confirmed that its subsidiary, Watson Laboratories, Inc., filed an Abbreviated New Drug Application with the U.S. Food and Drug Administration seeking approval to market lisdexamfetamine dimesylate capsules. Watson's lisdexamfetamine dimesylate...