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Financials Take Lead 11-29-2010
Monday, November 29, 2010 - 7:53pm | 799Cusick's Corner Finance took the lead into the After Hours and the market followed. With Finance showing leadership and the cold weather hitting, we saw the Energy sector, XLE get a boost at the end of the day -- it's another offensive sector that will need to continue its upswing if the bulls...
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Current Put/Call Ratio .35 11-29-2010
Monday, November 29, 2010 - 3:51pm | 877Cusick's Corner The market is holding up well, anchored by a Finance sector, XLF, which as of late has been a weight on the upside. The range is getting on investors' nerves but the range has been good for traders. Right now you are seeing two dynamics, those who are cashing out and those who are...
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FedEx Up Sharply On Upgrade, Price Target Increase (FDX)
Monday, November 29, 2010 - 2:54pm | 56Fedex (NYSE: FDX) is up sharply this afternoon, gaining $2.97 to $90.47, a gain of over 3% after Credit Suisse upgraded the name to Outperform. It also raised the price target to $98 to $111. UPS (NYSE: UPS) is up 36 cents to $69.46, a gain of 0.5%.
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Can Brown Add To Your Portfolio? (UPS)
Monday, November 29, 2010 - 11:22am | 91United Parcel Service, Inc. (NYSE: UPS) is down slightly this morning, but this is UPS' busy season of the year, and initiating a position or adding to weakness today may prove beneficial for your portfolio over the coming weeks. UPS recently announced that it was hiring 65,000 seasonal workers to...
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Company News for November 29, 2010 - Corporate Summary
Monday, November 29, 2010 - 10:30am | 374• General Motors (NYSE: GM) announced that its underwriters exercised their greenshoe option to purchase an additional 71.7 million shares, helping the formerly bankrupt auto company notch up a record $23 billion • Quantas resumed flights of its Airbus A380 aircraft, the first since an explosion of...
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Benzinga's Top Upgrades (FDX, MTL, SQM, KND)
Monday, November 29, 2010 - 9:30am | 159FedEx Corporation (NYSE: FDX) was upgraded by Credit Suisse from "neutral" to "outperform." FDX's shares closed at $87.50 on Friday. Shares of FedEx have gained 5.45% year-to-date. Analysts at Goldman Sachs upgrade Mechel OAO (NYSE: MTL) from "neutral" to "buy." MTL's shares closed at $23.50 on...
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Credit Suisse Upgrades FDX To Outperform
Monday, November 29, 2010 - 8:08am | 51Analysts at Credit Suisse upgrade FedEx Corporation (NYSE: FDX) from "neutral" to "outperform." The target price for FDX has been raised from $98 to $111. FDX's shares lost 1.10% to close at $87.50 on Friday. More Analyst Ratings here
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Company News for November 29, 2010 - Corporate Summary
Monday, November 29, 2010 - 5:23am | 374• General Motors (NYSE: GM) announced that its underwriters exercised their greenshoe option to purchase an additional 71.7 million shares, helping the formerly bankrupt auto company notch up a record $23 billion • Quantas resumed flights of its Airbus A380 aircraft, the first since an explosion of...
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Fast Money Picks For November 29th (F, GM, AVP, FDX)
Wednesday, November 24, 2010 - 8:18pm | 157On CNBC's Fast Money, Joe Terranova recommended Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) as a buy. General Motors Company (GM) gained 0.69% today, and Ford (F) added 1.59%. Karen Finerman believes that Avon Products, Inc. (NYSE: AVP) is a good stock, and she wants to buy...
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Benzinga's Volume Movers (CISG, DDMX, HRBN, CREE)
Wednesday, November 24, 2010 - 11:55am | 181CNinsure Inc (NASDAQ: CISG) shares surged 12.32% to $21.34 at 10:52 am. The volume of CISG shares traded was 576% higher than normal. CISG has announced management plan to buy shares of the Company in the open market. Dynamex Inc (NASDAQ: DDMX) shares moved up 12.03% to $23.66. The volume of DDMX...
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Deutsche Bank Raises Estimates On FedEx (FDX)
Monday, November 22, 2010 - 2:37pm | 75Analysts at Deutsche Bank have raised their Q2 earnings per share estimates for FedEx (NYSE: FDX) from $1.23 to $1.32. They wrote, "we believe a combination of modestly better-than-expected volume growth, a solid pricing environment, and better operating leverage should drive upside to current...
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Thoma Bravo to Acquire UPS Logistics Technologies
Friday, November 19, 2010 - 2:04pm | 37UPS (NYSE: UPS) today announced an agreement to sell its UPS Logistics Technologies unit to Thoma Bravo, LLC, a leading private equity investment firm. Financial details were not disclosed.
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Park-Ohio Holdings Corp. Chairman Sells 24,991 Shares of PKOH
Thursday, November 18, 2010 - 5:48pm | 57In a Form 4 filed earlier today, Park-Ohio Holdings Corp. (NASDAQ: PKOH) Chairman of the Board, Edward Crawford, reported that he sold 24,991 shares of PKOH on November 16th for an average price of $17.21. The transaction totaled $429,970. Mr. Crawford owns 2,128,555 direct shares and 105,678...
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Shippers Positive On The Day (FDX, UPS)
Thursday, November 18, 2010 - 4:49pm | 99The logistics and shipping companies are having a strong day, gaining more than 1% each. FedEx Corporation (NYSE: FDX) is up more than 1% today, gaining $1.38 to $86.89. This is good for a gain of 1.6%, on 1.7 million shares. Average daily volume for the stock is around 2.2 million shares. Shares...
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UBS Raises Price Targets (FDX, JEC, INTU, WMT)
Wednesday, November 17, 2010 - 10:53am | 62UBS raises price targets on the following companies: Wal-Mart (NYSE: WMT) from $60 to $61. Jacobs Engineering Group (NYSE: JEC) from $40 to $43. Intuit (NASDAQ: INTU) from $44 to $51. FedEx (NYSE: FDX) from $105 to $111.