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Stocks Hitting 52-Week Highs (BIDU, EXPD, PCLN, CHRW)
Wednesday, August 4, 2010 - 2:10pm | 179Baidu Inc (NASDAQ: BIDU) shares gained 1.64% to create a new 52-week high of $86.18. Robin Li, Founder, Chairman & CEO of BIDU is pursuing a long-term growth strategy for the company after the pullback of Google Inc (NASDAQ: GOOG) from China. Expeditors International of Washington Inc (NASDAQ:...
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Piper Jaffray Reiterates Overweight Rating On UPS
Tuesday, August 3, 2010 - 12:38pm | 141In a research report released by Piper Jaffray today, the firm's analysts reiterated their Overweight rating and $83.00 price target on shares of UPS (NYSE: UPS). At meetings held last week in Kansas City, "management echoed global economic recovery continues to drive stronger volume in...
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Mad Money Lightning Round: Cramer Finds JPM An Attractive Buy After Financial Regulations
Tuesday, August 3, 2010 - 6:55am | 206On his Monday’s "Mad Money Lightning Round," Jim Cramer said that he is a buyer of JPMorgan Chase (NYSE: JPM), following the financial regulations. Jim remarked that Marathon Oil (NYSE: MRO) was “pretty cheap.” He told traders that he preferred Marathon to Exxon Mobil (NYSE: XOM). On Universal...
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Stocks Hitting 52-Week Highs (CHRW, AXTI, HTHT, SCOR)
Monday, August 2, 2010 - 3:24pm | 156CH Robinson Worldwide Inc (NASDAQ: CHRW) shares reached $66.19 to create a new 52-week high, before falling to $65.95. Analysts at BB&T Capital Markets upgraded CHRW from “hold” to “buy.” AXT Inc (NASDAQ: AXTI) shares moved up $5.94 to touch a new 52-week high, before falling to $5.93,...
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Stock Market News for August 2, 2010 - Market News
Monday, August 2, 2010 - 10:22am | 812Even as a disappointing gross domestic product report weighed on sentiments Friday, stocks managed to record their best month in a year as some strong quarterly earnings reports overshadowed concerns about economic recovery. Although July was volatile, the performance of markets was indeed...
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Portfolio Manager Recommends FedEx (FDX, HPQ, PLD)
Friday, July 30, 2010 - 10:55am | 122Markets seem to be unable to sustain their momentum. Michael Cuggino, president and portfolio manager with Permanent Portfolio Funds, still holds a positive opinion about the market. He told CNBC, “Liquidity is there, corporate profits are there, interest rates are low and dividend yields are very...
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Stocks Hitting 52-Week Highs (CHRW, ADVS, LMAT, USNA)
Wednesday, July 28, 2010 - 1:45pm | 150CH Robinson Worldwide Inc (NASDAQ: CHRW) shares gained 5.69% to create a new 52-week high of $64.68. CHRW has reported better-than-expected Q2 earnings. Advent Software Inc (NASDAQ: ADVS) shares moved up 0.42% to touch a new 52-week high of $52.34. ADVS’ Q2 results exceeded the Street view....
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Benzinga’s Top Pre-Market NASDAQ Gainers (BWLD, CHRW, ILMN, AONE)
Wednesday, July 28, 2010 - 8:36am | 123Buffalo Wild Wings Inc (NASDAQ: BWLD) rose 8.32% to $44.25 in the pre-market session. BWLD had reported better-than-expected Q2 earnings yesterday. CH Robinson Worldwide Inc (NASDAQ: CHRW) added 6.21% to $65 in pre-market trading. CHRW’s Q2 profits exceeded the Street view. Illumina Inc (NASDAQ:...
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Option Trades on AT&T (T) for Bulls and Bears
Tuesday, July 27, 2010 - 10:35am | 1797Deutsche Bank upgraded AT&T (NYSE:T) Monday morning to a “buy” rating from “hold” and lifted its 12-month price target by $1 to $31, essentially calling for about 20% of upside over the next year. The firm argued that Ma Bell should be able to sustain double-digit core earnings growth into...
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Stock Market News for July 27, 2010 - Market News
Tuesday, July 27, 2010 - 9:49am | 569The stock market rally continues. This time it was FedEx’s turn to fuel hopes that the economic recovery is gaining strength. Then, strong earnings reports and improved new home sales did their bit to take the Dow into positive territory for the year and the S&P 500 above a key technical level...
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FedEx (FDX) and Housing Boost Indexes
Monday, July 26, 2010 - 11:33pm | 315FedEx (FDX) and Housing Boost Indexes The indexes have regained their positive trends according the technical indicators on ClearStation.com. Today saw good news in the form of housing starts coming in better than expected (330,000 v. 310,000 expected) and FedEx (FDX) giving a current quarter and...
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Summertime Markets 07-26-2010
Monday, July 26, 2010 - 7:06pm | 787Cusick’s Corner The market is holding key levels of 111 in the SPY. However, we cannot forget that this current trend is happening in July & August, months that have been notoriously slow and have never really been months that signaled a major trend change. At this stage these are trading...
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S&P Closes Above Key Level (SPX, FDX, DJI)
Monday, July 26, 2010 - 5:43pm | 172The S&P 500 (SPX) today finished 12.35 points higher, or 1.12%, to close at 1,115.01 after FedEx (NYSE: FDX) raised its earnings forecast and new home sales came in better than expected. FedEx helped buoy the bulls this morning after raising its first-quarter earnings outlook by 20 cents per...
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Small Caps Adding Support 07-26-2010
Monday, July 26, 2010 - 3:11pm | 742Cusick’s Corner The market is stuck in a grind that’s in the green. There’s no definitive push either way going into the After Hours. The strength of this market is still in the small caps, IWM, which is always encouraging and is adding to support, 1100 on the S&P, to the current uptrend....
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Puts Purchased on C.H. Robinson Worldwide (CHRW)
Monday, July 26, 2010 - 2:33pm | 132Shares of C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) are higher on the session by 1.53%, currently trading at $61.81. The stock has been moving largely higher over the past six months and is trading at a fresh 52-week high today. Options traders are buying protection today, though. The August $60...