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Companies Reporting Today (CAT, PM, ETFC, RCL, NYT, UPS, XRX, AXP, MMM)
Thursday, July 22, 2010 - 6:48am | 263Caterpillar Inc (NYSE: CAT) is expected to report its second quarter earnings at $0.83 per share and revenue of $9.6 billion. Phillip Morris International Inc (NYSE: PM) is likely to post its earnings for the second quarter at $0.96 per share on revenue of $6.8 billion. E*Trade Financial Corp (...
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15 COMPANIES WITH NO DEBT
Thursday, July 22, 2010 - 2:00am | 169In these times of high debt and deleveraging it’s unusual to come across companies that aren’t in over their head. CNBC recently ran a piece listing some of the largest firms in the world who have immaculate balance sheets – NO DEBT. The list follows: 1. Novell (NOVL) 2. Expeditors...
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UPS Remains Strongly Undervalued
Tuesday, July 20, 2010 - 9:04am | 205Analysts at Piper Jaffray reiterate their "overweight" rating on United Parcel Service (NYSE: UPS), while raising their estimates for the company. The target price for UPS is set to $79. According to Piper Jaffray, UPS is to announce its 2Q10 EPS on Thursday, July 22. “International airfreight...
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Jacobs Receives Contract From Dow for European Copolymer Manufacturing Facility (JEC)
Tuesday, July 20, 2010 - 8:01am | 76Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from The Dow Chemical Company (Dow) to provide engineering and construction management services for the expansion of its facility in Fombio, Italy. The expansion will accommodate the manufacturing of uniform...
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Stock Market News for July 19, 2010 - Market News
Monday, July 19, 2010 - 9:46am | 497Consumers’ growing pessimism about the economic recovery shook investors’ confidence on Friday, sending major averages off at least 2%, even as some companies reported better-than-anticipated quarterly numbers. Financials led on the downside after some big names from the sector posted weaker-than-...
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All it takes is one bad day and advantage goes to the bears
Sunday, July 18, 2010 - 10:14pm | 1627Friday stocks staged another retreat just when bulls were looking for upside follow-through. Instead of a nice push above the 50-day moving average, confirming the bullish trend, we got a 3% drop that wiped out more than a week's worth of gains. Now, charts are shaping to show lower highs and lower...
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A Look Ahead at Earnings Next Week
Friday, July 16, 2010 - 2:23pm | 970With the S&P 500 grasping at 1070, and yet another "90% day" as the student body has run back to the left ("risk off" stampede), let's take a look ahead at the key reports next week; both for the greater market and what we have our eyes on. The next 3 weeks are the heart of the earnings season...
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Benzinga’s Volume Movers (JST, PLCM, MAT, PKOH)
Friday, July 16, 2010 - 2:11pm | 187Some of the stocks that were down on unusual volume are: Jinpan International Limited (NASDAQ: JST) shares lost 22.21% to $11.10 at 12:44 pm. The volume of JST shares traded was 743% lower than normal. JST reported lower-than-expected preliminary Q2 results and lowered its forecasts for FY10....
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Hub Group Seeing Strong Volume And Leverage
Friday, July 16, 2010 - 10:40am | 200Analysts at Piper Jaffray reiterate their “overweight” rating on Hub Group Inc (NASDAQ: HUBG), while raising their estimates for the company. Piper Jaffray mentions, “Class I Rail intermodal volumes grew 16.7% y-o-y during 2Q10 up from 8.0% during 1Q10 on similar year ago comps (vols were down 18....
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Can Priceline’s (PCLN) rally continue?
Friday, July 16, 2010 - 8:13am | 1810Back in early June, we looked at a bullish (a January bull put spread) and bearish strategy (an October bear call spread) in priceline.com (NASDAQ:PCLN). These strategies came on the heels of an upgrade to “buy” from “hold” at Keybanc. The stock was trading at $185.01 then; now it’s at $220.67. So...
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Downside Purchased on C.H. Robinson (CHRW)
Wednesday, July 14, 2010 - 2:50pm | 144Shares of C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) are higher on the session by 0.84%, currently trading at $58.50. The stock has been moving largely higher over the past five months after a steep sell off in February. Options traders are bracing for downside in the name today by buying puts....
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Press Release From Expeditors International (EXPD)
Wednesday, July 14, 2010 - 1:48pm | 112Expeditors International of Washington (NASDAQ: EXPD) in a press release pre-reported EPS guidance in the range of $0.38-$0.40, well above the $0.30 consensus estimate of PiperJaffray. The management cited increased volume, enhanced productivity and favourable FX as the drivers of this upsurge....
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Expeditors International Rises On Upbeat Q2 Forecasts
Wednesday, July 14, 2010 - 10:25am | 85Shares of Expeditors International of Washington Inc (NASDAQ: EXPD) are rising after the upbeat Q2 outlook. EXPD’s shares moved up to settle at $39.88 at 10:21 am EDT, reflecting a 7.32% gain. EXPD has issued Q2 earnings forecast above the estimates on growth in freight volume. Expeditors...
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Bank of America (BAC) option trading strategies for bulls and bears
Wednesday, July 14, 2010 - 9:25am | 1800Brokerage firm Susquehanna issued a slew of new ratings in the financial sector on Tuesday, with “positive/buy” ratings for some and “neutral” ratings for others. Bank of America (NYSE:BAC) earned a “positive” rating and moved higher on the day (the broad-market rally didn’t hurt matters). The...
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Calls Sold on Expeditors International (EXPD)
Wednesday, July 7, 2010 - 11:37am | 141Shares of Expeditors International of Washington (NASDAQ: EXPD) are higher on the session by 0.82%, currently trading at $34.31. The stock has been trading largely lower over the past three months, off from recent highs near $42.50. Options traders are selling upside on the name today, betting...