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Market Roundup (ABT, BAC, UBS, UPS, UNH, HS, HUM)
Friday, February 19, 2010 - 2:12pm | 377According to the chief economist of Bank of America (NYSE: BAC), the Fed's move to raise the discount rate signals that "the financial crisis is largely over." However, some economists feel that the FOMC may soften its "extended period" language at the next meeting, despite assurances to the...
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Top Narrow Based Indexes Today
Friday, February 19, 2010 - 1:29pm | 170The Dow Jones Industrial Average has gained 32 points and is currently trading at 10,425. The best performing narrow based indexes today have been the Air Delivery Stocks, which have gained 1.5%, Department Store Stocks, up 1.2%, and Diversified Utilities, which have appreciated 1.4%. In the Air...
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Benzinga’s Top Downgrades (AAWW, ZNT, XNPT, DEPO, HST)
Thursday, February 18, 2010 - 3:54pm | 202Atlas Air Worldwide Holdings Inc (NASDAQ: AAWW) was downgraded by Maxim Group from “buy” to “hold.” AAWW’s shares fell 0.85% to $39.86 by 1:29 pm. Atlas Air Worldwide Holdings Inc has a 52-week trading range of $9.84-$42.08. Sun Trust Robinson Humphrey downgraded Zenith National Insurance Corp (...
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U.S. Equity Movers & Shakers: (C, CSTR,OMX, TLB)
Wednesday, February 17, 2010 - 8:47pm | 469Bloomberg reported unusual share price movement for the following companies in early trading today. Citigroup, Inc. (NYSE: C) rose 3% to $3.41. Paulson & Co. increased its stake in Citigroup, and sold shares in Bank of America Corp. (NYSE: BAC) in Q4. Coinstar, Inc. (NASDAQ: CSTR), owner of...
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US Equity - Stocks on the move (VCLK, WFMI, PACR)
Wednesday, February 17, 2010 - 6:56pm | 118According to Bloomberg, following shares may see unusual moves in trading today. ValueClick, Inc. (NASDAQ: VCLK) may see a further drop after declining 4.3% yesterday. The Internet advertising company forecasts lower-than-expected earnings of 16 cents a share for the first quarter of 2010. Whole...
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Pacer International (PACR) All Set To Challenge Its 200 Day MA
Wednesday, February 17, 2010 - 1:22pm | 133Pacer International Inc. (NASDAQ: PACR), a freight transportation provider, ended the Q4 with net profit after three successive quarters of losses earlier in the year. Pacer International Inc. (PACR), a small-cap stock, has already scaled above its 20 day MA and 50 day MA in the same session by mid...
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Benzinga’s Top Upgrades (EGP, PBNY, EXPD, UTIW, NYT)
Tuesday, February 16, 2010 - 3:38pm | 216EastGroup Properties Inc (NYSE: EGP) was upgraded by JMP Securities from “market underperform” to “market perform.” EGP has a 52-week trading range of $18.91-$41.31. EGP’s shares have slipped 10.08% over the past three months. Stifel Nicolaus upgraded Provident New York Bancorp (NASDAQ: PBNY) from...
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Benzinga’s Top Upgrades (IR, ADCT, UPS, CSX, SWIR, SE)
Tuesday, February 9, 2010 - 10:54am | 206Ingersoll-Rand (NYSE: IR) has been upgraded by Morgan Stanley from “underweight” to “equal weight.” IR’s last close was at $32.88, while its 52-week range is $11.46 - $37.86. Analysts at CL King upgraded ADC Telecomm (NASDAQ: ADCT) from “accumulate” to “strong buy.” ADCT’s stock has jumped 52.84%...
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United Parcel Service (UPS) Prepares To Furlough Pilots
Monday, February 8, 2010 - 7:13pm | 200United Parcel Service, Inc. (NYSE: UPS) announced plans to furlough at least 300 of its 2,800 pilots. However, United Parcel Service and the Independent Pilots Association (IPA) will continue to look for ways to cut costs in an effort to avoid the work furloughs. "Even though the economy has begun...
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Stock Market News for February 8, 2010 - Market News
Monday, February 8, 2010 - 9:56am | 482Amid growing worries about Europe’s ability to control its public finances and an anemic labor market, stocks posted their fourth straight weekly decline even as the U.S. unemployment rate showed a surprise drop in January. Although stocks managed to stage a late comeback on Friday, after a sharp...
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United Parcel Service, Inc. (UPS) Reports A Solid Fourth-Quarter
Friday, February 5, 2010 - 4:28pm | 158Analyst John R. Mims at BB&T Capital Markets has released an update on United Parcel Service, Inc. (NYSE: UPS). The company reported solid results for the fourth-quarter. UPS reported EPS of $0.75 for the fourth quarter, which is at the high-end of its EPS guidance range of $0.73-$0.75. The...
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Colgate & UPS provide raises
Thursday, February 4, 2010 - 11:16pm | 507Consumer products firm Colgate Palmolive (CL) has hiked it's dividend by 20%, citing a positive outlook. They have doubled their dividend since 2004. Global shipping firm UPS (UPS) has raised it's dividend by 4.4%. That is their first raise since the end of 2007. UPS expects to earn $2.70 - $3....
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Nat Gas Could Cut OPEC Oil Use In Half By 2020
Thursday, February 4, 2010 - 12:56pm | 219T. Boone Pickens, oil tycoon and author of the green energy plan aptly named “The Pickens Plan”, stated earlier today that “the oil crisis is not over”. Mr. Pickens, chairman of the hedge fund BP Capital is spearheading a movement to wean the US off of foreign oil by promoting and investing in...
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Expeditors International Moving Lower On High Volume (EXPD)
Wednesday, February 3, 2010 - 4:20pm | 101Shares of Expeditors International (NASDAQ: EXPD) have lost 2.59% today and are currently trading at $33.89. Yesterday, saw relatively heavy put volume in the options market on EXPD shares. In the last three months, the stock has appreciated around 5%. Over 4.5 million EXPD shares have exchanged...
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Action in C.H. Robinson Heats Up
Wednesday, February 3, 2010 - 11:32am | 203Provider of freight transportation services and logistics solutions, C. H. Robinson (NASDAQ: CHRW) is selling off heavily today, currently down 7.02% though it was down more earlier, on an earnings report that severely disappointed. They reported EPS of $0.52, which missed Street estimates by four...