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Benzinga's Top Downgrades (NX, AMSC, LULU, JCP)
Friday, October 15, 2010 - 8:11am | 151Quanex Building Products Corporation (NYSE: NX) was downgraded by BB&T Capital from “buy” to “hold.” NX's shares closed at $18.12 yesterday. Quanex's quarterly earnings dipped 85.91% y/y. Deutsche Bank downgraded American Superconductor Corporation (NASDAQ: AMSC) from “buy” to “hold.” AMSC's...
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UFPI Increases Sales by 5% in 3rd Quarter 2010
Wednesday, October 13, 2010 - 4:11pm | 61Universal Forest Products, Inc. (Nasdaq: UFPI) today announced third-quarter 2010 net sales of $480.6 million, compared to net sales of $457.8 million for the same period of 2009. Net earnings for the third quarter of 2010 were $2.6 million, or $0.13 per diluted share, compared to net earnings of...
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Benzinga's Top Pre-Market Losers (DJSP, LLTC, MAS, ADI)
Wednesday, October 13, 2010 - 8:38am | 114DJSP Enterprises Inc (NASDAQ: DJSP) dipped 8.54% to $2.25 in the pre-market session. DJSP's quarterly earnings dipped 82.80% y/y. Linear Technology Corporation (NASDAQ: LLTC) lost 3.99% to $30.30 in the pre-market session. LLTC reported weaker-than-expected Q1 earnings. Masco Corporation (NYSE: MAS...
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Jefferies Initiates a Buy Rating on Owens Corning (OC)
Tuesday, October 12, 2010 - 9:40am | 164Jefferies & Company is out with a research report this morning, where it initiates a Buy rating on shares of Owens Corning (NYSE: OC); it has a $34.00 price target on the stock. The Jefferies analysts said, with the turnaround in the composites segment and positive results in roofing, they...
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Jefferies Initiates a Hold Rating on Masco Corp. (MAS)
Tuesday, October 12, 2010 - 9:27am | 168Jefferies & Company is out with a research report this morning, where it initiates a Hold rating on shares of Masco Corp. (NYSE: MAS); it has a $12.00 price target on the stock. The Jefferies analysts said that they believes Masco is still in the process of strategically rationalizing its vast...
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Housing Market Slowed From Trends Experienced in 2Q10; Tax Credit Expiration and Economic Uncertainty to Blame
Tuesday, October 12, 2010 - 8:49am | 186Morgan Keegan reports that 3Q10 trends in the housing market have slowed from trends experienced in 2Q10 due to the expiration of the tax credit and continued economic uncertainty that affected homeowner spending decisions. “With stimulus spending continuing to provide demand for basic materials,...
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Mad Money Lightning Round: Cramer Likes Verizon (WFC, VZ, AA, MAS, SWK)
Tuesday, October 12, 2010 - 5:22am | 168On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Wells Fargo (NYSE: WFC) as a problematic stock. He added, “I think it's a fantastic bank but the bears are not going to relent. I like it but it's going to be one tough stock to own." Cramer likes Verizon (NYSE: VZ)...
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10 Small-Cap Stocks With No 'Sell' Ratings
Monday, October 4, 2010 - 8:17am | 384BOSTON (TheStreet) -- Here are 10 small-cap stocks that receive "buy" ratings from all analysts who cover them, a reassuring sign for individual investors. Some of the stocks are expected to more than triple in the next 12 months. Below, they are ordered by their projected return, from big to...
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Griffon Announces Closing of Ames True Temper Acquisition for $542
Thursday, September 30, 2010 - 1:39pm | 97Griffon Corporation (NYSE: GFF) today announced the closing of the acquisition of Ames True Temper, Inc. from Castle Harlan Partners IV, a fund of Castle Harlan, Inc., for total consideration of $542 million, subject to certain adjustments, plus related transaction fees and expenses. Ames,...
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
Tuesday, September 28, 2010 - 9:30am | 347Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Acorn Intl Inc (ATV) Aeropostale Inc (ARO) America Movil SAB de CV (AMX) Ameron International Corp (AMN) Boston Pvt Fin Holdings Inc (BPFH) View the entire Zacks #5 Rank List. AMERON INTL CP (AMN): Free Stock Analysis...
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Mad Money Lightning Round: Cramer Likes American Superconductor, Advises Investors To Sell Walgreens (AMSC, USG, AEM, EGO, WFR, WAG)
Friday, September 24, 2010 - 7:28am | 163On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers American Superconductor (NASDAQ: AMSC) as a terrific stock with marvelous technology. He adds, “I like it." For USG Corp (NYSE: USG), he said, “I'm not going to go there with Agnico-Eagle Mines (NYSE: AEM) and...
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UFPI downgraded to Underperform - Analyst Blog
Tuesday, September 21, 2010 - 3:15pm | 558We recently downgraded our rating for Universal Forest Products Inc. (UFPI), a manufacturer and distributor of lumber, composite wood, plastic and other building products, from Neutral to Underperform. We downgrade based on a host of factors including weak second quarter results, huge dependence...
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Housing Starts Surge - Analyst Blog
Tuesday, September 21, 2010 - 11:45am | 1781Housing Starts surged in August, but the good news is probably better toasted with Miller than with Moet. Total housing starts rose 10.5% to an annualized rate of 598,000, well ahead of consensus expectations of just 550,000. However, that was from July starts that were revised down to a rate of...
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Top 4 Stocks In The Appliances Industry With The Highest ROE (SPB, DEER, NPK, LII)
Tuesday, September 21, 2010 - 10:02am | 140Below are the top appliance stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Spectrum Brands Holdings Inc (NYSE: SPB) is 113.42%. SPB's profit margin for the same period is 41.69%. The trailing-twelve-month return on equity at Deer...
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Goldman Reduces Estimates and Price Target For OC
Tuesday, September 21, 2010 - 8:46am | 123Goldman Sachs has recently reduced estimates and the price target for Owens Corning (NYSE: OC), citing a tough roofing market. Owens Corning lowered its 2010 demand expectation for roofing shingles to -10% YoY from flat, resulting from customer inventory reductions, has slowed the business. OC no...