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Morgan Keegan Reiterates Market Perform Rating on Simpson Manufacturing (SSD)
Thursday, July 1, 2010 - 12:04pm | 314Morgan Keegan is out with a research report this morning, where it reiterates its Market Perform rating on Simpson Manufacturing Co. (NYSE: SSD); it has a $27 to $29 price target on the stock. The MK analysts said, “SSD announced that it has reached an agreement to sell its DuraVent operations to...
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Trade Setups for June 28, 2010
Monday, June 28, 2010 - 8:13am | 137Unlike last Monday, the market is fairly calm heading towards the open. We have one report coming out at 8:30am ET, and that is the Personal Income and Outlays. Remember that all eyes are going to be focused on the employment number due out on Friday. In case I forgot to mention it on Friday, I...
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Trade Setups for June 25, 2010
Friday, June 25, 2010 - 9:08am | 305Alright folks, things were pretty quiet around here yesterday due mainly to me being a bit sidetracked by the selling action we got in the markets, and also by the fact that I am working on building a new trading computer (amazing how much money you can save by building it on your own) that once it...
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Earnings, Economic Data, and the Housing Sector: A Fast Money Post-Mortem
Thursday, June 24, 2010 - 7:49am | 2191On Wednesday’s episode of Fast Money on CNBC, there were a ton of topics discussed and I wanted to clarify my thoughts and elaborate here (especially for topics I didn’t get to address in full on the air). With the third-quarter earnings season ahead of us, let’s take a moment to reflect on the...
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Stocks To Watch For June 22 (WAG, CCL, ADBE, APOG)
Tuesday, June 22, 2010 - 6:53am | 155Some of the stocks that may grab investor focus today are: Wall Street expects Walgreen (NYSE: WAG) to report its Q3 earnings at $0.59 per share. WAG’s shares gained 0.20% to $30.20 in after-hours trading. Analysts are expecting Carnival (NYSE: CCL) to have earned $0.29 per share in the second...
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Statoil Swaps Field Interest - Analyst Blog
Monday, June 21, 2010 - 11:33am | 316Statoil ASA (STO) and Marathon Petroleum have entered into a swapping of licence share agreement for better development and operation of the North Sea Gudrun field. Recently, Statoil got the licence from the Norwegian government with a 46.8% interest. Marathon’s interest was 28.2% and another...
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A New North Sea Field for Statoil - Analyst Blog
Friday, June 18, 2010 - 12:33pm | 365Statoil ASA (STO) has added another feather to its cap with the green signal from the Norwegian government for development and operation of its North Sea Gudrun field. Approximately $3.6 billion Gudrun development plans include drilling of seven production wells and the process of onward...
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Standpoint Research Downgrades AAON
Friday, June 18, 2010 - 12:12pm | 142Standpoint Research has downgraded shares of AAON, Inc. (NASDAQ: AAON) from Buy to Hold. Since the recommendation on November 12, 2009, AAON shares have outperformed the S&P by around 2200 basis points, with a 25% gain in a market that is up around 3%. Standpoint believes that the shares are...
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Piper Jaffray Worried about Lumber and Housing Data (APOG, BECN, POOL, ASTE)
Friday, June 18, 2010 - 9:26am | 397Piper Jaffray is out with an analyst note this morning, where they express concern about the recent negative housing data and lumber weakness. They said, “While the fall off in residential permits and starts post tax credit was expected, some of the data has been weaker than expected as housing...
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Stephens Upgrades SSD To Overweight
Thursday, June 10, 2010 - 6:35am | 52Analysts at Stephens Inc upgrade Simpson Manufacturing Co Inc (NYSE: SSD) from "equal weight" to "overweight." The target price for SSD is set to $35. SSD’s shares soared 2.49% to close at $26.34 yesterday. More Analyst Ratings here
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Puts Purchased on Griffon Corp. (GFF)
Wednesday, June 9, 2010 - 12:10pm | 123Shares of Griffon Corp. (NYSE: GFF) are higher on the session by 10.91%, currently trading $11.59. The stock has been drifting lower over the past eight weeks and is trading below both the 50-day and 200-day moving averages. Options traders are grabbing protection on the name, taking advantage of...
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Stocks To Watch For June 8 (DG, NCS, MBT, BOBE, TLB)
Tuesday, June 8, 2010 - 6:50am | 186Some of the stocks that may grab investor focus today are: Wall Street expects Dollar General (NYSE: DG) to post an EPS of $0.34 for the first quarter. DG’s shares gained 1.44% to $29.65 in after hours trading. The analysts are expecting NCI Building Systems (NYSE: NCS) to have made a loss of $0.54...
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Statoil to Expand at Snohvit - Analyst Blog
Monday, June 7, 2010 - 10:30am | 285Statoil ASA (STO), Norway-based major international integrated oil and gas company, is planning to expand the Snohvit liquefied natural gas project in northern Norway. Management said that feasibility studies for commerciality of a second liquefaction train for Snohvit have recently resumed. ...
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Lumber Prices Have Crashed On Weak Outlook For Builders (WY, LUK, MAS, LPX, IP, FBR, TOL, KBH, LEN, PHM))
Friday, May 28, 2010 - 10:14am | 246On May 17th and May 25th, the Chicago Mercantile Exchange stopped trading in lumber futures because the contract price had fallen by the maximum allowable amount of $10. On the 25th, lumber was halted at a price of $225/thousand board feet, which is the price that the contract opened at again this...
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Puts Purchased on Owens Corning (OC)
Wednesday, May 26, 2010 - 11:41am | 131Shares of Owens Corning (NYSE: OC) are higher on the session by 3.58%, currently trading $32.66. The stock been a relative outperformer over the past few weeks and the stock is still trading above the 50-day moving average. Options traders are buying some protection in the name today with the June...