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Jefferies Reiterates Hold On Northwest Pipe
Tuesday, November 23, 2010 - 8:07am | 189Jefferies is assuming coverage of Northwest Pipe (NASDAQ: NWPX) and reiterating a HOLD rating. NWPX has restated its financials for 2006-08. It had been delinquent with its filings for a year. Sales trends have improved, but margins are very weak. It expects NWPX's scheduled conference call next...
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Mad Money Lightning Round: Cramer Likes FirstEnergy, Advises Investors To Sell A-Power Energy (KMP, XRX, APWR, FE, TSO, KBR, FLR)
Tuesday, November 23, 2010 - 7:10am | 220On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he is not worried about the dividend of Kinder Morgan Energy Partners (NYSE: KMP). He added, “They have a great 6% yield and I recommend it." For Xerox (NYSE: XRX), he said, "Problematic. I wanted to recommend it lower, but I didn...
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S&P 500 Looks to Stay in 1160-1220 Range 11-22-2010
Monday, November 22, 2010 - 8:46pm | 964Cusick's Corner The market is trading a lot like what the weather looks like going into the holiday week, unpredictable and potentially messy. The current environment spells a consolidation is actively in play, meaning we should have some declines and rallies that look to flow into the first...
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Dycom Announces 2011 First Quarter EPS of $.15
Monday, November 22, 2010 - 5:43pm | 171Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended October 30, 2010. The Company reported: contract revenues of $261.6 million for the quarter ended October 30, 2010, compared to $259.1 million for the quarter ended October 24, 2009, an...
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Monday's Put/Call Ratio Leaders (CVC, FLR, LSI, ESV, ADTN)
Monday, November 22, 2010 - 1:07pm | 90Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Cablevision Systems (NYSE: CVC) 10,088 puts, 103 calls 2. Fluor Corp. (NYSE: FLR) 16,526 puts, 922 calls 3. LSI Corp. (NYSE: LSI) 9,679 puts, 964 calls 4. Ensco PLC (NYSE: ESV) 4,158...
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Options Brief: Fluor Corporation (FLR)
Monday, November 22, 2010 - 11:51am | 80Shares of Fluor Corporation (NYSE: FLR) are lower on the session by 1.11%, trading at $57.07. Overall put volume is now running at 7.80x the daily average, with 27% of all puts traded being purchases on the offer. 16,088 contracts have traded on the session so far. Fluor Corporation is a holding...
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URS Awarded Aircraft Maintenance Services Contract Valued up to $120.5M
Monday, November 22, 2010 - 9:31am | 84URS Corporation (NYSE: URS) today announced that it has been awarded task orders from the Department of Defense to provide maintenance support services for U.S. Navy aircraft at Naval Air Stations in California, Washington and Virginia. The five two-year task orders, which were awarded under URS'...
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Dycom Acquires Assets of Communication Services, Inc. for $9.7M
Monday, November 22, 2010 - 9:02am | 72Dycom Industries, Inc. (NYSE: DY) announced today that pursuant to an asset purchase agreement with Communication Services, Inc. and its affiliates, it has purchased substantially all of CSI's assets, and assumed certain liabilities associated with these assets, for total consideration of...
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Portfolio Update
Thursday, November 18, 2010 - 1:30pm | 182I finally sold off my position in Chicago Bridge & Iron (CBI) and Brookfield Infrastructure Partners (BIP). Both stocks were up nearly 40% since I purchased. CB&I seems fully valued at almost $30 a shares and Brookfield has had a nice run up over the past few months. The 5...
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Portfolio Update
Thursday, November 18, 2010 - 1:30pm | 528I finally sold off my position in Chicago Bridge & Iron (CBI) and Brookfield Infrastructure Partners (BIP). Both stocks were up nearly 40% since I purchased. CB&I seems fully valued at almost $30 a shares and Brookfield has had a nice run up over the past few months. The 5% yield is...
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ESE, ELT And PWR Highlighted In Deutsche Bank's Utility Capex Analysis
Wednesday, November 17, 2010 - 11:18am | 117Key takeaways from Deutsche Bank's study of over 90 utilities (representing $63B in annual capex) include: 1) The overall capex outlook for 2011 has improved (+5% Y/Y vs +1% last quarter). 2) The outlook for transmission spending remains largely unchanged (despite some high-profile push-outs). 3)...
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UBS Raises Price Targets (FDX, JEC, INTU, WMT)
Wednesday, November 17, 2010 - 10:53am | 62UBS raises price targets on the following companies: Wal-Mart (NYSE: WMT) from $60 to $61. Jacobs Engineering Group (NYSE: JEC) from $40 to $43. Intuit (NASDAQ: INTU) from $44 to $51. FedEx (NYSE: FDX) from $105 to $111.
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Sterne Agee Comments On Jacobs Engineering 4Q Earnings
Wednesday, November 17, 2010 - 9:00am | 147Despite coming in just below consensus, Jacob's Engineering Group (NYSE: JEC) reported a solid F4Q10 in Sterne Agee's view with better profitability and book-to-bill at 1.06. However, it continues to be concerned with the outlook for a number of JEC's end markets and that likely better Y/Y...
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More Encouraging FY11 Expected for Jacobs Engineering
Wednesday, November 17, 2010 - 8:50am | 99Jefferies has published its research report on Jacobs Engineering (NYSE: JEC) in which they expect JEC to make a recovery in 2011. Jefferies writes, "Jacobs provided a financial outlook for FY11 with EPS guidance of $2.30-$2.80 ($2.55 midpoint), compared to consensus estimates of $2.58 and our...
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Foster Wheeler Wins UAE Contract - Analyst Blog
Tuesday, November 16, 2010 - 7:00pm | 593Global Power Group, a subsidiary of Foster Wheeler AG (FWLT), won a contract to provide solar steam generator system to a plant located in Abu Dhabi, United Arab Emirates (UAE). The company will be designing and supplying the solar steam generator system for the plant and will also provide...