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Unacceptable Greek Bonds Could Be Euro’s Next Demon
Monday, December 21, 2009 - 7:03pm | 169The US Dollar has had another good day by forcing the EURUSD down to its present value of 1.4270 and the USDYEN to highs of 91.20. The greenback gained support from traders taking profits before the year end as well as the market perceiving that a stronger US recovery could warrant higher US...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 20
Monday, December 21, 2009 - 9:42am | 2711Year 3, Week 20 Major Position ChangesTo see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.Cash: 78.4% (v 80.7% last week)23 long bias: 18.9% (v 17.0% last week) 3 short bias: 2.7% (v 2.3% last week) [includes 1 option position]26...
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Opportunity In Foster’s (FWLT) Management Transition
Friday, December 18, 2009 - 4:14pm | 112Foster Wheeler’s (NASDAQ: FWLT) announcements on management transition and operational relocation may come as a surprise but Barclays thinks any related pullback should be viewed as a buying opportunity. Robert Flexon is slated to succeed the current CEO Milchovich in January and the operational...
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Top 5 Mid-Cap Stocks with Lowest PEG Ratio (TDW, MIR, ENH, FWLT, RNR)
Friday, December 18, 2009 - 8:22am | 191Below are the top 5 mid-cap stocks on the NYSE and the NASDAQ in terms of lowest PEG ratio. The PEG ratio for Tidewater Inc (NYSE: TDW) is 0.15. TDW’s market capitalization is $2.4 billion. TDW’s trailing-twelve-month operating margins are 26.94%. The PEG ratio for Mirant Corporation (NYSE: MIR) is...
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AECOM (ACM) Is A Good Pick Among Infrastructure Stocks
Monday, December 14, 2009 - 2:08pm | 72AECOM Technology Corporation (NYSE: ACM) was given a Buy recommendation by Bank of America Merrill Lynch. Bank of America attributed the rating to 1) Its view that AECOM is the best name to get exposure to global infrastructure market 2) AECOM has a strong track record of making strategic and...
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Bookkeeping: Restarting Stakes in Insituform Technologies (INSU) and American Superconductor (AMSC)
Monday, December 14, 2009 - 1:24pm | 923I am going to restart smallish stakes in 2 companies we've previously owned. We mentioned American Superconductor (AMSC) last week but a longer version of what the company is about is here. [Jun 10, 2008: American Superconductor (AMSC) with $450 Million Follow up Order from China] Much like A-...
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Quanta (PWR) All Set To Win Big Contracts In 2010
Friday, December 11, 2009 - 2:49pm | 118CNN gave its top 10 picks for 2010. Here’s a report. CNN picked Quanta Services, Inc. (NYSE: PWR) as one of the top 10 stocks to be watched out for in 2010. CNN noted that Quanta Services, the largest contractor in the US electric power market, will benefit as the government is set to spend...
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Benzinga’s Top Pre- Market Losers (DEER, NLST, ACGY, DNDN, STRL, XING)
Friday, December 11, 2009 - 9:49am | 303Deer Consumer Products, Inc. (NDA) (NASDAQ: DEER) has plunged 24.24% to $11.90 after Deer Consumer announced the pricing of a public offering of 6 million shares of its common stock at a price of $11.00 per share. The 52-week trading range for DEER is $0.46 - $18.97. In the last trading session,...
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Benzinga's Earnings Preview (CASY, BTH, CMM, PBY, LAYN, KMGB)
Monday, December 7, 2009 - 6:13am | 196Casey's General Stores, Inc. (NASDAQ: CASY) is expected to report second-quarter earnings of 60 cents a share on revenue of $1.2 billion. Friday, CASY closed at $30.77. Blyth, Inc. (NYSE: BTH) is projected to report third-quarter earnings of 28 cents a share on $218.93 million of revenues. In...
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Fluor (FLR) Strong Yet Underperformer, Says Merrill Lynch (SRIB) Analysts
Wednesday, December 2, 2009 - 3:08pm | 134A Merrill Lynch (NYSE: SRIB) research report released today has maintained the Underperformer rating on Fluor (NYSE: FLR). Fluor’s management expects 4Q09 to see an improvement in new orders, aided by a huge mining win. The Government is another key growth opportunity. Fluor’s broad geographic and...
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Benzinga’s Top Upgrades (CHSI, EME, GIL, MDC, SYY, ARRS, RFMD)
Wednesday, December 2, 2009 - 11:04am | 298Catalyst Health Solutions, Inc. (NASDAQ: CHSI) was today upgraded by BMO Capital Markets from Market perform to Outperform at a price target of $40. CHSI is now trading at $35.74, 3% up in the morning trading hours. CHSI made a new 52 week high at $35.97. So far in the current year, CHSI is up over...
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5 Top Mid-Cap Stocks with Lowest PEG (TDW, MIR, ENH, FWLT, RNR)
Wednesday, December 2, 2009 - 8:11am | 137Below are interesting mid-cap stocks on the NYSE and NASDAQ that have lowest PEG ratio. Tidewater Inc (NYSE: TDW) has a market capitalization of $2.37 billion and a PEG ratio of 0.14. The twelve month trailing EPS of TDW is $7.17. Mirant Corporation (NYSE: MIR) has a market capitalization of $2.07...
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Jacobs Engineering Lands $99 Million FAA Contract
Tuesday, December 1, 2009 - 3:48pm | 86Jacobs Engineering Group (NYSE: JEC), the engineering and industrial firm, said it landed a $99 million contract from the Federal Aviation Administration (FAA) to design a new navigation program with a focus on facilities in Puerto Rico and Guam. The FAA's EnRoute Facilities Planning and...
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Great Lakes Dredge & Dock: Solid Outlook For 2010
Tuesday, December 1, 2009 - 9:33am | 159Barclays Capital maintains their “2-Equal Weight” rating for Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) as it believe Great Lakes should continue to benefit from a strong U.S. dredging market for the rest of 2009 and into 2010. The price target set to $7.00. Analysts express their...
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Don't Build Up This Weak ETF (PKB)
Saturday, November 28, 2009 - 8:37pm | 140There are still plenty of reasons to be apprehensive about investing in the construction and infrastructure sectors and that's why the ETF Professor is advocating taking a look at the PowerShares Dynamic Building & Construction ETF (NYSE: PKB) as a possible short play. PKB holds familiar names...