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Benzinga’s Top Upgrades (NTY, MMM, BBG, XEC, ASH)
Wednesday, April 28, 2010 - 11:54am | 165NBTY, Inc (NYSE: NTY) was upgraded by Barclays Capital from “equal weight” to “overweight.” NTY’s shares have slipped 14.47% so far in the year. Barclays Capital upgraded 3M Inc (NYSE: MMM) from “equal weight” to “overweight.” MMM’s quarterly earnings growth is 68.86% y/y. . Analysts at Barclays...
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The Buckingham Research Group Raises Price Target For Tyco International Ltd. (TYC)
Wednesday, April 28, 2010 - 10:44am | 81Analyst Edward Wheeler at The Buckingham Research Group has released an update on Tyco International Ltd. (NYSE: TYC). The company reported its second-quarter results on Tuesday. Following the second-quarter results, the brokerage firm has raised its price target for the company to $52. Meanwhile...
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Market Update – Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Comcast (NASDAQ:CMCSA), WellPoint (NYSE:WLP)
Wednesday, April 28, 2010 - 10:24am | 1377Continuing fears about the debt situation in Greece and Portugal caused stocks in Europe and Asia to fall yesterday; investors continue to perceive these countries’ situations as too risky. According to Citigroup (NYSE: C) executives, as the debt situation worsens many Greek banks are in danger of...
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Stock Market News for April 28, 2010 - Market News
Wednesday, April 28, 2010 - 9:30am | 648U.S. stocks dropped sharply on Tuesday as fears that a deepening debt crisis in Europe would stall a global economic recovery overshadowed solid earnings reports and Goldman’s testimony on the Hill. The Dow average plunged more than 200 points as Standard & Poor’s downgraded Greece’s credit...
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3M To Remain Strong (MMM): Barron’s
Wednesday, April 28, 2010 - 7:20am | 1393M (NYSE: MMM) is in a good position to benefit from the economic rebound. The company recently reported strong first quarter numbers, beating consensus estimates. 3M has also raised its guidance for the full year. The company now expects to increase its sales by 10%-12% during the year, in...
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Ocean Power Technologies Moves Towards Commercial Production (OPTT, GE, VWDRY)
Tuesday, April 27, 2010 - 12:58pm | 211After years of conducting business as a research firm Ocean Power Technologies (NASDAQ: OPTT) announced recently that the company will move forward with commercial production of its largest Aqua Buoy capable of generating 500 kilowatts or enough power 300 homes. This dwarfs its previous 150...
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MMM Upgraded To Buy
Tuesday, April 27, 2010 - 12:18pm | 40Analysts at Sterne Agee upgrade 3M Company (NYSE: MMM) from "neutral" to "buy." Shares of MMM rose 2.23% to $89.39 at 10:17 am. More Analyst Ratings here.
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Markets Fall, Volatility Spikes (F, MMM, DD, VIX)
Tuesday, April 27, 2010 - 12:17pm | 131Volatility has spiked to multi-month highs in trading today as the major averages have come under substantial selling pressure. The catalyst for the selling was a downgrade by Standard & Poor's of Greek ratings to junk and Portuguese ratings to A-minus. The ratings downgrades helped to...
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Earnings Roundup (M, MMM, VLO)
Tuesday, April 27, 2010 - 11:24am | 275Macy's Inc (NYSE: M) has raised its earnings outlook for 2010 to $1.75-$1.80 a share from $1.55-$1.60, while upping its same-store sales growth projections to 3%-3.5% from the previous guidance of 1%-2%. Analysts expect the department store chain to earn $1.77 a share in 2010. M said that it...
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Coca-Cola (NYSE:CCE) Beats Forecasts, 3M Company (NYSE:MMM) Revenue Jumps, and Ford (NYSE:F) Swings To $2.1 Billion Profit
Tuesday, April 27, 2010 - 10:33am | 1015Ford Motor Company (NYSE:F) announced on Tuesday morning that it beat consensus Wall Street estimates. Ford Motor reported that it swung to a 1st quarter profit of $2.1 billion, 50 cents per share, from a loss of $1.4 billion, or 60 cents per share, a year earlier. According to a survey of...
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Stock Market News for April 27, 2010 - Market News
Tuesday, April 27, 2010 - 9:30am | 471U.S. stocks started a busy earnings week on a dull note as worries about financial reform and Greece’s lingering debt concerns hit the broader market. Caterpillar’s (NYSE:CAT) strong earnings report and a flurry of corporate deals gave an initial lift to stocks but financial concerns sent the...
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Company News for April 27, 2010 - Corporate Summary
Tuesday, April 27, 2010 - 9:30am | 218• Texas Instruments (NYSE:TXN), reporting production output at an "all-time high," posted a one penny earnings beat of 52 cents, topping estimates of 51 cents, and improved from last year's $0.01, on revenues of $3.21 billion versus projections of $3.14 billion. The company provided upside current...
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3M Company (MMM) Revenue Jumps 24.7%
Tuesday, April 27, 2010 - 8:24am | 1163M Company (NYSE: MMM) on Tuesday morning released financial results that easily beat Wall Street expectations. 3M Company reported that its 1st quarter net profit jumped to $1.01 billion, or $1.29 per share, up from $563, or 81 cents per share, a year earlier. Excluding special items such as a...
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Stocks To Watch On April 27, 2010 (UPS, DD, F, DWA, MMM)
Tuesday, April 27, 2010 - 7:21am | 168Stocks that may be in focus today are: Wall Street expects United Parcel Service Inc (NYSE: UPS) to have earned $0.74 a share in Q1. UPS gained 0.31% in the after hours session. DuPont (NYSE: DD) is expected to report earnings of $1.06 a share for Q1. Shares of DD gained 0.95% in after hours. Ford...
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ETFs To Watch April 27, 2010 (FXA, SKF, RXL, XLI)
Tuesday, April 27, 2010 - 2:49am | 228Here is the ETF Professor's ETF Watch List for Tuesday April 27, 2010. With earnings reports from DuPont and 3M (NYSE: MMM) coming in before the bell, watch the Industrial Select Sector SPDR (NYSE: XLI). Keep an eye on the Financial Select Sector SPDR (NYSE: XLF) with financial reform in the news...