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Famous Short Seller Shorts The Indices As The Market Hits New Highs
Thursday, October 29, 2009 - 12:58pm | 116The Dow, Nasdaq and S&P 500 are currently hitting the highs of the day. The Dow is up 163, S&P 500 is up 20 and the Nasdaq is up 36 points. Famed short seller Doug Kass is using the strength in the market to short the major indices. To put his bearish position on, Doug Kass usually shorts a...
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John Flannery New Chief of GE India
Thursday, October 29, 2009 - 9:39am | 143Jeff Immelt, Chairman and CEO of General Electric Company (NYSE: GE),has appointed a new president and CEO for the company’s Indian operation. John Flannery, the new appointment, will not only further Indian operations, but has a key task - to create a “One GE” approach and make it a truly local...
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Textron (TXT) Announces Q3 Earnings
Tuesday, October 27, 2009 - 8:10am | 144Textron Inc. (NYSE: TXT) reported third quarter 2009 net income of $0.01 per share. Excluding special charges, income from continuing operations was $0.12 per share. Revenues in the quarter were $2.5B, down 27 percent from the third quarter of 2008. Managed receivables at the company’s finance...
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Stocks with the Best Value in the Market (GRMN, ATHR, GE, DOW, NYX, LUFK, BABY, SCVL, DELL)
Monday, October 26, 2009 - 10:34am | 246A short review of the market reveals that the time is ripe to find the best values. There are bargains to be had when you buy into solid companies with falling prices. It is also important that these bargain stocks have little debt and huge amounts of cash. Looking through stocks with good...
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New 52-Week High Stocks (FCX, KMB, MMM, AMP, ALXN)
Thursday, October 22, 2009 - 11:51am | 272Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) touched a new 52-week high at $82.96 in today’s morning trade. Currently the stock is trading at $82.73, up 3.78% on 8.38 million shares. Today, it was upped to buy from hold by Deutsche Bank which lifted its price target to $100 from $72....
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Rebecca Jarvis Leaves CNBC
Wednesday, October 21, 2009 - 10:39pm | 279CNBC's popular host Rebecca Jarvis is no longer CNBC's Rebecca Jarvis. CNBC finally confirmed today that Jarvis has left the station. She was a fan favorite for not only her looks, but also for her knowledge of the financial markets. Jarvis was last seen on CNBC September 18th. There were rumors...
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Speedus Corp's (SPDE) Zargis Cleared as Apple iPhone (AAPL) Developer
Wednesday, October 21, 2009 - 11:23am | 114Zargis Medical Corp., a subsidiary of Speedus Corp. (Nasdaq: SPDE) and a spin-off from Siemens Corporate Research (NYSE: SI) announced that is has been cleared as an Apple (Nasdaq: AAPL) iPhone developer and has begun development of medical diagnostic support software and related peripherals for...
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Cramer Says Buy TER, CY, SI, BAC and Sell EK, DRIV
Tuesday, October 20, 2009 - 6:45am | 165CNBC’s Mad Money Jim Cramer has a bullish call on Teradyne, Inc. (NYSE: TER). Shares of TER have recovered above 250% from its 52-week low of $2.80. Cypress Semiconductor Corporation (NYSE: CY) is another buy call by Cramer. So far this year CY has rallied over 140%. Siemens AG (ADR) (NYSE: SI) is...
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Why Vivendi SA (Public, EPA:VIV) Has To Be Edged Out
Monday, October 19, 2009 - 6:43am | 120If Vivendi SA (Public, EPA: VIV) decides to sell its stake in the NBC Universal, General Electric Co. (GE) will have to pay it $500 million. Vivendi controls a minority stake in the television and movie company NBC Universal. GE currently holds 80% of NBC Universal and Vivendi has a 20% stake in...
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Live Nation’s High Profile Merger Under Scrutiny From the U.S. Justice Department
Friday, October 16, 2009 - 3:57pm | 105Live Nation (NYSE: LYV) and Ticketmaster Entertainment (NASDAQ: TKTM) may need to rethink their proposed merger, with the deal coming under scrutiny from the U.S. Justice Department. The high-profile deal is the first antitrust deal up for review under Obama’s administration. Antitrust chief...
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NBC Universal Finally Showing Some Profit
Friday, October 16, 2009 - 12:55pm | 69This Q3 NBC Universal (NYSE: GE) finally has some good news for its shareholders, because even in a time when the entertainment industry as a whole is facing sharp drops in profits, NBC actually posted a hike in its earnings. On revenues of $4 billion, NBCU posted a $732 million operating profit....
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Bookkeeping: Some Sales
Thursday, October 15, 2009 - 11:13am | 951We have a very obvious gap formed yesterday morning that we have to ask "when" does it get filled? This morning Goldman Sachs (GS) obliterated analyst estimates... surely *I* for one was surprised (ahem). But everyone expected this and the stock did not surge for the 85th out of 93rd session in a...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 10
Monday, October 12, 2009 - 12:53am | 2824Year 3, Week 10 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 72.4% (v 73.8% last week)26 long bias: 22.2% (v 21.1% last week) [includes 1 call option position]5 short bias: 5.4% (v 5.1% last week) 31...
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Target (TGT) Takes Out Ad Advertising Healthy Savings On Flu Essentials
Sunday, October 11, 2009 - 9:28pm | 47This weekend Target Corp. (NYSE: TGT) had a full page newspaper ad devoted to healthy savings on flu essentials. The Target Corp. advertisement included a "Right Response Kit" with gloves, 3M (NYSE: MMM) facemasks and hand sanitizers.
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Time to go short in 3M Company (MMM)
Thursday, October 8, 2009 - 8:16am | 55The 3M Company (NYSE: MMM) stock is facing resistance around $74 levels. The MMM stock has been is witnessing selling on every rise above the resistance levels of $75. Short term traders can short 3M Company (MMM) stock at current levels with a stop loss near $74.5 levels.