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Goldman Sachs Suggests Buying Options on Industrials (GE, ETN, IR)
Thursday, May 12, 2011 - 9:22am | 180Goldman Sachs is out with a research report this morning, where it suggests that traders buy options on industrials ahead of next week's Electrical Products Group (EPG) conference in Florida on May 16-18. They also noted that the US Industrial Production data is expected May 17. Goldman analysts...
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Morgan Keegan Maintains Outperform Rating On McDermott
Thursday, May 12, 2011 - 8:34am | 80According to Morgan Keegan, McDermott International (NYSE: MDR) Outperform rating is maintained. Morgan Keegan said that McDermott is performing well in a somewhat challenging environment. “The substantial and improving visibility for future project awards is a further plus. Our positive long-term...
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Earnings Preview for Precision Castparts (PCP)
Wednesday, May 11, 2011 - 2:55pm | 234Precision Castparts (NYSE: PCP) is on tap to report fiscal fourth-quarter 2011 results before the opening bell Thursday, May 12. Analysts are looking for the company to report that earnings grew 13.6% from a year ago to $1.91 per share. That consensus earnings estimate is unchanged in the past 90...
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Recap of Spring Earnings Season 2011
Wednesday, May 11, 2011 - 2:01pm | 360U.S. companies have seen a fairly strong first quarter, complete with earnings gains that surprised many Wall Street analysts. While other quarters in the last few years have seen growth, this most recent period saw revenue growth driving the gains, rather than pure cost cutting. Check out this...
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Options Brief: McDermott International (MDR)
Wednesday, May 11, 2011 - 10:20am | 92Shares of McDermott International (NYSE: MDR) are higher on the session by 2.26%, trading at $23.09. Overall call volume is now running at 4.53x the daily average, with 3% of all calls traded being purchases on the offer. 5,518 contracts have traded on the session so far. McDermott International...
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GE Healthcare Names Two New Executives
Wednesday, May 11, 2011 - 8:35am | 73GE Healthcare today announced two new members of its leadership team. Tom Gentile, currently vice president of GE Aviation's Services division, has been named president and CEO of GE Healthcare's Healthcare Systems division Mike Swinford, currently the Services leader for GE Healthcare's North...
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US Stock Futures Up As Investors Await Macy's Earnings; Gold, Silver Futures Rise
Wednesday, May 11, 2011 - 6:34am | 476US stock futures are higher this morning. Gold and silver futures continued to recover from the last week's losses. Futures on the Dow Jones Industrial Average gained 32 points to 12,732.00 and futures on the S&P 500 stock index rose 3.30 points to 1,357.10. Nasdaq 100 futures surged 3.50...
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Stocks To Watch For May 11 (M, DIS, CSCO, MDR, SYMC)
Wednesday, May 11, 2011 - 2:16am | 250Some of the stocks that may grab investor focus today are: Wall Street expects Macy's Inc (NYSE: M) to report its Q1 EPS at $0.17 on revenue of $5.82 billion. Macy's shares gained 0.84% to $26.55 in after-hours trading. Walt Disney Co (NYSE: DIS) reported a 1% fall in its earnings for the second...
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McDermott International Beats Estimates (MDR)
Tuesday, May 10, 2011 - 4:42pm | 169Shares of McDermott International (NYSE: MDR) are trading higher in the after-hours trade following the release of the company's Q1 earnings results. Currently, shares are higher by 0.97%, trading at $22.80; they closed the regular session higher by 0.36%, at $22.58. McDermott International...
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Three Winning Coal Names For $120 Oil (WLT, BTU, JRCC)
Tuesday, May 10, 2011 - 2:43pm | 217Coal names will no doubt attract more investors as the dollar weakens and the price of oil surges. Below are the three best value coal plays by earnings. Walter Energy - Walter Energy (NYSE: WLT) is by far the best value play in coal, with an EPS of $8 per share. Walter moved up in lock step with...
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3M CEO Says Innovation and International Markets Drive Faster Growth
Tuesday, May 10, 2011 - 1:23pm | 2453M (NYSE: MMM) chairman, president and CEO George W. Buckley told shareholders at the Annual Meeting in St. Paul today that the new innovation heyday for 3M is now, citing simultaneous growth in multiple businesses across the company. “Innovation will always separate you from the pack,” Buckley...
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Siemens Enterprise Communications is Sued by Klausner Technologies for Visual Voicemail Patent Infringement
Tuesday, May 10, 2011 - 11:17am | 45Klausner Technologies, Inc. announced today that it has filed suit against Siemens Enterprise Communications Inc., a joint venture of Siemens AG (NYSE: SI) and the Gores Group, for patent infringement under its U.S. Visual Voicemail patents.
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Market Analysts'Downgrades on 5/10/11- GSIC, JNY, NNBR, PAL, PANL, PHG, RAH, ROSE, SFD, TLB, TSN, VE, ADM, AEO, BASFY, BID, DIOD, GEN
Tuesday, May 10, 2011 - 10:40am | 1286Raymond James downgraded shares of GSI Commerce (GSIC), a provider of e-commerce and interactive marketing services to businesses, from an “outperform” rating to a “market perform” rating. Goldman Sachs downgraded shares of Jones Apparel Group Inc. (JNY) from a “neutral” rating to a “sell” rating...
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GE Capital Signs $30 Million Distribution Finance Programme with Nimbus Boats AB (GE)
Tuesday, May 10, 2011 - 9:34am | 77GE Capital (NYSE: GE) has agreed a distribution finance programme with Nimbus Boats AB, a leading manufacturer of leisure and sports boats, based in Sweden. The arrangement has initially been established for a period of three years and will see GE Capital finance the Nimbus, Paragon and Storebro...
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US Stock Futures Up After China Trade Surplus; All Eyes On Microsoft
Tuesday, May 10, 2011 - 6:38am | 567US stock futures are higher this morning, as China reported stronger-than-expected trade surplus. Microsoft Corp (NASDAQ: MSFT) is reportedly nearing a deal to purchase Internet phone company Skype Technologies. Futures on the Dow Jones Industrial Average gained 39 points to 12,670.00 and futures...