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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Friday, July 8, 2011 - 12:59am | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 7:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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Under The Hood: A Constructive Construction Play?
Thursday, July 7, 2011 - 3:00pm | 457As has been said so many times in the past, the exchange traded products universe has grown so rapidly that there are bound to be a few ETFs and ETNs that fly under the radar. That's the lay of the land and that's the point of “Under The Hood”: To unearth some hidden ETF gems that aren't getting a...
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Top 4 Large-Cap Stocks In The Conglomerates Industry With The Highest Cash
Thursday, July 7, 2011 - 12:31am | 140Below are the top large-cap conglomerates stocks on the NYSE and the NASDAQ in terms of cash. General Electric Company (NYSE: GE) had $82.17 billion in total cash and $466.69 billion in total debt for the latest quarter. E.I. du Pont de Nemours and Company (NYSE: DD) had $4.82 billion in total...
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Solar Topps Reaches Two Megawatt Solar Supply Agreement With Power-One
Wednesday, July 6, 2011 - 10:37am | 827Solar Topps, a fast-growing solar installation company in Arizona, recently announced a supply agreement with Power-One Inc. (Nasdaq: PWER), a photovoltaic inverter manufacturer similar to companies like Emerson Electric Co. (NYSE: EMR) or General Electric Company (NYSE: GE). Solar Topps (http://...
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Options Brief: Textron
Tuesday, July 5, 2011 - 2:11pm | 73Shares of Textron Inc. (NYSE: TXT) are lower on the session by 4.34%, trading at $22.90. Overall call volume is now running at 2.09x the daily average, with 64% of all calls traded being purchases on the offer. 4,049 contracts have traded on the session so far. Textron Inc. is a multi-industry...
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Scotia Capital Maintains Sector Perform on Walter Energy
Tuesday, July 5, 2011 - 9:09am | 79Scotia Capital is out with its report today on Walter Energy (NYSE: WLT), maintaining Sector Perform. In a note to clients, Scotia Capital writes, "We maintain our 2-Sector Perform rating and US$150 one-year target price. We do not expect any material alterations to Walter Energy's operating...
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Friday's Mid-Day Options Volume Leaders
Friday, July 1, 2011 - 12:41pm | 83Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 101,320 contracts, 48.0% calls, 52.0% puts 2. Las Vegas Sands (NYSE: LVS) 75,991 contracts, 86.0% calls, 14.0% puts 3. Eastman Kodak (NYSE: EK) 67,748 contracts, 61.4% calls, 38.6% puts 4. General Electric (NYSE: GE) 56,...
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Walter Energy Spikes on Takeover Rumors
Friday, July 1, 2011 - 9:53am | 29Hearing positive chatter circulating in shares of Walter Energy (NYSE: WLT) regarding a potential buyout in the $195-205 per share range.
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Deutsche Bank Maintains Buy on 3M
Friday, July 1, 2011 - 9:04am | 131Deutsche Bank is out with its report today on 3M (NYSE: MMM), maintaining Buy. In a note to clients, Deutsche Bank writes, "Just as the completion of the transcontinental railroad in 1869 ushered in a new era of growth and prosperity for the US (and marked by the driving in of the 'Golden Spike...
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Brean Murray Discusses Departure Of Walter Energy CEO
Friday, July 1, 2011 - 7:48am | 52Brean Murray is out with a research report on Walter Energy (NYSE: WLT), as the company's CEO unexpectedly resigned yesterday. It has a Buy rating and a $156 price target on shares. Shares of WLT are down 95 cents in pre-market trading to $114.85, a loss of 0.82%.
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Goldman Sachs Reiterates Buy and PT of $140 on Walter Energy
Friday, July 1, 2011 - 6:27am | 59Goldman Sachs reiterated its Buy rating on Walter Energy (NYSE: WLT). At the same time, Goldman left its price target on the company's stock unchanged at $140. On Thursday, Walter added 1.27% to its value to finish the day at $115.80. Its shares lost some of yesterday's gains in today's pre-market...
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BMO Provides Color on Walter Energy
Friday, July 1, 2011 - 5:57am | 158BMO provided color on Walter Energy (NYSE: WLT), following a resignation of its CEO Keith Calder. In a research report published today, BMO states, “Walter Energy announced that Keith Calder resigned as CEO and director, effective July 31, 2011, just five months after being named CEO. Calder...
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Walter Energy Announces Resignation of CEO Keith Calder
Thursday, June 30, 2011 - 5:02pm | 86Walter Energy (NYSE: WLT) announced today that Keith Calder has tendered his resignation as Chief Executive Officer and a director, effective July 31, 2011. The Board has named Board member Joseph B. Leonard to succeed Mr. Calder as Interim Chief Executive Officer at that time. Mr. Leonard...
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Textron Inc. Announces its 4.5% Convertible Senior Notes Due 2013 to Remain Convertible at Holder's Discretion
Thursday, June 30, 2011 - 4:34pm | 184Textron Inc. (NYSE: TXT) announced today that its 4.5% Convertible Senior Notes due 2013 will remain convertible at the option of the holders through September 30, 2011, the last trading day of the third calendar quarter, as provided in the Indenture, dated as of September 10, 1999, between Textron...