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GM's Akerson: Another Outsider for Detroit
Monday, August 16, 2010 - 11:27am | 219Once again,General Motors has reached outside the auto industry for its top leadership. Former telecom and turnaround executive Dan Akerson will replace telecom exec Ed Whitacre at GM, while Boeing (NYSE: BA) veteran Alan Mulally will continue to run Ford (NYSE: F). Of the Detroit three, only...
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6 Stocks With Dividends Beating Bond Yields
Monday, August 16, 2010 - 9:39am | 576(TheStreet) -- Fixed-income investors may find it hard to justify holding corporate bonds when dividend yields of the same companies offer a higher rate of return for at least the next five years. Corporate bond yields have fallen to the lowest levels in more than a generation. According to...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 2
Monday, August 16, 2010 - 8:00am | 2519Year 4, Week 2 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 72.7% (v 62.5% last week) 21 long bias: 23.2% (v 32.4% last week) 2 short bias: 4.1% (v 5.1% last week) 23 positions (vs 27 last week)...
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Earnings Scorecard: Motorola Inc. - Analyst Blog
Thursday, August 12, 2010 - 1:37pm | 1408The struggling mobile phone manufacturer Motorola Inc. (MOT) reported strong second quarter 2010 results, beating the Zacks Consensus Estimate by 1 cent. The reported quarter’s earnings benefited from growing market traction for its 3G Android-based smartphones. Overall, the analysts’ opinion...
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Bookkeeping: Some Sales at the Open
Thursday, August 12, 2010 - 9:31am | 955These positions will execute first thing in the morning, I am looking to sell off some inventory on the long side, looking at stocks whose charts are at risk and with a gap down open on the index will do some damage. The only question is when the cursory oversold bounce happens will these charts...
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Zacks Analyst Blog Highlights: General Electric, Siemens, Ford, Toyota and BP - Press Releases
Thursday, August 12, 2010 - 9:19am | 2189For Immediate Release Chicago, IL – August 12, 2010 – Zacks.com Analyst Blog features: General Electric (GE), Siemens (SI), Ford (F) Toyota (TM) and BP (BP ). Here are highlights from Wednesday’s Analyst Blog: Trade Deficit Jumps to $49.9B In June, the nation's Trade Deficit jumped to $49.90...
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Jim Cramer Says Some Stocks Are Bound to Find Their Bottom On Thursday
Thursday, August 12, 2010 - 5:17am | 371In an article on CNBC, Mad Money host Jim Cramer said that Wednesday’s sell-off may seem like the end of the world for some. However, “I find it more like an opportunity to buy terrific stocks at lower prices.” Jim advised traders to delve into the market to identify the stocks that may hit the...
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Trade Deficit Jumps to $49.9B - Analyst Blog
Wednesday, August 11, 2010 - 3:10pm | 3461In June, the nation's Trade Deficit jumped to $49.90 billion from $41.98 billion in May, and from just $27.14 billion a year ago. That is an 18.9% rise for the month and a 83.9% increase from a year ago. It is far worse than the expectations which were for the trade deficit to be more or less...
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McDermott Bags $350M Oilfield Deal - Analyst Blog
Wednesday, August 11, 2010 - 2:04pm | 362Energy-focused engineering and construction firm McDermott International (MDR) announced that one of its units has received a water injection system upgradation and enhancement contract from Abu Dhabi Marine Operating Company (also known as ADMA-OPCO). The transaction, valued at approximately $350...
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"New" McDermott Int'l Posts Strong Start 2Q
Wednesday, August 11, 2010 - 10:05am | 82McDermott International (NYSE: MDR) reported a combined operating income of $189.5M which was 25.7% over the Jefferies & Company estimate, showing a 106.4% sequential jump and up 28.3% over this time 2009. 2Q EPS were reported as $0.60 compared to the $0.48 estimated by Jefferies, with GAAP...
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A Peek Into The Market Before The Trading Starts
Wednesday, August 11, 2010 - 9:11am | 457Pre-open movers US stock index futures fell sharply today, as investor confidence dropped following the downgrade of the economic outlook by the Federal Reserve. While futures on the Dow Jones Industrial Average fell 45.00 to 10,620, those on the S&P 500 lost 16.20 to 1,103.50. Meanwhile,...
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Pritchard Equity Reiterates Buy On McDermott International (MDR)
Wednesday, August 11, 2010 - 8:53am | 160Pritchard Equity Research is reiterating its Buy rating and $18 price target on McDermott International (NYSE: MDR) after the company reported strong earnings results yesterday after the bell. In the research note, Pritchard Equity says, "Following MDR’s strong Q2 2010 results and conference call,...
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Which 52-Week-High Stock Will Outperform? (SI, MCD, AZN, MO, DE)
Tuesday, August 10, 2010 - 12:32pm | 372NEW YORK (TheStreet) -- A roster of stocks hit fresh 52-week highs on Monday. By market cap, the largest companies to reach fresh heights were blue chips Siemens (NYSE: SI), McDonald's (NYSE: MCD), AstraZeneca (NYSE: AZN), Altria Group (NYSE: MO) and Deere (NYSE: DE). Which will outperform in the...
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McDermott Misses Post Spin-Off - Analyst Blog
Tuesday, August 10, 2010 - 11:34am | 359Energy-focused engineering and construction company McDermott International (MDR) reported weaker-than-expected second-quarter earnings, hurt by lower sales. Earnings per share, excluding the newly spun-off Babcock & Wilcox Co. (BWC) operations and transaction costs, came in at 35 cents,...
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TransDigm to Acquire Semco - Analyst Blog
Monday, August 9, 2010 - 6:25pm | 711TransDigm Group Inc. (TDG) has announced an all-cash deal to purchase the outstanding equity shares of Semco Instruments Inc. for $73.5 million. The transaction is expected to close in the fourth quarter of 2010 after meeting customary closing conditions. Semco, which has manufacturing bases in...