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McDermott Misses on Top and Bottom Lines (MDR)
Monday, August 9, 2010 - 4:41pm | 138McDermott International Inc. (NYSE: MDR) reports Q2 EPS of $0.32 versus estimates of $0.43. McDermott International Inc. reports Q2 revenues of $1.33 billion versus estimates of $1.43 billion. "McDermott's performance in the second quarter of 2010 was an excellent beginning as the Company moves...
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ITW Hikes Dividend Rate - Analyst Blog
Monday, August 9, 2010 - 2:42pm | 542Illinois Tool Works Inc.’s (ITW) Board of Directors approved a 10.0% hike in the company’s quarterly dividend rate. The revised quarterly rate now stands at 34 cents per common share compared with 31 cents previously, resulting in an annual rate of $1.36 per common share. The revised dividend will...
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GE in Utility Privatization Project - Analyst Blog
Monday, August 9, 2010 - 2:41pm | 711GE Intelligent Platforms, a part of General Electric (GE), will be working on the Alaska Utility Privatization Project being developed by Doyon Utilities LLC. The project will use GE’s Proficy Process Systems, providing productive and flexible power generation solution. Doyon has received this...
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Morgan Keegan Has $63 Target On Teleflex After Meeting With Management (TFX)
Monday, August 9, 2010 - 8:58am | 206Morgan Keegan is keeping its $63 price target on shares of Teleflex Incorporated (NYSE: TFX) but is lowering its earning estimates after meeting with company management to discuss growth initiatives by the company. It rates shares at Market Perform. In a note to clients Morgan Keegan writes, "We...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 1
Monday, August 9, 2010 - 8:29am | 2565Year 4, Week 1 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 62.5% (v 79.6% last week) 24 long bias: 32.4% (v 17.8% last week) 3 short bias: 5.1% (v 2.6% last week) 27 positions (vs 17 last week)...
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Eclipsys Glides on Higher Sales - Analyst Blog
Saturday, August 7, 2010 - 6:31am | 696Eclipsys Corporation’s (ECLP) second-quarter fiscal 2010 adjusted earnings of 16 cents per share outshone the Zacks Consensus Estimate of 10 cents while matching the year-ago earnings. Adjusted earnings exclude special items such as restructuring charges, merger costs, amortization and adjustments...
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Santander on Acquisition Spree - Analyst Blog
Wednesday, August 4, 2010 - 10:25am | 688Spain’s Banco Santander SA (STD) is on an acquisition spree. According to a report in Financial Times, the company has a number of acquisitions lined up in both the U.S. and the U.K. The Spanish banking giant is set to acquire 318 branches from the Royal Bank of Scotland Group plc (RBS) in the U...
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Mad Money Lightning Round: Cramer Says PCL Is Terrific But Weyerhaeuser Is Even Better
Wednesday, August 4, 2010 - 8:53am | 319In his Tuesday’s "Mad Money Lightning Round," Jim Cramer said that he likes CoreLogic (NASDAQ: CLGX). CLGX is a terrific company and it’s a good stock to own. CLGX gained 1.47% in after hours. When asked about Valero Energy (NYSE: VLO), Jim mentioned, "I don't want to one a pure play on refining....
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Mad Money Lightning Round Recap (VLO, SUN, PCL, WY, PSO, PHG, NUE, AKS, X, RRC, CLGX)
Tuesday, August 3, 2010 - 8:03pm | 411On CNBC's Mad Money Lightning Round, Jim Cramer said that he doesn't like Valero Energy Corporation (NYSE: VLO), because he doesn't want to own a pure refiner. If he had to own a refiner, he would buy Sunoco, Inc. (NYSE: SUN). Valero Energy Corporation (VLO) gained 3.33% today, and Sunoco (SUN)...
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Emerson Outperforms, Raises Outlook - Analyst Blog
Tuesday, August 3, 2010 - 1:49pm | 926Emerson Electric Co.'s (EMR) third quarter 2010 earnings surprised on the Zacks Consensus Estimate on the bottom line. Earnings per share from continuing operations of 78 cents increased 53% year over year and was also above the Zacks Consensus Estimate of 68 cents. In the last quarter, Emerson had...
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Morgan Keegan Reiterates Market Perform Rating on Teleflex (TFX)
Tuesday, August 3, 2010 - 10:36am | 139Morgan Keegan is out with a research report this morning, where it reiterates its Market Perform rating on Teleflex Inc. (NYSE: TFX); it has a $63.00 price target on the stock. The MK analysts said that, on a recent conference call with management, Teleflex gave an update on its business, with...
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Top Performing Industries For August 2 (WLT, MTL, FTK, DAL)
Monday, August 2, 2010 - 2:57pm | 214At 2:10 pm, the Dow gained 1.80% to 10,654.32, the broader Standard & Poor's 500 index moved up 1.97% to 1,123.33 and the NASDAQ composite index rose 1.65% to 2,292.01. The industries that are driving the market today are: Industrial Metals & Minerals: This industry jumped 4.35% by 2:10 pm...
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GE Capital is Co-Collateral Agent in $100 Million Exit Financing
Monday, August 2, 2010 - 1:48pm | 89GE Capital (NYSE: GE), Restructuring Finance today announced it is co-collateral agent in a $100 million plan of reorganization credit facility to Neenah Enterprises, Inc. The loan supports the company’s pre-packaged exit from bankruptcy protection. GE Capital Markets served as joint lead arranger...
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Wunderlich’s Entertainment Review (SNE, GE, CMCSA)
Monday, August 2, 2010 - 1:29pm | 282Wunderlich Securities is out with their weekly entertainment review this morning, where they review several movies currently at the box office. • Inception: Warner Bros. and Legendary sci-fi project fell only 36% in its third weekend to gross $27.5 mm. This comes after generating the highest...
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MDR’s Shares To Fall To Reflect Spin Off Of B&W
Monday, August 2, 2010 - 1:06pm | 268Analysts at Citigroup reiterate their "buy" rating on McDermott International Inc (NYSE: MDR). The target price for MDR is set to $30.50. Citigroup says, “As previously discussed, we expect a fair amount of volatility for the shares of both B&W and J. Ray. This viewpoint suggests that post spin...