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Stock Market News for July 26, 2010 - Market News
Monday, July 26, 2010 - 10:21am | 495Fed Chairman Bernanke’s Wednesday assessment that the economic outlook is “unusually uncertain" failed to deter investors and stocks ended the week on a positive note as reassuring news on European banks’ health and a number of upbeat earnings reports gave traders reasons to buy stocks. The euro...
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GE's Naverus Continues to Expand in China (GE)
Monday, July 26, 2010 - 9:52am | 152Naverus, a part of GE Aviation Systems, announced it will begin Required Navigation Performance work at a sixth Chinese airport, Lijiang, that will help improve Air China and Sichuan Airlines access and schedule reliability into the Yunnan Province in China. Naverus will continue work for China...
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GE - party like it's 1999
Friday, July 23, 2010 - 11:03pm | 564Well General Electric (GE) who cut their dividend from $0.31 per share to $0.10 per share in early 2009 has now boosted their pay out to $0.12 per share. This 20% increase brings their dividend back to levels last visited in before the turn of the century. Yes, GE shareholders including myself...
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GE Shares Spiking On Dividend Increase (GE)
Friday, July 23, 2010 - 1:01pm | 34General Electric (NYSE: GE) increased its dividend earlier, going from 10 cents to 12 cents. On that news, General Electric shares are surging to $15.48, up 1.78% on the day.
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Stock Market News for July 23, 2010 - Market News
Friday, July 23, 2010 - 9:21am | 739The market looked down on Wednesday following the statement by the Fed Chairman that the economic outlook is “unusually uncertain." However, optimism returned yesterday riding on favorable corporate earnings and forecasts, better than expected news from the housing market and an upward move in...
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General Electric Stock Analysis
Friday, July 23, 2010 - 3:04am | 638General Electric (NYSE: GE) has been dead money for some time now. The stock is down nearly $40 and down 72.5% over the last 10 years. The company finally reported positive quarterly earnings after two and a half years of declining earnings. The company earned $3.3 billion dollars (30 cents per...
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General Electric Stock Analysis
Friday, July 23, 2010 - 3:04am | 638General Electric (NYSE: GE) has been dead money for some time now. The stock is down nearly $40 and down 72.5% over the last 10 years. The company finally reported positive quarterly earnings after two and a half years of declining earnings. The company earned $3.3 billion dollars (30 cents per...
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Okay--It Looks Like a Rally, But Will it Last
Thursday, July 22, 2010 - 1:31pm | 138Today was a great day to be a bull, and to have your investment funds in the best sectors. After embarking on a precipitous plunge yesterday, stocks were ready to sky-rocket today.A round of upbeat earnings reports from high-profile Dow components provided a nice alibi for the bulls, with traders...
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3M Q2 Results Exceed Expectations; Full Year Guidance Raised
Thursday, July 22, 2010 - 7:56am | 1163M (NYSE: MMM) reports its second-quarter earnings at $1.54 per share, exceeding the consensus of $1.48. MMM’s sales for the quarter came in at $6.7 billion, just scrapping past the Street view of $6.66 billion. 3M has raised its organic sales volume growth for the year to 13%-15%, from the prior...
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Companies Reporting Today (CAT, PM, ETFC, RCL, NYT, UPS, XRX, AXP, MMM)
Thursday, July 22, 2010 - 6:48am | 263Caterpillar Inc (NYSE: CAT) is expected to report its second quarter earnings at $0.83 per share and revenue of $9.6 billion. Phillip Morris International Inc (NYSE: PM) is likely to post its earnings for the second quarter at $0.96 per share on revenue of $6.8 billion. E*Trade Financial Corp (...
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GE Aviation and Its JV Companies Announce $16B in Deals (GE)
Wednesday, July 21, 2010 - 3:52pm | 107GE Aviation along with its joint venture companies, CFM International and the Engine Alliance, have amassed engine and services orders valued at more than $16 billion (USD) at the 2010 Farnborough Air Show. "GE Aviation is excited with the tremendous amount of engine and services orders that...
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Goldman Sachs Options Recommendations (MUR, MGM, AMZN, CAT, SUN, MMM)
Wednesday, July 21, 2010 - 11:31am | 154Goldman Sachs (NYSE: GS) released a report today outlining some potential options trades during earnings season. Here they are: 1. Buy Murphy Oil (NYSE: MUR) calls ahead of earnings 2. Buy-write MGM (NYSE: MGM) ahead of earnings. Buy the shares and sell calls to take advantage of high implied...
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Textron Advances On Upbeat Q2 Results
Wednesday, July 21, 2010 - 10:11am | 87Shares of Textron (NYSE: TXT) are moving up after the company reported upbeat Q2 earnings. TXT’s shares gained 7.19% to $19.38 at 9:44 am. The company reported its Q2 EPS, ex-items, at $0.29, handily beating the Street view of $0.09. TXT has also raised its forecast for earnings from continuing...
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Textron Reports $0.27 Earnings per Share
Wednesday, July 21, 2010 - 9:54am | 81Textron Inc. (NYSE: TXT) today reported second quarter earnings from continuing operations of $0.27 per share, compared to a $0.23 per share loss in last year’s second quarter. Excluding special charges, the company reported income from continuing operations of $0.29 per share, compared to $0.08...
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GE Signs Licensing Agreement for Oil and Gas Compressors (GE)
Wednesday, July 21, 2010 - 9:43am | 82Further expanding its technology presence in India and the region, GE (NYSE: GE) has signed a 10-year licensing agreement with Bharat Heavy Electricals Limited (BHEL) of India. According to the agreement, signed through GE Oil & Gas’ Italian entity Nuovo Pignone, GE’s advanced range of high...