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Trading Plan for July 21, 2010
Wednesday, July 21, 2010 - 7:24am | 394Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), SCHN (44.33), NSIT (14.79) BIAS: 106% Short Economic...
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Textron Posts Better-Than-Expected Q2 Results; Ups Guidance
Wednesday, July 21, 2010 - 7:03am | 153Textron (NYSE: TXT) has reported its Q2 EPS, ex-items, at $0.29, handily beating the Street view of $0.09. TXT’s revenues for the quarter came in at $2.7 billion versus the consensus expectations of $2.49 billion. Textron President and CEO Scott C. Donnelly said in a statement, "Solid...
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Textron Q2 Results Handily Beats Street Expectations
Wednesday, July 21, 2010 - 6:52am | 83Textron (NYSE: TXT) has reported its Q2 EPS, ex-items, at $0.29, handily beating the Street view of $0.09. TXT’s revenues for the quarter came in at $2.7 billion, versus the consensus expectations of $2.49 billion. Textron has raised its finance receivables liquidations projections for 2010 to $2...
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Mad Money Lightning Round: Jim Thinks CRUS Will Be Among The Biggest Winners After AAPL
Wednesday, July 21, 2010 - 6:10am | 277In his "Mad Money Lightning Round" on Tuesday, Jim Cramer said that Cirrus Logic (NASDAQ: CRUS) is going to be one of the biggest winners after Apple (NASDAQ: AAPL). According to him, CRUS could double in value. CRUS fell 4.24% in the after hours trading. When asked about Walter Industries (NYSE:...
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My Best Picks Over The Past Month
Tuesday, July 20, 2010 - 3:27pm | 193US Steel (X) has had a nice bounce since I recommended that investors pick up shares in the mid $30’s at the beginning of the month. Shares are up $7 giving investors an 18% gain. Back on June 25th I recommended that investors get long Research In Motion (RIMM) when shares hit the $40’s. Shares...
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My Best Picks Over The Past Month
Tuesday, July 20, 2010 - 3:27pm | 193US Steel (X) has had a nice bounce since I recommended that investors pick up shares in the mid $30’s at the beginning of the month. Shares are up $7 giving investors an 18% gain. Back on June 25th I recommended that investors get long Research In Motion (RIMM) when shares hit the $40’s. Shares...
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Late Market Roundup (PETS, AAPL, GE)
Monday, July 19, 2010 - 2:34pm | 296Shares of PetMed Express Inc (NASDAQ: PETS) dipped about 7% after the company reported an 11% drop in its FQ1 profit and a 3.6% fall in sales. The company posted its profit at $0.32 per share, short of the Street view of $0.38 per share. According to Menderes Akdag, PETS’ President and Chief...
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Mid-Day Market Movers (ATAC, CYPB, TKS, EDMC)
Monday, July 19, 2010 - 1:17pm | 141ATC Technology Corporation (NASDAQ: ATAC) jumped 38.96% to $24.22 at 10:33 am. ATAC has agreed to be acquired by Genco Distribution System Inc for $512.6 million in cash. Cypress Bioscience Inc (NASDAQ: CYPB) climbed 33.60% to $3.34. Ramius LLC has offered to acquire all the outstanding shares of...
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J.P. Morgan Maintains Overweight Rating On General Electric (GE)
Monday, July 19, 2010 - 12:05pm | 131J.P. Morgan (NYSE: JPM) analysts released a report on General Electric (NYSE: GE) on Monday. The company released earnings results on July 16, reporting EPS of $0.30 compared to estimates of $0.27. The analysts wrote that "the stock is one of only a few in the sector that look cheap on a...
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Stock Market News for July 19, 2010 - Market News
Monday, July 19, 2010 - 9:46am | 497Consumers’ growing pessimism about the economic recovery shook investors’ confidence on Friday, sending major averages off at least 2%, even as some companies reported better-than-anticipated quarterly numbers. Financials led on the downside after some big names from the sector posted weaker-than-...
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GE Signs Five-Year, $116 Million Power Plant Service Alliance with TVA (GE)
Monday, July 19, 2010 - 9:09am | 149GE (NYSE: GE) has signed a service alliance with the Tennessee Valley Authority (TVA), the nation’s largest public power provider, covering four TVA power plants and valued at $116 million over the next five years. The alliance will help TVA meet its strategic needs by ensuring the long-term...
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Stop Trading: Cramer Upbeat On AAPL, GE
Monday, July 19, 2010 - 6:54am | 184In his “Stop Trading” show on Friday, Jim Cramer discussed Apple (NASDAQ: AAPL) and General Electric (NYSE: GE). In response to a report on Consumer Reports that applauded Apple's initiatives in correcting the iPhone reception problems, Cramer said, "What more can you ask for?" He said that Apple'...
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Coming Week:3 Key Market Drivers July 19th -23rd Abridged Version
Sunday, July 18, 2010 - 4:02am | 1707The following is an abridged version. For full details see The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers July 19th -23rd Prior Week Bullish Market Movers ‘Successful’ EU Sovereign Bond Sales Overall Positive US Earnings Goldman Sachs Fraud Case Settlement Bearish Market...
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Coming Week:3 Key Market Drivers July 19th -23rd Abridged Version
Sunday, July 18, 2010 - 4:02am | 1707The following is an abridged version. For full details see The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers July 19th -23rd Prior Week Bullish Market Movers ‘Successful’ EU Sovereign Bond Sales Overall Positive US Earnings Goldman Sachs Fraud Case Settlement Bearish Market...
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The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers July 19th -23rd
Sunday, July 18, 2010 - 2:04am | 2513Prior Week Bullish Market Movers ‘Successful’ EU Sovereign Bond Sales Overall Positive US Earnings Goldman Sachs Fraud Case Settlement Bearish Market Movers US Earnings Negatives Poor Economic Data Coming Week EU Bank Stress Tests – The Main Event This Week EU Bond Sales US Corporate...