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Company News for June 30, 2010 - Corporate Summary
Wednesday, June 30, 2010 - 10:37am | 392• General Mills (NYSE: GIS) raised its dividend before reporting inline fiscal fourth-quarter earnings of 41 cents a share, but its guidance for fiscal 2011 came in below Street expectations. Revenues of $3.57 billion were in-line with Zacks projections of $3.57 billion, but were off 2.1% from a...
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Tuesday’s Options Volume Leaders (C, AAPL, BAC, BP, GE, SPY)
Tuesday, June 29, 2010 - 4:33pm | 145The market was weak right from the get-go today; the S&P 500 (NYSE: SPY) ended up losing more than three percent on its way to close at 1,040. The only positive takeaway from today’s trading one can have is that the market held the 1,040 level, which is historical support. Here are today’s...
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What is General Electric (GE) Telling Us?
Tuesday, June 29, 2010 - 2:07pm | 451If there is such a thing as one stock as a tell on the world economy, I'd nominate General Electric (GE). Not only does it have its hands in multiple industrial and consumer oriented markets, it has a large financial arm to boot. With that said, I am wondering what the chart is telling us...
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J.P. Morgan Reiterates Neutral Rating on 3M (MMM)
Tuesday, June 29, 2010 - 9:34am | 483J.P. Morgan is out with an analyst note this morning where it reiterates its Neutral rating on shares of 3M (NYSE: MMM); it has a $93.00 price target on the stock. The JPM analysts cited a sales update by 3M, which was positive, suggesting “upside to 2Q Street numbers.” They noted, “While cost...
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Weekly Market Master Report
Sunday, June 27, 2010 - 2:28pm | 841The S&P 500 Index is truly the pulse of the stock market . This index consists of 500 major stocks that are market cap weighted. It is important to remember that most people in the public watch the Dow Jones Industrial Average (INDEXDJX:.DJIA). The DJIA represents just 30 blue chip stocks that...
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Top 4 Stocks In The Meat Products Industry With The Highest Cash (BRFS, TSN, SEB, HRL)
Friday, June 25, 2010 - 5:45am | 146Below are the top meat products stocks on the NYSE and the NASDAQ in terms of cash. BRF-Brasil Foods SA (NYSE: BRFS) had $1.92 billion in total cash in the latest quarter. Meanwhile, BRFS’ total debt equaled $4.72 billion. Tyson Foods Inc (NYSE: TSN) had $812.00 million in total cash in the latest...
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Waiting on Fed Number 06-23-2010
Wednesday, June 23, 2010 - 3:09pm | 723Cusick’s Corner The market was not happy with the housing data but has retraced the bulk of the pullback into the Midday. Some felt that the action this morning was also flow over from the pullback into the After Hours yesterday, but that pullback was light in volume and buyers are sitting out...
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Huge Strangle Sold on Textron (TXT)
Wednesday, June 23, 2010 - 1:33pm | 178Shares of Textron Inc. (NYSE: TXT) are lower on the session by 2.45%, currently trading at $18.87. The stock has been selling off as of late and is nearing historical support near $18.00. Options volume is exploding in the name, namely due to one transaction. The August $19 straddle was sold 7,812...
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Jon Najarian Stock Picks (ADC, GE, JPM, BEXP)
Tuesday, June 22, 2010 - 1:49pm | 357In an interview on the Benzinga Podcast, Jon Najarian offered listeners several stock plays for the next 12 months. "I like a lot of energy stocks down here, quite frankly. The baby has been thrown out with the bath water in the energy sector," Jon said. "If you look at Anadarko Petroleum (NYSE:...
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Stock Market News for June 22, 2010 - Market News
Tuesday, June 22, 2010 - 9:51am | 608Beijing’s weekend promise of a more flexible renminbi invigorated markets across the globe but absence of clear-cut details in China’s pledge had Wall Street wiping off strong early-morning gains in a late-day slide. The Dow average closed down 8 points, after having risen as much as 143 points in...
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Fast Money Picks For June 22nd (DIS, MDR, JPM, AAPL)
Monday, June 21, 2010 - 6:55pm | 134On CNBC's Fast Money, Joe Terranova recommended investors to buy The Walt Disney Company (NYSE: DIS) tomorrow. The Walt Disney Company (DIS) fell 0.26% today. Guy Adami believes that McDermott International (NYSE: MDR) should be bought, and Karen Finerman thinks that JPMorgan Chase & Co. (NYSE...
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Monday Morning’s Options Volume Leaders (C, AAPL, BP, BAC, GE, SPY)
Monday, June 21, 2010 - 12:48pm | 134The market opened nicely higher this morning, the S&P 500 (NYSE: SPY) reaching an intra-day high of 1,131, but it has been selling off since then; currently, it is only higher by 5 points at 1,121. Stocks are nearing their lows of the day. Here are your options volume leaders this morning… 1....
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Restructuring World: Major Spin-Offs From Major Companies (AIG, PUK, AMR, BAC, BCS, BP, GE, GENZ, HBC, LMT, MDR, MOT, STR, SUN, VZ, FTR, VSH)
Monday, June 21, 2010 - 7:47am | 346Restructuring never ends in many large corporations. After a week’s worth of reading through dozens of corporate deals in the pipeline and analyzing others which could be close, it seems that many of America’s (and ex-US) largest companies are about to go through major changes because of asset...
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Stock Market News for June 18, 2010 - Market News
Friday, June 18, 2010 - 9:57am | 295Stocks started the day on a down note but pared losses towards the end to close with slim gains as a rally in commodity and consumer related stocks helped offset some dour economic reports. The euro’s rise to three-week highs also caught market participants’ attention as they wondered if it was...
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Welch Blames Obama Administration For Poor Crisis Management
Wednesday, June 16, 2010 - 2:12pm | 258In an article on CNBC, former CEO of General Electric (NYSE: GE) Jack Welch commented that the Obama administration has failed to manage the Gulf oil spill properly and has done a terrible job of managing the crisis. "Here's the difference between a businessman and a politician: Businessmen focus...