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10-26-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Tuesday, October 26, 2010 - 12:20pm | 4206Stephen Bernard, AP Business Writer Stocks waver on mixed earnings, rising dollar Stocks waver following earnings report, drop in home prices, rise in consumer confidence NEW YORK (AP) — Stocks were narrowly mixed in midday trading Tuesday after a rise in consumer confidence offset disappointing...
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Tennant Company Reports 2010 Third Quarter Earnings of $.39
Tuesday, October 26, 2010 - 8:50am | 115Tennant Company (NYSE: TNC) today reported net earnings of $7.5 million, or $0.39 per diluted share, on net sales of $168.6 million for the third quarter ended September 30, 2010. In the 2009 third quarter, Tennant reported net earnings of $5.8 million, or $0.31 per diluted share, on net sales of $...
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Deutsche Bank Comments On Dover Ahead Of Analyst Day
Tuesday, October 26, 2010 - 8:26am | 201Dover's (NYSE: DOV) 4Q set-up is conservative, as B/B was weak at 0.96x but this is not untypical and has actually increased 4Q core ests by 2-3%. Looking ahead to Dover Day next month, it sees the potential for an update on sourcing and other key initiatives (portfolio, shared services?) as well...
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L.B. Foster Reports Improved Third Quarter EPS of $.63
Tuesday, October 26, 2010 - 8:24am | 63L.B. Foster Company (Nasdaq: FSTR) today reported that 2010 third quarter net income increased by 6.0% to $6.5 million or $0.63 per diluted share, compared to $6.1 million or $0.60 per diluted share in the third quarter of 2009. The prior year third quarter results included a pretax gain on the...
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J.P. Morgan Ups Price Target On Dover (DOV)
Tuesday, October 26, 2010 - 8:18am | 125J.P. Morgan Chase & Co. raised its price target on Dover Corporation (NYSE: DOV) to $59 from $57. It has a Neutral rating on shares. In a note to clients, J.P. Morgan writes, "Stripping out $0.20 of tax, 3Q EPS was a solid 9% beat, though this was below the past five quarters of double digit...
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Citi Discusses Crane (CR)
Tuesday, October 26, 2010 - 7:56am | 99Citi Investment Research has a note on Crane Co. (NYSE: CR), after the company reported earnings yesterday. In a note to clients, Citi writes, "CR shares appear vulnerable for a decline following the 6.0% increase over the past three weeks and with the shares above the high end of their relative...
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Crane Co. Beats EPS Estimate; Guides Higher (CR)
Monday, October 25, 2010 - 5:41pm | 167Crane Co. (NYSE: CR) reports Q3 earnings of $0.70 versus consensus of $0.65. Crane Co. reports revenues of $560.7 million versus consensus of $560.98 million. The company raised its FY 2010 EPS estimate to $2.50-2.60, from $2.25-2.50. "I am pleased with our third quarter results as core revenues...
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Earnings Scorecard: Eaton Corp. - Analyst Blog
Monday, October 25, 2010 - 5:03pm | 696Following Eaton Corporation's (ETN) robust third quarter 2010 earnings results on October 20, 2010, analyst sentiments on the stock were definitely positive. Company-wide end-market growth along with increased bookings drove Eaton's outperformance during the September quarter. Earnings Review...
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Hudson Securities Raises Target On Gardner Denver (GDI)
Monday, October 25, 2010 - 10:21am | 173Hudson Securities raised its price target on Gardner Denver, Inc. (NYSE: GDI) to $62 from $60 after the company reported stellar earnings last week. However, it is downgrading from Buy to a Neutral. In a note to clients, Hudson writes, "We've been arguing for some time that Gardner Denver deserves...
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ITT-Deployed ADS-B System Cleared by the FAA
Monday, October 25, 2010 - 9:02am | 98ITT Corporation (NYSE: ITT) announced today that it has received clearance from the Federal Aviation Administration (FAA) for nationwide deployment of the satellite-based air traffic surveillance system, Automatic Dependent Surveillance – Broadcast (ADS-B), marking a major milestone in air traffic...
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Citi Lifts Target On Ingersoll-Rand (IR)
Monday, October 25, 2010 - 8:06am | 140Citi Investment Research bumped up its price target on Ingersoll-Rand plc (NYSE: IR) to $34 from $33 after the company slightly beat earnings. It has a Sell rating on shares. In a note to clients, Citi writes, "We consider Sell-rated IR's 3Q results to be mostly uneventful with a slight pickup in...
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Merger Arbitrage Mondays – October 25, 2010
Monday, October 25, 2010 - 4:33am | 4808Merger activity remained steady last week with six new deals announced and four closing. Deal Statistics: Total Number of Deals Closed in 2010 92 Total Number of Deals That Did Not Complete in 2010 6 Total Number of Pending Deals Cash Deals 55 Stock Deals 14 Stock & Cash Deals 13...
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Stocks Going Ex Dividend the Second Week of November
Sunday, October 24, 2010 - 3:22pm | 716Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Celgene Nets Abraxis Bio - Analyst Blog
Friday, October 22, 2010 - 6:33pm | 406The spate of acquisitions in the pharmaceutical industry continued with Celgene Corporation (CELG) completing the purchase of Abraxis BioScience Inc. for $2.9 billion in cash and stock. Celgene aims to bolster its cancer portfolio through this acquisition. The deal, which is expected to...
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Crowell Weedon Raises Price Target On Apple (AAPL)
Friday, October 22, 2010 - 3:57pm | 141Crowell Weedon is reiterating its Buy rating and raising its price target to $375 on Apple Inc. (NASDAQ: AAPL). In a note to clients, Crowell writes, "On the strength of new products (iPhone 4 and iPad) Apple's Q4 was a record quarter, highlighted by revenue of $20.3 billion (B) and EPS of $4.64,...