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The Idea of a "Difficult Stock Market"
Sunday, August 15, 2010 - 5:21pm | 109The mainstream media keeps dropping big hints, and they aren't always what bullish stock investors want to hear. This evening we had a new round of clues posted at the Yahoo! Finance web site.Joyce M. Rosenberg, AP Business Writer, certainly got my attention with the following article that sounds...
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Calls Purchased on ITT Corporation (ITT)
Friday, August 13, 2010 - 11:31am | 122Shares of ITT Corporation (NYSE: ITT) are higher on the session by 1.11%, currently trading at $44.78. The stock has been moving largely lower over the past three months, off from recent highs near $58.00. Options traders are betting that the stock may be near a short-term bottom and are buying...
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Zacks #1 Rank Additions for Friday - Tale of the Tape
Friday, August 13, 2010 - 9:40am | 344Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Altera Corp (ALTR) Amkor Technology Inc (AMKR) Blount International Inc (BLT) Endo Pharmaceuticals (ENDP) Fossil Inc (FOSL) View the entire Zacks #1 Rank List. ALTERA CORP (ALTR): Free Stock Analysis Report AMKOR...
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Benzinga’s Top Upgrades (STEL, CFX, CBZ, NVDA)
Friday, August 13, 2010 - 7:13am | 154StellarOne Corp (NASDAQ: STEL) was upgraded by RW Baird from "underperform" to "neutral." STEL’s shares closed at $11.47 yesterday. StellarOne’s quarterly earnings soared 566.36% y/y. BofA/Merrill upgraded Colfax Corporation (NYSE: CFX) from "underperform" to "neutral." CFX’s shares closed at $12....
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Parker Increases Quarterly Dividend to 27 Cents
Thursday, August 12, 2010 - 3:59pm | 80Parker Hannifin Corporation (NYSE: PH) today announced that its Board of Directors increased the company's regular quarterly cash dividend to 27 cents per share of common stock and declared a dividend payable September 3, 2010 to shareholders of record as of August 23, 2010. This represents a 4...
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Flowserve Wins Another Order - Analyst Blog
Thursday, August 12, 2010 - 3:37pm | 496Flowserve Corp. (FLS), a leading US-based pumps maker, received an order from Hydrochem (S) Pte Ltd, a wholly-owned subsidiary of Hyflux Ltd. This is the second major order booked in the second quarter of 2010 for Flowserve’s CALDER Dual Work Exchanger Energy-Recovery (DWEER) units. The energy...
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Three Stocks Rising On Strong Volume (NFLX, CIT, TKR)
Thursday, August 12, 2010 - 2:13pm | 124Shares of Netflix (NASDAQ: NFLX), CIT Group (NYSE: CIT) and The Timken Company (NYSE: TKR) are all rising today on strong volume. Netflix is up $4.03 or 3.19% to $130.50 on continued technical strength int he stock. Earlier in the week, Netflix announced a deal with Epix to expand its library....
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Hudson Securities Reiterates Buy Rating on Manitex International (MNTX)
Thursday, August 12, 2010 - 1:53pm | 161Hudson Securities is out with a research report this afternoon, where it reiterates its Buy rating on Manitex International (NASDAQ: MNTX); it has a $5.00 price target on the stock. The Hudson analysts cited the company’s recent earnings report, which was roughly in-line with expectations....
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Middleby Beats The Street (MIDD)
Thursday, August 12, 2010 - 10:20am | 101The Middleby Corporation (NASDAQ: MIDD), a leading manufacturer of restaurant and foodservice cooking equipment, reported second quarter income and revenue last night that easily topped Wall Street expectations. Middleby earned $0.96 per share during the second quarter, $0.08 ahead of the $0.88...
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Company News for August 12, 2010 - Corporate Summary
Thursday, August 12, 2010 - 10:07am | 470• After yesterday's close, Cisco (NASDAQ: CSCO) reported fiscal fourth quarter adjusted earnings of 43 cents a share as revenues increased 27% to $10.84 billion, just below Zacks estimates at $10.86 billion. The company said it sees first-quarter revenue of $10.62 billion to $10.82 billion, an 18-...
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S&P Upgrades Dow Chemical - Analyst Blog
Thursday, August 12, 2010 - 8:41am | 581Credit rating agency, Standard & Poor has revised its outlook for The Dow Chemical Company (DOW) to Positive from Stable, as stated by the Associated Press (AP). The ratings agency attributed Dow’s Outlook upgrade to the solid second quarter results. According to AP, the agency has also...
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ITT Corporation Elects Colleen Ostrowski Vice President
Wednesday, August 11, 2010 - 4:22pm | 97The Board of Directors of ITT Corporation (NYSE: ITT) today announced it has elected Colleen Ostrowski vice president and treasurer of the company, reporting to Denise Ramos, ITT senior vice president and chief financial officer. Ostrowski, 36, joined ITT as assistant treasurer in January 2010,...
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Manitex International, Inc. Reports Second Quarter 2010 Results
Wednesday, August 11, 2010 - 4:20pm | 155Manitex International, Inc. (NASDAQ: MNTX) today announced second quarter 2010 revenues of $19.5 million, a 65% year-over-year increase, and net income for the second quarter of 2010 of $0.2 million or $0.02 per share, compared to a net loss of ($0.1 million) or ($0.01) per share for the second...
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China Fire Misses, Trims Guidance - Analyst Blog
Wednesday, August 11, 2010 - 4:07am | 843China Fire & Security Group Inc. (CFSG) reported earnings per share of 26 cents in its second quarter ended June 30, 2010, falling short of the Zacks Consensus Estimate of 28 cents and 30 cents in the year-ago quarter. EPS was hurt by lower-than-expected revenues, lower gross margins and...
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Pall Corp Wins Contract - Analyst Blog
Tuesday, August 10, 2010 - 1:40pm | 449Pall Corporation (PLL) has been chosen to supply filtration systems for the Rolls-Royce aircraft engine for the Airbus A350 extra wide-bodied commercial aircraft. The Airbus A350 aircraft has won more than 500 orders from 33 international carriers and is projected to be in service for several...