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Disclosure Insight Maintains Medium Risk on W.W. Grainger
Monday, July 25, 2011 - 7:46am | 112Disclosure Insight is out with its report today on W.W. Grainger (NYSE: GWW), maintaining Medium Risk. In a note to clients, Disclosure Insight writes, "Non-SEC activity and the chairman and CEO positions being held by one person support our opinion of a Medium Risk - Positive Bias rating for GWW...
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Companies Trading Higher After Releasing Earnings
Friday, July 22, 2011 - 10:11am | 81RSC Holdings (NYSE: RRR) is trading nearly 15% higher after reporting Q2 earnings. Advanced Micro Devices (NYSE: AMD) is trading over 14% higher after reporting Q2 Earnings after Thursday's close. Celestica (NYSE: CLS) is trading up over 9.60% after reporting earnings. Entegris (NASDAQ: ENTG) is...
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J.P. Morgan Maintains Overweight on Wesco After 2Q Results
Friday, July 22, 2011 - 8:37am | 118J.P. Morgan has published a report on Wesco (NYSE: WCC) after strong 2Q results. In the report, J.P. Morgan wrote, "2Q results were a solid beat and raise, with fundamental momentum strong and shares recouping much of their recent underperformance. WCC is not immune from macro volatility, though...
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Citi Reiterates Buy On WCC
Friday, July 22, 2011 - 8:02am | 64Citi has issued a report reiterating the Buy Rating on WESCO International (NYSE: WCC). According to the report, "Buy-rated WESCO has its mojo back, posting 13% organic revenue growth on 150bps Y/Y EBIT margin improvement, equating to an impressive 62% pull-through margin, all sending WCC up 5.6...
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Deutsche Bank Provides Color on RSC
Friday, July 22, 2011 - 7:07am | 159Deutsche Bank provided color on RSC (NYSE: RRR). In a research report published today, the rating agency stressed its optimistic outlook for the company's Q3 performance. In the report, Deutsche Bank states, “Despite some concerns over potentially muted 3Q seasonality, due to depressed non res...
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Oppenheimer Reiterates Outperform on RRR
Friday, July 22, 2011 - 6:40am | 64Oppenheimer has issued a report reiterating the Outperform Rating on RSC Holdings (NYSE: RRR). According to the report, "RRR outperformed on every possible metric relative to lofty 2Q11 expectations. The strong 2Q11, plus favorable 3Q11 outlook commentary leaves little doubt RRR is in a groove."...
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Citigroup Raises PT on WCC to $71
Friday, July 22, 2011 - 6:12am | 26Citigroup has raised the price target on WESCO International (NYSE: WCC) from $70 to $71 and maintains its Buy rating.
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Options Brief: United Rentals
Tuesday, July 19, 2011 - 9:11am | 75Shares of United Rentals (NYSE: URI) are higher on the session by 2.24%, trading at $22.84. Overall call volume is now running at 4.72x the daily average, with 71% of all calls traded being purchases on the offer. 3,609 contracts have traded on the session so far. United Rentals, Inc. is a...
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MSC Industrial Direct Co Announces the Acquisitions of American Tool Supply; Terms Not Disclosed
Monday, July 18, 2011 - 3:32pm | 105MSC Industrial Direct (NYSE: MSM) announced today that it has acquired American Tool Supply, Inc. and its affiliate, American Specialty Grinding Co., Inc.. The two companies together generate approximately $50 million in annual sales. Terms of the transactions were not disclosed. MSC will use...
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Calls Purchased on United Rentals
Monday, July 18, 2011 - 9:24am | 112Shares of United Rentals (NYSE: URI) are lower on the session by 2.87%, currently trading at $22.35. The stock has been moving largely higher over the past four months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago...
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Houston Wire & Cable Company Partners With AmerCable Incorporated on GEXOL Brand Rig Cable
Friday, July 15, 2011 - 11:51am | 63Houston Wire & Cable Company (NASDAQ: HWCC) announced today its new partnership agreement with AmerCable to be a master supplier of their GEXOL brand Type P rig cable. Type P cables are specifically designed for installation and use in power, instrumentation and process and control applications...
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W.W. Grainger Earnings Preview: Analysts Expect Rising Revenue
Friday, July 15, 2011 - 9:55am | 532Get ready for W.W. Grainger (NYSE: GWW) earnings! Don't be the last to know: The company announces its next round of earnings this Tuesday, July 19, 2011. Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for this Tuesday's...
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UPDATE: Citi Raises PT on W.W. Grainger to $159
Thursday, July 14, 2011 - 7:48am | 89Citi is out with its report today on W.W. Grainger (NYSE: GWW), raising its PT from $155 to $159. In a note to clients, Citi writes, "We are raising our 2Q11 EPS estimate from $2.02 to $2.12 to incorporate the higher trending daily sales reported in April, May, and projected for June. This...
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Citigroup Raises PT On WW Grainger To $159
Thursday, July 14, 2011 - 5:08am | 27Citigroup has raised the price target on W.W. Grainger (NYSE: GWW) from $155 to $159 and maintains its Hold rating.
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Options Brief: United Rentals
Wednesday, July 13, 2011 - 9:39am | 75Shares of United Rentals (NYSE: URI) are higher on the session by 0.04%, trading at $24.21. Overall put volume is now running at 5.36x the daily average, with 71% of all puts traded being purchases on the offer. 1,926 contracts have traded on the session so far. United Rentals, Inc. is a holding...