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Stock Market News for July 29, 2010 - Market News
Thursday, July 29, 2010 - 10:12am | 567Federal Reserve’s Beige Book report painted a dismal picture of the economic recovery, compounding worries that the much-expected revival is facing headwinds. A weak report on durable goods orders further disappointed investors who had no reason to rejoice in Boeing’s lackluster quarterly numbers...
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Benzinga’s Volume Movers (CASY, BWLD, ODFL, CPKI)
Wednesday, July 28, 2010 - 1:30pm | 183Caseys General Stores Inc (NASDAQ: CASY) shares gained 2.88% to $37.55 at 1:11 pm. The volume of CASY shares traded was 1310% higher than normal. After rejecting $1.9 billion takeover offer from Alimentation Couche-Tard Inc, CASY’s board has planned to buyback about $500 million shares. Buffalo...
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Stocks Hitting 52-Week Highs (DLTR, ALSK, CVTI, ADVS)
Tuesday, July 27, 2010 - 1:13pm | 151Dollar Tree Inc (NASDAQ: DLTR) shares reached $44.20 to create a new 52-week high before falling to $44.05. DLTR’s trailing-twelve-month ROE is 25.15%. Alaska Communications Systems Group Inc (NASDAQ: ALSK) shares reached $9.42 to touch a new 52-week high, before falling to $9.41, reflecting a 1.07...
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Piper Jaffray Raising 2010 Estimates On Old Dominion Freight (ODFL)
Tuesday, July 27, 2010 - 8:59am | 214Piper Jaffray is out with a research report this morning and is reiterating its Overweight rating and $43 price target on Old Dominion Freight (NASDAQ: ODFL). In the research report, Piper Jaffray writes, "ODFL is scheduled to report 2Q10 EPS on Wednesday, July 28th, before the market. We've raised...
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Benzinga’s Top Pre-Market NASDAQ Losers (MNTA, WERN, NVDA, ARMH)
Tuesday, July 27, 2010 - 8:45am | 168Momenta Pharmaceuticals Inc (NASDAQ: MNTA) dipped 4.17% to $25.02 in the pre-market session. Momenta has received approval from the Food and Drug Administration (FDA) to market a generic version of Sanofi's blood-thinner drug, Lovenox. Werner Enterprises Inc (NASDAQ: WERN) lost 2.04% to $23.55 in...
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Summertime Markets 07-26-2010
Monday, July 26, 2010 - 7:06pm | 787Cusick’s Corner The market is holding key levels of 111 in the SPY. However, we cannot forget that this current trend is happening in July & August, months that have been notoriously slow and have never really been months that signaled a major trend change. At this stage these are trading...
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Calls Purchased on YRC Worldwide (YRCW)
Monday, July 26, 2010 - 2:00pm | 115Shares of YCR Worldwide Inc. (NASDAQ: YRCW) are higher on the session by 23.14%, currently trading at $0.4162. The stock has been rallying over the past week, off of a recent low of $0.11. Options traders are buying calls on the name today. The October $1.00 call was purchased 3,450 times on open...
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Keep Arkansas Best (ABFS) on Hold
Thursday, July 22, 2010 - 12:53pm | 108Jason H. Seidl and Matthew Elkott at Dahlman Rose recommend a Hold strategy for Arkansas Best (NASDAQ: ABFS), the trucking company. In its reported second quarter results, the company increased its revenues by 13% year-on-year. The improvement is due to a 12% increase in tonnage and higher LTL (...
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Top Narrow Based Indexes For July 21 (CSUN, RFMD, HTZ)
Wednesday, July 21, 2010 - 2:15pm | 204By 1:26 pm, the Dow Jones Industrial Average was down 2.64 points, or 0.03%, to 10,227.32, while the broader Standard & Poor's 500 index had lost 1.75 points, or 0.16%. The NASDAQ composite index fell 5.14 points, or 0.23%. Some of the narrow based indexes supporting the markets are Chinese...
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News Summary (CAR, DTG, HTZ, XXV, VXX)
Wednesday, July 21, 2010 - 11:16am | 235S&P, Moody's and Fitch have urged bond issuers to refrain from using their credit ratings in the documentation during the sales of new bonds. The rating providers want to first get the clear understanding of the legal exposure created by the new financial overhaul law, signed by President Obama...
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Piper Jaffray Reiterates Overweight Rating on JB Hunt (JBHT)
Friday, July 16, 2010 - 9:46am | 343Piper Jaffray is out with a research report this morning, where it reiterates its Overweight rating on shares of JB Hunt Transportation Services (NASDAQ: JBHT); it has a $42 price target on the stock. The PJ analysts said, “Yesterday after the market JBHT reported 2Q10 EPS of $0.40 (72% y-o-y...
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LSTR’s EPS Growth Will Continue To Accelerate Into 2H10
Thursday, July 15, 2010 - 12:50pm | 163Analysts at Piper Jaffray reiterate their "overweight" rating on Landstar System (NASDAQ: LSTR), while revising their estimates for the company. The target price for LSTR is set to $52. According to Piper Jaffray, “Yesterday after the market close LSTR reported 2Q10 EPS of $0.49 (31% y-o-y growth...
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Truckload Carriers To Wield Substantial Pricing Power (JBHT, WERN)
Tuesday, July 13, 2010 - 3:20pm | 107Matthew S. Brooklier and Reena E. Krishnan, analysts at Piper Jaffray, recently published a note on the pricing power of truckload carriers. They noted that the companies will report high profits and stock performance. The sector is in an early stage of recovery as demand increases and inventories...
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A Peek Into The Market Before The Opening Bell
Tuesday, July 13, 2010 - 9:09am | 473Pre-open movers US stock futures moved up today as investor sentiments improved after Alcoa (NYSE: AA) announced positive results for the second quarter. While futures on the Dow Jones Industrial Average gained 53 points to 10234, those on the S&P 500 moved up 7.1 points to 1083.7. Meanwhile,...
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Avis Rumored to Outbid Hertz for Dollar Thrifty Automotive
Tuesday, July 13, 2010 - 8:40am | 102According to the Wall Street Journal, Avis Budget Group (NYSE: CAR) is in the process of outbidding its top rival, Hertz Global Holdings (NYSE: HTZ), to buy Dollar Thrifty Automotive Group (NYSE: DTG). Although Avis has yet to make an official offer, the Wall Street Journal says that a late July or...