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Bad News Easily Absorbed 01-18-2011
Tuesday, January 18, 2011 - 4:58pm | 1007Cusick's Corner This market can be characterized as a roaring bull market where bad news can be absorbed and good news sustains the move up. However, really good news starts to raise some red flags, especially for seasoned traders. This market is looking like it will challenge and break the upper...
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Off to a Good Start - Earnings Trends
Tuesday, January 18, 2011 - 4:31pm | 5083Key Points: 4Q earnings season off to good start, but still very early, with just 31 firms having reported. Median surprise of 6.56% and surprise ratio of 3.00 for EPS, 0.773% and 2.50 for revenues. Reported (31 firms) fourth quarter earnings growth of 37.5%, expected (469 firms) year over year...
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Alcoa and CPI to Develop Aluminum, Energy Projects
Tuesday, January 18, 2011 - 3:02pm | 133Alcoa (NYSE: AA) and the China Power Investment Corporation will collaborate on a broad range of aluminum and energy projects representing more than $7.5 billion of potential investment over the coming years, under a Memorandum of Understanding signed by the companies today. U.S. Secretary of...
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Off to a Good Start - Earnings Trends
Tuesday, January 18, 2011 - 1:00am | 5083Key Points: 4Q earnings season off to good start, but still very early, with just 31 firms having reported. Median surprise of 6.56% and surprise ratio of 3.00 for EPS, 0.773% and 2.50 for revenues. Reported (31 firms) fourth quarter earnings growth of 37.5%, expected (469 firms) year over year...
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Company News for January 17, 2011 - Corporate Summary
Monday, January 17, 2011 - 11:31am | 347• JP Morgan (NYSE:JPM) posted fiscal fourth quarter earnings of $1.12, above the Zacks Consensus Estimate of $0.97, on revenues of $26 billion, above the Zacks Consensus Estimate of $24.892 billion • Bank of America (NYSE:BAC) shares slid 1.5% after Citigroup (NYSE:C) removed the shares from its...
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Company News for January 17, 2011 - Corporate Summary
Monday, January 17, 2011 - 10:13am | 347• JP Morgan (NYSE:JPM) posted fiscal fourth quarter earnings of $1.12, above the Zacks Consensus Estimate of $0.97, on revenues of $26 billion, above the Zacks Consensus Estimate of $24.892 billion • Bank of America (NYSE:BAC) shares slid 1.5% after Citigroup (NYSE:C) removed the shares from its...
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Dahlman Rose Upgrades Alcoa and Reliance Steel & Aluminum
Friday, January 14, 2011 - 11:01am | 154Dahlman Rose is upgrading Alcoa (NYSE: AA) and Reliance Steel and Aluminum (NYSE: RS) to Buy from Hold. Dahlman also initiates a PT of $22 and $63 respectively. Dahlman believes that improvements in its downstream business, coupled with an improving price environment auger well for the outlook...
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Stock Market News for Jan 14, 2011 - Market News
Friday, January 14, 2011 - 10:31am | 1330On Thursday, markets ended marginally lower and shed gains from the previous session. The dismal show of the indices yesterday was primarily due to disappointing economic data. However, successful bond auctions in Europe somewhat soothed investors' frayed nerves. The Dow was down 0.2% and...
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Stock Market News for Jan 14, 2011 - Market News
Friday, January 14, 2011 - 10:07am | 1330On Thursday, markets ended marginally lower and shed gains from the previous session. The dismal show of the indices yesterday was primarily due to disappointing economic data. However, successful bond auctions in Europe somewhat soothed investors' frayed nerves. The Dow was down 0.2% and...
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10 Emerging Market Stocks For 2011
Wednesday, January 12, 2011 - 4:24pm | 499Emerging markets should continue strength in 2011, as the global economy continues to take shape and recovery. 2011 will most likely see opportunities abound, as sovereign debt issues continue to weigh on the global economy. Every time we hear about a sovereign debt default, the stock market gets...
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Kaiser Aluminum Announces Quarterly Dividend Payment of $0.24/sh
Wednesday, January 12, 2011 - 10:03am | 54Kaiser Aluminum Corporation (Nasdaq: KALU) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.24 per share on the Company's outstanding common stock. The dividend will be payable on February 15, 2011 to shareholders of record at the close of business...
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Spotty Selling Into Close 01-11-2011
Tuesday, January 11, 2011 - 7:27pm | 844Cusick's Corner The market could not garner any steam into the close and the spotty selling raised some red flags. The bid was present throughout the day, but earnings are going to be one catalyst that has not been in the markets over the past couple of sessions. Watch Large Cap stocks that are...
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Market Flirt 01-11-2011
Tuesday, January 11, 2011 - 4:44pm | 838Cusick's Corner The market continues to flirt with levels that we have not seen in almost 3 years, 1278 on the SPX. It's worth noting that near the SPY's highs of 127.72, a large seller came in quickly on no news. The market has held its gains in spite of the pullback and the market action still...
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Tuesday's Mid-Day Options Volume Leaders (BAC, C, AAPL, NVDA, AA)
Tuesday, January 11, 2011 - 12:35pm | 108The market has regained the minimal amount of ground lost in yesterday's session; currently, the S&P 500 (CBOE: SPX) is trading higher by 6.99 points, at $1,276.74. Here are your mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 153,026 contracts, 72.2% calls, 27.8% puts 2....
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5 Stocks To Watch On The Back Of Alcoa's Strong Report (AA)
Tuesday, January 11, 2011 - 11:45am | 350Sure shares of Alcoa (NYSE: AA) are down around 2% today on the back of earnings, but the earnings report and the commentary is much more important the 2% move that stock is making today. Alcoa beat Wall Street estimates yesterday after the bell, as the unofficial start to earnings season got...