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Citigroup Downgrades AA To Hold
Wednesday, January 5, 2011 - 7:10am | 47Analysts at Citigroup downgrade Alcoa Inc (NYSE: AA) from “buy” to “hold.” The target price for AA is set to $17. AA shares gained 4.56% to close at $16.52 yesterday. More Analyst Ratings here
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Scott Nations Recommeds An Options Strategy In Alcoa (AA)
Tuesday, January 4, 2011 - 8:00pm | 155On CNBC's Options Action, Scott Nations recommended an options strategy that should help investors to profit if Alcoa Inc. (NYSE: AA) soars and even if it sinks a little bit. Scott Nations thinks that Alcoa (AA) has the most expensive options among the stocks in the Dow Jones Index. Therefore he...
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Alcoa Ends Tuesday Up 4.6% (AA)
Tuesday, January 4, 2011 - 5:31pm | 153Shares of Alcoa Inc. (NYSE: AA) ended Tuesday trading up 4.6% at $16.52 per share. The day's trading range for shares of Alcoa Inc was $16.21 to $16.59 per share. Analysts covering Alcoa Inc. (AA) stock give it a consensus price target of $17.01 per share. Trading volume for Alcoa Inc was much...
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Volatility is on the Move 01-04-2011
Tuesday, January 4, 2011 - 4:08pm | 808Cusick's Corner Volatility is on the move. The VIX popped 3.5% and the back month futures are also moving higher into the mid 20s. The market is celebrating new highs but the oversold nature of the market is starting to get more attention with a move in volatility. I will be monitoring the close...
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Earnings Season Kicks Off
Tuesday, January 4, 2011 - 12:32pm | 686By Josh Lipton The next few weeks will see the first few companies reporting earnings for the final quarter of 2010 and, while analysts predict another impressive period of profit growth, expectations for the year ahead remain decidedly more muted. This week, investors will hear the latest...
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News Summary (EQT, MWE, AA, CCL)
Tuesday, January 4, 2011 - 10:34am | 210Shares of EQT Corp (NYSE: EQT) gained about 1.1% after the company agreed to sell its natural gas processing complex in Langley for $230 million to MarkWest Energy Partners LP (NYSE: MWE). The companies are expecting the deal to close in the first quarter. David Porges, EQT's president and chief...
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Stock Market News for Jan 4, 2011 - Market News
Tuesday, January 4, 2011 - 10:33am | 1169Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart from this positive...
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Stock Market News for Jan 4, 2011 - Market News
Tuesday, January 4, 2011 - 10:07am | 1169Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart from this positive...
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Market is Extended 01-03-2011
Monday, January 3, 2011 - 7:34pm | 874Cusick's Corner This bullish market still has low volatility and is extended, so strategically traders may want to participate in this environment using spreads. Many bulls are potentially looking to buy at-the-money spreads, because the volatility is relatively cheap, and they do not have to lay...
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Kaiser Aluminum Corporation Purchases the Assets of Alexco, LLC
Monday, January 3, 2011 - 6:00pm | 52Kaiser Aluminum Corporation (Nasdaq: KALU) today announced it has completed the agreement, as announced October 13, 2010, to purchase substantially all the assets of Alexco, LLC, a manufacturer of hard alloy extrusions for the aerospace industry based in Chandler, Arizona. The purchase became...
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May Be Running Out of Bulls 01-03-2011
Monday, January 3, 2011 - 5:13pm | 892Cusick's Corner Happy 2011 and boy does this market seem happy. This is the time when you really need to be on your toes, do not get complacent. Market sentiment is not a timing tool, but rather a tool to help us gauge the progress of a trend and monitor if a trend is getting a little extreme....
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Market Update (CLX, DOV, AA)
Monday, January 3, 2011 - 12:04pm | 218Shares of The Clorox Co (NYSE: CLX) dropped about 3% after the company projected its Q2 adjusted earnings in a range of $0.57 to $0.63 per share, after excluding the goodwill impairment charge. However, analysts were expecting earnings of $0.74 per share. Clorox projects its Q2 sales to drop 3% to...
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Company News for January 03, 2011 - Corporate Summary
Monday, January 3, 2011 - 11:05am | 1054• Goldman Sachs (NYSE:GS) has invested $450.0 million in social networking firm Facebook, and is planning to invest another $1.5 billion, making the value of the site at about $50 billion • Bank of America (NYSE:BAC) has reported fourth quarter charges of $3 billion on its GSE exposure, and $2...
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Company News for January 03, 2011 - Corporate Summary
Monday, January 3, 2011 - 10:28am | 1054• Goldman Sachs (NYSE:GS) has invested $450.0 million in social networking firm Facebook, and is planning to invest another $1.5 billion, making the value of the site at about $50 billion • Bank of America (NYSE:BAC) has reported fourth quarter charges of $3 billion on its GSE exposure, and $2...
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Alcoa Upgraded To Buy By Deutsche Bank
Monday, January 3, 2011 - 10:09am | 126Deutsche Bank has published a research report on Alcoa, Inc. (NYSE: AA) and has upgraded the company to Buy from Hold. In the report, Deutsche Bank writes "We are upgrading Alcoa to Buy from Hold and raise our 12-month PT by ~60% from $14 to $22/share to reflect growing optimism on both aluminum's...