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Fast Money Picks For July 14th (AA, KSU, FCX, HPQ)
Tuesday, July 13, 2010 - 7:09pm | 157CNBC Fast Money's Tim Seymour recommended investors to buy Alcoa Inc. (NYSE: AA) on Wednesday. Alcoa (AA) posted better than expected results on Monday, and it gained 1.2% on Tuesday. Kansas City Southern (NYSE: KSU) is Guy Adami's pick for tomorrow. Kansas City Southern (KSU) gained 0.89% today,...
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INTC Beats Street 07-13-2010
Tuesday, July 13, 2010 - 6:18pm | 710Cusick’s Corner I waited to write this commentary until Intel had announced, the reason is because I wanted to see the results and its impact on futures in the after hours. Well, Intel (INTC) beat by .08 and gave upward future guidance for the 2nd half of the year. In this part of the season it’s...
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Thoughts After Alcoa's Earnings
Tuesday, July 13, 2010 - 4:49pm | 385Light volume up day at the start of the earnings season SPDR S&P 500 ETF (NYSE: SPY) didn’t even trade 150 million shares. Technically, plenty of stocks are starting to test the next level of resistance, either the 50day or the 200 day MA — most of which are still sloping down. This was...
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What's Hot On TheStreet
Tuesday, July 13, 2010 - 3:37pm | 282Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Netflix Builds an Empire Netflix (NASDAQ: NFLX) forced the closure of rival Movie Gallery, caused Blockbuster to implode and prompted retailers to streamline their approach to video sales en route to big-budget...
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SPX Breaks Key 1085 Resistance 07-13-2010
Tuesday, July 13, 2010 - 3:34pm | 936Cusick’s Corner The market likes what it hears from positive beats on the earnings front (AA beat by a penny) and from a positive bond offering in Greece. We have also broken key overhead resistance, 1085 on the SPX, so now we need to keep an eye on these levels and watch the headlines to see if we...
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Markets Surge Into The 50 Day Moving Average
Tuesday, July 13, 2010 - 12:21pm | 377The markets surged higher today after Alcoa Inc. (NYSE: AA) gave the markets something to cheer about in their earnings report. Alcoa reported a profit of $0.13 per share when analysts had expected $0.12 per share in earnings. Revenue also came in ahead of estimates. For a market that has been...
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Mid-Day Market Update: U.S., Europe, & Commodities Surge (USO, GLD)
Tuesday, July 13, 2010 - 11:42am | 174U.S. and European equities are up considerably on Tuesday, as corporate earnings optimism swept across markets. Additionally, commodities, led by gold and oil, surged as the dollar fell. London's FTSE Index and Germany's DAX Index both gained over 1.7% after positive earnings from Alcoa (NYSE: AA)...
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Time for a Market Downturn?
Tuesday, July 13, 2010 - 9:21am | 135All it took was good news on the earnings front from companies like Alcoa (NYSE:AA) and the market averages were off to the races ! There were some jitters early on, but the media has everyone hyped about positive earnings expectations. In fact, even discouraging news from across the pond couldn't...
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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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CSX Finds Economy Better Than a Year Ago, but Conditions Still "Dynamic"
Tuesday, July 13, 2010 - 9:00am | 1131While the normal fuss and muss about Alcoa (AA) continues (in a shocker they actually beat), as I said yesterday I care a lot more about transports to figure out what is going on. As an aside, Gartman on the Fast Money crew said AA cut 36,000 jobs in the recession ... that would even impress Jack...
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Benzinga’s Top Pre-Market Gainers (VVUS, OREX, ARNA, CENX)
Tuesday, July 13, 2010 - 8:33am | 174Vivus, Inc (NASDAQ: VVUS) soared 22.72% to $13.07 in the pre-market session. US drug regulators said today that VVUS weight loss drug Qnexa is effective in helping obese patients shed pounds. Orexigen Therapeutics, Inc (NASDAQ: OREX) added 10.58% to $4.60 in pre-market trading. With the FDA...
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Earnings Season Has Begun
Tuesday, July 13, 2010 - 8:23am | 413As usual Alcoa(AA) has kicked off the earnings season. Alcoa beat the street’s forecast for earnings per share for the second quarter with .13 per share against a .10 forecast. They reported stronger volumes and, favorable currency and energy costs that more than offset lower aluminum prices. ...
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US Stock Futures Higher; Point To Better Market Opening
Tuesday, July 13, 2010 - 8:13am | 285US 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, Nasdaq 100...
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Trading Plan for July 13, 2010
Tuesday, July 13, 2010 - 7:32am | 349Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), MR (33.39), SPY (109.07), WTFC (37.71), SLAB (44.80), CERN (83.56) BIAS: 70% Short Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am),...
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ETFs To Watch July 13, 2010 ( EUO, FXP, TZA, DTO)
Tuesday, July 13, 2010 - 5:42am | 225Here is the ETF Professor's ETF Watch List for Tuesday July 13, 2010. Play earnings from Alcoa (NYSE: AA) and CSX (NYSE: CSX) with the Industrial Select Sector SPDR (NYSE: XLI) and the iShares Dow Jones Transportation Average (NYSE: IYT). With some glum news out of China overnight, the UltraShort...