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Stock Market News for July 1, 2010 - Market News
Thursday, July 1, 2010 - 9:42am | 446The final day of the second quarter witnessed choppy trading and stocks fell sharply, drawing curtains on the worst second quarter since 2002. It was another late-day retreat yesterday as investors tried to balance sentiments between an improved European bank outlook and a weak jobs report. Major...
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Stock Market News for June 29, 2010 - Market News
Tuesday, June 29, 2010 - 9:37am | 416Stocks fell modestly on Monday as fears of a global economic slowdown kept investors on toes throughout the session. As investors braced for key economic reports due to be released this week, they walked a fine line trying to balance global growth concerns with promises of a slow but a steady...
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A Peek Into The Market At The Start Of The Trading Day
Monday, June 28, 2010 - 9:04am | 394Pre-open US stock futures moved up modestly today after the Group of 20 leaders pledged to reduce their government deficit by half by the year 2013. While futures on the Dow Jones Industrial Average added 28 points to 10,132, those on the S&P 500 gained 4.30 points to 1,079. Meanwhile, Nasdaq...
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Some Positioning Ahead Data 06-22-2010
Tuesday, June 22, 2010 - 7:32pm | 790Cusick’s Corner The trade turned south into the After Hours, in part due to disappointing housing data (as mentioned in the Midday) and ahead of the release of New Homes Sales in tomorrow’s premarket, plus the upcoming FOMC decision. With these erratic moves over the last two days shaking out the...
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Couple Raises Money For Wedding By Recycling (AA)
Tuesday, June 22, 2010 - 6:39pm | 166A couple in Spokane, WA helped pay for their upcoming wedding by recycling aluminum cans, with a little help from Alcoa (NYSE: AA). Peter Geyer and Andrea Parrish collected 400,000 cans, worth about $3,800 in total. The last of the cans, about 73,000, will be picked up from their home this week by...
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Anthony Scaramucci Is Bullish On Intel (INTC) And Alcoa (AA)
Tuesday, June 22, 2010 - 6:34pm | 166On CNBC's Fast Money, Anthony Scaramucci said that he is bullish on basic materials like copper and coal, and stocks like Intel (NASDAQ: INTC) and Alcoa (NYSE: AA), because he expects that China will allow the yuan to appreciate two to five percent over the next twelve months. He also estimates...
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Goldman Sachs Lowers Estimates And Price Target On Alcoa (AA)
Tuesday, June 22, 2010 - 11:59am | 156Goldman Sachs (NYSE: GS) said in a client note yesterday that they are lowering their aluminum price forecasts and their estimates and price target for Alcoa (NYSE: AA). The firm lowered their aluminum forecasts by 8%-9% to $0.93 and $0.97 in 3Q10 and 4Q10, from $1.03 and $1.05, respectively....
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Calls Sold on Alcoa For a Second Day (AA)
Tuesday, June 22, 2010 - 10:02am | 148Shares of Alcoa Inc. (NYSE: AA) are lower on the session by 0.78%, currently trading at $11.62. The stock rallied strongly yesterday, by more then 7%, though it remains in a long-term downtrend. Options traders are selling the July $12 call for the second day in a row. Today, the strike was sold,...
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Stock Market News for June 22, 2010 - Market News
Tuesday, June 22, 2010 - 9:51am | 608Beijing’s weekend promise of a more flexible renminbi invigorated markets across the globe but absence of clear-cut details in China’s pledge had Wall Street wiping off strong early-morning gains in a late-day slide. The Dow average closed down 8 points, after having risen as much as 143 points in...
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US Stocks Fell Yesterday, With News Of The Yuan Drawing Investor Attention
Tuesday, June 22, 2010 - 8:08am | 254US stocks ended in negative territory yesterday, as markets focused on the speed at which China will revalue the yuan. Concerns over Europe’s debt woes returned to the forefront, with France-based banking group BNP Paribas suffering a cut in its ratings. Speaking of China’s yuan decision,...
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Summer Camps 06-21-2010
Monday, June 21, 2010 - 6:51pm | 723Cusick’s Corner The market continued to pull back into the After Hours but was able to hold key support, SPX 1110. While the Yuan news was a potentially nice boost for market sectors that we mentioned in the Midday, it only incited the Deflationary or Disinflation camps who believe that this is...
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China Ordering U.S. Takeout 06-21-2010
Monday, June 21, 2010 - 3:30pm | 821Cusick’s Corner The market did like the news out of China, so the question is – who or what will benefit from this new stance on the Chinese currency? One major benefactor, non-Chinese manufacturers could benefit from the Yuan’s greater buying power. Thus, China would be able to buy products that...
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Top Performing Industries For June 21 (CENX, PKX, SLT, MFN)
Monday, June 21, 2010 - 12:58pm | 222At 11:12 a.m., the Dow soared 96.29, or 0.92%, to 10,546.93, the broader Standard & Poor's 500 index moved up 8.56, or 0.77%, to 1,126.07 and the NASDAQ composite index gained 13.79, or 0.60%, to 2323.59. The industries that are driving the market today are: Aluminum: The top gainer of the day...
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Alcoa CEO Sees Strong Demand In 2010 (AA)
Sunday, June 20, 2010 - 5:56pm | 150Alcoa (NYSE: AA) CEO Klaus Kleinfeld told CNBC Friday that demand for the company's products will rise 10 percent in 2010. Half of that demand will be Chinese-driven. Kleinfeld spoke with CNBC from the St. Petersburg International Economic Forum. Kleinfeld is not concerned about a slowdown in China...
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Stock Market News for June 18, 2010 - Market News
Friday, June 18, 2010 - 9:57am | 295Stocks started the day on a down note but pared losses towards the end to close with slim gains as a rally in commodity and consumer related stocks helped offset some dour economic reports. The euro’s rise to three-week highs also caught market participants’ attention as they wondered if it was...