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Here Come the Earnings…
Wednesday, June 16, 2010 - 10:35am | 1698It’s the broken record that we traders love to play again and again. While the process is the same, the outcome is almost always different. Earnings season is often a catalyst for change in a stock’s direction, volatility, and even sentiment. It can also simply accelerate a trajectory or cause...
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Sam Stovall Likes Alcoa, BofA, Goodyear And Coach (AA, BAC, GT, COH)
Tuesday, June 15, 2010 - 1:10am | 256Standard & Poor's chief investment strategist Sam Stovall thinks that, judging by history, the market may be ready to rally. Since 1945 the market has undergone 17 corrections with an average decline of 13.7%. The recently completed six-week decline in the S&P 500 was a dead-on match at 13....
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Stock Market News for June 8, 2010 - Market News
Tuesday, June 8, 2010 - 9:37am | 527Friday’s disappointing jobs report continued to weigh on the markets, which swung between gains and losses Monday, before a late-session selloff sent the Dow average and the S&P 500 to their lowest close in seven months. A shaky consumer-credit report also played a part in markets’ slide. The...
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Don't Fight the Trend 06-07-2010
Monday, June 7, 2010 - 6:40pm | 672Cusick’s Corner The 1050 mark on the S&P 500 has come under attack – there’s a lack of leadership from Financials (XLF)/Tech (QQQQ), and a defensive tone with a flight to the Gold (GLD) and Utilities (UTH). Keep the powder dry in this environment, these are trading markets and there is no sense...
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Late Market Roundup (DFT, AA, XOI, XNG, BBY, GS)
Thursday, June 3, 2010 - 2:35pm | 364The Dow Jones Industrial Average swung to the negative territory as its economically sensitive industrial and materials components lost ground. Although the Dow was nearly flat in the morning session, it was trading down 42.40, or 0.41%, at 10207.14 by 12:57 pm. DuPont (NYSE: DFT) and Alcoa (NYSE:...
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Mike Gurka Is Bullish On Copper, Wants To Avoid Zinc And Aluminum
Thursday, June 3, 2010 - 2:20pm | 116Mike Gurka said on CNBC's Fast Money that he is bullish on the basic materials sector. He added that we might find some bargains in the sector, if it dips a little bit more. He didn't say what stocks he would buy. Instead Mike Gurka said that he is bullish on copper, and he would stay away from...
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Benzinga's Top ETF Decliners (UYM, AGQ, EDC, XME)
Thursday, June 3, 2010 - 12:58pm | 233ProShares Ultra Basic Materials (ETF) (NYSE: UYM) is trading lower today, along with the basic materials sector. Alcoa Inc. (NYSE: AA) and United States Steel Corporation (NYSE: X) are facing big pressure. Alcoa (AA) lost 2.5% and US Steel (X) dropped 3.45% so far. Silver prices are heading lower...
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Materials Underperforming (AA, X, CLF, FCX)
Thursday, June 3, 2010 - 12:29pm | 95Materials stocks are comfortably lower in mid-day trading with selling accelerating in the last 30 minutes. A stronger euro may be contributing to the selling pressure in the following materials names. Alcoa (NYSE: AA) is down 35 cents, or 3.05%, to $11.13. U.S. Steel (NYSE: X) is down $1.71, or 3....
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Dollar Firms Up 06-01-2010
Wednesday, June 2, 2010 - 3:32pm | 729Cusick's Corner The Dollar firmed up and bounced late in the day and the remaining currencies began a late day slide. This looked to have influenced a pull back in stocks and energies. Additionally, this debunked the potential bounce theory of the midday, and put the strength back into the hands of...
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Stock Market News for June 2, 2010 - Market News
Wednesday, June 2, 2010 - 9:57am | 504A late-session selloff sent stocks broadly lower on Tuesday, with energy shares leading the drop, after the government said it will initiate criminal and civil investigations into the BP oil spill. A pair of encouraging economic data, however, helped temper the losses. BP’s failure in its latest...
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US Stocks Closed Sharply Lower Yesterday, With Energy Sector Leading The Losses
Wednesday, June 2, 2010 - 5:41am | 243US stocks finished deep in the red yesterday, with losses pouring in close to the end of the session. Gains, led by positive economic reports, were erased in the late trading hours as tensions around Europe and BP’s incapability to control the oil spill started building up. The Dow Jones Industrial...
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Stocks Slammed In Final Hour (JPM, AA, AAPL)
Tuesday, June 1, 2010 - 5:50pm | 151The Dow fell 113 points, or 1.1%, to close at 10,024. Most of the losses came in the final hour of trading. The tech-heavy Nasdaq shed 35 points, or 1.54%, to close at 2.222. The S&P tumbled 19 points, or 1.7%, to finish at 1,071. Market participants returned from an extended holiday weekend to...
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Alcoa Reaches Tentative Agreement With Union (AA)
Tuesday, June 1, 2010 - 2:46pm | 116Alcoa (NYSE: AA), the world's largest aluminum manufacturer, has reached a tentative agreement on a new contract with its largest union. This agreement will help avoid a possible strike that would have affected thousands of workers. Details of the four-year agreement between Alcoa and the...
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Benzinga’s Top Pre-Market Losers (ATPG, ALVR, CENX, CAMT, DRYS)
Tuesday, June 1, 2010 - 8:27am | 186ATP Oil & Gas Corporation (NASDAQ: ATPG) tumbled 3.29% to $10.29 in the pre-market session. ATPG was also one of the biggest losers on May 27. Alvarion Ltd (NASDAQ: ALVR) lost 3.17% to $2.14 in the pre-market session. ALVR is involved in supplying WiMAX and other wireless broadband solutions to...
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Large Call Sale on Alcoa
Friday, May 28, 2010 - 11:22am | 128Shares of Alcoa (NYSE: AA) are lower on 1.69%, currently trading $11.62. The stock has been drifting lower over the past five months, accelerating the pace as of late. It is now trading below the 50-day and 200-day moving averages. Alcoa is receiving a large call sale this morning. The June $12...