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Benzinga’s Top Pre-Market Gainers (AIXG, CENX, NTAP, SMMX, RGEN)
Thursday, May 27, 2010 - 8:24am | 183Aixtron Aktiengesellschaft (NASDAQ: AIXG) soared 7.54% to $26.67 in the pre-market session. AIXG posted better-than-expected earnings for the March quarter. Century Aluminum Company (NASDAQ: CENX) added 6.82% to $10.49 in pre-market trading. CENX’s March quarter earnings exceeded expectations by 12...
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Alcoa Upgraded (AA)
Wednesday, May 26, 2010 - 2:40pm | 114Aluminum giant Alcoa (NYSE: AA) was upgraded this morning by Macquarie Research who said it expects the price of the metal to rise over the next several years. Aluminum prices have slumped 20 percent since their highs in April. Analyst Curt Woodworth noted that physical premiums for aluminum in...
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Options Traders View Things Differently
Wednesday, May 26, 2010 - 9:18am | 1943While stock traders basically can only take a long or a short view on an underlying stock or ETF, options traders are given much more flexibility in the way they invest and assume risk. Headlines can be motivators for many investors to buy, sell, or hold, and they can also create, change, and/or...
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US Stocks Ended In Black Yesterday After A Sharp Recovery In The Dow
Wednesday, May 26, 2010 - 5:37am | 251US stocks closed mostly up yesterday after a volatile session that saw the Dow Jones Industrial Average plunging below the 10,000 mark for the first time since February. The blue-chip average rebounded from nearly a 300-point decline, helped by the materials, financial and consumer sectors. Markets...
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Metals Signaling Reversal? (XME, X, FCX, AA)
Tuesday, May 25, 2010 - 3:58pm | 160Traders and investors often say that economically-sensitive materials and mining stocks will lead any rally or downturn in the stock market. Well, today many materials and miners are in the green despite the major averages being solidly in the red. The SPDR S&P Metals & Mining ETF (NYSE:...
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Some Big Losers Over Last Four Weeks (DJI, JOYG, BUCY, X, AA, FCX)
Tuesday, May 25, 2010 - 10:35am | 142The Dow Jones Industrial Average (DJI) is down 199 points, or 1.98%, to 9,867 in early trading today. Over the last four weeks the blue chip index is down nearly 12 percent. Here are how some key industrial and materials names have fared over the last four weeks: Joy Global (NASDAQ: JOYG) is down...
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Five Stocks Trading Below Book Value (DJI, ZION, JPM, MI, AA, FITB)
Tuesday, May 25, 2010 - 10:02am | 151After the recent market selloff that has driven the Dow (DJI) down more than 1,000 points from its 2010 highs and below the 10,000 level, I decided to look for some companies that are trading below book value. I am sensing some irrational selling at this point and the fear is creating exceptional...
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Benzinga’s Top Pre-Market Losers (AIXG, HAUP, ATPG, SOLF, CENX)
Tuesday, May 25, 2010 - 8:42am | 185Aixtron Aktiengesellschaft (NASDAQ: AIXG) tumbled 11.48% to $24.53 in the pre-market session. Analysts at JP Morgan Cazenove downgraded AIXG from “overweight” to “neutral.” Hauppauge Digital Inc (NASDAQ: HAUP) lost 8.00% to $2.99 in the pre-market session. HAUP had narrowed its fiscal Q2 loss due...
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Looking at FedEx Options Strategies After an Upgrade
Friday, May 21, 2010 - 4:49pm | 1802During Thursday’s market meltdown, one analyst still had time for optimistic words on United Parcel Service (NYSE: UPS) and FedEx Corporation (NYSE: FDX). David Ross of Stifel Nicolaus boosted his rating on both names to “buy,” noting the shipping industry has room for upside as the global economy...
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Stock Market News for May 21, 2010 - Market News
Friday, May 21, 2010 - 9:39am | 595The plunge in stocks Thursday was akin to post-Lehman days of late 2008 and early 2009. Investors were concerned that Europe’s financials malaise will spread around the world and derail global economic growth. As fears swept the market, stocks took their deepest plunge in a year, falling...
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Benzinga’s Top Pre-Market Losers (RRGB, CLDX, BRCD, CENX, TQQQ)
Friday, May 21, 2010 - 8:41am | 163Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) tumbled 12.14% to $20.70 in the pre-market session. RRGB posted better-than-expected Q1 profits as its initiatives in television advertising brought in more guests. Celldex Therapeutics Inc (NASDAQ: CLDX) lost 12.08% to $6.75 in the pre-market session....
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US Stocks Dipped Into Correction Yesterday On Worries Of Eurozone Stalling The Global Recovery
Friday, May 21, 2010 - 6:10am | 311US stocks plunged yesterday into the first correction of the bull market that started in March 2009, as worries of Europe's debt crisis weighed heavily on the market. The investors took their money out of the companies with high international exposure and did away with a range of assets, such as...
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Let Fear Create Opportunity (VIX, SWKS, CSX, AA)
Thursday, May 20, 2010 - 12:34pm | 207The CBOE Market Volatility Index is at 42.82, its highest level in some 13 months. Wise investors say "let pessimism create value." While I don't know where the market will head in the next few trading sessions or the next few weeks, I can spot some values lurking out there. Skyworks Solutions (...
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Pactiv Corp. Soars On More Buyout Talks (PTV, AA)
Wednesday, May 19, 2010 - 2:19pm | 126Shares of Pactiv Corp. (NYSE: PTV) are soaring once again amid more reports that several companies are looking to buy the maker of Hefty trash bags. Shares of Pactiv are up $1.78, or 6.3 percent, to $29.68 on the day. Three potential bidders, Apollo Global Management, Pacific Corp., and Rank Group...
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Materials and Miners Crushed (JOYG, BUCY, FCX, CENX)
Wednesday, May 19, 2010 - 11:42am | 117Materials and mining stocks are getting absolutely clobbered today as investors shun the risk trade and dump anything commodity related. Here are how some key names are faring in early trading: Joy Global (NASDAQ: JOYG) is down $3.29, or 6.63%, to $46.37. Bucyrus International (NASDAQ: BUCY) is...