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US Stock Futures Point To Continued Weakness In Market
Thursday, April 8, 2010 - 9:04am | 270US stock index futures fell today, indicating a continued downturn in the Standard & Poor’s 500 Index. The Standard & Poor’s 500 index is going through the biggest drop in six weeks, as speculations of a possible default by Greece are heightening. Ahead of the opening bell, futures on the...
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Options Trading Ideas in Fifth Third Bancorp (FITB): a Bull Put Spread and a Bear Put Spread
Wednesday, April 7, 2010 - 7:53pm | 1872In a recent edition of CNBC’s Mad Money, Jim Cramer had some nice things to say about Fifth Third Bancorp (NASDAQ: FITB) and other regional banks. He labeled FITB as a “buy” and noted that as the stocks of regional banks go higher, “they get more money.” On “Mad Money,” Cramer is limited to the buy...
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Earnings Season Begins, Be Ready For A Wild Ride!
Wednesday, April 7, 2010 - 12:17pm | 483The official start of earnings season is next week. Be ready for a wild ride! The last few weeks in the markets have been plagued with extremely light volume. This is partly due to the holidays recently and lack of participation by institutions. However, a large part of the light volume has...
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Company News for April 7, 2010 - Corporate Summary
Wednesday, April 7, 2010 - 9:30am | 290• Family Dollar (NYSE:FDO) posted fiscal second quarter earnings of 81 cents a share, which beat Zacks estimates of 77 cents, on inline revenues of $2.09 billion. The firm said it sees third-quarter earnings of 71 cents to 76 cents a share • MSC Industrial (NYSE:MSM) posted fiscal second quarter...
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Company News for April 6, 2010 - Corporate Summary
Tuesday, April 6, 2010 - 9:30am | 221• Massey Energy (NYSE:MEE) shares continued lower this morning in pre-market trade, off nearly 6%, following yesterday's mining disaster in which at least 25 West Virginia miners were killed. However, Jefferies (NYSE:JEF) reiterated its "buy" rating on the shares • Microsoft (NASDAQ:MSFT) announced...
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Earnings Season Is Coming (AA)
Monday, April 5, 2010 - 9:24pm | 329The baseball season began today. But, there is another season about to begin in which I am far more interested: The "Earnings Season" (Yes, only true stock market junkies would get more excited for this season). Alcoa (NYSE: AA) officially kicks off earnings season next Monday after the bell....
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Three Stocks That Are Still Bargains (HCBK, FEED, AA)
Monday, April 5, 2010 - 6:27pm | 358As the Dow again flirts with 11,000 and seems to slowly "melt up" day after day, you may be wondering if there are any bargains left to be had. Well, I've found three stocks that still look attractive based on valuation and offer solid fundamentals. Hudson City Bancorp (NASDAQ: HCBK) is the largest...
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Finding Value in Earnings Announcements: How to Calculate a Price-to-Earnings Ratio
Monday, April 5, 2010 - 4:20pm | 1718Alcoa (AA) officially kicks off earnings season with its numbers release due out on April 12 this year. However, other key earnings reports starting this week will include Bed, Bath and Beyond (BBBY), Monsanto (MON), Family Dollar Stores (FDO) and Salesforce.com (CRM), amongst others. These...
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Analyzing Alcoa (AA) Options Strategies Ahead of Earnings Reports: Bull Put Spread and a Short Iron Condor
Monday, April 5, 2010 - 4:07pm | 1940Deutsche Bank downgraded Alcoa Inc. (NYSE: AA) to “hold” from “buy,” this morning, citing higher energy prices and increased costs. Deutsche additionally trimmed its 2011 profit outlook to $1.51 per share from $2.08 and lowered its 12-month price target to $18 from $25 (note that this still...
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Alcoa Downgraded
Monday, April 5, 2010 - 11:21am | 145Aluminum producer, Alcoa (NYSE: AA) was downgraded this morning to “Hold” from “Buy” over at Deutsche Bank, though the price target seems to have remained at $18,which is peculiar considering the stock is currently trading $14.68. Alcoa is set to report earnings after the bell on April 12th; the...
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Company News for April 5, 2010 - Corporate Summary
Monday, April 5, 2010 - 9:15am | 177• Apple (NASDAQ:AAPL) shares may trade higher Monday after Jaffray & Co. analyst Gene Munster said the company probably sold more than twice as many iPad tablets during its debut weekend than some analysts had expected • Exelon Corp. (NYSE:EXC) announced that it expects to take a first-quarter...
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Deutsche Bank Cuts AA To Hold
Monday, April 5, 2010 - 9:01am | 39Analysts at Deutsche Bank downgrade Alcoa (NYSE: AA) from “buy” to “hold.” Shares of AA closed at $14.70 on Thursday. More Analyst Ratings here.
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 35
Monday, April 5, 2010 - 8:00am | 1914Year 3, Week 35 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 70.6% (v 76.0% last week) 18 long bias: 24.6% (v 17.8% last week) 3 short bias: 4.8% (v 6.3% last week) [Includes 1 'long dollar' position...
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Alcoa Cuts Stake With Saudi Partner (AA)
Saturday, April 3, 2010 - 5:13pm | 129Alcoa, Inc. (NYSE: AA) is cutting its stake in a planned aluminum complex in Saudi Arabia its partner announced today. Maadeen, the main stakeholder in the project, said Alcoa cut its stake to 25.1 percent from 40 percent in the joint venture. Last December Alcoa touted its venture with the Saudi...
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FedEx And Alcoa Gain Favor: CNBC (FDX, AA, X)
Thursday, April 1, 2010 - 11:48pm | 129Scott Wren, senior equity strategist at Wells Fargo Advisors, expects this year to be volatile. In an interview with CNBC, Wren gave his insights on the market movements. Wren said, “This year is going to be much more volatile. We’re not going to see the big progress in the markets we saw in 2009...