-
NY Empire Manufacturing Index Drops (AA, X)
Monday, March 15, 2010 - 9:30am | 109The March NY Empire Manufacturing Index came in better-than-expected but still dropped from February levels. The general business conditions index dropped to 22.86 this month from 24.91 in February. Analysts were looking for a reading of 22.00. The new orders reading was 25.43 in March vs. 8.78 in...
-
Fast Money Picks For March 12th (AA, BBY, X, XBI, CAT)
Thursday, March 11, 2010 - 7:40pm | 195Brian Kelly of Kanundrum said on CNBC's Fast Money that he would sell short Alcoa (NYSE: AA) on Friday. Alcoa (AA) added 0.52% today and closed at $13.64. Joe Terranova thinks that Best Buy Co., Inc. (NYSE: BBY) should be bought tomorrow. Best Buy (BBY) gained 1.31% on Thursday. United States Steel...
-
The Dog Of The Dow (AA)
Wednesday, March 10, 2010 - 4:12pm | 125Alcoa (NYSE: AA) is the current "Dog of the Dow" and remains stuck in the doghouse today. Shares of Alcoa are down roughly 14% year to date and 0.51% today to trade at $13.60. The world's largest aluminum maker has struggled since mid-January when it disappointed investors with its fourth quarter...
-
"Mad Money:" Cramer Lists AXP, XOM, IBM, KO, PFE, MSFT, T, AA As Laggards
Wednesday, March 10, 2010 - 8:26am | 551In his "Mad Money" TV show, Jim Cramer said that the markets would be able to breach the highs reached in January only if “laggards start pulling their own weight.” Cramer listed 10 worst performers in the Dow Jones Industrial Average, starting from American Express (NYSE: AXP), which has lost 2%...
-
Century Aluminum Sees Heavy Call Activity (CENX)
Monday, March 8, 2010 - 1:35pm | 68Century Aluminum Co. (NASDAQ: CENX) is seeing bullish call activity today amidst continued takeover chatter. Calls are seeing heavy buying with 4,600 calls traded versus total put volume of 490 contracts. More than 2,200 March 16 calls have traded versus an open interest of 1,241. Shares of Century...
-
Stock Market News for March 8, 2010 - Market News
Monday, March 8, 2010 - 10:36am | 387A government report showing US employers cut fewer-than-expected jobs in February sent stocks higher Friday, even as cautious eyes kept a watch on developments in China and Greece’s move to address its massive debt problems. The DJIA, nevertheless, managed to scale a six-week peak, closing up 1.2...
-
Corporate Charity Gets Hit By Economic Woes (KO, MET, XOM, WMT, GE, WFC, CAT, AA)
Saturday, March 6, 2010 - 10:23pm | 208According to a recent report released by Reuters, Only four out of the top ten philanthropic companies said that the dollar value of their donations increased in 2009. The dollar value remained same for two companies while it dropped for the remaining four corporations. Coca-Cola (NYSE: KO),...
-
Top Performing Industries For March 5 (SLW, BBW, AAPL, CENX)
Friday, March 5, 2010 - 3:18pm | 201The industries that are driving the market today are: Silver: The top gainer of the day, this industry added 3.98%by 1:36 p.m. ET. The highest gainer within the industry was Silver Wheaton Corp (NASDAQ: SLW), which jumped 4.31% after the company reported record results for Q4 and the year ended...
-
Freeport McMoran Could be Primed to Move
Wednesday, March 3, 2010 - 1:59am | 2615We recently considered undertaking a detailed look at Freeport McMoran Copper & Gold Inc.(NYSE:FCX), one of the largest producers of copper, gold and molybdenum, and a solid performer in the Ascendere Long/Short Model Portfolio. But a piece of information from another Seeking Alpha...
-
Alcoa Attracts Bulls
Tuesday, March 2, 2010 - 11:32am | 124Alcoa (NYSE: AA) is receiving some large, bullish action this morning in the June contract cycle. The June $14 calls have been purchased on the offer, in several blocks, over 13,000 times. This action is well above open interest of 8,040 contracts, indicating new, bullish positioning. Alcoa is...
-
Citigroup To Revamp Its Board (C, ATT, XRX, AA, PG)
Friday, February 26, 2010 - 5:47pm | 171Citigroup (NYSE: C) is planning to give a face-lift to its board. The firm will bring down the number of its directors from 17 to 15. Former Mexico President Ernesto Zedillo will join the board at the annual meeting in April. Three Directors will vacate their seats at the same meeting. The...
-
Stock Market News for February 25, 2010 - Market News
Thursday, February 25, 2010 - 10:40am | 491It was a Bernanke-based rally on the Wall Street Wednesday. Comments from the Federal Reserve Chairman in his semi-annual testimony before Congress drew widespread applause from investors and helped stocks end a two-day losing streak. The Fed chairman noted the economy still needed “accommodative...
-
Century Aluminum (CENX) Down 10% After Missing Analyst Targets
Wednesday, February 24, 2010 - 4:20pm | 94Shares of Century Aluminum Company (Nasdaq: CENX) are down more than 10%, a day after reporting disappointing earnings. Century Aluminum Company reported a 4th quarter loss of $24.4 million, or 28 cents per share, compared with a loss of $693.5 million, or $14.14 per share, for the same quarter a...
-
Century Aluminum Co. (CENX) Breaches Below Its 200 Day MA After A Gap-Down Opening
Wednesday, February 24, 2010 - 1:39pm | 86Century Aluminum Co. (NASDAQ: CENX) plunged around 9.5% by mid-day trading on Wednesday to $11.59. The second-largest U.S. producer of the metal reported a Q4 loss of 28 cents a share, which fell short of the street expectations. Century Aluminum Co. (CENX) earlier started the session with a gap-...
-
Stock Market News for February 24, 2010 - Market News
Wednesday, February 24, 2010 - 9:57am | 451U.S. stocks fell Tuesday after a surprise drop in consumer confidence spurred concern about the strength of the economic recovery. A weak reading on a German industrial sentiment index further soured sentiments even as Home Depot came out with better-than-expected quarterly numbers and announced a...