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Benzinga’s Top Pre-Market Losers (STEC, CENX, ACAS, GOLD, SBIB)
Wednesday, February 24, 2010 - 9:53am | 283STEC, Inc. (NASDAQ: STEC) decreased 29.43% to $9.47 in the pre-market session. STEC reported yesterday that it expects to report an adjusted per-share loss of $0.11 to $0.13 per share for the first quarter and revenue is expected to come in between $33 million to $35 million. The 52-week trading...
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Alcoa CEO Earns $11.2 Million In 2009 Compensation (AA)
Friday, February 19, 2010 - 10:46pm | 140Klaus Kleinfeld, CEO of Alcoa Inc. (NYSE: AA), received $11.2 million in compensation in 2009 despite steep losses by the aluminum manufacturer. Kleinfeld received $1.4 million in 2009 salary and stock options valued at $5.8 million when they were granted. He also earned a performance-based bonus...
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Stock Market News for February 16, 2010 - Market News
Tuesday, February 16, 2010 - 10:30am | 445China’s move to contain rapid credit growth by limiting bank loans and European Union’s weak gross domestic product unnerved investors Friday, sending the Dow average down as much as 160 points in the morning session. Later, the blue-chip index pared much of those losses to close down 45 points as...
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Empire State Manufacturing Stronger Than Forecast (FCX, AA)
Tuesday, February 16, 2010 - 10:20am | 147The Empire State Manufacturing Survey came in with a better-than-expected reading for February, helped by a jump in inventories. The General Business Conditions Index rose to 24.91 in February from 15.92 in January. Analysts were looking for a reading of 18.0 on the index. Inventories came in at...
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US Stock-Index Futures Rise On Higher Commodity Prices, Better Earnings Results
Tuesday, February 16, 2010 - 9:58am | 218US stock-index futures advanced today, indicating that the Standard & Poor’s 500 Index may continue its upward trend as commodity prices pushed raw-material stocks higher. The index had seen its first rally in five weeks last week. Newmont Mining Corp (NYSE: NEM) and Alcoa Inc (NYSE: AA)...
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Materials Sector ETF Poised to Fill Gap Down (XLB, GLD)
Friday, February 12, 2010 - 12:54pm | 107Just a quick note for traders looking for some gap fill ideas. We are noticing some upward movement in Materials Select SPDR ETF (NYSE: XLB). The names in this sector were strong yesterday so we may see a rebound continue in them after this mornings gap down. This ETF tracks a basket of stocks in...
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Stock Market News for February 12, 2010 - Market News
Friday, February 12, 2010 - 10:12am | 476Reports that European Union leaders had agreed to a Greek bailout plan and a sharp drop in U.S. jobless claims sent U.S. stocks up Thursday, with all the three major indexes recording gains of at least 1%. Data from China that showed a moderating consumer price inflation also helped investors’...
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Fast Money Picks For February 12th (MT, NCR, CYBX, AA)
Thursday, February 11, 2010 - 7:39pm | 154Tim Seymour said on CNBC's Fast Money Final Trade that he expects a lot of short covering in ArcelorMittal (ADR) (NYSE: MT) and therefore is a buyer of this stock. ArcelorMittal (ADR) (MT) gained 2.29% today and closed at $37.50. Guy Adami wants to buy NCR Corporation (NYSE: NCR), and Joe Terranova...
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Alcoa Inc.(AA) Finally Steers Past Its 200 Day MA After A Month
Thursday, February 11, 2010 - 3:05pm | 128Alcoa Inc. (NYSE: AA), an aluminum miner and producer, which has been struggling below its long term support level of 200 day MA, has finally breached the same today. Alcoa Inc. (AA), which has already gained 3.2% in the session already by early afternoon trading on Thursday, is now quoting around...
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Materials Sector Poised For Upswing (XLB, AA, DOW, MON, FCX)
Thursday, February 11, 2010 - 1:28pm | 375We have been looking over the sectors analyzing which ones may be the first to move higher if the markets continue upwards. One that interests us is the materials sector. A solid ETF that tracks this sector is the Materials Select Sector SPDR (Nasdaq: XLB). Currently, it is trading at just under $...
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Bernanke Comments Spook Market (DIA, UUP, AA, FCX)
Wednesday, February 10, 2010 - 11:50am | 101The market gave up modest gains after Federal Reserve Chairman Ben Bernanke discussed an exit plan this morning, which suggested the possibility of a a modest increase in the discount rate before long. This comment pressured the Dow Jones Industrial Average (NYSE: DIA), which gave up about 50...
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Tuesday's Hottest Small Caps Follow Upgrade Lead of Large Cap
Tuesday, February 9, 2010 - 11:21pm | 225Between a wave of upgrades of the industrial sector, the aluminum industry specifically, and some encouraging words in the latest edition of The Wall Street Transcript, it's no wonder Alcoa, Inc. (NYSE: AA) was up so nicely on Monday. It helped smaller aluminum brother Century Aluminum Company (...
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Heavy Call Activity In Century Aluminum (CENX)
Friday, February 5, 2010 - 3:46pm | 76Century Aluminum (NASDAQ: CENX) is seeing some interest in its call options today. The Jun 22.50 call options have traded 2,500 contracts, versus an open interest of 904 contracts. Perhaps one trader is trying to pick up some call options on the cheap, as Century Aluminum has been crushed (crushed...
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Stock Market News for February 5, 2010 - Market News
Friday, February 5, 2010 - 10:22am | 461An unexpected rise in jobless claims and lingering sovereign debt issues in Europe resulted in a massive selloff on Thursday, sending the blue-chip Dow average below the 10,000 mark for the first time since November. Commodities plunged as jittery investors propelled the dollar to a more than...
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Alcoa (AA) - Needs a Better Brillo
Friday, February 5, 2010 - 7:55am | 278On January 19th I suggested that Alcoa (NYSE: AA) was a good candidate for shorting at 15.50 . The initial target of 14.67 was easily surpassed with the stock price reaching a low of 12.26 . A conservative investor, with an entry at 15.50 could have gained 3.24 per share exiting at the low. The...