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Dow Breaches 10,000 (DJI, BAC, AA, JPM)
Thursday, February 4, 2010 - 5:20pm | 117As stocks fell by more than 2% Thursday the Dow Jones Industrial Average (DJI) briefly fell below the 10,000 mark before recovering to finish at 10,002. The Dow last broke the 10,000 level back in November 2009. Bank of America (NYSE: BAC), Alcoa (NYSE: AA), and JP Morgan Chase (NYSE: JPM) led the...
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Company News for February 2, 2010 - Corporate Summary
Tuesday, February 2, 2010 - 10:30am | 309• Bank of America (NYSE:BA) upgraded ExxonMobil (NYSE:XOM) to "buy" from "neutral," with a price target of $82. • Bernstein initiated coverage of Visa (NYSE:V) and MasterCard (NYSE:MA), both with "outperform" ratings, and price targets of $104 and $325, respectively. • • Citigroup (NYSE:C)...
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Stock Market News for February 2, 2010 - Market News
Tuesday, February 2, 2010 - 10:26am | 503Stocks started a new month on a solid footing as encouraging economic data and a strong earnings report from Exxon Mobil bolstered investors’ appetite for riskier assets. Although Friday’s impressive GDP report had given some boost to wavering sentiments, it failed to stem the sell-off as...
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Freeport McMoran And Alcoa Upgraded (FCX, AA)
Tuesday, February 2, 2010 - 10:15am | 144Citigroup upgraded both Freeport McMoran Copper & Gold (NYSE: FCX) and Alcoa Inc. (NYSE: AA) this morning. Shares of each were up more more than 2% in pre-market activity. Citigroup says their global commodity team has raised various base metals and bulk commodity price forecasts. They see...
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Stock Market News for January 28, 2010 - Market News
Thursday, January 28, 2010 - 10:23am | 423U.S. stocks staged a late-session advance, paring earlier losses, after the Federal Reserve decided to keep interest rates near historic lows for an “extended period" and Apple launched its new iPad tablet computer. While the decision to leave interest rates near zero packed few surprises, the...
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Metals Stocks Collapse Lower, Will There Be A Bounce? (NYSE:X), (NYSE:AA), (Nasdaq:CENX)
Wednesday, January 27, 2010 - 2:40pm | 704On December 28th, 2009, I stuck my neck out on the line once again to call for a 10% or more correction on metal stocks like United States Steel Corporation (NYSE: X), Alcoa Inc. (NYSE: AA) and Century Aluminum Company (Nasdaq: CENX). Below is a chart listing the prices when the call went out....
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It May Be Time To Buy Alcoa (AA)
Friday, January 22, 2010 - 1:11pm | 217Ah, only two short weeks ago Alcoa Inc. (NYSE: AA) held such promise heading into earnings. The stock had been on a roll over the last 3 months, making a move from its low of $11.89 on October 28th to its high of $17.60 before earnings on January 11th. But, like all good things, Alcoa's run came to...
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Stock Market News for January 21, 2010 - Market News
Thursday, January 21, 2010 - 10:26am | 554Disappointing earnings reports in the U.S. and concerns that a tighter lending in China would hurt the global economic recovery led to a broad sell-off on the Street Wednesday. A stronger dollar hurt commodities, sending energy and material companies lower. Investors also had their focus on an...
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China Halts Stock Market Rally (AA, CAT, X, BUCY, GLD)
Wednesday, January 20, 2010 - 2:25pm | 223U.S. stocks are sliding in their biggest one day drop since November. Commodities and industrials are leading the way down after China instructed some major banks to curb their lending over the rest of January. Alcoa (NYSE: AA), Caterpillar Inc. (NYSE: CAT), Freeport McMoran (NYSE: FCX) and the...
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Stock Market News for January 19, 2010 - Market News
Tuesday, January 19, 2010 - 10:01am | 543A day after closing at their multi-month peak, U.S. stocks registered their worst one-day decline of the year on Friday as concerns ranging from China’s move to curb bank lending to JP Morgan’s rising loan losses had investors selling shares. An unsatisfying reading on consumer sentiment also...
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Earnings Season Picking Up Momentum - Earnings Trends
Monday, January 18, 2010 - 1:00am | 5054Key Points: • Big Calendar Shift - FY1 now means 2010, not 2009 • 4Q earnings season about to get underway; early results positive - 6.25 surprise ratio • Earnings of reported firms up 167.7% year over year, remaining firms expected to show 80% increase • Sequentially, earnings expected to fall 9....
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Earnings Season Picks Up Momentum - Earnings Trends
Monday, January 18, 2010 - 1:00am | 5054Key Points: • Big Calendar Shift - FY1 now means 2010, not 2009 • 4Q earnings season about to get underway; early results positive - 6.25 surprise ratio • Earnings of reported firms up 167.7% year over year, remaining firms expected to show 80% increase • Sequentially, earnings expected to fall 9....
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Earnings Season Picking Up Momentum - Earnings Trends
Monday, January 18, 2010 - 1:00am | 5054Key Points: • Big Calendar Shift - FY1 now means 2010, not 2009 • 4Q earnings season about to get underway; early results positive - 6.25 surprise ratio • Earnings of reported firms up 167.7% year over year, remaining firms expected to show 80% increase • Sequentially, earnings expected to fall 9....
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Earnings Season Picking Up Momentum - Earnings Trends
Monday, January 18, 2010 - 1:00am | 5054Key Points: • Big Calendar Shift - FY1 now means 2010, not 2009 • 4Q earnings season about to get underway; early results positive - 6.25 surprise ratio • Earnings of reported firms up 167.7% year over year, remaining firms expected to show 80% increase • Sequentially, earnings expected to fall 9....
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This Week's Biggest Losers This Year's Biggest Winners?
Friday, January 15, 2010 - 6:08pm | 164The results are in, and it's no surprise that aluminum stocks were the week's biggest losers. The S&P 1500 Aluminum Index fell 8.4% for the week, led by ALCOA's (NYSE: AA) post-earnings debacle. Does this mean that ALCOA Inc. - or the entire aluminum industry for that matter - is now...