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Large Block of Calls Traded in Alcoa
Friday, January 15, 2010 - 12:23pm | 229Alcoa (NYSE: AA), whose lackluster earnings report seems to have been fully digested by now is seeing large activity once again. This time the action is occurring much further out, in the July contract cycle. The July 20 strike call traded 18,000 times for a price of 0.51 a few minutes ago. It is...
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Century Aluminum Rolls Over
Thursday, January 14, 2010 - 11:30am | 207After Alcoa’s lackluster earnings announcement, Century Aluminum (NASDAQ: CENX) fell sharply as well, which is to be expected. The company has had just as good a run as Alcoa, rocketing in the past month and a quarter from $10 to nearly 19 on Jan 11th. The stock has since retreated, but one trader...
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Stock Market News for January 13, 2010 - Market News
Wednesday, January 13, 2010 - 10:17am | 400U.S. stocks fell in a broad-based selloff after reports that the Obama administration is planning a fee on financial services companies and a disappointing profit report from Alcoa unnerved investors. Chevron’s profit warning and news that the Chinese central bank is tightening the monetary policy...
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Tuesday's Breakout Stocks: Pumping up Your Portfolio with NBTY
Wednesday, January 13, 2010 - 9:12am | 1617With the market taking a hit today on the back of a weak Alcoa (AA) earnings report, there were several stocks which fought the trend and finished higher on heavier volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are...
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Cramer Says Time To Buy AA, Sell APOL, WNR and ACTI
Wednesday, January 13, 2010 - 7:35am | 354In his “Mad Money” show, Cramer said that the markets need a breather, which was provided by Obama's most recent plans to penalize financial institutions. Jim Cramer advocated buying Alcoa (NYSE: AA) and emphasized that the company’s cash flow numbers signaled a recovery in all sectors, ranging...
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This Week's Most-Purchased Stocks to Date - AA, CYCC, F, C
Wednesday, January 13, 2010 - 12:48am | 124Which stocks have caught an unusual amount of investor favor this week so far? It may be good to know, since that points to the stock's undertow. Here are the stocks that are seeing an inordinate amount of buying (on upticks) relative to selling (on downticks): Citigroup Inc. (NYSE: C) Ford Motor...
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Alcoa Drags Markets
Wednesday, January 13, 2010 - 12:32am | 207Alcoa’s (AA) earnings report missed expectations today and dragged all major indexes down with it. As I mentioned in the Sunday update, key earnings reports this week will come from Alcoa today, Intel on Thursday and J.P Morgan on Friday. (AA) declined -11% and ETFs were affected across the...
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Alcoa Earnings Dragging Markets Lower (AA)
Tuesday, January 12, 2010 - 3:35pm | 133Alcoa (NYSE: AA) reported disappointing earnings after the bell yesterday which has contributed to a down day for U.S. equity markets. The Alcoa (AA) numbers along with lower guidance from Chevron (NYSE: CVX) have sparked investor concern over the prospects of a global recovery. Another catalyst...
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Bookkeeping: Closing Human Genome Sciences (HGSI)
Tuesday, January 12, 2010 - 1:44pm | 518I really tried to be more of a traditional mutual fund manager the past 2 weeks, and not trade as much - let the winners run (yada yada yada). Thus far for many positions I have sat on my hands with, all I've been rewarded with by not locking in gains are stocks that have completely retraced their...
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Kudlow Talks Some Sense (AA), (CVX)
Tuesday, January 12, 2010 - 12:43pm | 219Larry Kudlow, who is normally unreasonably bullish, just touched on a very important idea on CNBC. Talking about the disappointing Alcoa (NYSE: AA) earnings and the fact that Chevron Corp. (NYSE: CVX) guided analysts lower on their Q4 numbers today, Kudlow wondered out loud why these commodity...
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Stocks Tumble, Alcoa(AA) Plummets
Tuesday, January 12, 2010 - 12:38pm | 105Alcoa (NYSE: AA) kicked off the fourth quarter reporting season with disappointing figures. Investors are also growing wary of bigger than expected widening of the US trade deficit. Amid these concerns, Dow Jones Industrial Average (DJI) fell by 59 points to 10605. Nasdaq Composite (IXIC) and S...
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Trade Deficit Widens (X, AA)
Tuesday, January 12, 2010 - 11:19am | 184The U.S. trade balance widened more than expected in November as the deficit grew from $33.2 billion in October to $36.4 billion. The median estimate correctly called the direction of the trade balance improvement, but only expected the deficit to widen $1.7 billion from October's reading. Many...
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Protective Put Buying in Intel
Tuesday, January 12, 2010 - 10:46am | 193With the Alcoa (NYSE: AA) miss fresh in everyone’s mind, the S&P is currently selling off 8 points, the most we have seen in a few weeks. Perhaps this earnings season is going to be a little more volatile than some where thinking? Speaking of earnings, Intel (NASDAQ: INTC) is set to report...
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Company News for January 12, 2010 - Corporate Summary
Tuesday, January 12, 2010 - 10:26am | 310• Alcoa (NYSE:AA) reported fourth-quarter earnings excluding items of one cent a share, below estimates of 6 cents, and versus year-ago quarter’s 28 cent loss. Revenues, however, came in better than expected at $5.43 billion, although under last year's $5.68 billion. The firm blamed the results...
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Stock Market News for January 12, 2010 - Market News
Tuesday, January 12, 2010 - 10:23am | 401U.S. markets ended Monday on a mixed note as an advance in industrial stocks, helped by a record rise in Chinese exports, was offset by a selloff in technology shares. Stocks seesawed in a narrow range as traders refrained from making big moves ahead of the upcoming earnings season. After the bell...