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Stock Watch-List for January 12, 2010
Tuesday, January 12, 2010 - 7:43am | 462Sometimes I can't help but think that this market has become so bullish that we are like the blind guy below who will swing at anything that has a bell on it! Regardless, the trend continues to march upwards, and we are foolish to ignore the opportunity before us. However that doesn't mean that we...
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Earnings Surge Starting...Now! - Earnings Trends
Tuesday, January 12, 2010 - 1:00am | 5048Key Points: • Big Calendar Shift - FY1 now means 2010, not 2009 • 4Q earnings season about to get underway; early results positive • Excluding non-recurring items, total net income to jump 86.0% year over year in 4Q, but fall 11.4% from 3Q levels • Strong 27.0% total net income growth expected for...
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Dennis Gartman Sees Alcoa (AA) At $35 In Two Years
Monday, January 11, 2010 - 8:13pm | 92Dennis Gartman said on CNBC's Fast Money that he would take a look at Alcoa (AA) after it dropped more than 5% in the after hours. Gartman believes that in the rising global economy every investor should own metal stocks. He does not exclude that Alcoa (AA) could fall to $14 in the short term,...
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Tis the Season
Monday, January 11, 2010 - 6:28pm | 478Earnings season is under way! Alcoa (AA) the first company to report posted a narrower 4th quarter loss as aluminum prices rose and the manufacturing industry showed signs of improvement. The net loss was $277 million, or 28 cents per share, compared with a loss of $1.19 billion, or $1.49 per...
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Earning Season Starts: Alcoa Misses Q4 EPS View By 5c
Monday, January 11, 2010 - 5:22pm | 28Earning Season Starts: Alcoa (NYSE: AA) reports 1c ex-items versus 6c consensus. Alcoa reports Q4 revenues of $5.43 billion vs $4.82 billion.
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Aluminum on the Verge of Going Parabolic
Monday, January 11, 2010 - 4:33pm | 184What do ALCOA Inc. (AA), the Aluminum Corp. of China (ACH), and Century Aluminum Co. (CENX) have in common? They’re all part of a group that’s close to going parabolic…. a technical term that’s the intelligent way of saying they’re about to launch like a rocket. If they do (and that’s a big if,...
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Metals Roundup: Markets Await Alcoa Numbers (CLF, NUE, MT, AA)
Monday, January 11, 2010 - 2:21pm | 149Analysts at Deutsche Bank have rated Cliffs (NYSE: CLF), Nucor (NYSE: NUE) and ArcelorMittal (NYSE: MT) as Top picks in a recent report on the metals sector. Iron ore prices have been rallying in recent times due to several steel price increases announced in China. Ferrous scrap prices have also...
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CENX Would Continue To Benefit From Higher Aluminum Prices
Monday, January 11, 2010 - 2:21pm | 130Analysts at Credit Suisse maintain their "outperform" rating on Century Aluminum Company (NASDAQ: CENX), while raising their estimates for the company. The target price for CENX has been raised from $11 to $20. According to Credit Suisse, Century Aluminum is benefiting from the recent steep...
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Selling Volatility in Alcoa
Monday, January 11, 2010 - 10:48am | 165Alcoa (NYSE: AA) is scheduled to kick off the earnings season after the bell later today. Analysts are looking for 0.06 EPS on 4.82 billion in revenue. The stock has been on amazing run over the past two months, gapping higher and higher almost every day. Alcoa is in fact up another 3% today as...
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Stock Market News for January 11, 2010 - Market News
Monday, January 11, 2010 - 10:12am | 376A surprise drop in December nonfarm payrolls had stocks ambling back and forth for much of Friday, but a revised November report that showed first job gains in more than two years helped markets regain some ground towards the end. Ahead of the fourth-quarter earning season that kicks off this week...
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Stock Watch-List for January 11, 2010
Monday, January 11, 2010 - 9:56am | 188Happy Monday to you all! We have positive bias in the futures heading into today's market open with the Dow up 38 points, the Nasdaq up 6 and the S&P up 4.5 points. Not a bad way to start the week. Also of significance today is Alcoa (AA) is reporting earnings after the bell, which will kick...
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Stock Watch-List for January 11, 2010
Monday, January 11, 2010 - 8:56am | 187Happy Monday to you all! We have positive bias in the futures heading into today's market open with the Dow up 38 points, the Nasdaq up 6 and the S&P up 4.5 points. Not a bad way to start the week. Also of significance today is Alcoa (AA) is reporting earnings after the bell, which will kick...
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Alcoa Earnings Preview
Friday, January 8, 2010 - 5:15pm | 208Alcoa (NYSE: AA) will unofficially kick off earnings season on Monday when it reports fourth-quarter results. Alcoa's products appear in everything from jetliners to beverage cans and its performance is considered a key indicator of economic trends. Therefore, a strong report from Alcoa could lend...
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Stock Market News for January 08, 2010 - Market News
Friday, January 8, 2010 - 10:16am | 540A day before the government’s eagerly awaited December employment report, market participants refrained from making big moves even as hope grew the nation will break a 23-month streak of job losses. Stronger-than-expected retail sales number, nevertheless, helped calm nerves as concerns about...
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Company News for January 07, 2010 - Corporate Summary
Thursday, January 7, 2010 - 10:20am | 232• General Motors' CEO Whitacre promised the company's first year of profitability in 2010 following five years of losses • Microsoft's (NYSE:MSFT) CEO Ballmer's opening address in Las Vegas focused on the company's touch-tablet from Hewlett-Packard (NYSE:HPQ), planned for introduction this year • ...