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Alcoa Inc's (AA) Stock Down On Fears Over Aluminum Price
Wednesday, January 6, 2010 - 1:12pm | 162Shares of aluminum producer Alcoa Inc (NYSE: AA) fell nearly 3 percent on Tuesday on analyst fears that excess aluminum inventory might hold back a rally in the metal's price this year. In afternoon trading on the New York Stock Exchange, Alcoa Inc’s stock was down 2.8 percent at $16.18, even...
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XLB, XLK, XLY Sector ETFs Make 52 Week Highs
Monday, December 28, 2009 - 4:16pm | 184As U.S. markets opened higher in Monday morning trading, the SPDR Materials (NYSE ARCA:XLB), SPDR Technology (NYSE ARCA:XLK), and SPDR Consumer Discretionary (NYSE ARCA:XLY) ETFs all reached new 52 week highs. SPDR Materials (NYSE ARCA:XLB) reached a new 52 week high of $33.65 in early trading...
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Stock Market News for December 24, 2009 - Market News
Thursday, December 24, 2009 - 9:42am | 376U.S. stocks closed higher for a fourth day on Wednesday as disappointment over a surprise drop in home sales was offset by strength in technology and commodities-related shares. Stocks declined in early trading after a Commerce Department report noted new home sales fell to their lowest level...
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Is The Yield Curve Different This Time?
Tuesday, December 22, 2009 - 1:43pm | 126In an interesting irony, market participants are excited about a steepening yield curve which typically indicates high-growth, while the GDP was revised to 2.2% from 2.8%. The Dow Jones Industrial Average entered positive territory on Monday, and Alcoa (NYSE: AA) was the biggest gainer. Alcoa rose...
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Stock Market News for December 22, 2009 - Market News
Tuesday, December 22, 2009 - 10:18am | 497A series of corporate deal announcements and analyst upgrades of two Dow components returned to boost confidence on the Street and sent stocks sharply higher even as a controversial legislation to revamp the U.S. healthcare system inched closer toward finalization. The mergers and acquisition...
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Holiday Party May Be Starting As Alcoa Inc (NYSE: AA), Amazon.com, Inc. (NasdaqGS: AMZN) Jump
Monday, December 21, 2009 - 3:41pm | 565The markets are moving higher today on the back of solid moves from Alcoa Inc (NYSE: AA), Amazon.com, Inc. (NasdaqGS: AMZN), Intel Corporation (NasdaqGS: INTC) and JP Morgan Chase Co (NYSE: JPM). Volume has started to trail off and is expected to starting around 10:30am ET each day this week. This...
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Alcoa Inc. (AA) Gains 8.25% By Mid Day Trading Following Saudi Arabian Foray
Monday, December 21, 2009 - 1:58pm | 93Alcoa Inc. (NYSE: AA) soared by around 8.45% to $15.82 by mid-day trading on Monday, after the global aluminum giant indicated that it would tie- up with a Saudi Arabian mining company to invest $10.8 billion in an integrated aluminum project in Saudi Arabia. With this, Alcoa Inc. (AA) moves up...
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New 52-Week High Stocks (AA, INTC, MU, AET, NWSA)
Monday, December 21, 2009 - 11:47am | 195Alcoa Inc. (NYSE: AA) has made a new 52-week high at $15.74 and now up 7.68% to $15.70 on 18.45 million shares. Today, Morgan Stanley upgraded Alcoa and set a new price target of $22 a share. Intel Corporation (NASDAQ: INTC) has jumped2.85% to $20.20 on 13.04 million shares. Today, INTC has made a...
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Benzinga’s Top Upgrades (ONAV, PALM, RSO, INTC, AA, STX)
Monday, December 21, 2009 - 10:07am | 294Omega Navigation Enterprises, Inc. (NASDAQ: ONAV) was today upgraded by Cantor Fitzgerald from Sell to Hold. Omega Navigation Enterprises closed at $2.73 in the previous trading session. So far in 2009, ONAV plummeted over 55%. Palm, Inc. (NASDAQ: PALM) has climbed 1.77% to $10.35. Palm was today...
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Dragon To Drive Up Metals In 2010, Uncle Sam’s Dollar (USD) May Turn Spoiler
Friday, December 18, 2009 - 4:26pm | 136Citi (NYSE: C) Commodities Strategy, in a recent report, has stated that it expects metal price to move up due to the demand from China. However, a strengthening dollar may cause a short term downside. Commodities are seeing the return of speculators. Copper shipments, for example, from Southern...
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Top 5 Mid-Cap Stocks with Highest Profit Margins (AWC, LINE, MFA, CIM, AB)
Friday, December 18, 2009 - 8:58am | 176Below are the top 5 mid-cap stocks on the NYSE and the NASDAQ in terms of highest profit margins. The trailing-twelve-month profit margins of Alumina Ltd (NYSE: AWC) are 2,500%. AWC’s market capitalization is $3.79 billion. Credit Suisse upgraded AWC from “underperform” to “neutral.” The trailing-...
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New 52-Week High Stocks (AMD, AA, CBS, RCL, CENX, MRVL)
Wednesday, December 16, 2009 - 12:07pm | 328Advanced Micro Devices, Inc. (NYSE: AMD)(FREE stock trend analysis) has made a new 52-week high at $9.39 and now up 4.67% to $9.23 on 19.65 million shares. So far this year, AMD is up over 327%. The 52-week range for AMD is $1.86-$9.39. Alcoa Inc. (NYSE: AA)(FREE stock trend analysis) has soared 3...
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Stock Market News for December 14, 2009 - Market News
Monday, December 14, 2009 - 9:56am | 363Strong showing on the retail sales front and better-than-estimated consumer confidence data lifted hopes the economic recovery is strengthening, but gains were limited as the greenback strengthened against a basket of currencies and technology shares came under pressure. Consumer-related...
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Benzinga’s Top Gainers (SNSS, CBK, AA, NCR, ERJ)
Friday, December 11, 2009 - 11:50am | 259Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS)(FREE stock trend analysis) has soared 37.41% to $1.91 on 12.26 million shares. In the last 5 trading sessions, SNSS has gained over350%. Christopher & Banks Corporation (NYSE: CBK)(FREE stock trend analysis) has jumped 27.41% to $7.67 after...
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Stock Market News for December 11, 2009 - Market News
Friday, December 11, 2009 - 10:16am | 454US stocks rose for a second day on Wednesday as a decline in October trade deficit and signs of revival in the job market boosted confidence that an economic recovery is indeed underway. Although the Labor Department said weekly jobless claims rose more than expected, the average number of...