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CRH plc Craters Pre-market on Earnings Guidance (CRH)
Tuesday, August 24, 2010 - 8:47am | 108Shares of CRH plc (NYSE: CRH) are trading markedly lower in the pre-market following the company’s announcement that, due to the continued weakness in the construction sector, 2010 earnings before interest, tax, depreciation and amortization would be down by around 10% from last year. CRH is...
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Zacks Analyst Blog Highlights: Superior Industries International, Ford Motor, General Motors, Vulcan Materials Company and Moody's - Press Releases
Tuesday, August 17, 2010 - 11:47am | 1045For Immediate Release Chicago, IL – August 16, 2010 – Zacks.com Analyst Blog features: Superior Industries International, Inc. (SUP), Ford Motor Co. (F), General Motors (MTLQQ), Vulcan Materials Company (VMC) and Moody's Corp. (MCO ). Here are highlights from Friday’s Analyst Blog: Superior...
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Mid-Day Market Movers (RMX, CCBP, AAU, BYFC)
Tuesday, August 10, 2010 - 10:52am | 118Ready Mix Inc (AMEX: RMX) jumped 74.28% to $3.59 by 10:28 am. RMX has announced special cash dividend. Comm Bancorp, Inc (NASDAQ: CCBP) shares surged 50.19% to $38.75. CCBP is being bought by FNB Corp in a $70 million deal . Almaden Minerals Corporation (AMEX: AAU) shares advanced 27.83% to $1.47...
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Vulcan Faces Credit Rating Cut - Analyst Blog
Monday, August 9, 2010 - 5:51pm | 641Vulcan Material Co.’s (VMC ) corporate credit rating has been pruned to “BBB-” from “BBB” by the Standard & Poor’s Ratings Services (S&P). S&P assesses that the company’s performance will not match the expectations for the upcoming quarters. Its rating outlook, however, stays “stable...
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Mid-Day Market Movers (SKH, TA, RMX, ESA)
Monday, August 9, 2010 - 12:21pm | 152Skilled Healthcare Group Inc (NYSE: SKH) jumped 32.93% to $3.31 by 12:08 am. a SKH has filed a motion for mistrial or new trial as it claimed that the juror had concealed bias against the comapny. TravelCenters of America LLC Inc (AMEX: TA) shares surged 25.14% to $3.30. TA’s second quarter...
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Bookkeeping: Short Whirlpool (WHR), Global Payments (GPN), Gentiva Health Services (GTIV), Covering TNA
Friday, August 6, 2010 - 3:01pm | 981It could go either way in the intermediate term so without a clear signal I am going to add a few more hedges to the short side. It looks like that 1106.44 gap won't fill today unless we get our patented HFT bum rush in the last 10-20 minutes, so I am going to cover my TNA. I made a quick 3.5%...
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Citi Lowers Price On Vulcan Materials (VMC)
Wednesday, August 4, 2010 - 11:42am | 211Citi Investment Research is lowering its price target on Vulcan Materials Co (NYSE: VMC) after the company missed earnings estimates. It lowered the price to $45 from $47, but kept a Buy rating. In a note to clients, Citi writes, "With EPS at a loss per share of $0.19 compared to consensus profit...
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Martin Marietta EPS Estimates Reduced For 2010
Wednesday, August 4, 2010 - 9:33am | 59Martin Marietta Materials, Inc. (NYSE: MLM) reported 2Q EPS of $1.18 which was $0.06 below estimates from Jeffries International Ltd., causing a 11% lower EPS estimate for 2010. Full year EPS estimates drop from $2.45 to $2.18 and from $3.49 to $3.22 for 2011. Jeffries maintains its "buy" rating...
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Vulcan Misses Expectations - Analyst Blog
Tuesday, August 3, 2010 - 5:33pm | 612Vulcan Materials Co. (VMC) posted a profit of $20.5 million or 15 cents per share (excluding charges related to settlement of a lawsuit in Illinois and to flooding in Nashville, Tennessee) in its second quarter. The Zacks Consensus Estimate was pegged at 24 cents per share. In the year-ago period...
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Citi Rates Vulcan Hold, Has $47 Price Target (VMC)
Tuesday, August 3, 2010 - 10:28am | 178Citi Investment Research is rating shares of Vulcan Materials Co (NYSE: VMC) a Hold and has a $47 price target after the industrial company reported weak earnings yesterday. In the report Citi Investment Research writes, "We rate Vulcan Hold/High Risk (2H). While we continue to believe that the...
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Vulcan Materials Rated Hold At Jefferies After Disappointing Quarter (VMC)
Tuesday, August 3, 2010 - 10:03am | 135Jefferies & Co. is keeping its Hold rating and $56 price target on Vulcan Materials (NYSE: VMC) after the industrial company reported disappointing earnings yesterday. In the report Jefferies writes, "Yesterday evening (Monday 2 August) after markets closed, Vulcan reported Q2-2010 EPS of a...
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Stocks To Watch For August 2 (VRSN, HUM, VMC, NRG)
Monday, August 2, 2010 - 7:23am | 142Some of the stocks that may grab investor focus today are: Wall Street expects VeriSign Inc (NASDAQ: VRSN) to post Q2 EPS at $0.24.VRSN's shares fell 1.05% to close at $28.15 on Friday. Analysts are expecting Humana Inc (NYSE: HUM) to have earned $1.63 per share in the second-quarter. HUM's shares...
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Big Ben Chimes In 07-21-2010
Wednesday, July 21, 2010 - 6:41pm | 708Cusick's Corner After hearing Big Ben state that there’s “unusual uncertainty” concerning our nation’s economic outlook, market players were not really enthusiastic. Market volatility picked up after these statements -- the VIX finished up 1.71, putting more pressure on stocks. Keep an eye on the...
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Market Waiting on Bernanke Talk 07-21-2010
Wednesday, July 21, 2010 - 3:26pm | 845Cusick’s Corner Financials are leading the way with positive results from Wells Fargo (WFC) and Morgan Stanley (MS), where both signaled that their trading and credit risks have diminished considerably. This has the market in a tight choppy range into the Midday and with the Fed Chief talking this...
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Puts Purchased on Cemex SAB (CX)
Wednesday, July 21, 2010 - 2:37pm | 148Shares of Cemex SAB (NYSE: CX) are lower on the session by 1.44%, currently trading at $9.56.The stock has been moving largely sideways for the past six months, though is trading below both the 50-day and 200-day moving averages. Options traders are buying puts on the name today. The January 2012...