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Citi Downgrades Cemex to Hold, Reduces PT to $9.50
Monday, July 25, 2011 - 9:03am | 57Citi downgraded its rating on Cemex (NYSE: CX) from Buy to Hold. At the same time, the rating agency reduced its price target on the company's stock from $12.50 to $9.50. On Friday, CX closed the day at $7.50. Its shares lost 2% of their value in today's pre-market trading to stand around $7.35.
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Benzinga's Top Upgrades
Friday, July 22, 2011 - 7:37am | 135Analysts at Nomura upgraded CRH PLC (NYSE: CRH) from “neutral” to “buy.” CRH's shares closed at $20.71 yesterday. CRH's trailing-twelve-month revenue is $24.43 billion. Analysts at Benchmark Company upgraded DigitalGlobe Inc (NYSE: DGI) from “hold” to “buy.” DGI's shares closed at $25.36 yesterday...
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Jefferies Reports Disappointing Earnings For Texas Industries
Thursday, July 14, 2011 - 7:56am | 69According to Jefferies, Texas Industries (NYSE: TXI) saw disappointing Q4 earnings. Jefferies said that Q4-2011 (March 2011-May 2011) underlying loss of $0.57 per share was $0.31 worse than its estimate and $0.30 worse than the Thompson Reuters consensus estimate. “The miss relative to our...
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Top 4 NYSE Stocks In General Building Materials Industry With The Highest Operating Margin
Wednesday, July 13, 2011 - 5:19am | 121Below are the top general building materials stocks on the NYSE in terms of operating margin. The trailing-twelve-month operating margin at LSB Industries Inc (NYSE: LXU) is 13.04%. LXU's PEG ratio is 1.27. The trailing-twelve-month operating margin at Valspar Corporation (The) (NYSE: VAL) is 11....
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Hottest and Coldest Sectors for Friday 7/8/11
Friday, July 8, 2011 - 5:24pm | 1918The S&P 500 lost 9.4 points, or 0.7%, in Friday's trading session, as a weaker-than-expected jobs report put an end to the recent market rally. The SPX is now 26.78 points lower than its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Friday's session is as follows...
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Options Brief: Vulcan Materials Company
Thursday, July 7, 2011 - 12:35pm | 71Shares of Vulcan Materials Company (NYSE: VMC) are higher on the session by 1.14%, trading at $39.78. Overall put volume is now running at 14.55x the daily average, with 56% of all puts traded being purchases on the offer. 11,842 contracts have traded on the session so far. Vulcan Materials...
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Jefferies Lowers PT on Cemex to $11
Wednesday, July 6, 2011 - 9:14am | 120Jefferies is out with its report today on Cemex (NYSE: CX), lowering its PT from $12 to $11. In a note to clients, Jefferies writes, "We are reducing our EBITDA estimates by 3% for this year and by 6% for 2012 and lowering our price target from $12 to $11. As the latter is 27% above the current...
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Morgan Stanley Downgrades Cemex To Underweight
Tuesday, July 5, 2011 - 8:19am | 19Morgan Stanley has downgraded Cemex (NYSE: CX) from Equal-weight to Underweight.
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Scotia Capital Initiates Coverage of Harry Winston Diamond with Outperform and PT of $22.50
Tuesday, July 5, 2011 - 6:16am | 40Scotia Capital initiated coverage of Harry Winston Diamond (NYSE: HW) with an Outperform rating and a price target of $22.50. On Friday, Harry Winston lost 1.28% of its value to finish the week at $3.09.
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Top Performing Industries For June 30
Thursday, June 30, 2011 - 12:06pm | 169At 12:02 pm, the Dow rose 1.17% to 12,405.29, the broader Standard & Poor's 500 index moved up 1.00% to 1,320.52 and the NASDAQ composite index gained 1.23% to 1,320.52. The industries that are driving the market today are: Semiconductor - Specialized: This industry jumped 3.26% by 12:02 pm....
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Top Narrow Based Indexes For June 29
Wednesday, June 29, 2011 - 10:38am | 177By 10:35 am, the Dow Jones Industrial Average was up 28.04 points, or 0.23%, to 12,216.73, while the broader Standard & Poor's 500 index had surged 5.77 points, or 0.44%. The NASDAQ composite index rose 3.75 points, or 0.14%. Some of the narrow based indexes that are supporting the markets...
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Thursday's Put/Call Ratio Leaders
Thursday, June 23, 2011 - 12:29pm | 79Here are today's Put/Call Ratio leaders… 1. Alere Inc. (NYSE: ALR) 2,790 puts, 126 calls 2. Genworth Financial Inc. (NYSE: GNW) 3,183 puts, 252 calls 3. Cemex (NYSE: CX) 3,156 puts, 279 calls 4. PNC Financial Services Group (NYSE: PNC) 16,575 puts, 1,555 calls 5. Zions Bancorporation (NASDAQ: ZION...
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Jefferies Retains Buy Rating On VMC
Monday, June 20, 2011 - 7:51am | 102Jefferies is maintaining its Buy rating and its $51 price target on Vulcan Materials (NYSE: VMC) as estimates are lowered on the stock. Says Jefferies, in the report, “Following Vulcan's updated estimates (16 June) of the impact of its $1.1bn bond issue and $275m tender offer, we are reducing...
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Bears Stop for a Pic-a-Nic 06-17-2011
Friday, June 17, 2011 - 4:37pm | 981Cusick's Corner The market is now just off its best levels but for the most part we are seeing a market bounce on positive headlines and the shorts are stepping aside at this stage. Now this can be expected to happen over the next few sessions, especially since the market just was brutalized over...
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Bottom-Picking - Leave It to the Proctologists 06-16-2011
Thursday, June 16, 2011 - 3:54pm | 1053Cusick's Corner I am not going to try to pick a bottom here but the landscape of the market is bearish. This move to the downside has potentially raised consumer hopes that this recent pullback in crude might (and I stress MIGHT) be reflected at the pump but I am not holding my breath. The equity...