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News Summary
Tuesday, June 8, 2010 - 12:54pm | 335According to the latest Employment Outlook Survey conducted quarterly by Manpower Inc (NYSE: MAN), US employers have positive hiring plans for Q3. The seasonally adjusted results show that net 6% of companies plan to hire in Q3, as compared to 5% in Q2 and -2% year-over-year. MAN’s Chairman and CEO...
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ASH: Valvoline Likely To Be Retained
Tuesday, June 8, 2010 - 12:40pm | 235Analysts at Deutsche Bank reiterate their "hold" rating on Ashland (NYSE: ASH). The target price for ASH has been reduced from $65 to $58. According to Deutsche Bank, the key highlight of the meeting was “CEO's assertion that Valvoline would be retained given its predictability and growth.” The...
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DuPont's Plenish High Oleic Soybeans Approved By USDA
Tuesday, June 8, 2010 - 8:16am | 93DuPont (NYSE: DD) announced it has reached a regulatory milestone and the final step of the U.S. regulatory process with confirmation from the United States Department of Agriculture (USDA) that its Plenish™ high oleic soybean trait has been approved for cultivation in the United States. "Obtaining...
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News Summary (MON, DOW, DD, BAYRY, BASFY, SYT, BP, OMNI)
Friday, June 4, 2010 - 12:40pm | 283Monsanto's (NYSE: MON) Roundup, the Farm Belt's most effective weedkiller, has grown ineffective in killing farm weeds as Hardy superweeds have become resistant to it and are invading fields. This has prompted chemical companies to use greater amounts of harsh old herbicides. These companies are...
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US Stocks Ended In The Black Yesterday Ahead Of May Employment Report
Friday, June 4, 2010 - 6:35am | 272US stocks closed marginally higher yesterday, with the energy and technology sectors leading the gains. However, profits remained modest ahead of the May employment data that is scheduled to be released today. In yesterday’s earlier trading hours, stocks rose in light of the mixed job reports....
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Deutsche Bank Reinstates Coverage Of Solutia With Buy Rating (SOA)
Thursday, June 3, 2010 - 10:37am | 130Deutsche Bank analysts released a research report today reinstating coverage of Solutia (NYSE: SOA) with a Buy rating and $20.00 price target. They wrote that "with the highest EBITDA margins in specialty chemicals (25% vs. 17% avg.), one of the best growth profiles in the industry (8-10% sales...
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Confirmation
Wednesday, June 2, 2010 - 7:50pm | 446Coming into the day my trading plan was short bias for the markets due to the sell off during the last hour of trading and to sell weak stocks such as Halliburton (HAL),AK Steel (AKS), Dow Chemical (DOW) and Macy’s (M); as you can see HAL and AKS open higher than yesterdays low and continued with...
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Dollar Firms Up 06-01-2010
Wednesday, June 2, 2010 - 3:32pm | 729Cusick's Corner The Dollar firmed up and bounced late in the day and the remaining currencies began a late day slide. This looked to have influenced a pull back in stocks and energies. Additionally, this debunked the potential bounce theory of the midday, and put the strength back into the hands of...
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Market Holds Gains 06-01-2010
Wednesday, June 2, 2010 - 3:30pm | 730Cusick's Corner The market has held its gains into the Midday in spite of a pounding early after the open. The short term market has been holding key support, SPY 108.50, at this stage supporting an argument for a potential run to the upside. As I stated last week, we continue to see a strong...
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Jefferies Lowers Estimates on DuPont (DD)
Wednesday, June 2, 2010 - 9:23am | 225Jefferies & Co. is out with an analyst note this morning where they reiterate their Buy rating on shares of DuPont (NYSE: DD). They have a $44.00 price target on the stock. Jefferies analysts cited a recent meeting with DuPont’s chair and CEO, where they addressed end market dynamics, M&A...
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With Interest Rates this low, Should Investors Look to Equity Dividend Yields?
Thursday, May 27, 2010 - 12:31pm | 1715Interest rates have moved lower recently due primarily to the financial scare across Europe. The two-year Treasury is yielding a paltry 87 bps. Even out 10 years, Treasuries are yielding about 3.25%. What is an income investor to do? Well, the recent sell-off in equities, accompanied by the...
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New Chlorine Price Could Boost OLN’s Profit
Wednesday, May 19, 2010 - 12:11pm | 148Analysts at Oppenheimer & Co reiterate their "outperform" rating on Olin (NYSE: OLN). The target price for OLN is set to $28. Post the increase in caustic price to $35 by PPG, OLN has announced its new chlorine price at $75 per ton, “which is on top of the previous industry-wide $75 and $80...
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Jefferies & Company Trims Estimates On DuPont (DD)
Monday, May 17, 2010 - 2:28pm | 154In a research report released by Jefferies & Co. today, the firm said that they are lowering 2010 EPS estimates for DuPont (NYSE: DD) $0.10 to $2.55 and 2011 estimates $0.05 to $3.00 to reflect potential F/X and end-market demand headwinds as a result of European volatility. The firm has a...
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DuPont To Acquire Stake In Chinese Chemicals Firm
Friday, May 14, 2010 - 12:43pm | 59DuPont (NYSE: DD), the Dow component and one of the largest U.S. chemicals makers, will acquire a minority stake in China-based Changshu 3F Zhonghao New Chemical Materials to boost its presence in the fluorochemical market. Financials terms of the deal weren't disclosed. The transaction must be...
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SAP to Acquire Sybase - Analyst Blog
Friday, May 14, 2010 - 10:45am | 766SAP AG (SAP) and Sybase Inc. (SY) announced that SAP's subsidiary, SAP America Inc., has signed an agreement to acquire Sybase Inc.in a transaction that will strengthen the two information technology (IT) leaders. SAP America Inc. will make an all cash tender offer for all of the outstanding...