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Stock Market News for March 23, 2010 - Market News
Tuesday, March 23, 2010 - 9:21am | 491Shares from the healthcare sector led the broader stock market higher Monday, as the contentious healthcare overhaul bill crossed the final hurdle after months of debate and uncertainty. The 10-year, $940 billion bill will extend insurance to 32 million Americans who are currently without coverage...
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Fast Money Picks For March 23rd (POT, BBY, ORCL, DD)
Monday, March 22, 2010 - 7:31pm | 159Joe Terranova said on CNBC's Fast Money that he thinks that Potash (NYSE: POT) has reached a bottom, temporarily. Terranova recommends a long position in this stock. Potash (POT) gained 1.49% today and closed at $122.96. Guy Adami thinks that it would be wise to go long on Best Buy Co., Inc. (NYSE...
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US Stocks Jump Up; Rally Driven By Health, Pharma Stocks (AXP, DD, MRK, PFE, MRK, THC, HMA)
Monday, March 22, 2010 - 3:48pm | 227US stocks have climbed today, driven the most by the healthcare sector. Healthcare stocks are rising as investors believe that the number of insured customers for hospitals and pharmaceutical firms may spike, with the passage of the reform bill. While the Dow Jones Industrial Average has jumped 47....
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Credit Suisse's Top Large Cap Pick Is Dow Chemical (DOW)
Monday, March 22, 2010 - 10:19am | 122Credit Suisse released a research report today indicating that their top pick in the large cap space is Dow Chemical (NYSE: DOW). After meeting with management, Credit Suisse analysts wrote, "we remain convinced that DOW offers the best risk/reward profile of the large cap names in the chemical...
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Stock Market News for March 19, 2010 - Market News
Friday, March 19, 2010 - 9:00am | 391Even as data suggested the economy is improving at a slow but gradual pace, investors were reluctant to buy stocks as potential policy changes and fresh signs of trouble in Greece kept sentiments jittery. However, the Dow average rose for an eighth straight day, its longest winning run since...
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Stock Market News for March 18, 2010 - Market News
Thursday, March 18, 2010 - 9:16am | 482U.S. stock market hit a fresh 17-month high Wednesday, with the Dow average registering its seventh straight advance, as a tame wholesale inflation data and hopes that borrowing costs would remain at historic lows for some time gave investors a sense of contentment. Unlike on earlier occasions,...
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DuPont Target Raised (DD)
Monday, March 15, 2010 - 12:31pm | 100UBS raised their price target on DuPont (NYSE: DD) after an investor visit to the company. UBS recently met with CEO Ellen Kullman and other senior management. DuPont continues to see volume momentum in its early cycle businesses and has higher operating leverage due to last year's fixed cost...
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U.S. Probing Possible Agribusiness Antitrust Violations (MON) (DD)
Friday, March 12, 2010 - 4:21pm | 147The US is taking allegations of monopolistic behavior in the agriculture industry seriously. U.S. Attorney General Eric Holder and Agriculture Secretary Tom Vilsack addressed a group of farmers, labor and consumer groups and corporate representatives at an Iowa college auditorium. The previous day...
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Materials ETF Sees Bearish Options Trade
Monday, March 8, 2010 - 3:40pm | 102The Materials Select Sector SPDR ETF (NYSE: XLB) is seeing some bearish options action today as 20,000 of the January 2011 30 puts were purchased. That trade was more than six times open interest in the strike and represents a bet the ETF will trade below $30 by early next year. The trade wasn't...
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Ashland Inc. (ASH) Downgraded To Neutral
Friday, March 5, 2010 - 9:28pm | 100Analysts Stephen Velgot and Kevin Kasten at SIG Susquehanna have downgraded Ashland Inc. (NYSE: ASH) from a Positive to a Neutral rating. The stock has been downgraded as it has reached the price target set by analysts’ at SIG. The shares of Ashland Inc. are currently trading at a multiple of 13....
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Susquehanna Cuts Ashland (ASH) On Valuation
Friday, March 5, 2010 - 3:05pm | 242Analysts at Susquehanna Financial downgrade Ashland Inc (NYSE: ASH) from “positive” to “neutral.” “We are downgrading shares of ASH to Neutral from Positive as the shares have reached our price target,” the analysts say. “With Ashland not scheduled to report the current quarter’s results until...
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Susquehanna Financial Downgrades Ashland Inc. (ASH) To Neutral
Friday, March 5, 2010 - 9:31am | 48Shares of specialty chemicals company Ashland Inc. (NYSE: ASH) were downgraded by Susquehanna Financial Group from a rating of Positive to a rating of Neutral. Ashland Inc. has a 52-week trading range of $5.35 to $50.94. Ashland closed Thursday trading down 0.52% at $50.09.
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Stock Market News for March 3, 2010 - Market News
Wednesday, March 3, 2010 - 10:18am | 426U.S. stock rose for a third straight session as hopes grew European leaders would soon find a resolution to Greece’s debt problems, and as key banking analyst Richard Bove said the banking industry is showing signs of stabilization. Recovery expectations gained further ground after Qualcomm...
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TPG Edges Apollo Out Of Styron (DOW) Race
Monday, March 1, 2010 - 3:55pm | 108The Wall Street Journal reports that private equity firm TPG seems to have won the race to acquire Dow Chemicals’ (NYSE: DOW) Styron plastics business. TPG edged out rival contender Apollo Management in the bid for Dow’s unit. Dow had put up Styron for sale in July 2009, and had estimated then...
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U.S Housing to Recover by 2011 – Warren Buffett
Monday, March 1, 2010 - 3:38pm | 271According to Bloomberg, Warren Buffett wrote to his Berkshire Hathaway (NYSE: BRK.A) shareholders in his annual letter that the U.S housing crisis in likely to be over by 2011. He said that the prices of the houses will mostly be below the ‘bubble’ level, but every seller of a U.S home will likely...