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Stock Market News for August 18, 2010 - Market News
Wednesday, August 18, 2010 - 9:52am | 1164A slew of better-than-expected economic data and activity on the mergers and acquisitions front boosted investors’ confidence yesterday, sending the Dow industrials into the positive territory for the year, even as Wal-Mart Stores and Home Depot reported upbeat earnings numbers. Material stocks...
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Deutsche Bank Raising Price Target On Potash Corp. (POT)
Wednesday, August 18, 2010 - 8:25am | 149Deutsche Bank is raising its price target on shares of Potash Corp. (NYSE: POT) to $150 and has a Hold rating after the potash producer received a bid from BHP Billiton (NYSE: BHP) yesterday. In a note to clients Deutsche Bank writes, "We are raising our price target on PotashCorp to $150 to...
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Before The Bell: A Peek Into The Markets Today
Wednesday, August 18, 2010 - 8:10am | 523After the highs of Tuesday, US stock futures slip today as investors are taking a breather after last session’s rallies. The DJIA futures are down 0.04% at 10, 362, the S&P 500 futures are down 0.13% at 1,088, and the NASDAQ futures are down 0.16% at 1,837. Read more here . The Potash (NYSE:...
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Cramer Sees Bidding War Intensifying For Potash
Wednesday, August 18, 2010 - 7:10am | 294In Tuesday’s "Stop Trading! Round," Mad Money boss Jim Cramer said that the bidding war for Potash Corp (NYSE: POT) “may have just begun.” He cited several companies apart from BHP Billiton (NYSE: BHP) that could be in the fray for POT. Cramer believes that it it’s over by a “long shot.” On Tuesday...
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Top 4 Stocks In The Agricultural Chemicals Industry With The Highest Profit Margin (CGA, TNH, POT, CMP)
Wednesday, August 18, 2010 - 5:31am | 150Below are the top agricultural chemical stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at China Green Agriculture Inc (NYSE: CGA) is 42.52%. Analysts at Maxim Group initiated coverage of CGA with a “hold” rating. The trailing-twelve-month profit...
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UK CPI batters sterling as risk sees appetite on back of POMOs & US IP
Wednesday, August 18, 2010 - 2:41am | 1323Again, from my previous post:I will be updating this blog on about a weekly basis with market commentary, as well as articles on specific topics. I will instead also be providing daily market commentary in newsletter .pdf format. If you would like to subscribe (for free) to the Shadow Capitalism...
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BHP May Take Potash Bid Hostile
Wednesday, August 18, 2010 - 12:42am | 149BHP Billiton (NYSE: BHP), the world's largest mining company, may take its nearly $39 billion acquisition offer for Potasah Corp. of Saskatchewan (NYSE: POT) after the Canadian fertilizer maker rejected BHP's unsolicited offer on Tuesday. BHP, which appears unlikely to raise its $130 per share...
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Mad Money Lightning Round OT Recap (AONE, SD, TCK, FCX)
Tuesday, August 17, 2010 - 7:48pm | 189Jim Cramer said on CNBC's Mad Money Lightning Round OT that A123 Systems, Inc. (NASDAQ: AONE) should be sold. He doesn't like the rechargeable batteries story, and he has been negative on it since it went public. A123 Systems (AONE) gained 2.65% today, and closed at $7.37. There was a lot of...
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There Is Very Little Mustard On This Rally
Tuesday, August 17, 2010 - 3:58pm | 514Today the major stock market indexes are all soaring higher by more than 1.5 percent. The BHP Billiton Ltd (NYSE: BHP) buyout offer for Potash Corp Sash Inc (NYSE: POT) has given new life into this market today. The rally is broad based as the energy and technology groups have joined the...
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Deflation Diverted or Delayed? - Analyst Blog
Tuesday, August 17, 2010 - 3:56pm | 939In July, the Producer Price Index (PPI) increased by 0.2% from June and was up 4.2% from a year ago. That increase was in line with consensus expectations. The increase comes on the heels of three straight declines and declines in four of the last five months. In June, the headline PPI fell by 0.5...
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Top Narrow Based Indexes For August 17 (CAGC, POT, IFSIA)
Tuesday, August 17, 2010 - 12:26pm | 220By 12:13 pm, the Dow Jones Industrial Average was up 138.32 points, or 1.34%, to 10,440.33, while the broader Standard & Poor's 500 index had gained 16.56 points, or 1.53%. The NASDAQ composite index rose 34.58 points, or 1.58%. Some of the narrow based indexes that are driving the market are...
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Stocks Skyrocket Due To Boost In Materials Sector (POT, BHP, HD, WMT)
Tuesday, August 17, 2010 - 12:14pm | 225US stocks climbed higher on Tuesday following a busy day so far in the materials sector with Potash Corp Saskatchewan (NYSE: POT) and Pactiv Corp (NYSE: PTV) dominating the headlines. The DJIA is up 142.29 points at 10,444.30, S&P 500 is up 17.25 points at 1,096.63, and the NASDAQ is up 36.29...
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Top Performing Industries For August 17 (POT, SR, IFSIA, BBW)
Tuesday, August 17, 2010 - 11:59am | 229At 11:21 am, the Dow gained 1.21% to 10,426.29, the broader Standard & Poor's 500 index moved up 1.40% to 1,094.54 and the NASDAQ composite index rose 1.55% to 2,215.66. The industries that are driving the market today are: Agricultural Chemicals: This industry jumped 9.40% by 11:21 am. The top...
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Mid-Day Market Movers (OSTE, IOT, POT, LGL)
Tuesday, August 17, 2010 - 11:16am | 146Osteotech Inc (NASDAQ: OSTE) jumped 63.71% to $6.45 at 10:22 am. Medtronic Inc (NYSE: MDT) has agreed to buy OSTE for about $123 million. Income Opportunity Realty Trust (AMEX: IOT) climbed 26.49% to $5.21. IOT has swung to profit in the second quarter. Potash Corp of Saskatchewan Inc (NYSE: POT)...
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Potash Corp. of Saskatchewan, Inc. (NYSE:POT) Rumor(BHP) will have to raise bid $10.00 to $15.00 to get deal done
Tuesday, August 17, 2010 - 11:09am | 50Potash Corp. of Saskatchewan, Inc. (NYSE: POT) Rumor(NYSE: BHP) will have to raise bid $10.00 to $15.00 to get deal done with (POT)..Company could not be reached ..