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Top Performing Industries For July 20 (HOG, MEA, ACH, FCX)
Tuesday, July 20, 2010 - 12:54pm | 201At 11:22 am, the Dow lost 0.50% to 10,103.99, the broader Standard & Poor's 500 index moved down 0.27% to 1,068.33 and the NASDAQ composite index fell 0.63% to 2,184.36. The industries that are driving the market today are: Recreational Vehicles: This industry jumped 6.90% by 11:22 am. The top...
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IBM's 2nd Quarter, In-Depth - Analyst Blog
Tuesday, July 20, 2010 - 9:36am | 1284Tech giant International Business Machines Corp. (IBM) reported second quarter 2010 earnings that marginally beat the Zacks Consensus Estimate. The current quarter profitability was fueled by cost controls, margin expansion due to a shift to the higher-margin software business and increased sales...
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Keep an Eye on Copper Throughout the Day (FCX, JJC)
Tuesday, July 20, 2010 - 9:10am | 125Copper is currently positive pre market, up over 1%. As a former oil&gas analyst and commodity bull, I tend to pay more attention to copper and iron ore than most leading indicators. Something isn't right here and I can't quite put my finger on it. I wouldn't expect a technical bounce on a...
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Benzinga’s Top Upgrades (BHP, PPG, BMRC, HURN)
Tuesday, July 20, 2010 - 8:56am | 161BHP Billiton Limited (NYSE: BHP) was upgraded by Barclays Capital from "equal weight" to "overweight." BHP’s shares closed at $66.03 yesterday. BHP Billiton’s quarterly earnings soared 133.93% y/y. Morgan Stanley upgraded PPG Industries Inc (NYSE: PPG) from "equal weight" to "overweight." PPG’s...
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A Look Ahead at Earnings Next Week
Friday, July 16, 2010 - 2:23pm | 970With the S&P 500 grasping at 1070, and yet another "90% day" as the student body has run back to the left ("risk off" stampede), let's take a look ahead at the key reports next week; both for the greater market and what we have our eyes on. The next 3 weeks are the heart of the earnings season...
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HSBC Upgrades BHP To Overweight
Friday, July 16, 2010 - 6:37am | 39Analysts at HSBC upgrade BHP Billiton Limited (NYSE: BHP) from "neutral" to "overweight." BHP’s shares closed at $67.50 yesterday. More Analyst Ratings here
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Dahlman Rose & Co. Lowers Price Target on Thompson Creek Metals (TC)
Thursday, July 15, 2010 - 3:01pm | 270Dahlman Rose & Co. just issued a research report, where it lowers its price target on shares of Thompson Creek Metals Co. Inc. (NYSE: TC) from $18.00 to $13.50; it also reiterated its Buy rating on the stock. The Dahlman Rose analysts said, “Thompson Creek Metals Company is acquiring Terrane...
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Dollar Weakens...And So Do Commodities (FCX, X, AA)
Thursday, July 15, 2010 - 2:39pm | 169The U.S. dollar is coming under pressure today after soft inflation and economic data spurred worries that the U.S. recovery may be sputtering out. Data today showed the third straight monthly decline in producer prices. The PPI now has its longest losing streak since the worst days of the...
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“Stop Trading!” Jim Cramer Thinks INTC Is Undervalued
Thursday, July 15, 2010 - 6:57am | 289In his Wednesday’s “Stop Trading!” segment aired on CNBC, Jim Cramer said that Intel (NASDAQ: INTC) is undervalued and those who are ignoring the stock are in a "wrong." He emphasized, “I think people should listen to [Intel's] conference call." Although he accepted that analysts "hate" the stock,...
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10 Large-Caps With Fastest Sales Growth
Wednesday, July 14, 2010 - 7:58am | 362BOSTON (TheStreet) -- Investors concerned about a double-dip recession can shield themselves with large-cap companies with a global reach and ample cash to withstand a sales slowdown. The following 10 companies increased sales at an annualized rate of at least 34% in the past three years, which was...
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Fast Money Picks For July 14th (AA, KSU, FCX, HPQ)
Tuesday, July 13, 2010 - 7:09pm | 157CNBC Fast Money's Tim Seymour recommended investors to buy Alcoa Inc. (NYSE: AA) on Wednesday. Alcoa (AA) posted better than expected results on Monday, and it gained 1.2% on Tuesday. Kansas City Southern (NYSE: KSU) is Guy Adami's pick for tomorrow. Kansas City Southern (KSU) gained 0.89% today,...
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Stock Market News for July 13, 2010 - Market News
Tuesday, July 13, 2010 - 9:25am | 605Last week, the Dow, S&P500 and Nasdaq each gained more than 5% as investors re entered the market, with expectations for better corporate earnings in the second quarter, after the two month sell-off. However, market observers are, for the most part, unclear about whether the market’s upward...
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Earnings Season Has Begun
Tuesday, July 13, 2010 - 8:23am | 413As usual Alcoa(AA) has kicked off the earnings season. Alcoa beat the street’s forecast for earnings per share for the second quarter with .13 per share against a .10 forecast. They reported stronger volumes and, favorable currency and energy costs that more than offset lower aluminum prices. ...
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Benzinga's After Hours Gainers (MBI, AA, ESV, FCX)
Monday, July 12, 2010 - 6:42pm | 211Among the notable stocks that are moving higher in the after hours trading session are MBIA (NYSE: MBI), Alcoa (NYSE: AA), Ensco (NYSE: ESV) and Freeport-McMoran (NYSE: FCX). MBIA (MBI) shares have risen 7.31% to $6.90 after Bruce Berkowitz's Fairholme Capital Management disclosed an 11.1% stake...
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Alcoa Driving Metals Higher (AA, X, FCX, CENX)
Monday, July 12, 2010 - 4:49pm | 105Alcoa (NYSE: AA) led off earnings season with a nice top and bottom-line beat. Revenue rose 22% year over year to $5.19 billion versus the $5.05 billion consensus. Earnings came in at 13 cents per share, a penny ahead of expectations. In after hours trading shares of Alcoa jumped 3.5% to $11.27....