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Benzinga’s Top Upgrades (GAP, ORB, Q, PCU, RTEC)
Tuesday, February 2, 2010 - 10:07am | 281The Great Atlantic & Pacific Tea Company (NYSE: GAP) was upgraded today by BMO Capital Markets from Underperform to Market Perform. The Great Atlantic & Pacific Tea is now trading at $7.86, 1.55% up in the pre-market session. GAP closed at $7.74 in the previous trading session. In the last...
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Sohu Beats, Outlook Disappoints - Analyst Blog
Monday, February 1, 2010 - 10:00am | 909Sohu.com Inc.'s (SOHU) net income in the quarter fell year over year and quarter over quarter due to poor operating performance as operating expenses rose in the quarter. On a non-GAAP basis, net income was $39.3 million or 92 cents per share in the quarter, down from $59.0 million or $1.50 per...
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Do You Dare Bet Against Magical Mondays?
Friday, January 29, 2010 - 12:21pm | 537S&P 1085 continues to be the current floor - while we have a bounce, thus far it's pretty contained. We are right back to where we were mid afternoon yesterday where we are at an unattractive place to short, just being a 5ish points above the 1085, with an oversold bounce expected. Further, we...
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Freeport McMoran Copper & Gold (FCX) Hits 200 Day Moving Average
Thursday, January 28, 2010 - 2:48pm | 551Freeport McMoran & Gold (FCX) probably represents the "early cycle recovery, weak dollar" story in 2009 better than any other stock. It was to 2009 what oil was to 2007. Despite 5 year highs in copper inventories, and 1 country doing just about all the marginal buying - speculators rushed in...
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Stock Market News for January 28, 2010 - Market News
Thursday, January 28, 2010 - 10:23am | 423U.S. stocks staged a late-session advance, paring earlier losses, after the Federal Reserve decided to keep interest rates near historic lows for an “extended period" and Apple launched its new iPad tablet computer. While the decision to leave interest rates near zero packed few surprises, the...
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Metals Stocks Collapse Lower, Will There Be A Bounce? (NYSE:X), (NYSE:AA), (Nasdaq:CENX)
Wednesday, January 27, 2010 - 2:40pm | 704On December 28th, 2009, I stuck my neck out on the line once again to call for a 10% or more correction on metal stocks like United States Steel Corporation (NYSE: X), Alcoa Inc. (NYSE: AA) and Century Aluminum Company (Nasdaq: CENX). Below is a chart listing the prices when the call went out....
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First Trust Plans Copper, Platinum ETFs
Tuesday, January 26, 2010 - 4:11pm | 146ETF issuer First Trust plans to launch a copper ETF and a platinum ETF. The First Trust ISE Global Copper Index Fund and the First Trust Global ISE Platinum Index Fund will be listed on the Nasdaq and track equities, not the underlying commodity. The ETFs will hold miners, materials and refining...
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Monday charting
Monday, January 25, 2010 - 10:33pm | 1875The S&P 500’s breakdown is still the defining technical event to watch. On the short term, we may find some support around the 1080 level (which happens to be aroudn the 100DMA as well), which was support all through November and December and resistance back in September, but a breakdown...
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Current Technical Conundrum as Displayed in Chart of BHP Billiton (BHP)
Monday, January 25, 2010 - 12:37pm | 1040I thought it would be helpful to show the conundrum facing those who have a long history in the market, from a technical point of view - using an individual stock rather than the index. However, let's be clear that the S&P 500 chart is not much different than this stock - BHP Billiton (BHP) or...
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Peter Schiff On Fast Money
Friday, January 22, 2010 - 6:33pm | 204Peter Schiff said on Fast Money that he believes gold is going to go significantly higher in both the short term and the long term. He also said that Chinese monetary tightening is going to weaken the dollar and that the Chinese will stop buying treasuries. Peter Schiff has advocated a long gold,...
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Railroads, Copper Signal Limp US Economy Despite Trillions of Grandchildren's Money Sacrificed
Friday, January 22, 2010 - 9:00am | 2296Before you ask, no the headline is not sensationalist. While one can question the long term effects of all the treasure China is throwing at their economy, [Feb 16 2009: Is China Pulling an Alan Greenspan?] [May 27, 2009: How is China Spending Their Stimulus? ... and How Many Loans will go Bad?] ...
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Freeport-McMoran CEO Interviewed On CNBC (FCX)
Thursday, January 21, 2010 - 4:04pm | 189The CEO of high flying copper producer, Freeport-McMoran just appeared on CNBC to talk to Erin Burnett about his business. Richard Adkerson said that strong copper demand in 2009 came from China, which accounts for 40% of Freeport's (FCX) market. According to Adkerson, the Chinese internal economy...
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Company News for January 21, 2010 - Corporate Summary
Thursday, January 21, 2010 - 10:29am | 337• eBay (NASDAQ:EBAY) reported fourth quarter earnings of 44 cents a share, 4 cents better than expected, on revenues of $2.37 billion, which topped projections of $2.28 billion. According to CEO Donahoe, "We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional...
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China Halts Stock Market Rally (AA, CAT, X, BUCY, GLD)
Wednesday, January 20, 2010 - 2:25pm | 223U.S. stocks are sliding in their biggest one day drop since November. Commodities and industrials are leading the way down after China instructed some major banks to curb their lending over the rest of January. Alcoa (NYSE: AA), Caterpillar Inc. (NYSE: CAT), Freeport McMoran (NYSE: FCX) and the...
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Bookkeeping: Adding to BHP Billition (BHP) as "Gap" Fills
Wednesday, January 20, 2010 - 10:51am | 402BHP Billiton (BHP) filled a "gap" from last week, falling under $78 this morning - so we've added to the position with a limit purchase order that was sitting in the lower $78s; for some off reason I did not place the purchase price just below $78 where it should have been. This will increase the...