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Newmont Mining Posts Strong Earnings (NEM)
Thursday, February 25, 2010 - 12:31pm | 122Newmont Mining (NYSE: NEM) reported strong earnings this morning before the opening bell. The Denver, Colorado based company earned $558 million or $1.13 per share compared to $4 million or $0.01 per share in the year ago period. Adjusted earnings, which do not include extra items and are...
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Company News for February 25, 2010 - Corporate Summary
Thursday, February 25, 2010 - 10:42am | 173• HJ Heinz (NYSE:HNZ) beat Zacks estimates with fiscal third quarter results of 83 cents, ahead of Zacks estimates of 80 cents, on inline revenues of $2.68 billion • Newmont Mining (NYSE:NEM) sharply beat estimates with fourth quarter results of $1.13, well ahead of Zacks projections of 76 cents...
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Stock Market News for February 25, 2010 - Market News
Thursday, February 25, 2010 - 10:40am | 491It was a Bernanke-based rally on the Wall Street Wednesday. Comments from the Federal Reserve Chairman in his semi-annual testimony before Congress drew widespread applause from investors and helped stocks end a two-day losing streak. The Fed chairman noted the economy still needed “accommodative...
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Benzinga’s Earnings Roundup (CRI, H, NEM, NIHD)
Thursday, February 25, 2010 - 9:28am | 311Carter's, Inc. (NYSE: CRI) reported today a fourth-quarter profit of $33 million, or $0.56 per share, from $27.5 million, or $0.47 per share, in the year-earlier quarter. Sales totaled $424.7 million, up from $422.1 million in the year ago period. Carter's closed at $28.50 in the last trading...
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Benzinga’s Top Pre-Market Losers (STEC, CENX, ACAS, GOLD, SBIB)
Wednesday, February 24, 2010 - 9:53am | 283STEC, Inc. (NASDAQ: STEC) decreased 29.43% to $9.47 in the pre-market session. STEC reported yesterday that it expects to report an adjusted per-share loss of $0.11 to $0.13 per share for the first quarter and revenue is expected to come in between $33 million to $35 million. The 52-week trading...
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Making Money When its Available
Tuesday, February 23, 2010 - 7:02pm | 798As traders we are always looking for our edge. Whether its 5 hours or 5 minutes we need to constantly be prepared. This preparation starts in the morning with formulating a plan for the day. What stocks on your list were weak/strong into the close? What were the important levels from the...
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Best Deals For February 23, 2010 As Believed By Fast Money Final Trade (F, HMY, MYL, SKS, RSH, S)
Tuesday, February 23, 2010 - 8:26am | 245According to Fast Money Final Trade on CNBC, today’s best trades are likely to be the following: Ford Motor (NYSE: F): Joe Terranova believes that investors should take a long position on F. F’s shares fell 0.18% to $11.19 in after hours trading. Harmony (NYSE: HMY): According to Tim Seymour,...
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Gold Fields (GFI) Lowers Production Guidance
Tuesday, February 23, 2010 - 8:22am | 82Gold Fields Ltd. (NYSE: GFI) announced on Tuesday that its fiscal 3rd quarter production would fall 5% from its earlier issued guidance of 850,000 ounces of gold. The company is replacing an important water pump column at its South African Kloof Gold Mine. Gold Fields expects production to be back...
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Fast Money Picks For February 23rd (F, HMY, MYL, SKS)
Monday, February 22, 2010 - 7:46pm | 135CNBC's Fast Money Tim Seymour said in the segment of the show called Final Trade that he would buy Harmony Gold Mining Co. (ADR) (NYSE: HMY) on Tuesday. Harmony (HMY) fell 1.51% and closed at $9.14 today. Joe Terranova likes Ford Motor Company (NYSE: F), while Pete Najarian recommends Mylan Inc. (...
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Benzinga’s Top Downgrades (ES, DGIT, CYBX, GSS, ETE)
Friday, February 19, 2010 - 11:52am | 274EnergySolutions Inc (NYSE: ES) was downgraded by FBR Capital from “outperform” to “underperform.” ES’ shares plunged 28.37% to $5.58 by 10:07 am. EnergySolutions has a 52-week trading range of $5.26-$10.70. Read more about this company here. BWS Financial downgraded DG FastChannel Inc (NASDAQ:...
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Benzinga's Intraday Sector Update
Thursday, February 18, 2010 - 11:22am | 208The early market sectors that are leading this market higher include: Conglomerates, Basic Materials, and Capital Goods. The market move feeds into my call yesterday that the market was taking a breather and that the higher beta names may run higher today. It is still early today, and as the oil...
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Goldcorp Reserves Up 5%
Thursday, February 18, 2010 - 10:32am | 135Analyst Lihor Abraham of Scotia Capital Markets maintains his "sector perform" rating on Goldcorp Inc (NYSE: GG). The target price for GG is set to $51. Goldcorp has released its updated reserves and resources numbers. According to Scotia Capital Markets, “We are glad to see successful conversion...
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Puts Bought in Yamana
Tuesday, February 16, 2010 - 2:25pm | 132Yamana Gold (NYSE: AUY) is seeing some bearish activity today, even as the stock rises 2.35%. The July $7.50 puts were purchased a short while ago 5,000 times, on the offer, for $0.23. These options are 31.25% out-of-the-money, which makes this trade certainly stand out. Yamana has already fallen...
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Gold futures Rise $27 An Ounce To Record Highs In Three Months (GLD, GDXJ, FCX, EGO)
Tuesday, February 16, 2010 - 1:06pm | 272Gold futures rose close to $1,100 today, marking the highest rise in three months, as investors speculated about a probable rise in demand for the metal due to concerns over the sovereign debt in Greece, despite Eurozone leaders trying to formulate a support plan. April gold rose $27, or 2.5%, to...
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US Stock-Index Futures Rise On Higher Commodity Prices, Better Earnings Results
Tuesday, February 16, 2010 - 9:58am | 218US stock-index futures advanced today, indicating that the Standard & Poor’s 500 Index may continue its upward trend as commodity prices pushed raw-material stocks higher. The index had seen its first rally in five weeks last week. Newmont Mining Corp (NYSE: NEM) and Alcoa Inc (NYSE: AA)...