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Can The U.S. Dollar Index Decline Enough To Keep Markets Afloat?
Thursday, June 16, 2011 - 10:22am | 236Before the opening bell rang at the New York Stock Exchange, the U.S. Dollar Index was surging higher again. Around 8:35 am EST, the U.S. Dollar Index began to decline. Once the U.S. Dollar Index began to sell off the major stock market indexes started to rally and trade higher. It is important to...
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Deutsche Bank Updates 6/16
Thursday, June 16, 2011 - 9:21am | 1197Deutsche Bank explained a number of updates in a research report published today. Deutsche Bank initiated its coverage of KKR Financial (NYSE: KFN) with a Buy rating and a price target of $12.50. In the report, Deutsche Bank states, "KKR Financial continues to give attractive returns, as it...
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Stocks to Watch for 6/16/11: Fresh 52-Week Highs and Lows
Thursday, June 16, 2011 - 2:28am | 2229The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...
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Fast Money Picks For June 16th (GLD, TTM, NTAP, KMP, AKS)
Wednesday, June 15, 2011 - 8:11pm | 267CNBC Fast Money's Brian Kelly said on the show that he is a buyer of SPDR Gold Trust (ETF) (NYSE: GLD). SPDR Gold Trust (ETF) (GLD) gained 0.30% today, and it closed at $149.12. Tim Seymour likes Tata Motors Limited (ADR) (NYSE: TTM), and he wants to buy it tomorrow. Tata Motors Limited (ADR) (TTM...
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Transcontinental Flight to Safety 06-15-2011
Wednesday, June 15, 2011 - 6:28pm | 933Cusick's Corner Well, we just took a ride on the transcontinental flight to safety and for some of us this has been neither a cheap nor enjoyable flight, especially with the Euro dumping over 2% against the Buck. There was a small lift after the lows on the close but we are at critical levels on...
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Opa! Short Gyros, Long Windex 06-15-2011
Wednesday, June 15, 2011 - 3:06pm | 1007Cusick's Corner On the surface the catalyst of this latest pullback is Greece. But the reality is that it's a larger mix of a strong Dollar, weak Euro with potential contraction of economic growth and a bad CPI that are the true catalysts. While I am surprised about the strength of the push to...
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Mechel Reports Halt of Sibirginskaya Mine at Southern Kuzbass Coal Company
Wednesday, June 15, 2011 - 10:38am | 175Mechel OAO (NYSE: MTL) reports the temporary halt of the Sibirginskaya mine owned by Southern Kuzbass Coal Company OAO, which is part of Mechel Mining OAO. At the Sibirginskaya mine, a heightened level of fire gases was detected in the mined-out area of the long wall 3-1-9, which indicates self-...
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Benzinga's Volume Movers
Wednesday, June 15, 2011 - 10:31am | 174Universal Stainless & Alloy Products Inc (NASDAQ: USAP) shares surged 5.60% to $33.01 at 10:30 am. The volume of USAP shares traded was 461% higher than normal. USAP announced its plans to buy the assets of Patriot Special Metals of North Jackson, Ohio, for around $104.5 million NetApp Inc (...
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China Precision Steel Announces Retirement of Chairman
Wednesday, June 15, 2011 - 9:04am | 109China Precision Steel, Inc. (Nasdaq: CPSL) announced today the early retirement of Dr. Wo Hing Li, the Company's Chairman and member of the Board of Directors, effective June 14, 2011, due to health related issues. Dr. Li is a co-founder of China Precision Steel and has been with the Company since...
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Nucor Lowers Guidance For Its Second Quarter Earnings; $0.75-$0.80 vs. $0.87 Estimate
Wednesday, June 15, 2011 - 9:04am | 289Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending July 2, 2011. Nucor expects second quarter results to be in the range of $0.75 to $0.80 per diluted share. This represents an increase of 160% - 180% over second quarter 2010 earnings of $0.29 per diluted share,...
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Deutsche Bank Updates 6/15
Wednesday, June 15, 2011 - 7:40am | 565Deutsche Bank provided updates a number of companies in a research report published today. Dana Corporation (NYSE: DAN) had its rating maintained at Buy and its price target was left unchanged at $22 after a meeting with the company's management. In the report, Deutsche Bank states, "Dana...
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No Guts, No Glory: Highest Beta Stocks In the Market
Wednesday, June 15, 2011 - 4:13am | 607High beta stocks have large price fluctuations, and thus, have big potential for profits. On the other hand, they also have big potential for losses. Traders love stocks with high beta values since it is, in essence, a way to maximize leverage and garner higher returns. Beta is a calculation of a...
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Universal Stainless Announces Agreement to Purchase Assets of Patriot Special Metals
Tuesday, June 14, 2011 - 4:30pm | 246Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it has signed an agreement to purchase the assets of Patriot Special Metals located in North Jackson, Ohio. Patriot Special Metals is a substantially completed greenfield facility that includes a state-of-the-art...
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18 Stocks Gaining Momentum
Tuesday, June 14, 2011 - 3:10pm | 195This is a stock screen similar to "Stocks That Are Breaking Down" (but just the exact opposite). A lot of these stocks are positioned for breakouts in the near future. If you are a momentum trader, you have to take a look at the charts of each of these stocks listed below. Each of the stocks below...
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Basic Materials Stocks Surging
Tuesday, June 14, 2011 - 12:57pm | 326The Basic Materials Sector was one of the worst performing areas of the market in yesterday's trading session. Today, however, it is the strongest, currently trading up 2.12% on the day. The best performing stocks currently in the S&P 500 Basic Materials Sector are: 1) Alpha Natural Resources...