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X Games
Wednesday, August 18, 2010 - 3:56pm | 351One must really get a good laugh when looking at all the shenanigans played during options expiration week. Yesterday the Dow Jones Industrial Average rallied higher by more than 170.00 points only close the session higher by 103.00 points. This tells us that the large institutions took care of...
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X Games
Wednesday, August 18, 2010 - 3:56pm | 351One must really get a good laugh when looking at all the shenanigans played during options expiration week. Yesterday the Dow Jones Industrial Average rallied higher by more than 170.00 points only close the session higher by 103.00 points. This tells us that the large institutions took care of...
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2010 Fund Performance Period 8
Wednesday, August 18, 2010 - 3:35pm | 4979If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. Conditional launch date should be late October to mid November 2010. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked...
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Sector Leaders 08-18-2010
Wednesday, August 18, 2010 - 2:49pm | 903Cusick’s Corner Walking into the Midday, all major Equity Indices are positive with clear leadership to the upside in Tech, QQQQ, Commodities, MOO/COW, and Retail, XRT/TGT. We want to see if the rest of the market starts to exhibit this strength to the upside into the After Hours. We are still...
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U.S. Steel Explodes On Takeover Talk (X, MT)
Wednesday, August 18, 2010 - 2:45pm | 68Shares of U.S. Steel (NYSE: X) are surging today amid reports the company could be the target of a takeover deal. Luxembourg-based Arcelor Mittal (NYSE: MT) is the rumored buyer. Shares of U.S. Steel are up $3.06, or 6.47%, to $50.38. A reported offering price of $80 a share has been floated around...
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Calls Purchased on Commercial Metals Co. (CMC)
Wednesday, August 18, 2010 - 2:11pm | 128Shares of Commercial Metals Co. (NYSE: CMC) are higher on the session by 2.04%, currently trading at $13.97. The stock has been trading largely lower over the past six months and is trading in a downward trend. Options traders are betting that the stock breaks out of its recent downtrend and are...
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SID Downgraded to Underperform - Analyst Blog
Wednesday, August 18, 2010 - 1:40pm | 621We recently downgraded our recommendation for Companhia Siderurgica Nacional (SID) or CSN from Neutral to Underperform. Second Quarter Highlights On August 10, Companhia Siderurgica Nacional, one of the leading Brazilian steel makers, announced second quarter 2010 net income that surged 167%...
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Wednesday’s Mid-day Options Volume Leaders (C, POT, X, AAPL, MSFT, SPY)
Wednesday, August 18, 2010 - 12:10pm | 139The overall market is flirting with the flat-line this morning; currently the S&P 500 (NYSE: SPY) is lower by less than one point, trading at 1,091. The NASDAQ is performing slightly better, higher by 6.50 points on the session. Energy stocks are weak; the sector is lower by 1.3% at the moment...
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Carpenter Declares Cash Dividend of $.18
Wednesday, August 18, 2010 - 8:50am | 46The Board of Directors of Carpenter Technology Corporation (NYSE: CRS), at its meeting yesterday, declared a quarterly cash dividend of $.18 per share of common stock, payable September 3, 2010, to shareholders of record on August 31, 2010. The ex-dividend date is August 27, 2010.
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Materials Stocks Surging (CLF, CENX, FCX)
Tuesday, August 17, 2010 - 10:49am | 106Materials stocks are surging this morning after a better-than-expected reading on industrial production for July. The Federal Reserve said industrial production rose 1.0 percent in July on strong factory output from auto manufacturing. The results were better than the 0.7 percent expected. Capacity...
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X is on Fire this Morning. Resistance Levels in Sight
Tuesday, August 17, 2010 - 10:44am | 60United States Steel Corp (NYSE: X) is trading sharply higher by 1.95 to $47.37. The stock should face very good intra-day resistance around the $47.75 - $48.00 level. This is a likely intra-day pullback area for the stock, however, this one of the stronger stocks today. see chart:http://www....
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China Keeping the U.S. Markets Alive
Monday, August 16, 2010 - 10:52am | 355This morning the major stock market indexes in the United States all opened very poorly. However, since the open we have seen most of these important indexes recover most of the early losses and actually trade around the unchanged level on the trading session. There a few reasons for this type of...
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Northrop Wins Defense Contract - Analyst Blog
Friday, August 13, 2010 - 12:40pm | 572Aerospace and defense company Northrop Grumman Corporation (NOC) announced that it received A-Mod Mission Service Bus (MSB) Framework (AMBER) contract worth more than $400 million from the U.S Defense department. Through this AMBER contract Northrop will provide software and system support...
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Strong As Steel (X, AKS, NUE)
Friday, August 13, 2010 - 11:00am | 159It has been a tough week for American steel companies. Fears of falling Chinese demand for iron ore and concerns about slowing global economic growth hurt steel names this week. AK Steel (NYSE: AKS) has led the way down, shedding 13% for the week. U.S. Steel (NYSE: X) and Nucor Corporation (NYSE:...
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Dow Drowns in Sea of Double-Dip Fears
Thursday, August 12, 2010 - 7:37am | 389Fresh signs of trouble for the global recovery and the Fed’s gloomier economic forecast rocked Wall Street on Wednesday, breathing new life into fears of a double-dip recession and sparking a 265-point plunge on the Dow. Wednesday’s Markets The Dow Jones Industrial Average fell 265.42 points, or 2....