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Benzinga's Top ETF Decliners (UYM, SLX, UCO, XME)
Monday, July 12, 2010 - 4:40pm | 218ProShares Ultra Basic Materials (ETF) (NYSE: UYM) closed 3.43% lower today, along with basic materials stocks like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Nucor Corporation (NYSE: NUE). FCX fell 4.18%, and NUE dropped 2.37% in today's trading session. Market Vectors Steel (ETF) (...
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Materials Stocks Slammed In Early Trading (X, AKS, FCX, AA)
Monday, July 12, 2010 - 10:33am | 130Stocks in the basic materials sector are getting slammed in early trading today. Steel names U.S. Steel (NYSE: X) and AK Steel (NYSE: AKS) are down 3.80% and 5.01%, respectively. Copper producer Freeport-McMoRan (NYSE: FCX) is down $1.98, or 3.00%, to $64.00 Aluminum maker Alcoa (NYSE: AA) is down...
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Negative 50/200 Cross Needs to Reverse 07-08-2010
Thursday, July 8, 2010 - 6:23pm | 730Cusick’s Corner Trading was in a tight range today and major markets closed up. With all the positive commentary and action in the market (especially how it held up after the Consumer Credit data), don’t put on rose colored glasses and simply be complacent with this new trend. We have a lot of...
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Top 4 Stocks In The Steel And Iron Industry With The Highest Operating Cash Flows (NUE, STLD, HSC, CMC)
Thursday, July 8, 2010 - 5:42am | 161Below are the top steel and iron stocks on the NYSE and the NASDAQ in terms of operating cash flows. The trailing-twelve-month operating cash flows for Nucor Corporation (NYSE: NUE) are $1.94 billion. Analysts at CIBC World Markets upgraded NUE from “sector underperform” to “sector perform.” The...
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Bid Lacks Conviction 07-07-2010
Wednesday, July 7, 2010 - 2:45pm | 749Cusick’s Corner This is a nice move to the upside that looks to be shaking out some of the shorts going into the Midday -- typical as far as moves go in a bearish trending market. Traders are hard pressed to position on the long side because the bid does not have the conviction that is necessary...
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AK Steel Draws Call Activity (AKS)
Wednesday, July 7, 2010 - 11:38am | 168Shares of AK Steel Holding Corp. (NYSE: AKS) are higher on the session by 6.77%, currently trading at $12.30. The stock has been trading largely lower over the past six months and is currently in a technical downtrend. Options traders are picking up some calls on the name today, though. The July $...
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Goldman Sachs Lowers Estimates on Schnitzer Steel (SCHN)
Thursday, July 1, 2010 - 11:45am | 295Goldman Sachs is out with a research report this morning, where it reiterated its Neutral rating on shares of Schnitzer Steel Industries (NASDAQ: SCHN); it has a $60.00 price target on the stock. The GS analysts said, “SCHN reported EPS from continuing operations of $1.43 per diluted share for its...
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Mad Money Lightning Round OT Recap (WAL, CYN, TRW, AKS)
Wednesday, June 30, 2010 - 8:11pm | 161Jim Cramer said on CNBC's Mad Money that he prefers City National Corporation (NYSE: CYN) instead of Western Alliance Bancorporation (NYSE: WAL). City National Corporation (CYN) fell 2.21%, and Western Alliance (WAL) dropped 3.63% today. TRW Automotive Holdings Corp. (NYSE: TRW) should be bought in...
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Benzinga’s Volume Movers (CTRP, HAYN, SYUT, NWS)
Tuesday, June 29, 2010 - 2:03pm | 168Companies that are down today on unusual volume are: Ctrip.com International Ltd (NASDAQ: CTRP) shares dipped 10.80% to $38.15 at 12:23 pm. The volume of CTRP shares traded was 329% lower than normal. Analysts at RBS downgraded CTRP to “hold.” Haynes International Inc (NASDAQ: HAYN) shares moved...
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Stocks To Watch For June 29 (ZZ, GIS, MU, WOR)
Tuesday, June 29, 2010 - 6:51am | 178Some of the stocks that may grab investor focus today are: Wall Street expects Sealy Corp (NYSE: ZZ) to post its Q2 EPS at $0.02. ZZ’s shares moved down 0.66% to close at $3.02 yesterday. The analysts are expecting General Mills Inc (NYSE: GIS) to have earned $0.82 per share in the fourth quarter....
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Cliffs Natural Resources Inc. Ranked Ninth on Bloomberg Businessweek's 50 Top Performers List
Monday, June 28, 2010 - 11:57am | 153Cliffs Natural Resources (NYSE: CLF) announced today it has been listed ninth in Bloomberg Businessweek's inaugural "50 Top Performers" list, which ranks U.S. corporations with the highest total returns for shareholders in the Standard & Poor's 500 stock index over the past five years....
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Nucor Not Expecting Scrap Prices To Remain Under Pressure For Balance Of 2010
Monday, June 28, 2010 - 9:54am | 145Analysts at Deutsche Bank maintain their "buy" rating on Nucor (NYSE: NUE). The target price for NUE is set to $50. During the conference with Deutsche Bank, “Nucor characterized demand as stable and it views recent 'caution' in the supply chain as a reaction to lower metallic (scrap/iron ore)...
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Stocks Going Ex Dividend the Fifth Week of June
Friday, June 25, 2010 - 2:45pm | 680Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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BW: CGM Focus's (CGMFX) Ken Heebner - a Hot Touch Gone Cold
Friday, June 25, 2010 - 11:03am | 1956It is amazing what a few years will do to you. Not 2 years ago Ken Heebner of CGM Funds was the most celebrated mutual fund manager since Peter Lynch. [May 28, 2008: Ken Heebner - America's Hottest Investor] His mad dash concentrated style broke the mold in a staid profession. [May 6, 2008:...
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Research in Motion Craters; Call Spreads Purchased (RIMM)
Friday, June 25, 2010 - 9:54am | 184Shares of Research in Motion LTD (NASDAQ: RIMM) are lower on the session by 7.64%, currently trading at $54.10. The stock is soft today after a lackluster earnings report. Shares are now trading at fresh 52-week lows. Options traders seem to be betting that a short-term bounce could ensue. The...