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Top 5 NYSE Stocks In The Industrial Metals And Minerals Industry With The Highest Gross Profits (ATI, CNX, BTU, WLT, ACI)
Wednesday, June 9, 2010 - 6:13am | 159Below are the top 5 industrial metals and minerals stocks on the NYSE in terms of gross profits. The trailing-twelve-month gross profits of Allegheny Technologies Inc (NYSE: ATI) stand at $1.45 billion. ATI’s quarterly earnings grew by 208.50% year-over-year. The trailing-twelve-month gross...
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Benzinga's Top ETF Gainers (EDC, ERX, UYM, DRN)
Tuesday, June 8, 2010 - 4:21pm | 245Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) closed 5.93% higher, as the MSCI Emerging Markets Index managed to rebound today. Petroleo Brasileiro SA (ADR) (NYSE: PBR) had a pretty good trading session, with an increase of 2.77%. The energy sector traded higher today, along with...
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trading your pre planned ideas
Monday, June 7, 2010 - 10:17pm | 594My plan today was a short bias on the markets and to sell stocks in my list that showed weakest on the daily charts, such as AK Steel (AKS) and Best Buy (BBY). Looking at Fridays trading, I planned two scenarios that I felt had high probabilities of playing out. The markets where either going to...
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Some New 52-Week Lows (NBG, AKS, STP)
Monday, June 7, 2010 - 7:47pm | 81Here are some stocks that hit fresh 52-week lows in trading today: National Bank of Greece (NYSE: NBG) lost 5.60% and made a new intraday 52-week low of $2.16. AK Steel (NYSE: AKS) shed 5.10% and hit a new intraday 52-week low of $12.62. Suntech Power Holdings (NYSE: STP) lost 4% and hit a new...
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Merger Arbitrage Mondays – June 07, 2010
Monday, June 7, 2010 - 5:32am | 4760The activity on the Merger and Acquisition front increased once again last week with seven new deals announced and four deals closing. We are also happy to report the beta launch of a new tool that will let you see the spreads on deals in almost real time. This tool automatically calculates the...
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Stocks Drop On Jobs, EU Worries 06-04-2010
Friday, June 4, 2010 - 5:20pm | 813Cusick’s Corner There was very little green in the market this afternoon, other than the Bond and Gold markets, with the employment numbers so bad and the EU continuing to suck us right back in to the proverbial you-know-what. The market was not able to put together any sustained push to the...
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Steel Stocks Slammed (X, AKS, NUE, MT)
Friday, June 4, 2010 - 2:40pm | 111Shares of Steel Companies are seeing heavy selling pressure today as commodities slip in the face of a stronger dollar and weaker euro. A weak labor report reignited doubts about the strength of the economic recovery, leading investors to dump stocks and flee to cash and bonds. U.S. Steel (NYSE: X...
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Keep Tight Risk and Capital Management 06-04-2010
Friday, June 4, 2010 - 2:14pm | 777Cusick’s Corner The trader in me is throwing my arms up, or at the very minimum not holding a bias. If I am in the market then I am trading, meaning tight risk and capital management. I expect this whippy action to continue into the After Hours. Watch the key levels that I discussed last night (...
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U.S. Steel No Longer Conviction Buy (GS, X)
Friday, June 4, 2010 - 11:45am | 76U.S. Steel (NYSE: X) has been removed from Goldman Sachs' (NYSE: GS) vaunted "Conviction Buy" list. Goldman added the stock to its "Conviction Buy" list on May 13. Shares of U.S. Steel were trading around $57 then and trade around $43 today, down roughly 24.5 percent. U.S. Steel has significant...
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Benzinga’s Top Downgrades (X, NLC, HOS, HWD, NE)
Friday, June 4, 2010 - 10:28am | 183US Steel (NYSE: X) was downgraded by Goldman from “conviction buy” to “buy.” Shares of X fell 1.22% to $45.28 by 9:02 am. X’s earnings are expected to fall by 158.02% this year. JP Morgan downgraded Nalco (NYSE: NLC) from “overweight” to “neutral.” NLC’s shares rose 0.64% to $22.15 by 9:02 am. NLC...
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Benzinga's Top ETF Decliners (UYM, AGQ, EDC, XME)
Thursday, June 3, 2010 - 12:58pm | 233ProShares Ultra Basic Materials (ETF) (NYSE: UYM) is trading lower today, along with the basic materials sector. Alcoa Inc. (NYSE: AA) and United States Steel Corporation (NYSE: X) are facing big pressure. Alcoa (AA) lost 2.5% and US Steel (X) dropped 3.45% so far. Silver prices are heading lower...
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Materials Underperforming (AA, X, CLF, FCX)
Thursday, June 3, 2010 - 12:29pm | 95Materials stocks are comfortably lower in mid-day trading with selling accelerating in the last 30 minutes. A stronger euro may be contributing to the selling pressure in the following materials names. Alcoa (NYSE: AA) is down 35 cents, or 3.05%, to $11.13. U.S. Steel (NYSE: X) is down $1.71, or 3....
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Confirmation
Wednesday, June 2, 2010 - 7:50pm | 446Coming into the day my trading plan was short bias for the markets due to the sell off during the last hour of trading and to sell weak stocks such as Halliburton (HAL),AK Steel (AKS), Dow Chemical (DOW) and Macy’s (M); as you can see HAL and AKS open higher than yesterdays low and continued with...
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VIX Drops 15% 06-02-2010
Wednesday, June 2, 2010 - 6:24pm | 664Cusick’s Corner The VIX dropped even more in the afternoon -- falling 15% in today as the SPX rallied and came back from yesterday’s drop (see Index Trading). The morning appeared a little shaky but in the afternoon Energies, Financials and Materials started the broader market’s push even higher...
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GFI Group to Present at Sandler O'Neill Partners Global Exchange and Electronic Trading Conference (GFIG)
Wednesday, June 2, 2010 - 4:20pm | 251GFI Group Inc. (NASDAQ: GFIG) announced today that its Chairman and Chief Executive Officer, Michael Gooch, will present at this year's Sandler O'Neill + Partners Global Exchange and Electronic Trading Conference in New York, New York on Thursday, June 3, at 3:00 p.m. EDT. A live audio web cast of...