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Daily Quality Update from Ascendere Associates LLC - March 30, 2010
Tuesday, March 30, 2010 - 10:30pm | 678At the market close on March 30, 2010, 'high-quality' stocks in the Ascendere Long/Short Model Portfolio rose 0.11% and 'low-quality' stocks in the short portfolio declined -0.10%. Given the 120/80 long/short weighting, the portfolio appreciated 0.22% for the day. The model...
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When Will The U.S. Debt Become A Negative?
Tuesday, March 30, 2010 - 1:36pm | 326Since October 2008, the U.S. government has been spending a lot of money, most of which it currently does not have. Simply put, to keep the economy going the government has borrowed from other nations and from the Federal Reserve Bank. The major foreign debt holders are China, Japan, and Brazil....
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Stock Market News for March 29, 2010 - Market News
Monday, March 29, 2010 - 9:31am | 378U.S. stocks failed to build on to gains recorded earlier in the session and closed almost flat for a second consecutive day Friday as traders appeared uncertain about the market’s ability to build on to recent advances. Nevertheless, fears of a looming Greek default dissipated as European Union...
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Top 5 Stocks For March 29, 2010 (APOL, CALM, T, CAT, AKS)
Monday, March 29, 2010 - 6:17am | 208Analysts expect pay school operator, Apollo Group Inc (NASDAQ: APOL), to report its EPS at $0.81 for the latest quarter. APOL is set to announce its results before the market opens. APOL’s shares gained 1.81% to $62.39 in after hours trading. Read more about this company here. Cal-Maine Foods (...
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Ascendere Long/Short Model Portfolio End of Day Update: March 25, 2010
Friday, March 26, 2010 - 12:48am | 1064The Ascendere Long/Short Model Portfolio is a "tactical tilt" portfolio that buys the highest quality stocks and sells the lowest quality stocks while maintaining a net long or net short position at all times. While we re-balance the model every month, it ...
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Fast Money Picks For March 26th (MTL, AKAM, LULU, QCOM)
Thursday, March 25, 2010 - 9:17pm | 174CNBC Fast Money's Joe Terranova thinks that it would be good to sell QUALCOMM, Inc. (NASDAQ: QCOM) shares short tomorrow. QUALCOMM, Inc. (QCOM) gained 4.85% today. Tim Seymour believes that it is time to take profits in Mechel OAO (ADR) (NYSE: MTL). In today's trading session Mechel OAO (ADR) (MTL...
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Market Reversal After Master Level Hit, Insane. (NYSE:SPY), (NYSE:X), (NYSE:JPM), (NYSE:BBY)
Thursday, March 25, 2010 - 4:58pm | 549The markets gapped higher today, surging like the usual fluffy, happy market we have seen since the February 5th, 2010 bottom. Volume was extremely light but a Master Level was lurking according to my hardcore calculations. Over the last two weeks, I had been trying to figure out why, when and...
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Options Trades in Wynn (WYNN): Thinking Beyond “Buy” or “Sell”
Thursday, March 25, 2010 - 12:06pm | 1807Casino stocks have been active of late, as takeover rumors spurred renewed interest in the sector. In Tuesday’s edition of Mad Money, Jim Cramer said he prefers Wynn Resorts (WYNN) to Las Vegas Sands (LVS); last week, he said WYNN was better than MGM Mirage (MGM). It appears that Mr. Cramer is...
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Under The Hood: EGS INDXX Brazil Infrastructure ETF
Thursday, March 25, 2010 - 4:11am | 248The Emerging Global Shares EGS INDXX Brazil Infrastructure ETF (NYSE: BRXX) is among the newest offerings to the arena of bullish Brazil-specific ETFs, making its debut a month ago. Depsite that short trading history, the ETF Professor thought it would be a good idea to a take a look at BRXX due to...
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Cramer's Lightning Round Picks (MICC, SKS, TIF, JWN, RL, ST, ZMH, ABT, PM, BGCP, X, NUE)
Wednesday, March 24, 2010 - 9:55pm | 344CNBC Mad Money's Jim Cramer was pretty bullish while answering fans' questions in the Lightning Round. He said that he always liked Millicom International Cellular SA (USA) (NASDAQ: MICC) and that the caller should hold his long position. Cramer likes Saks Incorporated (NYSE: SKS). He thinks it is...
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U.S. Equity Market Preview (ADBE, AKS, CNX, DRI, GIS)
Wednesday, March 24, 2010 - 9:26am | 310Shares of the following companies may see some unusual movements in trading on Wednesday, according to Bloomberg. Adobe Systems Incorporated (NASDAQ: ADBE), a diversified software company, raised forecast for its sales in second-quarter. Shares of Adobe were up 5.34% to $37.10 in pre-market trading...
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Top Performing Industries For March 23 (PRGO, ESYS, BUCY, CLF, GGOX.OB)
Tuesday, March 23, 2010 - 3:39pm | 348At 2:59 p.m., the Dow gained 63.34, or 0.59%, to 10,849.23, while the broader Standard & Poor's 500 index rose 3.88, or 0.33%, to 1,169.69. The Nasdaq composite index added 10.18, or 0.42%, to 2405.58. The industries that are driving the market today are: Drug Related Products: The top gainer...
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Stocks Going Ex Dividend the Fifth Week of March 2010
Monday, March 22, 2010 - 11:53pm | 672Here 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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ArcelorMittal Downgraded To Buy
Monday, March 22, 2010 - 9:15am | 42Analysts at Goldman downgrade ArcelorMittal (NYSE: MT) from "conviction buy" to "buy." MT’s shares fell by 2.61% to close at $42.22 on Friday. More Analyst Ratings here
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Ascendere Associates LLC Long/Short Focus List: March 19, 2010
Sunday, March 21, 2010 - 11:03pm | 1979(A pdf of this report is available here.) We are taking our proven methodology used to rebalance the Ascendere Long/Short Model Portfolio of 80-100 stocks on a monthly basis, and using it to generate weekly trading ideas. While introducing some noise, it is also uncovering some good stocks. For...