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The Markets From The Eye Of A Trader (NYSE:SPY), (NASDAQ:STLD), (NASDAQ:QCOM), (NASDAQ:RIMM)
Friday, February 12, 2010 - 1:11pm | 656Ever since the reversal, short term bottoming signal on February 5th, 2010, the markets have traded in a wild manner. The bottoming tail on that day told me to look to go long but with the utmost care. Anytime you have a day where the markets flush out on heavy volume, and then reverse to close...
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EU’s possible support of Greece leads to rallies in US markets
Thursday, February 11, 2010 - 10:41pm | 818The Greeks are known for many things. The Parthenon, Pythagorean theorem, mischievous God’s and a debt crisis that is moving the US markets. In this week alone, the market has rallied on news that the EU would help Greece with its debt. Wednesday, Feb. 9, at 11:45 am the SPY (chart below)...
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Fast Money Picks For February 12th (MT, NCR, CYBX, AA)
Thursday, February 11, 2010 - 7:39pm | 154Tim Seymour said on CNBC's Fast Money Final Trade that he expects a lot of short covering in ArcelorMittal (ADR) (NYSE: MT) and therefore is a buyer of this stock. ArcelorMittal (ADR) (MT) gained 2.29% today and closed at $37.50. Guy Adami wants to buy NCR Corporation (NYSE: NCR), and Joe Terranova...
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Tomorrow Is A Huge Day!
Wednesday, February 10, 2010 - 9:24pm | 344This week has been ruled by the dollar and tomorrow will be no exception. Be ready for a wild day as Europe makes a decision on Greece and their debt problems. Will they get a bail out? The answer to that is yes. The question is how much of a bailout. The next issue is which country is next....
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China to Curb "Maverick" Steelmaking as Costs Rise
Wednesday, February 10, 2010 - 2:05pm | 1088Ironic timing for this story, as the world's largest steelmaker - ArcelorMittal (MT) is getting squashed to the tune of -8% following its earnings. Back in August we had noted China was studying overcapacity in certain industries - steel included.[Aug 26, 2009: China Studies Curbs in Steel, Cement...
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Company News for February 10, 2010 - Corporate Summary
Wednesday, February 10, 2010 - 10:25am | 256• Bank of America (NYSE:BAC) upgraded Dell (NASDAQ:DELL) to "buy" from "neutral," with the price target raised to $18 from $16.50 • Adobe (NASDAQ:ADBE) was upgraded by analysts at Credit Suisse (NYSE:CS) from "neutral" to "outperform," with the price target raised to $39.50 from $35 • Peabody...
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ArcelorMittal (MT) Expects A Slow Recovery
Wednesday, February 10, 2010 - 9:20am | 119ArcelorMittal (ADR) (NYSE: MT), the giant steel producer, expects a slow recovery in its markets. The steel giant expects its core profits to come under pressure from lower selling prices in the early part of the year. The company expects EBITDA to be in the range of $1.8-$2.2 billion in the first...
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Arcelor Mittal (MT) Profitable Again But Sales Fall
Wednesday, February 10, 2010 - 3:25am | 145Arcelor Mittal (NYSE: MT), the world's biggest steelmaker, reported early Wednesday that the company had swung to a 4th quarter profit. Arcelor Mittal reported earnings of $1.07 billion, or 71 cents per share, compared with a net loss of $2.63 billion, or $1.93 per share, for the same quarter a...
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Arcelor Mittal Earnings Preview (MT)
Tuesday, February 9, 2010 - 8:35pm | 93Arcelor Mittal (NYSE: MT) will be reporting their quarterly earnings numbers before the opening bell tomorrow morning. The First Call consensus estimates are that the company will report EPS of $0.27 versus $0.34 in the year ago period. During today's trading session, Arcelor (MT) appreciated...
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Mad Money: Cramer Says Semiconductor Stocks Back In Reckoning
Tuesday, February 9, 2010 - 9:54am | 344Jim told viewers of his Mad Money show that semiconductor stocks are back in reckoning after being trapped for a decade by the prevailing business cycles. He believes that analysts have failed to notice that both cyclical and secular growth trends are now turning in favor of the semis. After going...
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Top 5: Exxon Mobil Corporation (NYSE:XOM) At The Top At Current Level
Friday, February 5, 2010 - 2:47pm | 376When looking for possible swing trades it becomes important to analyze the markets on a technical basis. The one main eye catching event I have seen today is that oil and gold had a major flush around noon. This flush came as a result of the dollar spiking higher. The unique part of this flush...
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Gartman: Commodity Stocks Are Broken (FCX, X, MT, SU)
Wednesday, February 3, 2010 - 7:44pm | 171Dennis Gartman said on Fast Money Wednesday evening that he believes some of the market's most important stock are broken based on their trading charts. Gartman is looking specifically at commodity names such as Freeport McMoRan (NYSE: FCX), U.S. Steel (NYSE: X) and Arcelor Mittal (NYSE: MT). He...
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SCHN Up To Buy
Tuesday, February 2, 2010 - 10:53am | 55Analysts at UBS upgraded Schnitzer Steel Industries Inc (NASDAQ: SCHN) from "neutral" to "buy." The target price for SCHN is set to $50. UBS said that SCHN has opportunity to leverage global growth. The upgrade in the rating is based on valuation. SCHN’s shares closed at $42.42 yesterday.
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Benzinga’s Top Downgrades (FII, NPBC, TX, TII, ABFS)
Friday, January 29, 2010 - 10:13am | 278Federated Investors, Inc. (NYSE: FII) declined 2% to $25.50 in the pre-market session after Federated Investors was downgraded by FBR Capital to Underperform from Market Perform and the price target set to $23. The 52-week trading range for Federated Investors is $16.18 - $28.31. FII closed at $26....
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Barclays Turns Negative On Ternium (TX)
Friday, January 29, 2010 - 7:52am | 34Barclays downgraded Ternium (NYSE: TX) from “overweight” to “equal weight.” The target price has been raised from $36 to $38. TX’s shares gained 0.03% to close at $30.73 yesterday.