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OEX Put/Call Ratio Spiked in Morning 11-02-2010
Tuesday, November 2, 2010 - 3:24pm | 889Cusick's Corner The market will be watching the early polls, but I do not anticipate much action before the final exit polls start rolling in tonight. One interesting sentiment piece, the OEX Put/Call ratio (OEX is an index at the CBOE that tracks the S&P 100) spiked to 1.44. This is...
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Cameron's Profit Continues in 3Q - Analyst Blog
Tuesday, November 2, 2010 - 2:33pm | 595Oil drilling equipment maker Cameron International Corp. (CAM) reported third quarter 2010 earnings per share (excluding special items) of 64 cents, surpassing the prior-year quarter result of 58 cents and the Zacks Consensus Estimate of 60 cents. Considering the integration expense, associated...
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Balancing Election Results with Trading Ideas 11-01-2010
Monday, November 1, 2010 - 7:09pm | 1106Cusick' Corner The highly anticipated mid-term elections are tomorrow, so how can a trader or investor strategize the potential outcomes? If the election plays out as pundits anticipate, GOP takes the House and the Democrats maintain the Senate, we could see a short-term gridlock bounce and then...
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Benzinga's Top Pre-Market NASDAQ Losers (VVUS, RYAAY, PTNR, VOD)
Monday, November 1, 2010 - 8:49am | 117VIVUS Inc (NASDAQ: VVUS) dipped 4.52% to $7.40 in the pre-market session. FDA rejected the obesity drug of VVUS. Ryanair Holdings Plc (NASDAQ: RYAAY) lost 4.23% to $31.25 in the pre-market session. RYAAY has lifted its full-year earnings guidance. Partner Communications Company (NASDAQ: PTNR)...
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Market Tricks or Treats 10-29-2010
Friday, October 29, 2010 - 5:55pm | 803Cusick's Corner Trick or Treat! No real action today – market participants were on the sidelines today, stuffing themselves with candy as they wait to see what Halloween costumes come knocking on the door next week. Traders are waiting on Tuesday's elections and the Fed's QE2 plan. Will it be a...
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VIX on the Move Up 10-29-2010
Friday, October 29, 2010 - 2:46pm | 897Cusick's Corner The VIX is on the move up with the market going higher -- a potential flag that Tuesday's election hype and the Fed's QE2 seem to be already priced into the market. Headline risk can often be a potential catalyst for a higher VIX. Small Caps, IWM, and Finance, XLF (one of the 4...
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Puts Purchased on America Movil S.A.B. (AMX)
Friday, October 29, 2010 - 1:59pm | 140Shares of America Movil S.A.B. DE C.V. (NYSE: AMX) are higher on the session by 0.47%, currently trading at $57.41. The stock has been moving largely higher over the past two months, rallying above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short...
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Wunderlich Securities Lowers Old Republic International EPS Following 3Q Loss
Friday, October 29, 2010 - 10:35am | 150Old Republic International Corp. (NYSE: ORI) reported a 3Q10 loss of $0.17 compared to a loss of $0.05 a year ago due to a spike in Consumer Credit Indemnity (CCI) and Mortgage Insurance (MI) claims, Wunderlich Securities reports. “The increase in claims was due to a catch-up in claim validations...
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Benchmark Capital Maintains Buy On SBA Communications (SBA)
Friday, October 29, 2010 - 8:10am | 109Benchmark Capital is maintaining its Buy rating on SBA Communications Corporation (NASDAQ: SBAC) after the company reported better than expected earnings. It has a $45 price target on shares. In a note to clients, Benchmark writes, "Last night, SBA Communications (SBA) reported solid 3Q10 results...
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Crown Castle Outperforms - Analyst Blog
Thursday, October 28, 2010 - 6:03pm | 799Yesterday after closing bell, Crown Castle International Inc. (CCI) declared third quarter 2010 financial results that significantly exceeded the Zacks Consensus Estimate. This excellent result was primarily due to higher revenues, higher adjusted EBITDA and massive increase in recurring cash...
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America Movil Misses Expectation - Analyst Blog
Thursday, October 28, 2010 - 4:21pm | 752America Movil (AMX) reported its third quarter earnings per ADS of 90 cents missing the Zacks Consensus Estimate by 4 cents while increasing 7.4% from the year-ago earnings per ADS of 84 cents. Net profit climbed 8.8% year over year to approximately MXN23.4 billion ($1.83 billion). Quarterly,...
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Oppenheimer Changes Price Targets Of UTX, ORLY, MDAS, CCI And More
Thursday, October 28, 2010 - 1:13pm | 119Oppenheimer is changing the price targets of the following companies: IAC/InterActiveCorp. (NASDAQ: IACI) $30 to $35 O'Reilly Automotive, Inc. (NASDAQ: ORLY) $50 to $59 United Technologies Corp. (NYSE: UTX) $80 to $83 Crown Castle International Corp. (NYSE: CCI) $45 to $52 Symantec (NASDAQ:...
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Afternoon Market Update (MCO, SVR, CELG)
Thursday, October 28, 2010 - 12:08pm | 196Shares of Moody's Corp (NYSE: MCO) gained about 2.5% after the company reported a year-over-year rise in its Q3 results. The company's net income came in at $0.58 per share on $513.3 million in revenue. However, analysts were expecting earnings at $0.45 per share on $475.1 million in revenue....
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Top Narrow Based Indexes For October 28 (SVR, EK, HMA)
Thursday, October 28, 2010 - 11:39am | 217By 11:34 am, the Dow Jones Industrial Average was down 21.64 points, or 0.19%, to 11,104.64, while the broader Standard & Poor's 500 index had lost 0.02 point. The NASDAQ composite index fell 3.84 points, or 0.15%. Some of the narrow based indexes that are still afloat in the markets are...
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Sprint Downgraded to Sector Perform
Thursday, October 28, 2010 - 10:53am | 29RBC Capital Markets is downgrading Sprint Nextel (NYSE: S) from Outperform to Sector Perform with a price target lowered from $6 to $5.