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Calls Purchased on Dominion Resources
Monday, July 25, 2011 - 1:20pm | 121Shares of Dominion Resources (NYSE: D) are higher on the session by 0.02%, currently trading at $49.79. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while...
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Earnings Preview: Analysts Expect Dominion Resources Revenue, Earnings to Dip from Previous Quarter
Monday, July 25, 2011 - 12:45pm | 530Dominion Resources (NYSE: D) announces its next round of earnings this Thursday, July 28, 2011. Get prepared with Benzinga's ultimate preview for Dominion Resources' second quarter earnings. Earnings and Revenue: Analysts are predicting an EPS reading of 59 cents per share and revenues of $3....
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The Week Ahead, Morning Noteables July 25
Monday, July 25, 2011 - 8:57am | 295The Week Ahead - AM Notables AM Noteables: CF Industries (CF) upgraded to Buy at Dahlman Rose; tgt $180 McDonalds (MCD) "2 upgrades in a weak tape" After McDonald's reported higher than expected Q2 EPS, Wells Fargo raised its valuation range on the stock to $85-$97 from $76-$87. McDonald's...
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UPDATE: Bank of America Merrill Lynch Upgrades PPL to Buy
Monday, July 25, 2011 - 8:09am | 109Bank of America Merrill Lynch is out with its report today on PPL (NYSE: PPL), upgrading PPL to Buy. In a note to clients, Bank of America Merrill Lynch writes, "We rate PPL as a Buy. We like PPL's quality generation portfolio, growing regulated earnings mix and attractive dividend yield. The...
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Bank of America Upgrades Ameren to Neutral, Raises PT to $30
Monday, July 25, 2011 - 8:06am | 51Bank of America upgraded its rating on Ameren (NYSE: AEE) from Underperform to Neutral. At the same time, the rating agency raised its price target on the company's stock from $29 to $30. On Friday, AEE lost 0.37% of its value to end the week at $29.35.
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Bank of America Upgrades Calpine to Buy, Raises PT to $20
Monday, July 25, 2011 - 8:03am | 62Bank of America upgraded its rating on Calpine (NYSE: CPN) from Neutral to Buy. At the same time, the rating agency raised its price target on the company's stock from $17 to $20. On Friday, CPN lost 1.04% of its value to finish the day at $16.19. Its shares rebounded in today's pre-market trading...
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Entergy Moving Forward With Vermont Yankee Refueling
Monday, July 25, 2011 - 8:03am | 98Today Entergy Corporation (NYSE: ETR) communicated to its employees that the company's board of directors voted to approve the fabrication of fuel and the refueling of the Vermont Yankee nuclear power plant in October. This will be the plant's 29th refueling. While the company has received a 20-...
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Bank of America Reiterates Buy and PT of $43 on Edison International
Monday, July 25, 2011 - 7:59am | 48Bank of America reiterated its Buy rating on Edison International (NYSE: EIX). At the same time, the rating agency left its price target on the company's stock at $43. On Friday, EIX added 0.23% to its value to end the day at $39.23.
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Bank of America Upgrades NRG Energy to Buy, Raises PT to $31
Monday, July 25, 2011 - 7:57am | 52Bank of America upgraded its rating on NRG Energy (NYSE: NRG) from Neutral to Buy. At the same time, the rating agency raised its price target on the company's stock from $25 to $31. On Friday, NRG lost 0.8% of its value to finish the week at $24.75.
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Bank of America Downgrades Portland General Electric Company to Underweight, Maintains PT at $25
Monday, July 25, 2011 - 7:54am | 52Bank of America downgraded its rating on Portland General Electric Company (NYSE: POR) to Underweight. At the same time, the rating agency left its price target on the company's stock unchanged at $25. On Friday, POR lost 0.89% of its value to end the week at $25.63.
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Earnings Expectations for the Week of July 25
Sunday, July 24, 2011 - 9:40am | 1439The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...
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Stocks Going Ex Dividend the First Week of August
Sunday, July 24, 2011 - 1:38am | 711Here 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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Rate Increases for High Yield Electric Utilities
Saturday, July 23, 2011 - 4:24pm | 604The number one choice of income investors is utility stocks, especially electric utilities. What electric stocks might give you the biggest charge for your portfolio? One area that investors should look at are the companies that are receiving rate increases, such as the 2.2 percent rate hike for...
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Seven Utilities Stocks Worth a Look Now
Friday, July 22, 2011 - 4:58pm | 909Looking for a little juice for the portfolio or dividends as a hedge against inflation? Then you might want to consider these seven dividend-paying utilities stocks that are up more than 15% year to date and trading near 52-week highs. CenterPoint Energy (NYSE: CNP): Based in Houston and sporting...
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PG&E Corporation Recommends That Shareholders Reject "Mini-Tender Offer" by TRC Capital
Friday, July 22, 2011 - 3:43pm | 219PG&E Corporation (NYSE: PCG) is recommending that shareholders reject an unsolicited "mini-tender offer" by TRC Capital Corporation to purchase less than 0.628 percent (up to 2.5 million shares) of the outstanding PG&E Corporation common stock at a below-market price of $40.25 per share....