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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 5:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...
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ONEOK Announces 8-percent Quarterly Dividend Increase to $0.56/Share from $0.52
Wednesday, July 20, 2011 - 4:06pm | 127The board of directors of ONEOK, Inc. (NYSE: OKE) today increased the quarterly dividend to 56 cents per share of common stock from 52 cents per share, an 8 percent increase, effective for the second quarter 2011, payable Aug. 12, 2011, to shareholders of record at the close of business Aug. 1,...
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Benzinga's Top Downgrades
Wednesday, July 20, 2011 - 9:29am | 126Analysts at Jefferies & Company downgraded El Paso Electric Company (NYSE: EE) from “buy” to “hold.” EE's stock closed at $33.17 yesterday. El Paso Electric's PEG ratio is 2.93. Analysts at Nomura downgraded CNOOC Limited (NYSE: CEO) from “buy” to “neutral.” CNOOC's shares closed at $234.81...
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UPDATE: Jefferies Downgrades El Paso Electric to Hold
Wednesday, July 20, 2011 - 9:22am | 98Jefferies is out with its report today on El Paso Electric (NYSE: EE), downgrading EE from Buy to Hold. In a note to clients, Jefferies writes, "We are downgrading El Paso Electric to Hold from Buy due to lower assumed earnings in 2013. We are maintaining our 2012 EPS estimate of $2.40 and...
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UPDATE: Jefferies Upgrades Empire District Electric to Buy
Wednesday, July 20, 2011 - 9:16am | 95Jefferies is out with its report today on Empire District Electric (NYSE: EDE), upgrading EDE from Hold to Buy. In a note to clients, Jefferies writes, "We believe investors can purchase Empire at a 10% discount to the group average of regulated utilities. The stock has always traded at a premium...
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Jefferies Downgrades El Paso Electric To Hold, Lowers PT To $33.50
Wednesday, July 20, 2011 - 7:48am | 30Jefferies & Company has downgraded El Paso Electric Company (NYSE: EE) from Buy to Hold and has lowered the price target from $37.50 to $33.50.
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Jefferies Upgrades Empire District Electric To Buy, Raises PT To $21.50
Wednesday, July 20, 2011 - 7:47am | 29Jefferies & Company has upgraded Empire District Electric (NYSE: EDE) from Hold to buy and has raised the price target from $20 to $21.50.
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Stocks to Watch for Wednesday 7/20/2011: Fresh 52 Week Highs and Lows
Wednesday, July 20, 2011 - 1:51am | 3102Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Apple (NASDAQ: AAPL): Shares of Apple...
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Mad Money Lightning Round: Cramer Likes International Paper
Wednesday, July 20, 2011 - 1:24am | 216On CNBC's Mad Money, Jim Cramer said during the Lightning Round that UGI Corp (NYSE: UGI) is “another local stock to me. That is a terrific little company and I'm a buyer." He said that AFLAC (NYSE: AFL) is “one of the few insurers I don't want to own. I don't like their portfolio." For Advance...
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Use your energy well!
Wednesday, July 20, 2011 - 1:01am | 487Don't be a fool; use your energy better! The way your commercial real estate property uses energy is extremely important, especially in terms of office buildings. Efficient energy costs not only drive down costs for you, the owner, but it also alleviates the costs for your tenants. The price for...
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Eric Schmidt: "Competitors are responding with lawsuits as they cannot respond through innovations"
Tuesday, July 19, 2011 - 3:05pm | 457Last week, we reported that the International Trade Commission (ITC) had ruled that HTC violated two of Apple's patents following Apple's lawsuit filing last year. HTC then responded to the ruling, saying that it will appeal the case and continue to fight. ZNET Asia is now reporting on statements...
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EQT Corporation Hits New 52-Week Highs at $60.38
Tuesday, July 19, 2011 - 2:31pm | 76Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of EQT Corporation (NYSE: EQT) are hitting new 52-week highs....
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PGE Reports Progress Implementing Boardman Power Plant Emissions Reduction Strategy
Tuesday, July 19, 2011 - 2:23pm | 475Portland General Electric Company (NYSE: POR) today reported progress implementing its 2020 plan for the Boardman Power Plant. Under the plan, PGE is installing a suite of controls to significantly reduce emissions from the plant, and has agreed to end the use of coal there by the end of 2020. The...
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Energy Transfer Partners Announces Amended Agreement for 50% Interest in Citrus Corp., Owner of Florida Gas Transmission
Tuesday, July 19, 2011 - 1:00pm | 446Energy Transfer Partners, LP. (NYSE: ETP) and Energy Transfer Equity, L.P. (NYSE: ETE) today announced that the two partnerships have signed an amended definitive agreement pursuant to which there will be a contribution by merger of an indirect 50% interest in Citrus Corp., which owns 100% of the...
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Energy Transfer Equity and Southern Union Announce Improved Agreement for $9.4 Billion, Including $5.7 Billion in Cash and ETE Common Units
Tuesday, July 19, 2011 - 12:19pm | 58Energy Transfer Equity, L.P. (NYSE: ETE) and Southern Union Company (NYSE: SUG) today announced that they have entered into an amended and restated merger agreement under which ETE will acquire SUG for $9.4 billion, including $5.7 billion in cash and ETE common units.