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A Peek Into The Market Before The Trading Starts
Thursday, June 16, 2011 - 7:25am | 410Pre-open movers US stock futures are mixed this morning, as investors are awaiting several economic reports. Futures on the Dow Jones Industrial Average dipped 6 points to 11,825.00 and futures on the S&P 500 stock index rose 0.40 point to 1,260.30. Nasdaq 100 futures dropped 0.75 point to 2,...
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Energy Transfer Equity To Buy Southern Union For $4.2B, $33.00 Per Share Value
Thursday, June 16, 2011 - 7:04am | 384Energy Transfer Equity, L.P. (NYSE: ETE) and Southern Union Company (NYSE: SUG) today announced that the two companies have entered into a definitive merger agreement whereby ETE will acquire Southern Union for $7.9 billion, including approximately $3.7 billion of existing SUG debt, creating the...
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Stocks to Watch for 6/16/11: Fresh 52-Week Highs and Lows
Thursday, June 16, 2011 - 2:28am | 2229The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...
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Calls Purchased on CenterPoint Energy, Inc.
Tuesday, June 14, 2011 - 2:01pm | 141Shares of CenterPoint Energy, Inc. (NYSE: CNP) are higher on the session by 0.75%, currently trading at $18.86. 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...
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DTE Energy Receives Approval to Convert Northern California Coal Plant to Biomass
Tuesday, June 14, 2011 - 1:52pm | 82DTE Energy Services, Inc. (NYSE: DTE) recently received approval from the San Joaquin Valley Air Pollution Control District to convert an existing coal-fired power plant at the Port of Stockton to operate on biomass fuel. The plant, known as the Port of Stockton District Energy Facility, will be...
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J.P. Morgan Increases PT and Reiterates Overweight Rating on PNM Resources
Tuesday, June 14, 2011 - 8:33am | 101According to a recent report from J.P. Morgan, after last week's meetings with PNM Resources (NYSE: PNM) management team, J.P. Morgan has increased the price target on the company from $17.00 to $18.00 and has reiterated the Overweight rating. In the report, J.P. Morgan said, "Although continued...
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Benzinga's Top Upgrades
Tuesday, June 14, 2011 - 8:09am | 137FBR Capital upgraded FirstEnergy Corporation (NYSE: FE) from “market perform” to “outperform.” FirstEnergy's shares closed at $42.95 yesterday. FirstEnergy's trailing-twelve-month revenue is $13.18 billion. Analysts at Robert W. Baird upgraded Accretive Health Inc (NYSE: AH) from “neutral” to “...
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Wunderlich Securities Provides Color on SCANA, Buy
Tuesday, June 14, 2011 - 6:40am | 109Wunderlich Securities provided color on SCANA (NYSE: SCG) ahead of the company's analyst day. In a research report published today, Wunderlich states, "SCANA's management team will host an analyst meeting this Thursday, June 16, in New York. We expect the meeting to focus on the new nuclear...
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JP Morgan Raises PT On PNM Resources To $18
Tuesday, June 14, 2011 - 6:11am | 27JP Morgan has raised the price target on PNM Resources (NYSE: PNM) from $17 to $18 and maintains its Overweight rating.
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Sector Update: Oil & Gas Continues its Plunge
Monday, June 13, 2011 - 2:46pm | 318The Oil & Gas sector is the worst performing area of the market in today's trading session, currently down 1.2% on the day. The worst performing stocks in the Oil & Gas Sector currently are: 1) Nabors Industries (NYSE: NBR): Shares of Nabors Industries are currently trading down 4.3% from...
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Dynegy : Vincent J. Intrieri Resigns from Two Boards
Monday, June 13, 2011 - 12:33pm | 166Dynegy Inc. (NYSE: DYN) was informed today that Vincent J. Intrieri, currently a Dynegy independent director, has resigned from the boards of Viskase Companies, Inc. and American Railcar Industries, Inc. His decision to resign was made in an effort to be responsive to proxy advisory firms that...
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McGraw-Hill and NJR Clean Energy Ventures Announce Largest Solar Energy Site of its Kind in the Western Hemisphere
Monday, June 13, 2011 - 11:01am | 186The McGraw-Hill Companies (NYSE: MHP) and NJR Clean Energy Ventures, a subsidiary of New Jersey Resources (NYSE: NJR), today announced plans to build on McGraw-Hill's East Windsor, N.J., campus the largest privately-owned, net-metered solar project in the Western Hemisphere. The 14.1 megawatt solar...
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Tomasky to Retire From AEP in July
Monday, June 13, 2011 - 11:00am | 162American Electric Power (NYSE: AEP) announced today that Susan Tomasky, president – AEP Transmission, will retire from the company, effective July 31, to pursue other professional opportunities. "American Electric Power has benefited enormously from Susan's leadership in several executive...
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More Dividends and Diversification
Monday, June 13, 2011 - 8:26am | 1253As a followup to Saturday's post I wanted to outline some ideas for building a dividend tranche for a portfolio where someone might have different buckets within a portfolio. So high yielders might be one bucket, themes another, core another and so on. I could see where it might be easier for some...
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Goldman Sachs Provides Color on Utilities Sector
Monday, June 13, 2011 - 7:40am | 219Goldman Sachs provided color on the utilities sector. In a research report published today, Goldman Sachs especially praised the natural gas projects in North Dakota. In the report, Goldman States, "While producers rightly focus on oil production growth, we were impressed by the eye-raising...