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Bears Come Out of Hibernation 03-16-2011
Wednesday, March 16, 2011 - 3:12pm | 1042Cusick's Corner If you are a Bear then you have come out of hibernation. The data, PPI and Housing, were worse than expected. Earlier today an EU atomic expert made a statement that the situation in Japan is “out of control”. The headlines and data put this market on alert and rightfully so. This...
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Options Brief: Exelon Corporation (EXC)
Wednesday, March 16, 2011 - 1:58pm | 83Shares of Exelon Corporation (NYSE: EXC) are lower on the session by 4.04%, trading at $39.67. Overall put volume is now running at 3.55x the daily average, with 66% of all puts traded being purchases on the offer. 11,461 contracts have traded on the session so far. Exelon Corporation is a...
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Options Brief: Entergy Corporation (ETR)
Wednesday, March 16, 2011 - 1:28pm | 90Shares of Entergy Corporation (NYSE: ETR) are lower on the session by 1.91%, trading at $67.18. Overall put volume is now running at 13.04x the daily average, with 57% of all puts traded being purchases on the offer. 5,256 contracts have traded on the session so far. Entergy Corporation is an...
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Puts Purchased on Edison International (EIX)
Wednesday, March 16, 2011 - 12:34pm | 141Shares of Edison International (NYSE: EIX) are lower on the session by 0.45%, currently trading at $35.65. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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EPA Announcement At 11 Could Be Positive For Calpine, EnerNOC (ENOC, CPN)
Wednesday, March 16, 2011 - 10:44am | 89The coming EPA GHG announcement due at 11am this morning might be a positive for EnerNOC, Inc. (NASDAQ: ENOC) and Calpine Corporation (NYSE: CPN). Shares of EnerNOC are up $1.87 or nearly 10% in early Wednesday trading, while shares of Calpine are down 8 cents to $15.22. EnerNOC, Inc. engages in...
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Options Brief: NRG Energy, Inc. (NRG)
Wednesday, March 16, 2011 - 10:32am | 124Shares of NRG Energy, Inc. (NYSE: NRG) are higher on the session by 1.39%, trading at $20.41. Overall call volume is now running at 4.16x the daily average, with 7% of all calls traded being purchases on the offer. 4,077 contracts have traded on the session so far. NRG Energy, Inc. is a...
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Georgia Power Announces Plans to Decertify Two Coal Generating Units
Wednesday, March 16, 2011 - 9:11am | 110Georgia Power expects to request approval from the Georgia Public Service Commission to decertify two coal-generating units totaling 569 megawatts, the company announced Wednesday. The request to decertify units 1 and 2 at Plant Branch in Putnam Co. will be included in Georgia Power's updated...
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Citi Updates WAG F2Q11 EPS Preview
Wednesday, March 16, 2011 - 7:36am | 135Citi has reported on the estimated EPS of Walgreen Co. (NYSE: WAG), which Citi had raised to $0.80. Cit writes, “We are raising our F2Q11 EPS to $0.80, up from $0.78 prev., vs. consensus of $0.80, and $0.68 LY (see Figure 1 for our assumptions). We are also raising our FY2011 estimates to $2.56,...
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Wunderlich Securities Maintains Hold Rating, $44 PT On SCG
Wednesday, March 16, 2011 - 7:31am | 154Wunderlich Securities is maintaining its Hold rating and $44 PT on shares of SCANA Corp. (NYSE: SCG). “Management's conference call yesterday centered on design and geological differences between Hold-rated SCANA's nuclear fleet and that of the Fukushima Daiichi plant in Japan,” Wunderlich...
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Chesapeake Utilities Signs Agreements With Beebe Medical Center and SPI Pharma for Natural Gas Service
Tuesday, March 15, 2011 - 4:16pm | 47Chesapeake Utilities Corporation (NYSE: CPK) today announced that its Delaware natural gas division has signed agreements with Beebe Medical Center and SPI Pharma, both located in Lewes, Delaware, to provide natural gas service to their facilities.
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Xcel Energy Announces Plan to Repower Black Dog Plant
Tuesday, March 15, 2011 - 1:46pm | 62Xcel Energy (NYSE: XEL) today asked Minnesota regulators to approve a certificate of need for a project to retire its last two coal-burning units (Units 3 and 4) at the Black Dog plant in Burnsville, Minn., and replace them with natural gas-burning units. Units 1 and 2 were converted to natural gas...
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Standpoint Research Upgrades (PRSP, VLTR, CBRL, CIB, SBS, TEO)
Tuesday, March 15, 2011 - 1:38pm | 119Standpoint Research is upgrading the following companies: Saneamento Brazil (NYSE: SBS) from Hold to Accumulate Telecom Argentina (NYSE: TEO) from Hold to Accumulate BanColombia (NYSE: CIB) from Hold to Accumulate Cracker Barrell (NASDAQ: CBRL) from Hold to Buy Volterra (NASDAQ: VLTR) from...
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Stocks Hitting 52-Week Highs (USPH, CBLI, CV, VTUS)
Tuesday, March 15, 2011 - 10:40am | 163US Physical Therapy Inc (NASDAQ: USPH) shares rose 1.86% to create a new 52-week high of $21.40. USPH reported an 81% y/y surge in its Q4 net income. Cleveland BioLabs Inc (NASDAQ: CBLI) shares gained 13.35% to create a new 52-week high of $9.00. CBLI is expecting to secure more government money...
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Central Vermont Public Service Reports Q4 EPS of $0.40 vs. $0.27
Tuesday, March 15, 2011 - 10:33am | 68Central Vermont Public Service (NYSE: CV) reported consolidated earnings of $21 million, or $1.66 per diluted share of common stock, for 2010, compared to $20.7 million, or $1.74 per diluted share of common stock, for the same period in 2009. Fourth quarter operating revenue decreased $1.4 million...
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Gabelli & Company Maintains SCANA Buy (SCG)
Tuesday, March 15, 2011 - 9:49am | 77Gabelli & Company maintained its SCANA (NYSE: SCG) Buy rating in a research report published today. Gabelli has previously given SCANA a $49 price target. In the report, Gabelli states, "We continue to recommend Scana Corp, citing the company's strong regulatory support, earnings growth...