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Daily Archives: June 13, 2008

Cramer’s Oil & Gas Wildcatting Week (HK, REXX, BZP, RRC, RAME)

Posted: June 13, 2008 at 5:23 pm

This week on CNBC's "MAD MONEY," Jim Cramer had another one of those "one pick per night" features.  This week's special feature wasn't just oil, it was wildcatting.  Yep, drill ...
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CVR Partners Cancels Its Fertilizer IPO (CVI)

Posted: June 13, 2008 at 5:18 pm

CVR Energy, Inc. (NYSE: CVI) announced Friday evening that the managing general partner of CVR Partners has decided to postpone the IPO of its CVR Partners indefinitely.The company noted that ...
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Dispelling Some Current Chatter & Myths About GE (GE)

Posted: June 13, 2008 at 3:27 pm

If you have been watching the movement in General Electric Co. (NYSE: GE) for this last week, you won't be surprised to hear that this is due to intense "market ...
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The 52-Week Low Club (WB) (GHS) (FITB)

Posted: June 13, 2008 at 3:01 pm

Wachovia  (WB) Sitll concerns about faltering balance sheet. Down to $18.22.Gatehouse Media (GHS) Another newspaper industry victim. Down to $2.98.Fifth Third Bancorp (FITB) Announces it will raise money. Down to$12.97. ...
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BLANK CHECK IPO FILING: STACCATO ACQUISITION CORP. (MWRK, CHUX, RPSD)

Posted: June 13, 2008 at 2:20 pm

It's been a while since we have seen many blank check or special purpose acquisition company (SPAC's) file to come public.  We just saw a filing for an IPO from ...
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Major Buybacks This Week (CCOI, FOSL, HIG, KALU, OSG, URI, UTX)

Posted: June 13, 2008 at 12:02 pm

As we have pointed out over and over, it appears that buyback announcements are on the decline in a serious way as far as "new buyback plans" being announced.  Ultimately ...
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Rydex Launches 8 ETF’s (REA, REC, RFL, RFN, RHM, RHO, RTG, RTW)

Posted: June 13, 2008 at 11:23 am

RYDEX INVESTMENTS has now launched eight new ETF's on the American Stock Exchange this week. These eight new RYDEX ETF products will offer investors inverse and leveraged inverse exposure to ...
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Fifth Third: How Bad Are Things? (FITB)

Posted: June 13, 2008 at 10:59 am

Fifth Third Bancorp (NASDAQ: FITB) is seeing a floodgate opened with sellers thrashing shares.  The culprit for this is a downgrade out of BMO Capital, where the brokerage firm downgraded ...
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Is Saks In Play? (SKS)

Posted: June 13, 2008 at 9:13 am

A report out of Citigroup this morning is sending shares of Saks Inc. (NYSE: SKS) higher this morning.  The broker reiterated its BUY rating on the stock and its $20.00 ...
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As Recession Fears Hit Consumer Electronics, Sirius (SIRI) Hits 52-Week Low

Posted: June 13, 2008 at 8:58 am

For almost two years, the focus on Sirius (SIRI) and XM Satellite (XMSR) has been on whether they would craft a merger and then whether it would be approved. The ...
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Another Blow To Newspaper Stocks (GHS)(MNI)(GCI)(NYT)

Posted: June 13, 2008 at 8:11 am

The newspaper industry was hit with another downgrade today, astonishing because almost all of the stocks in the sector are at 52-week lows.Wachovia cut its ratings on several chains including ...
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Capstone Turbine’s Huge Backlog Appears Understated (CPST)

Posted: June 13, 2008 at 7:29 am

We have already covered Capstone Turbine Corporation (NASDAQ: CPST) on the raw earnings news last night along with its huge backlog being more important than earnings.  Shares slid off a ...
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Implications of ExxonMobil Dumping Gas Stations (XOM, COP, CVX, VLO)

Posted: June 13, 2008 at 7:16 am

Reuters is reporting that ExxonMobil Corp. (NYSE:XOM) plans to sell the 1,400 retail outlets it owns and the 820 it operates over the next several years. The company doesn't want ...
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Top 10 Pre-Market Analyst Calls (AFL, AW, CPB, MWV, NYX, ODFL, PDLI, PCZ, SPIL, WDFC)

Posted: June 13, 2008 at 6:51 am

There are other calls out there, but these are ten of the early morning analyst calls that we are focused on this Friday 13th:Aflac (NYSE: AFL) Started as Buy at ...
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As Foreclosures Rise 50%, Turnaround Moves Beyond Horizon

Posted: June 13, 2008 at 5:36 am

US home foreclosures moved up 49% in May, compared with the same month a year ago. Figures from RealtyTrac show that "One in every 483 U.S. households received a foreclosure ...
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