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Daily Archives: January 29, 2009

Dominion Rises on Earnings (D)

Posted: January 29, 2009 at 11:01 am

Dominion Resources Inc. (NYSE:D) reported fourth quarter and full year results this morning, and the news was mixed. For the quarter, EPS hit $0.60 on $348 million in income, compared ...
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Are Analyst Downgrades Of Exxon Justified Ahead of Earnings? (XOM, COP)

Posted: January 29, 2009 at 10:50 am

Exxon Mobil Corporation (NYSE:XOM) is set to report earnings tomorrow morning.  With what has happened to the price of oil over the last 6 months, it is with some surprise ...
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Oil Companies & Earnings, Up & Down (MUR, HES, COP)

Posted: January 29, 2009 at 10:26 am

Murphy Oil Corp. (NYSE:MUR), like other oil companies has been hit hard by declining oil prices. Yesterday, the company posted EPS of $0.83 for the quarter, down from $1.07 ...
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24/7 Wall St. Day Trading Alerts (VIDE)(SEPR)(QCOM)(DRYS)

Posted: January 29, 2009 at 9:42 am

Video Display Corp (VIDE) may be sending a false signal on big volume. Read more.Sepracor (SEPR) is moving up sharply on substantial volume.  Details.Qualcomm (QCOM) is getting hammered on poor ...
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Pali Research Downgrades News Corporation (NWS) to Sell

Posted: January 29, 2009 at 9:22 am

Pali Research downgrades News Corporation (NYSE: NWS) from buy to sell. Price target lowered to $5.50 from $12, citing lack of strategic direction from Rupert Murdoch.Pali analyst says, "While we ...
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Recession Radar: Jobless Claims Keep Rising & Durable Goods Keep Contracting

Posted: January 29, 2009 at 8:42 am

If you were hoping for more lighthearted or feel good numbers on the economic front, you might have to look elsewhere this morning.  The weekly jobless claims data were awful ...
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Best Buy (BBY) Becomes A Vulture

Posted: January 29, 2009 at 8:22 am

Someone needs to take advantage of the collapse in retail real estate values. The prices for many locations are too good to be true.Best Buy (BBY) says it may get ...
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The False Death of Trickle-Down Economics, Part II

Posted: January 29, 2009 at 8:14 am

By John Tamny  RealClearMarketsLast October, this column addressed the notion of trickle-down economics. The aforementioned concept has to do with the basic belief that the economic gains made by the ...
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Top Pre-Market Analyst Downgrades (AFFX, APD, ACAS, AMLN, AMAT, AINV, CTXS, DRYS, XOM, IRBT, LRCX, NFLX, NSR, NHY, NYX, BTU, UPS)

Posted: January 29, 2009 at 7:57 am

These are some of the top pre-market analyst downgrades and cautious calls we are seeing this Thursday morning:Affymetrix (AFFX) Cut to Underweight at JPMorgan.Air Products (APD) Cut to Neutral at ...
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Top Pre-Market Analyst Upgrades (BBY, CB, DVA, DFT, FCX, FMS, MWE, MCHP, WFT)

Posted: January 29, 2009 at 7:48 am

These are some of the top per-market analyst upgrades and positive calls we are seeing from Wall Street this Thursday morning:Best Buy (BBY) Raised to Overweight at Barclays.Chubb (CB) Raised ...
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Ford (F) Earnings: In Trouble No Matter What It Says

Posted: January 29, 2009 at 7:25 am

Ford (F) says it does not need any TARP money. Its fourth quarter earnings have to make Wall St. and Congress question that.The No.2 US car company reported a fourth ...
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The Car Rental Business Want Money To Buy Cars (CAR)(HTZ)(F)(GM)

Posted: January 29, 2009 at 6:41 am

Watching the land grab for TARP money becomes more entertaining every day.Now Hertz (HTZ) and Avis (CAR) want money to buy Ford (F) and GM (GM) cars.The plan makes a ...
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OPEC Ready To Take Crude Prices To The Mat

Posted: January 29, 2009 at 6:21 am

After months of false starts, OPEC claims it is ready to drop production far enough to pull more money out of the pockets of the oil-consuming nations.The cartel has been ...
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Ford (F): Shopping Volvo To China

Posted: January 29, 2009 at 6:02 am

The US car market does not need more companies competing for a shrinking pie. Ideally, it should have less. Ford (F) may inadvertently be letting China into the American race ...
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As China Lectures The West, Its Own Economic Statistics Are Almost Certainly Wrong

Posted: January 29, 2009 at 5:35 am

When China's Lazarus, Deng Xiaoping, finally became the absolute leader of the world's most populated nation in 1978, the country began its evolution from being an evil empire to becoming ...
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