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| 17:59 EDT |  | HRS |
| theflyonthewall.com: | Hot Stocks story about HRS | | Harris Corp. is being awarded a $53.061M cost-plus-incentive-fee modification to a previously awarded firm-fixed-price contract for the procurement of 11 AN/ARQ-58 Aircraft Terminal Equipment sets and 3 AN/ARQ-58 spare ATE sets for the MH-60R helicopter program, and 5 AN/SRQ-4 radio shipboard terminal sets for surface combatant ship classes CG-47, DDG-51, and FFG-7. Work is expected to be completed in August 2011. :theflyonthewall.com |
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| 17:55 EDT | | LLL |
| theflyonthewall.com: | Hot Stocks story about LLL | | L-3 Services is being awarded a $43.387M cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for engineering, technical and programmatic support for maintaining and updating simulations and intelligence data bases for the EA-6B and EA-18G aircraft. In addition, this contract provides support for the transition of the EA-6B mission to the EA-18G. Work is expected to be completed in August 2013. :theflyonthewall.com |
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| 17:53 EDT | | GD |
| theflyonthewall.com: | General Dynamics-GD is being awarded a $40.712M contract modification | | General Dynamics C4 Systems is being awarded a $40.712M modification under previously awarded firm-fixed-price contract for CapSet II add/delete components and procure nine Combat Operations Center systems including 18 common ,modules and 36 Capability Set IIs. The CapSet II, COC system is an integrated, mobile, command and control center consisting of shelter, power, cabling, processing systems, and trailers. Work is expected to be completed July 2009. :theflyonthewall.com |
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| 17:49 EDT | | GD |
| theflyonthewall.com: | Hot Stocks story about GD | | General Dynamics, Electric Boat Corp. is being awarded an $18.5M modification to the previously awarded contract for the execution of the USS Hawaii post shakedown availability. Work is expected to be completed by March 2009. :theflyonthewall.com |
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| 17:46 EDT | | LLL |
| theflyonthewall.com: | Hot Stocks story about LLL | | L-3 Communications Vertex Aerospace is being awarded a $10.4M modification to a previously awarded indefinite-delivery/indefinite-quantity delivery order contract to provide specialized technical services in support of Depot Level Maintenance work performed at the Fleet Readiness Center, Southwest on aircraft and rework of associated components and materials. Services to be provided include modifications, in-service repairs, and all other categories of service associated with aircraft DLM and its planning. The estimated level of effort for this modification is 346,666 man-hours. Work is expected to be completed in December 2008. :theflyonthewall.com |
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| 17:43 EDT | | GD |
| theflyonthewall.com: | General Dynamics-GD was awarded a $33.89M firm/fixed price contract | | General Dynamics Land Systems Division was awarded a $33.89M firm/fixed price contract. The purpose of this contract is thirty M1A1 Abrams integrated management vehicles with an option for an additional thirty vehicles. Work has an estimated completion date of December 31, 2010. :theflyonthewall.com |
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| 17:36 EDT | | GLDD |
| theflyonthewall.com: | Hot Stocks story about GLDD | | Great Lakes Dredge & Dock Co. was awarded a $9.145M firm fixed price contract. The work consists of beach renourishment in Tybee Island, Ga. Work has an estimated completion date of March 31, 2008. :theflyonthewall.com |
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| 17:31 EDT | | OII |
| theflyonthewall.com: | Hot Stocks story about OII | | Oceaneering International is being awarded a $5.711M modification to previously awarded contract for Dry Dock Shelter Planning Yard, field change, and maintenance support. The contract modification will augment and supplement internal capabilities and provide for fleet-funded maintenance of DDS assets and procures material to support the alteration, modernization, and fit-up of DDS Program assets. Work is expected to be completed by September 2009. :theflyonthewall.com |
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| 17:19 EDT | | XOM |
| theflyonthewall.com: | Exxon Mobil-XOM is being awarded a maximum $84.669M fixed price contract | | ExxonMobil Fuels is being awarded a maximum $84.669M fixed price with economic price adjustment contract for fuel oil, diesel fuel and gasoline. Using service is Army, Navy, Air Force, Marine Corps and US/NATO personnel. There were originally seven proposals solicited with two responses. Contract funds will not expire at the end of the current fiscal year. The date of performance completion is September 30, 2011. :theflyonthewall.com |
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| 16:50 EDT | | FMC |
| theflyonthewall.com: | Hot Stocks story about FMC | | FMC Wyoming Corporation announced that effective October 1, 2008, or as contract terms permit, it will increase list and off-list prices by $40.00/short ton for all grades of soda ash. This increase applies to both bulk and packaged soda ash. The new list prices will be: Bulk Soda Ash List Prices Railcar and Hopper Truck (Dense) $260.00, (Grade100) $265.00, (AbsorptaPlus) $275.00. Packaged Soda Ash List Prices (Dense) 50lb. $325.00, 2000lb. $315.00, (Grade100) 50lb. $330.00, 2000lb $320.00. FMC Wyoming Corporation's current energy surcharge and freight policies for soda ash will remain in full effect indefinitely. The energy surcharge base cost will remain $7.00/mmBTU. :theflyonthewall.com |
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| 16:20 EDT |  | |
| theflyonthewall.com: | General news story about | | The Dow closed down -171.22 to 11,543.96, the Nasdaq closed down -44.12 to 2,367.52 and the S&P 500 closed down -17.85 to 1,282.83. CURRENCY: U.S. dollar strength closed down -0.59% against the Yen and down -0.18% against the Euro. COMMODITIES: Light Crude Oil closed down -0.13 to 115.46. Natural Gas closed down -0.11 to 7.94. Gold closed down -2.20 to 835.00. :theflyonthewall.com |
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| 16:15 EDT |  | BIDZ |
| theflyonthewall.com: | Bidz.com-BIDZ reiterates Q3 and FY08 EPS and revenue guidance | | Bidz.com sees Q3 EPS of 10c-11c vs. consensus of 11c. Sees Q3 revenue of $55M-$58M vs. consensus of $56.17M. Bidz.com sees FY08 EPS of 56c-59c vs consensus of 60c and sees FY08 revenue of $240M-$245M vs. consensus of $246.02M. :theflyonthewall.com |
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| 16:09 EDT | | NSM, TTWO, CIEN, UNFI, SPLS, HRB, JOYG, ISLE, DCI, GES |
| theflyonthewall.com: | Earnings story about NSM, TTWO, CIEN, UNFI, SPLS, HRB, JOYG, ISLE, DCI, GES | | The more notable companies reporting next week include: MONDAY: Guess (GES). TUESDAY: Donaldson (DCI). WEDNESDAY: Isle of Capri Casinos (ISLE), Joy Global (JOYG), H&R Block (HRB), Staples (SPLS) and United Natural Foods (UNFI). THURSDAY: Ciena Corporation (CIEN) and Take-Two Interactive Software (TTWO). FRIDAY: National Semiconductor (NSM). :theflyonthewall.com |
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| 16:07 EDT | | SAPE |
| theflyonthewall.com: | Hot Stocks story about SAPE | | Sapient announced that the Securities and Exchange Commission staff has notified the company that the investigation of the company's historical stock option grant practices has been completed. In its notice to the company, the Commission staff also stated that it does not intend to recommend any enforcement action by the Commission in this matter. :theflyonthewall.com |
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| 16:03 EDT | | IPHS |
| theflyonthewall.com: | Innophos Holdings-IPHS obtains favorable Mexican court decision | | Innophos Holdings announced its subsidiary, Innophos Fosfatados, received a favorable decision from the Mexican Court of Fiscal & Administrative Justice concerning a water tax rate issue with a Mexican governmental agency. The unanimous decision of the court rendered on an appeal by Fosfatados overturns resolutions of the Mexican National Waters Commission seeking to impose higher tax rates on fresh water consumed at the company's Coatzacoalcos, Veracruz Mexico plant from 1998 through 2002. If sustained, the CNA fresh water resolutions could have amounted to a potential liability of up to $33.0M for Fosfatados. The basis of the decision also appears to render unlikely any CNA claim will be made for periods after 2002. Under Mexican law, the CNA has 15 business days from receipt of the court's decision to appeal it. :theflyonthewall.com |
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| 16:01 EDT | | GILT |
| theflyonthewall.com: | Hot Stocks story about GILT | | Galactic Holdings Ltd, announced that Gilat Satellite Networks' termination of the merger agreement is a material breach of the agreement. Galactic Holdings Ltd was formed by The Gores Group LLC, Mivtach Shamir Holdings Ltd., companies affiliated with Roy Ben-Yami, Ami Lustig and Eytan Stibbe and DGB Investments. :theflyonthewall.com |
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| 15:59 EDT | | PPL |
| theflyonthewall.com: | Earnings story about PPL | | During this conference, it is expected that PPL will reaffirm the company’s previously announced 2008 earnings forecasts of $2.17-$2.27 per share from ongoing operations and $2.25-$2.35 per share from reporting earnings, reflecting special items recorded through June 30, 2008, as well as its previously announced 2010 earnings forecast of $4.00-$4.60 per share. :theflyonthewall.com |
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| 15:56 EDT | | AIT |
| theflyonthewall.com: | Applied Industrial-AIT expects acquistion to increase FY09 EPS to $2.22-2.44 | | Consensus for FY09 EPS is $2.25. The company announced it has successfully completed the previously announced acquisition of Fluid Power Resource. Firm is increasing their sales and earnings guidance for FY09, and now expect earnings of $2.22 to $2.44 per share on sales of $2.32B-$2.43B vs. consensus of $2.27B. :theflyonthewall.com |
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| 15:30 EDT | | BBT, FITB |
| theflyonthewall.com: | Hot Stocks story about BBT, FITB | | CEO spoke on CNBC. :theflyonthewall.com |
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| 15:29 EDT | | BBT |
| theflyonthewall.com: | Hot Stocks story about BBT | | :theflyonthewall.com |
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| 15:10 EDT | | NS |
| theflyonthewall.com: | NuStar Energy-NS announces pipeline expansion to Northern Midwest states | | NuStar Energy L.P. announced that the company's board of directors has approved construction of an additional 12.5-mile segment of the East Pipeline System from El Dorado, Kansas, to Potwin, Kansas, which is great news for consumers in the region. The $16.1 million project will increase the capacity and operational flexibility of NuStar's pipeline system in the region, improving the flow of refined products from U.S. Gulf Coast and Mid-Continent supply connections to customers in Kansas, Nebraska, Iowa, and the Dakotas. NuStar has fast-tracked the construction project and it is expected to be completed in May 2009. :theflyonthewall.com |
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| 15:03 EDT | | SIGA |
| theflyonthewall.com: | Hot Stocks story about SIGA | | The Department of Health and Human Services (DHHS) awarded Siga Technologies a $55M contract. Reference Link :theflyonthewall.com |
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| 15:01 EDT |  | |
| theflyonthewall.com: | Technical Analysis story about | | Volume is light for this time of day. Breadth is bearish across the board. Advancing Issues: 1040 / Declining Issues: 1742 ( Ratio: 0.60 ). Advancing Volume: 203,909,112 / Declining Volume: 868,264,636 ( Ratio: 0.23 ). New 52-Week Highs: 40 / New 52-Week Lows: 71. :theflyonthewall.com |
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| 15:00 EDT | | |
| theflyonthewall.com: | NYSE Market Internals Summary: 3 PM | | Volume is heavy for this time of day. Breadth is bearish across the board. Advancing Issues: 1333 / Declining Issues: 1984 ( Ratio: 0.67 ). Advancing Volume: 889,961,801 / Declining Volume: 1,254,982,369 ( Ratio: 0.71 ). New 52-Week Highs: 20 / New 52-Week Lows: 44. :theflyonthewall.com |
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| 14:58 EDT | | FNSR |
| theflyonthewall.com: | Hot Stocks story about FNSR | | Finisar Corporation announced the completion of its combination with Optium Corporation. Finisar also announced the appointment of Eitan Gertel, Optium's Chairman and Chief Executive Officer, as Chief Executive Officer of Finisar and a member of its board, effective immediately. Jerry Rawls will continue in his role as executive Chairman of Finisar's board. :theflyonthewall.com |
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| 14:47 EDT | | DELL, FNM, FRE |
| theflyonthewall.com: | The markets are off their lows, but still in the red | | Throughout the day, the markets have been trying to get a sense of what oil will do and how the impact of the tropical storm headed towards the Gulf Coast is going to influence oil prices over the long holiday weekend and into next week. They also have been dealing with Dell's (DELL) results coming in below expectations, weakness in the financials due to the continuing situation with Fannie Mae (FNM) and Freddie Mac (FRE), and an overall light volume and slow news week as many Wall Street traders take their final vacation for the summer. The market averages are off their lows of the day, but they are still in red territory. DJIA is down 117 points to 11,598, the Nasdaq is down 36.18 points to 2,375 and the S&P 500 is down 10.98 points to 1,289.7. :theflyonthewall.com |
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| 14:42 EDT |  | WMI |
| theflyonthewall.com: | Conference/Events story about WMI | | Press Conference provides a news update on developments relating to strike with Waste Management--WMI :theflyonthewall.com |
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| 14:41 EDT | | BWA |
| theflyonthewall.com: | Hot Stocks story about BWA | | BorgWarner has named Dr. Hans-Peter Schmalzl to the post of Chief Technology Officer, reporting to Tim Manganello, Chairman and CEO. He succeeds Mark Perlick who retired after ten years of service to the company. :theflyonthewall.com |
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| 14:33 EDT | | SPIR |
| theflyonthewall.com: | Quercus Trust lowers stake in Spire Corporation-SPIR to 9 % from 10.13% | | :theflyonthewall.com |
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| 14:24 EDT | | AYE |
| theflyonthewall.com: | Hot Stocks story about AYE | | Allegheny Power, the electric delivery subsidiary of Allegheny Energy, submitted a request to the Public Service Commission of West Virginia to recover an additional $173 million (annualized) in fuel and purchased power costs, effective January 1, 2009. :theflyonthewall.com |
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| 14:17 EDT | | JAKK, WWE |
| theflyonthewall.com: | Hot Stocks story about JAKK, WWE | | JAKKS Pacific announced that the Connecticut State Court has granted summary judgment in the state court action, dismissing World Wrestling Entertainment (WWE) bribery and anti-trust claims against JAKKS and its principals on the basis of collateral estoppel and statute of limitations grounds. The decision is being reviewed by the Company and may be subject of a further press :theflyonthewall.com |
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| 14:03 EDT | | |
| theflyonthewall.com: | NASDAQ Market Internals Summary: 2 PM | | Volume is light for this time of day. Breadth is bearish across the board. Advancing Issues: 958 / Declining Issues: 1774 ( Ratio: 0.54 ). Advancing Volume: 162,797,819 / Declining Volume: 767,531,358 ( Ratio: 0.21 ). New 52-Week Highs: 40 / New 52-Week Lows: 65. :theflyonthewall.com |
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| 14:02 EDT | | |
| theflyonthewall.com: | Technical Analysis story about | | Volume is heavy for this time of day. Breadth is bearish across the board. Advancing Issues: 1233 / Declining Issues: 2044 ( Ratio: 0.60 ). Advancing Volume: 654,455,029 / Declining Volume: 1,202,628,670 ( Ratio: 0.54 ). New 52-Week Highs: 20 / New 52-Week Lows: 40. :theflyonthewall.com |
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| 14:01 EDT | | WSTF |
| theflyonthewall.com: | Hot Stocks story about WSTF | | Westaff announced that it has entered into a Forbearance Agreement with U.S. Bank National Association and Wells Fargo Bank, National Association, effective August 27, 2008. The agreement relates to bank covenant defaults which occurred on April 19, 2008 under the Financing Agreement dated February 14, 2008. Under the terms of this Forbearance Agreement, the banks have agreed to forebear from exercising any remedies that they may have against the Company as a result of such events of default through September 30, 2008. :theflyonthewall.com |
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| 14:00 EDT | | RSH |
| theflyonthewall.com: | RadioShack-RSH sued by Velcro Industries over fastener patent-Bloomberg | | :theflyonthewall.com |
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| 13:57 EDT | | GLA |
| theflyonthewall.com: | Hot Stocks story about GLA | | :theflyonthewall.com |
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| 13:56 EDT |  | GRT |
| theflyonthewall.com: | Syndicate story about GRT | | :theflyonthewall.com |
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| 13:55 EDT | | MER |
| theflyonthewall.com: | Merrill Lynch's Doug Mallach said to be leaving firm-Bloomberg | | Bloomberg reports Merrill Lynch's Doug Mallach, one of two executives heading the company's U.S. bond division when the subprime mortgage crisis struck last year, is stepping down three months after being shifted to a lesser role, people familiar with the matter said. :theflyonthewall.com |
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| 13:54 EDT | | EIG, AMCP |
| theflyonthewall.com: | Hot Stocks story about EIG, AMCP | | Employers Holdings, Inc. has entered into an amendment to its merger agreement with AmCOMP Incorporated providing for the pending acquisition of AmCOMP by EMPLOYERS. Under the amended merger agreement, which has been approved by the boards of directors of both companies, holders of AmCOMP's approximately 15 million common shares outstanding will receive consideration of $12.15 per share in cash. In connection with the amendment to the merger agreement, AmCOMP settled outstanding excessive profits matters with the Florida Office of Insurance Regulation through entry into a consent order providing that AmCOMP's insurance subsidiaries realized Florida excessive profits in the amount of approximately $2.8 million for accident years 2003, 2004 and 2005 and Florida excessive profits in the amount of approximately $5.6 million for accident years 2004, 2005 and 2006. In accordance with the terms of the consent order and applicable Florida law, AmCOMP intends to provide refunds to affected policyholders. :theflyonthewall.com |
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| 13:41 EDT | | WIND |
| theflyonthewall.com: | Hot Stocks story about WIND | | Wind River Systems (WIND), which develops operating systems for managing device products, reported EPS for its Q2 of 17c, compared with analysts' consensus estimate of 8c. However, the company provided EPS guidance for its Q3 of 8c-9c, versus the consensus of 14c. On the positive side, Wind River predicted that its EPS for its 2009 would be 50c-52c, compared with the consensus of 49c. JPMorgan believes that Wind River's Q2 results were strong. The firm thinks that several of the company's initiatives are succeeding, and they believe that its business has momentum. JPMorgan maintained their Overweight rating on the shares. Similarly, Pacific Crest raised their target to $12 from $10, as the firm believes that some of the company's key growth initiatives are progressing well. Pacific Crest maintained their Outperform rating. Wind River's stock sank $1.34, or 10.82%, to $11.04 in mid-afternoon trading. :theflyonthewall.com |
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| 13:36 EDT | | EPCT |
| theflyonthewall.com: | Epicept-EPCT Registers To Sell 8.51M Shares For Holders | | :theflyonthewall.com |
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| 13:35 EDT | | BORL |
| theflyonthewall.com: | Hot Stocks story about BORL | | :theflyonthewall.com |
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| 13:32 EDT | | BSX, MDT |
| theflyonthewall.com: | Hot Stocks story about BSX, MDT | | Boston Scientific announced that the U.S. District Court of Marshall, Texas found two patents of Medtronic (MDT) unenforceable for inequitable conduct during the prosecution of the patents before the United States Patent and Trademark Office. A jury had previously found that certain Boston Scientific balloon catheters and stent delivery systems infringed three Medtronic patents and that the patents were valid. The jury awarded damages of $250 million. As a result of today's decision, the damages are reduced to approximately $19 million. Following a prior decision by the Court, Medtronic and Boston Scientific had already agreed to reduce the jury verdict to approximately $186 million. :theflyonthewall.com |
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| 13:30 EDT | | CNLG |
| theflyonthewall.com: | Conolog Corporation-CNLG announces design contract | | Conolog has entered into a contract with Logic Product Development of Minneapolis, MN to complete system upgrades and testing to its new CM-100 communications system. This new system is expected to be delivered to the market during the first fiscal quarter of 2009. :theflyonthewall.com |
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| 13:28 EDT | | |
| theflyonthewall.com: | General news story about | | Crude oil futures pared their gains this afternoon and natural gas prices turned lower, although there are still concerns about Hurricane Gustav. It appears that traders are closing out their positions before the long holiday weekend. Also, the larger than expected rise in natural gas inventories reported Thursday by the Energy Department gives the consuming market a bit of a cushion. Oil is up 42c at $116.01. :theflyonthewall.com |
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| 13:01 EDT | | INET |
| theflyonthewall.com: | Hot Stocks story about INET | | Friedman joins Internet Brands from WPT Enterprises (WPTE), where he served as CFO. :theflyonthewall.com |
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| 12:59 EDT | | MRVL |
| theflyonthewall.com: | Update: Marvell falls on lower than expected revenue guidance, firms tout stock | | Marvell Technology (MRVL) reported EPS for its 2Q09 of 24c, compared with analysts' consensus estimate of 22c. The company provided EPS guidance for its Q3 of 24c-26c, versus the consensus of 24c. However, Marvell predicted that its Q3 revenue would be $860M-$880M, versus the consensus of $886.96M. A number of research firms reacted positively to the company's results and guidance. Citigroup believes that Marvell's valuation, currently at five-year lows, makes the company's risk/reward profile favorable. In addition, the firm predicts that Marvell will sign a deal with Seagate (STX) which will allow Marvell to beat Street estimates in its 2H10. While Citigroup forecasts that sentiment towards Marvell will be restrained over the near-term, the firm reiterated their Buy rating. Meanwhile, Piper thinks that Marvell reported solid results, noting that the company's gross margins of 52.3% beat their estimate of 51.5%. The firm thinks the company is poised to beat its guidance this quarter, and they recommend buying the shares on weakness. Marvell's stock dropped 74c, or 5.01%, to $14.02 in early afternoon trading. :theflyonthewall.com |
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| 12:35 EDT | | S |
| theflyonthewall.com: | Hot Stocks story about S | | Sprint said it is preparing for the potential impact of Hurricane Gustav threatening to make landfall along the Southeast Gulf Coast on Monday. As it does for every impending tropical storm or hurricane, Sprint has staged backup generators and personnel in strategic locations along the Gulf Coast to manage potential service impacts. In addition, two Sprint Service and Repair Vans are ready to travel to the impacted markets and assist customers with their wireless needs including providing service and repair, accessories, back-up batteries and phone calls to connect with family and friends. :theflyonthewall.com |
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| 12:31 EDT | | CTR |
| theflyonthewall.com: | Hot Stocks story about CTR | | Mr. Howe joined The Cato Corporation in 1986 as a field auditor and has served in many financial roles, most recently as Senior Vice President, Controller. :theflyonthewall.com |
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| 12:25 EDT | | FNM, FRE |
| theflyonthewall.com: | Financials' strength has stalled | | The surprising rally by financials over the past few trading sessions on weak trading volume seems to have stalled today, as shares of Fannie Mae (FNM) and Freddie Mac (FRE) and bond insurers are reversing their recent gains. Fannie and Freddie were the two largest percentage decliners on the NYSE at last check. Despite this week's bounce, the stocks are still down roughly 90% over the last 12 months. The Financial Select Sector SPDR is down 1%. The DJIA is down 153 points to 11,562. :theflyonthewall.com |
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| 12:17 EDT | | EMDA |
| theflyonthewall.com: | Hot Stocks story about EMDA | | On August 25, 2008, the Company received written notification from NASDAQ that based on the Form 10-Q for the period ended June 30, 2008, Staff determined that the Company's stockholders' equity was a deficit of ($7,302,327). In addition, as of August 22, 2008, Staff determined that the market value of listed securities was $17,979,472. Finally, Staff determined that the Company reported net losses from operations in its annual filings for the years ended December 31, 2007, 2006, and 2005 respectively. :theflyonthewall.com |
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| 12:10 EDT | | MEDW |
| theflyonthewall.com: | Hot Stocks story about MEDW | | Through the Company's UK-based JAC Computer Systems, Ltd. the company has signed a distribution agreement with MDG Medical Inc to be the exclusive supplier of MDG's computerized medication cabinets in the UK and Ireland. :theflyonthewall.com |
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| 12:05 EDT | | ENB, BP |
| theflyonthewall.com: | Enbridge-ENB, BP PLC-BP announce agreement | | Enbridge Inc. and BP Pipelines have entered into an agreement to develop a new delivery system to transport Canadian heavy crude oil from Flanagan, Illinois, to Houston and Texas City, Texas, using a combination of existing facilities and new pipeline construction where required. The new delivery system is expected to be in service by late 2012 with an initial total system capacity of 250,000 barrels per day into the Gulf Coast. :theflyonthewall.com |
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| 12:05 EDT | | |
| theflyonthewall.com: | Technical Analysis story about | | Volume is light for this time of day. Breadth is bearish across the board. Advancing Issues: 802 / Declining Issues: 1821 ( Ratio: 0.44 ). Advancing Volume: 81,841,889 / Declining Volume: 537,135,432 ( Ratio: 0.15 ). New 52-Week Highs: 35 / New 52-Week Lows: 52. :theflyonthewall.com |
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| 12:03 EDT | | |
| theflyonthewall.com: | Technical Analysis story about | | Volume is heavy for this time of day. Breadth is bearish across the board. Advancing Issues: 1090 / Declining Issues: 2102 ( Ratio: 0.52 ). Advancing Volume: 358,239,055 / Declining Volume: 828,132,117 ( Ratio: 0.43 ). New 52-Week Highs: 20 / New 52-Week Lows: 31. :theflyonthewall.com |
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| 12:02 EDT | | DELL, SBUX, AMZN, GOOG, YHOO, GM |
| theflyonthewall.com: | On The Fly: U.S. Mid-Day Market Wrap-Up for Friday, August 29th | | U.S. stocks declined on lower-than-estimated earnings from Dell (DELL) and a report showed consumer spending slowed in July...At mid-day, the DJIA was down -1.01% to 11,596.31, the Nasdaq was down -1.94% to 2,364.84 and the S&P 500 was down -1.01% to 1,287.55...MARKET NEWS: Dell fell as much as 12% after it said the U.S. slump in technology spending is spreading to Western Europe and some Asian companies... Starbucks (SBUX) and Amazon.com (AMZN) both fell over 2% after the government said consumer spending slowed to 0.2% in July on declining incomes... People familiar with the plan believe General Motors (GM) will offer about 9,000 salaried workers in the U.S. early-retirement incentives...Google (GOOG) and Yahoo! (YHOO) will begin their advertising partnership by early October, even if federal regulators have not yet approved the deal, CEO Eric Schmidt said and the Seattle Post-Intelligencer reported. :theflyonthewall.com |
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| 12:02 EDT | | IMCL |
| theflyonthewall.com: | Hot Stocks story about IMCL | | ImClone Systems announced overall survival results from BMS CA225-099 (BMS-099), an open-label Phase 3 study of ERBITUX in combination with a taxane and carboplatin in the first-line treatment of all histological subtypes of advanced non-small cell lung cancer (NSCLC). These results pertaining to overall survival, a secondary endpoint, are an update to the previously reported results for progression-free survival (PFS), the study's primary endpoint, which were announced in June 2007. The study did not meet its primary endpoint of PFS, as assessed by an independent radiology review committee (IRRC). Response rate, as assessed by the IRRC, and PFS, as assessed by clinical investigators, were statistically significant and favored the ERBITUX-containing arm. :theflyonthewall.com |
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| 12:00 EDT | | GEO |
| theflyonthewall.com: | Hot Stocks story about GEO | | The GEO Group announced that it has decided to discontinue its contract with Delaware County, Pennsylvania for the management of the county-owned 1,883-bed George W. Hill Correctional Facility effective December 31, 2008. The Facility is the only local county jail managed by GEO and is generating approximately $38.0 million in annualized operating revenues. GEO expects the discontinuation of the Delaware County, Pennsylvania contract not to have a material impact on GEO's financial performance. In future financial statements, GEO will disclose the Delaware County, Pennsylvania contract as discontinued operations. :theflyonthewall.com |
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| 12:00 EDT | | DELL, ASML, IFX, CRZBY, AZ |
| theflyonthewall.com: | On The Fly: European Markets Wrap-Up for Friday, August 29th | | European stocks advanced after Dexia SA indicated it will not need more capital and Carrefour SA and PPR SA reported better-than-expected earnings...In the UK, the FTSE closed up 0.51% to 5,629.80. Elsewhere, the German DAX added 0.06% to 6,424.51 and France's CAC increased 0.53% to 4,485.32...MARKET NEWS: Carrefour increased 7.2% and PPR advanced 4% after reporting earnings that beat analysts' estimates...ASML Holding (ASML), down 2.4%, led semiconductor-related shares lower after Dell (DELL) said the slump in U.S. technology spending is spreading to Europe and parts of Asia; Infineon (IFX) dropped 2.1%...Commerzbank (CRZBY) may be nearing an agreement to buy Dresdner Bank from Allianz SE (AZ) for around $13.3B, two people familiar with the matter said. Commerzbank fell 1.8%, while Allianz rose 0.5%...European economic confidence dropped to 88.8 in August from 89.5 in July, the European Commission said...National benchmark indexes rose in 14 of the 18 western European markets. :theflyonthewall.com |
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| 11:47 EDT | | EGO |
| theflyonthewall.com: | Hot Stocks story about EGO | | The Company together with its consultants have completed a thorough review of the Project and has updated its estimates for initial capital investment, operating costs and schedule for commissioning. In providing this update the Company has maintained the mine plan, developed in the Study which established reserves based on cutoff grade assuming a $530 gold price. To date there has been no estimation of additional reserves accessible as a result of higher gold prices and the attendant potential enhancement of operating costs. :theflyonthewall.com |
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| 11:43 EDT | | STSA |
| theflyonthewall.com: | Conference/Events story about STSA | | :theflyonthewall.com |
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| 11:40 EDT | | NYB |
| theflyonthewall.com: | Raymond James hosts luncheons with NY Community Bancorp Management 9/4-9/5 | | :theflyonthewall.com |
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| 11:34 EDT | | NSC |
| theflyonthewall.com: | Hot Stocks story about NSC | | In a formal petition filed with the National Transportation Safety Board, Norfolk Southern Railway Company presented documentation and analysis, including new evidence, clearly establishing good cause for the NTSB to reexamine and amend its conclusion regarding the cause of an Oct. 20, 2006, derailment in New Brighton, Pa. The NTSB's assertion that the accident was caused by an "inadequate rail inspection and maintenance program" is contrary to both the new and previously available evidence provided to the agency during its original investigation. :theflyonthewall.com |
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| 11:32 EDT | | GM, TSN |
| theflyonthewall.com: | General news story about GM, TSN | | The initial gains by oil and gas stocks seem to be short-lived this morning, as the shares have retreated on the overall market weakness. Meanwhile, Republican presidential hopeful John McCain reportedly has picked reform-minded Alaska Governor Sarah Palin as his vice presidential running mate. McCain is slated to officially announce his selection in Dayton, Ohio within the next hour. Tyson (TSN) shares may see some pressure as Moody's may downgrade their debt rating on the company due to volatile grain costs. General Motors (GM) is recalling 857,735 vehicles because of a short circuit in their window washers. DJIA is down 112 points to 11,603. :theflyonthewall.com |
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| 11:12 EDT | | MICC |
| theflyonthewall.com: | Millicom-MICC launches 3G services across Latin America | | Millicom International Cellular S.A. announces that it has launched 3G services in Guatemala, Honduras and Bolivia. The launches in Paraguay, El Salvador and Colombia will follow today, on 2nd September 2008 and before the end of this year respectively, completing the roll-out of 3G across all six of its markets in Latin America. Millicom is providing the full portfolio of 3G services including high speed mobile broadband, internet access for mobile customers via laptop, TV on mobile handsets, music and video downloads and video calling. :theflyonthewall.com |
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| 11:12 EDT |  | MGM |
| theflyonthewall.com: | Recommendations story about MGM from Deutsche Bank | | :theflyonthewall.com |
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| 11:05 EDT | | UTHR |
| theflyonthewall.com: | Conference/Events story about UTHR | | Conference call focuses on United Therapeutics--UTHR's Phase III Oral Remodulin program :theflyonthewall.com |
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| 11:02 EDT |  | DLLR |
| theflyonthewall.com: | Dollar Financial-DLLR upgraded earlier to Buy from Hold@SALI | | Sterne Agee upgraded shares earlier with a $21 target. :theflyonthewall.com |
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| 11:00 EDT | | LAVA |
| theflyonthewall.com: | Hot Stocks story about LAVA | | Magma Design Automation (LAVA), which makes chip design software, reported EPS for its 1Q09 of 2c, compared with analysts' consensus estimate of (1c). However, Magma forecasts that its EPS for its 2009 will be (19c)-(15c), compared with the consensus of 48c. The company provided revenue guidance for its 2009 of $158M-$160M, versus the consensus of $209.87M. "The first quarter proved to be a more difficult business environment than we anticipated, a situation that we believe may continue throughout at least a portion of the remainder of our fiscal year," said Magma CEO Rajeev Madhavan. "Our key products and technology continue to deliver compelling solutions, but customers are experiencing softening demand in some of their end markets and we believe the first quarter results reflected delays in their purchases of design software as well as changes in our sales channel," Madhavan explained. Magma's stock dropped 47c, or 8.47%, to $5.08 in mid-morning trading. :theflyonthewall.com |
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| 10:50 EDT | | SFY |
| theflyonthewall.com: | Hot Stocks story about SFY | | Yesterday it began implementing standard shut-down procedures in its coastal Louisiana properties including the Lake Washington Field in Plaquemines Parish, Bay de Chene Field in Jefferson and Lafourche Parishes, and Horseshoe Bayou Field, Bayou Sale Field and Cote Blanche Island Field, in St. Mary's Parish, due to the risk of adverse weather conditions currently anticipated from approaching Tropical Storm Gustav. All nonessential personnel and equipment are being evacuated from these fields. Preparations are being made to quickly evacuate all remaining employees and contract personnel and shut down all operational activities in these areas if the Company's crisis management procedures are activated. :theflyonthewall.com |
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| 10:40 EDT | | |
| theflyonthewall.com: | McCain will name Alaska Gov. Sarah Palin as running mate-CNBC | | :theflyonthewall.com |
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| 10:40 EDT | | AMFI, FNM, FRE |
| theflyonthewall.com: | Hot Stocks story about AMFI, FNM, FRE | | Regarding ownership in the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), AMCORE announced it does not own common stock, preferred stock or sub-debt in either agency. :theflyonthewall.com |
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| 10:38 EDT | | DLIA |
| theflyonthewall.com: | Rec-Upgrade story about DLIA from CL King | | King upgraded shares earlier with a $4 target. :theflyonthewall.com |
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| 10:35 EDT | | NEXS |
| theflyonthewall.com: | Nexxus Lighting-NEXS Files To Sell 3.6M Shares; mgrs ADAM & NEED | | The company is offering 3.3M shares and selling stockholders are offering 300k shares. :theflyonthewall.com |
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| 10:32 EDT | | |
| theflyonthewall.com: | General news story about | | Personal income dropped -0.7% month-over-month in July, versus the consensus estimate of a drop of -0.1%. OTHER DATA: Consumer spending increased 0.2% month-over-month in July, exactly in-line with the consensus estimate..... The University of Michigan's consumer sentiment index for August came in at 63.0, versus the consensus estimate of 62.0...The National Association of Purchasing Management-Chicago's Business Barometer Index was 57.9 in August, versus the consensus estimate of 49.8. For the latest breaking news, listen to Fly Radio :theflyonthewall.com |
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| 10:27 EDT | | INFA |
| theflyonthewall.com: | Conference/Events story about INFA | | :theflyonthewall.com |
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| 10:26 EDT | | DELL |
| theflyonthewall.com: | Market averages drift lower | | U.S. markets are still solidly in the red. Retail shares opened lower after a U.S. government report showed that U.S. consumer spending and personal income both declined in July, intensifying worries about the outlook for retailers already feeling the pinch from a slowing economy. The S& P Retail Index fell 0.6% to 398.27. Energy stocks are rising as Tropical Storm Gustav bumps up oil prices. Oil is up $2.11, to $117.70. Technology shares are sinking on overall market weakness and Dell's (DELL) lower-than-expected quarterly earnings. The Morgan Stanley High Tech 35 Index and the Philadelphia Semiconductor Index were both down about 1.2%. The DJIA has dropped 73 points to 11,642. :theflyonthewall.com |
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| 10:24 EDT | | EWBC |
| theflyonthewall.com: | Conference/Events story about EWBC | | :theflyonthewall.com |
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| 10:23 EDT | | EGHT |
| theflyonthewall.com: | Conference/Events story about EGHT | | :theflyonthewall.com |
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| 10:20 EDT | | NLC |
| theflyonthewall.com: | Nalco Holding-NLC will host an investor meeting at 9am on 9/5 | | Webcast Link :theflyonthewall.com |
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| 10:18 EDT | | UCBI |
| theflyonthewall.com: | Hot Stocks story about UCBI | | UCBI's subsidiary, United Community Bank, has entered into a subordinated debt agreement that qualifies as Tier 2 regulatory capital. The agreement provides for a $30 million unsecured subordinated term loan with a maturity of seven years and bearing interest at three-month LIBOR plus 400 basis points. The subordinated debt is pre-payable at any time without penalty and was arranged by SunTrust Robinson Humphrey, Inc. :theflyonthewall.com |
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| 10:17 EDT | | FAST |
| theflyonthewall.com: | Hot Stocks story about FAST | | Fastenal has reached a preliminary agreement to settle a purported class action lawsuit relating to the classification of its Assistant General Managers as exempt for purposes of the overtime provisions of the Fair Labor Standards Act and California, Oregon, and Pennsylvania state statutes. This suit also alleged that Assistant General Managers in California did not receive sufficient meal breaks and paid rest periods under the California Labor Code. :theflyonthewall.com |
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| 10:16 EDT | | AGP |
| theflyonthewall.com: | Amerigroup-AGP will host an investor meeting in NY at 8:30am on 9/5 | | :theflyonthewall.com |
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| 10:14 EDT | | PETM |
| theflyonthewall.com: | Hot Stocks story about PETM | | PetSmart (PETM) reported Q2 EPS of 30c, compared with analysts' consensus estimate of 28c. The company's Q2 revenue was $1.2B, versus the consensus of $1.22B. The retailer predicted that its Q3 EPS would be 25c-29c, versus the consensus of 27c. For all of 2008, PetSmart forecasts that its comparable store sales will increase in the mid-single digits, while its EPS will be $1.51-$1.59, versus the consensus estimate of $1.49. Two research firms responded to PetSmart's results and guidance by reiterating their Buy ratings on the company. Banc of America continues to believe that the company's sales mix is very attractive, and they predict that the company will report strong results in 2H08, compared with the rest of the retail sector. The firm raised their target to $28 from $26. Wedbush thinks the company's 2008 guidance is very conservative, and the firm increased their target to $29 from $27. PetSmart's stock jumped $2.26, or 9.25%, to $26.68 in early trading. :theflyonthewall.com |
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| 10:12 EDT | | AAPL |
| theflyonthewall.com: | Hot Stocks story about AAPL | | This free app, available worldwide from the Apple App Store, displays the latest fashions from the runways of New York and Europe in amazing clarity straight onto a user's device. :theflyonthewall.com |
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| 10:07 EDT | | |
| theflyonthewall.com: | NASDAQ Market Internals Summary: 10 AM | | Volume is light for this time of day. Breadth is bearish across the board. Advancing Issues: 842 / Declining Issues: 1363 ( Ratio: 0.62 ). Advancing Volume: 28,341,626 / Declining Volume: 107,360,219 ( Ratio: 0.26 ). New 52-Week Highs: 26 / New 52-Week Lows: 28. :theflyonthewall.com |
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| 10:06 EDT | | |
| theflyonthewall.com: | Technical Analysis story about | | Volume is heavy for this time of day. Breadth is bearish across the board. Advancing Issues: 1281 / Declining Issues: 1518 ( Ratio: 0.84 ). Advancing Volume: 95,675,483 / Declining Volume: 172,104,273 ( Ratio: 0.56 ). New 52-Week Highs: 15 / New 52-Week Lows: 18. :theflyonthewall.com |
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| 09:57 EDT | | GILT |
| theflyonthewall.com: | Hot Stocks story about GILT | | Gilat Satellite Networks Ltd. has notified the consortium of buyers that had agreed to purchase the company that it was terminating the Agreement and Plan of Merger entered into on March 31, 2008. Gilat cited the buyer's intentional breach of the merger agreement and failure to close the merger transaction prior to 5:00 P.M. New York Time on August 28, 2008, the extended time established to complete the transaction. The definitive agreement provides for a termination fee in the amount of $47.3 million, payable to Gilat by September 10, 2008, in the event of an intentional breach of the agreement by the Purchasers. :theflyonthewall.com |
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| 09:51 EDT | | HIL |
| theflyonthewall.com: | Hill International-HIL receives contract | | Hill has received a contract from the Trinidad and Tobago Housing Development Corp. to manage design and construction of the South Quay phase of the Eastbridge mixed-use development in Port of Spain, Trinidad. :theflyonthewall.com |
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| 09:50 EDT | | MRVL |
| theflyonthewall.com: | Recommendations story about MRVL from AmTech | | After Marvell reported a quarter that Am Tech views as strong but provided more conservative than expected guidance, Am Tech thinks the company's new CFO is choosing to err on the conservative side. The firm maintained their Buy rating. :theflyonthewall.com |
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| 09:45 EDT |  | CHL, AAPL |
| theflyonthewall.com: | Periodicals story about CHL, AAPL | | China Mobile (CHL) is planning to subsidize the cost of iPhone handsets in China. Apple (AAPL) and China Mobile are close to the end of negotiations on subsidies that would allow the companies to avoid passing on the high cost of the iPhone to Chinese customers. Reference Link :theflyonthewall.com |
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| 09:40 EDT | | BIOF |
| theflyonthewall.com: | Biofuel Energy-BIOF amends credit agreement | | Biofuel's operating subsidiaries, which own and operate the Wood River and Fairmont ethanol plants, had amended their credit agreement. The amendment permits the subsidiaries' full access to their $20 million working capital facility and permits daily access to their revenue account, in each case solely for the purchase of corn, natural gas, chemicals, enzymes, denaturant and electricity. Previously, the subsidiaries had access to only $5 million of their working capital line and the ability to disburse their revenues only at the end of each month. As a result, the operating subsidiaries now appear to have sufficient liquidity to complete the commissioning of the ethanol plants. The Company's plants began commercial operations in June. They are expected to complete initial performance testing within the next two to three weeks. :theflyonthewall.com |
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| 09:40 EDT | | GM |
| theflyonthewall.com: | Hot Stocks story about GM | | :theflyonthewall.com |
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| 09:39 EDT | | DELL |
| theflyonthewall.com: | General news story about DELL | | At the open, U.S. stocks dropped more than indicated by the futures, after data showed that consumer spending and personal income declined in July. The reports intensified the bearish sentiment already in play after Dell Inc.'s (DELL) weaker than expected quarter and a rise in oil prices as tropical storm Gustav makes it way towards the Gulf of Mexico. The DJIA is down 50 points to 11,666. :theflyonthewall.com |
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| 09:36 EDT | | |
| theflyonthewall.com: | Strategist says GOP to name Alaska Gov. Sarah Palin as V.P. pick-CNBC | | :theflyonthewall.com |
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| 09:34 EDT | | DELL |
| theflyonthewall.com: | Recommendations story about DELL from AmTech | | After Dell reported lower than expected EPS, Am Tech is concerned about the company's long-term fundamentals, and they maintained their Neutral rating. :theflyonthewall.com |
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| 09:32 EDT | | GRH |
| theflyonthewall.com: | Hot Stocks story about GRH | | Gary C. Evans, the Chairman, President, and CEO of GreenHunter Energy, announced the early conversion, effective August 30, 2008, of an existing convertible note held by Investment Hunter, LLC, an entity in which Mr. Evans is the manager and owner, into GreenHunter Energy restricted common stock. The note was converted today at a predetermined price of $5.00 per share, and the transaction has resulted in an increase of ownership of an additional 594,011 shares of GreenHunter Energy restricted common stock. :theflyonthewall.com |
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| 09:31 EDT | | BA |
| theflyonthewall.com: | Boeing-BA: Company's new offer will be difficult for union to refuse@AMTR | | Am Tech now believes the potential for a workers' strike against Boeing is very low, but they maintained their Neutral rating. :theflyonthewall.com |
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| 09:29 EDT | | NVLS |
| theflyonthewall.com: | Recommendations story about NVLS from AmTech | | After Novellus maintained their Q3 bookings outlook for down 5%, +/-10% sequentially, Am Tech believes the company's midpoint bookings are near trough conditions. The firm maintained their Buy rating. :theflyonthewall.com |
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| 09:28 EDT | | GEOY |
| theflyonthewall.com: | Recommendations story about GEOY from Collins Stewart | | Collins Stewart tells investors that GeoEye announced its GeoEye-1 will supply images to Google, 45 to 60 days after launch, scheduled for September 4th. The firm believes commercial revenue remains a source of upside to estimates. :theflyonthewall.com |
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| 09:26 EDT | | AER |
| theflyonthewall.com: | AerCap Holdings-AER will host an investor meeting in London on 9/5 | | Reference Link :theflyonthewall.com |
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| 09:20 EDT | | BFF, BBX |
| theflyonthewall.com: | Hot Stocks story about BFF, BBX | | The recent purchase increases BFC Financial Corporation's ownership in BankAtlantic Bancorp's Class A Common Stock to approximately 10,300,000 shares. :theflyonthewall.com |
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| 09:20 EDT | | BTH |
| theflyonthewall.com: | Blyth-BTH will host an investor Q&A conference call at 2pm on 9/5 | | :theflyonthewall.com |
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| 09:19 EDT | | SBP |
| theflyonthewall.com: | Hot Stocks story about SBP | | Juan Moreno Blanco will assume the duties of President and Chief Executive Officer of Santander BanCorp and Chief Executive Officer of Banco Santander Puerto Rico as soon as the necessary legal and regulatory procedures are fulfilled. :theflyonthewall.com |
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| 09:18 EDT | | SBP |
| theflyonthewall.com: | Hot Stocks story about SBP | | In light of the continuing challenging general economic conditions in Puerto Rico and the global capital markets, the Board of Directors of Santander BanCorp has voted to discontinue the payment of the quarterly cash dividend on the Corporation's common stock to strengthen the institution's core capital position. The Corporation may use a portion of the funds previously paid as dividends to reduce its outstanding debt. :theflyonthewall.com |
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| 09:18 EDT | | FMCN |
| theflyonthewall.com: | Focus Media-FMCN will host an investor meeting in NY at 9am on 9/5 | | :theflyonthewall.com |
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| 09:17 EDT | | PFE |
| theflyonthewall.com: | Hot Stocks story about PFE | | Pfizer Inc said today that the Eastern Division of the High Court in Copenhagen, Denmark has ruled in the company's favor in challenges to two of its patents covering atorvastatin, the active ingredient in Lipitor. The basic and enantiomer patents were challenged by generics manufacturer Ranbaxy. The court ruled that the basic patent, which expires in November 2011, would be infringed by Ranbaxy's generic atorvastatin product. The court also ruled that the atovastatin enantiomer patent is valid. That patent expires in July 2010. The decision, which is subject to possible appeal, prevents Ranbaxy from launching its generic product before November 2011. :theflyonthewall.com |
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| 09:15 EDT | | CACH |
| theflyonthewall.com: | Recommendations story about CACH from Roth Capital | | Roth lowered their outlook for the company's August comps to a decline in the low single digit range, from their previous prediction of a low single digit increase. The firm cited several reasons for their lower estimate, including Hurricane Fey, and the lack of a sales tax holiday in Florida this year. However, Roth maintained their Buy rating on Cache. :theflyonthewall.com |
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| 09:05 EDT | | FRE |
| theflyonthewall.com: | Presentation offers insight into Freddie Mac's reassurances-Washington Post | | A presentation by top executives at Freddie Mac (FRE) offered some perspective into why claims of the amount of capital on hand has failed to reassure investors thus far, the Washington Post reported. In the presentation, the mortgage giant acknowledged it may have some difficulty meeting a government standard that requires it to maintain a financial cushion, capital, to absorb potential losses. Additionally, Robert Willens, a consultant, believes Freddie Mac may face a charge of $10B, although the company believes it will not need such a steep write-down. Reference Link :theflyonthewall.com |
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| 09:05 EDT | | NS |
| theflyonthewall.com: | Earnings story about NS | | Consensus is for EPS of $1.55. As a result, NuStar believes that the current analyst consensus estimates for the third quarter and full year of 2008 remain too low. :theflyonthewall.com |
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| 09:04 EDT | | EXP |
| theflyonthewall.com: | Rec-Upgrade story about EXP from Longbow | | :theflyonthewall.com |
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| 09:04 EDT | | EXP |
| theflyonthewall.com: | Eagle Materials-EXP upgraded to Buy from Neutral@LBOW | | :theflyonthewall.com |
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| 09:04 EDT | | ASTM |
| theflyonthewall.com: | Earnings story about ASTM | | Reports Q4 revenue $149K vs. consensus of $100K. :theflyonthewall.com |
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| 09:02 EDT | | LLTC |
| theflyonthewall.com: | Court of Appeals rules on Linear-LLTC case | | The Court of Appeals for the Federal Circuit issued its opinion affirming the US International Trade Commission Administrative Law Judge's finding that the asserted claims of one of the two Linear Technology patents that Linear had litigated against AATI were invalid over the prior art. However, the ALJ had previously also ruled that the second Linear patent was valid, and infringed by certain AATI products. :theflyonthewall.com |
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| 09:00 EDT | | NZ, CBT, AHONY, LIYIY, RY, BMO |
| theflyonthewall.com: | General news story about NZ, CBT, AHONY, LIYIY, RY, BMO | | MOST NOTEWORTHY: Netezza (NZ), Cabot (CBT) and Royal Ahold (AHONY) were today's noteworthy upgrades: Merriman upgraded shares of Netezza to Buy from Neutral following the company's solid Q2 results as they believe it is well-positioned for strong operating results heading into 2H09. JP Morgan raised Cabot to Overweight from Neutral. The firm expects 2009 to be a better year given lower raw material costs and higher contract prices. JP Morgan also upgraded Royal Ahold to Overweight from Neutral on valuation...OTHER UPGRADES: Liberty International (LBYIY) was upgraded to Hold from Sell at Deutsche Bank. BMO Capital upgraded Royal Bank (RY) to Market Perform from Underperform and Bank of Montreal (BMO) to Outperform from Market Perform. :theflyonthewall.com |
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| 09:00 EDT | | ELN, ONNN, HK, RGNC |
| theflyonthewall.com: | General news story about ELN, ONNN, HK, RGNC | | MOST NOTEWORTHY: Elan Corp (ELN) and On Semiconductor (ONNN) were today's noteworthy initiations: Morgan Stanley yesterday initiated Elan Corp with an Overweight rating. The firm sees a low-probability of a Tysabri withdrawal. ThinkPanmure views On Semiconductor as a nice turnaround story with opportunities for shares gains in notebooks and consumer gaming platforms. Shares were initiated with a Buy rating and $14 target...OTHER INITIATIONS: Petrohawk Energy (HK) was assumed with an Outperform rating at Morgan Keegan. Regency Energy (RGNC) was initiated at Merrill Lynch with a Neutral rating. :theflyonthewall.com |
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| 09:00 EDT | | CEG, WSM, KED, ENER, IP, UFS, HEES |
| theflyonthewall.com: | On The Fly: Analysts Downgrade Summary for Friday, August 29th | | MOST NOTEWORTHY: Constellation Energy (CEG), Williams-Sonoma (WSM) and Kayne Anderson (KED) were today's noteworthy downgrades: Jefferies downgraded shares of Constellation Energy to Underperform on Hold on concerns the company will come under increasing pressure to issue equity. The firm lowered their target to $60 from $71. Thomas Weisel downgraded Williams-Sonoma to Market Weight from Overweight citing continued macro pressures. Wachovia has concerns that Kayne Anderson's book value will be pressured by its investment in ProPetro Services, trading losses associated with SemGroup, and negative developments at Quest Midstream. The firm cut shares of Kayne to Market Perform from Outperform...OTHER DOWNGRADES: Energy Conversion (ENER) was downgraded to Neutral from Buy at Piper. Deutsche Bank cut International Paper (IP) and Domtar (UFS) to Hold from Buy. H&E Equipment (HEES) was lowered at Credit Suisse to Neutral from Outperform. :theflyonthewall.com |
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| 08:59 EDT | | ENER |
| theflyonthewall.com: | Recommendations story about ENER from Credit Suisse | | Creidt Suisse raised its 2010 EPS estimate following the solid quarter report. Target to $86 from $80. Shares are Outperform rated. :theflyonthewall.com |
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| 08:58 EDT | | MET, RGA |
| theflyonthewall.com: | Conference/Events story about MET, RGA | | Conference call to discuss MetLife--MET's Exchange Offer for Split-off of Reinsurance Group of America--RGA :theflyonthewall.com |
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| 08:57 EDT | | NDX |
| theflyonthewall.com: | Nasdaq 100 Index-NDX: Pivot Points | | The following are the pivot points for the Nasdaq 100 Index (NDX). Pivot High: 1926.650, Pivot Low: 1909.660. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. :theflyonthewall.com |
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| 08:57 EDT | | RUT |
| theflyonthewall.com: | Technical Analysis story about RUT | | The following are the pivot points for the Russell 2000 Index (RUT). Pivot High: 754.700, Pivot Low: 740.880. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. :theflyonthewall.com |
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| 08:57 EDT | | $DJT |
| theflyonthewall.com: | Technical Analysis story about $DJT | | The following are the pivot points for the DJ Transportation Average ($DJT). Pivot High: 5217.115, Pivot Low: 5076.235. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. :theflyonthewall.com |
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| 08:57 EDT | | SPX |
| theflyonthewall.com: | S&P 500-SPX: Pivot Points | | The following are the pivot points for the S&P 500 (SPX). Pivot High: 1309.125, Pivot Low: 1292.235. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. :theflyonthewall.com |
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| 08:57 EDT | | DJX |
| theflyonthewall.com: | Technical Analysis story about DJX | | The following are the pivot points for the Dow Jones Industrials Index (DJX). Pivot High: 11822.875, Pivot Low: 11607.485. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. :theflyonthewall.com |
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| 08:56 EDT |  | FPIC |
| theflyonthewall.com: | Rec-Downgrade story about FPIC from Raymond James | | :theflyonthewall.com |
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| 08:54 EDT | | ATAI |
| theflyonthewall.com: | ATA Inc-ATAI: Believe company can beat expectations@OPCO | | After ATA reported higher than expected EPS, Oppenheimer thinks ATA can continue to beat expectations, due to its full pipeline and its emphasis on more expensive tests. The firm thinks the company is a solid investment and they maintained their Outperform rating. :theflyonthewall.com |
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