Bloomberg Businessweek Calls Commodity ETFs “America’s Worst Investment”
Billions of dollars are pouring into exchange-traded funds (ETFs), but it seems there is still much for investors to learn about how these funds work. We’ve written in the past about ETF liqui...
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Eastman Beats On Volume Gain
Shares of Eastman Chemical Company (NYSE:EMN) advanced 14 cents to $59.76 per share post solid second quarter 2010 results. The chemical producer earned $2.05 per share (excluding one-time charges) in...
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Option Plays For Friday 30 July: Arena Pharmaceuticals, Expedia, Louisiana-Pacific, Annaly Capital Management
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) - Shares of the biotechnology firm surged 14.6% this morning to a new 52-week high of $8.00 inspiring options investors to establish near-term bullish stanc...
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Merck EPS Beats Estimates
Merck & Co.’s (NYSE:MRK) earnings per share for the second quarter of 2010 came in at 86 cents, 4 cents above the Zacks Consensus Estimate and 3.6% above the year-ago earnings of 83 cents. H...
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Manpower Tops Estimate
Manpower Inc. (NYSE:MAN), the global leader in the employment services industry, recently posted better-than-expected second-quarter 2010 results that topped the Zacks expectation on the heels of reve...
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Caterpillar Surpasses, Ups Guidance
On a sequential basis, Caterpillar Inc.’s (NYSE:CAT) EPS more than doubled to $1.09 in the second quarter ended June 30, 2010 from 50 cents in the first quarter, marking one of the most stellar incr...
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SABESP’s 5th Promissory Notes Issue
São Paulo, Brazil based public water and sewage services provider, Companhia de Saneamento Básico do Estado de São Paulo, or SABESP’s (NYSE:SBS) board of directors approved a 5th Promissory Notes...
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Ensco Tops Amid Macondo Crisis
The ongoing uncertainty driven by the Macondo disaster in the Gulf of Mexico (GoM) has hit offshore drillers hard. However, Ensco plc (NYSE:ESV) barely topped the Zacks Consensus Estimate on the back ...
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UPS Beats, Raises Outlook
On July 22, United Parcel Services (NYSE:UPS), the world’s largest package delivery company, declared its adjusted second-quarter 2010 earnings of 84 cents per share, which surpassed the Zacks C...
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Amdocs Barely Meets Zacks Estimate
Yesterday, after market close, Amdocs Limited (NYSE:DOX) declared financial results for the third quarter of fiscal 2010. Quarterly net income, on a GAAP basis, was $92.3 million or 45 cents per share...
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US Dollar And Stock Market Sentiment
I’m going to switch gears a bit this morning, show you a new True Strength Index (TSI) setting and its best application, and apply it to the US Dollar, as well provide a brief look at sentimen...
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Eaton’s Earnings Climb
Electrical equipment maker Eaton Corporation (NYSE:ETN) reported better-than-expected second-quarter 2010 results, helped primarily by stronger end markets. Earnings per share, excluding acquis...
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Safeway Misses, Cuts Guidance
Safeway Inc. (NYSE:SWY) reported second quarter fiscal 2010 earnings per share of 37 cents, missing the Zacks Consensus Estimate by a penny. The company had reported an adjusted EPS of 57 cents in the...
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Qualcomm Beats, Raises Outlook
Supported by a significant surge in demand for high-end 3G smartphones, Qualcomm Inc. (NASDAQ:QCOM) reported better-than-expected financial results of its third quarter of fiscal 2010. Management...
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Existing Home Sales Fall 5.1%
Existing Home Sales fell 5.1% to an annual rate of 5.37 million in June from a rate of 5.66 million in May, although that was 9.8% above the 4.89 million annual rate a year ago. The rate was, however,...
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One More Reason Wal-Mart Deserves Nobel Prize
NY Times Economix Blog — “Mr. Mobarak, a Bangladeshi who has advised his country’s government, found that the presence of apparel girl jobs school enrollments bolster
NY Times Beats Zacks Estimate
The New York Times Company (NYSE:NYT) recently posted better-than-expected second-quarter 2010 results that topped Zacks’ expectations. The quarterly earnings of 18 cents a share surpassed the Z...
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Gentiva Reports Preliminary Results
On Tuesday, Gentiva Health Services Inc. (NASDAQ:GTIV) released its preliminary operating results for the second quarter of 2010. The final second quarter results are expected on July 29, 2010. Gentiv...
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Couple Of Contracts For L-3
Being one of the principal contractors for the U.S. Army and Air Force Joint Cargo Aircraft (”JCA”) program, L-3 Communications (LLL) has won a contract worth more than $200 million from J...