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Closing Bell: QE2 and Currency Woes Debase Mixed Markets (APSG, APOL, BAC, WL, AIG, RVBD, BIDU)

The market won't let QE2 go ahead of the G20 meetings. Now the talk is that the second wave of quantitative easing is mostly priced in, as well as fears of ongoing currency wars. The markets were mixed at the open, but shares were lower by the close on the DJIA, and trying to hold on to positive in the NASDAQ and S&P500.

Here were the unofficial closing bell levels:

Dow Jones 11,132.26 -14.31 (-0.13%)
S&P 500 1,183.05 +2.79 (0.24%)
Nasdaq 2,479.39 +19.72 (0.80%)

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Continue reading Closing Bell: QE2 and Currency Woes Debase Mixed Markets (APSG, APOL, BAC, WL, AIG, RVBD, BIDU)

Applied Signal Technology: Hold shares

They don't all work out. After gapping up in June, Applied Signal Technology's (APSG ) stock chart has misbehaved, which is why I'm placing a hold on the company's shares, first recommended on June 22, 2009, at a price of $24.34.

Despite a decent third quarter EPS performance of 25 cents, 1 cent below the First Call Q3 EPS estimate of 26 cents, institutional investors have continued to exit the stock, with the stock recording several dips below the key, 50-day moving average line.

Continue reading Applied Signal Technology: Hold shares

Applied Signal Technology is ignoring the recession

It goes without saying that the tech-based intelligence, surveillance, and security systems sector is favored here, and with the aforementioned in mind Applied Signal Technology (NASDAQ: APSG) is worth a review.

In general, analysts expect strong demand for Applied's broadband communications equipment and its new Model 680 Raider product to continue.

Continue reading Applied Signal Technology is ignoring the recession

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 11:19 PM

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