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Closing Bell: Bulls start getting drunk (MO, AIG, BA, C, HOG, IMMU)

Posted Aug 27th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Citigroup Inc. (C), Altria Group (MO), Boeing Co (BA), Amer Intl Group (AIG), Harley-Davidson (HOG)

This morning's revised GDP and still high jobless claims were of no concern to the bulls. After a key DJIA component had news, and after interest perked back up in the financial stocks, traders forgot about selling and just started buying all over again. Seven days in a row of an up market is becoming a normal event, it seems.

Here were today's unofficial closing bell levels:

Dow 9,576.47 +32.95 (0.35%)
S&P 500 1,030.91 +2.79 (0.27%)
Nasdaq 2,028.09 +3.66 (0.18%)

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Continue reading Closing Bell: Bulls start getting drunk (MO, AIG, BA, C, HOG, IMMU)

Analyst initiations 2-20-07: Actions Semi started with Outperform

Posted Feb 20th 2007 12:38PM by Melly Alazraki (RSS feed)
Filed under: Analyst Initiations

MOST NOTEWORTHY:

Actions Semiconductor Co., Ltd. ADS (NASDAQ:ACTS) was the only noteworthy initiation today. Shares of the fabless semiconductor company were started with an Outperform rating and $10 target at Pacific Crest. The firm believes Actions is a cheap way to play the world's largest MP3-controller vendor.

OTHER INITIATIONS:

Lazard started Immunomedics, Inc. (NASDAQ:IMMU) with a Buy rating and $6 target.
SuperValu, Inc. (NYSE:SVU) was initiated at Morgan Stanley with an Equal Weight rating.
CIBC started Cameco Corp. (NYSE:CCJ) with a Sector Outpeformer rating, with expectations for uranium demand to stay robust.
HSBC Holdings initiated shares of Liberty Global, Inc. (NASDAQ:LBTYA) with an Overweight rating.
AG Edwards initiated Spectra Energy Corp. (NYSE:SE) with a Hold rating.