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Chesapeake Benefits From Obama Victory, Takeover Talks

With a half-hour left to go in today’s trading session, the Dow is down 400 points to 9,225 but there are some pockets of strength in certain sectors. Chesapeake Energy (CHK, $26.10, up $3.15) is having a monster day as Wall Street seems to believe that Chesapeake and other naturalRead more

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Opening Bell Outlook

Welcome to a new day and a new America. Senator Barack Obama made history by winning the U.S. presidential election and it was finally nice to see some energy in our country. Polls were packed, people waited in line for hours and America seemed to come together as we allRead more

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Potash Update

Potash (POT, $93.17, up $8.21) is up nearly 10% today as we are halfway through the trading session. It’s an exciting day in the market and we have used the bullishness in the market to ride this stock higher. There was a positive story in Barron’s yesterday about the fertilizerRead more

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MasterCard Lifts Financial Stocks

MasterCard (MA, $159.50, up $15.61) is having a stellar morning after reporting earnings that beat Wall Street’s expectations. The results were a mixed bag of tricks as MasterCard had to pony up over $500 million to settle some legal matters with Discover Financial Services (DFS, $12.55, up $0.56). To start,Read more

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Market Ends Flat Ahead of Election

The market had its least volatile session in well over a month as Wall Street ignored some weak economic news (what else is new) and instead chose to focus on today’s upcoming election. The Dow started Monday off slightly higher but we did not get the 100 point open inRead more

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Opening Bell Update

The market is not out of the woods yet. U.S. elections will take center stage on Tuesday and many experts believe the outcome has largely been priced into stocks (meaning an Obama victory). The chatter this morning is that if the Democrats sweep it could pave the way for higherRead more

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Casino Stocks Continue Higher

The casino stocks powered higher again on Friday and are showing some good momentum right now. Wynn Resorts (WYNN, $60.40, up $13.90) kept the ball rolling by announcing good 3Q results despite lousy Las Vegas revenues. The company reported a profit of $51 million, or $0.49/ share, up from $45Read more

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3rd Quarter IPO's

Now that 3Q is in the books it was no surprise that there weren’t many initial public offerings (IPOs) during the quarter. In fact, there were only 12 companies that were brave enough to make their debuts and they only raised $1.9 billion. It marked the slowest quarter since 2QRead more

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Potash Smokes Higher

Exxon Mobil Reports Record Earnings

Exxon Mobil ($72.96, down $1.69) reported earnings that smashed its own record for the biggest profit from a U.S. company, earning an astounding $14.9 billion in the third quarter. That makes back-to-back quarters that Exxon has broken its own record. The company reported revenues of $138 billion and net incomeRead more

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