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IPO News

There hasn’t been much excitement in the IPO (initial public offering) world lately as only 13 companies went public in the second quarter. There was only three in July: China Distance Education Holdings (DL, $6.39, down $0.05), Energy Recovery (ERII, $11.00, up $0.06) and GT Solar International (SOLR, $11.98, upRead more

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Weekly Recap

Just when the market looked worse than a dog’s breakfast, things have suddenly changed over the past few weeks that has led to a strong rebound. The market has been shrugging off the bad news and heading higher thanks in part to a stronger dollar and plunging oil prices. FannieRead more

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RIMM Over $130

Research In Motion (RIMM, $132.14, up $4.89) is having another huge day after touching a low of $116 on Monday. The move can be attributed to a positive note out of Citigroup saying the company is poised for a strong second half of the year with the introduction of theRead more

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McDonald's at 52-Week High/ Sonic Up

McDonald’s (MCD, $64.23, up $2.37) is bending over backwards and doing cartwheels as we head into the Olympics. The timing couldn’t be any better. The Beijing Olympics started today and it just so happened that McDonald’s reported their numbers for July same-store sales. Coincidence? Nah. The company reported a better-than-expectedRead more

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Test Post for Subscribers

Abercrombie Hits New Lows

Tough day for Abercrombie & Fitch (ANF, $50.51, down $5.22). The stock is shedding 9% after reporting same-store sales were down 7% in July. Same-store sales are sales at stores open at least a year. Wall Street was expecting a decrease of 1.4%. The company also owns the Hollister andRead more

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Microsoft Showing Strength

With the Dow slipping 110 points two hours into the trading session, one bright spot so far has been Microsoft (MSFT, $27.43, up $0.41). The stock is having a great week after touching a low of $25.11 Monday. There’s no real news concerning Microsoft. The fact that Carl Icahn hasRead more

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Johnson & Johnson Hits New High

Johnson & Johnson (JNJ, $71.13, up $0.68) is setting a new 52-week high today and has been solid since its earnings report. I mentioned good things could be in store for the company and the chance of the stock setting new 52-week highs was a good possibility if earnings wereRead more

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Checking In On the VIX

The market has been on a roll and it’s been a while since I have mentioned the VIX (^VIX, 21.32, up 0.18). Those of you new to the blog, the VIX is the CBOE Market Volatility Index that measures market sentiment. The market appears to be building momentum and whenRead more

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Cisco Beats Estimates, Stock Up

Cisco Systems (CSCO, $23.52, up $0.87), the king of beating earnings by a penny, did just that when it reported earnings yesterday after the closing bell. For the quarter, the company reported profits of $2 billion, or $0.33 a share, compared with a profit of $1.9 billion, or $0.31 aRead more

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CFTC Disclosure:

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