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Wachovia Continues Slide

Eaton Poised For New Highs

Hershey Heats Up

First Bud, now Hershey. It seems America’s favorite chocolate maker, Hershey (HSY, $38.84, down $1.09), is the latest company joining the rounds as possible takeover targets. On Tuesday, Hershey’s stock gained nearly 10% on speculation the company may be considering a joint venture to help lift slumping sales. The shortRead more

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Kaydon Hits Blue-Skies

Kaydon Corporation (KDN, $60.47, up $1.36) is doing well today and is in “blue-sky territory.” If you are unfamiliar with the term “blue-sky territory” it is something I say when a stock breaks above all previous resistance points and is at new all-time highs. I’ve been talking about “Wind Power”Read more

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Black Box Recovers

Last Friday Black Box (BBOX, $29.31, up $1.30) fell nearly 15% after reporting earnings. Yesterday, the stock recovered about 5% of that loss but will it be short lived? The company’s numbers were decent but were below what one analyst had penciled in. In other words, although Black Box saidRead more

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Chipotle Mexican Grill Update

I’ve been fielding a lot of questions on Chipotle Mexican Grill (CMG, $85.07, down $1.03) lately and I thought I would provide an update on what has happened since my last post on the company a couple of weeks ago. Restaurant stocks have taken a beating lately and in thatRead more

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Ford/ General Motors Not Seeing Green

It has been a tough road for Ford (F, $6.87, down $0.29) and General Motors (GM, $17.60, down $0.83) lately. Both stocks have taken big hits; GM has fallen from $23 to $17 while Ford has dipped from $8.50 to just below $7 since the start of May. The raceRead more

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Sector Watch: Shipping Stocks

Shipping stocks went the way of the market capping a two day sell-off as traders were nervous holding positions ahead of a holiday weekend. The Baltic Dry Index, which measures dry bulk shipping rates, had hit record highs earlier in the week. The index trades on the London exchange andRead more

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Market Recap

It wasn’t a good week for the market as all three major indicies finished in the red. Before we get to the numbers, the biggest concern remains the FOG (food, oil and gas). We are beginning to see the impact of higher commodity prices spread to other areas that areRead more

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This Bud's For…InBev?

There are reports out that Belgian brewer InBev is interested in making a bid for Anheuser-Busch (BUD, $56.13, up $3.55). The offer could be in the range of $46-$50 billion. Of course, AB said it was their “policy to not confirm, deny or speculate on rumors of potential investments, acquisitions,Read more

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