Arch Coal Soars on Strong Earnings, But Can It Overcome Resistance?

Tags: ACI
26 Jul 3:10am
Posted by SchaeffersResearch
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Arch Coal (ACI) has tacked on more than 9% this afternoon following a stronger-than-expected earnings report. The firm reported that second-quarter net income more than tripled to $113 million, or 78 cents per share, while revenue increased 31% to $785.1 billion. Analysts had predicted earnings of 64 cents on revenue of $737 million. The shares have skyrocketed today, but the rally has been halted by the security's declining 10-day moving average. The stock's 10-day and 20-day moving ave...
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Put Trading Spikes on Coventry Health Care

Tags: CVH
26 Jul 2:31am
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This morning, health insurer Coventry Health Care (CVH) announced second-quarter earnings of $83.2 million, or 55 cents per share, one revenue of $2.98 billion. Analysts had expected a profit of 55 cents per share on sales of $3.02 billion. Coventry's medical expenses rose 41% to $2.27 billion. The company's premium revenue grew 31% to $2.64 billion, and management services revenue rose 6% to $334.2 million. Meanwhile, the firm reaffirmed its full-year profit forecast of $3.65 to $3.75 p...
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Abercrombie & Fitch Co. (ANF) Hammered by Multiple Downgrades

Tags: ANF
26 Jul 2:00am
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The shares of Abercrombie & Fitch Co. (ANF) are getting hammered this afternoon following news that Michael W. Kramer will resign as executive vice president and chief financial officer to become the chief executive of another company. Kramer's resignation will take effect August 18. Wall Street has made its opinion known by issuing a series of downgrades. Thomas Weisel lowered the shares from "overweight" to "market weight" and cut his price target from $87 to $60, while SunTrust Robinso...
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Burlington Northern Santa Fe Corp. Slips on Earnings Report

Tags: BNI
26 Jul 1:35am
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After the close on Thursday, Burlington Northern Santa Fe Corp. (BNI) announced second-quarter earnings of $350 million, or $1 per share, compared to its year-ago profit of $433 million, or $1.20 a share. The latest results include one-time charges that reduced earnings by 34 cents a share. Revenue for the railroad jumped nearly 17% to $4.48 billion. The consensus on the Street was for a profit of $1.32 a share on $4.42 billion in revenue. Apparently, investors weren't impressed with the...
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Option Skews - Research in Motion, Sirius Satellite Radio, Suntech Power Holdings Co Ltd, XTO Energy, Netflix , Washington Mutual

Tags: RIMM
25 Jul 8:46pm
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Companies seeing a skew towards puts in the previous session: PowerShares QQQ Trust (QQQQ), Bank of America (BAC), Washington Mutual (WM), General Motors (GM), Wells Fargo & Co (WFC), Deere & (DE), J.P. Morgan Chase & Co. (JPM), Suntech Power Holdings Co., Ltd. (STP), FREDDIE MAC (FRE), Wachovia (WB), Las Vegas Sands Corp. (LVS), Intel Corp. (INTC), Research in Motion (RIMM), U.S. Bancorp (USB), Halliburton (HAL), Southwest Airlines (LUV), Monsanto Co (MON), Wynn Resorts (WYNN), ICICI Bank (IB...
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Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.

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