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Stocks were hit hard today, falling due to earning jitters and declining oil prices. Over 10% of stocks in the S& P 500 either cut or suspended dividends this quarter further adding to the negative sentiment. The DJIA dropped 161.27 to 8163.60, the Nasdaq fell 41.23 to 1746.17 and the S& P 500 gave back 17.69 to 881.03.
Health insurers bucked the downward trend today with Aetna (AET | Quote | Chart | News | PowerRating) and Cigna (CI | Quote | Chart | News | PowerRating) climbing higher on relief that Obama may delay implementing his government health plan.
Recession thriving, Family Dollar Stores (FDO | Quote | Chart | News | PowerRating), reveals its third quarter earnings before the bell on Wednesday with 59 cents/share the consensus estimate.
Soft drink king pin, Pepsi Bottling Group (PBG | Quote | Chart | News | PowerRating), expects 73 cents/share at its earnings release pre-open.
The search engine juggernaut, Google (GOOG | Quote | Chart | News | PowerRating), dropped below $400.00/share today.
American International Group (AIG | Quote | Chart | News | PowerRating) lost a $4.3 billion dollar case against a private company run by its former CEO Hank Greenberg alleged to have looted AIG for billions in stock. In addition, the company executed a massive 1 for 20 reverse stock split sending shares plummeting.
Alcoa (AA | Quote | Chart | News | PowerRating) will announce its second quarter earnings after the bell on Tuesday with an expected loss of 36 cents/share.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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