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Monday, March 9, 2009
Dow Jones Futures 3/10/09 - Stock Market Futures
Stock Market Futures 3/10/09 - Pre Market Trading - Updated 8:15am EST
Dow Jones Futures - Up 113
S&P 500 Futures - Up 14
Nasdaq Futures - Up 15
Nikkei - 7054 Down 34
Oil Futures - 47.80
Gold Futures -909.90
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Dow Jones Analysis 3/10/09 Stock Market Analysis
Dow Jones Support & Resistance Levels - March 10, 2009 - DJI
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Nasdaq Analysis 3/10/09 March 10, 2009
Nasdaq Support & Resistance Levels - March 10, 2009
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Dow Jones Close 3/9/09 - Stock Market Closing Prices
Dow Jones Industrial Average ( DJIA ) Close - 6547.05 Down 79.89
Nasdaq Stock Market Close - 1268.64 Down 25.21
S&P 500 Close - 676.52 Down 6.86
http://dowjonesclose.com
Libor Rates - 3/9/09
Commodities Closing Prices - 3/9/09
Gold - 922
Oil - 47.10
Natural Gas - 3.85
The Dow Jones Industrial Average ( DJI ) closed at 6547 on 3/9/09, as the stock market went on another roller coaster ride today. The Dow Jones Futures started the day on a down note but right after the open stocks soared as the bank stocks took off higher. Wells Fargo ( WFC ) went over $10 and Bank of America hit $3.75 after Warren Buffett made some bullish comments on Wells Fargo during a CNBC interview. Also in pre market, shares of Stem Cell Companies went up significantly due to President Obama reversing the restriction on stem cell research. All of the Stem Cell Stocks opened up higher but sold off throughout the day. On a positive note, Dryships ( DRYS ) is breaking out above $4 per share. This is a technical break out but earnings have yet to be released so I am wary.
Oil prices were strong today, March 9th, as there may be another OPEC cut coming this weekend. The price of Oil closed on the Nymex at $47.10. Gold prices went the opposite way as it appears another retest of $900 is right around the corner.
Wall Street still has the flu! Every stock rally we get is sold and we end up going lower. Art Cashin, floor trader on the NYSE, says we are close to a capitulation move in which we could get a reversal upward. Art says he would like to see a big down day tomorrow followed by a sharp rebound. I continue to look for that capitulation move where people give up causing prices to go sharply lower. This is what we need in order for declare a stock market bottom for 2009. Support for the Dow Jones is currently at 6300 and on the Nasdaq I am watching 1253.
I will have full technical analysis of the stock market tonight - Right Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Bank Stocks 3/9/09 March 9, 2009 - WFC
Banking Stock Update - March 9, 2009
Wells Fargo ( WFC ) - $9.62 Up 11.73% - Thanks Warren Buffett!
Bank of America ( BAC ) - $3.66 Up 16.63%
Citigroup ( C ) - $1.04 Up 1% - Even Citi is going up!!
JP Morgan ( JPM ) - $16.89 Up 6.03%
Financial Bull 3X ( FAS ) - $2.88 Up 9.03%
General Electric ( GE ) - $7.50 Up 6.23%
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Baltic Dry Index Shipping Rates 3/9/09 BDI
http://dryindex.com/
Dry Bulk Shipping Rates - March 9, 2009 - Up 7 Straight Days
Baltic Dry Index ( BDI ) - 2262 Up 37
Spot 4 - TC Average - 28382 Down 103
Baltic Cape Index ( BCI ) - 2831 Down 8
Baltic Panamax Index ( BPI ) - 2316 Up 86
Supramax Index ( BSI ) - 1713 Up 25
Past Bulk Shipping Rates
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Hot Penny Stocks 3/9/09 March 9, 2009
Penny Stock Gainers - March 9, 2009
Aastrom Biosciences ( ASTM ) - $0.59 Up 78.79% - ASTM is going due to the Obama stem cell funding decision. ASTM is a little lower from earlier pre market highs.
Other Stem Cell Penny Stocks soaring today are: OPXA, KOOL, and PSTI
General Growth Properties ( GGP ) - $0.39 Up 18.18% - General Growth to ask bondholders for extension- WSJ
Satyam Computer (SAY) - $1.73 Up 14.57% - Satyam Announces Commencement of Process to Select an Investor
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Biggest Stock Gainers 3/9/09 March 9, 2009
Hot Stocks 3/9/09 - Biggest Gainers Today
Stem Cells ( STEM ) - $2.18 Up 58% - STEM is going due to the Obama stem cell funding decision. Stem is a little lower from earlier pre market highs.
Geron ( GERN ) - $5.00 Up 29% - Because of the above stem cell news
Cytori ( CYTX ) - $3.00 Up 29.87% - Because of the above stem cell news
American Oriental Bioengineering (AOB) - $4.18 Up 22.22% - American Oriental Bioengineering to Initiate a Phase One Clinical Trial in the United States of AOBO-001 Oral Capsule.
Ultra Short Real Estate ETF ( SRS ) - $105.00 Up 5.75%
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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1 and 3 Month Libor Rates - 3/9/09 - Today's Libor Rates
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
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Stem Cell Stocks 3/9/09 March 9, 2009
Stem Cell Stocks March 9, 2009 - Pre Market
Stem Cells ( STEM ) - $2.21 Up 60.14%
Geron ( GERN ) - $5.10 Up 31.78%
Aastrom Biosciences ( ASTM ) - $0.63 Up 90.91%
Pluristem Therapeutics (PSTI) - $1.23 Up 15%
Opexa Theraputics ( OPXA ) - $0.55 Up 83.33%
Thermogenesis ( KOOL ) - $0.60 Up 49.25%
Cytori Therapeutics ( CYTX ) - $3.30 Up 42.86%
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Merck MRK buys Schering-Plough SGP 3/9/09
- COMBINED COMPANY POSITIONED FOR SUSTAINABLE GROWTH THROUGH SCIENTIFIC INNOVATION AND A STRONGER, MORE DIVERSIFIED PRODUCT PORTFOLIO
- Powerful Joint R&D Pipeline with Strong Candidates in All Development Phases Doubles the Number of Late-Stage Compounds to 18
- Broader Product Portfolio in Critical Therapeutic Areas
- Expanded Global Presence Including High-Growth Emerging Markets
- Expected to be Significantly Accretive, Increase Efficiencies and Result in Cost Savings of Approximately $3.5 Billion Annually
- Merck Committed to Maintain Current Dividend
March 9, 2009 - Merck & Co., Inc. (NYSE: MRK) and Schering-Plough Corporation (NYSE: SGP) today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which Merck and Schering-Plough will combine, under the name Merck, in a stock and cash transaction. Under the terms of the agreement, Schering-Plough shareholders will receive 0.5767 shares and $10.50 in cash for each share of Schering-Plough. Each Merck share will automatically become a share of the combined company. Merck Chairman, President and Chief Executive Officer Richard T. Clark will lead the combined company.
Based on the closing price of Merck stock on March 6, 2009, the consideration to be received by Schering-Plough shareholders is valued at $23.61 per share, or $41.1 billion in the aggregate. This price represents a premium to Schering-Plough shareholders of approximately 34 percent based on the closing price of Schering-Plough stock on March 6, 2009. The consideration also represents a premium of approximately 44 percent based on the average closing price of the two stocks over the last 30 trading daysFull Article
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