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Morning Briefing

Wednesday, February 17, 2010

Market Matters:

Greece Still In The Headlines
by Staff Writers

Asia and Europe higher. S&P 500 and NASDAQ futures higher by 2.50 and 3.25 at 6:45 EST. Brent Crude is at $76 with gold at $1117.90 and natural gas at $5.37. The Up Dollar ETF (UUP) closed at $23.43 lower by -0.85%. Currencies see the Yen at 90.67 from 89.65 with the Pound at .63 from .64 and Euro at .73. The 20 Year Treasury ETF (TLT) closed at $90.36 lower by 0.19%. High yield bonds and corporate investment grade bonds higher. News of note this morning include Greece and Goldman Sachs failed to disclose currency swap on bond sale. Hedge funds nibble on Citigroup (C) shares. More...

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Today's Superstock Investor Stock Scorecard:

ALCOA INC (AA)
by Superstock Investor

Our last stock in the Dow Jones Industrial Average is reviewed today. Alcoa (AA) was the first company to report during earnings season and the last stock in our review of Dow Jones Industrial names. Alcoa is below its price target and now there are 27 names with stock prices below their price targets and only 3 that are above their price targets (GE MRK BA).That means 90% of the Dow Jones is trading below its price target. This is DEFINITELY not an overvalued market. More...

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