STOCKS NEWS US-S&P logs 6th day of gains with earnings in view

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1655 ET 12Oct2009-US STOCKS
S&P logs 6th day of gains with earnings in view

The S&P 500 managed a sixth consecutive day of gains on Monday to end at its closing high for the year as energy shares rose alongside the price of oil.

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1650 ET 12Oct2009-ANALYSIS
The dollar's slump is good news for US earnings

This week investors could get the clearest indication yet of whether revenues are growing again for U.S. companies as a number of bellwethers are likely to reap a benefit from the dollar's weakness.

The earnings diary features companies like chip maker Intel Corp., International Business Machines and General Electric Co that stand to benefit the most from the U.S. dollar's steep decline in the third quarter.

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1359 ET 12Oct2009
Wynn Resorts, Las Vegas Sands down after report on Macau

Shares of casino operators Las Vegas Sands and Wynn Resorts Ltd fell on Monday after a news report that Macau was said to be considering gambling restrictions. For full story, please double-click

Shares of Las Vegas Sands slipped 0.6 percent to $17.93 on the New York Stock Exchange, while shares of Wynn Resorts also declined 1.7 percent to $66.61 on the Nasdaq. For full story, please double-click

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1338 ET 12Oct2009
Markets rise ahead of earnings, on weaker dollar

U.S. stocks rose on Monday, as a weaker U.S. dollar lifted commodity and natural resource companies.

Investors also looked ahead to the release of key earnings results expected later this week.

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The Dow Jones industrial average rose 0.4 percent to 9,904.54 while the S&P 500 gained 0.6 percent to 1,077.98 and the Nasdaq was up 0.3 percent to 2,146.61.

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1329 ET 12Oct2009
Exco Resources rises after Stifel move

Shares of Exco Resources Inc rose on Monday, after Stifel Nicolaus started coverage on the stock with a 'buy' rating, seeing strong production growth for the company.

The firm added that the production growth would be mostly internally funded, without the need to take on more debt or tap equity markets.

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The stock gained 5.5 percent to $20.24.

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1320 ET 12Oct2009
Cowen downgrades Lockheed Martin, shares fall

Shares of Lockheed Martin Corp fell on Monday, after Cowen & Co downgraded the stock to 'neutral' from 'outperform,' saying its 2010 earnings outlook may trail average estimates of analysts.

The firm added that production of the F-22 Raptor plane has been capped, a factor that will impact 2010 sales.

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Shares of Lockheed fell 1.9 percent to $74.41.

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1316 ET 12Oct2009
YRC shares rise, lenders agree to amend agreement

Shares of YRC Worldwide Inc rose on Monday, after the company said its lenders had agreed to amend portions of its credit agreements.

The lenders agreed to suspend its minimum liquidity covenant until Oct. 30, among other changes.

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The stock climbed 11 percent to $4.54.

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1311 ET 12Oct2009
EnergySolutions falls after Wedbush downgrade

Shares of EnergySolutions Inc fell on Monday, pressured after Wedbush Morgan downgraded the stock to 'neutral' from 'outperform,' saying it lacked near-term catalysts.

'The earnings growth opportunities remain, although the timing of such catalysts has slipped into 2010/2011,' the firm wrote to clients.

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The stock fell 3.8 percent to $8.60.

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