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April 9, 2010
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Chevron reported Thursday after the bell that Q1 earnings are likely to be better than Q4. Additionally, they forecast upstream earnings to rise on the back of higher commodity prices while downstream results are expected to swing positive on improved refining margins.
(STZ) - buy
Earnings Play: Constellation Brands expected to report Q4 earnings BMO of 24 cents P/S vs 21 cents P/S.
(SJR) - buy
Earnings Play: Shaw Communications expected to report Q2 earnings BMO of 32 cents P/S vs 29 cents P/S.
(WYNN) - buy
Wynn Resorts hit a new 52 week high during trading on Thursday amidst heavy trading volume. Little sign of the surge losing strength into the final close.
(MGM) - buy
MGM Mirage hit a new 52 week high during trading on Thursday amidst almost 4X average trading volume. Potential is imminent for share price to climb higher.
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