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JP Morgan Drops Price Target for Fortune Brands (FO)
Monday, August 2, 2010 - 8:28am | 167JP Morgan analysts Michael Rehaut and Jason Marcus lowered their price target for Fortune Brands (NYSE: FO) by a dollar, from $50 to $49 following the company's Q2 conference call. Fortune Brands is a holding company that produces distilled spirits, home and security products, and golf products....
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Newell Rubbermaid Tops - Analyst Blog
Friday, July 30, 2010 - 3:06pm | 449Newell Rubbermaid Inc. (NWL), the maker of Sharpie pens and Rubbermaid containers, logged a strong 23.4% growth in second quarter 2010 GAAP earnings to $130.4 million from $105.7 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 51 cents, which easily...
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Fortune Beats, Lifts Outlook - Analyst Blog
Friday, July 30, 2010 - 1:00pm | 441Fortune Brands Inc.’s (FO) second-quarter 2010 GAAP earnings more than doubled to $227.4 million from $99.8 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 98 cents, surging past the Zacks Consensus Estimate of 76 cents and the year-ago adjusted...
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Company News for July 30, 2010 - Corporate Summary
Friday, July 30, 2010 - 8:45am | 353• Google (NASDAQ: GOOG) retracted from its last night's claims that its search engine was completely blocked in China, saying, "Because of the way we measure accessibility in China, it's possible that our machines could overestimate the level of blockage... It appears now that users in China are...
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A Peek Into The Market Before The Trading Starts
Friday, July 30, 2010 - 8:20am | 388Pre-open movers US stock futures fell today, ahead of the release of the US economic growth data for the second quarter. While futures on the Dow Jones Industrial Average slipped 94 points to 10,315, those on the S&P 500 lost 11.80 points to 1,085. Meanwhile, Nasdaq 100 futures fell 18.25...
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Newell Rubbermaid Posts Mixed Results (NWL)
Friday, July 30, 2010 - 5:57am | 294Atlanta, Georgia based Newell Rubbermaid Inc. (NYSE: NWL) announced on Friday morning that it beat consensus Wall Street earnings estimates, while just missing revenue expectations. Newell Rubbermaid Inc. (NWL) reported that its 2nd quarter net income rose to $130.4 million, or 41 cents per, up...
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Top 5 Percentage Gainers On NYSE (CSR, ZZ, SFI, IDT, GGC)
Monday, July 26, 2010 - 1:27pm | 97These stocks are the top 5 percentage gainers on the NYSE today (volume greater than 100,000 shares). China Security & Surveillance (NYSE: CSR) is at $6.19, up 0.87 (16.35%). Sealy Corporation Sealy Corporation (NYSE: ZZ) is at $2.94, up 0.26 (9.70%). iStar Financial Inc. Common Stock (NYSE:...
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TUP: Adverse Fx, Accounting Adjustments Mask Strong Underlying EPS Growth
Tuesday, July 20, 2010 - 8:26am | 183Analysts at Jefferies & Co maintain their "buy" rating on Tupperware (NYSE: TUP). The target price for TUP is set to $65. According to Jefferies & Co, “2Q ongoing EPS of $1.07 v. $0.86, up 24%, beat our Street high $1.03 estimate, consensus $0.97 and mgt's $0.95-$1.00. FX was a $0.03...
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Benzinga's After Hours Decliners (TUP, NE, TXN, IBM, ATHR, ZION)
Monday, July 19, 2010 - 6:38pm | 183Among the notable stocks that are falling in the after hours are Tupperware (NYSE: TUP), Noble Corp. (NYSE: NE), Texas Instruments (NYSE: TXN), IBM (NYSE: IBM), Atheros Communications (NASDAQ: ATHR), and Zions Bancorporation (NASDAQ: ZION). This list comprises every single notable company to...
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Tupperware (TUP) Profit Up 73% But Shares Plummet
Monday, July 19, 2010 - 4:40pm | 218Orlando, Florida based Tupperware Brands Corporation (NYSE: TUP) released strong financial results late Monday that were unable to meet Wall Street expectations. Tupperware Brands Corporation (TUP) reported that its 2nd quarter net income surged 73% to $57.9 million, or 90 cents per share, up from...
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Top Performing Industries For July 7 (STT, TBH, AUGT, NPK)
Wednesday, July 7, 2010 - 10:37am | 215At 10:55 am, the Dow gained 1.52% to 9,891.81, the broader Standard & Poor's 500 index moved up 1.60% to 1,044.52 and the NASDAQ composite index rose 1.48% to 2,124.81. The industries that are faring well in the market today are: Regional-Northeast Banks: This industry jumped 4.55% by 10:55 am...
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Company News for July 1, 2010 - Corporate Summary
Thursday, July 1, 2010 - 9:27am | 186• Yahoo (NASDAQ: YHOO) said its board authorized a new $3 billion share buyback program for the next three years • Wedbush initiated coverage of Pegasystems (NASDAQ: PEGA) with an "outperform" rating and a $40 price target • S&P lifted its rating on Tupperware Brands (NYSE: TUP) to BBB-, with a...
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Afternoon Market Update
Wednesday, June 30, 2010 - 1:55pm | 139The crude-oil futures reverted to gains following weakness in the June manufacturing data from Chicago. Despite slipping slightly in June, manufacturing levels remained relatively high. Crude oil for August delivery gained 0.7% to $76.43 a barrel. Shares of American Greetings Corp (NYSE: AM)...
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A Peek Into The Market At The Start Of The Trading Day
Wednesday, June 30, 2010 - 12:21pm | 414Pre-open After gaining in early morning, US stock futures faltered after the release of the disappointing private payrolls data. The payrolls data overshadowed the positive news from European Central Bank. A Peek Into Global Markets European markets are mixed. While the Stoxx Europe 600 fell 0.03...
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Piper Jaffray Reiterates Overweight Rating on Sealy (ZZ)
Wednesday, June 30, 2010 - 8:44am | 120Despite news that Sealy (NYSE: ZZ) reported May-quarter results slightly below consensus expectations, Piper Jaffray reiterated its Overweight rating on Sealy this morning. Piper Jaffray notes that "Sealy has done a good job of aligning the business with market dynamics and we continue to recommend...