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Cutting Taxes to Create Jobs is a Lie
Friday, July 29, 2011 - 12:39pm | 1441For thirty years, Republicans have behaved exactly like dolls with pull strings. Tug on the back, and they repeat, without fail, "we need to cut taxes on businesses so they can create jobs". Likewise, for thirty years, Democrats have tried to tell Republicans that this is a terrible idea. "Reality...
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US Stock Futures Down On Debt Worries
Friday, July 29, 2011 - 6:13am | 527US stock futures are lower this morning, after Thursday's House budget vote on the US debt ceiling was rescheduled. Futures for the Dow Jones Industrial Average dipped 55 points to 12,138.00 and S&P 500 index futures fell 5.70 points to 1,291.10. Nasdaq 100 futures dropped 7.75 points to 2,362....
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Stocks To Watch For July 29
Friday, July 29, 2011 - 3:39am | 259Some of the stocks that may grab investor focus today are: Wall Street expects Merck & Company Inc (NYSE: MRK) to report its Q2 EPS at $0.95 on revenue of $11.78 billion. Merck shares dropped 0.74% to close at $34.93 yesterday. Starbucks Corp (NASDAQ: SBUX) reported its Q2 profit at $279...
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Fast Money Picks For July 29th (XLU, SBUX, SKX)
Thursday, July 28, 2011 - 7:49pm | 149CNBC Fast Money's Guy Adami said on the show that you should sell Starbucks Corporation (NASDAQ: SBUX) tomorrow. Starbucks Corporation (SBUX) gained 2.59% in the regular trading session, and it added 1.18% in the after hours. Steve Grasso recommended a defensive strategy. He wants to buy...
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Will Bonds Rally, Yields Go Down? 07-28-2011
Thursday, July 28, 2011 - 6:38pm | 1094Cusick's Corner I thought the market was going to get a little lift into the After Hours with Finance, XLF, and Tech, QQQ/XLK, leading but that is not the case, squeezing more longs out of the market. I have ratcheted down my size in trades at this stage, and will be watching the headlines for any...
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Ruth's Hospitality Group Announces CFO Change; Arne Haak to Become New CFO
Thursday, July 28, 2011 - 5:02pm | 155Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) announced today that Executive Vice President & Chief Financial Officer Bob Vincent will transition to a newly created position of Senior Vice President of Corporate Strategy. Effective August 8, 2011 Mr. Vincent will be responsible for formulating...
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Starbucks Jumps on Stellar Earnings Results
Thursday, July 28, 2011 - 4:14pm | 195Shares of Starbucks (NASDAQ: SBUX) are trading higher in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 2.25%, at $40.88; they ended the regular session higher by 2.59%, at $39.98. Starbucks reported Q3 EPS of $0.36 on revenues of $2.93...
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Starbucks Moving Higher After Earnings
Thursday, July 28, 2011 - 4:09pm | 154Starbucks (NASDAQ: SBUX) released its Q3 earnings results on Thursday after the closing bell. The company reported EPS of $0.36 compared to analysts' consensus estimates of $0.34. Revenues came in at $2.93 billion versus Wall Street revenue expectations of $2.85 billion. Looking ahead, Starbucks...
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Gridlock Continues 07-28-2011
Thursday, July 28, 2011 - 2:52pm | 1096Cusick Corner Gridlock continues and hedging was the name of the game. This will be short because this budget impasse makes trading or investing dicey at best. If we go into the weekend with no resolution and more politicking, volatility will continue to grow and further uncertainty will turn into...
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Don't Get Burned by Dunkin's Hot IPO – Check out AFC Enterprises Instead
Thursday, July 28, 2011 - 10:15am | 351Benzinga Radio talked with analyst Sam Yake of BGB Securities and he provided some great insight into Dunkin' Brands (NASDAQ: DNKN) IPO and other overlooked values in the quick service restaurant space. Dunkin' Brands is getting a lot of attention with its hot IPO, initially offered at $19 / share...
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AFC Enterprises to Relocate to New Corporate Headquarters
Thursday, July 28, 2011 - 9:08am | 155AFC Enterprises, Inc. (NASDAQ: AFCE) today announced it has entered into a lease for a new corporate headquarters in Dunwoody, Georgia when the lease on the company's current building expires in the latter part of the year. The new headquarters will be located at The Terraces North at 400...
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UPDATE: J.P. Morgan Lowers PT on P.F. Chang's China Bistro to $42
Thursday, July 28, 2011 - 8:51am | 103J.P. Morgan is out with its report today on P.F. Chang's China Bistro (NASDAQ: PFCB), lowering its PT from $45 to $42. In a note to clients, J.P. Morgan writes, "We believe restaurant companies bottom at 5-6x EBITDA, and with these FCF yields, these multiples should support PFCB shares at current...
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News Summary for July 28, 2011
Thursday, July 28, 2011 - 7:53am | 584This is your Benzinga news summary and traders' outlook for Thursday, July 28, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat as traders wait for the decision on the debt ceiling and the weekly...
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Benzinga's Top Pre-Market Gainers
Thursday, July 28, 2011 - 7:48am | 115LSI Corporation (NYSE: LSI) rose 8.70% to $7.00 in the pre-market session. LSI reported upbeat Q2 earnings. Polo Ralph Lauren Corporation (NYSE: RL) added 3.72% to $137.98 in the pre-market session. RL is scheduled to report its Q1 results on August 10, 2011. Cisco Systems Inc (NASDAQ: CSCO)...
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JP Morgan Lowers PT on PF Chang's To $42
Thursday, July 28, 2011 - 7:16am | 27JP Morgan has lowered the price target on PF Chang's (NASDAQ: PFCB) from $45 to $42 and maintains its Neutral rating.