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NASDAQ Stocks Hitting 52-Week Highs
Monday, July 11, 2011 - 10:22am | 125Susser Holdings Corporation (NASDAQ: SUSS) shares rose 4.36% to create a new 52-week high of $18.33. SUSS' trailing-twelve-month revenue is $4.16 billion. Peet's Coffee & Tea Inc (NASDAQ: PEET) shares gained 1.05% to create a new 52-week high of $62.66. PEET had no debt for the recent quarter...
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Dunkin' Donuts Files for IPO
Monday, July 11, 2011 - 9:17am | 430Dunkin' Brands filed with the Securities and Exchanges Commission for an IPO Monday morning, under the symbol DNKN on the Nasdaq. This international doughnut and coffee company has 9,700 stores in 31 countries. The company has more than $5 billion in annual revenues, and may be able to raise...
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UPDATE: Sterne Agee Raises PT on BJ's Restaurants to $62
Monday, July 11, 2011 - 8:43am | 131Sterne Agee is out with its report today on BJ's Restaurants (NASDAQ: BJRI), raising its PT from $49 to $62. In a note to clients, Sterne Agee writes, "We continue to view BJRI as the most attractive growth company in casual dining with the potential to more than triple its store base. We are also...
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Cracker Barrel Closes on Five-Year $750M Bank Credit Facility
Monday, July 11, 2011 - 7:03am | 58Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) announced today that it has entered into a five-year $750 million bank credit facility comprised of a $250 million term loan and a $500 million revolving line of credit. The new credit facility replaces term loans totaling $575 million, and a...
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Merger Arbitrage Mondays – July 11, 2011
Monday, July 11, 2011 - 4:15am | 4992Merger activity decreased last week with three new all-cash deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 121 Total...
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All's Fair in Coffee and Sugar
Sunday, July 10, 2011 - 5:38am | 1697By EconMatters You might recall that bitter coffee divorce from last December when Kraft Food (KFT) took Starbucks (SBUX) to court to prevent Starbucks from unwinding a 13-year packaged coffee distribution partnership. Well, that food fight has finally come to close with the partnership...
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Market Reacts to Unemployment 07-08-2011
Friday, July 8, 2011 - 1:27pm | 990Cusick's Corner The macro picture in the US is not as rosy as the market was picturing. But by no means does this mean that we are in a major trend shift, in fact this is a market that is still in an uptrend. The question is what the Fed will do now that QE is off the table and Washington is still...
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Options Brief: YUM! Brands
Friday, July 8, 2011 - 12:01pm | 90Shares of YUM! Brands (NYSE: YUM) are lower on the session by 0.43%, trading at $55.35. Overall put volume is now running at 6.61x the daily average, with 9% of all puts traded being purchases on the offer. 15,485 contracts have traded on the session so far. YUM! Brands, Inc. is a quick service...
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Piper Jaffray Raises PT On Panera Bread To $148
Friday, July 8, 2011 - 6:30am | 27Piper Jaffray has raised the price target on Panera Bread (NASDAQ: PNRA) from $136 to $148 and maintains its Overweight rating.
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Piper Jaffray Reiterates Overweight on Panera Bread, Raises PT to $148
Friday, July 8, 2011 - 6:19am | 47Piper Jaffray reiterated its Overweight rating on Panera Bread (NASDAQ: PNRA). At the same time, Piper Jaffray raised its price target on the company's stock from $136 to $148. On Thursday, Panera added 1.34% to its value to end the day at $131.96.
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Friday, July 8, 2011 - 12:59am | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 7:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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UPDATE: Goldman Sachs Downgrades Yum! Brands to Sell
Thursday, July 7, 2011 - 9:43am | 93Goldman Sachs is out with its report today on Yum! Brands (NYSE: YUM), downgrading YUM from Neutral to Sell. In a note to clients, Goldman Sachs writes, "We downgrade YUM to Sell from Neutral as we see risk to its China P&L, where YUM sources 40% of its profits. YUM's China SSS may slow by...
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Biggest Pre-Market Winners and Losers
Thursday, July 7, 2011 - 9:24am | 219Winners: Target (NYSE: TGT) is up over 6.50%, trading near $51.60 after reporting positive June sales results. Amphenol (NYSE: APH) is up over 5.50%, trading near $57.40. Kohl's (NYSE: KSS) is up over 5%, trading near $54.80 after reporting positive June sales results. Apollo Group (NASDAQ:...
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Bank Of America Raises Price Target On McDonald's To Buy
Thursday, July 7, 2011 - 8:37am | 65According to Bank of America, McDonald's (NYSE: MCD) continues to be rated Buy. Bank of America said that the price target is raised to $96. “We are also fine tuning our EPS estimates higher, raising our 2Q estimate from $1.28 to $1.29, a penny above consensus, our 2011 EPS estimate from $5.09 to...