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Momentum Stocks For Next Week
Saturday, July 2, 2011 - 5:26pm | 2032( click to enlarge ) Motorola Mobility Holdings Inc (NYSE:MMI) has printed a bullish engulfing candlestick pattern on Friday. May be this is the right time to see a more significant rebound. Volume starts to pick up. Could make a huge move to the upside. Looks like we might bounce back into...
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Sterne Agee Maintains Buy on Darden Restaurants
Friday, July 1, 2011 - 9:45am | 83Sterne Agee is out with its report today on Darden Restaurants (NYSE: DRI), maintaining Buy. In a note to clients, Sterne Agee writes, "Our investment thesis on DRI remains intact given the following: 1) Attractive valuation (~13x our FY12 EPS estimate); 2) Differentiated core brands; 3) Strong...
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Ruby Tuesday Appoints Steven Becker and Matthew Drapkin to the Board of Directors
Friday, July 1, 2011 - 8:55am | 106Ruby Tuesday, Inc. (NYSE: RT), Becker Drapkin Management, L.P., and Carlson Capital, L.P. today announced that Steven R. Becker and Matthew A. Drapkin have been appointed as independent members of the Board of Directors of Ruby Tuesday, effective June 30, 2011. In connection with the appointment...
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Bank of America Reiterates Buy and PT of $55 on Darden
Friday, July 1, 2011 - 8:42am | 56Bank of America reiterated its Buy rating on Darden (NYSE: DRI). At the same time, Bank of America left its price target on the company's stock unchanged at $55. On Thursday, Darden ended the day at $49.76. Its shares lost 1.23% of their value in today's pre-market trading to trade around $49.15.
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Jefferies Maintains Buy on Darden Restaurants
Friday, July 1, 2011 - 8:31am | 100Jefferies is out with its report today on Darden Restaurants (NYSE: DRI), maintaining Buy. In a note to clients, Jefferies writes, "$1.00 EPS vs. our $0.99, guide $0.98, cons $1.00 as 2.2% blended SSS drove leverage on labor & other rest exp offsetting higher COGS. SSS beat at all brands...
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News Summary for July 1, 2011
Friday, July 1, 2011 - 7:53am | 392This is your Benzinga news summary and traders' outlook for Friday, July 1, 2011, covering headlines from overnight and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures and the U.S. dollar are trading relatively flat as traders wait for key economic data to be...
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J.P. Morgan Reports Better Than Expected Guidance On Darden Restaurants
Friday, July 1, 2011 - 7:39am | 59According to J.P. Morgan, Darden Restaurants (NYSE: DRI) saw better than expected guidance. J.P. Morgan said that Darden reported 4Q11 EPS of $1.00 vs. the $0.98 and $1.00 consensus. “Our new $57 price target assumes the same 14-14.5x target multiple as before vs. midteens long-term group average...
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Piper Jaffray Reiterates Overweight on Darden Restaurants
Friday, July 1, 2011 - 7:25am | 149Piper Jaffray is out with its report today on Darden Restaurants (NYSE: DRI), reiterating Overweight. In a note to clients, Piper Jaffray writes, "At +2.2% for core concepts, the company's 4Q11 SSS results were generally in-line with our +2.5% estimate, taking into account pricing differences at...
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JP Morgan Raises PT On Darden Restaurants To $57
Friday, July 1, 2011 - 6:30am | 27JP Morgan has raised the price target on Darden Restaurants (NYSE: DRI) from $56 to $57 and maintains its Overweight rating.
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US Stock Futures Mixed; All Eyes On ISM
Friday, July 1, 2011 - 6:19am | 374US stock futures are mixed this morning. Futures on the Dow Jones Industrial Average rose 11 points to 12,356.00 and futures on the S&P 500 stock index fell 1.00 point to 1,314.50. Nasdaq 100 futures gained 0.75 point to 2,321.75. US stocks closed higher on Thursday, with the Dow Jones...
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Stocks To Watch For July 1
Friday, July 1, 2011 - 12:20am | 303Some of the stocks that may grab investor focus today are: Apollo Group Inc (NASDAQ: APOL) reported upbeat third-quarter results and projected FY11 revenue above estimates. Apollo expected FY11 consolidated revenue of $4.65 to $4.75 billion, versus analysts' estimates of $4.67 billion. Apollo's...
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Darden Restaurants Reports In-Line Earnings; Boosts Dividend
Thursday, June 30, 2011 - 5:09pm | 139Darden Restaurants (NYSE: DRI) released its Q4 earnings results on Thursday after the closing bell. The company reported net earnings of $137.4 million or $0.99 per share, compared to $115.6 million or $0.80 per share, in the year ago period. Net earnings from continued operations were $1.00...
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Piper Jaffray Reiterates Overweight Rating On Starbucks
Thursday, June 30, 2011 - 8:29am | 74According to Piper Jaffray, Starbucks (NASDAQ: SBUX) Overweight rating is reiterated. Starbucks said that it is updating its recently rebuilt Starbucks model, which now better accounts for an incremental ~$150 million in CPG revenues (on an annualized basis) from the company's reacquired pound...
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News Summary for June 30, 2011
Thursday, June 30, 2011 - 7:59am | 413This is your Benzinga news summary and traders' outlook for Thursday, June 30, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher and the U.S. dollar lower after Greece voted yesterday to cut...
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US Stock Futures Up Ahead Of Jobless Claims, Chicago PMI Data
Thursday, June 30, 2011 - 6:24am | 444US stock futures are higher this morning, as investors are awaiting jobless claims and Chicago PMI data. Futures on the Dow Jones Industrial Average surged 24 points to 12,242.00 and futures on the S&P 500 stock index rose 2.50 points to 1,306.80. Nasdaq 100 futures gained 6.00 points to 2,300....