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Forget the Special Sauce, Wendy's Uses Sex Appeal to Expand Internationally
Friday, June 24, 2011 - 4:17pm | 391At Wendy's (NYSE: WEN), the Spicy Chicken Sandwich is no longer the spiciest thing on the menu. In an effort to expand internationally, Wendy's has traded its schoolgirl mascot for two sexy maidens, the Moscow Times reports. While the trade isn't permanent – the women were hired to lure men,...
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Caribou Coffee Jumps 7% On Heavy Volume
Friday, June 24, 2011 - 2:18pm | 95Shares of Caribou Coffee (NASDAQ: CBOU) are up around 7% on Friday after opening the session flat. Volume has been heavy with more than 950,000 CBOU shares trading hands compared to a daily average volume of around 218,000. Caribou has gained 34% in the last year and is up more than 20% over the...
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Calls Purchased on Cracker Barrel Old Country Store
Friday, June 24, 2011 - 12:55pm | 139Shares of Cracker Barrel Old Country Store (NASDAQ: CBRL) are lower on the session by 0.39%, currently trading at $48.29. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today....
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Will Starbucks Continue to Dominate with New Product Offerings?
Thursday, June 23, 2011 - 4:54pm | 324Starbucks (NASDAQ: SBUX) is a company that always appears to be growing. The company's profits, retail locations, and product line seems to always be on the rise. Constantly on the search for new ways to improve their business, Starbucks remains at the forefront of success. With that triumph,...
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Despite Sell-Off, Plenty Of High-Beta Stocks In The Green
Thursday, June 23, 2011 - 12:32pm | 117Despite Thursday's huge sell off, which has sent the Dow Jones Industrial Average nearly 200 points lower, there are plenty of high beta names that are solidly positive. This could suggest that a potential rally is in the cards this afternoon. Names such as Baidu.com (NASDAQ: BIDU), Apple (NASDAQ...
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Like Clockwork, the Same Go To Names
Thursday, June 23, 2011 - 12:25pm | 339Surprisingly my main watch list has a (relatively) decent amount of green on it today; just eyeballing it I have 40% of the names positive despite a -1.4% S&P day. Some strength out there in the networking space, "social media", apparel (knee jerk reaction to lower oil prices), auto suppliers...
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Bank Of America Comments On Sonic Estimates
Thursday, June 23, 2011 - 9:31am | 96According to Bank of America, Sonic Corp (NASDAQ: SONC) reported 3Q (May) EPS of $0.21 (ex debt extinguishment charges) versus the $0.18 estimate that matched consensus. Bank of America said that Systemwide same-store sales came in at up 3.9% below its up 6% expectation with respective company and...
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Piper Jaffray Raises FY11 Revenue and EPS Estimates on Sonic
Thursday, June 23, 2011 - 9:01am | 85Piper Jaffray's FY11 revenue and EPS estimates on Sonic (NASDAQ: SONC) are increasing to $546.8 million and $0.56 per share, respectively, “following better-than-expected 3Q11 results.” “We are incrementally confident in the company's turn-around progress and are encouraged by largely maintained...
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Sterne Agee Neutral On Sonic Following Earnings
Thursday, June 23, 2011 - 8:51am | 131Sterne Agee has a Neutral rating on shares of Sonic Corp. (NASDAQ: SONC) after it reported earnings yesterday. In a note to clients, Sterne Agee writes, "We are impressed by SONC's improvement in margins during the quarter which drove a $0.03 earnings beat. However, same-store sales (SSS) remain...
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Benzinga's Top Pre-Market NASDAQ Gainers
Thursday, June 23, 2011 - 8:22am | 109Bed Bath & Beyond Inc (NASDAQ: BBBY) shares advanced 2.39% to $55.35 in the pre-market session. BBBY reported an upbeat quarterly profit and lifted its full-year earnings forecast. ProShares UltraPro Short QQQ (NASDAQ: SQQQ) shares advanced 2.07% to $28.65 in the pre-market session. Sonic...
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Bank of America Raises PO On Sonic To $10
Thursday, June 23, 2011 - 7:02am | 27Bank of America has raised the price objective on Sonic (NASDAQ: SONC) from $9.50 to $10 and maintains its Underperform rating.
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Sonic
Wednesday, June 22, 2011 - 7:19pm | 30Sonic (SONC), a fast-food chain, said its Q3 EPS rose 17% to 21 cents, topping by 3 cents. Sales rose 4% to $152.1 mil, in line. It rose 1.7%.
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 5:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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Sonic Beats Estimates On The Top And Bottom Line
Wednesday, June 22, 2011 - 5:11pm | 113Sonic Corp. (NASDAQ: SONC) released its third quarter earnings results on Wednesday after the closing bell. The company reported a net loss of $4.7 million or $0.08 per share compared to net income of $11 million or $0.18 per share in the year ago period. On an adjusted basis, net income was $13.1...
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Benihana Inc. Comparable Restaurant Sales up 6.7%
Wednesday, June 22, 2011 - 5:02pm | 105Benihana Inc. (NASDAQ: BNHN), operator of the nation's largest chain of Japanese theme and sushi restaurants, today reported total restaurant sales and comparable restaurant sales for the third four-week period (May 23, 2011 – June 19, 2011) of the first fiscal quarter of 2012, including the...