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Earnings Expectations for the Week of September 5
Sunday, September 4, 2011 - 3:54pm | 806Altera (NASDAQ: ALTR) and Kroger (NYSE: KR) are the only S&P 500 components currently on the schedule to report earnings this holiday-shortened week. Analysts on average expect the semiconductor maker to post earnings that are a nickel per share lower than a year ago. But earnings of the...
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Earnings Expectations for the Week of September 5
Sunday, September 4, 2011 - 3:46pm | 806Altera (NASDAQ: ALTR) and Kroger (NYSE: KR) are the only S&P 500 components currently on the schedule to report earnings this holiday-shortened week. Analysts on average expect the semiconductor maker to post earnings that are a nickel per share lower than a year ago. But earnings of the...
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UPDATE: Citi Lowers PT on Clorox to $69
Friday, September 2, 2011 - 8:04am | 96Citi is out with its report today on Clorox (NYSE: CLX), lowering its PT from $71 to $69. In its report, Citi writes, "CLX continues to be impacted by weak category growth and input cost pressures. With the stock trading ahead of its fundamentals (boosted by Icahn's proposed takeover), we maintain...
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Citigroup Lowers PT On Clorox To $69
Friday, September 2, 2011 - 5:54am | 25Citigroup has lowered the price target on Clorox (NYSE: CLX) from $71 to $69 and maintains its Hold rating.
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Robbins Geller Rudman & Dowd LLP Files Class Action Suit against Imperial Sugar Company
Thursday, September 1, 2011 - 1:56pm | 53Robbins Geller Rudman & Dowd LLP today announced that a class action has been commenced in the United States District Court for the Southern District of Texas on behalf of purchasers of Imperial Sugar Company (NASDAQ: IPSU) common stock during the period between December 29, 2010 and August 5...
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Kimberly-Clark Health Care Announces Selling Price Increase
Thursday, September 1, 2011 - 1:09pm | 42Kimberly-Clark Health Care (NYSE: KMB) announced today that it is implementing a double-digit price increase on synthetic exam gloves due to unprecedented demand for and rising costs of raw materials, particularly butadiene and acrylonitrile.
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Colgate and Kimberly-Clark to Open Near 52-Week Highs
Thursday, September 1, 2011 - 5:51am | 313While the markets trended downward most of the day yesterday, consumer goods giants Colgate-Palmolive (NYSE: CL) and Kimberly-Clark (NYSE: KMB) reached new mutliyear highs of $90.99 and $69.39 per share, respectively. Colgate-Palmolive reported strong second-quarter results earlier this summer,...
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Costco Wholesale Reports August Sales
Wednesday, August 31, 2011 - 6:48pm | 127Costco Wholesale (NASDAQ: COST) today reported net sales of $6.9 billion for the month of August, the four weeks ended August 28, 2011, an increase of 17 percent from $5.9 billion during the similar period last year. This year's four-week period included sales from the Company's Mexico joint...
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ADM to Acquire Nine Grain Elevators in Wisconsin
Wednesday, August 31, 2011 - 2:57pm | 89Archer Daniels Midland Company (NYSE: ADM) today announced it has acquired five grain storage elevators from Olsen Brothers Enterprises and, in a separate transaction, has contracted to acquire four grain storage elevators from Olsen's Mill Acquisition Company/Ag Services of Wisconsin. ADM has also...
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Zings Of The Day, August 31, 2011
Wednesday, August 31, 2011 - 2:39pm | 143Russian bailiffs today raided BP's (NYSE: BP) Moscow offices with regards to a lawsuit over the company's joint venture in Russia, through minority shareholders of TNK-BP. In Soviet Russia, nothing goes right. You're screwed. Carl Icahn yesterday saying his board nominees would try to sell...
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Midday Movers; Smart Technologies up 7%
Wednesday, August 31, 2011 - 12:13pm | 122SMART Technologies (NASDAQ: SMT) +7.08% on heavy volume. E TRADE Financial (NASDAQ: ETFC) +7.73% on average volume. Crosstex Energy (NASDAQ: XTXI) +5.59% on heavy volume. Century Aluminum Company (NASDAQ: CENX) +5.00% on Goldman Sachs upgrade to Neutral. TriQuint Semiconductor (NASDAQ:...
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Notable Put Options Activity in Smithfield Foods
Wednesday, August 31, 2011 - 11:34am | 95Shares of Smithfield Foods (NYSE: SFD) are higher on the session by 0.36%, currently trading at $22.02. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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UPDATE: Stifel Nicolaus Raises PT on Ralcorp Holdings to $91
Wednesday, August 31, 2011 - 8:38am | 94Stifel Nicolaus is out with its report today on Ralcorp Holdings (NYSE: RAH), raising its PT to $91 from $84. In its report, Stifel Nicolaus writes, "We continue with our Buy rating and are raising our target price to $91 which we believe represents the value at which the risk/reward is pretty...
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Wedbush Upgrades Nu Skin To Outperform
Wednesday, August 31, 2011 - 8:23am | 78According to Wedbush, Nu Skin Enterprises (NYSE: NUS) price target is raised to $48. Wedbush said that it is upgrading NUS to Outperform. “Given potential multiple expansion as expected success of major upcoming product launches should further solidify Nu Skin's reputation as a successful...
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The Coca-Cola Company Announces Expiration of Previously Announced Exchange Offer
Wednesday, August 31, 2011 - 7:45am | 203The Coca-Cola Company (NYSE: KO) today announced the expiration of its offer to certain eligible holders to exchange specified series of outstanding debt securities issued by Coca-Cola Refreshments USA, Inc., a wholly-owned subsidiary of the Company, for a combination of debt securities to be...