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Morgan Stanley Reiterates View on Sanderson Farms
Friday, August 26, 2011 - 7:04am | 90Morgan Stanley has published a research report on Sanderson Farms Inc (NASDAQ: SAFM). In the report, Morgan Stanley wrote, "We remain Underweight, continue to believe that the chicken industry will fail to return to “normal” in F2012 and see material risk that F2012 is another loss-making year....
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Top 4 Stocks In The Cleaning Products Industry With The Highest Operating Margin
Friday, August 26, 2011 - 3:07am | 125Below are the top cleaning products stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Church & Dwight Company Inc (NYSE: CHD) is 16.94%. CHD's ROE for the same period is 14.95%. The trailing-twelve-month operating margin at Ecolab...
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USANA Becomes Official Partner of the U.S. Ski Team, U.S. Snowboarding, and U.S. Freeskiing
Thursday, August 25, 2011 - 3:16pm | 65USANA Health Sciences, Inc. (NYSE: USNA) today announced it was named an official partner of the U.S. Ski Team, U.S. Snowboarding and U.S. Freeskiing. USANA will be providing health supplements and other nutritional products to the athletes of the U. S. Ski and Snowboard Associatio, the national...
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Zings Of The Day, August 25, 2011
Thursday, August 25, 2011 - 2:48pm | 134Apple (NASDAQ: AAPL) co-founder Steve Jobs is stepping down as CEO and will be replaced by COO and interim CEO Tim Cook. This one won't have a punchline. Just a big "Thank you, Steve." The FCC has asked AT&T (NYSE: T) for more details why it needs to acquire T-Mobile. Duh. To take over the...
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Midday Losers; Atmel Down on Heavy Volume
Thursday, August 25, 2011 - 11:43am | 97Atmel Corporation (NASDAQ: ATML) -7.05% on heavy volume. Genon Energy NYSE: GEN) -8.25% after the announcement that the company's president and COO steps down. Hormel Foods(NYSE: HRL) -6.26% on downbeat earnings. Delta Air Lines (NYSE: DAL) -6.07% on average volume. JetBlue Airways (NASDAQ:...
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USANA Health Sciences Announces Plans to Expand Operations into France and Belgium
Thursday, August 25, 2011 - 11:30am | 134USANA Health Sciences, Inc. (NYSE: USNA) today announced its plans to expand into France and Belgium in the first quarter of 2012. With the addition of these two markets, USANA will have operations in 18 markets worldwide. According to the World Federation of Direct Selling Associations (WFDSA),...
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Traders Snapping Up Puts on Altria Group
Thursday, August 25, 2011 - 10:16am | 155Shares of Altria Group (NYSE: MO) are lower on the session by 1.87%, currently trading at $25.97. 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 October...
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Notable Put Options Activity in Hormel Foods
Thursday, August 25, 2011 - 9:57am | 93Shares of Hormel Foods (NYSE: HRL) are lower on the session by 5.34%, currently trading at $26.92. The stock has been moving largely lower 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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Morning Market Movers
Thursday, August 25, 2011 - 8:47am | 100Collective Brands Inc (NYSE: PSS) shares advanced 26.65% to $13.02 at 9:45 am. PSS reported better-than-expected quarterly profit. Bank of America Corporation (NYSE: BAC) climbed 25.18% to $8.75. Warren Buffett's Berkshire Hathaway reported that it would invest $5 billion in Bank of America. John...
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Jefferies Maintains Buy on Sanderson Farms
Thursday, August 25, 2011 - 8:36am | 114Jefferies is out with its report today on Sanderson Farms (NASDAQ: SAFM), maintaining Buy. In its report, Jefferies writes, "SAFM delivered and F3Q operating loss of $1.86, below our $1.25 loss estimate and the Street's $0.93 loss estimate. The shortfall relative to our number driven by higher...
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Morgan Stanley Comments On Tough 3Q For Sanderson Farms
Thursday, August 25, 2011 - 8:30am | 105Morgan Stanley has published a research report on Sanderson Farms (NASDAQ: SAFM) after the company's F3Q11 proved tougher than expected. In the report, Morgan Stanley writes, "Sanderson Farms reported adjusted F3Q11 EPS of -$1.86, compared to our -$0.48 estimate and the consensus -$0.91 estimate...
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UPDATE: Reed's, Inc: FDA Raises Questions Regrading Proper ID Required In Labeling; Inquiry Won't Have Material Impact On Business
Thursday, August 25, 2011 - 8:18am | 220Reed's, Inc. (NASDAQ: REED) received a letter from the Irvine office of the Food and Drug Administration (FDA) alerting the company to concerns about the language describing the ingredients of two of its non-mainstream products. While the language and descriptions were not misleading or inaccurate...
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Reed's Statement Regarding FDA Inquiry
Thursday, August 25, 2011 - 8:17am | 161Reed's, Inc. (NASDAQ: REED) received a letter from the Irvine office of the Food and Drug Administration alerting the company to concerns about the language describing the ingredients of two of its non-mainstream products. While the language and descriptions were not misleading or inaccurate, the...
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Earnings Roundup
Thursday, August 25, 2011 - 8:02am | 969Hormel Foods Corp (NYSE: HRL) reported a 15% rise in its fiscal third-quarter net income and raised its full-year earnings forecast. Hormel reported its quarterly earnings at $98.5 million, or $0.36 per share, up from $85.4 million, or $0.32 per share, in the year-ago period. Its revenue climbed 10...
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UPDATE: Sanderson Farms Posts Q3 Loss of $56M
Thursday, August 25, 2011 - 7:33am | 66Sanderson Farms Inc (NASDAQ: SAFM) reported a loss for the third-quarter on Thursday. Sanderson Farms posted a quarterly loss of $56 million, or $2.51 per share, versus a profit of $36 million, in the same year-ago period. Analysts were expecting a loss of $0.96 per share. Its revenue surged 4.5%...