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UPDATE: J.P. Morgan Upgrades Sanderson Farms to Neutral
Tuesday, August 23, 2011 - 7:19am | 100J.P. Morgan is out with its report today on Sanderson Farms (NASDAQ: SAFM), upgrading SAFM to Neutral from Overweight. In its report, J.P. Morgan writes, "We are upgrading SAFM shares to Neutral from Underweight, as the stock is at our Dec-11 price target of $39. Though we continue to see downside...
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China Nepstar Chain Drugstore Announces CEO Resignation
Tuesday, August 23, 2011 - 6:52am | 57China Nepstar Chain Drugstore Ltd. (NYSE: NPD) earlier today announced the resignation of Mr. Jason Xinghua Wu as the Company's Chief Executive Officer, effective today, for personal reasons. Mr. Fuxiang Zhang, the Company's Chief Operating Officer, has been appointed as Chief Executive Officer by...
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China Nepstar Chain Drugstore Announces Share Repurchase Program of up to $20M
Tuesday, August 23, 2011 - 6:51am | 60China Nepstar Chain Drugstore Ltd. (NYSE: NPD) today announced that its board of directors has authorized a share repurchase program. Under the terms of the approved program, China Nepstar may repurchase up to US$20 million worth of its issued and outstanding American Depositary Shares from time to...
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US Stock Futures Signal Higher Start On Wall Street
Tuesday, August 23, 2011 - 6:44am | 341US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 119 points to 10,966.00 and S&P 500 index futures rose 14.30 points to 1,137.60. Nasdaq 100 futures gained 25.00 points to 2,069.00. US stocks closed higher on Monday, with the Dow Jones Industrial...
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JP Morgan Upgrades Sanderson Farms To Neutral, $39 PT
Tuesday, August 23, 2011 - 6:12am | 26JP Morgan has upgraded Sanderson Farms (NASDAQ: SAFM) from Underweight to Neutral and has established a $39 price target.
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Top 4 Large-Cap Stocks In The Processed & Packaged Goods Industry With The Highest Operating Margin
Tuesday, August 23, 2011 - 3:38am | 134Below are the top large-cap processed & packaged goods stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Mead Johnson Nutrition Company (NYSE: MJN) is 23.25%. MJN's revenue for the same period is $3.45 billion. The trailing-twelve-...
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Earnings Scheduled For August 23
Tuesday, August 23, 2011 - 3:23am | 481Williams-Sonoma Inc (NYSE: WSM) is expected to report its Q2 EPS at $0.36 on revenue of $823.97 million. American Woodmark Corporation (NASDAQ: AMWD) is estimated to post a Q1 loss at $0.17 per share on revenue of $116.18 million. La-Z-Boy Incorporated (NYSE: LZB) is projected to report its FQ1...
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Mad Money Lightning Round: Cramer Likes Caterpillar
Tuesday, August 23, 2011 - 3:22am | 247On CNBC's Mad Money, Jim Cramer said during the Lightning Round that USG Corp (NYSE: USG) is “totally the wrong stock down here. It could go below $5." Cramer said, “Everybody hates Caterpillar (NYSE: CAT) but I have liked it for years. I'm not going to cut and run now. I like it as it approaches...
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Stocks To Watch For August 23
Tuesday, August 23, 2011 - 2:56am | 235Some of the stocks that may grab investor focus today are: Wall Street expects La-Z-Boy Incorporated (NYSE: LZB) to report its FQ1 EPS at $0.06 on revenue of $278.75 million. LZB shares dropped 1.95% to close at $7.05 yesterday. Focus Media Holding Ltd (NASDAQ: FMCN) its Q2 net income...
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CVS Caremark Announces Receipt of Requisite Consents, Termination of Replacement Capital Covenant and Expiration of Consent Solicitation Relating to its 6.125% Senior Notes due August 15, 2016
Monday, August 22, 2011 - 8:19pm | 266CVS Caremark (NYSE: CVS) announced today the results of its previously announced solicitation of consents from the registered holders as of 5:00 p.m., New York City time on August 8, 2011 of its 6.125% Senior Notes due August 15, 2016 to terminate the replacement capital covenant, which was entered...
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Green Mountain Coffee Roasters Announces Appointment of Stephen L. Gibbs as Chief Accounting Officer
Monday, August 22, 2011 - 4:00pm | 87Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) today announced the appointment of Stephen L. Gibbs as its Vice President and Chief Accounting Officer effective immediately. This newly created position has been established to strengthen GMCR's accounting function and overall financial control...
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What's Hot On TheStreet
Monday, August 22, 2011 - 1:50pm | 250Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Bad Economy Good for Dollar Tree, PriceSmart More people are shopping at discount retailers due to the difficult economy and that's translating into sales, says Brian Lazorishak, manager of the Chase Mid-Cap...
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Notable Put Options Activity in Sanderson Farms
Monday, August 22, 2011 - 12:16pm | 87Shares of Sanderson Farms (NASDAQ: SAFM) are lower on the session by 3.26%, currently trading at $39.12. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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NASDAQ Stocks Hitting 52-Week Lows
Monday, August 22, 2011 - 10:33am | 133VIST Financial Corp (NASDAQ: VIST) shares fell 2.43% to create a new 52-week low of $6.02. VIST shares have dropped 18.71% over the past 52 weeks, while the S&P 500 index has gained 4.84% in the same period. Synutra International Inc (NASDAQ: SYUT) shares dropped 0.86% to create a new 52-week...
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BGB Initiates Reddy Ice Holdings At Hold, $2 PT
Monday, August 22, 2011 - 10:22am | 26BGB Securities has initiated coverage on Reddy Ice Holdings (NYSE: FRZ) with a Hold rating and $2 price target.