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NASDAQ Stocks Hitting 52-Week Highs
Monday, August 22, 2011 - 10:18am | 137Susser Holdings Corporation (NASDAQ: SUSS) shares rose 2.73% to create a new 52-week high of $19.93. SUSS shares have surged 69.14% over the past 52 weeks, while the S&P 500 index has gained 4.84% in the same period. STAAR Surgical Company (NASDAQ: STAA) shares gained 2.16% to create a new 52-...
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USANA's Hepasil DTX Liver Health Supplement is Now Patent Pending
Monday, August 22, 2011 - 8:07am | 72USANA Health Sciences, Inc. (NYSE: USNA) today announced that it has filed two new U.S. patents on its popular liver health supplement, Hepasil DTX™. A science-based company, USANA currently holds patents for Olivol® olive extract, a unique extract that contains antioxidant polyphenols derived...
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UPDATE: J.P. Morgan Lowers PT on J.M. Smucker to $79
Monday, August 22, 2011 - 7:31am | 94J.P. Morgan is out with its report today on J.M. Smucker (NYSE: SJM), lowering its PT to $79 from $83. In its report, J.P. Morgan writes, "FY12E goes to $5.04 from $5.14 and FY13E to $5.48 from $5.66. Our estimates have been lowered because of concerns that margins outside coffee could stay muted...
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Jefferies Comments On Chicken Woes For Sanderson Farms
Monday, August 22, 2011 - 7:30am | 77According to Jefferies, Sanderson Farms (NASDAQ: SAFM) chicken prices hit YTD highs this week. Jefferies said that chicken industry woes well known by the Street. “Our $55 PT equates to 2X P/BV, a discount to SAFM's mean 3-year P/BV. We believe the discount is warranted given the challenging...
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Bank of America Merrill Lynch Maintains Buy on Kraft Foods
Monday, August 22, 2011 - 7:23am | 104Bank of America Merrill Lynch is out with its report today on Kraft Foods (NYSE: KFT), maintaining Buy. In its report, Bank of America Merrill Lynch writes, "Our Buy thesis is based on our belief that the company has transitioned from a slow growth domestic focused food company to a faster growing...
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Richard W. Kunes to Retire as Chief Financial Officer of the Estée Lauder Companies
Monday, August 22, 2011 - 7:02am | 124The Estée Lauder Companies Inc. (NYSE: EL) announced today that Richard W. Kunes, Executive Vice President and Chief Financial Officer, plans to retire effective on or about June 30, 2013. Mr. Kunes intends to continue to serve the Company as CFO until June 30, 2012, or such earlier time as his...
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JP Morgan Lowers PT on JM Smucker To $79
Monday, August 22, 2011 - 6:19am | 28JP Morgan has lowered the price target on JM Smucker Company (NYSE: SJM) from $83 to $79 and maintains its Overweight rating.
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Top 4 Small-Cap Stocks In The Drug Related Products Industry With The Highest EPS
Monday, August 22, 2011 - 3:39am | 139Below are the top small-cap drug related products stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at USANA Health Sciences Inc (NYSE: USNA) is $3.13. USNA's PEG ratio is 0.54. The trailing-twelve-month earnings per share at...
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Stocks To Watch This Week
Sunday, August 21, 2011 - 10:13am | 1022The US Equity market had another volatile week and stocks have struggled to attain new highs. Investors with exposure to gold and bonds have done well this month and I've reiterated a relative momentum ETF strategy that has capitalized on this trend by investing in GLD, IEF, TIP, and PCY. Now you...
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5 stocks to watch next week
Friday, August 19, 2011 - 7:29pm | 1394( click to enlarge ) Hansen Natural Corporation (NASDAQ:HANS) is flagging right here. If we get a breakout from that flag, this stock could see higher prices quickly. ( click to enlarge ) Eastman Kodak Company (NYSE:EK) has had a strong move up to this point and could be consolidating here...
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Morgan Joseph's Share Comments on Fraud Allegation at Zhongpin
Friday, August 19, 2011 - 10:57am | 466Zhongpin (NASDAQ: HOGS) is the most recent Chinese reverse-merger to come under fire. The company, as its ticker may suggest, is a pork processor located in China. On Wednesday, The GeoTeam published a report on the company, alleging that it was defrauding investors. In its report, The GeoTeam...
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The Clorox Company Issues Statement Regarding Icahn Announcement
Friday, August 19, 2011 - 10:01am | 435The Clorox Company (NYSE: CLX) today issued the following statement regarding the announcement by High River Limited Partnership, an affiliate of Icahn Enterprises L.P., that it has submitted a full slate of 11 nominees to replace the entire existing board of directors and stand for election at...
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Castle Brands Plan of Compliance Accepted by NYSE Amex
Friday, August 19, 2011 - 9:01am | 35Castle Brands Inc. (NYSE: ROX) announced today that the Company's plan to regain compliance with the NYSE Amex continued listing standards has been accepted by the Exchange.
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Benchmark Maintains Buy on The Pantry
Friday, August 19, 2011 - 9:01am | 67Benchmark is out with its report today on The Pantry (NASDAQ: PTRY), maintaining Buy. In its report, Benchmark writes, "We continue to believe in the turnaround strategy of this management team. Our price target is $20.00, based on 6.5x our 2011 EBITDA estimate. Given the upside to our price...
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UPDATE: Jefferies Lowers Price Target On Estee Lauder To $107
Friday, August 19, 2011 - 7:44am | 95According to Jefferies, Estee Lauder (NYSE: EL) price target is lowered to $107. Jefferies said that the 12-month price objective is now $107, which is 23x the C2012E EPS of $4.65, a slight premium to its pre-recession average of 20.5x, with a range of 15x-27x, given what we believe could be...