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Coca-Cola Invests $4 Billion for Long-Term Sustainable Growth in China
Thursday, August 18, 2011 - 6:54am | 82The Coca-Cola Company (NYSE: KO) and its Chinese bottling partners today announced a new investment of US$4 billion over the next three years, commencing 2012. By the end of 2011, Coca-Cola and its China bottling partners Swire Beverages Ltd. and COFCO Coca-Cola Beverage Co., Ltd. will have...
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Jefferies Lowers PT On Procter & Gamble To $69
Thursday, August 18, 2011 - 6:23am | 27Jefferies & Company has lowered the price target on Procter & Gamble (NYSE: PG) from $71 to $69 and maintains its Hold rating.
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US Stock Futures Down Ahead Of Economic Data
Thursday, August 18, 2011 - 6:18am | 435US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 177 points to 11,204.00 and S&P 500 index futures fell 21.90 points to 1,168.00. Nasdaq 100 futures dropped 44.00 points to 2,131.25. US stocks closed mixed on...
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Top 4 NYSE Stocks In The Beverages-Brewers Industry With The Highest Operating Margin
Thursday, August 18, 2011 - 4:33am | 127Below are the top beverages-brewers stocks on the NYSE in terms of operating margin. The trailing-twelve-month operating margin at Anheuser-Busch Inbev SA (NYSE: BUD) is 30.66%. BUD's PEG ratio is 1.00. The trailing-twelve-month operating margin at China New Borun Corporation (NYSE: BORN) is 21....
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Earnings Scheduled For August 18
Thursday, August 18, 2011 - 4:17am | 594Dollar Tree Inc (NASDAQ: DLTR) is projected to report its Q2 EPS at $0.75 on revenue of $1.55 billion. Sears Holdings Corporation (NASDAQ: SHLD) is estimated to post a Q2 loss at $0.46 per share on revenue of $10.13 billion. Gap Inc (The) (NYSE: GPS) is projected to report its Q2 EPS at $0.33 on...
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comScore Report Shows Amazon Sites Visited by 1 in 5 Global Internet Users in June
Wednesday, August 17, 2011 - 12:44pm | 439comScore, Inc. (NASDAQ: SCOR) today released a report on selected global retail and auction sites based on data from the comScore Media Metrix service. The study found that of the destinations analyzed, Amazon (NASDAQ: AMZN) Sites reached the largest global audience with more than 282 million...
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Notable Call Options Activity in Chiquita Brands International
Wednesday, August 17, 2011 - 11:58am | 111Shares of Chiquita Brands International (NYSE: CQB) are lower on the session by 0.10%, currently trading at $9.97. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago...
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Notable Call Action Flagged on Unilever
Wednesday, August 17, 2011 - 11:39am | 105Shares of Unilever (NYSE: UN) are higher on the session by 2.32%, currently trading at $33.99. The stock has been moving largely higher over the past few days and is currently trading above the 50-day and 200-day moving averages. Options traders are focusing on calls today. A short while ago the...
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The GeoTeam Publishes Fraud Call on Zhongpin
Wednesday, August 17, 2011 - 10:56am | 214On Wednesday, The GeoTeam published a report on Zhongpin (NASDAQ: HOGS), a reverse-merger Chinese pork company. In the report, GeoTeam alleges that the company has overstated its income and has deceptive financial filings. GeoTeam writes, "Over 6 years HOGS' revenue has increased 20 fold (2,000...
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Earnings Roundup
Wednesday, August 17, 2011 - 9:11am | 1175Staples Inc (NASDAQ: SPLS) reported a 36% rise in its fiscal second-quarter profit. Staples' quarterly profit surged to $176.4 million, or $0.25 per share, from $129.8 million, or $0.18 per share, in the year-ago period. Its sales climbed 5.2% to $5.82 billion. Excluding a $21 million tax refund,...
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Morgan Stanley Maintains Equal-Weight on CVS/Caremark
Wednesday, August 17, 2011 - 8:42am | 60Morgan Stanley is out with its report today on CVS/Caremark (NYSE: CVS), maintaining Equal-weight. In its report, Morgan Stanley writes, 'Valuation is temping, but after years of disappointments, CVS needs to prove its PBM operating income performance to the market. We maintain our Equal-weight...
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UPDATE: BJ's Wholesale Club Reports 28% Jump In Q2 Net Income
Wednesday, August 17, 2011 - 8:23am | 89BJ's Wholesale Club Inc (NYSE: BJ) reported a 28% rise in its second-quarter net income. BJ's reported its quarterly earnings at $45.7 million, or $0.84 per share, up from $35.7 million, or $0.67 per share, in the year-ago period. However, analysts were expecting earnings of $0.77 per share. Its...
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Bank of America Merrill Lynch Upgrading Sara Lee Corporation
Wednesday, August 17, 2011 - 8:16am | 169Bank of America Merrill Lynch is out with a research report on Sara Lee Corporation (NYSE: SLE) and is upgrading shares to Buy with a $21 price target. In a note to clients, Bank of America Merrill Lynch writes, "SLE is making considerable progress towards its goal to split the company by the...
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Jefferies Comments On Wal-Mart "Soft Sales"
Wednesday, August 17, 2011 - 8:13am | 79According to Jefferies, Wal-Mart Stores (NYSE: WMT) reported continued sales softness. Jefferies said that it showed a $0.01 beat following unusual expenses, a lower than expected tax rate and currency exchange benefits. US Division sales were consistent with the model, but better than informal...
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UPDATE: Citi Lowers Price Target On Wal-Mart To $63
Wednesday, August 17, 2011 - 8:09am | 67According to Citi, Wal-Mart Stores (NYSE: WMT) price target is lowered to $63. Citi said that WMT reported 2Q11 EPS from continuing operations of $1.09 (incld. certain discrete items), a penny above estimate and consensus of $1.08, vs. guidance of $1.05 to $1.10, and vs. $0.97 last year. “We are...