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Goldman Sachs Comments On Wal-Mart 2Q Results
Wednesday, August 17, 2011 - 8:02am | 99According to Goldman Sachs, Wal-Mart Stores (NYSE: WMT) 2Q results came in light of expectation, they beat consensus by a penny even though US comps declined 0.9% and margins were flat. Goldman Sachs said that WMT's U.S. comp improved sequentially in every month during the quarter, with July...
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Benzinga's Top Pre-Market Losers
Wednesday, August 17, 2011 - 7:55am | 124Dell Inc (NASDAQ: DELL) dipped 6.65% to $14.75 in the pre-market session. DELL lowered its full-year sales forecast. Flowers Foods Inc (NYSE: FLO) moved down 5.63% to $20.11 in the pre-market session. FLO reported a 16% decline in its second-quarter earnings and lowered its full-year earnings...
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News Summary for August 17, 2011
Wednesday, August 17, 2011 - 7:48am | 595This is your Benzinga news summary and traders' outlook for Wednesday, August 17, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher. At last check, Dow futures are up about 40 points and the U.S...
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Zhongpin Buys Back 460K Shares in Open Market
Wednesday, August 17, 2011 - 7:03am | 37Zhongpin Inc. (Nasdaq: HOGS) today announced that it repurchased 460,600 shares of its common stock since August 9, 2011 under the Company's stock repurchase program announced on July 6, 2011, using internally available cash.
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Zhongpin Buys Back 460,600 Shares in Open Market
Wednesday, August 17, 2011 - 7:01am | 248Zhongpin Inc. (Nasdaq: HOGS) today announced that it repurchased 460,600 shares of its common stock since August 9, 2011 under the Company's stock repurchase program announced on July 6, 2011, using internally available cash. Mr. Xianfu Zhu, Chairman and Chief Executive Officer of Zhongpin Inc.,...
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Goldman Sachs Raises PT On Wal-Mart To $58
Wednesday, August 17, 2011 - 6:37am | 27Goldman Sachs has raised the price target on Wal-Mart Stores (NYSE: WMT) from $55 to $58 and maintains its Neutral rating.
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Citigroup Lowers PT on Wal-Mart To $63
Wednesday, August 17, 2011 - 6:35am | 26Citigroup has lowered the price target on Wal-Mart Stores (NYSE: WMT) from $66 to $63 and maintains its Buy rating.
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Bank of America Upgrades Sara Lee To Buy, $21 PO
Wednesday, August 17, 2011 - 6:16am | 28Bank of America has upgraded Sara Lee (NYSE: SLE) from No Rating to Buy and has established a $21 price objective.
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US Stock Futures Flat; Inflation Data In Focus
Wednesday, August 17, 2011 - 6:12am | 528US stock futures are flat this morning, as investors are awaiting inflation data. Futures for the Dow Jones Industrial Average gained 1 point to 11,388.00 and S&P 500 index futures rose 0.50 points to 1,192.80. Nasdaq 100 futures dropped 6.00 points to 2,193.00. US stocks closed lower on...
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Earnings Scheduled For August 17
Wednesday, August 17, 2011 - 4:19am | 454Limited Brands Inc (NYSE: LTD) is expected to report its Q2 EPS at $0.46 on revenue of $2.44 billion. Staples Inc (NASDAQ: SPLS) is projected to report its Q2 EPS at $0.20 on revenue of $5.65 billion. Deere & Company (NYSE: DE) is estimated to report its FQ3 EPS at $1.67 on revenue of $7.50...
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Cramer Decimates SodaStream!
Tuesday, August 16, 2011 - 2:48pm | 150Shares of SodaStream International (NASDAQ: SODA) have gotten crushed on Thursday after Jim Cramer savaged the stock on Mad Money last night. While Cramer had previously supported SODA, his about face, has sent shares plunging around 23% at last check to $38.68. The Mad Money host cited quality...
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Top Performing Industries For August 16
Tuesday, August 16, 2011 - 10:09am | 176At 10:05 am, the Dow fell 1.00% to 11,368.17, the broader Standard & Poor's 500 index moved down 1.27% to 1,189.25 and the NASDAQ composite index dropped 1.46% to 2,517.99. The industries that are still afloat in the market today are: Major Airlines: This industry jumped 0.95% by 10:05 am....
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UPDATE: Citi Lowers Price Target On Sysco To $31
Tuesday, August 16, 2011 - 9:45am | 59According to Citi, Sysco (NYSE: SYY) price target is lowered to $31. Citi said that SYY reported F4Q11 EPS of 57c vs. the FC est. of 57c, on rev of $10.4B vs. the FC est. of $10.4B. “Given lower est's, we're reducing our tgt price to $31 from $34.” Sysco closed yesterday at $28.11.
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Deutsche Bank Maintains Buy on Heinz
Tuesday, August 16, 2011 - 9:35am | 96Deutsche Bank is out with its report today on Heinz (NYSE: HNZ), maintaining Buy. In its report, Deutsche Bank writes, "While global volatility creates challenges for all, we affirm our BUY rating based on several factors incl. emerging mkt. exposure, leading share in selected US/EU products,...
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Earnings Roundup
Tuesday, August 16, 2011 - 9:22am | 547Home Depot Inc (NYSE: HD) reported a 14% rise in its fiscal-second-quarter net income. Home Depot's quarterly profit surged to $1.36 billion, from $1.19 billion, in the year-ago period. Its earnings per share rose to $0.86 from $0.72. Shares outstanding dropped 5.2% to 1.58 billion. Home Depot's...