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UPDATE: Sara Lee Reports Decline In Q4 Profit; Shares Drop In Pre-Market
Thursday, August 11, 2011 - 8:08am | 95Sara Lee Corp (NYSE: SLE) released its results for the fourth quarter on Thursday. Sara Lee's quarterly earnings dropped to $111 million, or $0.19 per share, from $187 million, or $0.28 per share, in the year-earlier period. Its revenue climbed 9% y/y to $2.30 billion. Its adjusted earnings came...
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News Summary for August 11, 2011
Thursday, August 11, 2011 - 7:53am | 648This is your Benzinga news summary and traders' outlook for Thursday, August 11, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after a 500 point drop in the Dow yesterday. At last check, Dow...
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Oppenheimer Comments on Management Outlook at Clorox
Thursday, August 11, 2011 - 7:18am | 74Oppenheimer has published a research report on Clorox (NYSE: CLX). In the report, Oppenheimer wrote, "Throughout our recent meeting, Clorox senior management expressed optimism regarding its momentum exiting fiscal 2011, and that its two primary headwinds—market growth and commodity costs—are...
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Bank of America Raises PO on Susser Holdings To $20
Thursday, August 11, 2011 - 6:47am | 28Bank of America has raised the price objective on Susser Holdings (NASDAQ: SUSS) from $18 to 420 and maintains its Buy rating.
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US Stock Futures Up; Cisco Shares Jump In Pre-Market
Thursday, August 11, 2011 - 5:56am | 490US stock futures are higher this morning, after a strong decline in the prior session. Shares of Cisco Systems Inc (NASDAQ: CSCO) surged about 9.2% in pre-market trading after the company reported upbeat quarterly results. Futures for the Dow Jones Industrial Average surged 128 points to 10,853.00...
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Top 4 NYSE Stocks In The Personal Products Industry With The Highest Operating Margin
Thursday, August 11, 2011 - 3:51am | 127Below are the top personal products stocks on the NYSE in terms of operating margin. The trailing-twelve-month operating margin at Colgate-Palmolive Company (NYSE: CL) is 23.78%. CL's ROE for the same period is 85.71%. The trailing-twelve-month operating margin at Procter & Gamble Company (...
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Earnings Scheduled For August 11
Thursday, August 11, 2011 - 3:43am | 554Brinker International Inc (NYSE: EAT) is estimated to report its Q4 EPS at $0.47 on revenue of $710.57 million. NVIDIA Corporation (NASDAQ: NVDA) is projected to report its Q2 EPS at $0.25 on revenue of $1.01 billion. Kohl's Corporation (NYSE: KSS) is projected to report its Q2 EPS at $1.02 on...
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Mad Money Lightning Round: Cramer Likes Cummins
Thursday, August 11, 2011 - 3:42am | 174On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Cummins (NYSE: CMI) is an “unbelievable manufacturer with a big backlog. I think you should buy some more at these levels." Cramer said that he has “disliked Merck (NYSE: MRK), but it yields 5% and I'm changing my tune. I'm a...
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Intraday Losers; IntraLinks Down -42.43%
Wednesday, August 10, 2011 - 3:47pm | 140IntraLinks Holdings (NADAQ: IL) -42.43% on downbeat Q3 guidance. Quad/Graphics (NASDAQ: QUAD) -25.40% on disappointing earnings. Velti (NASDAQ: VELT) -18.27 despite in-line EPS and revenues beat. Inter Parfums (NADAQ: IPAR) -16.61% on downbeat earnings. KAR Auction Services (NYSE: KAR) -15....
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Earnings Preview: Sysco's EPS, Revenue Expected to Rise
Wednesday, August 10, 2011 - 2:22pm | 501Sysco (NYSE: SYY) announces its next round of earnings this Monday, August 15, 2011. Here's Benzinga's advanced look at Sysco's fourth quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of 57 cents/share and revenues of $10.36 billion. Investors will be keen...
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Wednesday's Put/Call Ratio Leaders
Wednesday, August 10, 2011 - 12:35pm | 78Here are today's Put/Call Ratio leaders… 1. Universal Health Services (NYSE: UHS) 5,368 puts, 3 calls 2. Central European Distribution (NASDAQ: CEDC) 4,308 puts, 12 calls 3. Equity Residential (NYSE: EQR) 2,508 puts, 32 calls 4. News Corp. (NASDAQ: NWSA) 7,064 puts, 203 calls 5. Paychex (NASDAQ:...
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Goldman Sachs Suggests Overwriting Philip Morris International
Wednesday, August 10, 2011 - 11:33am | 158Goldman Sachs is out with a research note this morning, where it suggests that traders sell calls on Philip Morris International (NYSE: PM) to enhance yield on long stock. Goldman Sachs Tobacco analyst Judy Hong sees 19% upside to CL-Buy rated shares over the next 12-months. The GS options...
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Embrace Your Inner Spock: Three Questions Investors Should be Asking
Wednesday, August 10, 2011 - 10:33am | 858Congratulations, you've just lived through the sixth-worst day in the history of the U.S. stock market. The Dow Industrials fell 634 points on Monday in response to Standard & Poor's downgrade of the United States' credit rating, and two days later the volatility continues. After a day like...
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UPDATE: Benchmark Initiates Coverage on PriceSmart
Wednesday, August 10, 2011 - 9:45am | 94Benchmark has published a report on PriceSmart (NASDAQ: PSMT) initiating coverage on the warehouse shopping club company. In the report, Benchmark wrote, "We contend that the shares have upside potential, given the Company's growth and operating margin opportunities. We believe over the next...
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UPDATE: Benchmark Lowers PT on The Pantry from $24.50 to $20
Wednesday, August 10, 2011 - 9:39am | 123Benchmark has published a report on The Pantry, Inc (NASDAQ: PTRY) lowering the price target. In the report, Benchmark wrote, "Despite the light revenues and promotional activity to introduce higher margin food items, we believe management continues to move in the right direction. Established new...