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US Stock Futures Up; Economic Data, Earnings In Focus
Wednesday, August 3, 2011 - 6:40am | 495US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 50 points to 11,854.00 and S&P 500 index futures rose 6.30 points to 1,253.60. Nasdaq 100 futures gained 9.00 points to 2,297.25. US...
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Deutsche Bank Raises PT on Nu Skin Enterprises To $45
Wednesday, August 3, 2011 - 6:40am | 28Deutsche Bank has raised the price target on Nu Skin Enterprises (NYSE: NUS) from $43 to $45 and maintains its Buy rating.
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JP Morgan Provides Color on Protein Sector
Wednesday, August 3, 2011 - 6:25am | 138JP Morgan provided color on the protein sector. In a research report published today, the rating agency stressed it believes Smithfield (NYSE: SFD) has the best chance to beat Q2 expectations. In the report, JP Morgan States, “We think that the company most likely to beat the Street over...
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Earnings Scheduled For August 3
Wednesday, August 3, 2011 - 3:58am | 502Owens Corning Inc (NYSE: OC) is expected to report its Q2 EPS at $0.57 on revenue of $1.38 billion. Time Warner Inc (NYSE: TWX) is estimated to report its Q2 earnings at $0.56 per share on revenue of $6.81 billion. Comcast Corporation (NASDAQ: CMCSA) is projected to report its Q2 EPS at $0.41 on...
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Mad Money Lightning Round: Cramer Likes Clean Harbors
Wednesday, August 3, 2011 - 3:31am | 218On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Lorillard (NYSE: LO) may “have a good yield, but I like growth in yield. That's why I suggest Philip Morris (NYSE: PM) instead.” For HCA Holdings (NYSE: HCA), Jim said, “If a company relies on the government as a payer for its...
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Stocks To Watch For August 3
Wednesday, August 3, 2011 - 3:13am | 259Some of the stocks that may grab investor focus today are: Wall Street expects Mastercard Incorporated (NYSE: MA) to report its Q2 EPS at $4.22 on revenue of $1.55 billion. Mastercard shares gained 0.27% to $299.30 in after-hours trading. CBS Corp (NYSE: CBS) reported its Q2 profit at $395...
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 1:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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UGLY 08-02-2011
Tuesday, August 2, 2011 - 6:52pm | 1054Cusick's Corner Ugly, that is what the market looks like at this stage with all the major indices at their worst levels this year. While this is ugly (and could get uglier), I have a hard time jumping on a ship that has sailed on the downside so long, 8 sessions in the NAZ and S&Ps. I traded...
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Options Brief: Safeway
Tuesday, August 2, 2011 - 2:40pm | 93Shares of Safeway (NYSE: SWY) are lower on the session by 3.44%, trading at $19.25. Overall put volume is now running at 7.65x the daily average, with 90% of all puts traded being purchases on the offer. 7,504 contracts have traded on the session so far. Safeway Inc. is a food and drug retailer...
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Procter & Gamble Earnings Preview: Analysts Expect Rising Revenue
Tuesday, August 2, 2011 - 1:55pm | 568Procter & Gamble (NYSE: PG) announces its next round of earnings this Friday, August 5, 2011. Here's Benzinga's advanced look at Procter & Gamble's fourth quarter earnings report. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of 82 cents/...
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Thirsty For Molson Coors?
Tuesday, August 2, 2011 - 12:50pm | 627Molson Coors Brewing Co. (NYSE: TAP) reported earning this morning that fell 6% in the second quarter, as they company's key demographic is struggling with high unemployment. The company reported earnings of $1.18 per share on $933.6 million in revenues. Wall Street analysts were expecting $1.29...
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Herbalife (HLF) Continues its Amazing Run
Tuesday, August 2, 2011 - 12:20pm | 589There have been a handful of companies that I have missed, or chosen to stay out of, the past few years - and Herbalife (HLF) is one of them. Nutrion/weight loss companies have a history of big runs (Nutrisystem was the last darling of this sector) and then blow ups but Herbalife has prevailed for...
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Jefferies Maintains Buy on Archer-Daniels-Midland
Tuesday, August 2, 2011 - 9:31am | 105Jefferies is out with its report today on Archer-Daniels-Midland (NYSE: ADM), maintaining Buy. In its report, Jefferies writes, "ADM reported F4Q EPS of $0.58, well below the $0.83 Street estimate. Importantly, the F4Q tax rate came in at 50%, almost 2X the 27% run rate and implied guidance. Ex...
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Earnings Roundup
Tuesday, August 2, 2011 - 9:30am | 1919Archer Daniels Midland Co (NYSE: ADM) reported a decline in its fiscal fourth-quarter profit. Archer Daniels Midland reported its quarterly profit at $381 million, or $0.58 per share, down from $446 million, or $0.69 per share, in the year-earlier period. Analysts were expecting earnings of $0.85...
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Scotia Capital Maintains Sector Outperform On Bunge Limited
Tuesday, August 2, 2011 - 9:12am | 100Scotia Capital is out with a research report on Bunge Limited (NYSE: BG) and it has a Sector Outperform rating and a $82 price target on shares. In a note to clients, Scotia Capital writes, "Strong results from Agribusiness and Food & Ingredients. Market volatility and strong demand for grains...