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UPDATE: Dr Pepper Snapple Reports Drop In Q2 Profit
Wednesday, July 27, 2011 - 8:32am | 86Dr Pepper Snapple Group Inc (NYSE: DPS) reported a decline in its second-quarter profit. DPS reported its quarterly profit at $172 million, or $0.77 per share, down from $183 million, or $0.74 per share, in the year-ago period. Its sales climbed to $1.58 billion from $1.52 billion. However,...
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Citi Maintains Buy on Wal-Mart Stores
Wednesday, July 27, 2011 - 8:08am | 98Citi is out with its report today on Wal-Mart (NYSE: WMT), maintaining Buy. In a note to clients, Citi writes, "We rate the shares of WMT Buy/Medium Risk (1M). We expect long-term same-store sales growth to be driven by WMT's strong value proposition and improved in-store execution. In addition,...
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Earnings Scheduled For July 27
Wednesday, July 27, 2011 - 4:43am | 515Symantec Corporation (NASDAQ: SYMC) is expected to report its Q1 EPS at $0.37 on revenue of $1.59 billion. Corning Incorporated (NYSE: GLW) is projected to report its Q2 EPS at $0.47 on revenue of $1.96 billion. Visa Inc (NYSE: V) is projected to report its FQ3 EPS at $1.23 on revenue of $2.30...
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Stocks to Watch for Wednesday 7/27/2011: Fresh 52 Week Highs and Lows
Wednesday, July 27, 2011 - 4:37am | 2249Stocks 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 Tuesday's trading session (listed from highest total volume to...
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Fast Money Picks For July 27th (SPY, CHD, CVS)
Tuesday, July 26, 2011 - 7:44pm | 158On CNBC's Fast Money, Dan Nathan said that investors should be defensive and buy weekly puts in SPDR S&P 500 ETF (NYSE: SPY) on Wednesday. SPDR S&P 500 ETF (SPY) fell 0.37% today, and it closed at $133.33. Guy Adami likes Church & Dwight Co., Inc. (NYSE: CHD), and wants to buy it...
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Playing Chicken 07-26-2011
Tuesday, July 26, 2011 - 6:46pm | 1029Cusick's Corner We finished right on the lows and the bureaucrats in Washington still think that it is ok to continue to play Deficit Chicken. The pullback in the Buck was something that caught my eye and explained the run in the Commodities, XLE/DBC/FCX, so these are the sectors that investment...
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Chiquita Completes Credit Facility Refinancing
Tuesday, July 26, 2011 - 5:07pm | 279Chiquita Brands International, Inc. (NYSE: CQB) today announced the successful completion of the previously announced refinancing of a portion of its capital structure. The related transactions described below reduce the company's interest expense, extend debt maturities and add operating...
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Clorox Board of Directors Unanimously Concludes Icahn's Revised Proposal Is Inadequate and Not in the Best Interest of Stockholders
Tuesday, July 26, 2011 - 4:27pm | 294The Clorox Company (NYSE: CLX) today announced that the company's board of directors, in consultation with its independent legal and financial advisers, has unanimously determined that the revised unsolicited, conditional proposal to acquire Clorox, received on July 20, 2011, from Icahn Enterprises...
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What's The Dealio? 07-26-2011
Tuesday, July 26, 2011 - 3:08pm | 1112Cusick's Corner This is frustrating, choppy action in the markets today and when they start acting like this you really want to keep your focus and patience on positioning. Gold traders, GLD, are the most frustrated, this market looks like it should just turn over but just has not turned south,...
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Walmart launches its own movie streaming service powered by Vudu
Tuesday, July 26, 2011 - 12:22pm | 630All the way back in February of this year, Walmart acquired Vudu, a company that developed a movie streaming service. Today, Walmart announced that it will be integrating Vudu services onto Walmart.com, allowing customers to watch and stream movies. "Customers can now shop for thousands of digital...
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Greek Consumers Cut Alcohol, Fast Food as Austerity Bites
Tuesday, July 26, 2011 - 11:23am | 501By Justin Rohrlich Over the weekend, Athens newspaper Kathimerini ran a headline reading: “Alcohol and fast food are first to go for Greek consumers.” Quoting a recent study by the Boston Consulting Group, Kathimerini reports 58% of Greeks “are planning to reduce their food budget,” beginning...
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Retail Stocks Look Unshaken
Tuesday, July 26, 2011 - 10:35am | 134The retail sector is holding up pretty well despite the early stock market decline. The Retail Holders Trust(NYSE: RTH) is trading higher by 0.25 cents to $109.86 a share. Short term traders can watch for intra-day support on the RTH around the $109.75 and $109.50 levels. Some leading retail...
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UPDATE: Jefferies Lowers PT on Archer Daniels Midland from $44 to $40
Tuesday, July 26, 2011 - 9:40am | 107Jefferies has published a report on Archer Daniels Midland (NYSE: ADM) lowering the price target from $44.00 to $40.00. In the report, Jefferies wrote, "The expectations bar is relatively low given the underwhelming performance of industry ethanol and soybean crush margins in the quarter. With key...
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Earnings Roundup
Tuesday, July 26, 2011 - 9:32am | 1635Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....
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J.P. Morgan Rates Kimberly-Clark Neutral
Tuesday, July 26, 2011 - 9:06am | 115According to J.P. Morgan, Kimberly-Clark (NYSE: KMB) posted Q211 EPS of $1.18, which was ahead of both the estimate of $1.13 and Bloomberg consensus of $1.14. J.P. Morgan said that the primary driver of upside vs. its forecast came from slightly better than anticipated top line, lower marketing,...