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UPDATE: Supervalu Reports Upbeat Q1 Profit; Shares Rise In Pre-Market
Tuesday, July 26, 2011 - 8:56am | 79Supervalu Inc (NYSE: SVU) reported a 10% rise in its first-quarter net income. Supervalu reported its quarterly earnings at $74 million, or $0.35 per share, up from $67 million, or $0.31 per share, in the year-ago period. Excluding charges for closing stores and a labor dispute, Supervalu's...
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This Could Be Interesting
Tuesday, July 26, 2011 - 8:21am | 566I found a lot of things to tie in to yesterday's post about Investing Where It Rains. Of course choosing to invest where it rains is a theme of sorts, really a subset of a theme. As I've said many times before the big idea here is finding areas where we know money is going to be spent. This can...
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Agria Notified by NYSE of Non-Compliance With Minimum Average Closing Price Listing Standard
Tuesday, July 26, 2011 - 8:10am | 99Agria Corporation (NYSE: GRO) today announced that the Company was notified by the New York Stock Exchange that the Company is not in compliance with the NYSE continued listing standard requiring a listed security to maintain a minimum average closing price of $1.00 per share over a consecutive 30-...
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Jefferies Reports Likely Upside On Corn Products International
Tuesday, July 26, 2011 - 8:00am | 82According to Jefferies, Corn Products International (NYSE: CPO) fundamentals, especially for the key North American sweetener business, remain strong, but well known and reflected in valuation. Jefferies said that upside likely, but on much smaller scale than that seen in recent quarters. “Our $60...
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News Summary for July 26, 2011
Tuesday, July 26, 2011 - 7:59am | 562This is your Benzinga news summary and traders' outlook for Tuesday, July 26, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after strong earnings from several blue-chip companies. The U.S....
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UPDATE: Hershey Reports Strong Rise In Q2 Profit
Tuesday, July 26, 2011 - 7:40am | 74Hershey Co (NYSE: HSY) reported a strong rise in its Q2 profit. Hershey's quarterly profit surged to $130 million, or $0.56 per share, from $46.7 million, or $0.20 per share, in the year-earlier period. The company's revenue rose to $1.33 billion from $1.23 billion. Analysts were expecting...
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Piper Jaffray Maintains Neutral on B&G Foods
Tuesday, July 26, 2011 - 7:33am | 124Piper Jaffray is out with its report today on B&G Foods (NYSE: BGS), maintaining Neutral. In a note to clients, Piper Jaffray writes, "In 2010, BGS benefitted by 200bps from lower product costs, which we believe will be difficult to anniversary given the current inflation in non-discretionary...
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Jefferies Comments on Strategy at McCormick & Co
Tuesday, July 26, 2011 - 7:21am | 173Jefferies has published a report on McCormick & Co (NYSE: MKC) commenting broadly on strategic changes at the spice merchant. In the report, Jefferies wrote, "MKC is asserting its dominant position in spices and seasonings this summer. In the latest 12 week period in tracked channels MKC...
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Jefferies Updates 7/26
Tuesday, July 26, 2011 - 7:14am | 496Jefferies made a number of updates in a research report published today. Archer-Daniels-Midland (NYSE: ADM) had its rating reiterated at Buy. At the same time, its price target was reduced from $44 to $40. On Monday, ADM lost 0.9% of its value to finish the day at $31.83. Its shares continued to...
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Jefferies PT Changes 7/26
Tuesday, July 26, 2011 - 7:11am | 203Jefferies & Company has changed the price target on the following companies: Archer-Daniels-Midland (NYSE: ADM) Buy, PT from $44.00 to $40.00 B/E Aerospace (NASDAQ: BEAV) Buy, PT from $44.00 to $48.00 Broadcom (NASDAQ: BRCM) Buy, PT from $41.00 to $46.00 Canadian National Railway (NYSE:...
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Walmart to Begin Streaming Video on Walmart.com
Tuesday, July 26, 2011 - 6:59am | 91Users shopping online for DVDs and Blu-ray discs on Walmart.com (NYSE: WMT) will now have the option of buying or renting digital copies of titles that are available as part of the Vudu streaming library. Walmart purchased Vudu 18 months ago. The video can then be accessed either through the...
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Jefferies Lowers PT On ADM To $40
Tuesday, July 26, 2011 - 6:34am | 26Jefferies & Company has lowered the price target on Archer-Daniels-Midland (NYSE: ADM) from $44 to $40 and maintains its Buy rating.
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Morgan Stanley Reiterates Underweight on Sanderson Farms
Tuesday, July 26, 2011 - 6:15am | 47Morgan Stanley reiterated its Underweight rating on Sanderson Farms (NASDAQ: SAFM). At the moment, the rating agency has a price target of $33 placed on the company's stock. On Monday, SAFM lost 1.32% of its value to end the day at $46.16.
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Earnings Scheduled For July 26
Tuesday, July 26, 2011 - 4:47am | 507Lockheed Martin Corporation (NYSE: LMT) is projected to report its Q2 EPS at $1.93 on revenue of $11.42 billion. Ford Motor Company (NYSE: F) is estimated to report its Q2 earnings at $0.60 per share on revenue of $31.59 billion. Eastman Kodak Company (NYSE: EK) is expected to report a Q2 loss...
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Who is the Anti-Facebook?
Monday, July 25, 2011 - 6:59pm | 749Facebook and Google+ (NASDAQ: GOOG), say hello to a social network that is truly private. Chattertree.com, a new site whose mission is to promote “positive synergy within the core of the modern family,” isn't technically a social network. It has all the components of one – the ability to...