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Whole Foods Market Earnings Preview: Analysts Expect Rising Revenue Over Last Quarter
Friday, July 22, 2011 - 1:11pm | 609Whole Foods Market (NASDAQ: WFM) unveils its next round of earnings this Wednesday, July 27, 2011. Here is Benzinga's everything-that-matters guide for this Wednesday's third quarter earnings announcement. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS...
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Fitch Places Clorox on Rating Watch Negative
Friday, July 22, 2011 - 12:54pm | 137Fitch Ratings has placed The Clorox Company's (NYSE: CLX)) ratings on Rating Watch Negative. The action is in response to Icahn Enterprises L.P.'s (Icahn) sweetened $80 per share hostile offer for Clorox, which values the company at approximately $13 billion. In its current proposal Icahn expects...
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Puts Purchased on Hansen Natural
Friday, July 22, 2011 - 11:14am | 103Shares of Hansen Natural (NASDAQ: HANS) are lower on the session by 1.72%, currently trading at $80.40. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago...
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Seven Retail Stocks on a Roll
Friday, July 22, 2011 - 10:46am | 914Overall, retail sales have sputtered in recent reports. But not all is doom and gloom in the sector; here are seven retail stocks that are on a tear. All of them hit 52-week highs yesterday, and all are up more than 20% since the beginning of the year (or in one case, since its IPO earlier this...
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Options Brief: The Hershey Company
Friday, July 22, 2011 - 10:33am | 88Shares of The Hershey Company (NYSE: HSY) are higher on the session by 2.17%, trading at $58.75. Overall call volume is now running at 5.63x the daily average, with 66% of all calls traded being purchases on the offer. 1,797 contracts have traded on the session so far. The Hershey Company is a...
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Credit Suisse Maintains Outperform On Coca-Cola After Earnings
Friday, July 22, 2011 - 8:48am | 185Credit Suisse is out with a research report on Coca-Cola (NYSE: KO) after it reported earnings earlier in the week. It has an Outperform rating and a $95 price target on shares. In a note to clients, Credit Suisse writes, "The power of Coke's internal cash generation + the power of cash...
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Deutsche Bank Retains Buy Opinion On Kellogg
Friday, July 22, 2011 - 8:45am | 80According to Deutsche Bank, Kellogg (NYSE: K) Buy rating is retained. Deutsche Bank said that it retains its BUY opinion given its belief that top line growth (new product introductions, price/mix realization, investments in brand building) will drive stock performance in 2011. “For the LT, we...
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Deutsche Bank Maintains Hold Rating On Dean Foods
Friday, July 22, 2011 - 8:42am | 96According to Deutsche Bank, Dean Foods (NYSE: DF) Hold rating is maintained. Deutsche Bank said that to arrive at the $12 target it employs both a SOTP and a DCF analysis (using a 9.5% WACC derived via CAPM (0.7x beta, 4.5% risk free rate, 10% required return)). “On a LT basis we assume sales +2-3...
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Morgan Stanley Underweight On Safeway Inc.
Friday, July 22, 2011 - 7:57am | 174Morgan Stanley is out with a research report on Safeway Inc. (NYSE: SWY) and it has an Underweight rating and a $16 price target on shares. In a note to clients, Morgan Stanley writes, "SWY reported disappointing 2Q results, with both volumes and margins adversely impacted by inflation. As this is...
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Benzinga's Top Pre-Market Losers
Friday, July 22, 2011 - 7:56am | 100CR Bard Inc (NYSE: BCR) dipped 6.08% to $105.86 in the pre-market session. BCR reported its Q2 net sales at $725.0 million. News Corporation (NASDAQ: NWSA) dropped 1.82% to $16.18 in the pre-market trading. NWSA's trailing-twelve-month ROA is 5.47%. Reynolds American Inc (NYSE: RAI) moved down 0...
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Morgan Stanley Remains Overweight On PepsiCo
Friday, July 22, 2011 - 7:49am | 93According to Morgan Stanley, PepsiCo (NYSE: PEP) Overweight rating is maintained. Morgan Stanley said that it is removing PEP from Morgan Stanley's Best Ideas list given the stock now lacks a near-term catalyst with PEP's negatively revised 2011 guidance. “However, we still remain Overweight for...
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Jefferies Lowers Price Target On Safeway To $24
Friday, July 22, 2011 - 7:41am | 90According to Jefferies, Safeway (NYSE: SWY) reported roughly in-line EPS in 2Q, however margin and sales trends remain muted as rising inflation offsets still sluggish volumes. Jefferies said that with inflation poised to accelerate in 2H and a still weak employment picture, there appears to be...
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Bank of America Merrill Lynch On PEP Consumer Outlook
Friday, July 22, 2011 - 7:30am | 88Bank of America Merrill Lynch has issued a report detailing that weak consumer outlook has hit PepsiCo's (NYSE: PEP) guidance. According to the report, "Pepsi reported 2Q11 EPS growth of +10% to $1.21, in line with consensus. Reported revenue rose +13.7% to $16.8bn and profits rose +4.8% to $2.8bn...
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Morgan Stanley Provides Color on Supervalu
Friday, July 22, 2011 - 7:05am | 149Morgan Stanley provided color on Supervalu (NYSE: SVU). In a research report published today, the rating agency states, “We believe the share price will fall in absolute terms over the next 15 days. This is because of an earnings release. Safeway (SWY) reported inflation-related volume declines...
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Snyder's-Lance Updates Full Year 2011 Guidance; Expects 2011 EPS $0.75-$0.90 vs. $0.95 Est
Friday, July 22, 2011 - 6:51am | 342Snyder's-Lance, Inc. (Nasdaq: LNCE) today announced that, based on current information and market conditions impacting its private brand products, it expects diluted earnings per share for the full year 2011 to be in a range of $0.75 to $0.90, excluding special items. The Company's previous...