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Options Brief: SUPERVALU
Thursday, July 21, 2011 - 12:35pm | 99Shares of SUPERVALU (NYSE: SVU) are higher on the session by 0.32%, trading at $9.27. Overall call volume is now running at 2.64x the daily average, with 86% of all calls traded being purchases on the offer. 5,673 contracts have traded on the session so far. SUPERVALU Inc. is a United States...
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Dividend Stock ETFs vs. Dividend Stock Mutual Funds
Thursday, July 21, 2011 - 12:13pm | 98When it comes to dividend stock investing for a retirement portfolio, investors have the following three ways: Invest in dividend stocks directly. Invest[...more...] (MCD) (CVX) (SPX) (COP) (PEP) (KO) (UTX) (IBM) (PG) (XOM...
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Credit Card Usage in U.S. Up 10.7% But an Increasing Amount is Going to Basics Like Gas and Food
Thursday, July 21, 2011 - 11:00am | 884Looks like we are celebrating the 1,827th rescue of Greece this morning. The good thing about this story, is it we should have rescues for years to come across the Eurozone - which of course should lead to rally after rally via Bailout Infinity. Coming back to domestic affairs, the increase in...
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UPDATE: Jefferies Raises PT on Hansen Natural to $90
Thursday, July 21, 2011 - 9:06am | 104Jefferies is out with its report today on Hansen Natural (NASDAQ: HANS), raising its PT from $85 to $90. In a note to clients, Jefferies writes, "We remain buyers for 3 reasons: 1) Monster Energy brand winning market share in fastest growing beverage category, 2) we believe Monster is in just 2nd...
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Jefferies Maintains Hold on Molson Coors
Thursday, July 21, 2011 - 8:56am | 80Jefferies is out with its report today on Molson Coors (NYSE: TAP), maintaining Hold. In a note to clients, Jefferies writes, "We're on the sidelines given our expectation for 1) declining volumes in 2011 (very tough comparisons in Canada and consumer/industry headwinds in the U.S.), 2) elevated...
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Nielsen Signs U.S. Cooperation Agreement with Walmart
Thursday, July 21, 2011 - 8:54am | 100Nielsen (NYSE: NLSN) has signed a cooperation agreement with Walmart (NYSE: WMT) to receive and analyze sales information from Walmart's U.S. stores. The agreement marks Walmart's return to the consumer packaged goods industry's information sharing model. The majority of U.S. food, drug, mass,...
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Wells Fargo Discusses Earnings From Altria
Thursday, July 21, 2011 - 8:42am | 123Wells Fargo is out with a research report on Altria (NYSE: MO) after it reported earnings. It has a $26-$28 valuation on the stock. In a note to clients, Wells Fargo writes, "MO reported underlying 2Q EPS of $0.53, or 4.8% growth. MO also reaffirmed its full year EPS guidance of $2.01 -$2.07. We...
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News Summary for July 20, 2011
Thursday, July 21, 2011 - 7:53am | 701This is your Benzinga news summary and traders' outlook for Thursday, July 21, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly lower as traders wait for several blue-chip companies to report...
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UPDATE: Philip Morris Reports Upbeat Q2 Earnings, Lifts FY11 Earnings Forecast
Thursday, July 21, 2011 - 7:37am | 95Philip Morris International Inc (NYSE: PM) reported a 22% rise in its second-quarter net income. Philip Morris reported its quarterly earnings at $2.41 billion, or $1.35 per share, up from $1.98 billion, or $1.07 per share, in the year-ago quarter. Its adjusted earnings per share came in at $1.34...
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MegaMex Foods Adds Wholly Guacamole® and Other Products to Mexican Foods Portfolio
Thursday, July 21, 2011 - 7:31am | 213MegaMex Foods LLC, a joint venture between Hormel Foods Corporation (NYSE: HRL) and Herdez Del Fuerte, S.A. de C.V., today announced it has entered into a definitive agreement to acquire 100 percent of Fresherized Foods. Fresherized Foods produces Wholly Guacamole®, Wholly Salsa® and Wholly Queso...
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UPDATE: PepsiCo Reports 18% Increase In Q2 Profit
Thursday, July 21, 2011 - 7:26am | 73PepsiCo Inc (NYSE: PEP) reported an 18% rise in its second-quarter profit. PEP's quarterly profit surged to $1.89 billion, or $1.17 per share, from $1.6 billion, or $0.98 per share, in the year-earlier period. Its core earnings surged to $1.21 per share from $1.10 per share. Its revenue climbed...
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Jefferies Provides Color on Consumer Goods
Thursday, July 21, 2011 - 7:23am | 161Jefferies provided color on the consumer goods sector. In a research report published today, Jefferies stressed the possibility of an upside in Q2 earnings for a number of companies operating in the sector due to strong business momentum and generally conservative outlooks. In the report,...
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Jefferies PT Changes For 7/21, Part 2
Thursday, July 21, 2011 - 6:41am | 191Jefferies & Company has changed the price target on the following companies: Hansen Natural Corp. (NASDAQ: HANS) Buy, PT from $85.00 to $90.00 Mattel, Inc. (NASDAQ: MAT) Buy, PT from $31.00 to $33.00 Nalco Holding (NYSE: NLC) Hold, PT from $30.00 to $38.80 Northern Trust (NASDAQ: NTRS) Hold...
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US Stock Futures Down As Investors Await Earnings Reports
Thursday, July 21, 2011 - 6:28am | 608US stock futures are lower this morning, as investors are awaiting earnings reports. Futures on the Dow Jones Industrial Average dipped 25 points to 12,482.00 and futures on the S&P 500 stock index fell 3.90 points to 1,317.40. Nasdaq 100 futures dropped 10.25 points to 2,371.50. US stocks...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 5:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...