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Reynolds American Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Tuesday, July 19, 2011 - 12:08pm | 528It's time to get ready for Reynolds American (NYSE: RAI) earnings! Don't be caught off-guard: The company releases its next round of earnings this Friday, July 22, 2011. Wondering what Wall Street is thinking ahead of Reynolds American's lastest earnings numbers? Get the latest predictions in our...
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Top Narrow Based Indexes For July 19
Tuesday, July 19, 2011 - 10:23am | 206By 10:20 am, the Dow Jones Industrial Average was up 140.36 points, or 1.13%, to 12,525.52, while the broader Standard & Poor's 500 index had gained 14.55 points, or 1.11%. The NASDAQ composite index rose 48.57 points, or 1.76%. Some of the narrow based indexes that are still afloat in the...
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Dow Jones Industrial Average Companies Increase Expected Dividend Distribution by 12.66% From a Year Ago
Tuesday, July 19, 2011 - 10:14am | 546The Dow Jones Industrial Average's 30 component companies are expected to increase their annual dividend payout by 12.66% year-over-year and 2.93% from the previous quarter, according to a second-quarter 2011 survey by Dow Jones Indexes. DJIA component companies' $101.6 billion expected...
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The Coca-Cola Company Hits New 52-Week High at $68.90
Tuesday, July 19, 2011 - 10:13am | 77Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of The Coca-Cola Company (NYSE: KO) are hitting new 52-week...
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Citi On MO Expected Earnings
Tuesday, July 19, 2011 - 9:41am | 71Citi has issued a report in anticipation on Altria Group's (NYSE: MO) earnings reports. According to the report, "In 2Q11, we expect that MO's net sales (excluding excise taxes) will increase 1.5% YoY, while core sales (excluding excise taxes, MSA payments and FDA fees) are projected to increase 1...
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Goldman Sachs Maintains Buy on Coca-Cola
Tuesday, July 19, 2011 - 9:36am | 129Goldman Sachs is out with its report today on Coca-Cola (NYSE: KO), maintaining Buy. In a note to clients, Goldman Sachs writes, "KO reported 2Q2011 EPS of $1.17, which was ahead of our $1.15 estimate and consensus of $1.16. The beat was of high quality, as both revenues and EBIT came in above...
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Citi Maintains Buy on Coca-Cola
Tuesday, July 19, 2011 - 9:28am | 135Citi is out with its report today on Coca-Cola (NYSE: KO), maintaining Buy. In a note to clients, Citi writes, "KO is trading at roughly 16x our 2012 EPS estimate, which represents a 24% premium to the market multiple, and is exactly in line with the stock's historical average valuation. Given the...
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Sterne Agee Adjusts AROW Estimates
Tuesday, July 19, 2011 - 9:18am | 98Sterne Agee has issued a report adjusting the estimates for Arrow Financial Corporation (NASDAQ: AROW). According to the report, "While we remain positive on the fundamental trends at the institution with the stock trading at 13.3x our revised 2012 estimate and 196% of tangible book value (TBV),...
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Longbow Upgrades Hansen Natural To Neutral
Tuesday, July 19, 2011 - 9:10am | 19Longbow has upgraded Hansen Natural (NASDAQ: HANS) from Sell to Neutral.
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Earnings Roundup
Tuesday, July 19, 2011 - 9:01am | 896Harley-Davidson Inc (NYSE: HOG) reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. HOG's quarterly profit increased to $190.6 million, or $0.81 per share, from $71.2 million, or $0.30 per share, in the year-ago quarter. Its revenue...
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UPDATE: Coca-Cola Reports 18% Rise In Q2 Profit
Tuesday, July 19, 2011 - 8:05am | 64Coca-Cola Co (NYSE: KO) reported an 18% rise in its second-quarter profit. KO's quarterly profit surged to $2.8 billion, or $1.20 per share, from $2.37 billion, or $1.02 per share, in the year-earlier quarter. Its revenue climbed 47% y/y to $12.74 billion from $8.67 billion. Analysts were...
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Benzinga's Top Pre-Market Gainers
Tuesday, July 19, 2011 - 7:58am | 125Harley-Davidson Inc (NYSE: HOG) shares advanced 5.02% to $43.49 in the pre-market session. HOG reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. Clorox Company (The) (NYSE: CLX) shares advanced 3.23% to $75.40 in the pre-market session...
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News Summary for July 19, 2011
Tuesday, July 19, 2011 - 7:53am | 601This is your Benzinga news summary and traders' outlook for Tuesday, July 19, 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 several blue-chip companies reported positive quarterly...
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I Can't: Clorox Board Unanimously Rejects Carl Icahn's Bid
Tuesday, July 19, 2011 - 6:50am | 200Noting that the proposal from Carl Icahn to acquire Clorox (NYSE: CLX) "substantially undervalues the company," the Clorox Company announced Monday that its board of directors unanimously rejected the offer. "Our board has unanimously determined Mr. Icahn's unsolicited proposal is neither credible...
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US Stock Futures Up As Investors Await Earnings Reports
Tuesday, July 19, 2011 - 6:26am | 417US stock futures are higher this morning, as investors are awaiting quarterly earnings from major companies. Futures on the Dow Jones Industrial Average surged 71 points to 12,399.00 and futures on the S&P 500 stock index rose 8.30 points to 1,308.70. Nasdaq 100 futures gained 15.75 points to 2...