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Bank of America Maintains Buy Rating on General Mills
Thursday, July 14, 2011 - 7:38am | 81Bank of America is maintaining its FY12E EPS of $2.58 on shares of General Mills, Inc. (NYSE: GIS) “but modestly revise our FY13E/FY14E EPS from $2.76/2.96 to $2.78/$2.98.” “Our revised estimates reflect the addition of Yoplait to our model,” Bank of America writes. “Our $42 PO implies 16.9x our...
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Citi Top Calls 7/14/11
Thursday, July 14, 2011 - 6:48am | 140Capital One Financial (NYSE: COF) had its rating reiterated at Buy. At the same time, its price target was maintained at $66. On Wednesday, COF lost 2.62% of its value to finish the day at $50.87. Its shares continued to lose value in today's pre-market trading, falling 1.32% to $50.10. General...
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Morgan Keegan Reiterates Outperform and PT of $25 on the Pantry
Thursday, July 14, 2011 - 6:18am | 47Morgan Keegan reiterated its Outperform rating on the Pantry (NASDAQ: PTRY). At the same time, the rating agency maintained its price target on the company's stock at $25. On Wednesday, Pantry added 3.25% to its value to finish the day at $39.31.
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Premier Foods Appoints Mike Clarke As CFO
Thursday, July 14, 2011 - 4:19am | 58Premier Foods PLC (OTC: PRRFY) appointed Mike Clarke as the new CEO of the company. Clarke will succeed Robert Schofield as the CFO. Clarke is presently president of Kraft Foods Inc's (NYSE: KFT) European operations. PRRFY shares dipped 6.35% to close at $2.80 yesterday.
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Stocks to Watch for Thursday 7/14/2011: Fresh 52 Week Highs and Lows
Thursday, July 14, 2011 - 2:29am | 1820Stocks 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 Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...
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P&G Voluntary Recalls Certain Mouthwashes in Canada
Wednesday, July 13, 2011 - 4:44pm | 24The Procter & Gamble Company (NYSE: PG) is voluntarily recalling certain types of Oral-B mouthwash in Canada.
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Dollar down, Market up 07-13-2011
Wednesday, July 13, 2011 - 3:11pm | 980Cusick's Corner Thanks Uncle Ben. The Fed chief spoke and the market interpreted his comments as well, bullish (QE3?). You got to love expiration week, the week when anything can happen. Back when I was on the trading floor, during Expiration week we wanted risk tied up by Wednesday so that if we...
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Soft Landing In China Could Spark Commodities
Wednesday, July 13, 2011 - 2:54pm | 438China is back to kicking the rest of the world's butt, posting year-over-year GDP growth of 9.5% last quarter. The boost was down a hair from first quarter's 9.7% but up from the expected rise of 9.3%. I shudder to think what Obama would do for one quarter of 9.7% growth... Overall, the picture in...
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Central European Distribution Corporation Announces that Licenses for All Russian Facilities Have Successfully Been Obtained
Wednesday, July 13, 2011 - 2:50pm | 175Central European Distribution Corporation (NASDAQ: CEDC) today announced that all 13 licenses for all of its Russian facilities for production, storage and wholesale of spirits that had been up for renewal in 2011 have been successfully renewed and extended for five years. William Carey,...
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How to Increase Your Dividends (MO)
Wednesday, July 13, 2011 - 1:03pm | 727I am frequently asked by subscribers if there are any possible ways to boost returns on stocks that pay large dividends My response is always the same - the most common and effective way to boost returns in a high-yield portfolio, without selling the stock, is to use a covered call strategy. I...
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How to Increase Your Dividends (MO)
Wednesday, July 13, 2011 - 1:03pm | 727I am frequently asked by subscribers if there are any possible ways to boost returns on stocks that pay large dividends My response is always the same - the most common and effective way to boost returns in a high-yield portfolio, without selling the stock, is to use a covered call strategy. I...
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Walgreens Announces $2 Billion Buy Back
Wednesday, July 13, 2011 - 12:08pm | 132Walgreens (NYSE: WAG) today announced the largest quarterly dividend increase in the history of the company, an increase of 28.6 percent to 22.5 cents per share from the previous 17.5 cents per share. The board has now authorized a $2 billion share repurchase plan, to expire December 31 2015. This...
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Cincinnati Bell to Sell Complete Protection™ Security Monitoring Business to Guardian Alarm Company
Wednesday, July 13, 2011 - 10:49am | 249Cincinnati Bell Inc. (NYSE: CBB) today announced the signing of a definitive agreement to sell its Complete Protection security monitoring business to Guardian Alarm Company. Cincinnati Bell will continue to offer Complete Protection services through a marketing agreement with Guardian. “Guardian...
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Benzinga's Volume Movers
Wednesday, July 13, 2011 - 10:37am | 147Clean Energy Fuels Corp (NASDAQ: CLNE) shares surged 11.54% to $16.82 at 10:35 am. The volume of CLNE shares traded was 729% higher than normal. Analysts at Bank of America upgraded CLNE from “underperform” to “buy.” Coinstar Inc (NASDAQ: CSTR) shares moved up 3.17% to $59.20. The volume of CSTR...
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Coffee Holding Jumping Again, Up 11%
Wednesday, July 13, 2011 - 10:35am | 44Coffee Holding Co., Inc. (NASDAQ: JVA) shares are soaring today, after plunging sharply yesterday following three months of seemingly never ending gains. At last check, shares were trading at $24.87, a gain of $2.50 or 11.18% on 1.1 million shares.