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M&A Lawsuits Skyrocket as Fee-Hungry Law Firms Smell Easy Money
Tuesday, July 12, 2011 - 1:35pm | 135Class-action lawsuits alleging boards of directors fell asleep on the job while signing off on buyouts have become nearly as ubiquitous in today's M&A world as bankers and second-guessers. Within five hours of announcing it reached a $2.8 billion leveraged buyout deal last month, for example,...
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Tuesday's Put/Call Ratio Leaders
Tuesday, July 12, 2011 - 12:12pm | 76Here are today's Put/Call Ratio leaders… 1. Quest Diagnostics (NYSE: DGX) 2,541 puts, 21 call 2. KeyCorp (NYSE: KEY) 10,901 puts, 90 calls 3. Warner Chilcott (NASDAQ: WCRX) 2,590 puts, 22 calls 4. Ralcorp Holdings (NYSE: RAH) 3,188 puts, 35 calls 5. China Unicom (NYSE: CHU) 2,551 puts, 55 calls
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NASDAQ Top Movers; Kandi, YRC, Coffee Holding, Pluristem
Tuesday, July 12, 2011 - 12:00pm | 471POINT ROBERTS - July 12, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for July 11, 2011. Kandi Technolgies Corp. (NASDAQ: KNDI) soared 19.68% to $2.19 after the company said that it has signed an agreement...
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Green Mountain Coffee Roasters Plunging 5% As Coffee Stocks Go Cold
Tuesday, July 12, 2011 - 11:51am | 201Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares are plunging today, down nearly 5% on heavy volume as the other coffee stocks are seeing outflows, including Tim Horton's (NYSE: THI), Coffee Holding Co., Inc. (NASDAQ: JVA), and Caribou Coffee Company, Inc. (NASDAQ: CBOU). Conversely,...
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Brian Sozzi Discusses The "13 Week All Stars"
Tuesday, July 12, 2011 - 10:42am | 267Brian Sozzi of Wall Street Strategies is out with a research report on the "13 Week All Stars," a list which has significantly outperformed the indexes. The list includes Quiksilver (NYSE: ZQK), Bebe (NASDAQ: BEBE), Hot Topic (NASDAQ: HOTT), Steve Madden (NASDAQ: SHOO), Lululemon (...
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Top Narrow Based Indexes For July 12
Tuesday, July 12, 2011 - 10:39am | 195By 10:35 am, the Dow Jones Industrial Average was down 2.04 points, or 0.02%, to 12,503.72, while the broader Standard & Poor's 500 index had gained 0.33 points, or 0.03%. The NASDAQ composite index fell 5.34 points, or 0.19%. Some of the narrow based indexes that are supporting the markets...
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Morning Market Losers
Tuesday, July 12, 2011 - 9:54am | 116SunLink Health Systems Inc (AMEX: SSY) dipped 17.28% to $1.58 at 9:52 am. SSY promoted Jesus F. Ruiz to the position of Assistant Vice President and Chief Compliance Officer. Trex Company Inc (NYSE: TREX) fell 16.19% to $20.08. TREX lowered Q2 revenue projections. Wolverine World Wide Inc (NYSE:...
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Coffee Holding Plunging, Finally!
Tuesday, July 12, 2011 - 9:39am | 72Coffee Holding Co., Inc. (NASDAQ: JVA) shares are plunging this morning, down more than 9% as it appears the coffee stock is finally starting to crack. Shares have risen over 400% in the past few months, and nothing goes up in a straight line without coming back down to Earth. At last check,...
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Oppenheimer Reiterating Outperform On Elizabeth Arden
Tuesday, July 12, 2011 - 9:24am | 106Oppenheimer & Co. is reiterating its Outperform rating and $36 price target on shares of Elizabeth Arden (NASDAQ: RDEN). In a note to clients, Oppenheimer & Co. writes, "While shares of RDEN have been somewhat range-bound throughout much of this year, our bull case remains very much intact...
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UPDATE: Bank of America Merrill Lynch Raises PO on Green Mountain Coffee Roasters to $105
Tuesday, July 12, 2011 - 8:37am | 110Bank of America Merrill Lynch is out with its report today on Green Mountain Coffee Roasters (NASDAQ: GMCR), raising its PO from $90 to $105. In a note to clients, Bank of America Merrill Lynch writes, "We expect GMCR to carry strong sales momentum into FY12 as consumer interest is accelerating,...
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Campbell Soup Company Sees FY 2012 Adjusted EPS Decline of 6-4%
Tuesday, July 12, 2011 - 8:37am | 178Campbell Soup Company (NYSE: CPB) will outline a new strategic direction today at a meeting with investors led by Chief Operating Officer Denise Morrison, who will become the company's President and Chief Executive Officer on Aug. The company will update its previous guidance for the current...
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Benzinga's Top Downgrades
Tuesday, July 12, 2011 - 8:14am | 124Analysts at Deutsche Bank downgraded Alcatel-Lucent (NYSE: ALU) from “overweight” to “neutral.” Alcatel-Lucent's stock closed at $5.58 yesterday. Alcatel-Lucent's trailing-twelve-month profit margin is 1.04%. Analysts at FBR Capital downgraded ProLogis Inc (NYSE: PLD) from “outperform” to “market...
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Benzinga's Top Pre-Market NASDAQ Losers
Tuesday, July 12, 2011 - 8:13am | 110Microchip Technology Inc (NASDAQ: MCHP) dipped 9.82% to $33.80 in the pre-market session. MCHP lowered its fiscal first-quarter sales forecast. American Superconductor Corp (NASDAQ: AMSC) dropped 8.91% to $7.77 in the pre-market trading. AMSC will restate its results for the second and third...
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Oppenheimer Reiterates Outperform on Elizabeth Arden
Tuesday, July 12, 2011 - 8:10am | 106Oppenheimer is out with its report today on Elizabeth Arden (NASDAQ: RDEN), reiterating Outperform. In a note to clients, Oppenheimer writes, "While shares of RDEN have been somewhat range-bound throughout much of this year, our bull case remains very much intact, centered on margin expansion and...
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Morgan Stanley Maintains Overweight on Philip Morris International
Tuesday, July 12, 2011 - 8:01am | 87Morgan Stanley is out with its report today on Philip Morris International (NYSE: PM), maintaining Overweight. In a note to clients, Morgan Stanley writes, "Despite industry volume headwinds and moderate regulatory concerns, we remain confident in PM's underlying outlook given its: (i) Superior...