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Balmain and Inter Parfums Sign an Exclusive 12-Year Fragrance License Agreement
Thursday, July 7, 2011 - 8:45am | 53Inter Parfums, Inc. (NASDAQ: IPAR) today announced that it has entered into a 12-year worldwide license agreement commencing on January 1, 2012 to create, produce and distribute perfumes and ancillary products under the Balmain brand. The agreement replaces a previous license that was terminated by...
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Wedbush Maintains Underperform on USANA Health Sciences
Thursday, July 7, 2011 - 8:13am | 106Wedbush is out with its report today on USANA Health Sciences (NASDAQ: USNA), maintaining Underperform. In a note to clients, Wedbush writes, "With the possibility of increased attrition in the U.S. associate base potentially challenging that region further, combined with greater cost risk and...
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Goldman Sachs Raising Estimates On Sara Lee
Thursday, July 7, 2011 - 8:12am | 126Goldman Sachs is raising estimates on shares of Sara Lee (NYSE: SLE), and the price target goes to $22 from $19, but it has a Neutral rating on shares. In a note to clients, Goldman Sachs writes, "We are raising our estimates and price target on SLE ahead of a series of potential catalysts. We...
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PriceSmart Blows Out Earnings
Thursday, July 7, 2011 - 8:09am | 117If you took the advice yesterday to take a look at the Latin American Costco (NASDAQ: COST), you would be a very happy shareholder this morning. PriceSmart (NASDAQ: PSMT) reported third quarter earnings of 51 cents per share on $431.1 million, versus estimates of 46 cents per share on $390.6...
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News Summary for July 7, 2011
Thursday, July 7, 2011 - 8:07am | 463This is your Benzinga news summary and traders' outlook for Thursday, July 7, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures and the U.S. dollar are trading slightly higher as traders wait for employment data...
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UPDATE: Goldman Sachs Raises PT on Sara Lee to $22
Thursday, July 7, 2011 - 7:54am | 93Goldman Sachs is out with its report today on Sara Lee (NYSE: SLE), raising its PT from $19 to $22. In a note to clients, Goldman Sachs writes, "We are raising our 12-month sum-of-the parts blended P/E- and EV/EBITDA-based price target to $22 (ex dividend), from $19, as we roll forward our...
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J.P. Morgan Reiterates Neutral Rating On Campbell Soup Company
Thursday, July 7, 2011 - 7:41am | 94According to J.P. Morgan, Campbell Soup Company (NYSE: CPB) will host its investor day Tuesday, July 12, at its Camden, N.J., headquarters. J.P. Morgan said that it no longer believe a sharpening of price points in the sluggish soup business is likely. “Instead, we believe incoming CEO Denise...
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Goldman Sachs Remains Above Consensus on Sanderson Farms
Thursday, July 7, 2011 - 7:38am | 80“We remain above consensus for Sanderson Farms, Inc. (NASDAQ: SAFM) in FY12 at $4.09 vs $2.86 as we expect 10%-15% chicken price inflation as supply cuts flow through,” Goldman Sachs wrote in a report this morning. “Recent data points suggest this process is under way, with pullets -8% yoy and...
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Morgan Staney Coverage Discontinuations 7/6, Part 3
Thursday, July 7, 2011 - 7:31am | 166Morgan Stanley has discontinued coverage on the following companies: Dole Food (NYSE: DOLE) HJ Heinz (NYSE: HNZ) Del Monte Produce (NYSE: FDP) The Hershey Company (NYSE: HSY) ConAgra Foods (NYSE: CAG) Campbell Soup (NYSE: CPB) General Mills (NYSE: GIS) Sara Lee (NYSE: SLE) Chiquita Brands (NYSE:...
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A Peek Into The Market Before The Trading Starts
Thursday, July 7, 2011 - 7:23am | 369Pre-open movers US stock futures are higher this morning, as investors are awaiting same-store sales from retailers, employment data and an interest-rate decision from the ECB. Futures on the Dow Jones Industrial Average surged 29 points to 12,598.00 and futures on the S&P 500 stock index rose...
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US Stock Futures Up; All Eyes On Employment Data, Retailers, ECB
Thursday, July 7, 2011 - 6:19am | 353US stock futures are higher this morning, as investors are awaiting same-store sales from retailers, employment data and an interest-rate decision from the ECB. Futures on the Dow Jones Industrial Average surged 30 points to 12,599.00 and futures on the S&P 500 stock index rose 4.00 points to 1...
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Costco Reports 14% Rise In June Same-Store Sales
Thursday, July 7, 2011 - 5:41am | 97Costco Wholesale Corp (NASDAQ: COST) reported a 14% rise in its June sales at stores open at least a year. Costco's total sales for the five-week period ending July 3 surged 18% to $8.69 billion. Its US same-store sales climbed 12%, while growth at the international business came in at 18%....
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Earnings Scheduled For July 7
Thursday, July 7, 2011 - 12:32am | 149Helen of Troy Limited (NASDAQ: HELE) is expected to report its Q1 EPS at $0.76 on revenue of $260.20 million. International Speedway Corporation (NASDAQ: ISCA) is expected to report its Q2 EPS at $0.27 on revenue of $138.25 million. WD-40 Company (NASDAQ: WDFC) is projected to report its FQ3 EPS...
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Stocks To Watch For July 7
Thursday, July 7, 2011 - 12:28am | 259Some of the stocks that may grab investor focus today are: Wall Street expects WD-40 Company (NASDAQ: WDFC) to report its FQ3 EPS at $0.53 on revenue of $87.55 million. WDFC shares gained 0.89% to close at $40.85 yesterday. Zumiez Inc (NASDAQ: ZUMZ) reported a 9.8% rise in its June sales at...
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High Yield Dividend Champion Portfolio Updated
Wednesday, July 6, 2011 - 10:39pm | 491Click here for a FREE Trading Course The High Yield Dividend Champion Portfolio has been updated for July. I will have an in-depth article published on the portfolio tomorrow on Seeking Alpha. The link will be posted as soon as it is available. The two purchases for this month are MGE Energy (...