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Fast Money Picks For July 7th (MAR, KSU, QCOM, BRCM, PEP)
Wednesday, July 6, 2011 - 8:16pm | 218On CNBC's Fast Money, Steve Grasso said that he bought Marriott International, Inc. (NYSE: MAR) today. Marriott International, Inc. (MAR) fell 0.05% today, and it closed at $36.62. Tim Seymour said that he would take profits in Kansas City Southern (NYSE: KSU) on Thursday. Kansas City Southern (...
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Swing & Fade Traders Frustrated 07-06-2011
Wednesday, July 6, 2011 - 5:48pm | 827Cusick's Corner The market is in a light volume, range-bound environment that has no solid leadership across the board. We are seeing stocks and commodities that are trading now in a range to the upside but the huge trend, a break out or down, has not been confirmed. If you look at the S&Ps,...
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Retail is Focus Today 07-06-2011
Wednesday, July 6, 2011 - 5:16pm | 859Cusick's Corner The market is trading off the lows of the day and Retail, XRT, has been the focus today in front of a plethora of data and earnings which may be potentially volatile because the strength of the consumer has been under pressure due to energy price fluctuations and lackluster...
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Reser's to Acquire Vaughan Foods for $18.25M
Wednesday, July 6, 2011 - 4:03pm | 205Reser's Fine Foods, Inc. and Vaughan Foods, Inc. (OTC: FOOD), today announced that they have entered into an agreement for Reser's to acquire Vaughan Foods for $18.25 million in cash. Vaughan's Board of Directors has unanimously approved the transaction, which is subject to approval from Vaughan's...
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Puts Purchased on Hormel Foods
Wednesday, July 6, 2011 - 2:07pm | 117Shares of Hormel Foods Corporation (NYSE: HRL) are higher on the session by 0.58%, currently trading at $30.23. The stock has been moving largely higher over the past five months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short...
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CVS Caremark Corporation Announces Quarterly Dividend of $0.125/Share
Wednesday, July 6, 2011 - 1:02pm | 44CVS Caremark Corporation (NYSE: CVS) today announced that its Board of Directors has approved a quarterly dividend of $0.125 (12.5 cents) per share on the Common Stock of the Corporation, payable August 2, 2011 to holders of record on July 22, 2011.
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Pilgrim's Pride: Will 2012 Be the Year of the Chicken?
Wednesday, July 6, 2011 - 12:21pm | 824By Justin Rohrlich After a major restructuring, one money manager believes the country's second-largest poultry producer is ready to run. As investors got spooked by the equity markets, many sought safety in commodities. The tremendous run-ups in everything from corn to gold has money manager...
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Coffee Holding Piping Hot Again
Wednesday, July 6, 2011 - 11:17am | 104Coffee Holding Co., Inc. (NASDAQ: JVA) shares are jumping again today, gaining nearly 9% on 700,000 shares. At last check, shares of the coffee company were trading at $20.23, a gain of $1.60 or 8.59%. Coffee Holding, along with other coffee stocks such as Green Mountain Coffee Roasters (...
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Time To Look At The Latin American Costco?
Wednesday, July 6, 2011 - 10:58am | 549PriceSmart Inc. (NASDAQ: PSMT) shares are trading at a new 52 week high, as the company has continued to expand its presence into new countries in Latin America. PriceSmart, which is similar to Costco (NASDAQ: COST), BJ's Wholesale (NYSE: BJ) and Sam's Club, is a membership-based retail chain, and...
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Market Roundup
Wednesday, July 6, 2011 - 10:46am | 215Shares of Walgreen Co (NYSE: WAG) gained about 0.9% after the company reported a 4.8% rise in its June same-store sales. Analysts were expecting a 2.8% increase. Comparable results included a 4.7% rise in non-pharmacy front end sales. Its comparable pharmacy sales climbed 4.9%. Walgreen's total...
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Benzinga's Volume Movers
Wednesday, July 6, 2011 - 10:29am | 159SodaStream International Ltd (NASDAQ: SODA) shares surged 7.03% to $75.35 at 10:25 am. The volume of SODA shares traded was 228% higher than normal. SODA reported that it will break ground on a new 850,000 square-foot manufacturing facility in Israel. Coffee Holding Co Inc (NASDAQ: JVA) shares...
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NASDAQ Stocks Hitting 52-Week Highs
Wednesday, July 6, 2011 - 10:15am | 127PriceSmart Inc (NASDAQ: PSMT) shares rose 1.01% to create a new 52-week high of $54.16. PSMT's trailing-twelve-month ROE is 17.52%. Magma Design Automation Inc (NASDAQ: LAVA) shares gained 2.18% to create a new 52-week high of $8.42. LAVA shares have jumped 175.43% over the past 52 weeks, while...
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Morning Market Losers
Wednesday, July 6, 2011 - 9:58am | 106TeamStaff Inc (NASDAQ: TSTF) dipped 15.79% to $1.12 at 9:55 am. TSTF's subsidiary, TeamStaff Government Solutions, received an Indefinite-Delivery/Indefinite Quantity (ID/IQ) prime contract award from the Naval Surface Warfare Center, Dahlgren Division. DragonWave Inc (NASDAQ: DRWI) fell 9.49% to...
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How To Trade Today's ISM Services
Wednesday, July 6, 2011 - 9:28am | 452Today the ISM Services index is scheduled to be released at 10:00 a.m. for June, and economists are expecting the reading to come in below May's reading, but still indicate expansion. Economists expect a reading of 54.0, which is down slightly from May's reading of 54.6, but it still indicates...
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Piper Jaffray Updates 7/6
Wednesday, July 6, 2011 - 9:14am | 483Piper Jaffray made a number of updates in a research report published today. Changyou.com (NASDAQ: CYOU) had its rating maintained at Overweight. At the same time, its price target was raised from $49 to $53. On Tuesday, CYOU closed the day at $45.32. Conway (NYSE: CNW) had its rating reiterated...