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Walgreen Reports 4.8% Increase In June Same-Store Sales
Wednesday, July 6, 2011 - 9:00am | 68Walgreen Co (NYSE: WAG) 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 sales jumped 6.8% to $6.04 billion....
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Neptune Technologies & Bioressources Confirms Dividend of Acasti Rights
Wednesday, July 6, 2011 - 8:05am | 165Neptune Technologies & Bioressources (Nasdaq: NEPT) announces that, following the announcement by Acasti Pharma, a subsidiary of Neptune, of a rights offering to its shareholders of record date July 5, 2011 and Neptune's announcement that the rights it would receive from Acasti would be...
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Citi Looks To New Campbell Soup CEO For Growth Plan
Wednesday, July 6, 2011 - 8:03am | 102According to Citi, Campbell Soup (NYSE: CPB) has struggled in recent years, with the most glaring issue being a decline of its U.S. Soup business. Citi said that at the upcoming analyst day on July 12th, it expects the new incoming CEO, Ms. Denise Morrison, to unveil her plan to restore CPB to...
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A Peek Into The Market Before The Trading Starts
Wednesday, July 6, 2011 - 7:22am | 363Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 40 points to 12,493.00 and futures on the S&P 500 stock index fell 6 points to 1,330.70. Nasdaq 100 futures dropped 6.25 points to 2,365.75. A...
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Schiff Nutrition and Aker BioMarine Sign Long-Term Krill Oil Supply Agreement
Wednesday, July 6, 2011 - 7:03am | 61Schiff Nutrition Group, Inc. a wholly owned subsidiary of Schiff Nutrition International, Inc. (NYSE: WNI), and Aker BioMarine expanded their supply agreement through at least June 2016 to provide Schiff high quality Aker BioMarine krill oil. Further, Schiff is granted certain exclusive sales...
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Zhongpin Inc. Announces Stock Repurchase Program of Up to $10 million
Wednesday, July 6, 2011 - 6:52am | 127Zhongpin Inc. (Nasdaq: HOGS) today announced that its board of directors has approved a stock repurchase program of up to $10 million of its outstanding stock over the next 12 months. The stock repurchase program was approved by Zhongpin's board of directors on July 5, 2011, became effective on...
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US Stock Futures Down As Investors Await Economic Data
Wednesday, July 6, 2011 - 6:15am | 279US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 32 points to 12,501.00 and futures on the S&P 500 stock index fell 4.60 points to 1,332.10. Nasdaq 100 futures dropped 5.75 points to 2,366.25. US stocks closed...
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Classic Summer Mode 07-05-2011
Tuesday, July 5, 2011 - 6:16pm | 828Cusick's Corner The markets were, well in summer mode. This is the type of action that one could expect into an employment number at the end of the week and with earnings coming. The market had low volume with choppy action and while the bid has been nibbling, the future data has been holding the...
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Classic Summer Mode 07-05-2011
Tuesday, July 5, 2011 - 6:16pm | 828Cusick's Corner The markets were, well in summer mode. This is the type of action that one could expect into an employment number at the end of the week and with earnings coming. The market had low volume with choppy action and while the bid has been nibbling, the future data has been holding the...
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Market After Last Week's Rally 07-05-2011
Tuesday, July 5, 2011 - 2:57pm | 927Cusick's Corner Because of an absence of trading catalysts, the market is likely to stay in a range for the rest of the day and just continue to chop around. This makes the current market a little more difficult to trade, at least from a two-sided perspective. I previously noted that spreading...
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Checking In: Investors Flocking To This Ag Play
Tuesday, July 5, 2011 - 2:28pm | 456For the longest time, well almost four years, it seemed like the Market Vectors Agribusiness ETF (NYSE: MOO) was immune to legitimate competition when it came to equity-based ETFs tracking the global agribusiness boom. Sure, MOO has a couple of competitors, but none can come close to boasting the $...
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Coffee Holding Soaring 18%
Tuesday, July 5, 2011 - 1:55pm | 99The train just doesn't stop here, does it? Shares of Coffee Holding Co.Inc. (NASDAQ: JVA) are at it again, today, gaining 18% on more than five times its average daily volume, as the market has run the course of its correction, and this stock is breaking out in a big way. Since April, shares have...
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Calls Purchased on Bunge Limited
Tuesday, July 5, 2011 - 12:14pm | 119Shares of Bunge Limited (NYSE: BG) are higher on the session by 0.90%, currently trading at $70.35. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the...
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Coffee Stocks Are Percolating, But Are They Going To Brew Profits For You?
Tuesday, July 5, 2011 - 12:04pm | 418The market snapped out of its correction last week, with the three major indexes soaring around 5% each, and the coffee stocks were the group that was acting the strongest during the correction. Now that the correction appears to be over, these names are showing tremendous strength. With the...
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Options Brief: The Clorox Company
Tuesday, July 5, 2011 - 10:41am | 80Shares of The Clorox Company (NYSE: CLX) are lower on the session by 0.12%, trading at $68.19. Overall put volume is now running at 2.31x the daily average, with 2% of all puts traded being purchases on the offer. 1,215 contracts have traded on the session so far. The Clorox Company is a...