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NASDAQ Stocks Hitting 52-Week Highs
Tuesday, July 5, 2011 - 10:23am | 138Twin Disc Incorporated (NASDAQ: TWIN) shares rose 1.38% to create a new 52-week high of $40.50. TWIN shares have jumped 256.06% over the past 52 weeks, while the S&P 500 index has gained 31.01% in the same period. Immucor Inc (NASDAQ: BLUD) shares gained 30.29% to create a new 52-week high of...
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Coach and Bed Bath & Beyond to Open Near 52-Week Highs
Tuesday, July 5, 2011 - 9:12am | 275Coach (NYSE: COH) and Bed Bath & Beyond (NASDAQ: BBBY) reached new 52-week highs of $66.14 and $59.52 per share, respectively, in Friday's trading session. Coach has been buying back shares and it posted strong quarterly results in April, due in part to strong direct-to-consumer sales, as well...
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Piper Jaffray Reiterates Overweight on Costco
Tuesday, July 5, 2011 - 7:14am | 116Piper Jaffray is out with its report today on Costco (NASDAQ: COST), reiterating Overweight. In a note to clients, Piper Jaffray writes, "We are estimating a June comp of +13% to +14% vs. consensus of ~+13.4%. We are assuming a core merchandising comp of ~+5.7% and combined gas, F/X and...
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3 High Momentum Stocks to Watch This Week
Monday, July 4, 2011 - 9:18pm | 3872Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high on strong volume, with a minimum of two times relative volume on Friday, July 1st. In...
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Kroger and United Food and Commercial Workers Local 700 Ratify Agreements
Friday, July 1, 2011 - 3:31pm | 137Associates of Kroger's Central Division, an affiliate of The Kroger Co. (NYSE: KR), have ratified agreements with United Food and Commercial Workers Local 700. The agreements cover approximately 800 associates working in nine Kroger stores in Northwest Indiana. "Kroger and UFCW reached a good...
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Morgan Stanley Comments on Lorillard
Friday, July 1, 2011 - 1:50pm | 112Morgan Stanley provided color on Lorillard (NYSE: LO) in a research report published today. Morgan Stanley has previously given Lorillard and Equal-Weight rating. In the report, Morgan Stanley states, "Lorillard's announcement of wholesale list price increases across the majority of its cigarette...
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Citi Reiterates Buy on Lorillard
Friday, July 1, 2011 - 9:14am | 108Citi is out with its report today on Lorillard (NYSE: LO), reiterating Buy. In a note to clients, Citi writes, "We remain encouraged by LO's healthy market share trends, as well as the company's positive price/mix and strong EBIT growth. In addition, today's news highlights the fact that pricing...
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J.P. Morgan Maintains Neutral on Constellation Brands
Friday, July 1, 2011 - 8:19am | 111J.P. Morgan is out with its report today on Constellation Brands (NYSE: STZ), maintaining Neutral. In a note to clients, J.P. Morgan writes, "We rate STZ Neutral at 10.6x consensus NTM estimates. Based on the current multiple and projected flat-to-LSD EPS growth, we think valuation is fair. Our...
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Credit Suisse Updates 7/1
Friday, July 1, 2011 - 8:14am | 364Credit Suisse made a number of updates in a research report published today. Marathon Petroleum Corp (NYSE: MPC) had its coverage initiated with an Outperform rating and a price target of $55. On Thursday, MPC added 3.32% to its value to finish the day at $41.40. Its shares lost 1.57% of their...
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Argus Downgrades General Mills To Hold
Friday, July 1, 2011 - 8:11am | 19Argus has downgraded General Mills (NYSE: GIS) from Buy to Hold.
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PepsiCo Announces Delivery of Squeeze-Out Demand Notice to Wimm-Bill-Dann
Friday, July 1, 2011 - 8:02am | 181PepsiCo, Inc. (NYSE: PEP) announced today that it delivered a squeeze-out demand notice to Wimm-Bill-Dann Foods OJSC on June 30, 2011. By delivering the notice, PepsiCo has elected to exercise its right under Russian law to purchase all remaining WBD ordinary shares not already owned by PepsiCo,...
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Jefferies Comments on CVS, Walgreens' Share Gain in TV Markets
Friday, July 1, 2011 - 7:33am | 99“This month we have decided to take a look at drugstore market share changes over the last few years across the top TV markets in the U.S.,” Jefferies wrote in a report. “As the industry consolidates, larger players such as CVS Caremark (NYSE: CVS) and Walgreens (NYSE: WAG) continue to gain share....
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Bank of America Comments on Lorillard Price Increases
Friday, July 1, 2011 - 7:30am | 158Bank of America reports that it learned (and confirmed) Thursday that Lorillard, Inc. (NYSE: LO) announced a list price increase on most of its cigarette brands. “Effective July 1, the wholesale price of Newport (menthol) will rise by $2.50 per 1000 cigarettes, or 50c per carton or 5c per pack,”...
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UPDATE: Jefferies Raises PT on McCormick & Co. to $57
Friday, July 1, 2011 - 7:15am | 100Jefferies is out with its report today on McCormick & Co. (NYSE: MKC), raising its PT from $55 to $57. In a note to clients, Jefferies writes, "2Q11 results ahead of consensus but FY11 guidance was reduced by $0.06 due to acquisition costs. But pricing and volume were strong (+5% and +3%,...
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Jefferies Raises PT on McCormick & Company To $57
Friday, July 1, 2011 - 6:11am | 27Jefferies & Company has raised the price target on McCormick & Company (NYSE: MKC) from $55 to $57 and maintains its Buy rating.