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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Top 4 Stocks In The Cleaning Products Industry With The Highest Profit Margin
Friday, July 1, 2011 - 12:26am | 129Below are the top cleaning products stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at Church & Dwight Company Inc (NYSE: CHD) is 10.56%. CHD's ROE for the same period is 15.12%. The trailing-twelve-month profit margin at Ecolab Inc (NYSE:...
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Fast Money Picks For July 1st (DAR, TSL, WFC, GLW)
Thursday, June 30, 2011 - 6:50pm | 205On CNBC's Fast Money, Joe Terranova said that if you are in the agriculture trade, you have to be concerned. He closed his position in Darling International Inc. (NYSE: DAR), and he has no exposure to this space. Darling International Inc. (DAR) dropped 4.32% today, and it closed at $17.70. Guy...
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Coffee Holding Co. Percolating
Thursday, June 30, 2011 - 3:20pm | 56Coffee Holding Co., Inc. (NASDAQ: JVA) shares are higher today, up almost 2% as the coffee stocks continue to see buying interest. At last check, shares were trading at $15.81, up 24 cents or 1.55% on the day. Shares touched a high of $16.15 earlier in the session, before coming off those levels.
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What's Hot On TheStreet
Thursday, June 30, 2011 - 2:09pm | 281Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Why Wal-Mart's Gas Cuts Won't Matter Wal-Mart (NYSE: WMT) may be rolling back its gas prices, as it announced Wednesday, but consumers shouldn't expect local stations to follow suit with their own 10-cents-per-...
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How to Season Your Portfolio With a Little Greek Opa
Thursday, June 30, 2011 - 1:45pm | 474Sure, Greece is facing doom, and despite favorable negotiations of late, the country might just drag the entire European zone into a bank-failure debt crisis that sinks the euro. Maybe you, like a lot of investors, can't stomach the thought of buying some cheap (and probably worthless) Greek bonds...
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Leading Brands Soaring On Earnings, Repurchase
Thursday, June 30, 2011 - 1:23pm | 68Leading Brands Inc. (NASDAQ: LBIX) shares are soaring today, gaining almost 50% after the company reported earnings this morning. The company reported first quarter net income of 12 cents per share, and said that EBITDAS rose 15% to 28 cents per share. Leading Brands, Inc., together with its...
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Market Roundup
Thursday, June 30, 2011 - 11:54am | 229Shares of MSC Industrial Direct Co Inc (NYSE: MSM) dropped about 0.5% after the company reported upbeat fiscal third-quarter earnings and issued weaker-than-expected Q4 earnings. MSM reported its quarterly profit at $62.1 million, or $0.97 per share, up from $44.3 million, or $0.69 per share, in...
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Morning Market Movers
Thursday, June 30, 2011 - 9:51am | 107Leading Brands Inc (NASDAQ: LBIX) climbed 47.76% to $3.62 at 9:50 am. LBIX reported a 10% y/y rise in its Q1 net income. RIT Technologies Ltd (NASDAQ: RITT) shares gained 32.70% to $9.05. RITT received several major new orders from one of its largest customers, a top-tier diversified financial...
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Inter Parfums Signs an Exclusive License Agreement for Anna Sui Fragrances
Thursday, June 30, 2011 - 9:14am | 175Inter Parfums, Inc. (NASDAQ: IPAR) today announced that it has entered into a ten-year exclusive worldwide fragrance license agreement, with two five-year renewal options, to create, produce and distribute perfumes and fragrance-related products under the Anna Sui brand. The agreement commences on...
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Jefferies Reiterates Hold and PT of $40 on General Mills
Thursday, June 30, 2011 - 9:02am | 41Jefferies reiterated its Hold rating on General Mills (NYSE: GIS). At the same time, Jefferies left its price target on the company's stock unchanged at $40. On Wednesday, General Mills ended the day at $37.38.
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How to Profit from Passage of Greek Austerity Measures
Thursday, June 30, 2011 - 9:00am | 800It looks as though Greece will avoid plunging the international financial system into turmoil, as the Greek Parliament is preparing for a second vote on austerity measures that the European Union (EU) demanded in order for Greece to receive the next installment of the 110 billion euro bailout that...
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Citi Reiterates Buy on General Mills, Reduces PT to $44
Thursday, June 30, 2011 - 8:34am | 43Citi reiterated its Buy rating on General Mills (NYSE: GIS). At the same time, the rating agency reduced its price target on the company's stock from $45 to $44. On Wednesday, General Mills finished the day at $37.38.
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Rite Aid Reports 1.8 Percent Same Store Sales Increase for June
Thursday, June 30, 2011 - 8:34am | 111Rite Aid Corporation (NYSE: RAD) today announced sales results for June. Monthly Sales For the four weeks ended June 25, 2011, same store sales increased 1.8 percent over the prior-year period. June front-end same store sales increased 1.5 percent while pharmacy same store sales, which included...
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UPDATE: Constellation Brands Reports Q1 Net Income of $74.5M
Thursday, June 30, 2011 - 8:01am | 91Constellation Brands Inc (NYSE: STZ) released its quarterly results on Thursday. STZ reported its Q1 net income at $74.5 million, or $0.35 per share, up from $49.1 million, or $0.22 per share, in the year-earlier period. Excluding items, the company's profit came in at $0.39 per share. STZ's net...