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News Summary for June 30, 2011
Thursday, June 30, 2011 - 7:59am | 413This is your Benzinga news summary and traders' outlook for Thursday, June 30, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher and the U.S. dollar lower after Greece voted yesterday to cut...
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J.P. Morgan Reiterates Overweight on General Mills
Thursday, June 30, 2011 - 7:40am | 132J.P. Morgan is out with its report today on General Mills (NYSE: GIS), reiterating Overweight. In a note to clients, J.P. Morgan writes, "We are reiterating our Overweight rating on the shares of General Mills following a modest earnings capitulation on yesterday's earnings call. Mills guided to a...
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A Peek Into The Market Before The Trading Starts
Thursday, June 30, 2011 - 7:27am | 399Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting jobless claims and Chicago PMI data. Futures on the Dow Jones Industrial Average surged 16 points to 12,234.00 and futures on the S&P 500 stock index rose 1 point to 1,305.30. Nasdaq 100 futures gained...
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UPDATE: McCormick Reports Q2 Profit of $73.6M
Thursday, June 30, 2011 - 7:22am | 97McCormick & Company Inc (NYSE: MKC) released its second-quarter results on Thursday. McCormick reported its quarterly profit at $73.6 million, or $0.55 per share, up from $66.2 million, or $0.49 per share, in the year-earlier period. Its sales climbed 11% to $883.7 million. However, analysts...
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Bank of America Upgrades CBD To Buy
Thursday, June 30, 2011 - 7:08am | 21Bank of America has upgraded Brazilian Distribution (NYSE: CBD) from Neutral to Buy.
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Citigroup Lowers PT On General Mills To $44
Thursday, June 30, 2011 - 6:57am | 26Citigroup has lowered the price target on General Mills (NYSE: GIS) from $45 to $44 and maintains its Buy rating.
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US Stock Futures Up Ahead Of Jobless Claims, Chicago PMI Data
Thursday, June 30, 2011 - 6:24am | 444US stock futures are higher this morning, as investors are awaiting jobless claims and Chicago PMI data. Futures on the Dow Jones Industrial Average surged 24 points to 12,242.00 and futures on the S&P 500 stock index rose 2.50 points to 1,306.80. Nasdaq 100 futures gained 6.00 points to 2,300....
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MSNBC's 'The Ed Show' Head to New Orleans for Katrina Sixth Anniversary
Thursday, June 30, 2011 - 6:04am | 129In conjunction with the sixth anniversary of Hurricane Katrina, MSNBC's "The Ed Show" will join forces with the National Association of Free Clinics (NAFC) to bring free health care and treatment to New Orleans on Monday, August 29, 2011. To bring awareness and care to those in critical need, MSNBC...
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Credit Suisse Changes PT On KFT, MON
Thursday, June 30, 2011 - 6:02am | 43Credit Suisse has changed the price targets on the following companies: Kraft Foods (NYSE: KFT) Outperform, PT from $37 to $39 Monsanto Company (NYSE: MON) Neutral, PT from $67 to $68
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Stocks Going Ex Dividend the First Week of July
Thursday, June 30, 2011 - 1:45am | 766Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Earnings Scheduled For June 30
Thursday, June 30, 2011 - 1:17am | 387Apollo Group Inc (NASDAQ: APOL) is expected to report its Q3 earnings at $1.34 per share on revenue of $1.20 billion. McCormick & Company Incorporated (NYSE: MKC) is projected to post its Q2 EPS at $0.54 on revenue of $855.16 million. Smith & Wesson Holding Corp (NASDAQ: SWHC) is...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Illumina
Thursday, June 30, 2011 - 1:09am | 338On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Hudson City Bancorp (NASDAQ: HCBK) "turned out to be far more controversial than I realized ... If you want a good regional, I suggest First Niagara Financial (NASDAQ: FNFG)." For Transocean (NYSE: RIG), he said, "I like it, a...
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Water Balloon Toss 06-29-2011
Wednesday, June 29, 2011 - 6:58pm | 994Cusick's Corner Today's action was like watching a fast paced water balloon toss competition (a great Fourth of July game). There will be quite a bit of data released over the next 12 hours that has the potential to add some volatility and the most notable releases are manufacturing data out of...
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USANA Health Expects Q2 Sales $147M vs. 134.9M Est on EPS of at Least $0.85 vs. $0.71 Est
Wednesday, June 29, 2011 - 4:33pm | 222USANA Health Sciences, Inc. (NYSE: USNA) today reported that preliminary net sales for its fiscal second quarter ending July 2, 2011 are expected to exceed $147.0 million and earnings per share for the quarter are expected to be at or above $0.85. Earnings per share for the period will benefit by...
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KeyBanc Capital Markets Initiates Corn Products International Coverage; Hold
Wednesday, June 29, 2011 - 4:26pm | 90KeyBanc Capital Markets initiated Corn Products International (NYSE: CPO) coverage with a Hold rating in a research report published today. In the report, KeyBanc Capital Markets states, "In short, we think CPO is operating in highly favorable conditions, and we believe the National Starch...