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Rally Extended 06-29-2011
Wednesday, June 29, 2011 - 3:31pm | 936Cusick's Corner Today's snapshot: Greeks respond to austerity measures, BAC settles and bonds tumble. The Finance sector had the largest lift into the midday, thanks to more clarity from Bank of America concerning fallout from the mortgage and CDS markets which additionally helps estimate the...
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Rally Extended 06-29-2011
Wednesday, June 29, 2011 - 3:31pm | 936Cusick's Corner Today's snapshot: Greeks respond to austerity measures, BAC settles and bonds tumble. The Finance sector had the largest lift into the midday, thanks to more clarity from Bank of America concerning fallout from the mortgage and CDS markets which additionally helps estimate the...
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Skip Summer Doldrums With These Stock Ideas
Wednesday, June 29, 2011 - 3:27pm | 489It's hot. Your air conditioner (if you're lucky enough to have one) has been blasting away for weeks. You're starting to count the swimming pool as your daily bath. Your nightly iced tea has slowly morphed into a mojito or six. And yes, the kids are driving you up the wall. Welcome to summer...and...
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Wednesday's Put/Call Ratio Leaders
Wednesday, June 29, 2011 - 1:54pm | 80Here are today's Put/Call Ratio leaders… 1. Ashford Hospitality Trust (NYSE: AHT) 5,000 puts, 33 calls 2. H&R Block Inc. (NYSE: HRB) 4,542 puts, 37 calls 3. Myriad Genetics (NASDAQ: MYGN) 3,038 puts, 28 calls 4. Ralcorp Holdings (NYSE: RAH) 3,083 puts, 62 calls 5. ResMed Inc. (NYSE: RMD) 6,034...
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Health Over Profit: What the World Can Learn From Australia's Showdown With Philip Morris
Wednesday, June 29, 2011 - 11:43am | 588By Joe Jordan Australia's plan to introduce brand-less cigarette packs causes controversy and hope. n a way you can say the entire world is somewhat liberal. That is to say, that most countries are engaged in progress and reform. In an industry as blatantly unhealthy as the tobacco industry, it...
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Puts Purchased on Ralcorp Holdings, Inc.
Wednesday, June 29, 2011 - 11:16am | 127Shares of Ralcorp Holdings, Inc. (NYSE: RAH) are lower on the session by 0.21%, currently trading at $86.64. 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 puts on the name today. A short...
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Walgreens Plans Expansion in City of Chicago; Would Provide 600 New Jobs
Wednesday, June 29, 2011 - 10:05am | 128Walgreens (NYSE: WAG) today unveiled its “Chicago Hometown Investment Initiative,” a plan to provide an estimated 600 new jobs in the city over the next two years and quadruple its number of food oasis stores. Roughly half of the jobs are expected to result from expansion of Walgreens downtown...
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Citi Reiterates Buy and PT of $72 on the Coca-Cola Company
Wednesday, June 29, 2011 - 9:57am | 45Citi reiterated its Buy rating on the Coca-Cola Company (NYSE: KO). At the same time, Citi left its price target on the company's stock unchanged at $72. In today's trading, Coca-Cola added 1.01% to its value to stand around $66.70.
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Gabelli Maintains Buy on Corn Products International
Wednesday, June 29, 2011 - 9:16am | 96Gabelli is out with its report today on Corn Products International (NYSE: CPO), maintaining Buy. In a note to clients, Gabelli writes, "The agriculture sector is experiencing strong fundamentals with corn futures at $6.27 per bushel, double the 2010 price level of $3.12. High prices are expected...
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Citi Reiterates Hold on Walgreen
Wednesday, June 29, 2011 - 9:08am | 135Citi is out with its report today on Walgreen (NYSE: WAG), reiterating Hold. In a note to clients, Citi writes, "WAG delivered strong +4.1% topline growth during F3Q11 as its Customer Centric Retailing initiative continued to gain traction by driving more trips and increased basket size. Looking...
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Bank of America Merrill Lynch Maintains Neutral on Campbell Soup
Wednesday, June 29, 2011 - 9:02am | 92Bank of America Merrill Lynch is out with its report today on Campbell Soup (NYSE: CPB), maintaining Neutral. In a note to clients, Bank of America Merrill Lynch writes, "Inconsisent performance in U.S. soup as well as the uncertainty of long term sustainability keeps us cautious. We maintain our...
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News Summary for June 29, 2011
Wednesday, June 29, 2011 - 7:55am | 318This is your Benzinga news summary and traders' outlook for Wednesday, June 29, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher as traders anticipate a positive vote to the Greek debt crisis...
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A Peek Into The Market Before The Trading Starts
Wednesday, June 29, 2011 - 7:42am | 393Pre-open movers US stock futures are higher this morning, as investors are awaiting home-sales data. The Greek parliament is scheduled to vote on the austerity measures. Futures on the Dow Jones Industrial Average surged 55 points to 12,196.00 and futures on the S&P 500 stock index rose 7.20...
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Goldman Sachs Raises Price Target On Campbell Soup To $34
Wednesday, June 29, 2011 - 7:41am | 96According to Goldman Sachs, Campbell Soup (NYSE: CPB) last night announced a restructuring program that will result in $60 mn of ongoing pre-tax savings in FY12, which steps up to $70 mn by FY14. Goldman Sachs said that it raises its 12-month price target to $34 from $32 on its higher EPS estimate...
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UPDATE: General Mills Reports 51% Rise In Q4 Net Income, Issues Downbeat FY12 Earnings Forecast
Wednesday, June 29, 2011 - 7:37am | 100General Mills Inc (NYSE: GIS) reported a 51% surge in fiscal fourth-quarter net income on Wednesday. General Mills reported its quarterly earnings at $320.2 million, or $0.48 per share, up from $211.9 million, or $0.31 per share, in the year-ago quarter. Its adjusted earnings came in at $0.52 per...