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Earnings Preview for Family Dollar
Tuesday, June 28, 2011 - 8:19am | 329Family Dollar Stores (NYSE: FDO) will be reporting its third-quarter fiscal 2011 results Wednesday, June 29, before the opening bell. While the sluggish economy no doubt has continued to benefit the nation's number two dollar-store chain, the company also faces stiff competition from larger rivals...
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McCormick Enters Agreement to Acquire Kamis for $291M
Tuesday, June 28, 2011 - 8:01am | 96McCormick & Company, Incorporated (NYSE: MKC) today announced that it has signed an agreement to purchase 100% of the shares of Kamis S.A. Kamis is a privately held company based in Poland with distribution into Russia and other parts of Central and Eastern Europe. The completion of the...
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Deutsche Bank Updates 6/28
Tuesday, June 28, 2011 - 7:38am | 451Deutsche Bank made a number of updates in a research report published today. Flowers Foods (NYSE: FLO) had its rating reinstated at Hold. At the same time, its price target was reduced from $25 to $20. On Monday, Flowers added 0.25% to its value to end the day at $21.74. Medicis Pharmaceutical (...
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Deutsche Bank Maintains Hold on Flowers Foods
Tuesday, June 28, 2011 - 7:29am | 92Deutsche Bank is out with its report today on Flowers Foods (NYSE: FLO), maintaining Hold. In a note to clients, Deutsche Bank writes, "Although we believe in the logic behind the recent Tasty Baking acquisition and Flowers' more aggressive LT approach to M&A in the consolidating baked goods...
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Deutsche Bank Reinstates Flowers Foods At Hold, Lowers PT To $20
Tuesday, June 28, 2011 - 5:51am | 30Deutsche Bank has reinstated coverage on Flowers Foods (NYSE: FLO) with a Hold rating and has lowered the price target from $25 to $20.
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Sectors to Watch 06-27-2011
Monday, June 27, 2011 - 8:13pm | 907Cusick's Corner While the market held onto the midday gains, the volume was light and the Greek austerity vote is still a headline risk in the market during this pre-vacation week. So while we watch the potential headlines overseas, do not lose sight of other barometers, .i.e. the offensive...
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Fast Money Picks For June 28th (FBR, CVS, XLY)
Monday, June 27, 2011 - 7:37pm | 161On CNBC's Fast Money, Tim Seymour said that he wants to buy Fibria Celulose S.A. (ADR) (NYSE: FBR) on Tuesday. Fibria Celulose S.A. (ADR) (FBR) gained 0.31% today, and it closed at $13.00. Karen Finerman thinks that CVS Caremark Corporation (NYSE: CVS) is a buy. CVS Caremark Corporation (CVS)...
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Window Dressing 06-27-2011
Monday, June 27, 2011 - 3:25pm | 1003Cusick's Corner Window dressing -- the grind to the upside could be a combination of some end of the quarter window dressing with a twist of shorts being squeezed. The market has again held critical support, 1256 on the S&Ps, and found legs to bounce, plus Tech is leading again. Now I take...
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Coffee Holding Cooling Off, Down 9%
Monday, June 27, 2011 - 2:50pm | 70Coffee Holding Co., Inc. (NASDAQ: JVA) shares have cooled off in recent sessions, after having been piping hot when the company reported earnings. At last check, shares of Coffee Holding Co. were trading at $14.36, a loss of $1.33 or 8.48% on 900,000 shares. Coffee Holding Co., Inc. engages in...
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Stocks Shrug Off Greece, Deficit Uncertainty
Monday, June 27, 2011 - 1:35pm | 149(TheStreet) -- Technology, financials and conglomerates were leading stocks higher as austerity plan negotiations in Greece and deficit reduction talks in Washington heat up. The Dow Jones Industrial Average was up by 105 points, or 0.9%, at 12,040. The S&P 500 was higher by 10 points, or 0.8...
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Puts Purchased on Reynolds American Inc.
Monday, June 27, 2011 - 1:11pm | 130Shares of Reynolds American Inc. (NYSE: RAI) are higher on the session by 0.30%, currently trading at $37.17. The stock has been moving largely higher over the past five 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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Mondays Put/Call Ratio Leaders
Monday, June 27, 2011 - 12:14pm | 79Here are today's Put/Call Ratio leaders… 1. Solarwinds Inc. (NYSE: SWI) 5,001 puts, 16 calls 2. Reynolds American Inc. (NYSE: RAI) 5,044 puts, 51 calls 3. NetLogic Microsystems Inc. (NASDAQ: NETL) 13,928 puts, 539 calls 4. Time Warner (NYSE: TWX) 4,895 puts, 237 calls 5. PulteGroup Inc. (NYSE: PHM...
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Top Narrow Based Indexes For June 27
Monday, June 27, 2011 - 11:51am | 221By 11:48 am, the Dow Jones Industrial Average was up 93.20 points, or 0.78%, to 12,027.78, while the broader Standard & Poor's 500 index had surged 9.14 points, or 0.72%. The NASDAQ composite index rose 28.10 points, or 1.06%. Some of the narrow based indexes that are driving the markets are...
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Benzingas Volume Movers
Monday, June 27, 2011 - 11:42am | 139Innospec Inc (NASDAQ: IOSP) shares surged 5.12% to $32.44 at 11:40 am. The volume of IOSP shares traded was 197% higher than normal. IOSP shares have jumped 200.20% over the past 52 weeks, while the S&P 500 index has gained 17.80% in the same period. EZCORP Inc (NASDAQ: EZPW) shares moved up 6...
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NASDAQ Stocks Hitting 52-Week Lows
Monday, June 27, 2011 - 11:40am | 125Zhongpin Inc (NASDAQ: HOGS) shares fell 12.02% to create a new 52-week low of $9.66. HOGS is scheduled to meet with institutional investors at the Oppenheimer 11th Annual Consumer Conference in Boston on June 28 and 29. Pozen Inc (NASDAQ: POZN) shares dropped 0.69% to create a new 52-week low of $...