-
Mike Khouw's Clorox (CLX) Trade
Thursday, June 23, 2011 - 7:20pm | 131On CNBC's Options Action, Mike Khouw said that investors should consider a bearish options strategy in The Clorox Company (NYSE: CLX). He explained that this stock is not a growth story, and it is a little bit expensive compared to its peers. Mike Khouw also said that investors consider CLX as a...
-
Market Battles Back 06-23-2011
Thursday, June 23, 2011 - 7:00pm | 956Cusick's Corner As I mentioned yesterday and in today's Midday, Tech was really strong (look at the QQQs) and that leadership buoyed a weak market and by the afternoon, sectors like Consumer Discretionary, XLY, Housing, XHB, and even Finance, XLF, joined the advance. The table is now setting up...
-
Campbell Announces $1B Share Repurchase Program
Thursday, June 23, 2011 - 4:35pm | 56Campbell Soup Company (NYSE: CPB) today announced that its Board of Directors has authorized a new share repurchase program. Under the new program, Campbell is authorized to purchase up to $1 billion of its outstanding shares in open market and privately negotiated transactions. The program has...
-
Campbell Elects Denise Morrison President & CEO
Thursday, June 23, 2011 - 4:30pm | 74Campbell Soup Company (NYSE: CPB) announced today that the Board of Directors has elected Denise Morrison, 57, as President and Chief Executive Officer, effective Aug. 1, 2011, the first day of Campbell's next fiscal year. In October 2010, Morrison was named Executive Vice President and Chief...
-
Mannatech Restructures its U.S.-based Work Force
Thursday, June 23, 2011 - 4:01pm | 47Mannatech, Incorporated (NASDAQ: MTEX) has announced a restructuring of its U.S. operations, which impacts 64 employees across various departments. The strategic move also eliminates 34 other open positions and redistributes critical responsibilities to existing teams within Mannatech U.S....
-
Two New RAFI Fundamental Pure Style ETFs From PowerShares
Thursday, June 23, 2011 - 3:59pm | 673Last week (6/16/11), PowerShares rebranded seven of the nine ETFs in its suite of “Dynamic” style box ETFs as “Fundamental Pure” style box ETFs. For some reason, the PowerShares Dynamic Large Cap Growth Portfolio (PWB) and PowerShares Dynamic Large Cap Value Portfolio (PWV) were excluded from this...
-
Critical Levels Broken 06-23-2011
Thursday, June 23, 2011 - 2:44pm | 1052Cusick's Corner Critical levels were broken in both equities and commodities and the Dollar currently is the trade. I did cover my short deltas this morning and am sitting flat but want to see if the Midday lows entice the Bid, seeing a little action in select names. In bond trading -- yields...
-
Under The Hood: The "Other" International Staples ETF
Thursday, June 23, 2011 - 2:06pm | 420When it comes to international consumer staples ETFs, the iShares S&P Global Consumer Staples ETF (NYSE: KXI) is the big kahuna. KXI, which is nearly five years old, has $351.6 million in assets under management, giving it a dominant position in this niche of the ETF world. Well, as is often...
-
25 Stocks Breaking Down
Thursday, June 23, 2011 - 12:27pm | 183The stocks below are showing signs of, or already in the process of, breaking down as the smart money appears to be leaving them in a subtle manner. There are stocks trading at its peak and finally showing some vulnerability, while on the other extreme, there are stocks that have been in a channel...
-
How Peter Lynch Finds the Perfect Company
Thursday, June 23, 2011 - 12:24pm | 1045Peter Lynch -- perhaps the greatest mutual fund manager of all-time -- brought the concept of Value Investing to the masses with his books One Up On Wall Street and Beating the Street. He wholeheartedly bought into Benjamin Graham's and Warren Buffett's strategy of value investing, and then...
-
How Peter Lynch Finds the Perfect Company
Thursday, June 23, 2011 - 12:24pm | 1045Peter Lynch -- perhaps the greatest mutual fund manager of all-time -- brought the concept of Value Investing to the masses with his books One Up On Wall Street and Beating the Street. He wholeheartedly bought into Benjamin Graham's and Warren Buffett's strategy of value investing, and then...
-
How a Depleted Corn Supply Could Wreak Havoc on Agriculture Stocks
Thursday, June 23, 2011 - 11:43am | 1482By Tom Clancy Disastrous weather has put this year's crop report in question, and could affect fertilizer stocks, crop insurance, and more. “Soldiers of corn, lend me your ears!” --El Seed in The Tick The Ag trade consists of 4 parts: 1) Seeds Monsanto (NYSE: MON) DuPont (NYSE: DD) 2)...
-
Puts Purchased on Avon Products, Inc.
Thursday, June 23, 2011 - 11:42am | 136Shares of Avon Products, Inc. (NYSE: AVP) are lower on the session by 2.37%, currently trading at $27.16. The stock has been moving largely lower over the past two months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while...
-
Goldman Sachs Mantains Buy Rating On BJ's Wholesale Club
Thursday, June 23, 2011 - 11:41am | 110According to Goldman Sachs, BJ's Wholesale Club (NYSE: BJ) Buy rating is maintained. Goldman Sachs said that the New York Post reported today that BJ's is looking for closer to $55 per share from a joint bid by Leonard Green & Partners and CVC Capital Partners, versus an earlier reported bid...
-
Market Roundup
Thursday, June 23, 2011 - 10:40am | 424Shares of Rite Aid Corp (NYSE: RAD) gained about 3.5% after the company reported narrower-than-expected first-quarter loss. Rite Aid's quarterly narrowed to $65.5 million, or $0.07 per share, from $76 million, or $0.09 per share, in the year-earlier period. Its revenue came in at $6.39 billion....