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WD-40 Company Announces New Three-year Credit Agreement With Bank of America
Friday, June 17, 2011 - 4:01pm | 99WD-40 Company (Nasdaq: WDFC) announced today that it has entered into a $75.0 million three-year revolving unsecured credit agreement with Bank of America, N.A.. The new credit facility replaces an existing $10.0 million unsecured credit line with Union Bank, N.A. executed in September 2008....
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Friday's Put/Call Ratio Leaders
Friday, June 17, 2011 - 12:29pm | 84Here are today's Put/Call Ratio leaders… 1. Eagle Bulk Shipping Inc. (NASDAQ: EGLE) 9,990 puts, 11 calls 2. Ralcorp Holdings Inc. (NYSE: RAH) 5,485 puts, 80 calls 3. Energy Transfer Equity LP (NYSE: ETE) 2,740 puts, 91 calls 4. NetLogic Microsystems Inc. (NASDAQ: NETL) 3,192 puts, 107 calls 5....
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Coffee Holding Co. Up Another 8%
Friday, June 17, 2011 - 12:05pm | 110The action in Coffee Holding Co. (NASDAQ: JVA) has been extremely explosive over the last couple of weeks. During the course on one month, JVA has jumped 140%. During Friday's trading session, the stock has added another 8% and is trading at $15.20. The 52-week range in JVA is $3.67 to $16.20. The...
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Calls Purchased on Coca-Cola Enterprises
Friday, June 17, 2011 - 11:26am | 123Shares of Coca-Cola Enterprises (NYSE: CCE) are higher on the session by 1.59%, currently trading at $28.67. 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 calls on the name today. A short...
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Goldman Sachs Increases Estimates On Kroger
Friday, June 17, 2011 - 9:22am | 101According to Goldman Sachs, Kroger Company (NYSE: KR) is increasing its FY2011/FY2012/FY2013 estimates from $1.90/$2.06/$2.20 to $1.93/$2.09/$2.23 to partially flow through the $0.05 beat, as it remains concerned that escalating inflation in the back half of the year may prove too great to pass...
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Coffee Holding Gapping Higher Pre-Market
Friday, June 17, 2011 - 9:15am | 15Coffee Holding (NASDAQ: JVA) is up 7.88% pre-market.
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U.S. Stocks Poised For Strong Open
Friday, June 17, 2011 - 9:07am | 72Stock futures were poised for a vastly higher open, boosted by optimism over a deal for debt-ridden Greece. Nasdaq 100 futures surged 14 points vs. fair value, S&P 500 futures rallied 13 points and Dow futures jumped 97 points. The euro gained 0.5% against the dollar as it rebounded from a...
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Deutsche Bank Comments On Dr Pepper Snapple Group At Consumer Conference
Friday, June 17, 2011 - 9:06am | 93According to Deutsche Bank, Dr Pepper Snapple Group (NYSE: DPS) attended the DB consumer conference. Deutsche Bank said that CFO Marty Ellen focused on strategy to manage brand growth, improve efficiency, and maximize FCF. “Strategy is sound, industry reinvestment should help lift LRB volume, DPS...
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Morgan Stanley Maintains Overweight on Walgreens
Friday, June 17, 2011 - 8:29am | 114Morgan Stanley is out with its report today on Walgreens (NYSE: WAG), maintaining Overweight. In a note to clients, Morgan Stanley writes, "Gross margins could be soft in the near-term, but we know gross margin dollars will be expanding starting in December as the new generics arrive, so we are...
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UPDATE: Jefferies Raises PT on Smithfield Foods to $25
Friday, June 17, 2011 - 8:23am | 85Jefferies is out with its report today on Smithfield Foods (NYSE: SFD), raising its PT from $24 to $25. In a note to clients, Jefferies writes, "Raising PT to $25 from $24. Our $25 PT equates to a 7x EV/EBITDA. We believe the multiple, which is below the 5-year mean of 8.4X, is appropriate given...
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UPDATE: Jefferies Raises PT on Kroger to $28
Friday, June 17, 2011 - 8:14am | 128Jefferies is out with its report today on Kroger (NYSE: KR), raising its PT from $27 to $28. In a note to clients, Jefferies writes, "Kroger reported better-than-expected 1Q results driven largely by strong ex-fuel ID sales and solid cost control. It is evident that the company continues to...
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Morgan Stanley Reiterates Equal-Weight on Smithfield Foods
Friday, June 17, 2011 - 7:59am | 130Morgan Stanley reiterated its Equal-rating on Smithfield Foods (NYSE: SFD) in spite of slashing its earnings per share estimates. In a research report published today, Morgan Stanley states, "We are retaining our Equal-weight rating and lowering our F2011 EPS from $2.15 to $1.70. While...
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Deutsche Bank Raises PT On KR To $28
Friday, June 17, 2011 - 7:54am | 126Deutsche Bank has raised its price target on Kroger (NYSE: KR) from $27 to $28 after the company reported a solid Q1. Deutsche Bank maintains a Buy rating on the stock. In the report, Deutsche Bank writes, “Kroger reported a very solid Q1, with EPS beating Consensus by $0.06, driven by stronger-...
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Goldman Sachs Maintains Neutral on Smithfield Foods
Friday, June 17, 2011 - 7:50am | 101Goldman Sachs is out with its report today on Smithfield Foods (NYSE: SFD), maintaining Neutral. In a note to clients, Goldman Sachs writes, "We remain on the sidelines in SFD as we expect shares may follow-through to the upside in coming weeks as hog prices remain seasonally elevated. We see a...
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Bank of America Merrill Lynch Discusses Tobacco Stocks
Friday, June 17, 2011 - 7:47am | 148Bank of America Merrill Lynch is out with a research note on tobacco stocks, particularly Lorillard (NYSE: LO). It has a $124 price target on shares. In a note to clients Bank of America Merrill Lynch writes, "Tobacco stocks, particularly Lorillard, have seen some relief in the last couple of...