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Credit Suisse Updates 6/17
Friday, June 17, 2011 - 7:32am | 714Credit Suisse made a number of updates in today's research report. Diana Shipping (NYSE: DSX) was downgraded to Underperform from Outperform. At the same time, its price target was reduced to $8 from $15. In the report, Credit Suisse states, "We are downgrading DSX to Underperform (from...
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Citigroup Raises PT On Kroger To $26
Friday, June 17, 2011 - 7:01am | 25Citigroup has raised the price target on Kroger (NYSE: KR) from $23 to $26 and maintains its Hold rating.
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Jefferies Raises PT On Kroger To $28
Friday, June 17, 2011 - 6:11am | 26Jefferies & Company has raised the price target on Kroger (NYSE: KR) from $27 to $28 and maintains its Buy rating.
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Jefferies Raises PT On Smithfield Foods To $25
Friday, June 17, 2011 - 6:07am | 27Jefferies & Company has raised the price target on Smithfield Foods (NYSE: SFD) from $24 to $25 and maintains its Buy rating.
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Mad Money Lightning Round: Cramer Likes Chevron, Annaly Capital
Friday, June 17, 2011 - 12:05am | 265On CNBC's Mad Money, Jim Cramer said during the Lightning Round that RealD (NYSE: RLD) is “way too risky for me." Cramer believes that Chevron (NYSE: CVX) is a “3% yielder going to 4%. If you can take the pain of oil coming down, I would hold onto it." He believes that Partner Communications' (...
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Central Garden & Pet Approves $100 Million Share Repurchase Program
Thursday, June 16, 2011 - 4:38pm | 73Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) today announced that the Company's Board of Directors has authorized a new $100 million share repurchase program. Central may repurchase shares of its common stock on the open market at times and prices considered appropriate by...
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High Yield Royalty Trusts: Enticing, But Not Necessarily for Retirement Portfolios
Thursday, June 16, 2011 - 4:18pm | 4044As our population ages, the quest for income to fund retirement has never been greater. With interest rates at or near all-time lows, the traditional fixed income option does not provide enough yield to meet the needs of most people desirous of living off their portfolio income. Consequently,...
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Bottom-Picking - Leave It to the Proctologists 06-16-2011
Thursday, June 16, 2011 - 3:54pm | 1053Cusick's Corner I am not going to try to pick a bottom here but the landscape of the market is bearish. This move to the downside has potentially raised consumer hopes that this recent pullback in crude might (and I stress MIGHT) be reflected at the pump but I am not holding my breath. The equity...
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Options Brief: Smithfield Foods, Inc.
Thursday, June 16, 2011 - 3:47pm | 89Shares of Smithfield Foods, Inc. (NYSE: SFD) are higher on the session by 6.42%, trading at $21.70. Overall call volume is now running at 2.95x the daily average, with 47% of all calls traded being purchases on the offer. 2,916 contracts have traded on the session so far. Smithfield Foods, Inc...
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Coffee Holding Up Another 9% Today
Thursday, June 16, 2011 - 3:38pm | 64Coffee Holding Co., Inc. (NASDAQ: JVA) shares have been one of, if not the strongest stock in the NASDAQ in the month of June after it reported blow out earnings earlier this month. Shares are up another 9% today, gaining $1.27 to $14.00, a gain of 9.98% on 1.4 million shares today. The average...
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Puts Purchased on Sysco Corporation
Thursday, June 16, 2011 - 1:18pm | 117Shares of Sysco Corporation (NYSE: SYY) are higher on the session by 1.02%, currently trading at $30.76. The stock has been moving largely higher over the past three months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while...
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Revlon Completes 2011 Revolving Credit Facility Refinancing
Thursday, June 16, 2011 - 1:09pm | 114Revlon, Inc. (NYSE: REV) today announced that its wholly-owned operating subsidiary, Revlon Consumer Products Corporation consummated the previously-disclosed refinancing of its existing revolving credit facility. Under the new $140 million revolving credit facility, the interest rate spread over...
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Sanderson Farms Adds Another 4%
Thursday, June 16, 2011 - 1:03pm | 106Shares of Sanderson Farms (NASDAQ: SAFM) are up another 4% on Thursday to $44.83. The stock has jumped more than 8% in the last 5 trading days. Sanderson Farms trades at a trailing P/E of 31.41 and a forward P/E of 15.77. The median Wall Street price target on the stock is $46.50 with a high target...
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Acasti Pharma Announces Rights Offering and Grants Options, Neptune Technologies & Bioressources Declares Dividend of Acasti Rights
Thursday, June 16, 2011 - 12:40pm | 150Acasti Pharma (Nasdaq: NEPT) announces that it will issue to the holders of its outstanding Class A Shares of record at the close of business on July 5, 2011 transferable rights to subscribe for Class A Shares on the terms set forth in a Rights Offering Circular. Rights will be evidenced by...
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Options Brief: Cosan Limited
Thursday, June 16, 2011 - 10:50am | 101Shares of Cosan Limited (NYSE: CZZ) are lower on the session by 0.03%, trading at $12.30. Overall put volume is now running at 2.07x the daily average, with 38% of all puts traded being purchases on the offer. 1,290 contracts have traded on the session so far. Cosan Limited is a holding company...