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Archer Daniels Midland to Invest in Sustainable Palm Production in Brazil
Wednesday, February 9, 2011 - 11:02am | 83Archer Daniels Midland Company (NYSE: ADM) today announced plans to invest in sustainable palm production in Brazil. Spanning five years, the ADM investment will encompass approximately 12,000 hectares of palm production in the state of Pará and include the construction of a palm processing plant...
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Calls Purchased on Darling International (DAR)
Tuesday, February 8, 2011 - 2:32pm | 160Shares of Darling International (NYSE: DAR) are higher on the session by 0.91%, currently trading at $14.39. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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Jefferies Finds Corn Products International To Meet Expectations (CPO)
Tuesday, February 8, 2011 - 11:06am | 113Corn Products International (NYSE: CPO) is set to report Q4 results on February 17, 2011. Jefferies is “looking for 4Q10 EPS of $0.80, including approximately $0.15 per share of accretion from the National Starch acquisition, which closed on October 1, 2010.” “4Q EPS should meet Street expectations...
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Jefferies Expects EPS Upside From Bunge (BG)
Tuesday, February 8, 2011 - 10:46am | 97Jefferies optimistic about Bunge (NYSE: BG) beating Street EPS estimates. Jefferies summarizes the EPS upside to “be driven by: 1) the return of consolidated system volume growth, 2) strong global ag trade, which should benefit spreads and 3) our view that BG was favorably positioned with key...
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Before It Happens: Next Week's Top ETF Plays
Friday, February 4, 2011 - 4:39pm | 362Last week in our "before it happens" column, we examined some noteworthy ETF trades that would be in play on the back of earnings reports. This week, we're going to mix things up a bit and look for some ETFs that could move outside of earnings. Don't worry, we also have a few earnings plays that...
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BB&T Capital Comments on Banana Market (DOLE, FDP)
Thursday, February 3, 2011 - 10:57am | 214BB&T Capital is out with a report on the banana market after Cyclone Yasi hit Queensland. In a note to clients, BB&T Capital writes, "Queensland, Australia, which is the locus of the continent's banana and sugar production, was recently devastated by Category 5 Tropical Cyclone Yasi. It is...
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Money Flows Out of Bonds into Equities 02-01-2011
Tuesday, February 1, 2011 - 5:49pm | 809Cusick's Corner While the City of Chicago hunkers down for the snowstorm of the decade, the bond market is covering up like Rocky when he fought Apollo Creed in Rocky I. This is important for the market, the money that is moving out of bonds needs to work somewhere and US equities continue to be...
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Frosty the Joe Man 02-01-2011
Tuesday, February 1, 2011 - 3:44pm | 947Cusick's Corner This is Frosty the Joe Man reporting on “Snowmageddon 2011” and being the contrarian -- I am a seller of firewood. With that said, this may actually be the worst snowstorm in Chicago since ‘67 & ‘99 but I digress from a hot market. Right now we are at levels that we have not...
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Archer Daniels: Emerging Markets Food Play
Tuesday, February 1, 2011 - 3:00pm | 123Archer Daniels Midland's (NYSE: ADM) stock, first discussed here on March 25, 2009, at a price of $28.78, has pulled back slightly after testing the $35 level, but the outlook remains good for additional gains. Archer should record a 3% to 5% revenue increase in FY2011, as global demand for food...
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Archer Daniels Surprises - Analyst Blog
Tuesday, February 1, 2011 - 1:39pm | 530Archer Daniels Midland Company (ADM) reported robust second quarter 2011 results. Net income for the reported quarter was $732 million or $1.14 per share compared with $567 million or 88 cents in the year-ago quarter. Quarterly earnings also outpaced the Zacks Consensus Estimate of 77 cents per...
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Archer Daniels Surprises - Analyst Blog
Tuesday, February 1, 2011 - 1:15pm | 530Archer Daniels Midland Company (ADM) reported robust second quarter 2011 results. Net income for the reported quarter was $732 million or $1.14 per share compared with $567 million or 88 cents in the year-ago quarter. Quarterly earnings also outpaced the Zacks Consensus Estimate of 77 cents per...
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Investors Feast on ADM Following Earnings Report
Tuesday, February 1, 2011 - 11:41am | 123All in all, Archer Daniels Midland (NYSE: ADM) posted a stellar second-quarter earnings report. Net income came to $732 million or $1.14 per share. This compares to $567 million, or $0.88 per share in the same period a year ago. The Street was looking for $0.78 per share. Revenues rose by 32% to $...
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News Summary
Tuesday, February 1, 2011 - 9:32am | 239Shares of Archer Daniels Midland Co (NYSE: ADM) advanced about 7% after the company reported Q2 results. The company's net profit increased to $1.14 per share, from $0.88 per share, in the year-ago period. ADM reported its sales at $20.93 billion, up from $15.91 billion, in the year-ago quarter....
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Deutsche Bank Issues Alert On Archer Daniels Midland (ADM)
Tuesday, February 1, 2011 - 9:19am | 129Deutsche Bank has published a research report today on Archer Daniels Midland (NYSE: ADM) following Archer Daniels Midland's F2Q11 EPS. The company reported its EPS at $1.06, handily beating Deutsche Bank's estimate of $0.71, and analyst consensus of $0.78. In the report, Deutsche Bank states, "ADM...
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Archer Daniels Reports Better-Than-Expected Q2 Earnings
Tuesday, February 1, 2011 - 7:08am | 57Archer Daniels Midland Company (NYSE: ADM) reports its Q2 EPS at $1.14, versus the consensus of $0.79. ADM reports its Q2 revenue at $20.92 billion, versus the consensus of $17.42 billion. ADM shares gained 0.55% to $32.85 in after-hours trading. Read more from Benzinga's Company news.