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Jefferies Lowers Kroger PT From $28.50 To $26; Lowers EPS Outlook
Monday, December 6, 2010 - 8:44am | 79Jefferies is lowering its EPS outlook for 4Q11, FY11 and FY12 to $0.43, $1.74 and $1.98 from $0.51, $1.83 and $2.18, respectively. “We still believe Kroger's (NYSE: KR) 4Q will be pretty good despite the huge variance seen with the company's guidance and its fairly bleak assessment of the consumer...
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Stock Market News for December 3, 2010 - Market News
Friday, December 3, 2010 - 9:30am | 1085Stocks advanced for a second straight day as better-than-anticipated retail sales and housing data continued to point toward economic strength. European Central Bank's assertion that it would not abandon its plan to buy government bonds helped contain eurozone worries, helping stocks extend their...
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Village Super Market, Inc. Declares Special Dividend of $1.25
Friday, December 3, 2010 - 8:44am | 56The Board of Directors of Village Super Market, Inc. (Nasdaq: VLGEA) announced the declaration of a special dividend of $1.25 per Class A common share and $.8125 per Class B common share. The dividends will be payable on December 28, 2010 to shareholders of record at the close of business on...
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Benzinga's Top Downgrades (MRVL, MTSC, SWY, BRCM)
Friday, December 3, 2010 - 8:17am | 147Marvell Technology Group Ltd (NASDAQ: MRVL) was downgraded by Goldman Sachs from "buy" to "neutral." MRVL's stock closed at $20.46 yesterday. Marvell Technology's 52-week trading range is $13.87-$22.87 MTS Systems Corporation (NASDAQ: MTSC) was downgraded by Janney Capital from "buy” to "neutral."...
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Barclays Capital Downgrades KR To Equal Weight
Friday, December 3, 2010 - 8:13am | 52Analysts at Barclays Capital downgrade The Kroger Co (NYSE: KR) from "overweight" to "equal weight." The target price for KR has been reduced from $24 to $21. KR's shares lost 9.35% to close at $21.63 yesterday. More Analyst Ratings here
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Deutsche Bank Decreases Price Target on Kroger (KR)
Friday, December 3, 2010 - 7:52am | 20Deutsche Bank decreases its price target on Kroger (NYSE: KR) from $28 to $26.
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Kroger's 3Q Results In-Line With Estimates
Friday, December 3, 2010 - 7:52am | 135Deutsche Bank has published a research report on The Kroger Co. (NYSE: KR) after the company reported 3Q results that were in-line with consensus. In the report, Deutsche Bank writes "Q3 EPS was in-line with Consensus, and mgmt narrowed FY10 EPS guidance, though w/ a wide range, reflecting...
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Stock Market News for December 3, 2010 - Market News
Friday, December 3, 2010 - 4:16am | 1085Stocks advanced for a second straight day as better-than-anticipated retail sales and housing data continued to point toward economic strength. European Central Bank's assertion that it would not abandon its plan to buy government bonds helped contain eurozone worries, helping stocks extend their...
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Some Long Positions May Need to Marry Puts 12-02-2010
Thursday, December 2, 2010 - 2:48pm | 1003Cusick's Corner The market continues to chug along and the Finance sector, XLF, continues to be the offensive leader. While the underlying action has been quite bullish, the option activity has been shifting to a 50/50 puts to calls positioning. What is notable and worth discussing again is that...
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Initial Jobless Claims Bounce Back - Analyst Blog
Thursday, December 2, 2010 - 12:31pm | 2244Initial Claims for Unemployment Insurance rose by 26,000 last week to 436,000 (last week was also revised up by 3,000, so one could see it as a 29,000 increase). This was worse than the expected level of 422,000. Last week's big surprise to the downside seems to have been a bit of a mirage. However...
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Kroger Reports in Line - Analyst Blog
Thursday, December 2, 2010 - 11:33am | 648The Kroger Company (KR), one of the largest grocery retailers, recently posted third-quarter 2010 results. The quarterly earnings of 32 cents a share came in line with the Zacks Consensus Estimate, and jumped 18.5% from 27 cents delivered in the prior-year quarter. The Zacks Consensus Estimate...
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News Summary
Thursday, December 2, 2010 - 9:48am | 166US Energy stocks rose, along with the wider equity markets. The NYSE Arca Oil Index (XOI) gained about 0.28%, while the NYSE Arca Natural Gas Index (XNG) rose about 0.32%. The Philadelphia Oil Service Index (OSX) moved up about 3.12%. Shares of Kroger Co (NYSE: KR) lost about 8% after the company...
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Kroger Reports Third Quarter EPS of $.32
Thursday, December 2, 2010 - 8:48am | 141The Kroger Co. (NYSE: KR) today reported total sales, which include fuel, increased 5.9% to $18.7 billion in the third quarter of fiscal 2010 compared with $17.7 billion for the same period last year. Excluding fuel sales, total sales increased 3.1% in the third quarter, which ended November 6,...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, December 2, 2010 - 8:30am | 341Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: China Finance Online Co (JRJC) China Sunergy Co Ltd (CSUN) Crawford & Co (CRD.B) Delhaize Group (DEG) Ecopetrol S.A. (EC) View the entire Zacks #1 Rank List. CRAWFORD & CO B (CRD.B): Free Stock Analysis Report CHINA...
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US Stock Futures Up As Investors Await Economic Data, All Eyes On ECB Meeting
Thursday, December 2, 2010 - 7:14am | 253US stock futures are higher, this morning rose as investors awaited economic data. Futures on the Dow Jones Industrial Average rose 28 points to 11,261.00, while S&P 500 index futures gained 3.80 points to 1,208.30. Nasdaq 100 futures surged 8.50 points to 2,167.00. US stock markets surged...