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Benzinga’s Top Downgrades (COCO, ATML, DEG, LINC)
Monday, August 16, 2010 - 6:56am | 154Corinthian Colleges Inc (NASDAQ: COCO) was downgraded by Deutsche Bank from “buy” to “hold.” COCO’s shares closed at $6.66 on Friday. Corinthian Colleges’ 52-week trading range is $7.01 - $20.29. FBR Capital downgraded Atmel Corporation (NASDAQ: ATML) from "outperform" to "market perform." ATML’s...
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ING Group Downgrades DEG To Hold
Monday, August 16, 2010 - 4:52am | 42Analysts at ING Group downgrade Delhaize Group (NYSE: DEG) from "buy" to "hold." DEG’s shares dipped 11.23% to close at $66.30 on Friday. More Analyst Ratings here
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Afternoon Market Update (JCP, GAP, UNCA, IBM)
Friday, August 13, 2010 - 12:55pm | 246JC Penney Co (NYSE: JCP) swung to profit in its second quarter, driven by gains in comparable sales, along with a fall in pension-plan expenses. However, the company issued weaker-than-expected projections for the third quarter and full year. Analyst Michelle Clark at Morgan Stanley mentioned, “...
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Jefferies Reiterates Buy Rating on Susser Holdings (SUSS)
Thursday, August 12, 2010 - 8:40am | 141Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on Susser Holdings (NASDAQ: SUSS); it has a $14.00 price target on the stock. The Jefferies analysts cited the company’s recent earnings report, which was better than expectations due to better...
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Special Reports Update: Top Insider Purchases for 8/11/2010
Thursday, August 12, 2010 - 3:55am | 1043Top Insider Purchases – August 11, 2010: The insider purchases by the management team at MEMC Electronic Materials (WFR) that we discussed over the last couple of days was also highlighted in an article in the Wall Street Journal yesterday titled MEMC Buying Seen as ‘Very Positive Sign’. This did...
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Wal-Mart Hiking Prices for Consumers: J.P. Morgan (WMT)
Tuesday, August 10, 2010 - 10:22am | 166Wal-Mart Stores (NYSE: WMT) has raised average prices at its stores by about 6% in a month, a recent J.P. Morgan study found. According to a Reuters report, "A check by J.P. Morgan Securities said average prices at the Wal-Mart Supercenter in Virginia were upped by 5.8%, the most significant...
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Company News for August 10, 2010 - Corporate Summary
Tuesday, August 10, 2010 - 8:44am | 654• KKR (NYSE:KKR) withdrew its $500 million stock offering, citing weak market conditions • Credit Suisse (NYSE: CS) downgraded Royal Bank of Scotland (NYSE: RBS) from "outperform" to "neutral" • UBS (NYSE: UBS) upgraded Whole Foods (NASDAQ: WFMI) to "buy" from "neutral," with a price target of $45...
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Benzinga’s Top Upgrades (WFMI, TI, AKAM, MAC)
Tuesday, August 10, 2010 - 6:08am | 149Whole Foods Market Inc (NASDAQ: WFMI) was upgraded by UBS from "neutral" to "buy." WFMI’s shares closed at $36.47 yesterday. Whole Foods Market’s quarterly earnings rose 52.94% y/y. Barclays Capital upgraded Telecom Italia (NYSE: TI) from "equal weight" to "overweight." TI’s shares closed at $13.49...
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Whole Foods Upgraded At Canaccord Genuity (WFMI)
Monday, August 9, 2010 - 10:22am | 36Supermarket Whole Foods Market, Inc. (NASDAQ: WFMI) is being upgraded to Buy at Canaccord Genuity. Shares of Whole Foods Market are trading at $37.08, up 60 cents on the day.
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Initial Jobless Claims Bounce Back - Analyst Blog
Thursday, August 5, 2010 - 12:53pm | 1376The Initial Claims for Unemployment Insurance yo-yo headed back up this week, rising 19,000 to 479,000. The four-week moving average rose by 5,250 to 458,500. After a sharp decline in the second half of 2009 (see graph below), the four-week average has found a bumpy high plateau since the start of...
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Calls Purchased on Pantry Inc. (PTRY)
Thursday, August 5, 2010 - 11:56am | 132Shares of Pantry Inc. (NASDAQ: PTRY) are higher on the session by 5.87%, currently trading at $20.75. The stock has been moving largely higher over the past two weeks, rocketing to over $20, from $15, during that time period. Options traders are buying calls on the name today, perhaps as a hedge...
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July SSS Targets Missed By Most Retailers; Few Shine
Thursday, August 5, 2010 - 10:00am | 339Traditionally, the back-to-school shopping season starts with July, making it the second busiest shopping time of the year. However, the sales results from retailers for the month this year has came across as poor as consumers spending remained on leash due to uncertain employment outlook....
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Whole Foods Tops, Pares Forecast - Analyst Blog
Wednesday, August 4, 2010 - 3:10pm | 846Whole Foods Market Inc. (WFMI), one of the leading natural and organic foods supermarkets, recently posted better-than-expected third-quarter 2010 results on the back of strong sales as shoppers flocked to the grocery chain. Quarterly Discussion Whole Foods' quarterly earnings of 38 cents...
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BECKMAN COULTER (BEC) - Profit Tracks
Wednesday, August 4, 2010 - 9:30am | 537Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....
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Whole Foods In-Line With 3Q Consensus
Wednesday, August 4, 2010 - 8:06am | 79Whole Foods Market, Inc. (NASDAQ: WFMI) saw a 3Q EPS of $0.38 was in-line with consensus estimates, according to Deutsche Bank. Sales outlook is positive while margin expansion remains modest. Deutsche has raised FY10 guidance to a range of $1.37-1.39 from $1.33-1.37, and has also provided a...