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Chop & Pop 07-20-2011
Wednesday, July 20, 2011 - 1:38pm | 1108Cusick's Corner This market pops on bad news, chop and then pop in spite of negative sentiment for fear of missing the next leg up. This is the grinding, choppy segment after the poor data and continued debt fears here and across the Pond. So what to do? Well volatility has pulled back this week...
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UPDATE: Clorox Company Confirms Receipt of Revised Unsolicited Conditional Proposal From Carl Icahn for $80/Share
Wednesday, July 20, 2011 - 11:36am | 62The Clorox Company (NYSE: CLX) today confirmed it has received a revised unsolicited conditional proposal from Icahn Enterprises L.P. to acquire the company for $80.00 per share, subject to due diligence, financing and other conditions. Clorox's board of directors, in consultation with its...
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Clorox Confirms Icahn Offer
Wednesday, July 20, 2011 - 11:35am | 62The Clorox Company (NYSE: CLX) today confirmed it has received a revised unsolicited conditional proposal from Icahn Enterprises L.P. to acquire the company for $80.00 per share, subject to due diligence, financing and other conditions. Clorox's board of directors, in consultation with its...
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Earnings Preview: Kimberly-Clark EPS, Revenue Expected to Rise from Previous Quarter
Wednesday, July 20, 2011 - 10:35am | 486Kimberly-Clark (NYSE: KMB) releases its next round of earnings this Monday, July 25, 2011. Here is Benzinga's everything-that-matters guide for this Monday's second quarter earnings announcement. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of $1.15...
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Stocks to Watch for Wednesday 7/20/2011: Fresh 52 Week Highs and Lows
Wednesday, July 20, 2011 - 12:51am | 3102Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Apple (NASDAQ: AAPL): Shares of Apple...
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Dow Jones Industrial Average Companies Increase Expected Dividend Distribution by 12.66% From a Year Ago
Tuesday, July 19, 2011 - 9:14am | 546The Dow Jones Industrial Average's 30 component companies are expected to increase their annual dividend payout by 12.66% year-over-year and 2.93% from the previous quarter, according to a second-quarter 2011 survey by Dow Jones Indexes. DJIA component companies' $101.6 billion expected...
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Benzinga's Top Pre-Market Gainers
Tuesday, July 19, 2011 - 6:58am | 125Harley-Davidson Inc (NYSE: HOG) shares advanced 5.02% to $43.49 in the pre-market session. HOG reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. Clorox Company (The) (NYSE: CLX) shares advanced 3.23% to $75.40 in the pre-market session...
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I Can't: Clorox Board Unanimously Rejects Carl Icahn's Bid
Tuesday, July 19, 2011 - 5:50am | 200Noting that the proposal from Carl Icahn to acquire Clorox (NYSE: CLX) "substantially undervalues the company," the Clorox Company announced Monday that its board of directors unanimously rejected the offer. "Our board has unanimously determined Mr. Icahn's unsolicited proposal is neither credible...
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Bank of America Removes Rating On Clorox
Tuesday, July 19, 2011 - 4:58am | 57Bank of America has removed its rating on Clorox (NYSE: CLX) after the company's board rejected Carl Icahn's offer of $76.50/share, stating that the proposal was “neither credible nor adequate,” and noting that that staying the course [of] its existing plan is the best course of action for...
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Support Held 07-18-2011
Monday, July 18, 2011 - 4:58pm | 1009Cusick's Corner Support held, 1295 on the S&Ps, and we finished the day above 1300 which is the psychological support, bringing this index, followed by the other majors, above the mid-term support of their 50-day moving averages. Tomorrow the market will focus on the Housing Starts and Permits...
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The Clorox Company Adopts Stockholder Rights Plan
Monday, July 18, 2011 - 4:44pm | 110The Clorox Company (NYSE: CLX) today announced that its board of directors has unanimously adopted a stockholder rights plan (the "Rights Plan" or "Plan") and declared a dividend of one right on each outstanding share of Clorox's common stock. The Rights Plan is designed to assure that all of...
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Stocks Going Ex Dividend the Fourth Week of July
Monday, July 18, 2011 - 12:58pm | 732Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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UPDATE: Oppenheimer Downgrading Clorox
Monday, July 18, 2011 - 7:39am | 106Oppenheimer & Co. is out with a research report on Clorox (NYSE: CLX) and is downgrading the name to Perform from Outperform. In a note to clients, Oppenheimer & Co. writes, "We are downgrading CLX to Perform from Outperform and suggest investors use Friday's strength and all-time high...
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Benzinga's Top Downgrades
Monday, July 18, 2011 - 7:11am | 137Analysts at JP Morgan downgraded LinkedIn Corporation (NYSE: LNKD) from “overweight” to “neutral.” LNKD's stock closed at $109.97 on Friday. LinkedIn's PEG ratio is -16.55. Analysts at Oppenheimer downgraded Clorox Corp (NYSE: CLX) from “outperform” to “perform.” CLX's shares closed at $74.55 on...
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Oppenheimer Downgrades Clorox
Monday, July 18, 2011 - 7:05am | 102Oppenheimer has published a report on Clorox (NYSE: CLX) downgrading the company. In the report, Oppenheimer wrote that, "We are downgrading CLX to Perform from Outperform and suggest investors use Friday's strength and all-time high stock price to take profits on the heels of Carl Icahn's bid for...