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Oppenheimer Downgrades Clorox, Removes PT
Monday, July 18, 2011 - 5:25am | 24Oppenheimer has downgraded Clorox (NYSE: CLX) from Outperform to Perform and has removed its $72 price target.
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Stocks To Watch For July 18
Sunday, July 17, 2011 - 11:10pm | 197Some of the stocks that may grab investor focus today are: Wall Street expects International Business Machines Corp (NYSE: IBM) to report its Q2 EPS at $3.03 on revenue of $25.35 billion. IBM shares gained 0.49% to $176.40 in after-hours trading. Analysts are expecting Charles Schwab Corporation...
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Buon Weekend! 07-15-2011
Friday, July 15, 2011 - 4:48pm | 961Cusick's Corner Overall the data and news were not so great today but corporate headlines supported this market. To keep track of this earnings cycle, go to the optionsXpress Research tab and click on the Earnings Calendar to get the listings of stocks coming out with earnings each day next week...
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Zings Of The Day July 15, 2011
Friday, July 15, 2011 - 2:40pm | 168Carl Ichan disclosed this morning that he wants to buy Clorox (NYSE: CLX) for $76.50 per share. I guess he's trying to get that smell of his failed bid for Blockbuster out. Google (NASDAQ: GOOG) blew past Wall Street's most bullish expectations, as it alleviated investor concerns about its battle...
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TGIF 07-15-2011
Friday, July 15, 2011 - 1:36pm | 1032Cusick's Corner Stocks opened higher on positive corporate news while the Consumer Price Index [CPI] for June fell .2 percent which is twice as much as expected. The market averages are pretty flat right now as we wind down to the final hours on Expiration Friday. Google (GOOG) and Mattel (MAT)...
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J.P. Morgan Suspends Rating On Clorox
Friday, July 15, 2011 - 12:05pm | 153J.P. Morgan Chase & Co. is out with a research report on Clorox (NYSE: CLX) and is suspending the rating and price target on shares in light of the Carl Icahn bid. In the report, J.P. Morgan writes, "Due to J.P. Morgan's involvement in the proposed acquisition announced on July 15, 2011, we...
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Benzinga's Top Pre-Market Gainers
Friday, July 15, 2011 - 7:12am | 134Petrohawk Energy Corp (NYSE: HK) shares advanced 63.77% to $38.47 in the pre-market session. BHP Billiton Ltd (NYSE: BHP) announced its plans to buy Petrohawk Energy for $12.1 billion in cash. Google Inc (NASDAQ: GOOG) shares advanced 12.87% to $597.00 in the pre-market session. GOOG reported...
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News Summary for July 15, 2011
Friday, July 15, 2011 - 6:53am | 571This is your Benzinga news summary and traders' outlook for Friday, July 15, 2011, covering headlines from overnight and Friday pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly higher despite a U.S. debt downgrade warning by the S&P. The U.S....
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A Peek Into The Market Before The Trading Starts
Friday, July 15, 2011 - 6:24am | 381Pre-open movers US stock futures are slightly higher this morning, after Google Inc (NASDAQ: GOOG) reported upbeat Q2 results. Standard & Poor's puts the US credit rating on review for a possible downgrade. Futures on the Dow Jones Industrial Average surged 29 points to 12,411.00 and futures on...
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UPDATE: Clorox Confirms Receipt of Unsolicited Conditional Proposal From Carl Icahn for $76.50 per Share
Friday, July 15, 2011 - 6:17am | 61The Clorox Company (NYSE: CLX) today confirmed it has received an unsolicited conditional proposal from Icahn Enterprises L.P. to acquire the company for $76.50 per share, subject to due diligence, financing and other conditions. Clorox's board of directors, in consultation with its financial and...
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J.P. Morgan Comments on Competitive Pressures Faced by WD-40 Company
Thursday, July 14, 2011 - 6:54am | 114J.P. Morgan has published a report on WD-40 Company(NASDAQ: WDFC) outlining CEO comments on innovation and expansion. WD-40 relayed lower than expected Earnings per Share than a year ago, with $0.47 versus $0.53. In the report, J.P. Morgan notes competitive pressure on WD-40 as well as higher...
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P&G Voluntary Recalls Certain Mouthwashes in Canada
Wednesday, July 13, 2011 - 3:44pm | 24The Procter & Gamble Company (NYSE: PG) is voluntarily recalling certain types of Oral-B mouthwash in Canada.
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 7:24pm | 1637Stocks 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) Adventrx Pharmaceuticals (NYSE: ANX...
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Benzinga's Top Downgrades
Tuesday, July 12, 2011 - 7:14am | 124Analysts at Deutsche Bank downgraded Alcatel-Lucent (NYSE: ALU) from “overweight” to “neutral.” Alcatel-Lucent's stock closed at $5.58 yesterday. Alcatel-Lucent's trailing-twelve-month profit margin is 1.04%. Analysts at FBR Capital downgraded ProLogis Inc (NYSE: PLD) from “outperform” to “market...
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A Peek Into The Market Before The Trading Starts
Tuesday, July 12, 2011 - 6:58am | 407Pre-open movers US stock futures are lower this morning, as debt fears moved to Italy. Futures on the Dow Jones Industrial Average dropped 96 points to 12,393.00 and futures on the S&P 500 stock index fell 14.20 points to 2,344.75. Nasdaq 100 futures declined 22.25 points to 2,344.75. A Peek...