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Benzinga's Top ETF Decliners, August 23rd (SOXS, ERY, FSG, SQQQ)
Tuesday, August 23, 2011 - 6:29pm | 195Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) led the decliners among the ETFs on Tuesday, with a 15.59% loss. SOXS closed at $90.25, and it had a volume of 90K traded shares. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) fell 13.70%, and closed at $18.45. In the energy space,...
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Benzinga's Top ETF Gainers, August 23rd (SOXL, TNA, ERX, TQQQ)
Tuesday, August 23, 2011 - 6:10pm | 179Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded 15.30% higher on Tuesday as NVIDIA Corporation (NASDAQ: NVDA) spiked 10.80%, and Advanced Micro Devices, Inc. (NYSE: AMD) gained 7.44%. Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) traded higher today, along with the...
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The Hain Celestial Group Trades Lower on Q4 Earnings Results
Tuesday, August 23, 2011 - 3:56pm | 181Shares of The Hain Celestial Group (NASDAQ: HAIN) are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 1.20%, trading at $30.49; they ended the regular session higher by 8.85%, at $30.86. The Hain Celestial Group reported...
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Zings Of The Day, August 23, 2011
Tuesday, August 23, 2011 - 2:38pm | 105UBS AG (NYSE: UBS) said it will cut 3,500 jobs to save 2 billion Swiss francs ($2.5 billion) in annual costs. It will then funnel those savings to tax evaders. So in other words, nothing new. H.J. Heinz Co. (NYSE: HNZ) shares fell today after the company repeated its forecast for full-year...
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Citigroup Maintains Buy Rating On HJ Heinz Following F1Q12 Beat
Tuesday, August 23, 2011 - 8:08am | 110Citigroup has published a research report on HJ Heinz (NYSE: HNZ) after the company reported sales growth that exceeded expectations for the quarter. In the report, Citigroup writes, "Heinz produced F1Q12 EPS of 78c versus consensus estimates of 75c and year ago earnings which also came in at 75c...
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Earnings Roundup
Tuesday, August 23, 2011 - 8:03am | 1170H.J. Heinz Co (NYSE: HNZ) reported a decline in its fiscal first-quarter profit. Heinz's quarterly profit dropped to $226.1 million, or $0.70 per share, from $240.4 million, or $0.76 per share, in the year-earlier period. Its sales climbed to $2.85 billion from $2.48 billion. Excluding special...
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Bank of America Reviews Earnings at H.J. Heinz Company
Tuesday, August 23, 2011 - 7:48am | 111Bank of America has published a research report on H.J. Heinz Company (NYSE: HNZ) reviewing earnings at the company. In the report, Bank of America wrote, "HNZ reported 1Q results this morning. Comparable EPS was $0.78 versus our $0.75 forecast and $0.76 consensus. Results were mixed. Positives...
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Financial Breakfast: Morning News Summary for August 23, 2011
Tuesday, August 23, 2011 - 6:47am | 690This is your Benzinga news summary and traders' outlook for Tuesday, August 23, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. At last check, Dow futures are up about 100 points and the U.S....
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UPDATE: Heinz Reports Drop In FQ1 Profit
Tuesday, August 23, 2011 - 6:44am | 90H.J. Heinz Co (NYSE: HNZ) reported a decline in its fiscal first-quarter profit. Heinz's quarterly profit dropped to $226.1 million, or $0.70 per share, from $240.4 million, or $0.76 per share, in the year-earlier period. Its sales climbed to $2.85 billion from $2.48 billion. Excluding special...
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Benzinga's Top Upgrades
Tuesday, August 23, 2011 - 6:31am | 137Analysts at Jefferies & Company upgraded Aetna Inc (NYSE: AET) from “hold” to “buy.” Aetna's shares closed at $35.23 yesterday. Aetna's PEG ratio is 0.67. Analysts at Bank of America upgraded US Airways Group Inc (NYSE: LCC) from “neutral” to “buy.” LCC's shares closed at $5.11 yesterday. US...
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Kellogg Company and Alliance Data's Epsilon Business Enter Agreement to Enhance CRM Initiatives
Tuesday, August 23, 2011 - 6:31am | 135Kellogg Company (NYSE: K) has partnered with Epsilon, a subsidiary of Alliance Data Systems Corporation (NYSE: ADS) to help enhance Kellogg's CRM activities. Under the terms of the new agreement, Epsilon will build and host a global real-time consumer web portal and preference engine where...
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UPDATE: J.P. Morgan Upgrades Sanderson Farms to Neutral
Tuesday, August 23, 2011 - 6:19am | 100J.P. Morgan is out with its report today on Sanderson Farms (NASDAQ: SAFM), upgrading SAFM to Neutral from Overweight. In its report, J.P. Morgan writes, "We are upgrading SAFM shares to Neutral from Underweight, as the stock is at our Dec-11 price target of $39. Though we continue to see downside...
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US Stock Futures Signal Higher Start On Wall Street
Tuesday, August 23, 2011 - 5:44am | 341US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 119 points to 10,966.00 and S&P 500 index futures rose 14.30 points to 1,137.60. Nasdaq 100 futures gained 25.00 points to 2,069.00. US stocks closed higher on Monday, with the Dow Jones Industrial...
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JP Morgan Upgrades Sanderson Farms To Neutral, $39 PT
Tuesday, August 23, 2011 - 5:12am | 26JP Morgan has upgraded Sanderson Farms (NASDAQ: SAFM) from Underweight to Neutral and has established a $39 price target.
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Top 4 Large-Cap Stocks In The Processed & Packaged Goods Industry With The Highest Operating Margin
Tuesday, August 23, 2011 - 2:38am | 134Below are the top large-cap processed & packaged goods stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Mead Johnson Nutrition Company (NYSE: MJN) is 23.25%. MJN's revenue for the same period is $3.45 billion. The trailing-twelve-...