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Hormel Upgraded to Outperform - Analyst Blog
Monday, December 27, 2010 - 1:00pm | 412We upgrade our recommendation on Hormel Foods Corporation (HRL) from Neutral to Outperform based on the expectations of an increase in market demand and food prices in future. The gradual market recovery, which has been witnessed in fiscal 2010, is expected to show significant results in the...
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News Summary
Monday, December 27, 2010 - 10:32am | 173The US dollar dropped as China lifted its lending and deposit rates. The dollar index (DXY) fell 0.12% to 80.40, compared with 80.487 late Thursday. Against the greenback, the euro gained 0.1678% to $1.3135, versus $1.3114 in North American trading Thursday. Shares of Cal-Maine Foods Inc (NASDAQ:...
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Company News for December 27, 2010 - Corporate Summary
Monday, December 27, 2010 - 10:30am | 680• Boeing (NYSE:BA) is planning to restart test flights of its problem-prone Dreamliner on Thursday, and revealing the extent of its seventh delivery schedule delay in January • According to this week's issue of Barron's, Cisco (NASDAQ:CSCO) is currently trading at an "unmerited discount." The...
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Company News for December 27, 2010 - Corporate Summary
Monday, December 27, 2010 - 10:18am | 680• Boeing (NYSE:BA) is planning to restart test flights of its problem-prone Dreamliner on Thursday, and revealing the extent of its seventh delivery schedule delay in January • According to this week's issue of Barron's, Cisco (NASDAQ:CSCO) is currently trading at an "unmerited discount." The...
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A Peek Into The Market Before The Trading Starts
Monday, December 27, 2010 - 9:06am | 571Pre-open movers US stock futures are lower this morning as China lifted its key lending and deposit rates. Futures for the Dow Jones Industrial Average dropped 40 points to 11,482 and those for the S&P 500 index fell 5.70 points to 1,247. Futures for the Nasdaq 100 index dipped 4.75 points to 2...
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Cal-Maine Foods Misses Estimates (CALM)
Monday, December 27, 2010 - 8:49am | 114Cal-Maine Foods, Inc. (NASDAQ: CALM) missed estimates, saying it earned 63 cents per share in its second quarter, compared to Wall Street estimates of 72 cents per share. Revenues were better than expected, coming in at $234.5 million versus estimates of $231.2 million. "The current and expected...
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Cal-Maine Foods Reports Q2FY11 EPS of $0.64
Monday, December 27, 2010 - 8:20am | 80Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced results for the second quarter and six months ended November 27, 2010. Net sales for the second quarter of fiscal 2011 were $234.5 million compared with net sales of $229.2 million for the same quarter of fiscal 2010. The Company reported net...
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Cal-Maine Foods Posts Mixed Results (CALM)
Monday, December 27, 2010 - 8:16am | 249Cal-Maine Foods, Inc. (Nasdaq: CALM) announced on Thursday morning that it missed consensus Wall Street earnings estimates, while beating revenue expectations. President and chief executive officer Dolph Baker said, “The financial results for the second quarter of fiscal 2011 reflect recent...
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US Stock Futures Down As China Lifts Key Rates
Monday, December 27, 2010 - 8:05am | 294US stock futures are lower this morning as China lifted its key lending and deposit rates. Futures for the Dow Jones Industrial Average dropped 28 points to 11,494.00 and those for the S&P 500 index fell 3.60 points to 1,249.40. Futures for the Nasdaq 100 index dipped 2.25 points to 2,228.25....
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CALM Reports Q2 Results
Monday, December 27, 2010 - 7:52am | 56Cal-Maine Foods (NASDAQ: CALM) reports its Q2 diluted EPS at $0.63, versus the consensus of $0.72. CALM reports its Q2 revenue at $234.5 million, versus the estimates of $231.19 million. CALM shares gained 0.02% to $33.83 in after-hours trading. Read more from Benzinga's Company news.
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Stocks To Watch For December 27 (CALM, NKE, LCC, UAL, AMR, APWR)
Monday, December 27, 2010 - 5:52am | 219Some of the stocks that may grab investor focus today are: Wall Street expects Cal-Maine Foods Inc (NASDAQ: CALM) to report its Q2 EPS at $0.76 on revenue of $231.19 million. CALM shares gained 0.02% to $33.83 in after-hours trading. Shares of Nike (NYSE: NKE) fell more than 4% in the previous week...
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Hormel Foods Corp. (HRL) - Bull of the Day
Monday, December 27, 2010 - 3:03am | 170We upgrade our recommendation on Hormel Foods (HRL) from Neutral to Outperform based on the expectations of an increase in market demand and food prices in future. Hence, the first quarter and fiscal 2011 Zacks estimate went up by $0.09 and $0.15 per share, respectively. With several acquisitions...
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Hormel Foods Corp. (HRL) - Bull of the Day
Monday, December 27, 2010 - 1:00am | 170We upgrade our recommendation on Hormel Foods (HRL) from Neutral to Outperform based on the expectations of an increase in market demand and food prices in future. Hence, the first quarter and fiscal 2011 Zacks estimate went up by $0.09 and $0.15 per share, respectively. With several acquisitions...
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Tootsie Roll Industries Hit Fresh 52-Week High (TR)
Thursday, December 23, 2010 - 4:51pm | 22Tootsie Roll Industries (NYSE: TR) hit a fresh 52-week High in today's trading session.
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Benzinga's Top Downgrades (WBD, ERIC, NDAQ, HOV)
Thursday, December 23, 2010 - 9:19am | 135Wimm-Bill-Dann Foods OJSC (NYSE: WBD) was downgraded by Nomura from “buy” to “neutral.” WBD's shares closed at $32.76 yesterday. WBD's PEG ratio is 1.70. Ericsson (NASDAQ: ERIC) was downgraded by Goldman from “buy” to “neutral.” ERIC's stock closed at $11.41 yesterday. Ericsson's trailing-twelve-...