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Neutral on H.J. Heinz Co. - Analyst Blog
Monday, December 6, 2010 - 7:13pm | 582We recently reiterated our Neutral recommendation on H.J. Heinz Co. (HNZ). Heinz reported an EPS of 78 cents per share for the second quarter of fiscal 2011, beating the Zacks Consensus Estimate of 76 cents. The EPS was also 2.6% up compared to 76 cents in the year-ago period. Revenues were $2....
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New Target Date for HGSI's Benlysta - Analyst Blog
Monday, December 6, 2010 - 5:00pm | 614Recently, the US Food and Drug Administration (FDA) extended the review period for potential blockbuster lupus drug candidate, Benlysta, co-developed by Human Genome Sciences Inc. (HGSI) and GlaxoSmithKline plc (GSK), by three months. The US regulatory agency, which was to decide on Benlysta's...
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New Target Date for HGSI's Benlysta - Analyst Blog
Monday, December 6, 2010 - 4:39pm | 614Recently, the US Food and Drug Administration (FDA) extended the review period for potential blockbuster lupus drug candidate, Benlysta, co-developed by Human Genome Sciences Inc. (HGSI) and GlaxoSmithKline plc (GSK), by three months. The US regulatory agency, which was to decide on Benlysta's...
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ETFs For BCS Bowl Games
Monday, December 6, 2010 - 4:31pm | 422Consider this more an exercise in fun than a legitimate trade thesis, but with college bowl season upon us, the Professor thought it would be interesting to make a mock portfolio based on the sponsors of the four most prestigious bowl games (Rose, Sugar, Fiesta and Orange) and the BCS National...
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NASDAQ Stocks Hitting 52-Week Highs (ALSK, AGII, DAKT, JJSF)
Monday, December 6, 2010 - 12:47pm | 150Alaska Communications Systems (NASDAQ: ALSK) shares reached $10.86 to create a new 52-week high, before falling to $10.84, representing a 0.46% gain. ALSK's Chief Operating Officer Anand Vadapalli has been named as the new president and CEO. Argo Group International Holdings Ltd (NASDAQ: AGII)...
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Goldman Sachs Upgrades WBD To Neutral
Monday, December 6, 2010 - 9:42am | 42Analysts at Goldman Sachs upgrade Wimm-Bill-Dann Foods OJSC (NYSE: WBD) from "sell" to "neutral." WBD's shares gained 1.24% to close at $31.73 on Friday More Analyst Ratings here
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A Peek Into The Market Before The Trading Starts
Monday, December 6, 2010 - 9:22am | 448Pre-open movers US stock futures are lower, this morning following the strong rise in stocks last week. Futures on the Dow Jones Industrial Average lost 11 points to 11,353 and S&P 500 futures slipped 3.4 points to 1,220. Nasdaq 100 futures dropped 7 points at 2,180. A Peek Into Global Markets...
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John A. Bryant to Succeed David Mackay as Kellogg President and CEO
Monday, December 6, 2010 - 8:58am | 80Kellogg Company (NYSE: K) announced earlier today that David Mackay advised the Kellogg Board of Directors that he plans to retire as president, chief executive officer and director of the Company. The effective date of his retirement will be January 1, 2011. According to its succession plan, the...
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Coffee Price Hike Can't Stop J.M. Smucker (SJM)
Monday, December 6, 2010 - 8:47am | 194With coffee prices up 13% this year (and another increase on the way), J.M. Smucker Co. (NYSE: SJM) could be headed for tough times. While mostly known for jams and jellies, J.M. Smucker owns Folgers, one of the largest coffee brands in the world. Folgers accounts for 35% of J.M. Smucker's sales...
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Kraft Foods Announces Preliminary Injunction Against Starbucks
Monday, December 6, 2010 - 8:47am | 119Kraft Foods Inc. (NYSE: KFT) announced today that it is seeking a preliminary injunction in the U.S. District Court for the Southern District of New York against Starbucks Coffee Company (NASDAQ: SBUX) for violating terms of the roast and ground coffee agreement. Starbucks is attempting to...
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Top 4 Stocks In The Meat Products Industry With The Highest Profit Margin (BCPC, HOGS, SAFM, HRL)
Monday, December 6, 2010 - 5:39am | 122Below are the top meat product stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at Balchem Corporation (NASDAQ: BCPC) is 12.61%. BCPC's quarterly earnings surged 23.90% y/y. The trailing-twelve-month profit margin at Zhongpin Inc (NASDAQ: HOGS) is...
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Fitch Takes A Sip Out Of Pepsi's Ratings (PEP)
Friday, December 3, 2010 - 4:32pm | 83Fitch is cutting Pepsi's (NYSE: PEP) rating outlook to negative, but is keeping its rating at A+ after the North America beverage giant announced yesterday it would be buying a 66% stake in Wimm-Bill-Dann (NYSE: WBD) for $3.8 billion. "The negative outlook reflects that PepsiCo's leverage is...
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Options Brief: H. J. Heinz Company (HNZ)
Friday, December 3, 2010 - 11:22am | 95Shares of H. J. Heinz Company (NYSE: HNZ) are lower on the session by 0.08%, trading at $48.72. Overall put volume is now running at 3.83x the daily average, with 0% of all puts traded being purchases on the offer. 2,719 contracts have traded on the session so far. H. J. Heinz Company, together...
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Stock Market News for December 3, 2010 - Market News
Friday, December 3, 2010 - 10:30am | 1085Stocks advanced for a second straight day as better-than-anticipated retail sales and housing data continued to point toward economic strength. European Central Bank's assertion that it would not abandon its plan to buy government bonds helped contain eurozone worries, helping stocks extend their...
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Stock Market News for December 3, 2010 - Market News
Friday, December 3, 2010 - 5:16am | 1085Stocks advanced for a second straight day as better-than-anticipated retail sales and housing data continued to point toward economic strength. European Central Bank's assertion that it would not abandon its plan to buy government bonds helped contain eurozone worries, helping stocks extend their...