-
Risk On Trade 11-18-2010
Thursday, November 18, 2010 - 7:49pm | 749Cusick's Corner The market held its gains, the Dollar pulled back and commodities bounced off critical mid-term support. The risk on trade, equities, is still in play with the focus now off of EU and China (at least until tomorrow). Speaking of tomorrow, it is Expiration Friday, so there could be...
-
Earnings Preview: Heinz - Analyst Blog
Thursday, November 18, 2010 - 5:30pm | 637H.J. Heinz Company (HNZ), one of the leading manufacturer and marketer of processed food products worldwide, is scheduled to report its second-quarter 2011 financial results on Friday, November 19, 2010. The current Zacks Consensus Estimate for the quarter is 76 cents a share. First Quarter...
-
Smucker Beats Estimates - Analyst Blog
Thursday, November 18, 2010 - 5:00pm | 756The J.M. Smucker Company (SJM) delivered non-gaap earnings per share (EPS) of $1.38 for its second quarter fiscal 2011 ended October 31, 2010, outperforming the Zacks Consensus Estimate of $1.31 and the year-ago EPS of $1.22 cents. A lower tax rate and price increases drove the outperformance....
-
Del Monte Jumping On LBO Rumors (DLM)
Thursday, November 18, 2010 - 4:55pm | 53Del Monte Foods Company (NYSE: DLM) just started spiking, and is up nearly 10% on rumors that the company could be the subject of a LBO offer. At last check, shares were up $1.40 to $15.90 on more than 2.6 million shares. This is good for a gain of 9.6%.
-
Sovereign Debt Back on Front Burner 11-18-2010
Thursday, November 18, 2010 - 4:04pm | 867Cusick's Corner The Irish meet with the ECB and IMF today and the market feels that this is enough of a catalyst to retrace yesterday's pullback. The bulls appear to have a heightened sense of continued headline risk, especially if the Irish walk away from the ECB and IMF. This puts the sovereign...
-
J. M. Smucker Co. Down 1.7% On Revenue Miss (SJM)
Thursday, November 18, 2010 - 1:59pm | 226Shares of J. M. Smucker Company (NYSE: SJM) are currently down 1.7% at $61.96 per share during Thursday afternoon trading. Today's trading range for shares of J. M. Smucker Company has been between $60.46 and $63.73 per share. The consensus price target of analysts covering the company's stock is $...
-
The Rich Get Richer ... In Congress
Thursday, November 18, 2010 - 1:30pm | 331Those Bush tax cuts for the rich might matter a lot to 261 Congressmen. That's because they are millionaires, according to a new report from the Center for Responsive Politics, based on an analysis of 2009 financial disclosure forms. That means about half of the members of Congress are millionaires...
-
Campbell Raises Quarterly Dividend by 5% to $.29
Thursday, November 18, 2010 - 1:23pm | 60Campbell Soup Company (NYSE: CPB) today announced that the company's Board of Directors has approved a 5-percent increase in its quarterly dividend to $0.29 per share from $0.275 per share, effective in the second quarter of fiscal 2011. The dividend is payable on Jan. 31, 2011 to shareholders of...
-
Earnings Preview: Heinz - Analyst Blog
Thursday, November 18, 2010 - 11:51am | 637H.J. Heinz Company (HNZ), one of the leading manufacturer and marketer of processed food products worldwide, is scheduled to report its second-quarter 2011 financial results on Friday, November 19, 2010. The current Zacks Consensus Estimate for the quarter is 76 cents a share. First Quarter...
-
Smucker Beats Estimates - Analyst Blog
Thursday, November 18, 2010 - 11:27am | 756The J.M. Smucker Company (SJM) delivered non-gaap earnings per share (EPS) of $1.38 for its second quarter fiscal 2011 ended October 31, 2010, outperforming the Zacks Consensus Estimate of $1.31 and the year-ago EPS of $1.22 cents. A lower tax rate and price increases drove the outperformance....
-
RBC Capital Mkts. Changes Price Target on (PAY, NTAP, GIS)
Thursday, November 18, 2010 - 11:19am | 68RBC Capital Mkts. has changed its price target on the following companies: Verifone Systems (NYSE: PAY) with an increased price target from $25 to $35. NetApp (NASDAQ: NTAP) with a decreased price target from $61 to $56. General Mills (NYSE: GIS) with a decreased price target from $40 to $38.
-
Company News for November 18, 2010 - Corporate Summary
Thursday, November 18, 2010 - 10:33am | 527• GM (NYSE: GM) priced its IPO at the upper end of its range at $33 per share, and expanded the number of shares being offered to 478 million • Sears Holdings (NASDAQ: SHLD) reported a wider third quarter loss than expected at $1.98 versus the expected $1.07, on revenues of $9.68 billion, off...
-
Goldman Sachs Cautious On Companies With Chicken Exposure (TSN, SAFM)
Thursday, November 18, 2010 - 10:29am | 140Goldman Sachs said that it maintains a cautious trading bias on companies with chicken exposure – Tyson (NYSE: TSN) and Sanderson Farms, Inc. (NASDAQ: SAFM) – and takes a more constructive view on integrated hog producers – Smithfield Foods, Inc. (NYSE: SFD) – into earnings season. “Despite likely...
-
J. M. Smucker Earns $1.38 Per Share, Beats Estimates (SJM)
Thursday, November 18, 2010 - 9:22am | 218J. M. Smucker Company (NYSE: SJM) released financial results on Thursday morning that beat Wall Street estimates. J. M. Smucker Company announced that its 2nd quarter net income rose 7% to $149.7 million, or $1.25 per share, up from $140 million, or $1.18 per share, a year earlier. Excluding...
-
Company News for November 18, 2010 - Corporate Summary
Thursday, November 18, 2010 - 5:08am | 527• GM (NYSE: GM) priced its IPO at the upper end of its range at $33 per share, and expanded the number of shares being offered to 478 million • Sears Holdings (NASDAQ: SHLD) reported a wider third quarter loss than expected at $1.98 versus the expected $1.07, on revenues of $9.68 billion, off...