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Earnings Roundup
Thursday, August 11, 2011 - 8:10am | 1122Elizabeth Arden Inc (NASDAQ: RDEN) reported a strong rise in its fiscal fourth-quarter earnings. Elizabeth Arden reported its quarterly profit at $5.4 million, or $0.18 per share, up from $2.3 million, or $0.08 per share, in the year-ago period. Its sales surged 11% to $253.8 million. However,...
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Benzinga's Top Pre-Market Losers
Thursday, August 11, 2011 - 7:27am | 119Sara Lee Corp (NYSE: SLE) dipped 5.55% to $16.35 in the pre-market session. Sara Lee reported a decline in its Q4 profit. American International Group Inc (NYSE: AIG) moved down 4.07% to $21.24 in the pre-market session. AIG shares have dipped 41.49% over the past 52 weeks, while the S&P 500...
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UPDATE: Sara Lee Reports Decline In Q4 Profit; Shares Drop In Pre-Market
Thursday, August 11, 2011 - 7:08am | 95Sara Lee Corp (NYSE: SLE) released its results for the fourth quarter on Thursday. Sara Lee's quarterly earnings dropped to $111 million, or $0.19 per share, from $187 million, or $0.28 per share, in the year-earlier period. Its revenue climbed 9% y/y to $2.30 billion. Its adjusted earnings came...
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News Summary for August 11, 2011
Thursday, August 11, 2011 - 6:53am | 648This is your Benzinga news summary and traders' outlook for Thursday, August 11, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after a 500 point drop in the Dow yesterday. At last check, Dow...
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US Stock Futures Up; Cisco Shares Jump In Pre-Market
Thursday, August 11, 2011 - 4:56am | 490US stock futures are higher this morning, after a strong decline in the prior session. Shares of Cisco Systems Inc (NASDAQ: CSCO) surged about 9.2% in pre-market trading after the company reported upbeat quarterly results. Futures for the Dow Jones Industrial Average surged 128 points to 10,853.00...
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Earnings Scheduled For August 11
Thursday, August 11, 2011 - 2:43am | 554Brinker International Inc (NYSE: EAT) is estimated to report its Q4 EPS at $0.47 on revenue of $710.57 million. NVIDIA Corporation (NASDAQ: NVDA) is projected to report its Q2 EPS at $0.25 on revenue of $1.01 billion. Kohl's Corporation (NYSE: KSS) is projected to report its Q2 EPS at $1.02 on...
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Mad Money Lightning Round: Cramer Likes Cummins
Thursday, August 11, 2011 - 2:42am | 174On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Cummins (NYSE: CMI) is an “unbelievable manufacturer with a big backlog. I think you should buy some more at these levels." Cramer said that he has “disliked Merck (NYSE: MRK), but it yields 5% and I'm changing my tune. I'm a...
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Intraday Losers; IntraLinks Down -42.43%
Wednesday, August 10, 2011 - 2:47pm | 140IntraLinks Holdings (NADAQ: IL) -42.43% on downbeat Q3 guidance. Quad/Graphics (NASDAQ: QUAD) -25.40% on disappointing earnings. Velti (NASDAQ: VELT) -18.27 despite in-line EPS and revenues beat. Inter Parfums (NADAQ: IPAR) -16.61% on downbeat earnings. KAR Auction Services (NYSE: KAR) -15....
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Embrace Your Inner Spock: Three Questions Investors Should be Asking
Wednesday, August 10, 2011 - 9:33am | 858Congratulations, you've just lived through the sixth-worst day in the history of the U.S. stock market. The Dow Industrials fell 634 points on Monday in response to Standard & Poor's downgrade of the United States' credit rating, and two days later the volatility continues. After a day like...
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Stifel Nicolaus Upgrades NEM, RAH, SNX To Buy
Wednesday, August 10, 2011 - 7:12am | 57Stifel Nicolaus has upgraded the following companies: Newmont Mining (NYSE: NEM) from Hold to Buy, $76 PT Ralcorp Holdings (NYSE: RAH) from Hold to Buy, $84 PT SYNNEX (NYSE: SNX) from Hold to Buy, $32 PT
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Rodman & Renshaw Reiterates Market Outperform on Zhongpin, Reduces PT to $19
Wednesday, August 10, 2011 - 2:06am | 47Rodman & Renshaw reiterated its Market Outperform rating on Zhongpin (NASDAQ: HOGS). At the same time, the rating agency reduced its price target on the company's stock to $19. On Tuesday, HOGS added 4.47% to its value to finish the day at $8.88.
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Checking In: Trying To Find Shelter From The Storm
Tuesday, August 9, 2011 - 2:06pm | 458In more benign market pullbacks, investors can usually count on a couple of sectors to provide some shelter from the storm. Utilities, telecom and food producers not only offer tidy dividends, but the defensive traits that make those groups worth embracing during what considered be a “normal”...
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Safety Stocks Getting Whacked
Tuesday, August 9, 2011 - 11:40am | 339Consumer staples perform "extremely well" in times of market turmoil, serving as an excellent place to hide during market collapses and times of economic uncertainty. High dividends combined with consistent earnings provide some sense of relief even during the bleakest of moments. Recent events...
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Options Brief: Chiquita Brands International
Tuesday, August 9, 2011 - 10:40am | 98Shares of Chiquita Brands International (NYSE: CQB) are higher on the session by 4.76%, trading at $8.81. Overall call volume is now running at 6.08x the daily average, with 63% of all calls traded being purchases on the offer. 12,925 contracts have traded on the session so far. Chiquita Brands...
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Market Update
Tuesday, August 9, 2011 - 8:38am | 144Shares of Pacific Gas & Electric Corp (NYSE: PCG) fell about 0.2% after the company named a Michigan energy executive as its new president and CEO. Shares of Snyder's-Lance Inc (NASDAQ: LNCE) dropped about 2.3% after the company acquired all of the issued and outstanding shares of George Greer...