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Build Your Miles as You Trade
Wednesday, October 6, 2010 - 3:00pm | 1462The weather is crisp, the leaves are turning, and traders are ready to get back into the market. According to the Stock Trader's Almanac, October has a reputation as a “bear killer,” turning the tide from red to black in 11 bear markets since World War II (including 1987, 1990, 1998, 2001, and...
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Afternoon Market Update
Wednesday, October 6, 2010 - 11:05am | 176US Energy stocks rose again, after posting healthy gains in the earlier session. The NYSE Arca Oil Index (XOI) gained about 0.37%, while the NYSE Arca Natural Gas Index (XNG) moved up about 0.23%. However, the Philadelphia Oil Service Index (OSX) fell about 0.07%. Shares of Diamond Foods Inc (...
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Diamond Foods Reports Strong EPS Growth, Shares Hit Hard
Wednesday, October 6, 2010 - 10:46am | 177Diamond Foods (NASDAQ: DMND) reported Q4'10 EPS of $0.35 compared to BB&T's and the Street estimate of $0.28. Sales missed by $17M due to an overestimated contribution from Kettle and roughly $10M from the exit of low margin, non-retail business. Although $0.04 of the beat was due to lower...
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Diamond Foods Falling Sharply (DMND)
Wednesday, October 6, 2010 - 10:19am | 57Shares of Diamond Foods, Inc. (NASDAQ: DMND) are falling sharply, losing more than 10%, after reporting mixed fourth quarter earnings, and reporting weaker than expected first quarter guidance. At last check, shares of DMND were down $3.94 to $38.51, a loss of nearly 10%. Diamond Foods manufactures...
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Top 4 Stocks In The Farm Products Industry With The Highest ROE (BG, CALM, SEED, CVGW)
Wednesday, October 6, 2010 - 6:52am | 132Below are the top farm products' stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Bunge Ltd. (NYSE: BG) is 21.35%. BG's quarterly earnings soared 468.10% y/y. The trailing-twelve-month return on equity at Cal-Maine Foods Inc (NASDAQ: CALM...
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Buyers Showing More Conviction 10-05-2010
Tuesday, October 5, 2010 - 6:53pm | 729Cusick's Corner Buyers are showing more conviction today after the Bank of Japan voted today to cut its interest rate and increase liquidity by purchasing bonds and other asset backed securities, further fueling the idea that the US may have plans for Quantitative Easing. Some traders who were...
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Diamond Foods Posts Mixed Earnings (DMND)
Tuesday, October 5, 2010 - 4:20pm | 141Diamond Foods, Inc. (NASDAQ: DMND) reports Q3 earnings of $0.34 versus consensus of $0.28. Diamond Foods, Inc. reports revenues of $176.6 million versus consensus of $189.62 million. Revenues increased 55.2% year over year. For the full year of fiscal 2011, DMND now expect EPS to range from $2.38...
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Japanese Prints 10-05-2010
Tuesday, October 5, 2010 - 3:33pm | 802Cusick's Corner The Bank of Japan turned on the printing press, which in turn adds more fuel to the Gold markets (GCZ10). The move by the Japanese and the reaction of the Yen (JYZ10) which is still going up has lead market players to continue to doubt the power of paper and relative safety of the...
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Upside Purchased on ConAgra Foods (CAG)
Tuesday, October 5, 2010 - 10:27am | 177Shares of ConAgra Foods, Inc. (NYSE: CAG) are higher on the session by 0.23%, currently trading at $22.05. The stock has been moving largely lower over the past six months, though appears to have formed a bottom around the $21.30-21.40 level. Options traders are buying upside calls on the name...
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Hershey Declares Quarterly Dividends of $.32 and $.29
Tuesday, October 5, 2010 - 9:08am | 67The Board of Directors of The Hershey Company (NYSE: HSY) today declared quarterly dividends of $0.32 on the Common Stock and $0.29 on the Class B Common Stock. The dividends are payable December 15, 2010, to stockholders of record November 24, 2010. It is the 324th consecutive regular dividend on...
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Earnings Scheduled For October 5 (WWW, YUM, DMND, TISI, CMN, SKY)
Tuesday, October 5, 2010 - 5:40am | 144Wolverine World Wide Inc (NYSE: WWW) is expected to earn $0.67 per share in the third quarter. Yum! Brands Inc (NYSE: YUM) may report its Q3 EPS at $0.73. Diamond Foods Inc (NASDAQ: DMND) is likely to report its Q4 earnings at $0.28 per share. Team Incorporated (NASDAQ: TISI) is estimated to post...
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Stocks To Watch For October 5 (YUM, ACL, WWW, MOS, DMND)
Tuesday, October 5, 2010 - 5:19am | 215Some of the stocks that may grab the investor focus today are: Wall Street expects Yum! Brands Inc (NYSE: YUM) to report its Q3 EPS at $0.73. YUM's shares gained 0.47% to $46.64 in after-hours trading. Alcon Inc (NYSE: ACL) has appointed Robert Karsunky as its new Chief Financial Officer (CFO),...
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Is Sara Lee (SLE) A Takeover Target?
Tuesday, October 5, 2010 - 2:09am | 126Shares of Sara Lee (SLE) closed up 7% at $14.40. The stock was buoyed today by reports that the company may have a buyout offer. Reports stated that KKR Inc. would like to acquire baked goods maker Sara Lee. KKR has made a $12 billion dollar offer for Sara Lee. That's a pretty generous offer for a...
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NAZ Futures Short Interest 10-04-2010
Monday, October 4, 2010 - 3:40pm | 837Cusick's Corner The market turned south into the midday, probably on the heels of pullbacks from the tech titan AAPL and the fact there is the largest Short Interest on record by the latest Commitment of Traders in the NAZ Futures. This is not the end of the road for the move to the upside, but it...
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Late Market Roundup (SLE, ABX, GG, BPO, ALL, WOSCY, PRRFY)
Monday, October 4, 2010 - 1:17pm | 291Shares of Sara Lee Corp (NYSE: SLE) advanced after a report that the company has rejected a buyout offer of $12 billion from Kohlberg Kravis Roberts & Co. SLE shares are up about 8% following the report. Shares of Canada are down, with Toronto's main stock index dropping after decline in the US...