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Oppenheimer Initiates Coverage On MLP's (BWP, EEP, EPB, EPD, ETP, MMP, OKS, PAA, RGNC, SEP)
Wednesday, August 25, 2010 - 10:20am | 404Oppenheimer & Co. is initiating coverage on the master limited partnership (MLP) sector. In the report, Oppenheimer covers Boardwalk Pipeline Partners (NYSE: BWP), Enbridge Energy Partners (NYSE: EEP), El Paso Pipeline Partners (NYSE: EPB), Enterprise Products Partners (NYSE: EPD), Energy...
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Oppenheimer Initiates Coverage On A Variety Of MLP's (BWP, EEP, EPB, EPD, ETP, MMP, OKS, PAA, RGNC, SEP)
Wednesday, August 25, 2010 - 10:06am | 252Oppenheimer & Co. is initiating coverage on the master limited partnership (MLP) sector. In the report, Oppenheimer covers Boardwalk Pipeline Partners (NYSE: BWP), Enbridge Energy Partners (NYSE: EEP), El Paso Pipeline Partners (NYSE: EPB), Enterprise Products Partners (NYSE: EPD), Energy...
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Tyson Foods Unit Recalls Deli Meats
Wednesday, August 25, 2010 - 7:13am | 88A unit of Tyson Foods Inc. (NYSE: TSN) said Tuesday that it would recall 380,000 pounds of deli meat that could be contaminated. The company said Buffalo, N.Y.-based Zemco Industries, which is owned by Tyson, issued the voluntary recall after a sample of roast beef was found to contain the bacteria...
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J.P. Morgan Cuts Sanderson Farms Price Target (SAFM)
Tuesday, August 24, 2010 - 4:39pm | 174J.P. Morgan cut its price target on shares of Sanderson Farms (NASDAQ: SAFM) to $51 from $65 today. J.P. Morgan maintained its Overweight rating on the stock. Sanderson Farms reported 3Q10 (July) EPS yesterday and missed the Bloomberg consensus estimate by $0.32. Investors appeared to favor the...
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(HOGS) Smart buyers accumulating stock
Tuesday, August 24, 2010 - 10:15am | 26(HOGS) Smart buyers accumulating stock Zhongpin, Inc. (HOGS)stock up 3% on day..
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BB&T Capital Markets: Still Cautious On SAFM’s FY’11
Tuesday, August 24, 2010 - 9:39am | 295Analysts at BB&T Capital Markets reiterate their "hold" rating on Sanderson Farms Inc (NASDAQ: SAFM), while reducing their estimates for the company. According to BB&T Capital Markets, “SAFM reported Q3’10 EPS of $1.55, below our estimate of $1.78 and consensus of $1.87. Revenues were...
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Shorts in Control of Crude 09-23-2010
Monday, August 23, 2010 - 2:58pm | 914Cusick’s Corner The market is doing what it typically does in the last two weeks of August, grind along in a tight range. Unless there is a major headline or a spike in interest (meaning volume), this action could continue for the next few weeks. This does not mean that one should sit back and be...
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Late Market Roundup (SAFM, HPQ, CSCO, INTC, PAR, DELL)
Monday, August 23, 2010 - 2:13pm | 308Gold futures moved down slightly today after the US dollar gained some momentum. Gold for December delivery fell 0.2% to $1,226 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX). The dollar index (DXY) gained about 0.13% after opening lower. Shares of Sanderson Farms (...
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Benzinga’s Volume Movers (SCOK, SAFM, ISLN, WCRX)
Monday, August 23, 2010 - 12:45pm | 187SinoCoking and Coke Chemical Industries Inc (NASDAQ: SCOK) shares moved up 27.58% to $15.73 at 12:08 pm. The volume of SCOK shares traded was 1880% higher than normal. SCOK’s wholly controlled affiliate has entered into the material definitive agreements to acquire majority interests in Baofeng...
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J.M. Smucker Called An 'Earnings Momentum Play' By JP Morgan
Monday, August 23, 2010 - 9:45am | 95The J.M. Smucker Company (NYSE: SJM) is having its Overweight rating reiterated by JP Morgan and is having its EPS estimates raised for FY2011E to $4.61 from $4.58 and FY2012E is raised to $5.03 from $5.01. JP Morgan has lowered its price target to $70 (from $74) to reflect lower industry...
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Coffee Sales A Surprise For J.M. Smucker Company
Monday, August 23, 2010 - 9:38am | 92The J.M. Smucker Company (NYSE: SJM) FY1Q11 EPS of $1.04, above the $0.99 estimate from Goldman Sachs and the consensus $0.96. Margin performance was the driver for higher operating profit and lower tax rates, according to Goldman. Goldman reports that management has raised its sales guidance from...
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Benzinga’s Top Pre-Market NASDAQ Losers (JAZZ, SAFM, PDLI, COCO)
Monday, August 23, 2010 - 8:50am | 127Jazz Pharmaceuticals Inc (NASDAQ: JAZZ) dipped 25.22% to $7.65 in the pre-market session. US FDA panel has rejected JAZZ’s drug for treating the pain disorder fibromyalgia. Sanderson Farms Inc (NASDAQ: SAFM) lost 4.56% to $41.19 in the pre-market session. SAFM has reported weaker-than-expected Q3...
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Before The Bell – What’s In Store For The Market Today?
Monday, August 23, 2010 - 8:46am | 625Stock futures pointed to a higher opening on Wall Street due to a spike in deals and M&A activities, enabling investors to shake off the pessimism previous week following a weaker than expected jobless claims data, negative Philly Fed index, and the southbound Dow. Futures on the Dow is up 46...
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Hormel Surpasses Expectations - Analyst Blog
Monday, August 23, 2010 - 8:20am | 483Hormel Foods Corporation (HRL) posted strong results for the third quarter of fiscal 2010 with an EPS of 63 cents, up from 57 cents in the year-ago quarter. Reported EPS also surpassed the Zacks Consensus Estimate of 59 cents. Net income stretched 13.6% year over year to $85.4 million from $77.2...
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SAFM Reports Weaker-Than-Expected Q3 Results
Monday, August 23, 2010 - 7:21am | 84Sanderson Farms (NASDAQ: SAFM) reports its Q3 EPS at $1.55, missing the consensus of $1.87. SAFM reports its revenue at $489.1 million, versus the estimates of $518.57 million. SAFM’s shares gained 0.30% to close at $43.16 on Friday. Read more from Benzinga's Company news. Is AAPL a Buy, Sell or...