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Stocks To Watch For August 23 (SAFM, BAC, FMCN, WFMI, KNSY)
Monday, August 23, 2010 - 4:51am | 207Some of the stocks that may grab the investor focus today are: Wall Street expects Sanderson Farms (NASDAQ: SAFM) to report its FQ3 EPS at $1.87. SAFM’s shares gained 0.30% to close at $43.16 on Friday. Fitch Ratings raised the preferred stock rating of Bank of America Corp (NYSE: BAC) to an...
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Campbell Soup May Bid For United Biscuit Business
Monday, August 23, 2010 - 3:56am | 74Campbell Soup (NYSE: CPB) may make an offer of $2.3 billion to acquire the biscuit-making business of U.K.-based United Biscuit the Sunday Times of London reported. The biscuit business accounts for about 75% of United Biscuit's revenue. The Blackstone Group (NYSE: BX) and France-based PAI...
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Insider Weekends – August 20, 2010
Sunday, August 22, 2010 - 5:23pm | 1616Welcome to edition eleven of Insider Weekends. Insider buying increased last week with insiders purchasing $45.76 million of their stock when compared to $33.42 million in the week prior. Selling also increased significantly with insiders selling $1.01 billion worth of stock when compared to $820....
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Priority Review for HGSI's Benlysta - Analyst Blog
Friday, August 20, 2010 - 12:13pm | 525Human Genome Sciences, Inc. (HGSI) received a huge boost when its potential blockbuster drug candidate Benlysta was granted priority review status by the US Food and Drug Administration (FDA). Benlysta, co-developed by Human Genome and GlaxoSmithKline plc (GSK), has been developed for the...
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Green Mountain Coffee Roasters Turns Positive As Markets Fall (GMCR)
Friday, August 20, 2010 - 11:35am | 104Green Mountain Coffee Roasters (NASDAQ: GMCR) has been on the rise over the last three months, gaining over 40%. The stock is trading around prior resistance from March and April and if it can get through these levels, it may breakout to the upside. The 52-week high in the stock is $33.98. Look...
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Spam Up!! Deutsche Bank Rates Hormel A Sell After Weaker Than Expected Earnings (HRL)
Friday, August 20, 2010 - 11:00am | 131Deutsche Bank has a Sell rating and $38 price target on Hormel Foods Corporation (NYSE: HRL) after the maker of Spam reported earnings. In a note to clients, Deutsche Bank writes, "Hormel reports opr. F3Q10 (end Jul) EPS of $0.63 vs. our recently revised estimate of $0.72 and consensus of $0.60....
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J.P. Morgan Expects J.M. Smucker To Rise Today (SJM)
Friday, August 20, 2010 - 10:41am | 105J.P.Morgan Chase & Co. expects shares of J.M. Smucker (NYSE: SJM) to rise today after the company reported earnings today. In the research report, J.P.Morgan Chase & Co. writes, "Smucker reported fiscal 1Q11 (July) earnings today and on a pro forma basis beat the Bloomberg consensus...
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GMCR: Brewer Inventories Recover And K-Cup Merchandising Strengthens
Friday, August 20, 2010 - 9:58am | 148Analysts at Dougherty & Company reiterate their "buy" rating on Green Mountain Coffee Roasters Inc (NASDAQ: GMCR). The target price for GMCR is set to $36. Dougherty & Company says, “While KCup shipments did not exceed expectations in the June quarter, they remained exceptionally strong and...
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There is unconfirmed chatter that Nestles is looking to acquire Hershey Co. (HSY) in the $60.00 range
Friday, August 20, 2010 - 9:58am | 38There is unconfirmed chatter that Nestles is looking to acquire Hershey Co. (HSY) in the $60.00 range. Neither company could be reached for comment..(HSY).
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Company News for August 20, 2010 - Corporate Summary
Friday, August 20, 2010 - 9:37am | 933• JM Smucker (NYSE: SJM) reported better-than-expected fiscal first quarter earnings of $1.04 up from estimates of 96 cents, as revenues slightly missed projections at $1.05 billion off estimates of $1.07 billion • Goldman Sachs (NYSE: GS) raised Republic Services (NYSE: RSG) to "buy" from "neutral...
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Before The Bell – A Glimpse Of The Market Today
Friday, August 20, 2010 - 8:36am | 402Stock futures face another dismal day on Friday following Thursday’s selloff over economic concerns, weaker-than-expected jobless claims data and a negative Philadelphia Fed Index. The DOW futures fell 42 points to 10,193, the S&P 500 futures shed 4.6 points to 1,067, and the NASDAQ futures...
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JM Smucker Reports Better-Than-Expected Q1 Earnings, Revenue Falls Short
Friday, August 20, 2010 - 7:54am | 62JM Smucker (NYSE: SJM) reports its Q1 adjusted EPS at $1.04, beating the Street view of $0.96. SJM reports its Q1 revenue at $1.05 billion, as compared to the consensus of $1.07 billion. SJM’s shares rose 0.38% to $58.25 in the after-hours trading session. Read more from Benzinga's Company news.
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Hormel Foods Q3 Results Beat Wall Street View
Friday, August 20, 2010 - 7:44am | 57Hormel Foods Corp (NYSE: HRL) reports its Q3 EPS at $0.63, beating the consensus of $0.60. HRL reports its Q3 revenue at $1.7 billion, versus the estimates of $1.67 billion. HRL’s shares gained 1.68% to $44.10 in after-hours trading. Read more from Benzinga's Company news.
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McCormick & Company - Growth & Income
Friday, August 20, 2010 - 7:32am | 590McCormick & Company (MKC) continues to slowly grow as sales in the Americas remain steady while they heat up in China. MKC has surprised on estimates the last 4 quarters by an average of 6%. McCormick manufactures spices, herbs, seasonings and flavoring for consumers, food manufactures and food...
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Zacks Releases Four Powerful ''Buy'' Stocks: Fairchild Semiconductor, McCormick & Company, BorgWarner and The Timken Company - Press Releases
Friday, August 20, 2010 - 7:31am | 1313For Immediate Release Chicago, IL – August 20, 2010 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...