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Kraft Foods Reports Mixed Earnings (KFT)
Thursday, August 5, 2010 - 4:10pm | 205Kraft Foods Inc. (NYSE: KFT) reports Q2 earnings of $0.60 versus estimates of $0.52. Kraft Foods Inc. reports Q2 revenues of $12.25 billion versus estimates of $12.33 billion. The company reported organic revenue growth of 2.2% and an increase in operating income of 16.8% to $1.7 billion. Kraft...
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Unilever Profits Shoot Up 40% - Analyst Blog
Thursday, August 5, 2010 - 3:08pm | 625Unilever NV (UN) recently reported second-quarter 2010 results. Net income for the quarter spiked 40% to €1,062 million ($1,400.5 million) from the prior-year quarter. Earnings per share came in at €0.36 (47 cents per ADR) in the quarter, up 33% from the prior-year quarter but well below the Zacks...
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Market Technically Signaled a Potential Turn 08-05-2010
Thursday, August 5, 2010 - 2:58pm | 904Cusick’s Corner The market, while down, has still been able to hold its ground into the Midday. We continue to see minor new highs intra-day, only to have the market grind back to basically breakeven. While the trend to the upside is still intact, there needs to be some tighter risk management to...
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DLM Enters Oversold Territory - Tale of the Tape
Thursday, August 5, 2010 - 1:53pm | 116Del Monte Foods Company ’s (DLM) share price has entered into oversold territory with a stochastic value of 15.73. The Zacks Consensus Estimate on the company’s earnings for the year ending April 2011 increased 10 cents over the past two months to $1.41 per share. Del Monte Foods Company is a Zacks...
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Puts Purchased on H.J. Heinz (HNZ)
Thursday, August 5, 2010 - 12:26pm | 139Shares of H.J Heinz Co. (NYSE: HNZ) are lower on the session by 1.46%, currently trading at $45.21.The stock has been moving largely lower, albeit slightly, over the past five months. The stock is trading above the 50-day and 200-day moving averages, though. Options traders are buying protection...
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NuStar Reports In Line - Analyst Blog
Wednesday, August 4, 2010 - 1:12pm | 785NuStar Energy L.P. (NS), a master limited partnership (MLP), announced in line second quarter results, as it managed to meet estimates mainly due to higher margins at the fuels marketing business. The partnership reported earnings per unit (EPU), excluding special items, of $1.13, same as the...
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Employment, Earnings to Share Stage - Earnings Preview
Wednesday, August 4, 2010 - 10:32am | 5089Earnings Preview 7/30/10 Earnings season will be still going strong next week. There will be 1,161 firms reporting, including 106 S&P 500 firms. The firms reporting are some of the biggest and most important bellwethers of the economy, and slice across a wide spectrum of industries. Included in...
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BECKMAN COULTER (BEC) - Profit Tracks
Wednesday, August 4, 2010 - 10:30am | 537Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....
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Zacks Analyst Blog Highlights: The Clorox, AstraZeneca, Merck, Dean Foods and Coach - Press Releases
Wednesday, August 4, 2010 - 10:26am | 1933For Immediate Release Chicago, IL – August 04, 2010 – Zacks.com Analyst Blog features: The Clorox Co. (CLX), AstraZeneca plc (AZN), Merck and Co. (MRK), Dean Foods Co. (DF) and Coach, Inc. (COH ). Here are highlights from Tuesday’s Analyst Blog: Clorox EPS Meets, Affirms Guidance Clorox EPS Meets...
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Wells Fargo Cutting Estimates On Various Companies (DHI, DF, CHK, THC, MSSR)
Wednesday, August 4, 2010 - 9:57am | 98Wells Fargo Securities is cutting earnings estimates on a wide variety of companies this morning after the group reported earnings. In the report Wells Fargo is lowering earnings estimates on D.R. Horton, Inc. (NYSE: DHI), Dean Foods Company (NYSE: DF), Chesapeake Energy Corporation (NYSE: CHK),...
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Dean Foods EPS Tops, View Tepid - Analyst Blog
Tuesday, August 3, 2010 - 2:09pm | 391Dean Foods Co.’s (DF) second-quarter 2010 GAAP earnings slipped 30.2% to $44.8 million from $64.1 million in the year-ago period. Excluding special items, adjusted earnings per share came in at 29 cents, well behind 43 cents recorded in the year-ago quarter, but topped the Zacks Consensus Estimate...
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News Summary (BP, BAC, SBUX, KFT, NSRGY)
Tuesday, August 3, 2010 - 12:01pm | 220BP (NYSE: BP) gas station owners in the US are trying to convince the company to change the brand on their gas stations to "Amoco." With the change in brand, they hope to avoid the public backlash from the spill. Countrywide Financial, a part of Bank of America (NYSE: BAC), has agreed to pay $600...
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Green Mountain Keeps Growing - Analyst Blog
Monday, August 2, 2010 - 5:04pm | 532Green Mountain Coffee Roasters (GMCR) registered robust third quarter 2010 earnings of 19 cents a share that shot up by 58% from 12 cents posted in the year-ago period. Earnings also beat the Zacks Consensus Estimate by a penny. The upswing came on the back of success in Keurig Single-Cup Brewing...
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Afternoon Market Update (SJM, APC, WES)
Monday, August 2, 2010 - 2:31pm | 172Shares of JM Smucker (NYSE: SJM) fell about 2.5% after the analysts at Jefferies & Co downgraded the company from “buy” to “hold.” The target price for the company has also been lowered to $64 from $74. Jefferies analyst Scott Mushkin mentioned, "We believe sales could be quite challenging over...
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ISM Better than Expected - Analyst Blog
Monday, August 2, 2010 - 1:06pm | 897The Institute for Supply Management’s (ISM) Manufacturing index fell in July to 55.5 from 56.2, but the decline was far less than the expected level of 54.2. Any reading over 50 indicates that the manufacturing sector of the economy is expanding. Thus the expansion continues, but at a somewhat...