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Company News for June 30, 2010 - Corporate Summary
Wednesday, June 30, 2010 - 10:37am | 392• General Mills (NYSE: GIS) raised its dividend before reporting inline fiscal fourth-quarter earnings of 41 cents a share, but its guidance for fiscal 2011 came in below Street expectations. Revenues of $3.57 billion were in-line with Zacks projections of $3.57 billion, but were off 2.1% from a...
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General Mills Falling After Earnings Report (GIS)
Tuesday, June 29, 2010 - 5:28pm | 142General Mills (NYSE: GIS) released its Q4 earnings numbers after the closing bell on Tuesday. The company reported net income of $211.9 million or $0.31 per share compared to $358.8 million or $0.53 per share in the year ago period. On an adjusted basis, which is comparable to analysts' estimates...
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Benzinga’s Volume Movers (CTRP, HAYN, SYUT, NWS)
Tuesday, June 29, 2010 - 2:03pm | 168Companies that are down today on unusual volume are: Ctrip.com International Ltd (NASDAQ: CTRP) shares dipped 10.80% to $38.15 at 12:23 pm. The volume of CTRP shares traded was 329% lower than normal. Analysts at RBS downgraded CTRP to “hold.” Haynes International Inc (NASDAQ: HAYN) shares moved...
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Calls Purchased on Smithfield Foods (SFD)
Tuesday, June 29, 2010 - 1:55pm | 126Shares of Smithfield Foods Inc. (NYSE: SFD) are higher on the session by 3.49%, currently trading at $15.40. The stock has been trading largely lower over the past three months, though it is now trading near support at $15.00. Options traders are buying calls on the stock today. Though action has...
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Making A Portfolio PB&J
Tuesday, June 29, 2010 - 12:07pm | 200The stock market as been on an up and down ride the past few weeks as investors continue to debate over the health of the economy. Consumer confidence has risen since the bottoms of the credit crisis, but is no where near perfect levels. Unemployment is also rising, but is still north of 9%. Europe...
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Stocks To Watch For June 29 (ZZ, GIS, MU, WOR)
Tuesday, June 29, 2010 - 6:51am | 178Some of the stocks that may grab investor focus today are: Wall Street expects Sealy Corp (NYSE: ZZ) to post its Q2 EPS at $0.02. ZZ’s shares moved down 0.66% to close at $3.02 yesterday. The analysts are expecting General Mills Inc (NYSE: GIS) to have earned $0.82 per share in the fourth quarter....
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General Mills Increases Dividend (GIS)
Monday, June 28, 2010 - 4:23pm | 89General Mills (NYSE: GIS) announced today that its Board of Directors has approved a quarterly dividend of 28 cents per share. The new annualized dividend rate of $1.12 per share represents a 17 percent increase over the $0.96 per share dividend paid in fiscal 2010. The General Mills Board of...
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Company News for June 28, 2010 - Corporate Summary
Monday, June 28, 2010 - 10:20am | 194• Noble (NYSE: NE) announced that it agreed to acquire privately-held FDR Holdings LTD for $2.16 billion in cash • Valspar (NYSE: VAL) agreed to purchase Australian paint manufacturer Mattyl for about $124 million • Kellogg (NYSE: K) announced a recall of four cereal brands over taste and smell...
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Deutsche Bank Reiterates Buy Rating on General Mills Ahead of Earnings (GIS)
Monday, June 28, 2010 - 9:25am | 187Deutsche Bank is out with a research report this morning, where its analysts reiterated their Buy rating on shares of General Mills (NYSE: GIS) ahead of its fiscal Q4 earnings report; they have a $42.00 price target on the stock. The Deutsche Bank analysts said, “We affirm our BUY opinion based on...
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Stocks Going Ex Dividend the First Week of July 2010
Saturday, June 26, 2010 - 10:59pm | 657Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Reform Bill Pushes Financials Higher 06-25-2010
Friday, June 25, 2010 - 6:30pm | 752Cusick’s Corner The economic data that came out today was once again mixed and the market traded sideways for much of the day. The Financials led the market – there was a feeling of relief that the Financial Reform Bill process might be over and we can move on to other issues. Market participants...
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Mixed Economic News 06-25-2010
Friday, June 25, 2010 - 2:59pm | 682Cusick's Corner It’s been a choppy session but major markets are a bit higher now amid the news that a financial reform deal was made overnight. Overall economic fears are still weighing on the market. In the morning, GDP came in worse than expected, which was later counter balanced by Consumer...
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Stocks Going Ex Dividend the Fifth Week of June
Friday, June 25, 2010 - 2:45pm | 680Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Kellogg’s Shares Retreat After The Company Recalls Some Cereals
Friday, June 25, 2010 - 12:51pm | 84Shares of Kellogg Co (NYSE: K) beat a retreat after the company announced a recall of some of its cereals. The recall is based on "an uncharacteristic off-flavor and smell coming from the liner in the package." The company has recalled cereals falling under the brands Apple Jacks, Froot Loops,...
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Puts Purchased on Tyson Foods (TSN)
Friday, June 25, 2010 - 11:50am | 121Shares of Tyson Foods Inc. (NYSE: TSN) are lower on the session by 2.24%, currently trading at $17.47. The stock has been drifting lower over the past two months; recently, it failed to regain the 50-day moving average, which is a bearish sign. Options traders are buying puts on the name today....