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Summer Camps 06-21-2010
Monday, June 21, 2010 - 6:51pm | 723Cusick’s Corner The market continued to pull back into the After Hours but was able to hold key support, SPX 1110. While the Yuan news was a potentially nice boost for market sectors that we mentioned in the Midday, it only incited the Deflationary or Disinflation camps who believe that this is...
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China Ordering U.S. Takeout 06-21-2010
Monday, June 21, 2010 - 3:30pm | 821Cusick’s Corner The market did like the news out of China, so the question is – who or what will benefit from this new stance on the Chinese currency? One major benefactor, non-Chinese manufacturers could benefit from the Yuan’s greater buying power. Thus, China would be able to buy products that...
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Puts Purchased on Tyson Foods (TSN)
Monday, June 21, 2010 - 2:02pm | 150Shares of Tyson Foods Inc. (NYSE: TSN) are lower on the session by 0.87%, currently trading at $18.16. The stock sold off throughout May, though has managed to regain the 50-day moving average in recent trading. Options traders are buying puts today. The October $15 put was purchased 4,000 times,...
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Benzinga’s Volume Movers (AIPC, VLCCF, HMIN, ISLN)
Monday, June 21, 2010 - 12:54pm | 187American Italian Pasta Company (NASDAQ: AIPC) shares soared 26.00% to $52.58 at 10:58 am. The volume of AIPC shares traded was 16153% higher than normal. The boards of Ralcorp Holdings Inc (NYSE: RAH) and AIPC have collectively agreed on a definitive merger in a deal valued at $1.2 billion....
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Good News for Immunomedics Pipeline - Analyst Blog
Monday, June 21, 2010 - 12:42pm | 498Recently, Immunomedics Inc. (IMMU) and its Belgian partner UCB presented encouraging data from a mid-stage study of their lupus drug candidate epratuzumab at the European League Against Rheumatism (EULAR) meeting in Rome. The data revealed a significant reduction in disease activity in patients...
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Call Buyers Target HJ Heinz Co. (HNZ)
Monday, June 21, 2010 - 12:05pm | 153Shares of HJ Heinz Co. (NYSE: HNZ) are lower on the session by 0.28%, currently trading at $46.12. The stock has been rallying over the past week after a sharp sell off in May. The stock recently tested and held the 200-day moving average. Options traders are buying calls on HNZ today; the...
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Mad Money Lightning Round: Cramer Prefers CRUS Over CREE
Monday, June 21, 2010 - 8:40am | 240In his "Mad Money Lightning Round" on Friday, Jim Cramer said that Cree (NASDAQ: CREE) is a terrific stock and he likes it. However, Cramer likes Cirrus Logic (NASDAQ: CRUS) better. On Friday, shares of CREE and CRUS advanced 0.41% and 4.82%, respectively. When asked about JM Smucker (NYSE: SJM),...
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Benzinga’s Top Pre-Market Gainers (AIPC, EXEL, CRUS, GXDX)
Monday, June 21, 2010 - 8:35am | 170American Italian Pasta Company (NASDAQ: AIPC) soared 26.29% to $52.7 in the pre-market session. AIPC is about to be acquired by snacks company Ralcorp Holdings Inc (NYSE: RAH) in an all cash deal valued at $1.2 billion, or $53 a share. Exelixis Inc (NASDAQ: EXEL) added 4.8% to $4.8 in pre-market...
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Ralcorp Holdings Acquiring American Italian Pasta Company At 27% Premium
Monday, June 21, 2010 - 8:02am | 122The boards of Ralcorp Holdings Inc (NYSE: RAH) and American Italian Pasta Co (NASDAQ: AIPC) have collectively agreed over a definitive merger in a deal valued at $1.2 billion. As per the deal, Ralcorp would pay $1.2 billion to buy all of the outstanding common stock of AIPC for $53 per share in...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 46
Sunday, June 20, 2010 - 10:14pm | 2482Year 3, Week 46 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash:70.8% (v 84.8% last week) 16 long bias: 16.8% (v 13.1% last week) 8 short bias: 12.5% (v 2.1% last week) [Includes 1 'long dollar'...
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What is Warren Buffett Buying and Selling?
Saturday, June 19, 2010 - 10:46pm | 286Warren Buffett, head of Berkshire Hathaway (BRK-A) (BRK-B), is one of the three richest people in the world and a top trader and investor. The latest SEC report came out on Berkshire and shows his latest moves as of the end of March. What is most significant about this list is not what he is buying...
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Stellar Performance From J.M. Smucker; Barron’s (SJM)
Friday, June 18, 2010 - 1:44pm | 102J.M. Smucker (NYSE: SJM), the branded food products company which is maker of jellies, coffee and other food products, released its earnings for its fourth fiscal quarter. The performance beat the analysts’ estimates by a wide margin. Net income increased from 80 cents a share in the quarter a year...
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J.P. Morgan Raises Estimates, Reiterates Buy Rating On J.M. Smucker (SJM)
Friday, June 18, 2010 - 12:32pm | 104J.P. Morgan (NYSE: JPM) released a research report on J.M. Smucker (NYSE: SJM) today. Yesterday, the company reported its fiscal 4Q earnings, exceeding Wall Street estimates. EPS was $1.07 compared to analysts' expectations of $0.80. JPM analysts wrote that "it was a quality quarter across the...
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Deutsche Bank Cuts Price Target for Smithfield Foods (SFD)
Friday, June 18, 2010 - 9:36am | 107Deutsche Bank cut its price target for Smithfield Foods Inc. (NYSE: SFD) from $24 to $21 this morning. It also reduced its fiscal 2011 EPS estimate to $1.72 from $2.06. Deutsche bank is "concerned that the salesforce (incentivized by volume) will need to resort to pricing in order to recover... the...
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Late Rally Led US Stocks To Finish In The Black Yesterday, With Support From Tech, Euro
Friday, June 18, 2010 - 7:01am | 239US stocks ended in the positive yesterday, followed by a reversal in trend during the session’s late hours, as the stocks returned on track for strong weekly gains. The tech sector uplifted the markets, preventing the below-estimates economic data from weighing down Wall Street for too long. The...