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Stocks Going Ex Dividend the Fourth Week of June 2010
Friday, June 18, 2010 - 3:22am | 674Here 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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Portfolio Manager Recommends Medco And Unilever (MHS, UL)
Thursday, June 17, 2010 - 11:49am | 129GDP growth is expected to remain lower than anticipated. This view has been voiced by Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates. In an interview with CNBC, he advised investors to avoid Industrials and commodity stocks. He added, “Even if the economy improves,...
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Company News for June 17, 2010 - Corporate Summary
Thursday, June 17, 2010 - 10:10am | 188• Pier 1 (NYSE:PIR) posted better-than-expected first quarter earnings of 7 cents a share, up from Zacks consensus of a 2 cent loss, on revenues of $306.3 million, above Zacks estimates of $305 million • Smithfield Foods (NYSE:SFD) reported in-line fourth quarter earnings of 18 cents a share, on...
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TIE Technologies Appoints New Members to Its Scientific and Technology Advisory Committee
Thursday, June 17, 2010 - 10:06am | 1908NEW YORK, June 17, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, smart logistics, and telemetrics company, today announced the newest members of its Science and Technical Advisory Committee – Dr. Alex Philp and Stanley Newton. TIE Technologies...
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Benzinga’s Top Downgrades (UL, BP, DRYS, EXC)
Thursday, June 17, 2010 - 7:51am | 142Unilever plc (NYSE: UL) was downgraded by BofA/Merrill from “buy” to “neutral.” UL’s shares closed at $28.46 yesterday. Unilever’s earnings may fell by 32.59% this year. BofA/Merrill downgraded BP Plc (NYSE: BP) from “buy” to “neutral.” BP’s shares closed at $31.85 yesterday. BP’s earnings are...
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Stocks To Watch For June 17 (PIR, SJM, KR, SFD)
Thursday, June 17, 2010 - 6:47am | 155Some of the stocks that may grab investor focus today are: Wall Street expects Pier 1 Imports (NYSE: PIR) to post its Q1 loss at $0.03 per share. PIR’s shares gained 0.50% to $8.06 in after hours trading. Analysts are expecting Smucker (NYSE: SJM) to have earned $0.80 per share in the fourth...
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Risk Appetite Back 06-15-2010
Tuesday, June 15, 2010 - 6:31pm | 773Cusick’s Corner The market kept its head of steam into the close above long-term resistance, 1108 on the S&P. The appetite for “Risk” seems to be back. As noted in the Midday, we need to see follow through and we did, especially in large cap Tech, QQQQ, plus there was some volume which is...
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Small Caps Missing Bounce 06-15-2010
Tuesday, June 15, 2010 - 3:13pm | 790Cusick’s Corner The market has bounced nicely into the Midday, with Finance, XLF, and Energy, XLE, sectors leading the advance in challenging the longer-term resistance represented by the 200 Simple Moving Average [SMA]. What is concerning about this rally is that we are not getting bullish...
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Dorfman Recommends Merck, Cal-Maine Foods, and Paycheck (MRK, CALM, PAYX)
Tuesday, June 15, 2010 - 12:20pm | 118In an interview with CNBC, John Dorfman, portfolio manager at Dorfman Value Fund, said that the signs indicate that the markets and economy are on the right track. He also pointed out that firms are boosting their dividends. According to Dorfman, raising dividend rates indicates that the firms are...
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Company News for June 15, 2010 - Corporate Summary
Tuesday, June 15, 2010 - 10:18am | 212• Best Buy (NYSE:BBY) posted fiscal first quarter earnings of 36 cents a share, versus Zacks estimates of 50 cents, on revenues of $10.8 billion which came in below estimates of $10.95 billion • CBOE Holdings (NASDAQ:CBOE) priced its initial offering late Monday at the top end of its $27-$29 range...
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Bookkeeping: Will Cover Green Mountain Coffee (GMCR) Short on the Open
Tuesday, June 15, 2010 - 9:55am | 476A lot of times things in the stock market make little sense. For example, coffee and sugar are rallying - coffee at a 23 month high. So how do you play that? According to CNBC's Joe Terranova on Fast Money - you buy a company who sells do it yourself coffee in the U.S. A sensible connection? (...
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Sara Lee (SLE) Sued By Nestle Over Coffee Product
Tuesday, June 15, 2010 - 9:05am | 162Nestle SA (OTC: NSRGY) has filed a lawsuit in a French court against rival Sara Lee Corp. (NYSE: SLE). Nestle SA claims in the lawsuit that patents covering its Nespresso coffee machine have been infringed upon by Sara Lee's (SLE) introduction to the market of popular single-serve coffee capsules...
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Trade Setups for June 15, 2010
Tuesday, June 15, 2010 - 8:50am | 215The market is no doubt in flux, and as a result leaves me pondering the near-term direction and my conclusion is ultimately that we are likely bound to see more of the same type of action of the past week or so, where we are range bound causing traders on both sides getting whipped out of their...
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Bookkeeping: More Shorts Added and Ryanair Holdings (RYAAY) Stopped Out
Monday, June 14, 2010 - 1:33pm | 1036A week ago on Tuesday all the world was going to hell in a hand basket, US employment stunk, copper was at 6 month lows, and the S&P was falling to yearly lows. Not 4 sessions later all is great in the world because the stock market bounced. Boo yah bipolar world... The Ryanair (RYAAY) short...
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Deutsche Bank Retains Buy on Smucker's on F4Q10 Predictions (SJM)
Monday, June 14, 2010 - 8:36am | 100Deutsche Bank analyst Eric Katzman maintained a Buy rating on The J.M. Smucker Company (NYSE: SJM). Katzman said, "We expect F4Q10 (end Apr) EPS of $0.79 vs. $1.02 last year on 1% sales decrease...There will be focus on F4Q10 results, but we expect most attention to be placed on F2011 guidance....