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Human Genome Seeks FDA Approval - Analyst Blog
Friday, June 11, 2010 - 7:30pm | 525Human Genome Sciences Inc. (HGSI) recently submitted a Biologics License Application (BLA) to the US Food and Drug Administration (FDA) seeking marketing approval for its potential blockbuster lupus drug candidate, Benlysta. Human Genome and GlaxoSmithKline plc (GSK) are co-developing Benlysta for...
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Morgan Stanley Opens SAFM With Equal Weight
Friday, June 11, 2010 - 6:37am | 45Analysts at Morgan Stanley initiate coverage of Sanderson Farms Inc (NASDAQ: SAFM) with an "equal weight" rating. SAFM’s shares soared 3.84% to close at $52.23 yesterday. More Analyst Ratings here
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It's Inverted Hammer-time! Can't Touch This? 06-10-2010
Thursday, June 10, 2010 - 3:20pm | 870Cusick's Corner The Euro is up -- overseas markets showed strength. There has been some flight from safety today – Gold is down, Dollar down and money has flowed to other sectors like Energy. BP is up after yesterday’s plunge in the stock (see Implied Volatility Movers) and Transocean (RIG) has...
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DLM Ups Quarterly Dividend By 80%, Fiscal Q4 Results Beat Expectations
Thursday, June 10, 2010 - 9:11am | 222Del Monte Foods Company (NYSE: DLM) has raised its quarterly dividend by 80% from $0.05 to $0.09 per common share. The San Francisco, California-based company also announced the authorization of a 3-year, $350 million stock repurchase program, which indicated the company’s confidence in a higher...
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Calls Purchased on Wimm Bill Dann (WBD)
Wednesday, June 9, 2010 - 12:46pm | 128Shares of Wimm Bill Dann Foods (NYSE: WBD) are higher on the session by 6.72%, currently trading $20.95. The stock has been trading largely sideways for the past six months and is currently holding the 200-day moving average. Traders are buying calls on the name today as well. The July $22.50 call...
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Morgan Keegan's MLP Performance Report
Wednesday, June 9, 2010 - 10:01am | 151Morgan Keegan released its industry note on Energy services related Medium Limited Partnerships (MLP). The Alerian MLP Total Return Index (AMZX) was relatively flat last week, registering a gain of just 0.1%. S&P 500 on other hand saw a drop of 2.3% in last week. The YTD return on MLP is 5.9...
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HGSI Seeks European Approval - Analyst Blog
Tuesday, June 8, 2010 - 2:09pm | 647Human Genome Sciences Inc. (HGSI) recently submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) seeking marketing approval for its potential blockbuster lupus drug candidate, Benlysta, in Europe. Human Genome and GlaxoSmithKline plc (GSK) are co-developing...
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Defensive Names Attractive Place To Be Today (K, GIS, MCD, PEP)
Tuesday, June 8, 2010 - 1:52pm | 189Defensive stocks are outperforming the broader market today. With around 2 hours left in Tuesday's trading session, the S&P 500 has fallen 2.53 points, or 0.24%, to 1,047.78 as investors continue to pile out of riskier assets. Some names are holding up quite well, however, including high...
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Top Performing Industries For June 8 (SSRI, EGI, SCCO, RMCF)
Tuesday, June 8, 2010 - 1:43pm | 223At 11:11 a.m., Dow lost 31.06, or 0.32%, to 9,785.43, while the broader Standard & Poor's 500 index dipped 5.92, or 0.56%, to 1,044.55. The NASDAQ composite index fell 29.49, or 1.36%, to 2,144.41. The industries that are driving the market today are: Silver: The top gainer of the day, this...
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Analyst Buys Bristol-Myers, Shorts Apple (AAPL, CMG, TOL, BMY, CAG)
Tuesday, June 8, 2010 - 11:05am | 151In an interview with CNBC, Ronald Carson, of Carson Wealth Management Group, shared his strategies for playing the market. He said, “In the longer-term, the only way to survive this environment is to have some short positions and have some hedges.” He also advised investors to shun consumer...
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Don't Fight the Trend 06-07-2010
Monday, June 7, 2010 - 6:40pm | 672Cusick’s Corner The 1050 mark on the S&P 500 has come under attack – there’s a lack of leadership from Financials (XLF)/Tech (QQQQ), and a defensive tone with a flight to the Gold (GLD) and Utilities (UTH). Keep the powder dry in this environment, these are trading markets and there is no sense...
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Calls Purchased on Tyson Foods (TSN)
Monday, June 7, 2010 - 3:23pm | 123Shares of Tyson Foods Inc. (NYSE: TSN) are higher on the session by 1.06%, currently trading $17.68. The stock has been drifting lower for the past two months and is now trading below the 50-day moving average. Calls are being bought on the stock today. The January $20 call was purchased nearly 5,...
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Using the Euro as a Barometer 06-07-2010
Monday, June 7, 2010 - 3:03pm | 738Cusick’s Corner We are experiencing some whippy action into the Midday, but it has been within Friday’s range. The lows are continually being challenged throughout today’s session, but there’s no major follow through, indicating that the potential for a late push to the upside could possibly be in...
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Del Monte Retains ‘Buy’ Rating (DLM)
Monday, June 7, 2010 - 12:08pm | 137Del Monte Foods (NYSE: DLM) is expected to increase its LT mix margins due to Pet Food results. The company is also likely to improve its productivity and boost A&P spending. Del Monte (DLM) is scheduled to announce its F4Q10 results on June10. The company has a strong free cash flow position...
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Heinz Is A Good Buy; Barron’s (HNZ)
Friday, June 4, 2010 - 10:59am | 104H.J. Heinz (NYSE: HNZ) obtained 15% of its total corporate revenue from emerging markets in fiscal 2010. For its fourth-quarter of 2010, the company reported an 8.3% increase in its sales. This increase was due to the company’s exposure to international markets and improvement in the domestic...