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Stock Market News for April 29, 2010 - Market News
Thursday, April 29, 2010 - 9:30am | 580After Tuesday’s drubbing, stocks rebounded and closed with modest gains as the U.S. Federal Reserve’s two-day policy meeting concluded on expected lines. The U.S. central bank’s decision to keep interest rates low for “an extended period" gave markets a much-needed boost after Greece and Portugal’...
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Benzinga’s Top Pre-Market Losers (OPWV, GMCR, VNDA, ASMI, ZN)
Thursday, April 29, 2010 - 9:05am | 165Openwave Systems Inc (NASDAQ: OPWV) lost 19.12% to $2.20 in the pre-market session. OPWV’s shares fall on surprise Q3 losses. Green Mountain Coffee Roasters, Inc (NASDAQ: GMCR) tumbled 11.63% to $76.80 in the pre-market session. GMCR has launched GMCRWholesale.com for its wholesale customers....
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Benzinga’s Top Pre-Market Losers (OPWV, GMCR, VNDA, ASMI, ZN)
Thursday, April 29, 2010 - 9:05am | 165Openwave Systems Inc (NASDAQ: OPWV) lost 19.12% to $2.20 in the pre-market session. OPWV’s shares fall on surprise Q3 losses. Green Mountain Coffee Roasters, Inc (NASDAQ: GMCR) tumbled 11.63% to $76.80 in the pre-market session. GMCR has launched GMCRWholesale.com for its wholesale customers....
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US Stock Futures Move Up As Trader Focus Shifts To Earnings
Thursday, April 29, 2010 - 9:04am | 287US stock futures moved marginally up today as investors turn their focus on earnings and Hewlett-Packard’s (NYSE: HPQ) takeover deal with Palm (NASDAQ: PALM). While futures on the S&P 500 gained 5.7 points to 1195.80, those on the Nasdaq 100 added 9 points to 2015.75. Meanwhile, Dow Jones...
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Green Mountain Coffee Roasters Plummeting After Earnings (GMCR)
Wednesday, April 28, 2010 - 4:16pm | 225Green Mountain Coffee Roasters (NASDAQ: GMCR) has released their quarterly earnings report. The company reported non-GAAP net income for their fiscal second quarter of $27.8 million, or $0.60 per share. This was a 114% increase year over year, from $13 million, or $0.33 per share in last year's...
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Top Performing Industries For April 28 (MGH, BBW, HL, HUM, TOF)
Wednesday, April 28, 2010 - 3:40pm | 252At 1:03 pm, Dow gained 53.65, or 0.49%, to 11,045.64, while the broader Standard & Poor's 500 index gained 7.06, or 0.60%. The Nasdaq composite index had slipped 2.47 points or 0.10%. The industries that are helping the market keep afloat today are: Gold: The top gainer of the day, this...
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CQB To Suffer Due To EU Pricing Pressure
Tuesday, April 27, 2010 - 10:00am | 177Analysts at BB&T Capital Markets reiterate their “buy” rating on Chiquita Brands International, Inc (NYSE: CQB), while reducing their estimates for the company. The price target for CQB has been reduced from $22 to $19. Throughout the year, EU pricing has been weak. The analysts had expected...
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Kellogg & Smucker Increase Dividends (K, SJM, CPB, GIS, HNZ)
Friday, April 23, 2010 - 2:11pm | 171Kellogg Co. (NYSE: K) and J.M. Smucker Co. (NYSE: SJM) have announced an increase in their respective dividends. Kellogg (K) has increased its quarterly dividend by 8% to 40 cents a share, while Smucker (SJM) has boosted its dividend by 14% to 40 cents a share. Both Kellogg and Smucker offer an...
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Benzinga’s Top Upgrades (SON, COLM, PMC, PFG, HSY)
Friday, April 23, 2010 - 10:32am | 187Sonoco Products Co (NYSE: SON) was upgraded by Deutsche Bank from “hold” to “buy.” Shares of SON have climbed 3.84% to $34.03 at 8:41 am EST. SON’s quarterly earnings growth is 29.81% y/y. Columbia Sportswear Company (NASDAQ: COLM) has been upgraded to “hold” from “sell” by Citigroup. COLM’s shares...
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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Top Stocks of Pennsylvania
Thursday, April 22, 2010 - 2:04pm | 871Pennsylvania is a state that offers affordable living costs and top schools. It provides affordable health care and medical assistance. No wonder so many large corporations are headquartered in Pennsylvania! These are some facts about the state: 1. Pennsylvania is the third largest exporter of...
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Gold Man, Gold Bug, Golden Opportunity, Goldman Sachs (NYSE:GS)
Thursday, April 22, 2010 - 1:38pm | 1796The big news in the markets and media is Goldman Sachs (NYSE:GS), just charged with a fraud suit that alleges they didn’t disclose material information about a CDO they packaged and sold in 2008. The stock promptly sold off to the tune of 15% (down nearly $30, to $155) before rebounding to settle...
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Hershey (HSY) First-Quarter Profit Doubles
Thursday, April 22, 2010 - 1:35pm | 80Hershey Company’s (NYSE: HSY) first-quarter almost doubled as the company benefited from tightening and price increases. The company reported a first-quarter profit of $147.4 million, or $0.64 per share, compared with a profit of $75.9 million, or $0.03 per share it reported for the same period...
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Benzinga’s Top Upgrades (AA, AAI, VIA-B, GMCR, GENZ)
Thursday, April 22, 2010 - 10:11am | 193Alcoa, Inc (NYSE: AA) has been upgraded by HSBC Securities from “underweight” to “neutral.” Shares of AA fell 0.29% to $13.71 at 9:29 am EST. AA’s 52-week trading range is $8.27-$17.56. AirTran Holdings Inc (NYSE: AAI) upgraded to “buy” from “sell” by Argus. Share of AAI slumped by 8.45% to $5.31...