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Bulls Target Dean Foods
Monday, April 5, 2010 - 1:04pm | 118Dean Foods (NYSE: DF) is receiving some bullish call action this morning; the action is coming in the form of purchases on the April and May $17.50 call strikes, where nearly 4,000 calls have been purchased in each month. The stock is currently sitting in the middle of a large gap that was set back...
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Northland Securities Sales Morning Meeting Comments Summary
Monday, April 5, 2010 - 10:22am | 404Northland Securities issued the following ratings and comments: Epiq Systems (NASDAQ: EPIQ) rated as Outperform with a price target of $15.00 “Chapter 11 filings update: Our research indicates that there were 35 cases filed during 1Q10 that required claims agents, down from 38 in 4Q09 AND 45 IN...
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One European ETF That May Be Worth Watching
Sunday, April 4, 2010 - 11:20pm | 201Not as big as France or Germany, and not as beleagured as Greece, Portugal or Spain, the Netherlands and its economy may have gotten lost in the European economic shuffle recently. That doesn't mean there isn't opportunity to be had with the iShares MSCI Netherlands Investable Market Index (NYSE:...
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Hain Celestial Sees Profitable Growth Opportunity With Wal-Mart
Thursday, April 1, 2010 - 11:24am | 129Analysts at BB&T Capital Markets maintain their "buy" rating on The Hain Celestial Group Inc (NASDAQ: HAIN). The target price for HAIN has been raised from $21 to $23. According to BB&T Capital Markets, Hain-Celestial’s US retail sales have risen by roughly 3% versus slightly flat/down...
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Cubist Ends Drug Trial - Analyst Blog
Thursday, April 1, 2010 - 11:16am | 425Cubist Pharmaceuticals Inc. (CBST) has stopped a mid-stage trial of one of its pipeline candidates, CB-500,929 (ecallantide). The drug was being studied for lowering blood loss in patients undergoing cardiac surgery using cardiopulmonary bypass (CPB). The decision to stop the trial was taken...
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Cross-Border And Hostile Deals Give Momentum To M&A (C, AIG, KFT, OSIP, APD)
Thursday, April 1, 2010 - 9:40am | 504Bloomberg reports that the first quarter has seen a rise in mergers and acquisitions with 10 hostile takeovers and more than 2,034 cross-border transactions taking place. According to data compiled by Bloomberg, compared to last year global takeovers rose 5% to $498.24 billion. Cross-Border...
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Janney Capital Markets Rates Chiquita (NYSE:CQB) As Buy
Wednesday, March 31, 2010 - 9:11am | 253Analysts at Janney note that European pricing is down, but still rate Chiquita (NYSE: CQB) as Buy based on other considerations. They note that “European ratification of the tariff reductions agreed to last fall appears to be on track, with as much as $0.60 EPS in benefits to CQB that is not...
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U.S. Equity Market Preview (CQB, FSII, HON, LNDC, SAI, ZZ)
Wednesday, March 31, 2010 - 6:52am | 281Shares of the following companies will see some unusual movements in trading on Wednesday, according to Bloomberg. Chiquita Brands International, Inc. (NYSE: CQB), a marketer and distributor of bananas and other fresh produce, expects first-quarter results to be “substantially lower” than previous...
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Daily Quality Update from Ascendere Associates LLC - March 30, 2010
Tuesday, March 30, 2010 - 10:30pm | 678At the market close on March 30, 2010, 'high-quality' stocks in the Ascendere Long/Short Model Portfolio rose 0.11% and 'low-quality' stocks in the short portfolio declined -0.10%. Given the 120/80 long/short weighting, the portfolio appreciated 0.22% for the day. The model...
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Benzinga’s Top Downgrades (BWY , TNDM, CALM, GNVC, MPG)
Tuesday, March 30, 2010 - 10:45am | 245Bway Holding Company (NYSE: BWY) was downgraded by JP Morgan from “overweight” to “neutral.” BWY closed at $20.07 yesterday. BWY has a 52-week trading range of $7.58-$20.97. Read more about this company here. Oppenheimer downgraded Neutral Tandem Inc (NASDAQ: TNDM) from “outperform” to “perform.”...
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Ralcorp Holdings, Inc. (RAH) Maintains Buy (1) Rating; Estimates Raised
Tuesday, March 30, 2010 - 8:01am | 121Analysts Heather L. Jones and Brett M. Hundley at BB&T Capital Markets have released an update on Ralcorp Holdings, Inc. (NYSE: RAH). Ralcorp’s private label volume showing improved considerably in the first-quarter. The improvement was driven by frozen bakery and snack volumes. Analysts...
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U.S. Equity Market Preview (BJ, BBI, CEPH, DHR, MYGN)
Tuesday, March 30, 2010 - 7:14am | 323Shares of the following companies may see some unusual movements in trading on Tuesday, according to Bloomberg. BJ’s Wholesale Club, Inc. (NYSE: BJ), a warehouse club operator in the Eastern United States, has increased the size of its share buyback program by $200 million. Shares of BJ’s Wholesale...
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Cal-Maine Foods Posts Impressive Quarterly Results (CALM)
Monday, March 29, 2010 - 2:31pm | 122Cal-Maine Foods (NASDAQ: CALM) has reported impressive quarterly profits, surpassing market expectations. The company has also tripled its quarterly dividend. Cal-Maine Foods deals in specialty eggs and own brands such as Egg-Land’s Best and Farmhouse. The company reported encouraging trend in its...
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The Agriculture ETF (MOO) Will See Continued Strength On Agribusiness Acquisitions
Monday, March 29, 2010 - 1:01pm | 2194“Fueled by top components like Potash (POT), Monsanto (MON), Mosaic (MOS) and Deere (DE), the Market Vectors Agribusiness ETF (MOO) continues to gain momentum. (MOO) is a well-balanced, low-cost, tax-efficient way to gain exposure to 46 global agribusiness firms. Many of the companies in the...
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Benzinga’s Top Downgrades (CNQ, K, PEET, BSY, TAP)
Monday, March 29, 2010 - 10:16am | 256Canadian Natural Resource Ltd (NYSE: CNQ) was downgraded by UBS from “buy” to “neutral.” CNQ closed at $70.01 on Friday. CNQ’s 52-week trading range is $37.48-$76.24. Read more about this company here. BMO Capital Markets downgraded Kellogg Company (NYSE: K) from “outperform” to “market perform.”...