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Company News for March 11, 2010 - Corporate Summary
Thursday, March 11, 2010 - 10:18am | 194• BP (NYSE:BP) plans to pay Devon Energy (NYSE:DVN) $7 billion for assets in Brazil, the Gulf of Mexico and Azerbaijan • United Technologies (NYSE:UTX) announced that its board authorized buying back up to 60 million shares of its common stock, worth $3.4 billion at current levels • Goldman Sachs (...
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Stock Market News for March 11, 2010 - Market News
Thursday, March 11, 2010 - 10:13am | 458Renowned banking analyst Dick Bove's positive comments on Citigroup and strength in technology shares helped lift stocks Wednesday even as buying remained subdued in the absence of market-moving catalysts. The Dow Jones industrial average advanced 3 points, or about 0.03%, to close at 10,567. ...
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Benzinga’s News Roundup (BBBY, SFD, DPS, DVN)
Thursday, March 11, 2010 - 9:51am | 275Bed Bath & Beyond Inc. (NASDAQ: BBBY) was downgraded today by FBR Capital from Market Perform to Underperform and the price target reduced from $38.50 to $38. Bed Bath & Beyond declined 1.54% to $41.03 in the pre-market session. The 52 week trading range for BBBY is $21.37 -$43.42....
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Smithfield Foods (SFD) Swings To 3rd Quarter Profit
Thursday, March 11, 2010 - 9:13am | 89Smithfield Foods, Inc. (NYSE: SFD) reported on Thursday morning that it had swung to a 3rd quarter profit of $37.3 million, or 22 cents per share, from a loss of $105.7 million, or 74 cents per share, a year earlier. The meat producer's adjusted net income for the 3rd quarter was also 22 cents per...
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Mad Money Lightning Round: Jim Recommends ERTS, INCY, MNRO, CTSH, GST, CREE, GLW, NFLX
Thursday, March 11, 2010 - 9:07am | 425In his “Mad Money Lightning Round,” Jim Cramer said that he has been recommending Electronic Arts (NASDAQ: ERTS), which has been going strong due to its acquisition of social media game play Playfish. ERTS lost 1.02% in the after hours session. Jim said he liked Incyte (NASDAQ: INCY) as it is an...
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Top 5 Stocks For March 11, 2010 (JW-A, REVU, SFE, SFD, PSUN)
Thursday, March 11, 2010 - 7:55am | 274Analysts expect publisher John Wiley & Sons (NYSE: JW-A) to post earnings of $0.74 per share for the latest quarter. JW-A is to announce its results before the opening bell today. JW-A’s shares fell 0.09% to close at $43.63 yesterday. Read more about this company here. Test preparation firm,...
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Wal-Mart To Refill Its Action Alley : Credit Suisse (WMT, CS)
Wednesday, March 10, 2010 - 8:31pm | 156Wal-Mart (NYSE: WMT) is looking to refill some portions of its Action Alley. The idea behind the move is to encourage sales volume, and footfalls. According to a report released by Credit Suisse (ADR) (NYSE: CS), consumer companies such as PepsiCo (NYSE: PEP), and Kellogg (NYSE: K) are likely to...
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Mad Money Lightning Round: Jim Recommends JCG, RRC, ADSK, UPS, WEN, CMG, DLM, GLD, AEM, AMSC Over SLW, IMAX, WEN, QCOM And EXPD
Wednesday, March 10, 2010 - 8:12am | 394During the "Mad Money Lightning Round," Jim Cramer said that the performance of J Crew (NYSE: JCG) was impressive and its stock should be bought into if there is any weakness. Jim thinks that Range Resources (NYSE: RRC) is a natural takeover target and should be bought at first instance. He...
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Citigroup In Favour Of Cadbury’s Acquisition By KFT
Tuesday, March 9, 2010 - 9:49am | 73Analysts at Citigroup reiterate their "buy" rating on Kraft Foods (NYSE: KFT). The target price for KFT has been raised from $33 to $36. According to Citigroup, the acquisition of Cadbury would prove favorable for Kraft Foods. KFT's stock is attractively valued at the current levels, the analysts...
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Top 5 Stocks For March 9, 2010 (DKS, KR, TSTY, JCG, JPM)
Tuesday, March 9, 2010 - 9:01am | 270Wall Street is expecting sporting goods maestros Dick's Sporting Goods (NYSE: DKS) to have earned $0.55 per share in the latest quarter. DKS is set to report its earnings before the opening bell today. DKS gained 1.29% to $25.95 in after hours trading. Read more about this company here....
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Mad Money Lightning Round: Jim Promotes CSCO, V, FSYS, FFIV, GFA, ARBA, C, AAPL
Tuesday, March 9, 2010 - 8:11am | 354In his "Mad Money Lightning Round," Jim Cramer disclosed that his charitable trust owns Cisco Systems (NASDAQ: CSCO). He continues to believe that CSCO will not be expensive even at $35 a share. CSCO moved up 0.46% in the after hours session, following its 3.65% rise in yesterday’s trading. Cramer...
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Cramer On Mad Money Recommends JCG, MW, GNTX, DMA; Asks Investors To Avoid CRZO, CLNE
Monday, March 8, 2010 - 8:32am | 442On his "Mad Money" TV show on Friday, Jim Cramer told investors that the game plan for the week starting March 8 would be to focus on the sentiments conveyed by individual companies, rather than on macroeconomic data. Cramer recommended buying J Crew (NYSE: JCG) ahead of its earnings results....
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Coca-Cola (K) Might Pay A $15 Million Advisory Fee To Allen & Co. LLC
Friday, March 5, 2010 - 11:27pm | 123Coca-Cola Company (NYSE: K) might pay a $15 million fee to Allen & Co. LLC for advising on the acquisition of North American bottling operations of Coca Cola Enterprise (NYSE: CCE), according to a Bloomberg report. Allen & Co. LLC is tied to Herbert A. Allen, who has also been a Coca-Cola...
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Benzinga’s Volume Movers (RCNI, ITMN, DMND, SXCI, NUAN)
Friday, March 5, 2010 - 2:59pm | 284RCN Corp (NASDAQ: RCNI) shares climbed 23.25% to $15.11. The volume of RCNI shares traded was 18494% higher than normal. RCNI has agreed to be acquired by a private equity firm for about $570 million. InterMune Inc (NASDAQ: ITMN) shares soared 54.83% to $22.61. The volume of ITMN shares traded was...
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Benzinga’s Top Downgrades (ANF, SATC, PACW, ZEP, SAFM)
Friday, March 5, 2010 - 2:57pm | 196Abercrombie & Fitch Co (NYSE: ANF) was downgraded by RBC Capital Markets from “outperform” to “sector perform.” ANF’s shares gained 1.45% to $42.12 at 12:53 pm. Abercrombie & Fitch’s shares have added 102.64% over the past 52 weeks. Ardour Capital downgraded Satcon Technology Corporation...