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Morgan Stanley Upgrades DLM On Healthy Q4 Results
Friday, March 5, 2010 - 1:12pm | 51Analysts at Morgan Stanley upgrade Del Monte Foods (NYSE: DLM) from "underweight" to "equal weight." According to Morgan Stanley, the upgrade in the rating follows the strong Q4 results and robust guidance announced by Del Monte Foods. DLM’s shares closed at $13.46 yesterday.
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BB&T Capital Markets Downgrades Sanderson Farms (SAFM) To Hold
Friday, March 5, 2010 - 11:13am | 61Shares of Sanderson Farms, Inc. (Nasdaq: SAFM) were downgraded by BB&T Capital Markets from a rating of Buy to a rating of Hold. After closing on Thursday at $52.59, Sanderson Farms opened Friday trading at $50.62 and were down nearly 5% shortly after the market opened. Sanderson Farms has a 52...
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BB&T Capital Markets Downgrades Tyson Foods (TSN) To Hold
Friday, March 5, 2010 - 11:06am | 50Shares of Tyson Foods, Inc. (NYSE: TSN) were downgraded by BB&T Capital Markets from a rating of Buy to a rating of Hold. After closing Thursday at $17.50, Tyson Foods opened at $17.06 today and were down nearly 2% 30 minutes after the market opened.
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Benzinga’s Top Pre-Market Gainers (ITMN, CWTR, DMND, CPBY)
Friday, March 5, 2010 - 9:15am | 271InterMune, Inc. (NASDAQ: ITMN) rose 66.53% to $24.02 in the pre-market session. InterMune announced today that the U.S. Food and Drug Administration has posted briefing documents for the March 9 Pulmonary-Allergy Drugs Advisory Committee meeting to review the New Drug Application for pirfenidone,...
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Del Monte (DLM) Reports Lower Q3 Profits
Thursday, March 4, 2010 - 7:06pm | 99Del Monte Foods Co. (NYSE: DLM) reported a decline in Q3 profit to $59.4 million (29 cents per share) from $60.5 million (30 cents per share), in the year-ago quarter. Q3 revenue rose 8% to $1.01 billion from $942.3 million, whereas analysts expected an adjusted profit of 21 cents per share and...
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Top 5 Stocks For March 4, 2010 (TNK, URBN, WEN, DLM, MDS)
Thursday, March 4, 2010 - 8:34am | 289Teekay Tankers (NYSE: TNK) is expected to post its earnings for the latest quarter at $0.17 per share. TNK is set to report its results before market opens. TNK’s shares gained 2.54% to close at $10.50 yesterday. Read more about this company here. Analysts expect Urban Outfitters (NASDAQ: URBN) to...
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Nestle And Others Get An FDA Warning (NSRGY, DMND, HAIN)
Wednesday, March 3, 2010 - 10:58pm | 155The FDA has issued a warning to Nestle (OTC:NSRGY) and a dozen other foodmakers over their misleading nutritional claims. In a publicly released letter, the FDA has insinuated the companies are exaggerating the nutritional value of their foods. The U.S. Food and Drug Administration is currently...
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Tuesday's Hot Stocks: One Fahionable Option Trade
Wednesday, March 3, 2010 - 10:27am | 2788With the major indices trading slightly higher Tuesday, there were 28 stocks which broke higher on BIG volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to...
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The Economist: World Trade Recovery in Progress, But Strength of Rebound Remains Uncertain
Wednesday, March 3, 2010 - 9:33am | 980Before Greece became famous for its massive debts, it was known mostly as the nexus of global shipping companies - at least in investment circles. While there still appears to be a large oversupply of ships relative to demand, and apparently countless ships still sit unused off the shore of...
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Sara Lee To Buy Back $500 Million In Shares (SLE, GS)
Tuesday, March 2, 2010 - 2:52pm | 129Sara Lee Corp. (NYSE: SLE) has entered into an agreement with Goldman Sachs Group, Inc. (NYSE: GS) to buy back $500 million of its shares on an accelerated basis, as it moves to use the funds from the sale of its household and body-care businesses. This repurchase will reduce the company’s...
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MarkWest Energy Tops View - Analyst Blog
Tuesday, March 2, 2010 - 12:33pm | 713MarkWest Energy Partners L.P. (MWE), a master limited partnership (MLP), reported significantly better than expected fourth quarter results. Earnings per unit, excluding mark-to-market derivative loss and compensation expense, came in at 75 cents, which was way ahead of the Zacks Consensus...
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Warren Buffett's Top Yielding Stocks
Tuesday, March 2, 2010 - 2:53am | 392If you like dividends and you like Warren Buffett, it won't do you any good to by Berkshire Hathaway (BRK-A) (BRK-B), since the stock doesn't pay a dividend. So what's an income investor to do? You review all the stocks owned by Warren Buffett, then find the stocks with the highest yields and best...
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The Big Picture for the Week of February 28, 2010
Saturday, February 27, 2010 - 9:17am | 1215Another assist today from Market Folly as they review an agricultural fund from Passport Capital. In the report that Market folly published Passport disclosed being up 10.3% in the period reported versus 66.6% for Market Vectors Agribusiness ETF (MOO). I recently added this ETF to client accounts....
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Company News for February 26, 2010 - Corporate Summary
Friday, February 26, 2010 - 10:27am | 196• AIG (NYSE:AIG) posted an $8.9 billion loss and said it could knock on the US government’s door to help meet its obligations • CKE Restaurants (NYSE:CKR) will be purchased by Thomas H Lee Partners for $928 million, or $11.05 per share • Interpublic Group (NYSE:IPG) reported inline sales and...
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KFT Reinstated With Hold
Friday, February 26, 2010 - 10:24am | 49Analysts at Deutsche Bank reinstate coverage of Kraft Foods (NYSE: KFT) with a "hold" rating. The target price for KFT is set to $31. KFT’s shares closed at $28.81 yesterday. More Analyst Ratings here