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PNC Financial Exits TARP - Analyst Blog
Tuesday, February 16, 2010 - 1:27pm | 775PNC Financial Services Group (PNC) has set itself free from the Troubled Asset Relief Program (TARP) by redeeming $7.6 billion of Series N preferred shares held by the United States Treasury. In order to fund the transaction, PNC Financial had issued $3.0 billion in stock earlier during the month...
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Kraft Foods (KFT) Profits Up Nearly 300%
Tuesday, February 16, 2010 - 12:13pm | 96Kraft Foods Inc. (NYSE: KFT) reported that its 4th quarter profits rose nearly 300% from a year earlier. Kraft Foods Inc. reported net income of $710 million, or 48 cents per share, up from net income of $178 million, or 12 cents per share, during the same quarter a year earlier. A survey of...
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Company News for February 16, 2010 - Corporate Summary
Tuesday, February 16, 2010 - 10:38am | 250• Kraft (NYSE:KFT) posted better-than-expected fourth quarter earnings, with results 3 cents ahead of estimates at 48 cents, but revenues of $11 billion were just below $11.07 billion projections • Merck (NYSE:MRK) beat earnings and sales estimates and backed 2010 guidance, with adjusted earnings...
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Stock Market News for February 16, 2010 - Market News
Tuesday, February 16, 2010 - 10:30am | 445China’s move to contain rapid credit growth by limiting bank loans and European Union’s weak gross domestic product unnerved investors Friday, sending the Dow average down as much as 160 points in the morning session. Later, the blue-chip index pared much of those losses to close down 45 points as...
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US Stock-Index Futures Rise On Higher Commodity Prices, Better Earnings Results
Tuesday, February 16, 2010 - 9:58am | 218US stock-index futures advanced today, indicating that the Standard & Poor’s 500 Index may continue its upward trend as commodity prices pushed raw-material stocks higher. The index had seen its first rally in five weeks last week. Newmont Mining Corp (NYSE: NEM) and Alcoa Inc (NYSE: AA)...
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JM Smucker (SJM) Initiated With Market Perform
Friday, February 12, 2010 - 10:08am | 55Analysts at Bernstein initiate coverage of The JM Smucker Company (NYSE: SJM) with a "market perform" rating. The target price for SJM is set to $68. SJM’s shares fell by 0.02% to close at $59.70 yesterday. Read more about the market
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Benzinga’s Top Downgrades (ELON, DF, BSX, SNI, SLAB)
Thursday, February 11, 2010 - 2:12pm | 228Echelon Corporation (NASDAQ: ELON) was downgraded by Piper Jaffray from “neutral” to “underweight.” ELON’s shares had slipped 2.75% to $7.77 by 9:27 a.m. Echelon has a 52-week trading range of $5.13-$15.38. Deutsche Bank downgraded Dean Foods Co (NYSE: DF) from “buy” to “hold.” GME’s shares had...
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Five Top Consumer Good Stocks of the Coming Quarter (HNZ, JNJ, WMT, MO, PG)
Thursday, February 11, 2010 - 11:22am | 138Impressed with Heinz's (NYSE: HNZ) international exposure and ability to grow volumes without resorting to price discounting, Erin Ashley Smith of Argus Research Company considers Heinz a company with investment potential. Smith, for her part, says she is currently looking favorably at companies...
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Peak6 Believes Mosaic (MOS) Should Be On Your Radar
Wednesday, February 10, 2010 - 6:04pm | 150Mosaic (NYSE: MOS) gave a very bullish conference call today, saying that the demand for fertilizers is rising. Jared Levy of Peak6 said that investors should take a closer look at agriculture stocks, because he expects fertilizer prices to go up on a strong demand. He especially likes Mosaic (MOS...
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Dean Foods (DF) Shares Plunge 16%
Wednesday, February 10, 2010 - 3:36pm | 141Shares of Dean Foods Co. (NYSE: DF) plunged as much as 16% after the company forecast 1st quarter and 2010 earnings below consensus analyst estimates. A Bloomberg survey of analysts showed an average estimate for 1st quarter profits of 41 cents per share. However, Dean Foods said that profits will...
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KFT Added To Focus List
Wednesday, February 10, 2010 - 11:44am | 158Analyst Terry Bivens of JP Morgan maintains his "overweight" rating on Kraft Foods (NYSE: KFT), while raising his estimates for the company. The target price for KFT is set to $34. According to JP Morgan, Kraft Foods’ earnings profile will improve significantly following the acquisition of Cadbury...
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Standpoint Reiterates Buy, Raises Price Target For Sara Lee (SLE)
Wednesday, February 10, 2010 - 11:25am | 74Standpoint Research reiterated their Buy rating on shares of Sara Lee (NYSE: SLE) and raised the price target from $16 to $18. The stock is 0.71% higher to $12.73 during the current trading session. Sara Lee Corporation (SLE) is a global manufacturer and marketer of brand-name products for...
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Benzinga’s Top Losers (ISIS, ULTI, PKY, KAZ, DF)
Wednesday, February 10, 2010 - 10:57am | 309ISIS Pharmaceuticals, Inc. (NASDAQ: ISIS) decreased 16.85% to $9.19 on 2.21 million shares. Genzyme Corp. (NASDAQ: GENZ) and Isis Pharmaceuticals announced today that the phase 3 study of mipomersen in patients with heterozygous familial hypercholesterolemia met its primary endpoint with a highly...
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Benzinga’s Earnings Roundup (CSC, DF, SIAL, SNI)
Wednesday, February 10, 2010 - 10:20am | 283Computer Sciences Corp (NYSE: CSC) today announced its third-quarter profits at $211 million, or $1.36 a share, up from $161 million, or $1.06 a share, in the same quarter a year ago. CSC’s revenues for the quarter came in at $3.95 billion. Analysts on an average expected quarterly profits of $1.23...
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Top 5 Stocks For February 10, 2010 (DF, JNY, CAT, NYT, S)
Wednesday, February 10, 2010 - 9:43am | 174Dean Foods Company (NYSE: DF) has projected earnings of $0.38 per share. DF is scheduled to post its results prior to market open. DF moved up 1.32% to $17.64 in yesterday’s trading. Analysts expect clothing company Jones Apparel Group (NYSE: JNY) to earn $0.11 per share before the bell. JNY’s...