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Peet's Increases Offer For Diedrich To $265 Million
Monday, November 23, 2009 - 3:26pm | 106Peet's Coffee & Tea (Nasdaq: PEET) raised its offer for the wholesale roaster and distributor Diedrich Coffee Inc. (Nasdaq: DDRX) by about 24% to $265 million. The new offer values Diedrich at $32 a share, $2 a competing bid from Green Mountain Coffee Roasters (Nasdaq: GMCR). Under the terms of...
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Company News for November 23, 2009 - Corporate Summary
Monday, November 23, 2009 - 10:11am | 220• A large run of holiday sales offerings crashed the Ebay (NASDAQ:EBAY) website, causing a major weekend web outage • Tyson Foods (NYSE:TSN) reported better-than-expected earnings of 28 cents a share, beating Zacks estimates by 2 cents, on revenues of $7.2 billion, which exceeded Zacks estimates of...
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Stock Market News for November 23, 2009 - Market News
Monday, November 23, 2009 - 10:08am | 514Investors appear worried that the economy is not keeping up with the eight-month old rally in the stock market. Disappointing outlook and grim economic data are further fueling concerns that markets are ripe for a pullback and a full-blown economic recovery would take time. On Friday, the 30-share...
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Longtop Financial: Using Vertical Option Spreads to Capture the Next Move
Monday, November 23, 2009 - 10:05am | 1748With the market trading relatively flat on November options expiration Friday, there were several stocks that hit my radar which traded higher on BIG volume. In this post, I will name 11 stocks which traded higher Friday November 20, 2009. I will be checking these stocks frequently to see if...
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Benzinga's Earnings Preview (HPQ, ADI, BRCD, TSN, CPB, JOBS)
Monday, November 23, 2009 - 6:21am | 143Hewlett-Packard Company (NYSE: HPQ) is expected to report earnings of $1.12 a share in the fourth quarter, according to a consensus survey by FactSet Research. Analog Devices, Inc. (NYSE: ADI) is projected to post earnings of 26 cents a share in the fourth quarter. Brocade Communications Systems...
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Cadbury Prefers Hershey Over Kraft
Sunday, November 22, 2009 - 10:05pm | 111British candymaker Cadbury (NYSE: CBY) is rumored to prefer a marriage with Hershey (NYSE: HSY) over a possible combination with Kraft (NYSE: KFT), according to press reports. Dow component Kraft has offered $16.7 billion for Cadbury in a hostile bid and the charitable trust that controls Hershey...
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Jim Cramer Is Bearish On LVS, SAY, CZZ, XTEX
Saturday, November 21, 2009 - 10:25am | 169CNBC's Mad Money Jim Cramer is bearish on Las Vegas Sands (NYSE: LVS) and prefers Wynn Resorts (NYSE: WYNN)instead. Las Vegas Sands (LVS) dropped 3.54% on Friday and WYNN lost 0.41%. Cramer also recommended investors to stay away from Satyam Computer Services Limited(ADR) (NYSE: SAY)as he still...
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Stocks That Will Continue to Achieve New Highs (BBY, SJM, AGU, KO, TRA, MRK, CTL)
Friday, November 20, 2009 - 5:21pm | 266Best Buy Co Inc (NYSE: BBY) shares began their uptrend movement on October 30, and there are no reversal signs in sight so far. The stock could add some points as holiday season is nearing. The JM Smucker Company (NYSE: SJM) shares have appreciated today by 5.25% to $56.29 after witnessing...
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Procter & Gamble Still On The Hunt For Acquisitions
Friday, November 20, 2009 - 3:52pm | 96Procter & Gamble (NYSE: PG), the Dow component and the world's largest maker of consumer staples items, said it is still interested in acquisitions to fill voids in its consumer products portfolio. Jon Moeller, P&G's CFO, told analysts the company would consider additions to its household...
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New 52-Week High Stocks (NLST, PFE, TRA, SJM, DBRN)
Friday, November 20, 2009 - 1:08pm | 211Netlist, Inc. (NASDAQ: NLST) hits a new 52-week high at $7.80 in today’s morning trade. Currently NLST is trading at $7.42, up 31%. In the past one month, the stock is up over 1090%. Pfizer Inc. (NYSE: PFE) rose 1.54% to $18.39 on 32.29 million shares. Today Drug developer Pfizer Inc. said Friday...
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Company News for November 20, 2009 - Corporate Summary
Friday, November 20, 2009 - 10:07am | 213• DR Horton (NYSE:DHI) reported a fiscal fourth quarter loss of 73 cents, versus Zacks projections of a 27 cents loss, on revenues of $1.01 billion, which was inline with Zacks estimates. According to Chairman Donald R. Horton, "Our net sales orders in the September quarter reflected a 26%...
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Benzinga's Earnings Preview (ANN, SJM, DHI, CRMT, KIRK)
Friday, November 20, 2009 - 6:12am | 123AnnTaylor Stores Corp. (NYSE: ANN) is expected to report third quarter earnings of 7 cents a share, according to a consensus survey by FactSet Research. The J.M. Smucker Company (NYSE: SJM) is forecast to post earnings of $1.04 a share in the second quarter. D.R. Horton, Inc. (NYSE: DHI) is...
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Best Performing Stocks of the Decade: 1900% to 7900% Gains
Wednesday, November 18, 2009 - 1:22pm | 1036I emailed the the originator of this list, Eddy Elfenbein of Crossing Wall Street, to see what his parameters for "Top Stocks of the Decade" were and there was but one: The universe was any stock traded on a US exchange that had a price of at least 50 cents on 12/31/99. Despite a lost decade in...
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Possibility of HSY and Ferrero Placing a Joint Bid Equal: JP Morgan
Wednesday, November 18, 2009 - 10:43am | 197Terry Bivens of JP Morgan maintained his “underweight” rating on Hershey (NYSE: HSY). The target price is set to $38. The Wall Street Journal had reported that HSY, along with chocolate maker Ferrero, may launch an acquisition bid for Cadbury (NYSE: CBY). According to JP Morgan, there is a...
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Company News for November 18, 2009 - Corporate Summary
Wednesday, November 18, 2009 - 10:07am | 228• TJX (NYSE:TJX) posted a larger-than-anticipated profit as demand for discounted consumer products continued. The firm said it sees fourth-quarter earnings of 65 cents to 71 cents a share from continuing operations • Saks (NYSE:SKS) reported a surprise quarterly profit • Microsoft (NASDAQ:MSFT)...