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Morning Market Losers
Thursday, July 14, 2011 - 8:59am | 107Coffee Holding Co Inc (NASDAQ: JVA) dipped 10.07% to $20.73 at 9:55 am. JVA shares have jumped 363.45% over the past 52 weeks, while the S&P 500 index has gained 20.32% in the same period. SMF Energy Corporation (NASDAQ: FUEL) shares dropped 8.64% to $1.48. FUEL had $109.00 thousand in total...
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Citi Reiterates Buy on General Mills
Thursday, July 14, 2011 - 7:33am | 41Citi reiterated its Buy rating on General Mills (NYSE: GIS). At the moment, the rating agency has a price target of $44 placed on the company's stock. On Wednesday, GIS closed the day at $36.88.
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Deutsche Bank Maintains Buy on General Mills
Thursday, July 14, 2011 - 7:22am | 96Deutsche Bank is out with its report today on General Mills (NYSE: GIS), maintaining Buy. In a note to clients, Deutsche Bank writes, "Our BUY opinion is based on leading share in many U.S. categories (cereal, refgd. dough, yogurt, cake mix), relatively low valuation (13.3x C2012E P/E), possible...
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Jefferies Maintains Hold on General Mills
Thursday, July 14, 2011 - 6:53am | 112Jefferies is out with its report on General Mills (NYSE: GIS), maintaining Hold. In a note to clients, Jefferies writes, "GIS provided FY15 EPS guidance of $3.38, a 9.0% CAGR from FY12 guidance, and indicated that it might exceed the target due to the Yoplait benefits. We remain cautious on what...
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Bank of America Maintains Buy Rating on General Mills
Thursday, July 14, 2011 - 6:38am | 81Bank of America is maintaining its FY12E EPS of $2.58 on shares of General Mills, Inc. (NYSE: GIS) “but modestly revise our FY13E/FY14E EPS from $2.76/2.96 to $2.78/$2.98.” “Our revised estimates reflect the addition of Yoplait to our model,” Bank of America writes. “Our $42 PO implies 16.9x our...
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Citi Top Calls 7/14/11
Thursday, July 14, 2011 - 5:48am | 140Capital One Financial (NYSE: COF) had its rating reiterated at Buy. At the same time, its price target was maintained at $66. On Wednesday, COF lost 2.62% of its value to finish the day at $50.87. Its shares continued to lose value in today's pre-market trading, falling 1.32% to $50.10. General...
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Premier Foods Appoints Mike Clarke As CFO
Thursday, July 14, 2011 - 3:19am | 58Premier Foods PLC (OTC: PRRFY) appointed Mike Clarke as the new CEO of the company. Clarke will succeed Robert Schofield as the CFO. Clarke is presently president of Kraft Foods Inc's (NYSE: KFT) European operations. PRRFY shares dipped 6.35% to close at $2.80 yesterday.
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Stocks to Watch for Thursday 7/14/2011: Fresh 52 Week Highs and Lows
Thursday, July 14, 2011 - 1:29am | 1820Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...
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Soft Landing In China Could Spark Commodities
Wednesday, July 13, 2011 - 1:54pm | 438China is back to kicking the rest of the world's butt, posting year-over-year GDP growth of 9.5% last quarter. The boost was down a hair from first quarter's 9.7% but up from the expected rise of 9.3%. I shudder to think what Obama would do for one quarter of 9.7% growth... Overall, the picture in...
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Cincinnati Bell to Sell Complete Protection™ Security Monitoring Business to Guardian Alarm Company
Wednesday, July 13, 2011 - 9:49am | 249Cincinnati Bell Inc. (NYSE: CBB) today announced the signing of a definitive agreement to sell its Complete Protection security monitoring business to Guardian Alarm Company. Cincinnati Bell will continue to offer Complete Protection services through a marketing agreement with Guardian. “Guardian...
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Benzinga's Volume Movers
Wednesday, July 13, 2011 - 9:37am | 147Clean Energy Fuels Corp (NASDAQ: CLNE) shares surged 11.54% to $16.82 at 10:35 am. The volume of CLNE shares traded was 729% higher than normal. Analysts at Bank of America upgraded CLNE from “underperform” to “buy.” Coinstar Inc (NASDAQ: CSTR) shares moved up 3.17% to $59.20. The volume of CSTR...
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Coffee Holding Jumping Again, Up 11%
Wednesday, July 13, 2011 - 9:35am | 44Coffee Holding Co., Inc. (NASDAQ: JVA) shares are soaring today, after plunging sharply yesterday following three months of seemingly never ending gains. At last check, shares were trading at $24.87, a gain of $2.50 or 11.18% on 1.1 million shares.
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Calls Purchased on Chiquita Brands International
Wednesday, July 13, 2011 - 9:29am | 135Shares of Chiquita Brands International (NYSE: CQB) are higher on the session by 2.89%, currently trading at $12.80. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A...
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Deutsche Bank Reiterates Hold on Campbell Soup
Wednesday, July 13, 2011 - 8:40am | 80Deutsche Bank is out with its report today on Campbell Soup (NYSE: CPB), reiterating Hold. In a note to clients, Deutsche Bank writes, "While positives now include more realistic financial goals, a still solid BS/FCF, and a focused portfolio with well-recognized brands, we remain cautious as...
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Citi Reiterates Hold On CPB
Wednesday, July 13, 2011 - 7:32am | 111Citi is reiterating its Hold rating and is also maintaining its $36 price target on Campbell Soup (NYSE: CPB) as the company begins to heavily reinvest back into itself. Says Citi, in its report, “We are raising our F4Q11 EPS estimate to $0.39 (+5c) due to revised guidance. Additionally, we are...