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Stocks to Watch for Monday 07/11/11: Fresh 52 Week Highs and Lows
Sunday, July 10, 2011 - 5:15pm | 2231Stocks 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 Friday's trading session (listed from highest total volume to lowest): 1) Melco Crown Entertainment (NASDAQ:...
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All's Fair in Coffee and Sugar
Sunday, July 10, 2011 - 4:38am | 1697By EconMatters You might recall that bitter coffee divorce from last December when Kraft Food (KFT) took Starbucks (SBUX) to court to prevent Starbucks from unwinding a 13-year packaged coffee distribution partnership. Well, that food fight has finally come to close with the partnership...
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Hottest and Coldest Sectors for Friday 7/8/11
Friday, July 8, 2011 - 4:24pm | 1918The S&P 500 lost 9.4 points, or 0.7%, in Friday's trading session, as a weaker-than-expected jobs report put an end to the recent market rally. The SPX is now 26.78 points lower than its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Friday's session is as follows...
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Thursday, July 7, 2011 - 11:59pm | 2553Stocks 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 Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 6:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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Recovery in Place? 07-07-2011
Thursday, July 7, 2011 - 5:33pm | 906Cusick's Corner Now we wait for payrolls and unemployment pre-market and while that is important, the market already ran up on what is expected to be a better than expected private payrolls. So what does this mean for all of us if we start seeing data like this? Well, recovery is in place,...
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Five Undervalued Blue Chips with Above-average and Growing Yield
Thursday, July 7, 2011 - 3:17pm | 1205Yesterday the following PRNewswire press release reported that S&P indices announced a powerful uptrend in dividend increases for calendar year 2011. This provides continued validation of the unique opportunity that blue-chip dividend paying stocks offer investors today. Five Dividend Paying...
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Puts Purchased on Hormel Foods Corporation
Thursday, July 7, 2011 - 1:18pm | 117Shares of Hormel Foods Corporation (NYSE: HRL) are lower on the session by 1.32%, currently trading at $29.89. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short...
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Thursday's Put/Call Ratio Leaders
Thursday, July 7, 2011 - 12:31pm | 78Here are today's Put/Call Ratio leaders… 1. Hormel Foods (NYSE: HRL) 2,642 puts, 34 calls 2. Thoratec Corp. (NASDAQ: THOR) 7,363 puts, 160 calls 3. Santander Finance Preferred (NYSE: STD) 4,375 puts, 159 calls 4. HSBC Holdings (NYSE: HBC) 4,385 puts, 171 calls 5. Forest Laboratories (NYSE: FRX) 4...
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Sara Lee Corporation Names Maria Henry CFO of North American Business
Thursday, July 7, 2011 - 9:09am | 57Sara Lee Corp. (NYSE: SLE) announced today that it has named Maria Henry chief financial officer of Sara Lee's North American operations, effective July 18, 2011. She will serve as the chief financial officer for Sara Lee after the spin-off of the International Coffee and Tea business is complete...
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Goldman Sachs Raising Estimates On Sara Lee
Thursday, July 7, 2011 - 7:12am | 126Goldman Sachs is raising estimates on shares of Sara Lee (NYSE: SLE), and the price target goes to $22 from $19, but it has a Neutral rating on shares. In a note to clients, Goldman Sachs writes, "We are raising our estimates and price target on SLE ahead of a series of potential catalysts. We...
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UPDATE: Goldman Sachs Raises PT on Sara Lee to $22
Thursday, July 7, 2011 - 6:54am | 93Goldman Sachs is out with its report today on Sara Lee (NYSE: SLE), raising its PT from $19 to $22. In a note to clients, Goldman Sachs writes, "We are raising our 12-month sum-of-the parts blended P/E- and EV/EBITDA-based price target to $22 (ex dividend), from $19, as we roll forward our...
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J.P. Morgan Reiterates Neutral Rating On Campbell Soup Company
Thursday, July 7, 2011 - 6:41am | 94According to J.P. Morgan, Campbell Soup Company (NYSE: CPB) will host its investor day Tuesday, July 12, at its Camden, N.J., headquarters. J.P. Morgan said that it no longer believe a sharpening of price points in the sluggish soup business is likely. “Instead, we believe incoming CEO Denise...
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Goldman Sachs Remains Above Consensus on Sanderson Farms
Thursday, July 7, 2011 - 6:38am | 80“We remain above consensus for Sanderson Farms, Inc. (NASDAQ: SAFM) in FY12 at $4.09 vs $2.86 as we expect 10%-15% chicken price inflation as supply cuts flow through,” Goldman Sachs wrote in a report this morning. “Recent data points suggest this process is under way, with pullets -8% yoy and...
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Morgan Staney Coverage Discontinuations 7/6, Part 3
Thursday, July 7, 2011 - 6:31am | 166Morgan Stanley has discontinued coverage on the following companies: Dole Food (NYSE: DOLE) HJ Heinz (NYSE: HNZ) Del Monte Produce (NYSE: FDP) The Hershey Company (NYSE: HSY) ConAgra Foods (NYSE: CAG) Campbell Soup (NYSE: CPB) General Mills (NYSE: GIS) Sara Lee (NYSE: SLE) Chiquita Brands (NYSE:...