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Calls Purchased on Zhongpin Inc. (HOGS)
Tuesday, May 3, 2011 - 9:37am | 160Shares of Zhongpin Inc. (NASDAQ: HOGS) are higher on the session by 0.53%, currently trading at $17.10. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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J.P. Morgan Reports K and Mills Remain Overweight Despite Upturned Volumes (K) (GIS)
Tuesday, May 3, 2011 - 8:08am | 95In a recent report, J.P. Morgan remains overweight on K (NYSE: K) and Mills (NYSE: GIS). In the report, J.P. Morgan said, "Typically more rational periods in the category disproportionately benefit the two top players, both in regards to earnings and widening their market shares over smaller...
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Sanderson Farms Announces Retirement of Board Member Rowan H. Taylor (SAFM)
Tuesday, May 3, 2011 - 6:31am | 183Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that Rowan H. Taylor has informed the Company that he will retire from the Company's Board of Directors when his current term ends at the 2012 annual shareholders' meeting. “Rowan Taylor joined Sanderson Farms' Board of Directors in 1989 and is...
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Global X Introduces New Food ETF
Tuesday, May 3, 2011 - 3:07am | 307Global X, the New York-based ETF issuer now with 28 ETFs listed in the U.S. and $1.8 billion in assets under management, will introduce the Global X Food ETF (NYSE: EATX) today. With an expense ratio of 0.65%, EATX will track the Solactive Global Food Index. EATX is comprised of 50 holdings...
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Ralcorp Holdings Up Over 6% (RAH, CAG)
Monday, May 2, 2011 - 12:55pm | 120Ralcorp Holdings, Inc. (NYSE: RAH) shares are higher by over 6% today, as the company disclosed that it did receive a takeover offer from Apollo, as well as Conagra (NYSE: CAG). Last week, CNBC broke the story that Ralcorp had received a friendly takeover offer from Conagra, and that Conagra's bid...
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US Intermediate Corporate Bonds Lead By VCIT
Monday, May 2, 2011 - 12:36pm | 3474Bonds are one of the major fundamentals of any investment portfolio. Due to the recent global crisis bonds have been under pressure and finding the right mix of fixed income is a key component to a successful portfolio. Bonds are classified into various categories of which intermediate...
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Kraft Foods Invests $200M in Brazil Expansion
Monday, May 2, 2011 - 12:06pm | 41Kraft Foods (NYSE: KFT) announces opening of an $80M plant in Brazil. Combining the new plant and other planned manufacturing expansions, the company will invest approximately $200 million in Brazil over a two-year period.
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Hearing Chatter Ralcorp is Not in Talks To Sell (RAH)
Monday, May 2, 2011 - 11:31am | 24Hearing Chatter Ralcorp (NYSE: RAH) is Not in Talks To Sell http://dealbook.nytimes.com/2011/05/02/ralcorp-says-it-received-a-takeover-approach/
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Deutsche Bank Previews Earnings From Dean Foods (DF)
Monday, May 2, 2011 - 10:27am | 104Deutsche Bank has a research report on Dean Foods (NYSE: DF), as it previews the company's earnings. It has a Hold rating and a $10 price target on shares. In a note to investors, Deutsche Bank writes, "We see value in the WW-Alpro segment, but challenges continue for the larger FDD operation....
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Citi Maintains Buy Rating on Shares of Kraft Foods Inc
Monday, May 2, 2011 - 7:37am | 80Citi maintains its Buy rating on shares of Kraft Foods Inc (KFT) today. Citi reports,"We expect Kraft's 1Q11 earnings to be challenged by significant commodity cost pressures, which are likely toweigh on margins in the quarter, although margin trends should improve over the course of 2011 as...
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SunOpta Divests of Mexican Frozen Fruit Assets and Enters Into Strategic Supply Agreement (STKL)
Monday, May 2, 2011 - 6:34am | 117SunOpta Inc. (Nasdaq: STKL), a leading global company focused on natural, organic and specialty foods, today announced the sale of its frozen fruit processing assets in Rosarito, Mexico and Irapuato, Mexico to Fruvemex Mexicali, S.A. de C.V. As part of this transaction SunOpta also entered into a...
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CEOWORLD DAILY BUSINESS AND TECH ROUNDUP- SNE, WMG, DD, GOOG, PFE, AAPL, TWC, TSU, TTC, TWI, T, VZ, JNJ, KFT, INTC
Monday, May 2, 2011 - 4:48am | 1308Sony Corp. (NYSE: SNE) apologized for the breach of its PlayStation Network and Qriocity services, and said it aims to resume the online gaming center by the end of the month after upgrading security. Chiba Bank Ltd. (8331 JT), a regional lender, advanced 6.1 percent to 506 yen. The company said...
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Key earnings announcements for this week ADM, PFI, K, GM- CMCSA, WFMI, CVS, V, ED
Monday, May 2, 2011 - 2:13am | 866May 3, 2011: Archer Daniels Midland Company (NYSE:ADM) and Pfizer (NYSE:PFI) before the opening Bell, and after the close, Comcast (NASDAQ:CMCSA) reports. May 4, 2011: Kellogg (NYSE:K) reports before the opening Bell, and Whole Foods (NASDAQ:WFMI) reports after the close. May 5, 2011: CVS (NYSE:...
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Kellogg To Raise Dividend Next Qurter (K)
Friday, April 29, 2011 - 12:55pm | 80Kellogg Co. (NYSE: K) said that it will raise its quarterly dividend 6 percent to 43 cents in the third quarter this year. The dividend is payable on June 15, 2011, to shareowners of record at the close of business on June 1, 2011. The ex-dividend date is May 26, 2011. At last check, shares of...
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5 Stocks Likely To Rise Now That The Royal Wedding Is Over (MCD, WEN, HSY, AEO, PG, GOOG, RGLD)
Friday, April 29, 2011 - 12:35pm | 284American Apparel (NYSE: APP) The obsession with British culture over, Americans can now get back to dressing like, well, Americans. This can only bode well for American Apparel, as well as American Eagle (NYSE: AEO). Procter & Gamble (NYSE: PG) House-husbands and wives can now switch off the...