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Jefferies Upgrades Sanderson Farms To Buy, PT To $55
Wednesday, April 20, 2011 - 6:50am | 28Jefferies & Company has upgraded Sanderson Farms (NASDAQ: SAFM) from Hold to Buy and has raised the price target from $44 to $55.
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Jumping Mid-term Support 04-19-2011
Tuesday, April 19, 2011 - 6:24pm | 876Cusick's Corner The market action confirmed that the major trend in Equities is intact, plus earnings After Hours are supporting the move as well. The market finished not only in the green, but most importantly key bench marks like the S&P June Futures jumped above mid-term support, 50-Day...
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Puts Purchased on H.J. Heinz Company (HNZ)
Tuesday, April 19, 2011 - 12:13pm | 138Shares of H.J. Heinz Company (NYSE: HNZ) are lower on the session by 0.44%, currently trading at $50.15. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Omega Protein Announces Final Settlement of Additional $26.2 Million for Deepwater Horizon Claims (OME)
Tuesday, April 19, 2011 - 7:36am | 132Omega Protein Corporation (NYSE: OME) today announced the final settlement of all of its claims for costs and damages incurred as a result of the oil spill caused by the Deepwater Horizon explosion on April 20, 2010. As a result of the final settlement, on April 18, 2011 the Company received an...
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CEOWORLD Daily Business Roundup- BP, GS, GM, RIMM, YHOO, TXN, IBM, YHOO, C, INTC, WMT, AAPL…
Tuesday, April 19, 2011 - 5:16am | 1509BP plc (BP)- The Gulf Coast Claims Facility, established last August with $20 billion in seed money from BP, said it has approved 300,000 claims from businesses and individuals hurt by the spill, out of approximately 857,000 claims submitted. Poor trading results are likely to hurt Goldman Sachs...
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J & J Snack Foods Corp. Announces Planned Acquisition of Frozen Handheld Business from ConAgra Foods
Monday, April 18, 2011 - 3:17pm | 38J & J Snack Foods Corp. (NASDAQ-JJSF) announced today that it has entered into an agreement to acquire the frozen handheld business of ConAgra Foods (NYSE: CAG) for an undisclosed price.
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Don't Fall For The 'Defensive Portfolio' Hype
Monday, April 18, 2011 - 11:37am | 263As the stock market has stalled and moved sideways since mid-February, with economic and inflationary worries increasing, Wall Street is beginning to put out advice on how to prepare for a potential market correction. The advice has always been the same. You've heard it before. No matter what...
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Dean Foods Seeks Buyer for Fluid Dairy Processing Plant and Associated Brands
Monday, April 18, 2011 - 10:01am | 92Dean Foods Company (NYSE: DF) announced today that it is actively seeking a buyer for its milk processing, selling, marketing and distribution business located in Waukesha, Wis. The Company agreed to sell the plant and related business as part of the March 29, 2011, settlement agreement reached...
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Kellogg Company Named Official Sponsor of U.S. Olympic and Paralympic Teams Through 2016
Monday, April 18, 2011 - 8:33am | 70Kellogg Company (NYSE: K) and the United States Olympic Committee today announced that Kellogg will return as a sponsor of the 2012, 2014 and 2016 U.S. Olympic and Paralympic Teams in London, England; Sochi, Russia; and Rio de Janeiro, Brazil. The partnership designates Kellogg as official sponsor...
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Momentum Stocks to Watch This Week
Monday, April 18, 2011 - 7:47am | 284My weekly momentum stock list has been updated at Seeking Alpha. The full article is available here. In it I focus on Complete Genomics (GNOM) and Kraft (KFT). Get MarketClub's Free Daily Video Market Updates Here Follow me on Twitter! No positions AlphaClone - test and apply the stock ideas of...
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Benzinga's Top Downgrades (KFT, INFY, BBY, GPS)
Monday, April 18, 2011 - 7:26am | 140Kraft Foods Inc (NYSE: KFT) was downgraded by Morgan Stanley from "overweight" to "equal weight." KFT's shares closed at $33.36 on Friday. Kraft Foods' trailing-twelve-month ROE is 8.06%. Credit Suisse downgraded Infosys Technologies Limited (NASDAQ: INFY) from “outperform” to “neutral.” INFY's...
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Russians in New York: Major NYSE-Traded Russian Companies (MTL, MBT, VIP, WBD)
Monday, April 18, 2011 - 7:16am | 229How are Russian companies doing in American trading? Today, Benzinga gives you a list of Russian companies currently trading on the NYSE exchange in New York City. Mechel (NYSE: MTL), a mining and metal-producing giant, has opened the day very strongly, its shares rising almost 1.5% to $28.68....
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J.P. Morgan Lowers PT On CPB To $31
Monday, April 18, 2011 - 6:44am | 140J.P. Morgan, fearing pricing issues in the soup category, have lowered its price target on Campbell Soup Company (NYSE: CPB). In its report, J.P. Morgan writes, “We are modestly lowering our fiscal year 2011 estimate and sharply cutting our 2012 number for Campbell on our belief that pricing will...
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JP Morgan Lowers PT On Campbell Soup Company To $31
Monday, April 18, 2011 - 6:03am | 28JP Morgan has lowered the price target on Campbell Soup Company (NYSE: CPB) from $35 to $31 and maintains its Neutral rating.
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Stocks of the Most Widely Consumed Psychoactive Substance in the World
Saturday, April 16, 2011 - 1:15am | 485Can you guess what 'the most widely consumed psychoactive substance in the world' is? It's not marijuana or cocaine. It's not alcohol (is alcohol psychoactive?). It is coffee. According to an article in the Public Library of Science Genetics Journal, there is statistical evidence that the...