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Omega Protein Announces No Material Damages From Hurricane Irene
Monday, August 29, 2011 - 9:32am | 89Omega Protein Corporation (NYSE: OME) announced today that its Reedville, Virginia facility has suffered no material property damages from Hurricane Irene. All of the Company's fishing vessels, its fish processing plant and its Health and Science Center were unharmed except for minor problems...
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Smithfield Foods Expects to Return to Business as Usual
Monday, August 29, 2011 - 8:04am | 47In an initial assessment of damages in the wake of Hurricane Irene, Smithfield Foods (NYSE: SFD) announced today that employees will be returning back to work Monday at its meat processing facilities and farms in North Carolina and Virginia.
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Green Mountain Coffee Roasters Agrees to Sell Filterfresh Business to ARAMARK for 145M
Monday, August 29, 2011 - 8:01am | 87Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) today announced a definitive Stock Purchase Agreement pursuant to which ARAMARK Refreshment Services, LLC will acquire all outstanding shares of Van Houtte USA Holdings, Inc., also known as the Van Houtte U.S. Coffee Service business or “...
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Earnings Scheduled For August 29
Monday, August 29, 2011 - 12:28am | 248Winn-Dixie Stores Inc (NASDAQ: WINN) is projected to report its Q4 EPS at $0.12 on revenue of $1.60 billion. ABM Industries Incorporated (NYSE: ABM) is expected to report its Q3 EPS at $0.47. Calavo Growers Inc (NASDAQ: CVGW) is estimated to report its Q3 earnings at $0.21 per share. LDK Solar...
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Benzinga's Top ETF Decliners, August 26th (SOXS, DZZ, SQQQ, SRTY)
Friday, August 26, 2011 - 9:29pm | 143Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) fell 8.13% on Friday, and it closed at $89.40. In the semiconductor space, Micron Technology, Inc. (NASDAQ: MU) spiked 5.20%. PowerShares DB Gold Double Short ETN (NYSE: DZZ) lost 7.72% today as gold traded higher. DZZ closed at $4.36, and...
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Global Hunter Securities Downgrades Zhongpin to Reduce
Friday, August 26, 2011 - 2:19pm | 107Global Hunter Securities downgraded its Zhongpin (NASDAQ: HOGS) rating from Neutral to Reduce in a research report published today. In the report, Global Hunter states, "Management of HOGS has hosted several conference calls, filed public responses and hosted investor trips in an attempt to...
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Notable Call Options Activity in ConAgra Foods
Friday, August 26, 2011 - 9:55am | 120Shares of ConAgra Foods (NYSE: CAG) are lower on the session by 0.08%, currently trading at $23.64. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the October 2011...
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UPDATE: Wells Fargo Initiates TreeHouse Foods at Outperform
Friday, August 26, 2011 - 8:25am | 127Wells Fargo is out with its report today on TreeHouse Foods (NYSE: THS), initiating THS at Outperform. In its report, Wells Fargo writes, "We Are Initiating Coverage Of TreeHouse Foods With An Outperform Rating On The Shares And A 12-Month Valuation Range Of $59-61. We believe TreeHouse's current...
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Wells Fargo Initiates TreeHouse Foods At Outperform
Friday, August 26, 2011 - 8:14am | 28Wells Fargo has initiated coverage on TreeHouse Foods (NYSE: THS) with an Outperform rating and a valuation range of $59-$61.
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Morgan Stanley Reiterates View on Sanderson Farms
Friday, August 26, 2011 - 7:04am | 90Morgan Stanley has published a research report on Sanderson Farms Inc (NASDAQ: SAFM). In the report, Morgan Stanley wrote, "We remain Underweight, continue to believe that the chicken industry will fail to return to “normal” in F2012 and see material risk that F2012 is another loss-making year....
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Midday Losers; Atmel Down on Heavy Volume
Thursday, August 25, 2011 - 11:43am | 97Atmel Corporation (NASDAQ: ATML) -7.05% on heavy volume. Genon Energy NYSE: GEN) -8.25% after the announcement that the company's president and COO steps down. Hormel Foods(NYSE: HRL) -6.26% on downbeat earnings. Delta Air Lines (NYSE: DAL) -6.07% on average volume. JetBlue Airways (NASDAQ:...
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Notable Put Options Activity in Hormel Foods
Thursday, August 25, 2011 - 9:57am | 93Shares of Hormel Foods (NYSE: HRL) are lower on the session by 5.34%, currently trading at $26.92. The stock has been moving largely lower over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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Morning Market Movers
Thursday, August 25, 2011 - 8:47am | 100Collective Brands Inc (NYSE: PSS) shares advanced 26.65% to $13.02 at 9:45 am. PSS reported better-than-expected quarterly profit. Bank of America Corporation (NYSE: BAC) climbed 25.18% to $8.75. Warren Buffett's Berkshire Hathaway reported that it would invest $5 billion in Bank of America. John...
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Jefferies Maintains Buy on Sanderson Farms
Thursday, August 25, 2011 - 8:36am | 114Jefferies is out with its report today on Sanderson Farms (NASDAQ: SAFM), maintaining Buy. In its report, Jefferies writes, "SAFM delivered and F3Q operating loss of $1.86, below our $1.25 loss estimate and the Street's $0.93 loss estimate. The shortfall relative to our number driven by higher...
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Morgan Stanley Comments On Tough 3Q For Sanderson Farms
Thursday, August 25, 2011 - 8:30am | 105Morgan Stanley has published a research report on Sanderson Farms (NASDAQ: SAFM) after the company's F3Q11 proved tougher than expected. In the report, Morgan Stanley writes, "Sanderson Farms reported adjusted F3Q11 EPS of -$1.86, compared to our -$0.48 estimate and the consensus -$0.91 estimate...