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Flowers Foods Reports Q4 EPS of $.34 vs. $.39
Tuesday, February 8, 2011 - 7:21am | 67Flowers Foods, Inc. (NYSE: FLO), earlier today reported results for its fourth quarter and fiscal year ended January 1, 2011. Fourth quarter sales decreased .6% to $573.1 million from the $576.8 million reported for last year's fourth quarter. Reported diluted earnings per share of $.34 for the...
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US Stock Futures Flat As China's Central Bank Lifts Interest Rates
Tuesday, February 8, 2011 - 6:27am | 329US stock futures are flat this morning after China's central bank raised interest rates. Futures on the Dow Jones Industrial Average rose 5 points to 12,113.00 and S&P 500 futures dropped 0.20 point to 1,315.60. Nasdaq 100 futures gained 0.50 point to 2,345.50. US stocks closed higher, with...
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Earnings Scheduled For February 8 (CVH, DIS, MNI, MFE, TEVA, PBI, AVP, SLE, ETR, TTWO)
Tuesday, February 8, 2011 - 4:31am | 270Coventry Health Care Inc (NYSE: CVH) is expected to post its Q4 earnings at $0.88 per share on revenue of $3.01 billion. Walt Disney (NYSE: DIS) is projected to report its earnings at $0.56 per share on revenue of $10.52 billion in first quarter. McClatchy Co (NYSE: MNI) is expected to post its Q4...
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Stocks To Watch For February 8 (MFE, IT, DIS, GLUU, SLE)
Tuesday, February 8, 2011 - 4:06am | 238Some of the stocks that may grab investor focus today are: Wall Street expects McAfee Inc (NYSE: MFE) to report its Q4 EPS at $0.69 on revenue of $545.28 million. MFE shares fell 0.10% to close at $47.90 yesterday. Gartner Inc (NYSE: IT) reported its Q4 profit at $36.7 million, or $0.37 per share,...
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Notable Weakness in Small Caps 02-07-2011
Monday, February 7, 2011 - 6:26pm | 884Cusick's Corner This market continued to hold up into the close with most of the major averages closing near the highs. However, there was some notable weakness in the Small Caps, IWM, which is a development to keep an eye on. I have referred to these high beta Small Caps as the proverbial canary...
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Oil Under Pressure 02-07-2011
Monday, February 7, 2011 - 2:50pm | 936Cusick's Corner What a weekend -- the title is back in the rightful city Green Bay (yes, I am a Packer fan)! There was no denying the 6th seed, they found a way to win on the road against all odds, not listening to the pundits or crying about their injuries (3 starters out in the first half of...
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Nobody Likes Sara Lee's Board (SLE)
Monday, February 7, 2011 - 2:16pm | 464That's what some are asking, after Sara Lee (NYSE: SLE) decided to break itself up, instead of selling itself as a whole. The board of directors has had three chances to sell itself in the past year, and all of them have come up fruitless. Bids from Brazilian food company JBS, KKR (NYSE: KKR) and...
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Puts Purchased on Dean Foods Company (DF)
Monday, February 7, 2011 - 11:54am | 152Shares of Dean Foods Company (NYSE: DF) are higher on the session by 0.39%, currently trading at $10.40. The stock has been moving largely higher over the past two months and is currently trading between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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J.P Morgan Comments On Dean Foods Ahead Of Earnings Report
Monday, February 7, 2011 - 10:25am | 195Dean Foods (NYSE: DF) reports its fourth quarter this coming Thursday morning. J.P Morgan's estimate is $0.12, two cents below the consensus and well off the $0.31 of a year ago. While the recent entry of a well-known hedge fund manager has created some interest in the shares, JPM remains cautious...
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UBS Research Summary (AMB, CPT, CEG, DVN, MGM, PPL, K, PLD, WY)
Monday, February 7, 2011 - 10:24am | 217UBS is out with today's daily research summary. In the report, UBS raised AMB Property's (NYSE: AMB) price target to $32 from $27.25, raised its Camden Property Trust (NYSE: CPT) price target to $61 from $57, raised its Constellation Energy Group (NYSE: CEG) price target to $32 from $31, downgraded...
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Deutsche Bank Gives Earnings Preview On Kraft
Monday, February 7, 2011 - 9:48am | 172Despite Kraft's (NYSE: KFT) LT potential portfolio improvement, Deutsche Bank retains its HOLD opinion over intermediate term issues. A challenging input cost environment, slowdown in gum/confectionery growth, and integration issues provide short term uncertainty. Leverage, modest FCF, and...
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BB&T Capital Markets Raises Tyson Foods FY 2011, Initiates FY 2012 Estimates (TSN)
Monday, February 7, 2011 - 9:19am | 120BB&T Capital Markets raised its Tyson Foods (NYSE: TSN) FY 2011 estimates to $2.09 from $1.55 and initiated a FY 2012 EPS estimate of $1.86 in a research report published today. In the report, BB&T Markets states, "TSN reported Q1'11 EPS of $0.75 as compared to our estimate of $0.59 and...
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Imperial Sugar Company Reports Q1 EPS of $(0.75) vs.
Monday, February 7, 2011 - 8:32am | 186Imperial Sugar Company (NASDAQ: IPSU) today reported a net loss for the fiscal first quarter ended December 31, 2010 of $8.9 million, or $0.75 per diluted share. Results for the same period of fiscal 2009, which included $278.5 million of pre-tax gains associated with settlement of insurance claims...
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Benzinga's Top Downgrades (NVDA, GLW, SAFM, CBG)
Monday, February 7, 2011 - 8:27am | 137NVIDIA Corporation (NASDAQ: NVDA) was downgraded by ThinkEquity from "buy" to "hold." NVDA's shares closed at $25.67 on Friday. NVIDIA's PEG ratio is 2.84. Analysts at Citigroup downgraded Corning Incorporated (NYSE: GLW) from “buy” to “hold.” GLW's stock closed at $23.37 on Friday. Corning's...
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J.P. Morgan Downgrades Sanderson Farms to Underweight (SAFM)
Monday, February 7, 2011 - 8:19am | 131J.P. Morgan is out with its report today on Sanderson Farms (NASDAQ: SAFM), downgrading SAFM from Neutral to Underweight. In a note to clients, J.P. Morgan writes, "We are not fond of putting UW ratings on companies with first-rate operations and management teams, such as SAFM. And at some point,...