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Neptune Reports Net Profit for Q2
Friday, October 15, 2010 - 6:20am | 171Neptune Technologies & Bioressources Inc. (Nasdaq: NEPT) today reports its consolidated financial results for the three and six-month periods ended August 31, 2010. Three-month Period Ended May 31, 2010 Financial Results Consolidated Results Revenue increased by 200% to $4,114,...
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Expectations, Earnings Help Cause VIX Drop 10-12-2010
Tuesday, October 12, 2010 - 1:58pm | 976Cusick's Corner The earnings cycle is upon us and some big names are set to kick off this cycle today and tomorrow. Now some traders may be becoming a little complacent after the VIX, (CBOE Volatility Index) dropped yesterday from the mid 20's (22.18) to 19 -- with that kind of a drop would look...
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Jefferies' Consumer Sector Update (AVP, HLF, NUS, TUP, USNA)
Friday, October 8, 2010 - 8:28am | 205Jefferies & Company is out with a research report this morning, where it takes a look at the consumer sector. The analysts said that they remain bullish on global direct sellers. The analysts said that they remain “favorably disposed to the global direct sellers,” with Avon Products, Inc. (...
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NASDAQ Stocks Hitting 52-Week Highs (CROX, RDEN, DAVE, INTG)
Thursday, October 7, 2010 - 10:51am | 147Crocs Inc (NASDAQ: CROX) shares jumped 7.61% to create a new 52-week high of $14.57. Analysts at Sterne Agee initiated coverage of CROX with a “buy” rating. Elizabeth Arden Inc (NASDAQ: RDEN) shares gained 2.37% to touch a new 52-week high of $20.32. RDEN's earnings are likely to surge by 407.93%...
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Avon Confident On Ability To Meet Financial Targets
Thursday, October 7, 2010 - 10:46am | 208Citi recently met with several members of Avon's (NYSE: AVP) management team,and the general impression was that Avon management appeared confident in its ability to meet the financial targets that it has in place. Assuming it delivers on these targets, Avon is poised to be one of the better...
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Skepticism Abounds, But Management In Sticking To Its Targets (AVP)
Thursday, October 7, 2010 - 8:42am | 146Avon Products Inc (NYSE: AVP) management appeared confident in its ability to meet the financial targets that it has in place according to Citi. In a research report Citi writes, "Avon's Relative EPS growth rate will be pretty good assuming it delivers on these targets, Avon is poised to be one of...
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Natural Alternatives International, Inc. Announces Supply Agreement With Nestle
Tuesday, October 5, 2010 - 7:05am | 75Natural Alternatives International, Inc. (Nasdaq: NAII) and Nestle Nutrition announced today they have executed a supply agreement under an existing Collaboration and Exclusivity Agreement dealing with nutritional supplements. This Supply Agreement provides exclusive rights to Nestle Nutrition to...
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NAZ Futures Short Interest 10-04-2010
Monday, October 4, 2010 - 2:40pm | 837Cusick's Corner The market turned south into the midday, probably on the heels of pullbacks from the tech titan AAPL and the fact there is the largest Short Interest on record by the latest Commitment of Traders in the NAZ Futures. This is not the end of the road for the move to the upside, but it...
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Call Spread Trades on Medifast (MED)
Monday, October 4, 2010 - 9:44am | 228Shares of Medifast, Inc. (NYSE: MED) are lower on the session by 1.60%, currently trading at $26.69. The stock has been moving largely lower over the past six months after popping to a recent high near $38.25. The stock is now sitting on the 200-day moving average. Call volume is running at 5.32x...
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Morgan Stanley Downgrades Avon Products
Monday, October 4, 2010 - 9:01am | 131Morgan Stanley recently downgraded Avon Products (NYSE: AVP) to Equal-weight after recent Outperformance. This is driven by valuation, which is less compelling after recent stock outperformance; continue to expect Avon to miss consensus EPS in 3Q, which is expected to drive some short-term downside...
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Merger Arbitrage Mondays – October 04, 2010
Monday, October 4, 2010 - 1:10am | 4782Merger activity slid a little with “just” six new deals announced and eleven deals closing as it was the end of the third quarter. Deal Statistics: Total Number of Deals Closed in 2010 81 Total Number of Deals That Did Not Complete in 2010 5 Total Number of Pending Deals Cash Deals 50...
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The Carlyle Group Completes Acquisition of NBTY, Inc. for $4B
Friday, October 1, 2010 - 8:23am | 86Global alternative asset manager The Carlyle Group and NBTY, Inc. (NYSE: NTY) today announced that Carlyle has completed its $4 billion acquisition of NBTY. Pursuant to the terms of the merger agreement, NBTY's stockholders are entitled to receive $55.00 in cash, without interest, less any...
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M•A•C Cosmetics Promotes New Global Brand President
Friday, October 1, 2010 - 7:01am | 88John Demsey, Group President of The Estée Lauder Companies (NYSE: EL), announced today that Karen Buglisi has been named Global Brand President of M•A•C Cosmetics, effective immediately. Ms. Buglisi has been Senior Vice President/General Manager of M•A•C, responsible for global sales, artist...
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Market in a Holding Pattern 09-28-2010
Tuesday, September 28, 2010 - 6:10pm | 752Cusick's Corner The economic numbers are still dicey and the market is in a holding pattern. Tomorrow might bring some additional end-of-month window dressing, but watch for any headlines that may shake the confidence of these weak longs (happened last night in the overnight trade). What continues...
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Unconfirmed Rumor that Avon Products Inc. (AVP) is in talks to be taken out at $50.00 a share
Tuesday, September 28, 2010 - 8:54am | 28Unconfirmed Rumor that Avon Products Inc. (AVP) is in talks to be taken out at $50.00 a share. Rumored buyer is Loreal ..