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Stocks To Watch For July 21 (AAPL, YHOO, JNPR. EBAY, SBUX, MS, WFC, KO, UTX, LCC)
Wednesday, July 21, 2010 - 7:04am | 397Some of the stocks that may grab investor focus today are: Apple Inc (NASDAQ: AAPL) reported better-than-expected Q3 earnings due to strong rise in the demand for its iPhone and iPad devices. The company’s revenue increased 61% to $15.7 billion. AAPL’s shares jumped 3.40% to $260.45 in pre-market...
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Late Market Roundup (TXN, NOK, GS, AAPY, PEP)
Tuesday, July 20, 2010 - 1:17pm | 278Shares of Texas Instruments (NYSE: TXN) moved down after the company posted a three-fold rise in its Q2 profit, while its revenue for the same period missed Wall Street expectations, with Nokia Corp (NYSE: NOK) reporting weaker-than-expected sales. The Philadelphia Semiconductor Index (SOX) also...
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Best in Class: Pepsi's Plan for Global Domination
Tuesday, July 20, 2010 - 12:34pm | 133NEW YORK (TheStreet) -- Last August, PepsiCo (NYSE: PEP) announced what would become one of the most highly discussed deals in the business world: the $7.8 billion acquisition of its two largest bottlers -- Pepsi Bottling Group and PepsiAmericas. Completed in March, the deal has been hailed as one...
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Company News for July 20, 2010 - Corporate Summary
Tuesday, July 20, 2010 - 9:58am | 155• State Street(NYSE:STT) posted in-line second quarter earnings of 93 cents on in-line revenues of $2.3 billion, up 8.6% from a year ago • Biogen Idec (NASDAQ:BIIB) reported estimate-topping earnings of $1.31, above Zacks estimates of $1.08, on an 11% increase in revenues to $1.2 billion, up from...
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Benzinga’s Top Downgrades (PETS, INFY, VOD, CCH)
Tuesday, July 20, 2010 - 8:57am | 150PetMed Express Inc (NASDAQ: PETS) was downgraded by Piper Jaffray from “neutral” to “underweight.” PETS’ shares closed at $16.66 yesterday. PetMed Express’ 52-week trading range is $15.07-$24.50. Societe Generale downgraded Infosys Technologies Limited (NASDAQ: INFY) from "hold" to "sell." INFY’s...
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US Stock Futures Point To Weak Markets Today
Tuesday, July 20, 2010 - 8:48am | 212US stock futures fell today after results of IBM (NYSE: IBM) and Texas Instruments (NYSE: TXN) fell short of expectations. While futures on the Down Jones industrial average fell 70 points to 9990, those on the S&P 500 lost 8.3 points to 1055.5. Meanwhile, Nasdaq 100 futures slipped 14.75...
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Pepsico Q2 Results Beats Consensus; Net Falls 3%
Tuesday, July 20, 2010 - 8:03am | 180Pepsico (NYSE: PEP), the soft drink and snacks giant, today reported a 3% fall in its second quarter net income. PEP’s core net income totaled $1.6 billion, or $0.98 share, down from $1.66 billion, or $1.06 a share, in the same quarter a year ago. After currency adjustments, the company’s EPS for...
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Stocks To Watch For July 20 (YHOO, AAPL, GS, PEP, JNJ, HOG, UNH, WHR)
Tuesday, July 20, 2010 - 7:36am | 315Some of the stocks that may grab investor focus today are: Wall Street expects Yahoo Inc (NASDAQ: YHOO) to post its Q2 EPS at $0.14 on $1.16 billion of revenue. YHOO’s shares lost 0.60% to $15.01 in after-hours trading. Analysts are expecting Apple Inc (NASDAQ: AAPL) to have earned $3.07 per share...
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Pepsico (PEP) Earns $1.6 Billion, Sees 11% To 13% Earnings Growth
Tuesday, July 20, 2010 - 7:31am | 188Pepsico, Inc. (NYSE: PEP) announced on Tuesday morning that it just beat consensus Wall Street earnings estimates. Pepsico (PEP) reported that its 2nd quarter net income fell 3% to $1.6 billion, or 98 cents per share, down from $1.7 billion, or $1.06 per share, a year earlier. Excluding special...
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Pepsico Q2 Results Beats Consensus
Tuesday, July 20, 2010 - 7:26am | 63Pepsico (NYSE: PEP) has reported Q2 EPS of $1.10 versus consensus of $1.08. PEP’s revenue came in at $14.8 billion, as compared to the Street view of $14.41 billion. For FY10, PEP is projecting 11%-13% growth in core constant currency earnings per share. Read more from Benzinga's Company news.
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Pepsi Expects 10 to 12% Growth In Core EPS For 2010
Tuesday, July 20, 2010 - 7:12am | 157PepsiCo (NYSE: PEP) Chief Financial Officer Hugh Johnston said: "We are benefiting from both the acquisition of our anchor bottlers earlier this year and from improving trends across our global business. As planned, we have stepped up incremental investments around the world to capitalize on...
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Stock Market News for July 19, 2010 - Market News
Monday, July 19, 2010 - 9:46am | 497Consumers’ growing pessimism about the economic recovery shook investors’ confidence on Friday, sending major averages off at least 2%, even as some companies reported better-than-anticipated quarterly numbers. Financials led on the downside after some big names from the sector posted weaker-than-...
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Developers Diversified Realty Secures Advertising and Sponsorship Agreements with AT&T and Coca-Cola in Puerto Rico (DDR, T, COKE, MA)
Monday, July 19, 2010 - 9:16am | 135Developers Diversified Realty Corporation (NYSE: DDR) today announced advertising and sponsorship agreements with AT&T and Coca-Cola in Puerto Rico. Across the island leading brands and retailers continue to partner with Developers Diversified to grow their business. The Company has had an...
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All it takes is one bad day and advantage goes to the bears
Sunday, July 18, 2010 - 10:14pm | 1627Friday stocks staged another retreat just when bulls were looking for upside follow-through. Instead of a nice push above the 50-day moving average, confirming the bullish trend, we got a 3% drop that wiped out more than a week's worth of gains. Now, charts are shaping to show lower highs and lower...
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WHAT’S ON TAP?
Sunday, July 18, 2010 - 3:47pm | 639For the week of July 19th (in conjunction with Econoday): Earnings will dominate the calendar this week as many blue chips report. On the economic front housing data will be in the spotlight. Let’s take a look at what’s on tap: Monday – IBM reports after the bell. Housing Market Index 10:00 AM...