Tobacco

• Sunday's WSJ reported that GlaxoSmithKline (NYSE: GSK) had made a "very casual approach" to Genzyme (NASDAQ: GENZ) • Reports say embattled BP (NYSE: BP) CEO Tony Hayward is on his way out, as the firm reports results tomorrow, with American executive Bob Dudley expected to replace Hayward • ...

The great majority of the largest companies in America are easily identified by name by most consumers. That is because their names match one or more of their most important brands. McDonald’s (NYSE: MCD) in the fast food business. It is its own largest brand. The same is true for Ford (NYSE: F),...

Some of the stocks that may grab investor focus are: Wall Street expects Cal-Maine Foods Inc (NASDAQ: CALM) to post its FQ4 EPS at $0.64 on $233 million in revenue. CALM’s shares fell 0.97% to close at $29.69 on Friday. Analysts are expecting Lorillard Inc (NYSE: LO) to have earned $1.60 per share...

Investors should be keeping an eye on these stocks this week, according to this report from Marketwatch. Lorillard (NYSE: LO) is expected by analysts to report earnings of $1.60/share and $951 million for Q2 when they report on Monday. Cal-Maine (NASDAQ: CALM) reports earnings on Monday, and is...

Nikkei.com is reporting that Philip Morris Japan KK, a division of Philip Morris International (NYSE: PM), has petitioned the Japanese Ministry of Finance to increase the price of its 76 cigarette products to offset a hike in taxes on tobacco. If approved, the higher prices would kick in Oct. 1....

Philip Morris (NYSE: PM) reports Q2 adjusted EPS at $1.00 versus the consensus of $0.97. Philip Morris reports Q2 revenue at $7.1 billion, up from the consensus of $6.83 billion. PM has projected its EPS for the FY10 at $3.75-$3.85 versus the consensus of $3.77. Read more from Benzinga's Company...

Caterpillar Inc (NYSE: CAT) is expected to report its second quarter earnings at $0.83 per share and revenue of $9.6 billion. Phillip Morris International Inc (NYSE: PM) is likely to post its earnings for the second quarter at $0.96 per share on revenue of $6.8 billion. E*Trade Financial Corp (...

Allscripts-Misys Healthcare Solutions (MDRX) has announced that MedWest Health System has adopted the company’s Electronic Health Record (EHR) and Practice Management (PM) solutions for its 60 employed physicians. Financial terms of the deal were not disclosed. MedWest Health System, which is...

Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65),  WRC (40.95), QQQQ (45.83), SCHN (44.33), NSIT (14.79) BIAS: 106% Short Economic...

Genworth Financial Inc (NYSE: GNW) rose 6.33% to $14.78 in the pre-market session. GNW is all set to report its quarterly results on July 29. Whirlpool Corporation (NYSE: WHR) added 2.62% to $93.75 in pre-market trading. WHR has posted a two-fold increase in its Q2 earnings and raised its outlook...

Cusick’s Corner The market affirmed today that the downward slope is still in place with no bounce into the After Hours. Folks, this is a traders market. This move today was based on higher volume and involved a larger number of sectors on the downside. We again want to see if the 1050-1040...

Shares of Lorillard Inc. (NYSE: LO) are lower on the session by 1.08%, currently trading at $73.95. The stock has been moving largely sideways for the past six months, but has come under selling pressure as of late. Options traders are purchasing puts on the name today. The July $72.50 put was...

Cusick’s Corner The market stayed in a choppy consolidation range after the release of mixed economic data and FOMC revisions on GDP. The market is waiting for JPM earnings tomorrow which are due out around 7:30am ET. One important note -- the last time both Intel and JPM Chase beat earnings was...

Cusick’s Corner Intel was impressive but was not enough overnight to hold up the market. This could be in part to the due to the low Retail Sales data that is potentially showing the pressure of continued high unemployment and the fact that there are a lot of unemployed who are losing benefits....