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US Stock Futures Signal Lower Start On Wall Street
Wednesday, June 8, 2011 - 6:17am | 494US stock futures are lower this morning after Federal Reserve Chairman Ben Bernanke's speech. Investors are awaiting the Fed's recent summary of regional conditions. Futures on the Dow Jones Industrial Average dropped 32 points to 12,040.00 and futures on the S&P 500 stock index fell 3.90...
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Earnings Scheduled For June 8
Wednesday, June 8, 2011 - 1:46am | 288Pall Corporation (NYSE: PLL) is projected to report its FQ3 EPS at $0.71 on revenue of $667.50 million. Cantel Medical Corp (NYSE: CMN) is expected to report its Q3 EPS at $0.31 on revenue of $76.17 million. Men's Wearhouse Inc (NYSE: MW) is estimated to report its Q1 EPS at $0.49 on revenue of...
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Stocks To Watch For June 8
Wednesday, June 8, 2011 - 1:03am | 280Some of the stocks that may grab investor focus today are: Wall Street expects Men's Wearhouse Inc (NYSE: MW) to report its Q1 EPS at $0.49 on revenue of $577.28 million. MW shares gained 0.13% to $30.85 in after-hours trading. Hovnanian Enterprises Inc (NYSE: HOV) reported its second-quarter...
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Valmont Industries Announces Sale of an Additional $150M of 6.625% Senior Notes Due 2020
Tuesday, June 7, 2011 - 4:17pm | 77Valmont Industries, Inc. (NYSE: VMI) announced the public offering of an additional $150 million principal amount of its 6.625% senior notes due 2020. The senior notes were priced to yield 5.215% at a spread of 220 basis points over the comparable U.S. Treasury bonds. The Company previously...
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Earnings Preview for Pall Corp.
Tuesday, June 7, 2011 - 9:30am | 359Pall Corp. (NYSE: PLL) is set to report third-quarter fiscal 2011 results Wednesday, June 8, after the markets close. The question for investors is whether the company's momentum will continue and operating margins can expand. Analysts are looking for the industrial goods maker to report that...
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Deutsche Bank Maintains Hold Rating, $67 PT on ITT Corp.
Tuesday, June 7, 2011 - 9:16am | 79Yesterday afternoon, Deutsche Bank reported that it journeyed to White Plains to visit ITT's (NYSE: ITT) headquarters, “where we met with several executives, including Denise Ramos and Gretchen McClain.” “The key takeaway is that the company is tracking to plan on the spin-out and has seen no...
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Top 4 Small-Cap Stocks In The Industrial Equipment & Components Industry With The Highest Revenue
Tuesday, June 7, 2011 - 1:42am | 129Below are the top small-cap industrial equipment & components stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Mueller Water Products Inc (NYSE: MWA) is $1.32 billion. MWA's operating margin for the same period is 1.64%. The trailing-twelve-month...
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Life Partners Announces Receipt of Wells Notice
Monday, June 6, 2011 - 5:05pm | 280Life Partners Holdings (NASDAQ: LPHI) announced today that it has received an amended Wells Notice from the Securities and Exchange Commission. As previously disclosed, on May 9, 2011, the Company received a “Wells Notice” from the SEC stating that the Staff will recommend that the SEC bring a...
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FBR Reports On International Rectifier Corporation After Share Sell-Off
Monday, June 6, 2011 - 7:51am | 125FBR Capital Markets has published a research report on International Rectifier Corporation (NYSE: IRF) after the company's reported earnings weakness in its first quarter. In the report, FBR writes, "Despite shares' meaningful sell-off, some concerns about slower industrial chip shipments, and...
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Piper Jaffray Discontinues Coverage of Energy Recovery
Monday, June 6, 2011 - 7:20am | 65Piper Jaffray is discontinuing its coverage of Energy Recovery, Inc. (NASDAQ: ERII) “due to a realignment of analyst resources.” “Investors should no longer rely on our last published rating, price target, model, or estimates on Energy Recovery as they will not be updated following the...
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Morgan Stanley Reiterates Overweight and PT of $81 on Tiffany and Company
Monday, June 6, 2011 - 6:40am | 107Morgan Stanley reiterated its Overweight rating on Tiffany and Company (NYSE: TIF). At the same time, Morgan Stanley left its price target unchanged on the company's stock at $81. In a research report published today, Morgan Stanley states, "Input cost inflation, relative pricing power, and...
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Earnings Highlights for the Week of June 6
Sunday, June 5, 2011 - 1:02pm | 1032S&P 500 components scheduled to report quarterly results this week include J.M. Smucker (NYSE: SJM), National Semiconductor (NYSE: NSM) and Pall Corp. (NYSE: PLL). While analysts on average are expecting strong earnings growth from Pall, the consensus forecast for Smucker is earnings about the...
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Calls Purchased on Illinois Tool Works Inc.
Friday, June 3, 2011 - 10:32am | 138Shares of Illinois Tool Works Inc. (NYSE: ITW) are lower on the session by 0.39%, currently trading at $56.27. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today...
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Options Brief: Albany International Corp.
Friday, June 3, 2011 - 10:14am | 77Shares of Albany International Corp. (NYSE: AIN) are lower on the session by 2.83%, trading at $25.41. Overall call volume is now running at 108.55x the daily average, with 36% of all calls traded being purchases on the offer. 1,194 contracts have traded on the session so far. Albany...
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Wunderlich Reiterates Buy and PT of $65 on the Timken Company
Friday, June 3, 2011 - 6:11am | 126Wunderlich Securities reiterated its Buy rating on the Timken Company (NYSE: TKR). At the same time, Wunderlich left its price target on the company's stock unchanged at $65 after a meeting with the company's management. In a research report published today, Wunderlich states, "We visited Timken...