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DuPont Extends Takeover Bid for Danisco by 4 Weeks (DD)
Wednesday, March 30, 2011 - 5:18am | 142Chemical company DuPont (NYSE: DD) extended its takeover bid for Danisco by four weeks after holders of 6% of the company's shares had accepted the offer. Danisco is a Danish company that develops and produces food ingredients, sweeteners and sugar. The $6 billion offer, according to Reuters, "...
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Chemtura Corporation First to Sign License Agreement with The Dow Chemical Company for Polymeric Flame Retardant Technology
Tuesday, March 29, 2011 - 8:01am | 131Great Lakes Solutions, a Chemtura business (NYSE: CHMT), has worked closely with The Dow Chemical Company (NYSE: DOW) to develop a commercial manufacturing process for Dow's proprietary and innovative brominated polymeric flame retardant technology for expanded polystyrene foam and extruded...
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Benzinga's Top Upgrades (OLN, JEC, OI, MAR)
Tuesday, March 29, 2011 - 7:19am | 135Olin Corp (NYSE: OLN) was upgraded by Longbow from "neutral" to "buy." OLN's shares closed at $21.24 yesterday. Olin's PEG ratio is 0.40. Jacobs Engineering Group Inc (NYSE: JEC) was upgraded by Goldman from "sell" to "neutral.” JEC's shares closed at $48.24 yesterday. Jacobs Engineering's...
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Jefferies Has Buy On Huntsman Corporation (HUN)
Tuesday, March 29, 2011 - 6:30am | 104Jefferies & Co. has a Buy rating on Huntsman Corporation (NYSE: HUN). In a note to clients, Jefferies writes, "Chevron Phillips Chemical's announcement of a feasibility study for a new US Gulf Coast ethylene cracker is one more indicator that mid-cycle dynamics prevail in the chemical sector....
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Options Brief: The Dow Chemical Company (DOW)
Monday, March 28, 2011 - 12:51pm | 84Shares of The Dow Chemical Company (NYSE: DOW) are higher on the session by 1.21%, trading at $37.60. Overall put volume is now running at 2.04x the daily average, wit 43% of all puts traded being purchases on the offer. 19,017 contracts have traded on the session so far. The Dow Chemical...
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"Blood in The Streets" As QE2 Could End in April?
Monday, March 28, 2011 - 12:51pm | 1695By Dian L. Chu, EconMatters Federal Reserve Bank of St. Louis President James Bullard, when speaking to reporters in France on March 26, stated, “If the economy is as strong as I think it is, then I think it may be reasonable to send a signal to markets that we're going to start withdrawing our...
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Options Brief: Solutia Inc. (SOA)
Monday, March 28, 2011 - 9:37am | 102Shares of Solutia Inc. (NYSE: SOA) are higher on the session by 1.11%, trading at $24.51. Overall call volume is now running at 2.74x the daily average, wit 21% of all calls traded being purchases on the offer. 1,322 contracts have traded on the session so far. Solutia Inc. is a global...
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ETF Showdown: A Materials Matchup
Friday, March 25, 2011 - 1:21pm | 492Let's be honest: Few investors think that what materials and mining companies do is a "sexy" business. They don't make smartphones, tablets or operate in the high-growth e-commerce or social networking spheres. Yep, all that is true, but materials stocks, on the other hand, are sexy. High beta...
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E.I. Du Pont De Nemours & Company Is The DJIA's Leader (DD)
Friday, March 25, 2011 - 11:19am | 36E.I. du Pont de Nemours & Company (NYSE: DD) is the leader among the 30 stocks within the Dow Index. DD is currently trading at $54.59, 1.70% higher than yesterday's close.
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Calls Purchased on PPG Industries, Inc. (PPG)
Friday, March 25, 2011 - 10:17am | 122Shares of PPG Industries, Inc. (NYSE: PPG) are higher on the session by 1.43%, currently trading at $89.95. 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. A...
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Options Brief: Huntsman Corporation (HUN)
Friday, March 25, 2011 - 9:59am | 80Shares of Huntsman Corporation (NYSE: HUN) are higher on the session by 0.72%, trading at $16.86. Overall call volume is now running at 4.60x the daily average, with 69% of all calls traded being purchases on the offer. 6,541 contracts have traded on the session so far. Huntsman Corporation is a...
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Rigrodsky & Long, P.A. Announces Class Action Lawsuits Against ShengdaTech, Inc.
Friday, March 25, 2011 - 9:09am | 65Rigrodsky & Long, P.A. announces that class action lawsuits have been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired the stock of ShengdaTech, Inc. (NASDAQ: SDTH) between March 15, 2010 and...
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J.P. Morgan Predicts Good Year For DD
Friday, March 25, 2011 - 8:17am | 116J.P. Morgan has reported a prediction for a positive year for DuPont (NYSE: DD). According to the report, “DuPont should fare well in its first quarter and in 2011. Its agricultural businesses appear in a good position: US corn inventory ratios are at record lows of 5%. Volume growth should be...
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High Quality, High Yielders (MCD, PEP, CLX, PFE, DD)
Wednesday, March 23, 2011 - 12:43pm | 446Despite the run that the stock market has had in the last 6 months, there are still some very high quality companies offering very attractive yields. These are the kind of stocks that long-term conservative investors should be taking a very hard look at, as they should offer relatively safe,...
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Jefferies Lowers ASH EPS Estimates
Wednesday, March 23, 2011 - 9:07am | 41To adjust for persistent raw material pressures, Jefferies is lowering its Ashland Inc. (NYSE: ASH) FY11 EPS by $0.05 to $3.30. “We are also lowering Q2 EPS by $0.03 to $0.69,” Jefferies writes. Ashland currently trades at $57.16.