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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 9:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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UPDATE: Bank of America Raises PT on Potash Corp from $70 to $74
Friday, July 29, 2011 - 9:29am | 161Bank of America has published a report on Potash Corp of Saskatchewan (NYSE: POT) raising the price target from $70 to $74. In the report, Bank of America wrote, "Chinese buyers agreed to pay $470/mt for 2H:11 potash deliveries, a rise of $70/mt over the 1H:11 contract price. India may buy at...
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UPDATE: Credit Suisse Raising Price Target On Potash
Friday, July 29, 2011 - 7:26am | 138Credit Suisse is out with a research report on Potash Corp./Saskatchewan (NYSE: POT) and is raising its price target to $74 from $71, and is reiterating its Outperform rating on shares. In a note to clients, Credit Suisse writes, "Following the company's earnings call, we are raising our 2011,...
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Bank of America Raises PO on Potash To $74
Friday, July 29, 2011 - 6:57am | 27Bank of America has raised the price objective on Potash (NYSE: POT) from $70 to $74 and maintains its Buy rating.
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Is all this Debt Ceiling Bluster Bullish or Bearish for the Market?
Thursday, July 28, 2011 - 4:46pm | 772While Republicans and Democrats take turns blowing smoke out their rears, Wall Street and the rest of civilized world has been trying to figure out what, if anything, Washington plans to do to stave off world-wide financial ruin. So far, the tea party leaves show one thing: no one has any idea, and...
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Earnings Roundup
Thursday, July 28, 2011 - 7:42am | 1660Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...
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Last Nights Headlines, Morning Action July 28
Thursday, July 28, 2011 - 7:38am | 272AM Action: Akamai Tech (AKAM) Downgraded to Neutral from Overweight at Piper Potash (POT) Beats by $0.11, beats on revs; guides Q4 (Dec) EPS in-line; guides FY11 EPS in-line. Negative Front page article in the WSJ Lam Research (LRCX) Target lowered to $60 from $64 at Stifel Nicolaus Crocs (CROX)...
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UPDATE: Potash Reports 75% Jump In Net Profit, Boosts Forecast
Thursday, July 28, 2011 - 5:43am | 95Potash Corp. of Saskatchewan (NYSE: POT) reported a 75% surge in its quarterly net profit and raised its earnings forecast for the year. Potash reported its quarterly net profit at $840 million, up from $480 million, in the year-earlier quarter. Its earnings per share surged to $0.96 from $0.53....
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Active Screen - CANSLIM: Top 8 for July 27th
Wednesday, July 27, 2011 - 9:23am | 1632It was another steady list of qualifying stocks for our CANSLIM scan. The top-8, ranked by Market Cap, were unchanged from July 14th. The CANSLIM stock screener settings employed were: Top dog, leading from December 2010 when the scan was started, is Apple (AAPL). AAPL had already cleared its...
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Options Brief: Sociedad Quimica y Minera
Wednesday, July 27, 2011 - 9:08am | 70Shares of Sociedad Quimica y Minera (NYSE: SQM) are lower on the session by 1.38%, trading at $64.54. Overall call volume is now running at 7.00x the daily average, with 64% of all calls traded being purchases on the offer. 1,526 contracts have traded on the session so far. Sociedad Quimica y...
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Bunge Earnings Preview: Analysts Expect Rising Revenue, Falling EPS Over Previous Quarter
Monday, July 25, 2011 - 1:20pm | 578Bunge (NYSE: BG) unveils its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's advanced look at Bunge's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $1.43 per share and revenues of $13.4 billion. Bunge's latest numbers will no doubt...
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Monsanto Hits New 52-Week High at $76.70
Monday, July 25, 2011 - 11:37am | 75Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of Monsanto (NYSE: MON) are hitting new 52-week highs. Traders...
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Oppenheimer Maintains Perform on Scotts Miracle-Gro
Monday, July 25, 2011 - 8:24am | 96Oppenheimer is out with its report today on Scotts Miracle-Gro (NYSE: SMG), maintaining Perform. In a note to clients, Oppenheimer writes, "We are reducing our fiscal 2012 EPS estimate for Scotts Miracle-Gro to $3.55 from $4.00 to better reflect heightened commodity cost pressures, most notably...
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The Week Ahead, Morning Noteables July 25
Monday, July 25, 2011 - 7:57am | 295The Week Ahead - AM Notables AM Noteables: CF Industries (CF) upgraded to Buy at Dahlman Rose; tgt $180 McDonalds (MCD) "2 upgrades in a weak tape" After McDonald's reported higher than expected Q2 EPS, Wells Fargo raised its valuation range on the stock to $85-$97 from $76-$87. McDonald's...
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Piper Jaffray Expects 2012 Price Increases For Monsato
Monday, July 25, 2011 - 7:12am | 62According to Piper Jaffray, Monsato (NYSE: MON), 2012 price increases expected. Piper Jaffrey is reporting that they are expecting to see an increase in 2012 like-for-like hybrids, which would most likely result in price increases for Monsato. PT is set at $90, EPS estimates at $2.88 (2011) and $3...