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Company News for May 28, 2010 - Corporate Summary
Friday, May 28, 2010 - 9:42am | 205• Royal Dutch Shell (NYSE:RDSA) announced that it agreed to buy privately held East Resources for $4.7 billion in cash to increase its shale gas exposure in North America • Prudential (NYSE:PRU) is reportedly trying to renegotiate its previous $35.5 bid for AIG's (NYSE:AIG) Asian AIA unit, as major...
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MON Downgraded To Neutral At BofA/Merrill
Friday, May 28, 2010 - 7:48am | 40Analysts at BofA/Merrill downgrade Monsanto (NYSE: MON) from "buy" to "neutral." MON’s shares dipped 4.54% to close at $50.27 yesterday. More Analyst Ratings here
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Looking for Signals 05-27-2010
Thursday, May 27, 2010 - 3:28pm | 862Cusick’s Corner Most traders and investors are just throwing their arms up, not able to really read into these market moves. I am referring to how the market opened on the highs after trading lower overnight on speculation that China was ready to dump their exposure to EU debt, which as we found...
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Monsanto Co. (MON) Still Trading Away From Any Support Level
Thursday, May 27, 2010 - 12:35pm | 137Monsanto (NYSE: MON) fell 7.5% to $48.69 on Thursday afternoon after it said that the company was cutting its earnings outlook for this year. Monsanto (MON) has revised its 2010 earnings from $2.40 a share to $2.60 a share, on an adjusted basis from its earlier guidance of $3.10 to $3.30 per share...
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Vertex Presents Positive Data - Analyst Blog
Wednesday, May 26, 2010 - 2:09pm | 422Recently, Vertex Pharmaceuticals (VRTX) announced positive results from a phase III trial of its lead pipeline candidate, telaprevir. It was observed that 75% of treatment naïve patients infected with hepatitis C virus (HCV) achieved sustained viral response (SVR or viral cure) after receiving...
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Company News for May 26, 2010 - Corporate Summary
Wednesday, May 26, 2010 - 9:51am | 195• Toll Brothers (NYSE:TOL) reported a fiscal second quarter loss of 24 cents a share, in-line with Zacks estimates, versus a 52 cent loss a year earlier on revenues of $311.3 million, below Zacks projections of $314 million • Solarfun (NASDAQ:SOLF) reported earnings of 40 cents a share, well above...
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Calls Sold on Scotts Miracle Gro (SMG)
Tuesday, May 25, 2010 - 11:45am | 111Shares of Scotts Miracle Gro (NYSE: SMG) are lower on the session by 2.75%, currently trading $44.16. The stock has been falling as of late, from a recent high of nearly $50, and is now trading between the 50-day and 200-day moving averages. I am detecting some call selling in the name today, as...
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Company News for May 24, 2010 - Corporate Summary
Monday, May 24, 2010 - 9:36am | 185• Campbell Soup (NYSE:CPB) posted fiscal third quarter earnings of 54 cents a share, up from Zacks estimates of 51 cents versus break 48 cents a year earlier on inline revenues of $1.8 billion • IBM (NYSE:IBM) announced plans to buy Sterling Commerce from AT&T (NYSE:T) for $1.4 billion • ...
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Biggest Losers On The NASDAQ Today (SYPR, CDTI, WBNK, GFRE, HMPR, PEIX)
Thursday, May 20, 2010 - 11:51am | 161Sypris Solutions, Inc (NASDAQ: SYPR) shares plummeted 16.22% to $3.46 today. The company has narrowed its Q1 losses but its revenue fell to $62.9 million from $67.7 million. Clean Diesel Technology (NASDAQ: CDTI) shares fell 17.14% to $1.16. CDTI has agreed to merge with a maker of auto emissions...
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5-20-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, May 20, 2010 - 11:35am | 2705Stocks are sharply lower on concerns over Euro-Zone economic recovery The stock market is extending its sharp slide Thursday after disappointing employment news added to investors’ already bleak view of the world economy. Interest rates fell sharply in the Treasury market as investors once again...
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International Sales Increasingly Supply Earnings Growth 05-14-2010
Friday, May 14, 2010 - 6:57pm | 853Cusick's Corner In 2009 the Euro averaged around $1.39 and many US companies created profit targets based somewhat around that level (some higher, some lower and not all are hedging the exchange rates). Now that the Euro (ECM10) is currently around 1.24 and has dropped over 13% since the beginning...
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Monsanto (MON) Target Reduced On Pricing Doubts
Friday, May 14, 2010 - 2:25pm | 109Specialty chemicals player Monsanto (NYSE: MON) is facing pricing concerns that may be a constraint for the stock’s price over the next few quarters. Analyst Laurence Alexander at Jefferies & Company expects Monsanto to reevaluate its glyphosate strategy soon. Currently, glyphosate is expected...
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AGU: An Opportunity For Investors
Friday, May 14, 2010 - 11:04am | 128Analysts at Desjardins Securities upgrade Agrium Inc (NYSE: AGU) from "hold" to "buy." The target price for AGU is set to $70. According to the analysts, the rating has been upgraded on the basis of valuation, as Agrium’s share price has declined. “We would concur with several market observers that...
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Fast Money Picks For May 14th (MON, MCD, IBM, VIX)
Thursday, May 13, 2010 - 7:09pm | 179Tim Seymour said on CNBC's Fast Money that he likes Monsanto Company (NYSE: MON). He recommended Monsanto (MON) on April 22nd as a buy, and it fell 15.4% since his recommendation. Monsanto (MON) dropped 2.27% today and closed at $55.54. It had a volume of 16.72M traded shares, which is bigger than...
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Buyers Take a Breather 05-13-2010
Thursday, May 13, 2010 - 6:48pm | 683Cusick's Corner Reported jobless claims today did not fall as much as expected. Analysts would like to see the jobless claims fall faster because that would be a sign of more hiring on Main Street. So buyers were taking a breather today and the SPX failed to push through the 1173 level with...