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P&G, Colgate May Bid For Unilever's Sanex Unit
Sunday, March 6, 2011 - 12:06am | 239Unilever (NYSE: UN), the Anglo-Dutch consumer products giant, is shopping its Sanex unit, a business that was the company's primary reason for acquiring Sara Lee's (NYSE: SLE) international toiletries business in December for $1.69 billion, in sale that is being forced by the European Union due to...
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Zhongpin Reports FY 2010 EPS of $1.65 vs. $1.46 Year Ago
Friday, March 4, 2011 - 5:11pm | 87Zhongpin Inc. (Nasdaq: HOGS) today reported higher revenues, net income, and earnings per share for the year 2010. Revenues increased 30% to $946.7 million in 2010 from $726.0 million in 2009. Net income increased 28% to $58.3 million in 2010 from $45.6 million in 2009. Basic earnings per share...
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Five Stocks For St. Patrick's Day 2011 (SAM, DEO, KO, TSN, AAPL)
Friday, March 4, 2011 - 4:11pm | 460Many may not believe St. Patrick's Day is comparable to consumer-driven holidays like Thanksgiving or Christmas as far as the stock market is concerned, but you may be surprised to learn just what kind of opportunities this Irish celebration presents. While it is true that there is very little...
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This is a Melting Up Market 03-03-2011
Thursday, March 3, 2011 - 7:13pm | 760Cusick's Corner Prices continue to melt up. The shorts never showed up into the After Hours at key resistance areas. This grind higher is also putting a lot of pressure on the shorts, specifically those who shorted Tuesday, which is yet another short-term catalyst to the upside. I have the S&...
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Slow Grind Squeezes Shorts 03-03-2011
Thursday, March 3, 2011 - 4:34pm | 871Cusick's Corner Dollar weak, Oil stable (for now) and the rest of the world readying to fight inflation -- the market is up across the board. The data both domestically and internationally is coming in better than expected, ramping up expectations of further upticks in employment and economic...
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Stocks Making All Time Highs (CERN, SJM, MKC)
Thursday, March 3, 2011 - 2:08pm | 154A few stocks are making all-time highs today. Cerner Corporation (NASDAQ: CERN) is up $2.18 to $104.05, a gain of 2.1% on a little less than 200,000 shares. Cerner Corporation provides healthcare information technology, healthcare devices, and content solutions for healthcare organizations and...
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Calls Purchased on Chiquita Brands International (CQB)
Thursday, March 3, 2011 - 11:31am | 143Shares of Chiquita Brands International (NYSE: CQB) are lower on the session by 1.93%, currently trading at $15.25. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A...
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J.P. Morgan Issues Update On H.J. Heinz Q3, Announces Brazilian Deal (HNZ)
Thursday, March 3, 2011 - 10:45am | 105J.P. Morgan issued a research report earlier this morning announcing H.J. Heinz (NYSE: HNZ) Q3 results and 80% stak in Queros, a Brazilian food company with annual revenue of approximately $325 million. "Heinz reported 3Q11 (January) adjusted EPS this morning of $0.84, in line with its $0.84 3Q EPS...
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Chiquita's 4Q Disappoints, BB&T Reiterates Buy Rating
Thursday, March 3, 2011 - 9:50am | 227BB&T Capital Markets has published a research report on Chiquita Brands International (NYSE: CQB) after the company reported losses during its 4Q. In the report, BB&T writes "Chiquita reported a Q4 loss of $0.39 (ex convertible interest expense) as compared to our...
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A Peek Into The Market Before The Trading Starts
Thursday, March 3, 2011 - 8:27am | 676<b>Pre-open movers</b> US stock futures are higher this morning, as investors are awaiting data on jobless claims and the non-manufacturing sector. Futures on the Dow Jones Industrial Average surged 93 points to 12,139.00 and futures on the S&P 500 stock index climbed 12.50...
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Heinz to Acquire 80% Stake in a Brazilian Food Company
Thursday, March 3, 2011 - 8:18am | 97H.J. Heinz Company (NYSE: HNZ) today announced that it has agreed to acquire an 80% stake in Coniexpress S.A. Industrias Alimenticias, a leading Brazilian manufacturer of the Quero brand of tomato-based sauces, tomato paste, ketchup, condiments and vegetables. The acquisition...
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Heinz Reports Q3 EPS of $0.84
Thursday, March 3, 2011 - 8:06am | 75HJ Heinz Co (NYSE: HNZ) reported its Q3 EPS at $0.84, versus the consensus of $0.82. HNZ reported its Q3 revenue at $2.72 billion, versus the consensus of $2.71 billion. HNZ shares dropped 0.06% to $48.95 in after-hours trading. Read more <a href="http://www.benzinga...
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US Stock Futures Up As Investors Await Economic Data
Thursday, March 3, 2011 - 7:23am | 420US stock futures are higher this morning, as investors are awaiting data on jobless claims and the non-manufacturing sector.Futures on the Dow Jones Industrial Average surged 75 points to 12,121.00 and futures on the S&P 500 stock index climbed 9.20 points to 1,315.00. Nasdaq 100 futures rose...
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Earnings Scheduled For March 3 (MRVL, HNZ, KR, NOVL, ALTH, BIG, BRLI, ACU, CLDX, ADUS, ACCL, IRWD)
Thursday, March 3, 2011 - 4:42am | 324Marvell Technology Group Ltd (NASDAQ: MRVL) is projected to report its Q4 earnings at $0.42 per share on revenue of $925.64 million. H.J. Heinz Co (NYSE: HNZ) is estimated to post its FQ3 earnings at $0.81 per share on revenue of $2.71 billion. Kroger Company (NYSE: KR) is expected to report its...
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Stocks To Watch For March 3 (KR, HNZ, ZUMZ, BIG, NOVL)
Thursday, March 3, 2011 - 3:48am | 195Some of the stocks that may grab investor focus today are: Wall Street expects Kroger Company (NYSE: KR) to report its Q4 EPS at $0.44 on revenue of $19.37 billion. KR shares gained 0.75% to $22.69 in after-hours trading. Analysts are expecting H.J. Heinz Co (NYSE: HNZ) to have earned $0.81 per...