24/7 Wall St.

Hershey Longs For Cadbury?

247wallst — Fri, 20 Nov 2009 21:46:26 +0000

The trust that controls Hershey has asked the company to make a bid for UK sweets company Cadbury (NYSE:CBY). The Wall Street Journal reports that the offer would be approximately $17 billion which would top the current offer from Kraft (NYSE:KFT) Douglas A. McIntyre Posted in Mergers and Buy Outs Tagged: CBY, KFT

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52-Week High Club (DDS, DBRN, SJM, MRK)

247wallst — Fri, 20 Nov 2009 21:11:06 +0000

Dillard’s Inc. (NYSE: DDS) rose as high as over 10% to a yearly high of $15.79 after the department-store chain was upgraded by Deutsche Bank AG. Dress Barn Inc. (NASDAQ: DBRN) rose as high as 9.2% to a yearly his of $22.42 after the women’s clothing retailer announced earnings of $0.37, beating analysts estimates. The J.M. [...]

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Unusual Friday Options Activity (AAPL, GOOG, BAC, LEAP, PCS, DRYS, YHOO)

247wallst — Fri, 20 Nov 2009 20:24:51 +0000

We have seen some unusual options trading today. As you would expect, some is around today’s 4:00 PM close with today being options expiration date. But some bets are way out into 2011 and we have some around merger rumors. All have links with full details on the options trading analysis at VSInvestor: Apple Inc. (NASDAQ: [...]

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Next Week’s Top 10 Earnings on Deck (HPQ, TSN, CPB, LDK, TECD, BKS, BGP, JCG, DLTR, DE)

247wallst — Fri, 20 Nov 2009 18:19:22 +0000

Earnings season has mostly wound down, but as always there are at least some major companies reporting earnings. Some are actually market-movers as well and it is a short week with earnings out only Monday and Tuesday, with a few on Wednesday. On deck are Hewlett-Packard Company (NYSE: HPQ), Tyson Foods Inc. (NYSE: TSN), Campbell [...]

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Rig Count Growth Mostly Positive (BHI, OIH, DIG, USO, OIL)

247wallst — Fri, 20 Nov 2009 18:11:14 +0000

Baker Hughes, Inc. (NYSE: BHI) has released its data on the weekly rig counts and most are up. We are watching the key ETF products react via the Oil Services HOLDRs (NYSE: OIH), the Ultra Oil & Gas ProShares (NYSE: DIG), the United States Oil (NYSE: USO) ETF and the iPath S&P GSCI Crude Oil [...]

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The Palm Margin Squeeze (PALM, S, AMZN, WMT)

247wallst — Fri, 20 Nov 2009 14:24:02 +0000

Palm, Inc. (NASDAQ: PALM) has sort of already fallen from grace despite all the hype behind the Palm Pre. Throw in that Pixi too. Discounting is trumping what may be weaker sales. It turns out that Amazon.com (NASDAQ: AMZN) is offering the Palm Pre for Sprint for a mere $79.99. Sprint Nextel (NYSE: S) has [...]

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Today’s Best Market Rumors (11/20/2009) (GS)(JAVA)

247wallst — Fri, 20 Nov 2009 14:01:43 +0000

Updated throughout the day. GE (NYSE:GE) and Vivendi are at odds over the NBCU valuation (FT) IBM (NYSE:IBM) is taking advantage of the delay in the Sun (NASDAQ:JAVA) deal to be bought by Oracle (NASDAQ:ORCL) (TheStreet) The joint venture between Rio Tinto (NYSE:RTP) and BHP Billiton (NYSE:BHP) may lead to a merger. (various) Ferrero may want to buy Cadbury’s gum and candy [...]

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Top Day Trader Alerts (BCRX, DELL, DRYS, NVAX, WCRX)

247wallst — Fri, 20 Nov 2009 13:44:08 +0000

These are this morning’s top day trader alerts and active trader alerts early this Friday morning. We have links through to each stock at VSInvestor.com with more data and analysis on each: BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) down almost 6% on its secondary offering. Dell Inc. (NASDAQ: DELL) is down 8% on earnings, but we came up [...]

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Top 10 Analyst Upgrades, Downgrades, Initiations (AFL, BRCM, DDS, D, INTC, MRVL, BTU, RTP, STP, TXN)

247wallst — Fri, 20 Nov 2009 13:05:46 +0000

These are Friday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen early this morning in Wall Street research calls: AFLAC (NYSE: AFL) Raised to Overweight at Morgan Stanley. Broadcom Corp. (NASDAQ: BRCM) Started as Outperform at BMO Capital Markets. Dillard’s (NYSE: DDS) Raised to Buy at Deutsche Bank. Dominion (NYSE: D) Cut to Sell at Citigroup. Intel [...]

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South Korea Continues To Best US In Auto Trade

247wallst — Fri, 20 Nov 2009 10:59:31 +0000

The AP reports that South Korean auto groups claim that the Asian country exported 600,000 cars and light trucks to the US last year. Only 7,000 American autos were sold in South Korea during that period. The figures probably got more lopsided this year as Hyundai improved it sales in the US. The numbers look a bit [...]

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