Related Stocks: GLD, ICF, IYT, PSI, SLV, USO, XHB Nick Perry (Schaeffer's Investment Research) submits: Last week, we saw that nearly my entire list of select domestic-based funds showed gains. This week, we have a broad-based, but mostly mild, pullback: Complete Story »
March, 2007
Related Stocks: DNDN, GSK, NCAR, NVS, PGNX, QURK, REGN, VVUS, WYE Centient Biotech Investor submits: Novartis (NVS) suspended sales of Zelnorm, a treatment for irritable bowel syndrome with constipation, at the request of the FDA. Complete Story »
Filed under: Earnings reports, Good news, Competitive strategySpice manufacturer McCormick & Co. (NYSE: MKC) recently reported record results for 1Q 2007 earnings. Sales increased 7% overall. Of that, sales to consumers were up 9%, and commercial sales were up 5%. Gross profit margins were up 1.3% to 40.5%. EPS rose to $0.33, compared with EPS of $0.11 for 1Q 2006. Good news all the way around. These increases were the result of cost savings initiatives, as well as the acquisition of Simply Asia Foods in mid-2006.Consumer sales rose 10% in America, 6% in Europe, and a whopping 14% in China, with local currency gain of 9%. McCormick has spent the last months reconfiguring its product mix, particularly traditional ethnic spices. McCormick has introduced a line of gourmet spices ...
Related Stocks: VSEA Eric Savitz (Barron's) submits: UBS semiconductor equipment analyst Stephen Chin Friday upgraded his earnings estimates and price target for Varian Semiconductor (VSEA), citing better than expected demand for the company’s plasma implanter tool. Complete Story »
Related Stocks: PMCS Eric Savitz (Barron's) submits: PMC-Sierra (PMCS) Thursday night announced that it plans to close R&D centers in Winnipeg, Mannitoba and Saskatoon, Saskatchewan, resulting in the layoff of 175 positions, or almost 15% of the company’s total staff. Complete Story »
Related Stocks: CEGE, DNDN Centient Biotech Investor submits: In a surprise move, an FDA advisory committee Thursday recommended approval of the cancer immunotherapy Provenge from Dendreon (DNDN). Complete Story »
Related Stocks: DPZ, HMA, SMG Andy Kern submits: Well I guess the folks at the Wall Street Journal got wind of my recent blog postings, because on Tuesday there appeared a story on page C1 about exactly this issue. Incidentally, it pointed out that in addition to the companies I have mentioned, Domino’s Pizza (DPZ) also recently announced a “dividend recap.” I feel somewhat better about my confusion now, because even this article didn’t profess any really decent argument in favor of these transactions. Complete Story »
This week in Sound Money Tips:Find the Best BusinessesTrust a national survey.Protect Your Online Tax FilingDon't let computer snoopers steal your personal data.Be Well Equipped on the RoadThe well-equipped geek can go far.Pack Your Tech Gear in StyleQuality backpacks for all your stuff. Plan for 2007 Tax SavingsIt's not too early to prepare for next year. Complete Story »
Related Stocks: BELM, STX, WDC Eric Savitz (Barron's) submits: Daniel Renouard, an analyst at Robert W. Baird, yesterday morning downgraded shares of Seagate (STX), Western Digiral (WDC) and Bell Microproducts (BELM) to Neutral from Outperform over “increasing concerns about the competitive environment in 2007, and near-term weakness in Q1 and Q2.” Complete Story »
Related Stocks: RATE Eric Savitz (Barron's) submits: Here at Tech Trader Daily, the sub-prime mortgage debacle isn’t a major issue. But it does creep into the discussion every once in a while, in particular for Internet sites which have benefited from advertising for cheap loans. Complete Story »
