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Market Wrap For February 14: Markets End The Week Positive
Friday, February 14, 2014 - 5:50pm | 2701Read More...U.S. stocks rose on Friday as investors were able to overlook some disappointing economic data as a result of cold weather. Major indices showed signs of strength today as the Nasdaq continues to inch towards historical all time highs of 5,135.52 recorded on March 10,2000. Today, the index hit...
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Market Wrap For December 5: Market Participants Anxiously Await Tomorrow's Employment Report
Thursday, December 5, 2013 - 6:00pm | 2246Read More...Stock futures pointed to a lower open following premarket data revealing that the U.S. economy and job market are improving faster and stronger than expected. Selling began at the bell and continued for the entire day as major indices failed to hold on to any rallying gains. Investors and...
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UPDATE: Gabelli Downgrades J.M. Smucker to Hold
Friday, June 10, 2011 - 9:37am | 77Read More...Gabelli is out with its report today on J.M. Smucker (NYSE: SJM), downgrading SJM from Buy to Hold. In a note to clients, Gabelli writes, "SJM faces several challenges going into FY2012, although the earnings guidance is achievable, we are changing our recommendation to a Hold based on valuation...
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Citi Maintains Hold Rating, $82 PT on J.M. Smucker
Friday, June 10, 2011 - 9:14am | 101Read More...J.M. Smucker (NYSE: SJM) reported F4Q11 earnings of $1.00/sh, 1c above consensus, Citi reports. “For the full year, EPS grew by 10% as Smucker was able to effectively raise prices in order to offset rising costs and grow profits while maintaining volumes,” Citi writes. “However, the road appears...
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UPDATE: J.P. Morgan Raises PT on J.M. Smucker to $83
Friday, June 10, 2011 - 8:39am | 123Read More...J.P. Morgan is out with its report today on J.M. Smucker (NYSE: SJM), raising its PT from $82 to $83. In a note to clients, J.P. Morgan writes, "We assume that SJM's P/E stays constant at the current 15.1x NTM earnings. Using our calendar 2012 estimate of $5.50, this implies fair value at the end...
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Smucker Earnings Preview: A Return to Profit Growth?
Wednesday, June 8, 2011 - 8:27am | 400Read More...J.M. Smucker (NYSE: SJM) is scheduled to report fourth-quarter fiscal 2011 results before the markets open on Thursday, June 9. Investors hope that last quarter's profit decrease was a one-off and that the company will begin a new streak of consecutive quarters of year-over-year profit growth....
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Earnings Highlights for the Week of June 6
Sunday, June 5, 2011 - 1:02pm | 1032Read More...S&P 500 components scheduled to report quarterly results this week include J.M. Smucker (NYSE: SJM), National Semiconductor (NYSE: NSM) and Pall Corp. (NYSE: PLL). While analysts on average are expecting strong earnings growth from Pall, the consensus forecast for Smucker is earnings about the...
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UPDATE: JP Morgan Raises PT on J.M. Smucker (SJM)
Friday, February 18, 2011 - 11:03am | 113Read More...JP Morgan is out with its report on J.M. Smucker (NYSE: SJM), raising its price target from $71 to $72. In a note to clients, JP Morgan writes, "Following yesterday's earnings beat, we are boosting our EPS estimates and price target for J.M. Smucker Co. FY11E goes to $4.81 from $4.65, FY12E to $5....
