Housewares & Specialties

Even in the tough environment scenario, the group is still investing heavily in innovation and A&P for boosting volume growth. Volume is the sector is being driven by,” (i) big recovery in EM and (ii) US improving slowly, despite weak trends in Europe and Japan,” Deutsche Bank said. “Cost...

Newell Rubbermaid (NYSE: NWL) is currently trading lower on the session to $17.49, off 2.94%. The company announced a new product launch this morning (biodegradable pens), but that does not seem to be impacting the name in any way. Options action is favoring the put side where 1,973 June $15 puts...

Jefferies & Company analysts Douglas M. Lane and Per E. Ostlund lowered their rating for shares of Jarden Corporation (NYSE: JAH) to Hold, from the previous rating of Buy. They also lowered the price target to $52.50, from the previous price target of $55.00. The analysts' new price target was...

Barrington Research analyst Derek Leckow reiterated his Outperform rating for shares of Fortune Brands, Inc. (NYSE: FO), with a price target of $68. Leckow noted that Fortune Brands, Inc. recently reported financial results for the 1st quarter of 2010 that beat analyst estimates. Fortune Brands...

Newell’s Rubbermaid Inc. (NYSE: NWL) reported today that its first-quarter profit surged by 75%. The company reported a profit of $58.4 million, or $0.19 per share, compared with a profit of $33.7 million, or $0.12 per share reported for the same period last year. Revenue increased by 8.5% to $1.3...

Botox-maker Allergan Inc (NYSE: AGN) reported its first-quarter earnings at $168 million, or $0.55 a share, up from $44.7 million, or $0.15 a share, for the same period a year ago. Excluding certain items, Allergan would have posted adjusted earnings of $0.65 per share. AGN’s revenues for the...

Sunday, May 9, 2010 is Mother's Day, so if you haven't done the shopping for your mother and/or wife, then you should start now. You may want to consider a gift of some shares in companies that may participate in sales of Mother's Day related products. Why not buy her some chocolate, flowers, and...

Stocks rose for a second straight day, led by financial shares, as investors shrugged off European debt concerns and parsed some strong earnings numbers for signs of an improving economy.  A Labor Department report suggesting layoffs are beginning to slow also added to investors’ confidence and...

• Bank of America (NYSE:BAC) lowered its rating on Goldman Sachs (NYSE:GS) to "neutral" from "buy" and cut the price target to $160 from $230, citing today's news of a criminal probe • Endo Pharmaceuticals (NASDAQ:ENDP) posted a first quarter one-penny miss as earnings of 74 fell just short of...

Among the notable stocks that are moving higher in the after hours session are ArcelorMittal (NYSE: MT), Atheros Communications (NASDAQ: ATHR), Dick's Sporting Goods (NYSE: DKS), and Jarden Corporation (NYSE: JAH). ArcelorMittal (MT) shares have moved 2.63% to the upside in the after hours after...

According to Barron’s, cash built-up by many companies during the economic recession was not the result of higher sales but of some accounting maneuvers. During the downturn, many companies adjusted their working capitals by reducing inventories, increasing payment periods, and reducing receivables...

Acme United Corporation (AMEX: ACU) announced results for its first quarter today that topped analysts' expectations. The Connecticut maker of cutting, measuring and safety products reported net sales of $13.1 million compared to $11.3 million in the first quarter of 2009. Analysts were looking for...