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Brynwood Partners VI Acquires the Zest Brand from Procter & Gamble
Tuesday, January 4, 2011 - 1:31pm | 87Brynwood Partners VI L.P. announced today that its newly-formed portfolio company, High Ridge Brands Co., has acquired the Zest brand from The Procter & Gamble Company (NYSE: PG). High Ridge Brands purchased the rights to the Zest brand in the United States, Canada and the Caribbean markets....
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Clorox Guides its Fiscal 2011 - Analyst Blog
Tuesday, January 4, 2011 - 11:33am | 694The Clorox Company (CLX) guided its top-line and bottom-line expectations for the second quarter of fiscal 2011 as well as fiscal year 2011. The company also provided its plans on buying back share and an estimate of after-tax gain on the sale of its Auto Care businesses. Also, Clorox announced a...
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Clorox Guides its Fiscal 2011 - Analyst Blog
Tuesday, January 4, 2011 - 11:00am | 694The Clorox Company (CLX) guided its top-line and bottom-line expectations for the second quarter of fiscal 2011 as well as fiscal year 2011. The company also provided its plans on buying back share and an estimate of after-tax gain on the sale of its Auto Care businesses. Also, Clorox announced a...
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Stock Market News for Jan 4, 2011 - Market News
Tuesday, January 4, 2011 - 9:33am | 1169Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart from this positive...
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Stock Market News for Jan 4, 2011 - Market News
Tuesday, January 4, 2011 - 9:07am | 1169Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart from this positive...
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May Be Running Out of Bulls 01-03-2011
Monday, January 3, 2011 - 4:13pm | 892Cusick's Corner Happy 2011 and boy does this market seem happy. This is the time when you really need to be on your toes, do not get complacent. Market sentiment is not a timing tool, but rather a tool to help us gauge the progress of a trend and monitor if a trend is getting a little extreme....
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Market Update (CLX, DOV, AA)
Monday, January 3, 2011 - 11:04am | 218Shares of The Clorox Co (NYSE: CLX) dropped about 3% after the company projected its Q2 adjusted earnings in a range of $0.57 to $0.63 per share, after excluding the goodwill impairment charge. However, analysts were expecting earnings of $0.74 per share. Clorox projects its Q2 sales to drop 3% to...
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Clorox Provides Preliminary Second Quarter Financial Information
Monday, January 3, 2011 - 8:31am | 80The Clorox Company (NYSE: CLX) today announced preliminary financial information for its fiscal second quarter, which ended Dec. 31, 2010, and updated its sales outlook for its full fiscal year, which ends June 30, 2011. For its second fiscal quarter, Clorox anticipates that sales will decline 3...
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Consumer Goods Sector Lagging
Wednesday, December 22, 2010 - 1:35pm | 86The consumer goods sector is lagging the overall market today, which is about 0.2% higher across the board. The sector is obviously led by Procter & Gamble (NYSE: PG), whose shares are down 0.3%. Other notable underperformers today are Nike (NYSE: NKE), Coach (NYSE: COH), and Coca-Cola (NYSE:...
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Zacks #5 Rank Additions for Wednesday - Tale of the Tape
Wednesday, December 22, 2010 - 8:33am | 340Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aviat Networks Inc (AVNW) Checkpoint Systems Inc (CKP) China Agritech Inc (CAGC) The Clorox Co (CLX) Greatbatch Inc (GB) View the entire Zacks #5 Rank List. AVIAT NETWORKS (AVNW): Free Stock Analysis Report CHINA AGRITECH (...
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Zacks #5 Rank Additions for Wednesday - Tale of the Tape
Wednesday, December 22, 2010 - 8:14am | 340Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aviat Networks Inc (AVNW) Checkpoint Systems Inc (CKP) China Agritech Inc (CAGC) The Clorox Co (CLX) Greatbatch Inc (GB) View the entire Zacks #5 Rank List. AVIAT NETWORKS (AVNW): Free Stock Analysis Report CHINA AGRITECH (...
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Option Investors (Still) Bearish on Wells Fargo (WFC)
Tuesday, December 21, 2010 - 12:49pm | 1665The February options series opened for business in Wells Fargo (NYSE:WFC) yesterday and one large-scale options investor appears to have swooped in to extend a bearish trade. Wells shares are up 9.5% in the past month and have gained slightly more than that year-to-date, but this investor...
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A Secret 6 Percent Dividend Revealed
Tuesday, December 21, 2010 - 11:53am | 890Merger and acquisition activity is lifting the bid for many consumer stocks. In the past few weeks, Fortune Brands (NYSE: FO) said it would focus on its spirits business, including Jim Beam, and split off its consumer goods and sports products, making them ripe for...
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DirecTV To Offer Personalized Ads (DTV, BBY, PG, KO)
Monday, December 20, 2010 - 9:31am | 132DirecTV (NASDAQ: DTV) is set to launch a new feature to advertisers: customized ads. Bloomberg Television reports that starting next year, the satellite provider will give advertisers the ability to program each commercial to each individual household. In 2011, Coca-Cola Company (NYSE: KO), Best...
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Deutsche Bank Raising Price Target On Procter & Gamble (PG)
Monday, December 20, 2010 - 7:20am | 125Deutsche Bank is maintaining its Hold rating and is raising its price target to $70 from $68 on The Procter & Gamble Company (NYSE: PG). In a note sent to investors, Deutsche Bank writes, "Behind its broad "touching and improving lives" rallying cry, the company is investing to build scale in...