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Stocks to Watch for 6/29/11: Fresh 52 Week Highs and Lows
Wednesday, June 29, 2011 - 3:11am | 2861Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session: 1) CIGNA (NYSE: CI): Shares of CIGNA hit a 52-week high of $51.16 in Tuesday's...
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Earnings Scheduled For June 29
Tuesday, June 28, 2011 - 11:49pm | 304Family Dollar Stores Inc (NYSE: FDO) is projected to post its Q3 earnings at $0.95 per share on revenue of $2.17 billion. Acuity Brands Inc (NYSE: AYI) is estimated to report its Q3 EPS at $0.63 on revenue of $447.59 million. General Mills (NYSE: GIS) is expected to report its Q4 EPS at $0.52 on...
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Mad Money Lightning Round: Cramer Likes Cheesecake Factory
Tuesday, June 28, 2011 - 11:40pm | 325On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he “really likes Cheesecake Factory (NASDAQ: CAKE).” He added, “It's a well run company and I'm a buyer." He said that Ezcorp (NASDAQ: EZPW) is “part of the expanding lower class theme. It fits into my dollar store thesis and I...
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Stocks To Watch For June 29
Tuesday, June 28, 2011 - 11:38pm | 292Some of the stocks that may grab investor focus today are: Wall Street expects Monsanto Co (NYSE: MON) to report its Q3 EPS at $1.11 on revenue of $3.38 billion. MON shares rose 0.88% to $67.49 in the after-hours trading session. Dell Inc (NASDAQ: DELL) announced its plans to repurchase more than...
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ETFs To Watch June 29, 2011 (EMB, EWZ, PBJ, UCO)
Tuesday, June 28, 2011 - 6:35pm | 201Here is the ETF Professor's ETF Watch List for Wednesday June 29, 2011. Play earnings from General Mills (NYSE: GIS) with the PowerShares Dynamic Food & Beverage ETF (NYSE: PBJ) and the Global X Food ETF (NYSE: EATX). Play follow through on oil's bounce with the ProShares Ultra DJ-UBS Crude...
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Activist investor targets Kraft
Tuesday, June 28, 2011 - 5:18pm | 73The Trian Fund Management, headed by Nelson Peltz, bought 12.2 mil shares, valued at $423 mil, in the maker of Oscar Mayer meats and other foods. Peltz often buys big stakes and then pushes for changes. Peltz has spurred shake-ups at Heinz (HNZ), Wendy's/Arby's and Cadbury Schweppes. In Feb., he...
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McCormick
Tuesday, June 28, 2011 - 5:18pm | 24McCormick (MKC) , a maker of seasonings and sauces, will buy Kamis, a Poland-based seasoning company, for $291 mil to expand in Europe. It rose 0.8% to 50.78.
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Slow Economy Cannot Stop B&G's Growth
Tuesday, June 28, 2011 - 4:37pm | 77B&G Foods (BGS) proves that a company can satisfy a wide variety of tastes profitably -- in good times and bad. B&G owns and markets at least 20 separate brands of food that range from the grits-inspired Cream of Wheat breakfast offerings to Ortega taco shells and spices. One common thread...
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Campbell Announces Initiatives to Increase Supply Chain Efficiency and Reduce Overhead Costs; Expects to Eliminate 770 Jobs
Tuesday, June 28, 2011 - 3:30pm | 112Campbell Soup Company (NYSE: CPB) today announced a series of initiatives to improve supply chain efficiency and reduce overhead costs across the organization. The company also announced its intent to close its office in Moscow and exit the Russian market. Campbell expects to eliminate...
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Green Mountain Coffee Roasters Continues To Skyrocket
Tuesday, June 28, 2011 - 12:27pm | 81Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) have jumped another 3.46% to $87.88 during Tuesday's trading session. The stock is trading just below its 52-week high of $88.10. Over the last 52-weeks, GMCR has surged 228% and year-to-date, the name is up 167%. Green Mountain Coffee...
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Encore Consumer Capital Announces Sale of Aidells Sausage Company To Sara Lee Corporation for $87M
Tuesday, June 28, 2011 - 12:01pm | 31Encore Consumer Capital has completed the sale of its portfolio company, Aidells Sausage Company, Inc. to Sara Lee Corporation (NYSE: SLE) for $87 million.
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Calls Purchased on Sanderson Farms, Inc.
Tuesday, June 28, 2011 - 9:49am | 138Shares of Sanderson Farms, Inc. (NASDAQ: SAFM) are higher on the session by 1.08%, currently trading at $47.55. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short...
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Companies Presenting Today at Oppenheimers Consumer Conference
Tuesday, June 28, 2011 - 7:40am | 384Today in Boston, several companies will be presenting at Oppenheimer's 11th Annual Consumer Conference at the Four Seasons Hotel. Below is a schedule of publicly-traded companies and their presentation times: 9:30am: Six Flags (NYSE: SIX) TJX Companies (NYSE: TJX) 10:05am: Pool Corp (NYSE: POOL)...
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General Mills Earnings Preview: Marginal Sales Growth Expected
Tuesday, June 28, 2011 - 7:30am | 342General Mills (NYSE: GIS) is set to report fourth-quarter fiscal 2011 results tomorrow, June 29, before the markets open. The report should offer a look at where things stand in terms of the cost of food and transportation. Analysts are looking for the maker of Wheaties and Lucky Charms to report...
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McCormick Enters Agreement to Acquire Kamis for $291M
Tuesday, June 28, 2011 - 7:01am | 96McCormick & Company, Incorporated (NYSE: MKC) today announced that it has signed an agreement to purchase 100% of the shares of Kamis S.A. Kamis is a privately held company based in Poland with distribution into Russia and other parts of Central and Eastern Europe. The completion of the...