Packaged Foods & Meats

The Consumer Goods Sector is taking another hit in today's trading session, currently down 1% from yesterday's close. The weakest S&P Consumer Goods stocks currently are: 1) Goodyear Tire & Rubber (NYSE: GT): Shares of Goodyear Tire and Rubber are currently trading down 7.3% from...

Shares of Chiquita Brands International (NYSE: CQB) are lower on the session by 5.83%, currently trading at $12.44. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name...

Rooting for the Canucks in these Stanley Cup finals is like rooting for Cobra Kai Dojo in the Karate Kid. They're thugs, they (literally) bit another player, and they let some third-rate defensemen knock a Bruin out for the playoffs with a concussion. They're dirty and they deserve to get smoked...

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...

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...

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...

Morgan Stanley reiterated its Overweight rating on General Mills (NYSE: GIS) ahead of the company's quarterly earnings report. In a research report published today, Morgan Stanley states, "We are maintaining our Overweight rating on General Mills ahead of F4Q11 EPS on Wednesday, June 29. Our $0....

Morgan Stanley reiterated its Equal-weight rating on ConAgra Foods (NYSE: CAG) ahead of the company's quarterly earnings report, which is due on June 23rd. In a research report published today, Morgan Stanley commented on its forecasts, "We forecast: i) Net sales growth of 0.1%, comprised of 1.9...

Smithfield Foods, Inc. (NYSE: SFD) announced today that it has entered into new revolving credit facilities totaling $1.2 billion with Rabobank Nederland, New York Branch, as administrative agent. The new credit facilities replace the company's previous $1.0 billion revolving credit facility and...

JP Morgan has raised the price target on JM Smucker Company (NYSE: SJM) from $82 to $83 and maintains its Overweight rating.

BB&T provided color on Chiquita Brands International (NYSE: CQB). In a research report published today, BB&T stressed its concern about the impact of the EU and Colombia trials on Chiquita's performance. In the report, BB&T states, "we are concerned on the EU front. Further, a...

Coffee Holding Co., Inc. (NASDAQ: JVA) shares are soaring today, up 45% after the company reported better than expected earnings. The company reported second quarter earnings of 22 cents per share on $37.3 million in revenues. The company reported second quarter earnings of 15 cents in the second...

Global Hunter Securities downgraded Zhongpin (NASDAQ: HOGS) from Accumulate to Neutral in a research report published today. In the report, Global Hunter Securities states, "In addition to the processing capacity build out the company has also expressed its desire to move into upstream production...

Shares of Visa Inc (NYSE: V) dropped about 0.5% after the company announced its plans to acquire South Africa's Fundamo, a leading platform provider of mobile financial services, for around $110 million in cash. It also signed a long-term agreement with Monitise plc (OTC: MONIF). The transaction is...

FiberTower Corporation (NASDAQ: FTWR) climbed 20.30% to $1.60 at 9:55 am. FTWR shares have dropped 64.15% over the past 52 weeks, while the S&P 500 index has gained 21.21% in the same period. Trunkbow International Holdings Ltd (NASDAQ: TBOW) shares advanced 17.20% to $2.93. TBOW's trailing-...