Packaged Foods & Meats

Campbell Soup (NYSE: CPB) will be reporting its fiscal third-quarter 2011 results Monday, May 23, before the opening bell. Analysts are looking for the company to post earnings of $0.52 per share on revenue of $1.8 billion. That compares to $0.54 per share on $1.8 billion in the same period of last...

Piper Jaffray upgraded Sprint Nextel Corp (NYSE: S) from “neutral” to “overweight.” Sprint Nextel's shares closed at $5.33 yesterday. Sprint Nextel's trailing-twelve-month revenue is $32.79 billion. Analysts at Citigroup upgraded AES Corporation (NYSE: AES) from “hold” to “buy.” AES' shares closed...

KeyBanc raised its rating on Tyson Foods (NYSE: TSN) from Hold to Buy. Price target is set at $23.

Cusick's Corner The dynamics did not change much during the afternoon session. If anything there was a sense that the bulls lost interest in challenging the upside, skeptics, in front of tomorrow's AM settlement of European index options and PM settlement of equity options. I am not convinced that...

Cusick's Corner It is hard to see a market top with the shift in retail sentiment from bullish to hedge happening so quickly. The market is moving to the upside with some decent breadth. The Dollar has been weak, a definite catalyst for equities, and the Euro currency found its bid this midday,...

Omega Protein Corporation (NYSE: OME) today reported that late in the evening on May 18, 2011, an Omega Protein vessel, the F/V SANDY POINT, was involved in a collision with a commercial cargo vessel, the EURUS LONDON, in Mississippi waters approximately eight miles south of Gulfport, Mississippi...

Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of Washington on behalf of purchasers of HQ Sustainable Maritime Industries (NYSE: HQS) who purchased stock between May 11, 2009 and April 1, 2011. If you are...

Williams-Sonoma Inc (NYSE: WSM) reported a 62% rise in its fiscal first-quarter net income. Williams-Sonoma reported a quarterly profit at $31.6 million, or $0.29 per share, versus $19.5 million, or $0.18 per share, in the year-ago period. Its adjusted earnings came in at $0.30 per share. The...

Deutsche Bank commented on Campbell Soup (NYSE: CPB) in a report released yesterday. In the report, Deutsche Bank was mixed in its outlook for the soup maker. Deutsche Bank writes, “We retain our Hold opinion and wait for F2012 along with updated goals. But with a solid BS/FCF, the stock's...

J.P. Morgan is out with its report today on SodaStream International (NASDAQ: SODA), raising its PT from $38 to $50. In a note to clients, J.P. Morgan writes, "We rate SodaStream International Neutral. While the growth profile for SODA is likely the highest of any company in our universe, we think...

JP Morgan has raised the price target on Campbell Soup Company (NYSE: CPB) from $31 to $32 and maintains its Neutral rating.

Cusick's Corner Equities and commodities bounced into the afternoon but I'm skeptical of this move with the Buck firming and the Euro unable to break out with the market. Now the crude run is more of a fearful response to the wildfires in Canada that may cause a potential slowdown in oil sands-...

General Mills (NYSE: GIS) has agreed to buy a controlling 51 percent stake in French yogurt maker Yoplait SAS for approximately $1.15 billion. Negotiations began in March with the French private equity firm PAI Partners, though GISD had a head start as it has held the US license for Yoplait for 34...

General Mills (NYSE: GIS) announced today that it had acquired a controlling stake in yogurt maker Yoplait for $1.15 billion. The company is buying a 51% stake in Yoplait and a 50% stake in the entity that controls the Yoplait brand from a French private-equity firm. French dairy cooperative...

The Hershey Company (NYSE: HSY) today announced that John P. Bilbrey, Executive Vice President, Chief Operating Officer, has been named interim President and Chief Executive Officer. Bilbrey replaces David J. West, President and Chief Executive Officer, who has informed the Board of Directors...