Packaged Foods & Meats

Best 1) Varian Semiconductor Equipment Associates (NASDAQ: VSEA): Trading up 51.3% from yesterday's close to $61.37. Varian is being acquired by Applied Materials (NASDAQ: AMAT) for $63 per share in cash. The deal is valued at $4.9 billion. 2) Silicon Graphics International (NASDAQ: SGI): Trading...

ConAgra Foods Inc. made a $4.9 billion bid for cereal maker Ralcorp Holdings (NYSE: RAH) in an effort to broaden its business making store-brand products. The $86-per-share bid tops a previous bid of $82 that Ralcorp rejected, ConAgra said. It is a 3.2 percent premium over Ralcorp's Tuesday...

Shares of ConAgra Foods, Inc. (NYSE: CAG) are higher on the session by 3.88%, trading at $25.71. Overall call volume is now running at 4.48x the daily average, with 57% of all calls traded being purchases on the offer. 9,319 contracts have traded on the session so far. ConAgra Foods, Inc. is a...

Shares of Kellogg Company (NYSE: K) are lower on the session by 2.42%, trading at $56.05. Overall call volume is now running at 4.77x the daily average, with 10% of all calls traded being purchases on the offer. 4,961 contracts have traded on the session so far. Kellogg Company is engaged in the...

By 10:13 am, the Dow Jones Industrial Average was down 119.28 points, or 0.93%, to 12,688.23, while the broader Standard & Poor's 500 index had dropped 11.48 points, or 0.85%. The NASDAQ composite index fell 11.72 points, or 0.41%. Some of the narrow based indexes that are still afloat in the...

ValueClick Inc (NASDAQ: VCLK) shares surged 18.88% to create a new 52-week high of $19.58. VCLK reported a 22% y/y rise in its Q1 revenue. The Hain Celestial Group Inc (NASDAQ: HAIN) shares jumped 8.78% to create a new 52-week high of $36.19. HAIN reported better-than-expected FQ3 results. Varian...

Varian Semiconductor Equipment Associates Inc (NASDAQ: VSEA) jumped 51.20% to $61.31 at 9:45 am. Applied Materials Inc (NASDAQ: AMAT) agreed to acquire VSEA for about $4.9 billion. Adams Golf Inc (NASDAQ: ADGF) climbed 44.80% to $7.24. ADGF reported a 35% year-over-year surge in its Q1 net sales...

Time Warner Inc (NYSE: TWX) reported better-than-expected adjusted profit for the first quarter on Wednesday. The company's quarterly profit dropped to $653 million, or $0.59 per share, from $725 million, or $0.62 per share, in the year-ago quarter. The company's adjusted earnings came in at $0.58...

Kellogg Co (NYSE: K) released its results for the first quarter on Wednesday. The company's quarterly profit dropped to $366 million, or $1 per share, from $418 million, or $1.09 per share, in the year-earlier period. The company's sales surged 5% to $3.49 billion. However, analysts were expecting...

Kellogg (NYSE: K) reported EPS of $1.00 vs. $1.03 estimate. Revenues $3.5B vs. $3.4B estimate. Kellogg guides FY 2011 EPS of $3.42-3.49 vs. $3.48 estimate. The company today announced that first quarter 2011 reported net sales increased 5 percent to $3.5 billion. Internal net sales, which exclude...

Varian Semiconductor Equipment Associates Inc (NASDAQ: VSEA) shares surged 51.37% to $61.38 in the pre-market session. Applied Materials Inc (NASDAQ: AMAT) agreed to acquire VSEA for about $4.9 billion. Green Mountain Coffee Roasters Inc (NASDAQ: GMCR) shares advanced 20.34% to $77.10 in the pre-...

Kellogg Guides FY 2011 EPS $3.42-3.49 vs. $3.48 Estimate (NYSE: K)

JP Morgan has raised the price target on Hain Celestial Group (NASDAQ: HAIN) from $33 to $39 and maintains its Overweight rating.

Kellogg (NYSE: K) Reports EPS of $1.00 vs. $1.03 Estimate; Revenues $3.5B vs. $3.4B Estimate

In a recent report, Jefferies increased EPS to $1.32 from $1.30 and increased the price target to $39.00 from $33.00 after a strong all around quarter for Hain Celestrial (NASDAQ: HAIN). In the report, Jefferies said, "The company's better-than-expected 3Q11 results reflect continued strong...