Metal & Glass Containers

Pactiv Corp. (NYSE: PTV) reports Q2 earnings of $0.56 versus estimates of $0.55. Pactiv Corp. reports Q2 revenues of $973 million versus estimates of $1.01 billion. Sees Q3 EPS 56c to 60c. Sees year sales up 8% to 9%.

Shares of Ball Corp. (NYSE: BLL) are flat on the session, currently trading at $57.09. The stock has been moving largely higher over the past two months, off from recent lows near $48.00. Options traders are selling puts on the name today. The August $55 put was sold 1,800 times, on or near the...

Shares of Owens-Illinois Inc. (NYSE: OI) are lower on the session by 7.81%, currently trading at $27.51. The stock has tested and failed at the 50-day moving averages, which is a significantly bearish sign. Calls are being purchased on the name today, though. The September $31.00 call was...

Cusick’s Corner The midday trade is tight and there is no directional bias at this stage of the trading day. The stress test results (for the most part) were a non-event and really did not give traders a better view that could potentially influence positioning. Tech looks potentially poised for a...

Shares of Pactiv Corp. (NYSE: PTV) are higher on the session by 4.79%, currently trading at $31.07. The stock has been moving largely higher over the past six months and is trading at a fresh 52-week high. Options traders are selling calls on the name today. The August $30 call was sold 1,500...

Goldman says, “We upgrade shares of Ball (NYSE: BLL) and Crown (NYSE: CCK) to Buy and downgrade shares of Owens-Illinois (NYSE: OI) and Pactiv (NYSE: PTV) to Neutral. We believe BLL and CCK will outperform as US GDP growth slows, given their more defensive end-market exposure vs. peers,...

Shares of Owens-Illinois Inc. (NYSE: OI) are higher on the session by 2.72%, currently trading at $29.81. The stock has been moving largely lower over the past three months, but looks like it may have bottomed as of late. Options traders are buying calls on the name today. The January $40.00 call...

Crystal Lake, Illinois based AptarGroup, Inc. (NYSE: ATR) on Tuesday after the market closed released financial results that beat Wall Street expectations. AptarGroup, Inc. (ATR) reported that its 2nd quarter net income surged to $46.7 million, or 67 cents per share, up from $28.5 million, or 41...

iGATE Corporation (NASDAQ: IGTE) shares gained 5.59% to create a new 52-week high of $17. IGTE reported a sharp rise in its Q2 earnings. CyberSource Corporation (NASDAQ: CYBS) shares rose 0.02% to create a new 52-week high of $25.99. CYBS’ quarterly earnings soared 279.20% y/y. Regency Energy...

Shares of Owens-Illinois Inc. (NYSE: OI) are lower on the session by 1.35%, currently trading at $29.90. The stock has been moving largely lower over the past three months and is currently in a technical downtrend. Options traders are buying puts today. The July $30 put was purchased 1,000 times,...

In the 30-day period ending on July 6, 2010, the packaging sector outperformed the S&P 500 by 2.9%. It gained 0.4% in absolute terms. In its report covering the sector, JPMorgan has expressed its hope that the company is expected to make decent earnings in 2Q. However, it has lowered its 2010...

Like most chartists, I'm continually on the lookout for quality patterns stacking the odds in my favor while providing favorable risk/reward entries. Entering the market at random times is not only silly, it's usually a one way ticket to the poorhouse. Whether you're an Elliot Wave...

Analysts at Credit Suisse upgrade Ball Corporation (NYSE: BLL) from "neutral" to "outperform." BLL’s shares closed at $50.42 yesterday. More Analyst Ratings here

Pactiv (NYSE: PTV) has attracted a number of bidders for itself. The valuation is likely to be in the range of $4 billion, and will be one of the largest deals in the packaging sector. According to The Wall Street Journal, The packaging sector had been consolidating prior to the economic crisis,...

Shares of Pactiv Corp. (NYSE: PTV) are soaring once again amid more reports that several companies are looking to buy the maker of Hefty trash bags. Shares of Pactiv are up $1.78, or 6.3 percent, to $29.68 on the day. Three potential bidders, Apollo Global Management, Pacific Corp., and Rank Group...