Consumer Goods
(BMS) Company News for January 26, 2012 – Corporate Summary
• Manufacturer of flexible packaging products Bemis Co.’s (NYSE:BMS) shares rose 6% to end the day at $31.79 after the company posted better-than-expected fourth-quarter profits
• Share prices of WellPoint...
(UA) Under Armour Earnings Preview
Under Armour Inc. (UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, is slated to report its fourth-quarter 2011 financial results on January...
(F) Ford Motor Cuts Lincoln Dealerships
Ford Motor Co. (F) announced that it has reduced dealerships of its Lincoln luxury lineup to 325 from about 500 in the top 130 markets, where demand for luxury products is very strong.
With the reduction...
(MWV) MeadWestvaco Impacted by Weak Demand
MeadWestvaco Corporation (MWV) announced that it expects pre-tax income from its business segments (before Corporate and other) in the range of $150 to $160 million for the fourth quarter...
(CROX) Crocs Set to Hit Revenues of a Billion Dollars in 2011
Shoe manufacturer Crocs Inc (CROX) recently announced that it expects to achieve the higher end of its revenue guidance of $200 million to $205 million for the fourth quarter of 2011, based on the solid performance...
(IP) International Paper Company – Bull of the Day
International Paper Co.’s (IP) third quarter EPS of $0.92 beat the Zacks Consensus Estimate. The company continues with its merger and acquisition strategy to strengthen its businesses. The merger with...
(PC) Decline in PC Shipments Continues
Personal Computer (PC) shipments continue to struggle as research firms Gartner and IDC reported a decline in PC shipments for the fourth quarter of 2011. Gartner and IDC estimate 1.4% and 0.2% declines in worldwide PC shipments, respectively in the fourth quarter.
Worldwide...
(DMND) Company News for January 16, 2012 – Corporate Summary
• Shares of JP Morgan Chase & Co. (NYSE:JPM) declined 2.5% after the company reported its fourth quarter earnings per share of $0.90, lower than the Zacks Consensus Estimate of $0.92
• According...
(F) Ford Recalls Minivans and SUVs
Ford Motor Co. (F) announced that it would recall 539,000 vehicles including Ford Escape SUVs, and Ford Freestar and Mercury Monterey minivans because of safety issues. Most of the recalled vehicles were sold...
(F) U.S. Auto Industry Sees Best Year Since 2008
Light vehicle sales in December 2011 rose 9% to seasonally adjusted annual rate (SAAR) of 13.6 million units, driven by low interest rates (below 3%), easier credit standards, decreasing unemployment rate and pent-up demand...
(PM) Philip Morris International Working to Show Tobacco Saves Lifes
While the governments of several countries are forcing the tobacco biggies to showcase the deadly effects of cigarettes through their packets, Philip Morris International (PM) has interestingly geared up to...
(AVY) Avery Dennison Selling Office Business
Avery Dennison Corporation (AVY) is divesting its underperforming Office and Consumer Products to its competitor 3M Co. (MMM), the maker...
(F) Auto Sales to Reach Three-Year High
According to an industry research report by TrueCar.com, light vehicle sales in the U.S. (including cars, trucks and sports utility vehicles/SUVs)...
(EL) Estee Lauder Companies – Bull of the Day
Estee Lauder Companies’ (EL) first-quarter 2012 earnings of $1.41 per share surpassed both the Zacks Consensus Estimate as well as the year-ago result by 19.5% and 45.0%, respectively. The buoyant purchasing...
(KFT) Kraft Foods Sees Lobbying Charges Shrink
Kraft Foods Inc. (KFT) reported that it spent $640,000 during the third quarter 2011 on issues related to transportation,...
(PG) Procter & Gamble Reads Google Data for Marketing
Procter & Gamble Company (PG) has taken up an innovative way to market its new product, Vicks Behind Ear Thermometer. It is using the data of the famous search engine Google Inc. (
24Dec2011 | vitalstocks | 0 comments | Continued(SFD) Smithfield Food – Bull of the Day
Smithfield Food (SFD) has delivered strong second quarter 2012 earnings of $0.76 per share, surpassing the Zacks Consensus Estimate by $0.07. The result was driven by strong fresh pork earnings and robust...
(SFD) Smithfield Foods – Bull of the Day
Smithfield Foods (SFD) has delivered strong second quarter 2012 earnings of $0.76 per share, surpassing the Zacks Consensus Estimate by $0.07. The result was driven by strong fresh pork earnings and robust...
(AVP) Company News for December 15, 2011 – Corporate Summary
• VeriFone (NYSE:PAY) posted Q4 EPS of $0.53, surpassing the Zacks Consensus Estimate of $0.44 per share. Revenues for the quarter rose 50.7% year-over-year to come in at $410.70 million
• Joy Global...
(EL) Estee Lauder Companies – Bull of the Day
Estee Lauder Companies’ (EL) first-quarter 2012 earnings of $1.41 per share surpassed both the Zacks Consensus Estimate as well as the year-ago result by 19.5% and 45.0%, respectively. The buoyant purchasing...
(MGA) Magna International to Open Solar System Plant
Magna International Inc. (MGA) revealed that its body and chassis systems operating unit, Cosma International, would open a solar component manufacturing facility in Phoenix, Arizona that will strengthen its...
(PERY) Perry Ellis International Pumps Up Share Buyback
Perry Ellis International Inc. (PERY) recently approved a $20 million extension of its stock repurchase program, thereby maintaining the trend of returning wealth to its shareholders from time to time, depending...
(PG) Procter & Gamble and Siemens Extend Ties
Procter & Gamble Company (PG) gets to deepen its ties with Siemens AG (SI), as the latter confirmed the extension of providing a wide array...
(BWA) BorgWarner to Sell Tire Pressure Business
BorgWarner Inc. (BWA) plans to sell its tire pressure monitoring business to Germany-based Huf Electronics GmbH as it diverts its attention to powertrain technologies. The sale includes a manufacturing facility...
(TM) Toyota Motor Trims Earnings Outlook
Toyota Motor Corp. (TM) has sharply cut its earnings outlook for the fiscal year ending March 31, 2012 due to a strong yen and severe flooding in Thailand that disrupted its parts supply chain.
The automaker...
(IP) Temple-Inland Shareholders Nod to International Paper Merger
The International Paper (IP) – Temple-Inland (TIN) merger has been approved by more than 98% of Temple’s shareholders. This clears...
(MTOR) Meritor Incorporated – Bear of the Day
Meritor, Inc. (MTOR) is a globally recognized automotive parts supplier. However, the company has high customer concentration, which implies limited scope for margin expansion. Further, the recent turmoil...
(KO) Consumer Staples Stock Outlook – December 2011 – Industry Outlook
Stocks in the Consumer Staples sector performed their traditional defensive role as the broader equity markets came under pressure over concerns about the prolonged weak U.S. economy and the debt crisis in Europe. Shares of consumer staples companies, accounting for a total...
(F) U.S. Auto Industry – Pent-Up Demand or Recovery?
Despite uncertainties in the market, consumers did not step back from the automobile showrooms in November as they felt the ardent need to change their old cars in the garage. Why wouldn’t they be, when the average age of vehicles on U.S. roads is almost 11 years and used...
(GM) Auto Industry Stock Outlook and Review – December 2011 – Industry Outlook
The auto industry is highly concentrated. About 10 global automakers account for over 77% of the production worldwide and 13 automakers account for more than 90% of total vehicles sold in the U.S.
In the first 10 months of 2011, General Motors Company...