Here are the top trending tickers on an up day for Wall Street:
ConAgra Foods (CAG)
The maker of brands like Reddi-Whip, Slim Jims, Wesson Oil and about a dozen other foodstuffs that could make for a great party is up more than 5% after beating earnings estimates by a penny. CAG actually guided slightly lower for its current fiscal year but confidently projected at least 10% annual earnings growth through 2017.
In terms of commodity input costs, the company is looking for about 3% in the near-term but expects the costs to work lower in the back half.
Bed Bath & Beyond (BBBY)
Shares are flat after the merchant of all things domestic reported in-line earnings growth of 4.3%. Overall sales jumped over 17% but same-store sales rose a relatively low 3.4%. Margins were hurt by excessive promotional activity and coupon redemptions by cash-strapped customers.
Shares are up 25% year-to-date on strength in the consumer discretionary stocks as a whole and some subdued chatter that BBBY might be an acquisition target.
Shares are driving higher after the company reported earnings of 27-cents a share, more than double the 13-cents it earned last year. Fiscal third-quarter profit jumped 94% on higher margins.
On the conference call management said profits were also driven by increased demand across all segments. WGO says it's reducing promotions in the face of that demand. Between that and the falling costs of steel and gas, it could lead to stronger than expected earnings over the course of the year.
Winnebago shares have more than tripled since the dark days of 2009.
- Investment & Company Information