U.S. Markets closed

Strength Seen in Diamond Foods (DMND): Stock Up 9.9%

Zacks Equity Research

Diamond Foods, Inc. (DMND) was a big mover last session with shares rising nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock has gained nearly 25% in the past one-month time frame.

This packaged food company has witnessed two positive estimate revisions in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this
stock going forward to see if yesterday’s rally can turn into more strength down the road.

Diamond Foods currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Investors interested in the food retail industry may also consider stocks like Nestl (NSRGY), J&J Snack Foods Corp. (JJSF) and The Hain Celestial Group, Inc. (HAIN). All the three stocks bear the same Zacks Rank as Diamond Foods.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

DIAMOND FOODS INC (DMND): Free Stock Analysis Report

NESTLE SA REG SHRS S (NSRGY): Free Stock Analysis Report

J&J SNACK FOODS CP (JJSF): Free Stock Analysis Report

HAIN CELESTIAL GROUP INC (HAIN): Free Stock Analysis Report

Zacks Investment Research