Investors might want to check out a handful of stocks in the consumer staples sector that analysts say could be trading at a discount.» Read More
*Lowe's, Target shares rise after results. Helping to limit losses, Target Corp rose 6.8 percent and Lowe's rose 6.3 percent, both after results. "I can understand the market being a bit jittery here after making a new high and pausing ahead of the Fed minutes," said Paul Zemsky, chief investment officer of Multi-Asset Strategies and Solutions at Voya Investment...
U.S. financial markets pulled back slightly from their most recent record highs Wednesday, ending lower for the first time this week. The Dow Jones industrial average and Standard& Poor's 500 index mostly hovered slightly below the all-time high closes set a day earlier. "This does not move the needle a whole bunch," said John Canally, Chief Economic Strategist for...
Oct 30- Beauty products maker Elizabeth Arden Inc posted its third straight quarterly loss, largely due to its large exposure to perfumes, a category that has seen weak demand in North America. Elizabeth Arden had announced an annual cost saving target of $40- $50 million and the company said it had made significant overhead cost reduction during the first...
*Visa, MasterCard both rally after results. NEW YORK, Oct 30- U.S. stocks mostly edged higher on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, while results at Visa single-handedly put the Dow in solidly higher territory. "A strong report, on the heels of a more hawkish tone from the Fed yesterday, has some...
*Visa, MasterCard both rally after results. NEW YORK, Oct 30- U.S. stocks were mostly flat on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, but results at Visa single-handedly put the Dow in solidly higher territory. "A strong report, on the heels of a more hawkish tone from the Fed yesterday, has some investors...
Oct 30- Beauty products maker Elizabeth Arden Inc reported a quarterly loss for the third time in a row as sales of perfumes, its largest business, continued to decline. The U.S. cosmetics maker, which has been struggling with weak sales for the past year, said revenue from its North American business fell 23 percent due to weak demand for celebrity fragrances and...
NEW YORK, Sept 29- Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.
Sept 27- U.S. cleaning products maker Clorox Co said the Venezuelan government's takeover of two of its plants after the company pulled out of the country raised "grave concerns" about the safety of workers and surrounding communities.
CARACAS, Sept 23- Hundreds of workers protested on Tuesday outside the Venezuelan operation of U.S. home cleaning products maker Clorox Co, which is pulling out of the South American nation, state media said.
Sept 22- Home cleaning products maker Clorox Co said it was discontinuing operations in Venezuela as the business was no longer viable and that it was looking to sell its assets there. Venezuela devalued its currency bolivar last year, which forced a number of consumer goods companies such as Colgate-Palmolive Co and Avon Products Inc to slash product prices.
Some of the names on the move ahead of the open.
Aug 25- The S&P 500 broke through the 2,000 mark on Monday, a capstone in a rally that has seen the index nearly triple from its March 9, 2009, closing low of 676.53 points in the wake of the financial crisis. Priceline +1,530.3 Keurig Green +1,506.3. FirstEnergy Corp -10.0 Avon Products -6.8.
Some of Thursday's midday movers:
*Q2 revenue falls 13 pct, but Brazil improves. The cosmetics maker said in June it would cut about 600 jobs, largely in its North America unit, and said it expected restructuring efforts to save about $50- $55 million a year.
While Avon's second-quarter profit and sales both fell short of Wall Street's expectation, analysts' highlighted the fact that the company's sales rose in its largest market, Brazil.
July 31- Avon Products Inc, a direct seller of beauty products, reported a 40 percent fall in quarterly profit as sales were hurt by increased competition in key markets such as Latin America and the United States.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
With earnings season underway, here are the S&P 500 companies over the past four quarters that have performed best and worst, following their earnings.
The new index will be composed of companies with a female chief executive officer or women making up at least one-fourth of the board of directors, Barclays said on Wednesday in a statement. In connection with the launch, Barclays executives will ring the opening bell of the New York Stock Exchange on Thursday.
Some of the names on the move ahead of the open.