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Halloween candy sales are projected to top $2.3 billion, up 1 percent from last year.
Take a look at some of Thursday midday movers:
U.S. stock index futures signaled a higher open on Thursday, with markets still boosted by raised hopes the Federal Reserve will not start tapering off its asset purchases until next year.
The No. 1 candy producer in the United States said third-quarter net income was $233.0 million, or $1.03 per share, compared with $176.3 million, or 77 cents per share a year earlier. Sales rose 6.1 percent to $1.85 billion, from $1.75 billion in the third quarter of 2012. Analysts were expecting sales of $1.88 billion, according to Thomson Reuters I/B/E/S.
-Hershey Co reported higher quarterly earnings on Thursday because of strong candy sales across the United States. The chocolate company said net income was $233.0 million, or $1.03 per share, compared with $176.3 million, or 77 cents per share, a year earlier. Its sales rose 6.1 percent to $1.85 billion, from $1.75 billion in the third quarter of 2012..
With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.
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The iconic American candymaker is also targeting global markets with new products.
*Cargill, ADM, Barry Callebaut buy more than half the world's cocoa. NEW YORK, Oct 9- This past summer, European authorities took just six weeks to approve Barry Callebaut's $950 million purchase of Petra Foods' cocoa business, a deal that created the world's largest cocoa company with a quarter of the $10 billion market.
Oct 4- Hershey Co, North America's biggest chocolate maker, said it would invest $250 million to build a manufacturing plant in Malaysia, its biggest investment in Asia.
Chocoholics face higher prices for their sweet treats as candy makers deal with higher prices for cocoa butter.
*Butter ratios at highest since 2008 in Asia, Europe, U.S. SINGAPORE/ NEW YORK, Sept 13- Chocoholics may have to dig deeper to pay for their favorite treat this festive season as sweet makers face sky-high prices for cocoa butter, the special ingredient that gives chocolate its melt-in-the-mouth texture.
Google, which is known for nick-naming its mobile operating systems after desserts, has for the first time chosen a brand-name candy for its 4.4 version that's expected to launch this fall.
Apple will hold an event Sept. 10, the company confirmed on Tuesday—potentially starting the clock ticking on the newest version of the iPhone.
Cramer says you might want to rethink a position in some of these stocks.
Stocks have had a run of bad days as investors worry about the effects of Fed tapering, which could start as soon as September. But some experts say the markets have it all wrong.
Although shares of many packaged food companies are hitting all-time highs, there is still room at the table for new investors to join the food stock feast.
July 25- Hershey Co on Thursday reported an 18 percent jump in second-quarter earnings and raised its outlook for the year, boosted by a stronger demand for Reese's, Kit Kat and Ice Breakers candy as well as lower commodity costs. The company said profit rose to $159.5 million, or 70 cents per share, from $135.7 million, or 59 cents per share, a year earlier.
Some of the names on the move ahead of the open.