Stocks to Watch: LXK, HNZ, SAFM & More
Take a look at some of Tuesday's midday movers:
Lexmark moved higher after the company announced it would dump its inkjet business and cut 1,700 jobs as it focuses on its more profitable software and imaging businesses.
Heinz gained ground after the company said it expects to report higher first-quarter earnings, boosted, in part, by growth in emerging markets.
Sanderson Farms rose after posting strong earnings on higher chicken prices. Tyson Foods and Pilgrim’s Pride moved higher as well.
Nike jumped after Stifel Nicolaus said demand for the company’s products in the U.S. grew during the back-to-school shopping season.
Yelp moved lower a day before its 180-day lock up expiration from its IPO debut.
Gilead Sciences gained ground after the FDA approved its once-a-day four-in-one AIDS drug.
Covidien also advanced after the FDA approved its surgical-stapler system.
Monster Beverage lost ground on news New York’s Attorney General issued the company a subpoena concerning its marketing and advertising practices with its energy drinks. PepsiCo and privately held Living Essentials, the maker of 5-hour energy drink, were also issued subpoenas.
Cyberonics moved higher as it continued to move ahead to resurrect its business for selling its pacemaker-like devices to treat severe depression.
Bank of Montreal advanced after it reported a 37-percent jump in quarterly profit. It also raised its dividend for the first time in five years.
—By CNBC's Rich Fisherman.
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