Wachovia Continues Slide
Hershey Heats Up
First Bud, now Hershey. It seems America’s favorite chocolate maker, Hershey (HSY, $38.84, down $1.09), is the latest company joining the rounds as possible takeover targets. On Tuesday, Hershey’s stock gained nearly 10% on speculation the company may be considering a joint venture to help lift slumping sales. The shortRead more
Kaydon Hits Blue-Skies
Kaydon Corporation (KDN, $60.47, up $1.36) is doing well today and is in “blue-sky territory.” If you are unfamiliar with the term “blue-sky territory” it is something I say when a stock breaks above all previous resistance points and is at new all-time highs. I’ve been talking about “Wind Power”Read more
Black Box Recovers
Last Friday Black Box (BBOX, $29.31, up $1.30) fell nearly 15% after reporting earnings. Yesterday, the stock recovered about 5% of that loss but will it be short lived? The company’s numbers were decent but were below what one analyst had penciled in. In other words, although Black Box saidRead more
Chipotle Mexican Grill Update
Ford/ General Motors Not Seeing Green
Sector Watch: Shipping Stocks
Shipping stocks went the way of the market capping a two day sell-off as traders were nervous holding positions ahead of a holiday weekend. The Baltic Dry Index, which measures dry bulk shipping rates, had hit record highs earlier in the week. The index trades on the London exchange andRead more
Market Recap
This Bud's For…InBev?
There are reports out that Belgian brewer InBev is interested in making a bid for Anheuser-Busch (BUD, $56.13, up $3.55). The offer could be in the range of $46-$50 billion. Of course, AB said it was their “policy to not confirm, deny or speculate on rumors of potential investments, acquisitions,Read more