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Diamond Foods (DMND) logoDiamond Foods (DMND) acquired the Pringle brand product from Proctor & Gamble (PG) for $2.35 billion, as reported in Dealbook.

When we think of Diamond Foods we think of nuts, edible nuts. Diamond’s two main brands are Diamond and Emerald. It produces all kinds of nut products for cooking and eating. Among them are almonds, Brazil nuts, hazelnuts, pecans, pine nuts and peanuts. The product line also includes microwave popcorn and potato chips.

Continue reading What Will Pringles Do for Diamond Foods?

What Will Pringles Do for Diamond Foods? originally appeared on BloggingStocks on Wed, 06 Apr 2011 11:20:00 EST. Please see our terms for use of feeds.

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Best Buy (BBY) logoBest Buy (BBY) is scheduled to unveil its fourth-quarter results Thursday morning, with analysts anticipating a profit of $1.85 per share — little changed from the big box retailer’s year-ago earnings of $1.82 per share. Best Buy has been hot-and-cold on the earnings front; during the past four quarters, the company has topped consensus bottom-line estimates twice, and fallen short on two other occasions.

Ahead of the quarterly report, one options player built a bullishly biased spread on BBY. Right after the opening bell Wednesday morning, the trader purchased 358 April 32 calls, and simultaneously sold 716 April 35 calls. In other words, two April 35 calls were sold for every one purchased April 32 call. This strategy is known as a ratio call spread, and it’s typically used by traders who are bullish on the underlying equity — but with a very specific upside target in mind.

Continue reading Best Buy Singled Out for a Ratio Call Spread Ahead of Earnings

Best Buy Singled Out for a Ratio Call Spread Ahead of Earnings originally appeared on BloggingStocks on Wed, 23 Mar 2011 19:20:00 EST. Please see our terms for use of feeds.

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JVL logoJabil Circuit (JBL) shares are rising today after the company reported earnings last night, posting a fiscal-Q2 profit of $55.4 million, or 25 cents per share. Excluding one-time items, JBL earned 54 cents per share on revenue of $3.9 billion. Analysts had forecast a profit of 51 cents per share on revenue of $3.91 billion. JBL also forecast Q3 earnings of 55 to 59 cents per share on revenue of $4.1 to $4.2 billion. Analysts are looking for a profit of 54 cents per share on revenue of $4.04 billion. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on JBL.

JBL opened this morning at $20.42. So far today the stock has hit a low of $20.10 and a high of $21.30. As of 12:30, JBL is trading at $21.00 up 2.07 (10.9%). The chart for JBL looks neutral and S&P gives JBL a neutral 3 STARS (out of 5) hold ranking.

Continue reading Jabil Circuit Reports Strong Q2 Earnings & Q3 Forecast

Jabil Circuit Reports Strong Q2 Earnings & Q3 Forecast originally appeared on BloggingStocks on Wed, 23 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

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U.S. stock futures are higher Tuesday morning as investors await earnings reports. Futures for the Dow Jones Industrial Average gained 24 points to 11,987, while futures for the S&P 500 index climbed 2 points to 1,295.10. Futures for the Nasdaq 100 index gained 4.75 points to 2,259.25.

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average gaining 1.50% to 12,037, the S&P 500 index rising 1.5% to 1,298 and the Nasdaq 100 index climbing 1.83% to 2,692.

Continue reading U.S. Futures Up as Investors Await Earnings Reports

U.S. Futures Up as Investors Await Earnings Reports originally appeared on BloggingStocks on Tue, 22 Mar 2011 08:00:00 EST. Please see our terms for use of feeds.

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