Consumer Goods
Cambell is the top performer in packaged food business with $5 above the consensus price of its shares. Companys estimates are believed to raise even more beginning with sales increase of 12%. Cambell is beating its competitors especially in Europe, a region not particularly favorable for US packaged foods. Analyst suggest the company as a good investment opportunity.
Technology
Acquity Group, a digital marketing company could raise its share price by 111% according to analysts. Main reason for the climb is that Accenture company said it was buying Acquity for $13 per share.
Qihoo 360 Technology, a China based provider of internet security is going to report a profit of 7 cents per share and their sales estimates are in the park of $106 million from last years $69 million.
Yahoos share price is supposed to climb today as the company is in acquisition talks with Tumblr. The internet company is believed to offer a sum around $1 billion for the social-blogging site.
Autodesk shares fell drastically making it at the top of losers at the S&P 500 Index declining by 6.7% The software company delivered a disappointing quarterly report.
The chip maker Advanced Micro Devices gained 6.3% making a recovery from Thursdays 13% decline. Same day Golden Sachs downgraded the companys stocks to a sell rating from neutral. Although, AMD had been up more than 80% till Thursdays decline, analyst said numbers dont justify the climb in stock.
Industrials
Goodyear Tire and Rubber Co., auto tire manufacturer gained 6.97%. The aerospace giant Northrop Grumman Corp. rose 4%. The company raised its dividend and added $4 billion to its buyback plan.
Utilities
Refiners were the top of the energy gainers in S&P 500. Tesoro and Valero Energy Corp. raised by 6.98% and 4.01% respectfully. Chesapeake, a natural-gas producer climb 1.9%
Major oil companies Exxon Mobil Corp., ConocoPhillips jumped little more than 1%.