Month: November 2012

ConAgra (CAG) had its numbers increased by Citigroup (C) as the Ralcorp (RAH) transaction should add to the bottom line. A buy rating was issued with a $34 price target.

Valley National Bancorp (VLY) maintained its quarterly dividend of 16.25 cents per share. The dividend will be paid January 2, 2013 to shareholders of record on December 14, 2012.

In trading on Wednesday, textiles shares were relative leaders, up on the day by about 0.2%. Leading the group were shares of Culp (CFI), up about 4% and shares of Pvh (PVH) up about 2.6% on the day.

Republican leaders in the House say they want to work with President Barack Obama to overcome the so-called fiscal cliff, automatic spending cuts and tax hikes. But doing this means tackling the country’s spending problem, they say.

Hillenbrand announced that earnings were higher by 6 percent versus the same period last year to $24.8 million. Revenue was higher by 10 percent to $254 million.

Orders for core capital goods increased by 1.7 percent in October, the best result since a 2.3 percent rise in May, according to the Commerce Department. Total orders for durable goods were unchanged in October at $216.9 billion.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.

Eastman Chemical (EMN) was initiated at Keybanc (KEY) with a buy rating, as the firm believes that there will be steady earnings growth at the company during the next two years. Shares are higher by about six tenths of a percent.

The Daily Ticker’s Aaron Task interviews Wired senior writer Mat Honan

In trading on Tuesday, music & electronics stores shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of Radioshack (RSH), up about 5.1% and shares of Best Buy (BBY) up about 2.4% on the day.