The Woodstock of Capitalism: Health and Succession for Buffett

Omaha, Nebraska might be an unassuming location on a typical day, but not this weekend because Berkshire Hathaway is staging its annual shareholder meeting, a.k.a. the Woodstock of Capitalism.A handful of friends of our show told us that they would be heading for the event today and there won’t be any shortage of questions. On the top of the pile is gotta be Warren Buffett’s health, followed by who he will name as the successor of Berkshire. Buffett said in his annual shareholders letter in February that the board has decided on a candidate to take over the company, but he declined to identify this individual even after his health situation became well known in April.Key holdings of Berkshire include Coca-Cola, IBM, American Express, Bank of America and Wells Fargo. Berkshire posted stellar performance in the majority of the past four decades even though both A and B shares trailed the S&P in 2011.For more news and updates, keep it right here at the Financial News Network. I’m Julia Sun.

Upgrade Alert for Regency Centers (REG)

Regency Centers (NYSE:REG) was upgraded from Market Perform to Outperform at Raymond James today. The stock closed yesterday at $46.82 on volume of 726,000 shares, above average daily volume of 515,000.Regency Centers Corporation is a self-administered and self-managed real estate investment trust that owns and operates grocery anchored neighborhood retail centers. The Company currently owns and operates properties in various states located throughout the United States.Over the past year, Regency Centers has traded in a range of $32.30 to $47.90 and closed yesterday at $46.82, 45% above that low. The 200-day and 50-day moving averages have moved 0.04% lower and 0.54% higher over the past week, respectively.Regency Centers (NYSE:REG) is currently priced 8.2% above its average consensus analyst price target of $43.00. Regency Centers shares have support at the 50-day moving average (MA) of $43.72 and additional support at the 200-day MA of $40.07.SmarTrend recommended that subscribers consider buying shares of Regency Centers on December 30th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.97. Since that recommendation, shares of Regency Centers have risen 23.3%. We continue to monitor REG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Upgrade Alert for Whole Foods Market (WFM)

Whole Foods Market (NASDAQ:WFM) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $90.69 on volume of 7.4 million shares, above average daily volume of 1.4 million.Whole Foods Market (NASDAQ:WFM) is currently priced 2.8% above its average consensus analyst price target of $88.18. The stock should find initial support at its 50-day moving average (MA) of $83.68 and further support at its 200-day MA of $72.39.In the past 52 weeks, Whole Foods Market share prices have been bracketed by a low of $53.32 and a high of $91.06 and closed yesterday at $90.69, 70% above that low price. The 200-day and 50-day moving averages have moved 0.58% higher and 0.47% higher over the past week, respectively.SmarTrend recommended that subscribers consider buying shares of Whole Foods Market on December 2nd, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.79. Since that recommendation, shares of Whole Foods Market have risen 31.8%. We continue to monitor WFM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Western Union Reports Inline Results And Reaffirms Outlook (WU)

4-24-12-Western Union (NYSE:WU) reported adjusted Q1 EPS of $0.40, inline with estimates.Revenues in the quarter rose 9% YoY to $1.39 billion, inline with estimates.The company reaffirmed its outlook of 2012 EPS of $1.70-$1.75, with constant currency revenue up 6%-8%, last given February 7th.Western Union Company offers money transfer services. The Company offers consumer to consumer money transfer and bill paying services, and sells money orders.

Hologic Acquires Gen-Probe For $82.75 Per Share

Hologic (NASDAQ:HOLX) announced its acquisition of Gen-Probe (NASDAQ:GPRO) in a cash deal valued at $82.75 a share, which represents a 20% premium over the company’s Friday close.The company expects the deal to add $0.20 per share to adjusted EPS in its first year after the closing of the deal.Hologic expects to fund the deal through cash, and added term loans.

News Corp.’s Board Backs Murdoch

News Corp.’s (NASDAQ:NWSA) board offered a statement of support for Rupert Murdoch, saying its chairman has the resolve to lead the firm despite the slew of allegations he’s been attacked with by the UK parliamentary panel. The support comes as the firm creates a list of 52 employees involved in illegal phone hacking and gathering of private information.Currently, the media company’s shares are trading over a half a percent lower to $19.74 in the early session.

Daily Dividend Report: AVP, OXY, UPS, CNQ, KMB

On Thursday, Avon Products (AVP) declared its quarterly dividend of 23 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 4.5% going forward.

Analyst Moves: NLY, ROST, RIG

This morning, Citigroup raised its price target on shares of Annaly Capital Management (NLY) to $15 per share following strong first quarter results. With the higher price target, Citigroup increased its EPS estimates and reiterated its hold rating.