10 Popping Stocks: Yum! Jumps 2.2%, GlaxoSmithkline Falls 2% and Wal-Mart Goes Healthy
Coca-Cola Co. (NYSE:KO) shares increased .40 percent after reporting fourth quarter profits. Net earnings declined due to last year’s one-time gains related to its bottling transaction with Coca-Cola Enterprises Inc. (NYSE:CCE). However, total sales increased 5 percent.
Shares of GlaxoSmithkline PLC (NYSE:GSK) fell more than 2 percent early Tuesday. The company reported a fourth quarter profit of $1.64 billion. The vaccines segment also declined 18 percent. Shares of Pfizer Inc. (NYSE:PFE) and Bristol-Myers Squibb Co. (NYSE:BMY) also declined this morning.
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Shares of Yum! Brands Inc. (NYSE:YUM) jumped 2.2 percent in early trading. The food company reported earnings of $356 million (75 cents per share) for the fourth quarter. Analysts were expecting earnings of 74 cents per share. Shares of McDonald’s Corp. (NYSE:MCD) also climbed higher.
Toyota Motor Corp. (NYSE:TM) shares gained 2.5 percent this morning. The car-maker reported a lower third quarter profit, but raised its forecast for fiscal 2012 profit by 11 percent to $2.6 billion. Shares of Ford (NYSE:F) and General Motors (NYSE:GM) declined.
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In an effort to promote healthy products, Wal-Mart (NYSE:WMT) is reducing the fat, sugar and sodium in some of its private-label foods. The products that qualify under the new healthy plan will receive a “Great for You” label.
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