7 Super Hot Stocks: CVS Raises Dividend 30%, Jefferies Surges 7% and Netflix Inks Deal
CVS Caremark Corp. (NYSE:CVS) shares are jumping almost 4 percent after announcing it would boost its dividend by 30 percent. Shares of consumer drugstore Walgreen Co. (NYSE:WAG) are also trading higher.
Shares of General Mills Inc. (NYSE:GIS) are down 2.2 percent after reporting fiscal second-quarter earnings. Net income dropped 28 percent to $444.8 million (67 cnets per share). Consumer food company Kraft Foods Inc. (NYSE:KFT) is trading slightly higher on the news.
ConAgra Foods Inc. (NYSE:CAG) is trading 2.3 percent higher in early trading. Net income for the processed and packaged goods company fell to $171.8 million (41 cents per share), compared to $200.9 million (46 cents per share) a year earlier. This is a decline of 15% from the year earlier quarter.
Despite falling profits, Jefferies & Co. (NYSE:JEF) is surging 7 percent Tuesday morning. The company said its fourth quarter profit declined to $48.4 million (21 cents per share), compared to $62.7 million (31 cents per share) last year.
Investing Insights: Jefferies Group Inc. Earnings Cheat Sheet: Revenues Fall, Bringing Down Profit.
Immunogen Inc. (NASDAQ:IMGN) is jumping 5.3 percent after making a deal with Eli Lilly & Co. (NYSE:LLY). In a $220 million license agreement, ImmunoGen will receive an initial payment of $20 million. Each license entitles the company to receive payments potentially totaling $200 million.
Electronic Arts Inc. (EA) decided to change its ticker symbol. Starting today, the company will trade under ticker EA, instead of ERTS. Shares are trading .88 percent higher Tuesday Morning. Other video game makers such as Activision Blizzard, Inc. (NASDAQ:ATVI) and Take-Two Interactive Software Inc. (NASDAQ:TTWO) are also trading higher.
Netflix Inc. (NASDAQ:NFLX) is trading more than 3 percent higher after completing a deal with the BBC to include its shows in Netflix’s online streaming service for the U.K. and Ireland.
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