Cal-Maine Betters Expectations and 3 Hot Stocks Trading Today
Cal-Maine Foods (NASDAQ:CALM), the largest producer and distributor of fresh shell eggs in the United States, announces a first quarter EPS of $0.39 that betters analysts’ expectations by $0.04 on revenues of $272.9 million that beats by $14 million.
Amazon (NASDAQ:AMZN) faces outraged customers after a survey reveals that the book retailer has been selling some e-book titles at prices higher than the same books in hardcover. Considering e-books do not incur costs such as printing, storage or transportation, the pricing difference is certainly questionable, though an analyst remarked that given a publisher’s costs are mostly fixed, there is no particular reason an e-book should cost less than a print version, as per the Daily Mail.
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“The negative perception of Goldman Sachs (NYSE:GS) is far more dour than the reality justifies. The company maintains an abiding leadership position in most of its activities, and is financially sturdier and less burdened by irrational competition than it was a half-decade ago.” So says Barron’s over the weekend, conjecturing that GS could put on 25 percent within a year. GS is higher in trading before the bell.
Leggett & Platt (NYSE:LEG), manufacturer of engineered products and components for homes and commercial places, has landed an order to supply fixtures and displays for J.C. Penney’s (NYSE:JCP) store redesign. Though LEG is obviously happy, shareholders of JCP may not be, considering the stock has lost 40 percent since the store rejig was announced.