H-P a DRAG on the Dow and 4 Hot Stocks in Demand
The Hain Celestial Group, Inc. (NASDAQ:HAIN) stated that its U.K. subsidiary has agreed upon a deal for the acquisition from Premier Foods PLC, its packaged grocery brands and a manufacturing facility. The deal covers such products as peanut butter, honey, jams, fruit and jelly, marmalade and chocolate, states Mellville, N.Y.-based Hain. Terms require the payment of 170 million pounds in cash along with shares of Hain Celestial common stock which has a value of 30 million pounds. Shares of The Hain Celestial Group, Inc. are trading 17.96% higher today.
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Guess?, Inc.’s (NYSE:GES) fiscal Q2 income dropped 29 percent as continued European weakness coupled with lower sales in North America overshadowed significant growth in the apparel maker’s Asian market. Shares fell 17 percent to $27.80 premarket following the company’s prediction of a weak Q3 and again lowered its full-year guidance. Shares of Guess?, Inc. are trading 22.26% lower today.
Helmerich & Payne, Inc. (NYSE:HP) EPS forecasts has been lowered by Jefferies Group analysts in a research note that was issued to investors on Thursday. Currently, the firm has a hold rating and a $17.00 target price on the stock. Shares of Helmerich & Payne, Inc. are trading 2.24% lower today.
Hewlett-Packard Company (NYSE:HPQ), or HP, announced that the U.S. Air Force, or USAF, has chosen HP to deliver business PCs and workstations as part of its enterprise IT purchase program. The award, which is part of the USAF CCS, or Client, Computing and Servers, Quantum Enterprise Buy, or QEB, should add to the 1 million units of HP products the USAF has deployed throughout the U.S., Europe and Asia Pacific in the past seven years. In compliance with USAF requirements, HP is to include customized agency configurations that meet strict standards and tests for memory, audio, video and other specifications. Through the QEBs, the USAF has procured more PCs and workstations from HP than from any vendor or manufacturer. Shares of Hewlett-Packard Company are trading 8.05% lower today.
Kayak Software Corp (NASDAQ:KYAK): After the market closed on Wednesday, the company reported Q2 2012 earnings slightly beating estimated results. It is important to note that this was the first earnings report since going public back on July 20. Shares of Kayak Software Corp are trading 2.89% lower today.
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