Starbucks Leads These Stocks Achieving 52-Week Highs in Today’s Trading
Starbucks Corp. (NASDAQ:SBUX): Starbucks is maintaining its full-year operating margin improvement target of 50-100 basis points over FY11 non-GAAP results on a consolidated basis. CEO Howard Schultz said the company will make an announcement on the “Evolution Fresh” health and wellness store sometime in 1H12. The shares closed at $48.34, up $0.57 or 1.19% on the day. They have traded in a 52-week range of $30.75 to $48.39.
Sherwin-Williams Com (NYSE:SHW): Reports Q4 revenue $2.07B vs. consensus $2.05B. The Q4 EPS included an increase in income tax expense relating to the IRS settlement and asset impairment charges. The shares closed at $98.03, up $1.97 or 2.05% on the day. They have traded in a 52-week range of $69.47 to $97.95.
Mead Johnson Nutriti (NYSE:MJN): Key assumptions underlying non-GAAP guidance include a net sales increase of 7%-9%, excluding the effect of foreign exchange; higher raw material and packaging costs, offset by pricing and continued productivity gains; lower General and Administrative expenses with some savings reinvested to increase investments in demand-generation activities; and an effective tax rate between 27.5%-28.5%. The shares closed at $74.01, up $1.41 or 1.94% on the day. They have traded in a 52-week range of $55.12 to $76.91.
Union Pacific Corp. (NYSE:UNP): Governor Dave Heineman joined Union Pacific Chairman and CEO Jim Young in announcing the company’s planned $1B investment in Nebraska over the next several years as part of its capital investment programs. The $1B will be spent on projects across the state, including the following: Union Pacific is expanding capacity at its North Platte rail yard, the largest railroad classification yard in the world, with a $70M investment for better throughput by adding track and technology upgrades. About 125 trains a day transport goods through Nebraska on Union Pacific’s main line – making it the busiest freight rail transportation corridor in the United States. An investment of approximately $220M in new rail, ties and other work will increase capacity and fluidity on this busy corridor. Between Fremont and Missouri Valley, Union Pacific plans to spend $206M on new crew change buildings, a bridge over the Elkhorn River, new technology and track. This is a multiple-year project to move trains more efficiently and improve service. The shares closed at $113.68, up $0.05 or 0.04% on the day. They have traded in a 52-week range of $77.73 to $114.82.
United Rentals (NYSE:URI): Oppenheimer increased its target on United Rentals after the company reported higher than expected Q4 adjusted EPS. The firm reiterates an Outperform rating. The shares closed at $37.87, up $3.1 or 8.92% on the day. They have traded in a 52-week range of $12.81 to $35.41.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org