5 Super Hot Stocks: Rising Costs Hurt Sysco, Dish Pops 5%, GOOG and DIS Team Up, and Best Buy Scales Back
Shares of Sysco Corp (NYSE:SYY) are trading .65% lower early Monday morning. Increased costs for dairy and meat narrowed margins and sales growth. The company reported a profit of $302.7 million (51 cents per share), compared to $299 million (51 cents per share) last year.
Dish Network (NASDAQ:DISH) is surging more than 5% after reporting a 30% rise in third quarter earnings. The company’s former EchoStar Corp. (NASDAQ:SATS) unit reported a loss due to higher operating costs. Dish has a customer base of nearly 14 million and competes with Netflix (NASDAQ:NFLX), Time Warner (NYSE:TWX), and Apple (NASDAQ:AAPL).
Shares of Google (NASDAQ:GOOG) and Disney (NYSE:DIS) are climbing after the two announced a plan to team up to create new family-oriented web pages on Disney.com and YouTube. The web pages are expected to be launched in 2012.
Force Protection (NASDAQ:FRPT) is surging 30% after General Dynamics (NYSE:GD) agreed to acquire the company for $360 million in cash. Force Protection shareholders will receive $5.52 per share. The deal has already been approved by both boards and should be completed by the end of the year.
Best Buy (NYSE:BBY) is falling nearly 2% at the open after announcing it will buy out its US mobile partner for $1.3 billion, and scrapping plans for a chain of European megastores. The electronic company continues to scale foreign expansion as it focuses on its US business. The company competes with Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).
Investing Insights: Is Europe Warming Up Gold for its Final Act?