Stocks Get Back in Rally Mode
The U.S. stock market is closed Monday for Presidents Day. So earnings from Coca-Cola ( KO , Fortune 500 ) ahead of the bell Tuesday will be the first to be in focus. The beverage company’s global footprint makes it a good barometer for consumer spending around the world, including emerging markets.
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Stocks close with best weekly gains of the year
per Employee $433,725 02/14/14 Comcast-TWC Deal Opens Door fo… 02/14/14 Paulson & Co. Stands Pat on Go… 02/14/14 Podcast: Breaking Down the Dea… More quote details and news TWC in Your Value Your Change Short position jumped $9.50, or 7%, to $144.81, go here after agreeing to be acquired by Comcast CMCSA +1.39% Comcast Corp.
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Bank Clothiers, which Men’s Wearhouse had been pursuing, announced a deal of its own. Jos. A. Bank said that it was buying the parent company of Eddie Bauer. Weight Watchers plunged $8.48, or 27.7 percent, to $22.10 after reporting a big drop in earnings that was worse than analysts’ had been forecasting.
Stocks have their best week so far this year
But what’s really heating up at Campbell? It’s a lot more solid than soup — ready-made meals, like its Simple Meals division, enjoyed a 7% rise in sales. Plus, Campbell’s fastest-growing food are snack attacks, like its Goldfish and Pepperidge Farm cookies, with a 14% sales jump worldwide. The takeaway is that Campbell has introduced diversity into its lineup — and just like investors enjoy diversifying their assets to minimize risk, the same philosophy is paying off for Campbell.