Smucker and American Airlines shares advance on solid forecasts
JM Smucker Co climbs to 143.23 after reporting strong coffee and pet food sales and a solid yearly outlook. American Airlines Group rises to 33.40 as oil prices ease, aiding potential lower fuel costs.
MENTIONED IN THIS ARTICLE
JM. Smucker Co
American Airlines Group Inc
U.S. household net worth rises in Q1 on higher home values
The Federal Reserve reports a 1 percent rise in U S household net worth to 88 1 trillion in the first quarter as home values surge by 498 billion while stock and mutual fund portfolios dip 160 billion Savings in CDs and other deposits also increase. Weekly unemployment claims fall 4000 to 264 000 signaling durable labor market resilience with the four week average down to 269 500 and a 66 week run under 300 000.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Washingtonfewer
Labor Department
Real estate pawn shop magnate buys Gastonia building
National Jewelry & Pawn president Bob Moulton bought the 2344 E Franklin Blvd property for about 800000 via TTM Properties. The site houses Beach Tanning Center and Wet Pets, with two tenants remaining as owner Mike Riddle consolidates Beach Tanning. Nearby development includes Noodles & Co and a Hilton Garden Inn, signaling strong Gastonia corridor growth.
MENTIONED IN THIS ARTICLE
Gaston Mall
Bob Moulton
National Jewelry & Pawn
Gastonia
Moulton
Franklin Boulevard
Mike Riddle
Riddle’s
Riddle
Huntsmoor Drive
New Hope Road
Noodles & Co
E. Franklin Blvd
Cox Road
Bob Clay
Coldwell Banker Commercial Meca
Clay
Crude Oil Ends Lower Amid Market Pushback
Oil prices slipped to 50.56 a barrel as crude faced selling pressure, while a 30 year Treasury bond yield stood at 2.48 percent, easing slightly. The day saw renewed concern over demand and energy supply dynamics impacting futures and fixed income markets.
Intel Eyes Cloud Shift Amid PC Slump
Intel stock recovers slightly as the company slows its PC dependence and expands data center chips to power cloud computing. CEO Brian Krzanich reshuffles leadership, cuts 12,000 jobs, and pursues processors for internet connected devices, flash memory, and programmable chips while analysts split on the stock.
MENTIONED IN THIS ARTICLE
Intel
Haif
Prian Krzanich
FactSet
Credit Suisse
Jonn Pitzer
Smucker Shares Jump on 25 Percent Revenue Rise
J M Smucker reported a 25 percent revenue increase and swung to a profit of 1.81 billion in the latest quarter. Gains in coffee and a new pet food brand helped earnings rise to 1.61 per share after non recurring items. Shares rose about 8 percent from a year earlier amid market forecasts beating.
MENTIONED IN THIS ARTICLE
J.M. Smucker
Zacks
Smucker
Local Stock Dividend Footnotes Clarified
Footnote notes summarize extra and liquidating dividends paid in the last year and year to date. They outline changes to the current annual rate after the most recent dividend, include totals of dividends since stock splits, and indicate whether yield or P E ratios are shown.
MENTIONED IN THIS ARTICLE
Q Stock
Also Mentioned on This Page
S&p
Commodities Review
the Associated Press
Bow
Wade Tyler
Millward
Gastongazette. Com
Steve Jones
Wet Pets
Gaston Gazette
Wet Petson
I Data Center
SJM
Corp
Dananer Corp OE
Dillards Inc
OLTR
Donneley & Sons Aro
DUK
FMC Corp Fmc
Home Depot
Intel Corp
Krispy Kreme
Martin Marietta
PNC Financial
Park Sterling
Piedmont Natural Gas Pny
Pulte Homes
Sears Holdings
Snyder-Lance Inc Southern Company
Spectra Energy
Suntrust Banks
Tampa Electric
Texas Roadhouse
Time Warner Inc
Wal Mart
Wells Fargo