Tickers featured: DF, EAT, HCC, LUV, SUG, SYY
, THC, WMI.
Additionally, SYSCO (SYY
) advanced over 6% after reporting quarterly results.Among the notable losers was Scotts Miracle-Gro (SMG), which slipped about 3% after Monsanto was ordered to pay $289M by a California court, who found it liable in a lawsuit alleging that the company's Roundup caused cancer.
) has acquired Louisiana, US-based broadline distributor Doerle Food Services, the company said.
With regards to specific names, we continue to prefer defensive sectors such as foods (BUD, DLM, HNZ, MO, PEP and SYY
), financial services (BK, C, JPM, SNV and WSBC) and broad infrastructure suppliers (GE, HAL and UPS).
) downgraded to Sell from Hold at Pivotal Research with analyst Ajay Jain saying he believes the move up in the stock over the past three months is inconsistent with growing industry headwinds as well as Sysco's company-specific issues.
29 January 2018 - The UK Competition and Markets Authority is considering whether it is or may be the case that Texas, US-based food service company Sysco Corp.'s (NYSE: SYY
) planned acquisition of UK-based foodservice distributor Kent Frozen Foods may, if completed, result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services, the company said.
$22.34 $16.43 $19.63 KMP 34.44% Kinder Morgan $31.85 $37.35 $23.69 SYY
33.94% Sysco $30.98 $24.13 $23.13 BUD 31.66% Anheiser-Busch $53.98 $41.00 $43.38 MO 28.92% Philip Morris $40.34 $50.01 $31.29 ED 25.50% Con Ed $41.10 $40.58 $32.75 HSY 25.32% Hershey Foods $62.90 $61.25 $50.19 UPS 24.31% United Parcel $63.11 $50.77 $55.13 JNJ 23.22% Johnson & Johnson $59.80 $57.77 $48.53 WMT 21.98% Wal-Mart $56.11 $52.22 $46.00 TPP 18.13% Teppco $29.39 $33.75 $24.88 HDI 13.69% Harley Davidson $53.72 $47.51 $47.25 EQR 5.06% Equity Residential $23.77 $27.68 $22.63 MSFT 4.06% Microsoft $52.49 $56.03 $50.44 DD 2.62% DuPont, E.I.
) announced that the company has signed a ten-year renewable energy agreement with a subsidiary of NRG Energy (NRG).
) has agreed to acquire UK-based foodservice distributor Kent Frozen Foods to explore complementary strengths and expand European business, the company said.
Tickers featured: ABI, ADM, BUD, DELL, ECL, GS, GTW, HET, HPQ, IBM, LORLY, MMM, MSFT, SWK, SYY
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) and US Foods (USFD) claimed in separate suits that the big chicken processors engaged in a years-long conspiracy to limit poultry supplies, which increasing prices by manipulating a pricing benchmark, the report says.
) has acquired the remaining 50% of Costa Rican food distributor Mayca Distribuidores in a cash transaction for an undisclosed price, the company said.