This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Stocks to Watch: Kraft, Dendreon, Rio Tinto


NEW YORK ( TheStreet) -- Kraft Foods (KFT) plans to split into two: a snacks business and a North American grocery business.

Shares were rising 7.2% to $36.76 during premarket trading Thursday.


Dendreon (DNDN) shares were plunging 62.9% to $13.29 in premarket trading after drug company reported weaker-than-expected Provenge sales in the second quarter and withdrew revenue guidance for the remainder of the year due to reimbursement issues.

Provenge sales in the quarter totaled $49.6 million including a nearly $2 million reserve for chargebacks and rebates, but still fell far below Wall Street's expectations that ranged from $55 million to $60 million.


Shares of Rio Tinto (RIO) were tumbling 7.1% to $62.40 after the mining giant reported first-half underlying profit of $7.8 billion, below the analyst consensus target of $8.03 billion.


Consumer goods company Unilever (UL) saw its stock rise 4.5% to $33.03 in premarket trading after it reported a 10% jump in first-half earnings . The company said it successfully passed higher input costs to customers.


Automaker General Motors (GM - Get Report) reported second-quarter profit of $1.54 a share , above the average analyst estimate of $1.20 a share. Shares were rising 2.7% to $27.90.


Pfizer (PFE - Get Report), which loses patent protection on Lipitor in November, is interested in selling an over-the-counter version of the world's best-selling drug , according to report in The Wall Street Journal report. Shares were slipping 0.6% to $17.92 during the premarket session.


Wholesale retailer Costco (COST - Get Report) topped analysts' expectations with monthly same-store sales growth of 10% . Shares were ticking up 0.3% to $77.08.


Pharmacy retail chain CVS (CVS - Get Report) reported second-quarter earnings of 65 cents a share, beating estimates by a penny.


Alcoholic beverages company Fortune Brands (FO) posted second-quarter profit of 71 cents a share vs. the average analyst estimate of 98 cents a share.


Southwest Airlines (LUV - Get Report) reported second-quarter adjusted earnings of 15 cents a share, below the average analyst estimate of 20 cents a share.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

Related links:


Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DNDN $0.06 -6.02%
COST $145.30 0.00%
CVS $112.94 0.00%
GM $31.91 0.00%
LUV $36.31 0.00%

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs