Campbell Soup to Sell to Russian Markets via by Coca-Cola Hellenic

Campbell Soup ( CPB) and Coca-Cola Hellenic Bottling ( CCH) have entered into a long-term deal to distribute Campbell's soups in Russia. Campbell's will be responsible for consumer and market research, branding, marketing, product development and production, while Coca-Cola Hellenic Bottling will handle the distribution, sales and in-store marketing of the soup products.

Campbell Soup said that the deal represents a "significant growth opportunity" in the Russian markets. Coca Cola HBC is already distributing Campbell's Home Classics soup line in the Moscow area. The financial details of the agreement were not disclosed. Campbell Soup shares rose 43 cents or 1.6% in morning trading Tuesday, while Coca-Cola Hellenic shares rose 12 cents, or +0.6%.

We had removed shares of Campbell's from our "recommended" list back on Oct. 8 when the stock was trading at $38.67. The company has a 3.66% dividend yield based on Friday's closing stock price of $27.35. The stock has technical support at the $25 to $26 level. If that fails to hold, we could potentially test the $21 level. If the stock can rebound, we see overhead resistance around the $34 to $36 price area. We would remain on the sidelines for now; the stock has a Dividend.com DARS Rating of 3.3 out of 5 stars. Coca-Cola Hellenic is not recommended either, Dividend.com DARS Rating of 3.2 out of 5 stars.

Monster Worldwide Downgraded by Wachovia

Online employment giant Monster Worldwide ( MWW) was downgraded by Wachovia Capital Markets analysts Tuesday, citing slowness in recruitment advertising and pricing pressure from other job-hunting services. Wachovia downgraded Monster to "underperform" from a previous rating of "market perform," and said that it doesn't expect a recovery in job recruitment ad spending until 2011.

Wachovia analysts also said it expects more cost cuts in the job hunting industry, which could cause further price pressures on services like Monster's. Monster shares fell 25 cents or 2% in morning trading Tuesday.

Shares of Monster are nearly 50% off 52-week highs of $24 a share. The stock has technical support in the $8 to $9 price area. If the stock can rebound off of today's downgrade, we see overhead resistance around the $12 to $15 price levels. We do not currently rate this non-dividend paying at this time, but we do follow the company closely.

First Solar Downgraded by Friedman Billings Ramsey

Solar-energy company First Solar ( FSLR) was downgraded this morning by investment firm Friedman Billings Ramsey ( FBR) to "underperform" from a previous rating of "neutral." The investment firm cited stronger demand for less-expensive solar devices. FBR maintained price target of $110 for the stock. First Solar shares fell $8.28 or 4.4%, in morning trading Tuesday.

Shares of First Solar are off of 52-week highs of $290 a share. The stock has technical support in the $162 to $177 price area. If the shares can rebound off of today's downgrade, we see overhead resistance around the $200 to $202 price levels. We do not currently rate this non-dividend paying stock, but we do follow the company closely as it is a momentum trader's favorite.

Apple's Price Target Raised to $180 by Morgan Stanley

Morgan Stanley ( MS) analyst Kathryn Huberty has raised her rating on Apple ( AAPL) to overweight from equal weight and raised her price target for the stock to $180, from $105. Huberty said that strong iPhone sales and higher mobile market share should add strength to the stock.

" The iPhone is feeding earnings growth that the market is missing," said Huberty in a research note, noting that she believes Apple is becoming "the clear leader in the battle over the mobile Internet."

Huberty said that the expected price cut coming in the fall for Apple's iPhone should spur demand for the unit, which has quickly grown from an expensive, niche-based mobile device to a clear leader in the mobile phone industry. Apple shares rose $4.58 or 3.7% in Tuesday morning trading following the upgrade.

Shares of Apple are off the 52-week high levels of $190 per share. The stock has technical support in the $111 to $120 price area. If the shares can build on today's upgrade, we see overhead resistance around the $132 to $140 price levels. We do not currently rate this non-dividend paying stock, but we do follow it very closely.

Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system.
At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.

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