9. General Mills ( GIS) is a global manufacturer and marketer of consumer foods sold through retail stores. The company has manufacturing facilities in 15 countries and a marketing network in more than 100 countries. Net sales grew 2% to $3.65 billion during the December quarter. Gross margin expanded during the quarter. Operating profit grew 10% in the third quarter, led by the company's international business segment. Third-quarter net earnings grew $392 million, up 18%, due to an increase in the mark-to-market commodity positions. Management reaffirms fiscal 2011 guidance of single-digit growth in net sales and earnings per share of $2.46 to $2.48, representing 7%-8% growth from 2010 EPS of $2.30. Analysts see 12% upside for the stock in the next year. The stock is trading at 14.7 times its estimated 2011 earnings.
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $1.72 as of 3:55 p.m. ET, 20.3% above Monday's closing price of $1.43. Volume is at 226,852, 3.3 times the daily average of 68,200.
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $3.02 as of 9:31 a.m. ET, 24.8% above Tuesday's closing price of $2.42. Volume is at 6,626, zero times the daily average of 138,100.