Nearest Support: $72.40
Catalyst: Acquisition Offer >>5 Bargain Stocks to Play the Resurgent U.S. Consumer A big bit of M&A news is coming from Pittsburgh, home to ketchup giant H.J. Heinz ( HNZ). The firm announced today that it would be acquired by a group of investors led by Warren Buffett's Berkshire Hathaway ( BRK.B). The deal gives HNZ shareholders $72.50 in cash, a price that's a 20% premium to yesterday's close. But if you didn't own HNZ last night, don't bother buying it now. As I write, there's a 1-cent risk premium priced into the deal, making the merger arbitrage opportunity completely non-existent for late-to-the-game buyers. This stock isn't likely to deviate from that offer price for the foreseeable future.
Nearest Support: $39
Catalyst: Grupo Modelo Asset Sale >>4 Loser Stocks Poised for a Comeback in 2013 Shareholders of Constellation Brands ( STZ) are winning big today after Anheuser-Busch InBev ( BUD) announced that it would sell rights for Grupo Modelo's U.S. brands to Constellation in order to jump the regulatory hurdles being imposed on BUD's full acquisition of the Latin American brewing giant. The news gives Constellation some of the country's most popular beer brands at a bargain price, a necessary sacrifice BUD had to make to get the bigger piece of the Grupo Modelo's business. The news is sending STZ to new highs today, up more than 36%. Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses. For late-to-the-game buyers, though, I'd recommend sitting on the sidelines until STZ pushes above today's high water mark. A correction might be in order before the weekend.
Nearest Support: $26
Catalyst: Q4 Earnings Miss $47 billion snack foods giant Mondelez International ( MDLZ) isn't getting buoyed by its chocolate exposure this Valentine's Day. Instead, the Kraft ( KRFT) spinoff gapped down more than 3% today after releasing numbers for the last quarter. Clearly, Wall Street isn't liking them. The gap-down puts Mondelez in a less-than-awesome technical position. With shares smack-dab in between resistance at $28 and support at $26, this stock could still move materially before any sort of high probability trading opportunity pops up. For that reason, it's best to wait for MDLZ to establish some kind of price action at this new level before trying to trade this stock. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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