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DRJ's Blog

June 29, 2012

BUD - Agrees to purchase remaining stake in Groupo Modelo, shares up over 4 percent on Trademonster extended hours platform.

STZ - Remember when we mentioned the upside in Constellation Brands Wednesday? Well they beat EPS forecasts, reaffirmed guidance, oh and that BUD deal also helps (plans to acquire balance 50% interest in Crown Imports LLC). Popping champagne on this one folks (pun intended), shares up nearly 20 percent this am.

ACN - Beat EPS forecasts by 4 cents and despite lowered guidance is up 3.3 percent in the pre.

FINL - Beat EPS forecasts & raised guidance, shares higher by nearly 3 percent.

JPM - Reuters says that loss in CIO office is likely to be between $4 - $6B, not the $9B NYT reported.

KBH - Reported narrower than expected loss on stronger revenues, shares up 6 percent thus far.

SWHC - Beat EPS forecasts by 10 cents on stronger revenues & raised guidance.

 

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