StockCall.com Provides Stock Research on Kellogg Co., Hillshire Brands Co., McCormick & Co. Inc., and Diamond Foods Inc.
New York City, New York -- (May 17, 2013)
Japanese policymakers have implemented aggressive monetary easing measures this year to boost economic growth in the world’s third-largest economy. Japan’s first quarter GDP growth, which beat forecasts, suggests that the policy measures are having a significant impact. Consumer spending in Japan picked up, which is a good sign for processed & packaged goods companies as they experienced a slowdown in demand from developed world in recent years. Consumer spending in the U.S. is also expected to improve as the labor market continues to recover. China’s first quarter GDP data showed that consumer spending picked up which is an encouraging development for consumer goods companies. Shares of consumer goods companies struggled on Thursday as the broad market slipped following the release of some disappointing economic data. Among the major movers were Kellogg Company (NYSE: K), Hillshire Brands Co. (NYSE: HSH), McCormick & Company Incorporated (NYSE: MKC), and Diamond Foods Inc. (NASDAQ: DMND). StockCall free coverage on K, HSH, MKC, and DMND is available upon registration at
Shares of Kellogg Company edged lower on Thursday; however, the losses were limited. The stock ended the day 0.12% lower at $65.82 on volume of 1.54 million after trading between $65.66 and $66.48. Despite the pullback, Kellogg’s shares have gained more than 2.10% in the last three trading sessions. The stock is currently hovering around its 52-week high of $66.84. Shares of K are currently facing stiff resistance at around $67. Download the free technical research on K by signing up at
Shares of Hillshire Brands Co. edged higher in trading yesterday, touching a 52-week high of $37.28. The stock closed 0.33% higher at $36.77 on above average volume of 1.37 million, taking its gains in the last three sessions to over 2.80%. Hillshire Brands’ shares recently crossed above $36 resistance level which is a bullish signal. The positive trend is further confirmed by recent volume activity, and the stock’s MACD chart. Year-to-date, the company’s shares have gained more than 31.10% as compared to a gain of more than 15.70% in the S&P 500. Register now and get access to the free analysis on HSH at
www.StockCall.com/HSH051713.pdf
McCormick & Company Inc.’s shares touched a 52-week high of $74.99 in trading on Thursday. However, the stock failed to hold on to its gains, and ended marginally lower. The company’s shares closed 0.33% lower at $74.51 on volume of 463,700. Shares of MKC are currently trading well above their 50-day and 200-day moving averages which is a bullish signal. The stock’s MACD is currently trading above the signal line and the zero-line which further confirms the positive trend. Sign up and read the complimentary report on MKC at
www.StockCall.com/MKC051713.pdf
Shares of Diamond Foods Inc. rose sharply in Thursday’s trading session. The stock ended the day 2.61% higher at $16.54 on volume of 227,700, taking its gains in the last three sessions to nearly 8.20%.Year-to-date, shares of DMND have now gained nearly 21%, easily outperforming the S&P 500. Despite the gains, the stock is still trading more than 33.30% below its 52-week high. The stock recently crossed above its 50-day and 200-day moving averages which is a positive signal. The free report on DMND can be downloaded by signing up now at
www.StockCall.com/DMND051713.pdf
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