Cabela’s OPENING New Locations and 4 Stocks Zooming to 52-Week Highs
Cabela’s Inc (NYSE:CAB), the Nebraska-based outdoors outfitter, will open two new stores; one in Saginaw, Michigan, and the other in Anchorage, Alaska. The store are expected to open in the spring of 2013, and in the spring of 2014, respectively. Shares closed up 14.48 percent on the day at $44.91, having traded in a 52-week range of $19.12 to $41.61.
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Colgate-Palmolive Company (NYSE:CL) has released the following statement: “Looking ahead, we continue to be sharply focused on our aggressive funding-the-growth programs and our strategic worldwide pricing initiatives. We anticipate that the combined benefits from those programs will help us offset the transaction impact of negative foreign exchange and achieve gross margin expansion in 2012, allowing for even higher levels of advertising support behind a full pipeline of new products planned for launch in the balance of the year. Overall, we continue to expect diluted earnings per share for the year to grow at a double-digit rate, on a currency neutral basis. If average exchange rates in the balance of the year were to remain at current spot rates, currency translation would decrease full year diluted earnings per share growth by approximately 6 to 7 percent.” Shares closed up 4.04 percent on the day at $106.38, and have traded in a 52-week range of $78.62 to $106.06.
Deluxe Corp. (NYSE:DLX) forecasts its fiscal year 2012 revenue between $1.445 billion and $1.475 billion compared to a prior outlook of $1.49 billion to $1.51 billion, with a consensus of $1.46 billion. Shares closed up 4.05 percent on the day at $27.46, having been traded in a 52-week range of $17.50 to $27.41.
Dr Pepper Snapple Group, Inc. (NYSE:DPS) continues to project that its full year reported net sales growth to be near the low end of its long-term range of 3 to 5 percent, and Core earnings per share to be between $2.90 and $2.98. Packaging and ingredient costs are currently forecast to raise the cost of goods sold by 2 percent on a constant volume/mix basis. Additionally, the company expects that its tax rate to will be around 37 percent, and capital spending to be about 4 percent of net sales. Shares closed up 2.03 percent on the day at $44.66, and have traded in a 52-week range of $34.37 to $44.40.
Consolidated Edison (NYSE:ED) reports that its contract dispute with the union is settled, according to Bloomberg. Shares closed up 1.48 percent on the day at $64.42, having traded in a 52-week range of $49.18 to $64.00.
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