P&G SHAVES Profit Outlook and 4 Hot Stocks to Watch
The Procter & Gamble Company (NYSE:PG): After the company reduces its profit outlook, Procter & Gamble shares have fallen 1.85%. CEO Bob McDonald claims that the company will not decrease spending on R&D and advertising nor will it exit emerging markets as a result of the slowdown. Organic sales are anticipated to increase 2%-4%, and based on spot rates in early June, foreign exchange will show a negative impact of about 4% to fiscal 2013’s EPS growth. Shares of The Procter & Gamble Company are trading 3.36% lower today.
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Gevo, Inc. (NASDAQ:GEVO) shares are boosted following a Delaware District Court’s denial of a requst by Butamax Advanced Biofuels for a preliminary injunction against Gevo due to IP violation claims. The injunction allows Gevo to “sell in any market, to any customer, in any region,” and it replaced a former court order. Shares of Gevo, Inc. are trading 27.20% higher today.
WSI Industries, Inc. (NASDAQ:WSCI) reported sales of $9,483,000 for its fiscal 2012 Q3. This is a 45% increase over the $6,532,000 earned during the prior year’s quarter. The year-to-date sales for the nine months, which ended May 27, 2012, increased 27% from last year’s $17,742,000 to $22,491,000. Shares of WSI Industries, Inc. are trading 26.79% higher today.
AspenBio Pharma, Inc. (NASDAQ:APPY) plans to sell 6.1M common shares for $2 per share, which as a 36% discount compared to Tuesday’s closing price. The company intends to put net proceeds toward general corporate purposes, which includes a clinical trail for AppyScore, which is designed to assist physicians in managing emergency room patients believed to be suffering from acute appendicitis. Shares of AspenBio Pharma, Inc. are trading 37.83% lower today.
Jabil Circuit, Inc. (NYSE:JBL) possesses good margin guidance and seems to be expanding its competitive advantage over peers. The firm reiterates its Buy rating on the stock.
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