Supervalu UPGRADED and 4 Hot Stocks Moving the Market
SUPERVALU INC. (NYSE:SVU): After Goldman Sachs chimed in with an upgrade from Sell to Neutral, Supervalu (NYSE:SVU) moved 6.1% higher in the pre-market. The firm said that last week’s sell off, in shares, put the stock’s risk-reward profile back in balance. Goldman upgraded SuperValue based on valuation, with a price target at $3. The company’s shares are trading at 1.94% higher today.
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Humana Inc. (NYSE:HUM): Analysts expect Humana to report earnings of $2.28 per share on their revenue of $9.8 billion. A year ago, the insurer earned $2.71 a share on sales of $9.28 billion. The company’s shares are trading at 1.15% lower today.
Gannett Co., Inc. (NYSE:GCI): Reports that their second quarter television revenue is $197.7M and digital revenue is $181.3M. However,Gannet’s second quarter publishing advertising revenue has slipped 8.1% Y/Y to $594M, while broadcast revenue gained 11.4% to $205M. Page views of the company’s mobile news apps are +154% Y/Y. A strong demand for digital marketing services contributed to these results. Shares are +1.4% in the pre-market. They are trading at 2.52% higher today.
Orexigen Therapeutics, Inc. (NASDAQ:OREX): Orexigen coverage resumed with an Outperform from Leerink. Their target was $10. Rexigen moves higher and their resistance is now at $8. Shares of Orexigen Therapeutics, Inc. are trading at 6.37% higher today.
Teucrium Corn Fund (NYSEARCA:CORN): Teucrium Corn Fund (CORN) seeks to replicate their weighted average (net expenses), of the closing settlement prices, for three futures contracts of corn, that are traded on the Chicago Board of Trade (CBOT). This fund is now up to 245. However, their market cap is small at $88 million, so investors run the risk of getting whipped around. A more stable alternative may be Powershares DB Agriculture Fund (DBA) which cover some of the widely traded agricultural commodities, such as corn, wheat, soy beans and sugar. With a market cap of $1.9 billion, DBA is more liquid and rose 10% in the past 4 weeks. Shares of Teucrium Corn Fund are trading at 3.83% higher today.
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