ConAgra Reports Lower Profit on Acquisition Charges
ConAgra says its third-quarter profit fell shy of expectations on charges related to its acquisition of Ralcorp and lackluster growth in sales of its existing brands.
ConAgra says its third-quarter profit fell shy of expectations on charges related to its acquisition of Ralcorp and lackluster growth in sales of its existing brands.
Investors yanked money out of stocks Thursday after new reports from the U.S. and China pointed to a sharp slowdown in manufacturing. Losses in energy and materials companies led a widespread rout on the stock market.
Oracle, Discover and Tiffany are all expected to report year-over-year growth for their most recent quarters this week. Meanwhile, many will be looking for an updated snapshot of the housing market, with three sets of real-estate data coming out.
Wall Street's consensus sees the S&P 500 tacking on an 11% gain over the next 12 months -- with lots of ups and downs along the way. That has us inclined to play defense, with an eye toward bargain stocks paying generous, sustainable dividends. Here are our top 11 picks for 2011.
Apart from perhaps pawnbrokers and repo men, no one much likes a recession, but it hasn't been all bad for packaged-food companies. Take ConAgra, which served up one of Wall Street's most savory meals this week: a beat-and-raise quarter.







