Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Dollar General (DG) is bucking the downward trend we’ve seen in the retail sector. The stock was up sharply this morning after the discount retailer delivered a beat on both its top and bottom lines in the first quarter. Revenue jumped 6.5% from year ago as consumer spending at its stores increased and it cut back on advertising costs.
Deere (DE) shares are plowing ahead. The stock is eyeing an all-time high after the US maker of farm equipment announced it is buying Wirtgen, a German road-construction equipment maker for $5.2 billion in cash and debt. The deal will help pave Deere’s expansion globally and in the construction space.
A potential deal in the packaged food industry: Pinnacle Foods (PF) shares soared in early trading after Reuters reported that rival Conagra Brands (CAG) approached the maker of Vlasic Pickles and Duncan Hines cake mixes about a buyout. The food industry has been consolidating over the past few years as consumers look for healthier options.
We are also tracking casino stocks. Wynn Resorts (WYNN), Las Vegas Sands (LVS) and other casino operators (MGM) were higher after gambling revenue in the Chinese territory of Macau jumped 24% in May from a year earlier.
