Market Currents

• Tuesday, September 22, 2009

• 08:18 AM ConAgra Foods (CAG): FQ1 EPS of $0.38 beats by $0.04. Revenue of $2.96B (-3.1%) vs. $3.09B. Sees full-year EPS of $1.70 vs. consensus of $1.66. Shares +0.7% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: CAG, CCL, FDS, KMX, RAIL Comment!

• Monday, August 31, 2009

• 12:51 PM The WTO rules that Brazil can implement $294.7M in sanctions on American goods to make up for cotton subsidies that benefit companies like Archer Daniels Midland (ADM -1.4%), Bunge (BG -2.1%) and ConAgra (CAG +0.8%). Chinese demand has driven cotton up 27% this year. Comment!

• Thursday, June 25, 2009

• 00:05 AM Notable earnings before Thursday's open: CAG, LEN, MKC Comment!

• Monday, June 15, 2009

• 10:09 AM ConAgra Foods (CAG) is -4% after Citigroup removed shares from its Top Picks list and downgraded to Hold. The story? A big explosion at its only Slim Jim factory last week could prove more challenging for CAG to overcome than markets are pricing in. Comment!

• Thursday, March 26, 2009

• 07:44 AM ConAgra Foods (CAG): FQ3 EPS of $0.40 beats by $0.04. Revenue of $3.1B (+6.1%) in-line. Shares +4.1% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: BBY, CAG, DPS, GME
    Comment!

• Friday, March 13, 2009

• 11:33 AM Jim Cramer releases ConAgra Foods (CAG) from his Sell Block, noting the decline in commodities prices and CAG's generous 4.5% yield. "It's time to start liking ConAgra right now." 1 Comment

• Tuesday, February 17, 2009

• 09:48 AM ConAgra Foods (CAG): Sees 2009 EPS of slightly above $1.50 vs. consensus of $1.46. Shares, -26% over the past year, were recently -0.6% to $16.12. (PR) Comment!

• Wednesday, December 17, 2008

• 10:07 AM ConAgra Foods (CAG): FQ2 EPS of $0.43 beats by $0.06. Revenue of $3.26B vs. $3.16B. Sees full-year EPS of $1.50 vs. $1.43. Shares +8.9%. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: CAG, CMC, GIS, JOYG, MS Comment!

• Monday, October 27, 2008

• 12:21 PM Goodbye power lunch. Hello brown bag. Beneficiaries: KFT, CAG, CPB. Comment!

• Thursday, September 18, 2008

• 07:41 AM ConAgra Foods (CAG): FQ1 EPS of $0.27 beats by $0.03. Revenue of $3.07B vs. $2.83B. [PR] Comment!
• 00:05 AM Notable earnings before Thursday's open: CAG, CCL, FDX, PIR Comment!

• Wednesday, September 3, 2008

• 07:41 AM ConAgra Foods (CAG) downgraded by JPMorgan to Neutral from Overweight. It warned late Tuesday FQ1 EPS of $0.26-0.28 would fall short of expectations ($0.33) -  sending shares down 4.9%. Comment!

• Thursday, June 26, 2008

• 07:41 AM ConAgra (CAG): FQ4 EPS of $0.41 beats by $0.07. Revenue of $3.08B vs. consensus of $3.35B. Sees FQ1 EPS of $0.26-0.28, short of consensus of $0.33. [PR] Comment!