Market Currents

• Monday, November 16, 2009

• 11:23 AM Kellogg (K) joins companies selling long-term debt to pay off near-term obligations, selling $500M in 10-year debt today in order to finance a tender offer of notes coming due in 2011. Comment!

• Thursday, October 29, 2009

• 08:19 AM Kellogg Company (K): Q3 EPS of $0.94 beats by $0.10. Revenue of $3.28B (-0.3%) in-line. "The current economic environment has placed significant pressure on our consumers." (PR) Comment!
• 00:05 AM Notable pre-market earnings: ABX, AEP, AET, AGN, AN, APA, AVP, AYE, AZN, BC, BCRX, BKC, BPO, CL, CLI, CME, CMS, COCO, COT, DLR, EK, EXPE, FNFG, GTI, K, KBR, MCO, MOT, MPS, MWW, MYL, NBL, NEM, NRG, ODP, OMX, PCG, PDE, PG, PPL, PTEN, RDS.A, S, SII, TSM, VTR, WMB, XEL, XOM Comment!

• Sunday, August 2, 2009

• 11:54 AM Barron's reports Janney Montgomery downgraded Kellogg (K) to Neutral from Buy. Though Kellogg is "the strongest-run company in the industry," near-term upside appears to be limited. Comment!

• Thursday, July 30, 2009

• 08:44 AM Kellogg Company (K): Q2 EPS of $0.92 beats by $0.09. Revenue of $3.2B (-3%) vs. $3.3B. Shares +2% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ABX, ADP, ALU, AOC, APA, ARTG, AVP, AVY, AZN, BC, BCRX, BDX, BEN, CI, CINF, CL, CLI, CMI, CMS, CNX, COL, COV, CVC, DLR, DOW, EK, ENDP, EXPE, FAF, GT, GTI, HP, INCY, IP, IRM, K, KBR, KIM, KSU, LVLT, MA, MOT, MYL, NBL, NRG, NWL, NYX, OCR, OMX, OSK, PCZ, PH, PTEN, RDS.A, RGC, RYN, SBH, SNE, SPR, TEN, TRV, TSM, TYC, VTR, WMI, WYNN, XEL, XOM Comment!

• Thursday, April 30, 2009

• 08:08 AM Kellogg (K): Q1 EPS of $0.89 beats by $0.10. Revenue of $3.2B (-2.7%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: APA, ASH, AZN, BC, BWA, CAH, CELG, CI, CINF, CL, CLI, CMCSA, CMS, COCO, COV, CTL, D, DLR, DOW, EK, ENTG, EQT, ERIC, EXPE, FAF, GTI, HOT, HP, IP, IRM, K, KBR, KIM, KSU, LKQX, LNT, MRO, MOT, MYL, NBL, NEM, NRG, NWL, NYX, OC, OCR, OMX, OSK, PDE, PEI, PG, PTEN, RGC, RYN, SEPR, SPR, SWY, TRV, TSM, TYC, VIA.B, WMB, WPI, XEL, XOM Comment!

• Monday, April 20, 2009

• 15:58 PM FTC tells Kellogg (K) to pull ads claiming Frosted Mini-Wheats improve attentiveness by nearly 20% - because the study showed only an 11% boost in alertness compared to kids who skipped breakfast. Maybe Kellogg's copy-writer was working on an empty stomach? K -1.3%. 2 Comments

• Tuesday, April 14, 2009

• 13:49 PM Companies are so worried about sinking the boat that they may be missing it, James Surowiecki says in a great article that contrasts Kellog's (K) growth during the Great Depression to Post's (GIS). "You'd think that everyone would want to emulate Kellogg's success, but, when hard times hit, most companies end up behaving more like Post." 1 Comment

• Monday, February 9, 2009

• 12:42 PM A week after Kellogg (K -1.2%) decided to make a statement about Michael Phelps' extra-curricular activities, the company is facing more heat than it expected. 1 Comment

• Thursday, February 5, 2009

• 08:24 AM Kellogg (K): Q4 EPS of $0.53 beats by $0.03. Revenue of $2.93B (+5%) vs. $3.05B. Peanut-related recall will cost it $0.06/share. Shares +1.2% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ANR, BG, BKC, BPO, CAH, CBB, CI, CINF, DO, DUK, EL, ELNK, FLIR, FLO, K, KIM, MA, MCO, MF, NCR, RX, SBH, SE, SPR, UFS, WU Comment!

• Thursday, October 30, 2008

• 10:56 AM Supermarkets are starting to push back against rising food prices, using profit increases at food companies like Kraft (KFT) and Kellogg (K) as leverage to reject price hikes. Comment!

• Wednesday, October 29, 2008

• 08:15 AM Kellogg (K): Q3 EPS of $0.90 beats by $0.10. Revenue of $3.29B (+9.5%) in-line. Shares -0.9%. "We remain confident in our ability to deliver another year of sustainable and dependable performance despite the uncertain economic environment and unpredictable foreign exchange markets." (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AET, AG, AGN, ALO, ANR, BPO, BWA, CINF, CMCSA, GLW, GRMN, GW, HERO, HES, IMA, IVZ, JNY, K, KEM, KFT, LAZ, LM, MCO, MGM, MWV, NBL, NEM, NXY, NYB, OC, ODP, PG, PX, Q, SEE, SHPGY, SLAB, SNE, SPR, SPW, SU, TSO, VPHM, WEC, WPI Comment!