Top gainers last week
Campbell Soup Company rose 4.0% last week after a New York Post report mentioned that Kraft Heinz Company (KHC) would be interested in buying Campbell Soup if the company is up for sale. Kraft Heinz stock rose 2.6% last week.
The Kroger Company (KR) announced its fiscal Q1 2018 results on June 21 before the market opened. Its revenue grew by 3.4% YoY to $37.5 billion from $36.2 billion, and its EPS also rose ~26% to $0.73 from $0.58. Revenue surpassed estimates by 0.60%, and EPS exceeded estimates by 15.8%. The stock rose ~15% last week.
Darden Restaurants (DRI) reported its Q4 2018 results on June 21 before the market opened. The company reported a 10.2% rise in revenue to $2.1 billion and surpassed revenue estimates by 0.3%. Earnings per share rose to $1.3, compared to $1.1 in Q4 2017. Earnings exceeded forecasts by 3%. The stock rose ~16% last week.
On June 21, Instinet raised its target price for Signet Jewelers (SIG) to $62 from $41 with a “buy” rating on the stock. The stock rose ~4.0% last week.
CarMax (KMX) reported its Q1 2019 results on June 21 before the market opened. The company reported a 5.5% rise in revenue to $4.7 billion and surpassed revenue estimates by 4.0%. Earnings per share rose to $1.33 compared to $1.13 in Q1 2018. Earnings surpassed estimates by 7.3%. The stock gained 10.8% last week.
Walgreens Boots Alliance (WBA) shares rose 2.8% last week after it landed itself a place in the Dow Jones Industrial Average Index and replaced General Electric Company (GE). David Blitzer, the managing director and chairman of the index committee at S&P Dow Jones Indices in New York City, said in a statement that the changing economy has favored consumer, finance, healthcare, and technology companies rather than industrial companies.