Today's Research on Kellogg, Hillshire Brands, McCormick & Co., and Diamond Foods
LONDON, April 12, 2013 /PRNewswire/ --
The food processing industry faced significant challenges in 2012 as raw material prices rose after one of the worst drought in U.S. history. Raw material prices are expected to remain higher in 2013, which will have an impact on margins of companies such as Kellogg Company (NYSE: K), Hillshire Brands Co. (NYSE: HSH), McCormick & Company Incorporated (NYSE: MKC), and Diamond Foods Inc. (NASDAQ: DMND). The food processing industry is also adapting to the changing consumer demand, especially in the developed world. Meanwhile, rising income levels in emerging markets is expected to boost demand for processed foods. In fact, emerging markets are expected to be the key growth drivers for the food processing industry in the next few years. Shares of food processing companies ended on a mixed note on Thursday even as the broad market edged higher. StockCall professionals have completed their technical analysis on K, HSH, MKC, and DMND and these free reports are accessible by registering at
http://www.stockcall.com/research
Kellogg Company's shares edged lower on Thursday; however, the losses were limited. The stock closed 0.53% lower at $64.28 on volume of 1.37 million. Earlier in the day, Kellogg's shares touched a 52-week high of $64.91, however, the stock failed to hold on to its gains. Shares of K have outperformed the S&P 500 so far in 2013, gaining nearly 16%. The stock has seen a series of highs since the start of this year, which is a bullish signal. The stock is also trading well above its 50-day and 200-day moving averages. Sign up for the free technical research on K at
http://www.StockCall.com/K041213.pdf
Hillshire Brands Co.'s shares edged higher on Thursday, touching a 52-week high of $35.38. The stock closed 0.74% higher at $35.25 on volume of 756,099. Hillshire Brands' shares have gained nearly 4% in the last three sessions. Year-to-date, the stock has gained more than 25.70%, compared to a gain of over 11.70% for the S&P 500. The company's shares are currently trading above their 50-day and 200-day moving averages, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. Be sure to read our latest technical research on HSH by registering at
http://www.StockCall.com/HSH041213.pdf
Shares of McCormick edged higher on Thursday; however, the gains were limited. The stock closed 0.14% higher at $71.25 on volume of 511,068. The stock touched an intra-day high of $71.85. The company's shares are currently trading more than 3.30% below their 52-week high. The stock has gained more than 12% thus far this year, outperforming the S&P 500. McCormick's shares saw a pullback after the stock hit a 52-week high last month. However, the stock has rebounded after finding support at around $70. Sign up and read the complimentary report on MKC at
http://www.StockCall.com/MKC041213.pdf
Diamond Foods Inc.'s shares edged lower in trading yesterday. The stock closed 0.39% lower at $15.52 on volume of 153,105. The stock has seen a series of lows in the last two weeks, which is a bearish signal. It has also slipped below its 50-day and 200-day moving averages, which further confirms the bearish trend. Shares of DMND currently have support at around $15. The free report on DMND can be downloaded by signing up now at
http://www.StockCall.com/DMND041213.pdf
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