Caution: Wall Street Rumor Mill in Overdrive
Get Alerts HSY Hot Sheet
Price: $199.97 +1.48%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.9%
Revenue Growth %: +4.0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.9%
Revenue Growth %: +4.0%
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The rumor machine has been in overdrive the past couple of days. Traders should be cautious and nimble. Today's rumors include: Harley-Davidson (NYSE: HOG), Whole Foods Market (NYSE: WFM) (both private equity speculation). Yesterday it was: Potash (NYSE: POT), B/E Aerospace (NASDAQ: BEAV), FireEye (NASDAQ: FEYE), and Skyworks (NASDAQ: SWKS).
It appears the rumor mill being correct on a Hershey Foods (NYSE: HSY) bid weeks ahead of time is driving this action. Also, a slow holiday Friday.
Most of these new ones won't pan out.
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