Valspar rises on better than expected Q2 results

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Michael Fowlkes 05/19/2014

The Valspar Corporation ( VAL ) is up 3.1% Monday morning following the company's fiscal second quarter report. Valspar reported quarterly earnings of $1.07 per share, outpacing the consensus estimate of $1.04. Revenues were also better than expected. Actual revenues during the quarter were $1.13 billion, better than the $1.1 billion analyst forecast.

The Valspar Corporation ( VAL ) manufactures paints, coatings, and similar products.

Zendesk, Inc. ( ZEN ) and Stillwater Mining Co. ( SWC ) top the list of other companies with positive news today, while Kamada Ltd. ( KMDA ) and Campbell Soup Company ( CPB ) top the list of companies with negative news.

IK-> The technicals for VAL are bullish with a strong upward trend. It has support at $72.30. The stock is up 3.1% today at $75.60. The company next reports earnings in mid-August. Look at the October 60/65 bull-put spread for at least a $0.20 credit. Use limit orders. This trade has a target return of 4.2% and the stock has to fall 14.0% to cause a problem. [InvestorsKeyhole, Various news and data services]




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: VAL , ZEN , SWC , KMDA , CPB

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