Top 9 Stocks to Watch for July 30

Posted by on Jul 30, 2010 | No comment

Arch Coal Inc. (NYSE: ACI) is up 4.53% to $23.52 following its Q2 financial report. The company posted net earnings of $66.2 million, or 41 cents per share, reversing a loss of $15.1 million, or 11 cents per share, in the comparable quarter last year. (NYSE:ACI), (ACI)

Cavium Networks Inc. (NASDAQ: CAVM) is down 6.39% to $26.83, on above-average volume of 2.67 million shares, despite Thursday’s profit announcement. (NASDAQ:CAVM), (CAVM)

Colgate-Palmolive Co. (NYSE: CL) is up 0.55% to $78.55 on above-average volume of 4.14 million shares. Goldman Sachs has cut its rating and earnings estimates for Colgate-Palmolive. (NYSE:CL), (CL)

Merck & Co. Inc. (NYSE: MRK) is down 2.03% to $34.35 following its Q2 earnings release. The company reported a 52% decline in its Q2 earnings, citing higher costs and charges, though revenue nearly doubled to $11.35 billion. (NYSE:MRK), (MRK)

Fortune Brands Inc. (NYSE: FO) is up 0.65% to $43.66 following strong Q2 results. Earnings more than doubled to $227.4 million, or $1.48 a share, as sales jumped 9% to $1.9 billion. (NYSE:FO), (FO)

Newell Rubbermaid Inc. (NYSE: NWL) is down 0.05% to $15.57 despite topping analysts’ Q2 earnings estimates by 7 cents, and lifting its full-year profit outlook. (NYSE:NWL), (NWL)

Tennant Co. (NYSE: TNC) is up 5.04% to $36.65. The company has been upgraded to Buy from Hold, following Thursday’s earnings announcement.(NYSE:TNC), (TNC)

Warner Chilcott Plc (NASDAQ: WCRX) is up 6.15% to $25.89 on above-average volume of 3.47 million shares. The company has announced capitalization of $2.25 billion to fund a special dividend of $8.50. (NASDAQ:WCRX), (WCRX)

Walt Disney (NYSE: DIS) is down 0.47% to $35.55. The company has agreed to sell its Miramax Films unit to an investor group for about $660 million, ending a six-month bidding process. (NYSE:DIS), (DIS)

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Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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