Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for May, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- What is the Stock Market's Achilles Heel?
- 3 Dividend Stocks at Reasonable Prices
- RTI: Are You Doing the Elon Musk Trade?
- Buy These ETFs to Profit from "Sector Rotation"
- Oil & Gas Industry Stock Outlook - May 2013
- Uncharted Territory
- 4 Ways to Short Oil with ETFs
- Options Strategies & the Zacks Rank
- This Week's Growth & Income Stocks
- AWS 5/17: The Fed: The Only Game in Town
- PFP 5/17: The ONLY Investment Story
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
The leading consumer brands company Fortune Brands Inc. ( ) announced that its board of directors has given the final nod to proceed with the split of the company’s Home & Security business effective October 3, 2011, at business close. Post spin-off, the Fortune Brands Home & Security business is proposed to be traded under the symbol ‘FBHS’ while the spirit business will be rechristened Beam Inc. and will replace the current “FO” symbol with the eponymous “BEAM”.
Before the final spin-off, Home & Security will pay a cash dividend of $500 million to Fortune Brands. Additionally, Fortune Brands will allocate all the shares of Fortune Brands Home & Security to its shareholders in the form of a cash dividend. The shareholders of Fortune Brand will be credited with one share of Fortune Brand Home & Security for each share of Fortune Brand they hold.
The company cited that the two businesses are well poised to create long-term value for shareholders with their competitive, financial and organizational strength capable of securing better-than-market growth.
Fortune Brands had earlier announced its intention to split the company into three standalone units, giving investors pure plays in golf, home products and alcoholic drinks. reholders in a tax-free transaction. The ensuing spin-off of the Home & Security business, in a tax-free transaction, is integral to this original plan. The radical separation has been the outcome of four years of strategic evaluation conducted by Fortune’s board and management.
Fortune Brands is the largest spirits company in the U.S. and the fourth largest in the world. The company faces intense competition from well-established players in the market such as Diageo plc ( DEO - Analyst Report ) and Brown-Forman Corporation ( BF.B - Analyst Report ) in its spirits business and Masco Corporation ( MAS - Analyst Report ) in its home and hardware business.
Currently, Fortune Brands has a Zacks #3 Rank, implying a short-term Hold rating on the stock. We hold a long-term Neutral recommendation on the stock.
Read the full Analyst Report on BF.B
Read the full Analyst Report on MAS
Read the full Analyst Report on DEO