This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
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• Shares of Hormel Foods Corporation (NYSE:HRL) jumped 3.7% after it concluded an agreement as per which it will purchase Unilever United States Inc.’s Skippy peanut-butter business for approximately $700 million
• Ross Stores, Inc. (NASDAQ:ROST) surged 8% after the discount retailer raised its earnings forecasts for the fourth quarter ending February 2, 2013
• Shares of Family Dollar Stores, Inc. (NYSE:FDO) plunged 13% after it lowered its earnings forecasts for the full year. Additionally, the company posted first quarter earnings per share of $0.69, missing the Zacks Consensus Estimate of $0.74
• Limited Brands, Inc. (NYSE:LTD) lost 5.7% after the retailer’s same stores sales growth for December came in below expectations
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