The markets continued higher today on lighter volume. The Dow 30 was up 67, the S&P 500 gained 4, and the Nasdaq 100 added 17. Volume will likely remain light through the duration of the holiday week, but thanks to an OPEC meeting and some scheduled oil reports due out tomorrow, the oil space could provide some Thanksgiving excitement.
Campbell Soup (NYSE: CPB) shares popped 3.6% today as the world's largest soup maker announced earnings that came in above the Streets expectations. One, slightly negative metric was on revenue which came in at exactly what the street expected. The company said that results were "driven by lower commodity costs and cost cutting." Shares popped to highs not seen since August.
Dollar Tree (NASDAQ: DLTR) shot up 8.16% today having its best one day move since May. The store that sells everything for a dollar raised its earnings guidance for the current quarter after announcing a nice earnings report that mostly beat analysts expectations. Revenue was the only metric that basically was exactly what the street wanted. The company said that "lower merchandise and freight costs helped its bottom line."
Jack in the Box (NASDAQ: JACK) popped to new highs today (+6.07%) as the fast food chain announced earnings that beat analysts' estimates. The only negative was revenue which was just below expectations. The company claimed this was due to weaker same store sales at at Jack in the box along with Qdoba Mexican Grill restaurants.