J.M. Smucker (SJM) closed at $53.48. SJM report Q2 EPS of $1.22 and revenue of $1.2 billion. December option implied volatility of 27 is near its 26-week average according to Track Data, suggesting non-directional movement after EPS.

ISE Sentiment Index-ISEE closed at 130 on 11/19/09. ISEE 10-day moving average is 136.

Two stocks with IV rise on November 19; E-Trade (ETFC) +31%, Monster Worldwide (MWW) +11%, according to IVolatility.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: J.M. Smucker December volatility flat into Q2 results originally appeared on BloggingStocks on Fri, 20 Nov 2009 09:00:00 EST. Please see our terms for use of feeds.

Continue reading J.M. Smucker beats in Q3, but there are concerns about guidance

J.M. Smucker beats in Q3, but there are concerns about guidance originally appeared on BloggingStocks on Thu, 26 Feb 2009 16:15:00 EST. Please see our terms for use of feeds.

As we all know, the market is a fickle mistress -- and I will be the first to admit, she has humiliated me with her indiscretion on many occasions. However, I'm happy to report that my pick of The J.M. Smucker Company (NYSE: SJM) as a "Cheap Stock" for 2009 has not completely blown up in my face (yet).

The peanut butter-based security jumped back on my radar today when I noticed that brokerage firm Janney Montgomery Scott started coverage of SJM with a Buy rating. Not too many analysts are currently following the shares; according to Zacks, the jam giant has garnered just two Strong Buys and one Hold. Any additional bullish initiations could help the stock extend its recent uptrend.

Continue reading Is J.M. Smucker worthy of its new Buy rating?

Is J.M. Smucker worthy of its new Buy rating? originally appeared on BloggingStocks on Tue, 27 Jan 2009 15:30:00 EST. Please see our terms for use of feeds.

Well-known maker of peanut-butter and jelly products J.M. Smucker (NYSE: SJM) reported earnings for Q4 and the full fiscal year on Thursday. The market didn't like the report in the least. The stock closed down well over 8% at the end of yesterday's session.

Here's what happened. For the fourth quarter, net sales increased 20%, but that was little consolation to the bottom line, which dropped 11%, as earnings per diluted share came in at $0.67 versus $0.75 in the year-ago period. The top line also was the beneficiary of some inorganic growth based on acquisitions. If you adjust for certain items, bringing the earnings up to $0.73 per diluted share, the decrease in the bottom line improves to 3%, but a decline in this case is still a decline. Plus, earnings expectations were not met. The company came in five pennies shy of Wall Street's wishes, according to estimates posted at earnings.com.

For the fiscal year, J.M Smucker's top line increased 18%, also due in part to acquisitions. On both a reported and an adjusted basis, earnings per diluted share jumped 9% to $3.00. Margins really suffered during the quarter and the year. Input costs are inflating, and they're becoming difficult to manage.

Continue reading J.M. Smucker's stock sells off on earnings -- I'm not buying either

J.M. Smucker's stock sells off on earnings -- I'm not buying either originally appeared on BloggingStocks on Fri, 20 Jun 2008 12:10:00 EST. Please see our terms for use of feeds.

Folgers has created some great brand messages, including the classic, "The best part of waking up is Folgers in your cup."

Well, this morning, we got another message. P&G (NYSE: PG) will merge the Folgers unit into the operations of The J. M. Smucker Company (NYSE: SJM). The deal comes to about $3 billion.

P&G, which has owned Folgers for more than 45 years, has been actively shopping the deal. All in all, the transaction looks smart. It's an all-stock arrangement and, as a result, is tax-free to all parties. Smucker will also issue a $5 per share special dividend.

Continue reading Smucker gets some Folgers in its cup for $3 billion

Smucker gets some Folgers in its cup for $3 billion originally appeared on BloggingStocks on Wed, 04 Jun 2008 13:48:00 EST. Please see our terms for use of feeds.