Wednesday, April 7, 2010 as of 11:14 AM ET
Mead Johnson & Company is a company which was majority owned by Bristol-Myers Squibb after an acquisition in 1967, but was spun off in 2009 as an independent firm.
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Recent economic anxiety and conventional wisdom suggests selling this May could be wise, but a closer look at history says completely wiping out your equity positions now might be ill advised.
Instead of "going away" this May, strategists at S&P Capital IQ are recommending investors throw their capital into more defensive-oriented consumer staples stocks.While the S&P 500 has advanced an average of just 0.9% from May to October since 1990, the S&P 500 consumer staples sector has generated a far healthier gain of 4.7% over that span, according to S&P."Even though a pullback in prices can't be ruled out, and 'Sell in May' may only be delayed until the 'Swoon in June', history reminds us (but does not guarantee) that there is little historical evidence encouraging us to sell out of stocks altogether," Sam Stovall, chief equity strategist at S&P Capital IQ, wrote in a note this week.After soaring to multi-year highs earlier this year, stocks ran into some trouble in April due to renewed eco...These stocks hit one-year highs:While trading on below-average volume, The Home Depot (NYSE:HD) increased today, reaching and then surpassing its previous 52-week hi...
Rivals Nestle and Danone-Mead Johnson will battle for Pfizer ’s (NYSE:PFE) $10 billion infant nutrition business next week, though the Swiss giant has already been p...
DOW JONES NEWSWIRESMead Johnson Nutrition Co. (MJN) and Danone SA (DANOY) have gotten approval to bid together for Pfizer Inc.'s (PFE) infant nutritionals business, ...
Mead Johnson Nutrition shares rose 4% to $75.35 Thursday morning after the maker of Enfamil infant formulas and Choco Milk reported fourth-quarter earnings. Its prof...
Shares of Mead Johnson (NYSE:MJN) surged nearly 5% on Tuesday after the company said new tests prove its baby formula Enfamil was not responsible for the death of a ...
Shares of Mead Johnson slipped again Friday, losing about 5% after more retailers joined Wal-Mart in pulling some of the company's baby formula off their shelves. Th...
Wal-Mart (NYSE:WMT) has pulled a batch of powdered infant formula from more than 3,000 stores after a newborn boy in Missouri died shortly after taking the Enfamil f...
Baby formula maker Mead Johnson Nutrition Co. shares fell as much as 9% at the open Thursday following reports Wal-Mart Stores pulled one of the company's products f...
ZURICH -( Dow Jones )- The head of infant formula food maker Mead Johnson Nutrition Co. (MJN) has dismissed rumors his company will be taken over by Swiss food giant...
Abbott Labs (NYSE:ABT) unveiled plans on Wednesday to split up into two separate companies by spinning off its pharmaceutical unit, becoming the latest U.S. company ...
Pfizer Inc might sell or spin off its animal health and nutrition units -- businesses valued at more than $16 billion -- to focus on its main pharmaceutical business...
Dutch group DSM, the world's largest vitamins maker, is buying U.S. baby food ingredients maker Martek Biosciences Corp for an agreed $1.1 billion, kicking off an ex...
On a trading day that saw the S&P 500 gain 0.7%, the Consumer/Non-Cyclical sector (XLP) showed little change.As a proxy for the sector, the ETF tracked closer to the...
DOW JONES NEWSWIRESMead Johnson Nutrition Co.'s (MJN) first-quarter earnings rose 12% as emerging markets helped drive the company's better-than-expected sales.The c...
Pfizer Inc.'s (PFE) earnings could get a boost in coming years if the drug maker uses most of the proceeds from the sale of its nutrition business for share buybacks...
The Consumer/Non-Cyclical sector (XLP) showed little movement on a trading day that saw S&P 500 fall 0.3%.The ETF is trading at 1.3% over its 50-day moving average a...
Nestle is reportedly closing in on a deal to buy Pfizer's (NYSE:PFE) infant nutrition business, a win that would give it a market advantage in both China and the Asi...
These are stocks that are down on high volume today:Chesapeake Energy Corporation (NYSE:CHK) is trading down on a volume of 55.5 million, or three times its normal d...
The S&P 500 lost 0.1% while the Consumer/Non-Cyclical sector (XLP) showed little movement during trading today.The ETF is showing gains of 0.5% on its 50-day moving ...
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