Several companies are set to report quarterly earnings, including General Mills, Worthington Enterprises, Jabil Inc., Applied DNA Sciences, and Micron Technology. While some companies like Worthington Enterprises showed strong after-hours gains, others like Applied DNA Sciences experienced significant drops. Market analysts and investors are keenly watching these results for insights into market trends.
General Mills, undergoing a transformation with its yogurt business sale, presents a strong hedge against S&P 500 volatility. With a solid balance sheet and attractive dividend yield, the company offers a compelling investment opportunity, especially as interest rates potentially head lower. Its recent stock price performance suggests a potential rebound is in store, making it a compelling choice for investors seeking stability and growth.
This article highlights key stocks that are likely to draw investor attention today, including General Mills, 23andMe, Steelcase, Intuitive Machines, and Sangoma Technologies. Get the latest on their expected earnings, recent news, and after-hours trading performance.
General Mills has announced the sale of its North American yogurt business to Lactalis and Sodiaal for $2.1 billion. The deal, expected to close by 2025, will see Lactalis acquire the U.S. operations while Sodiaal takes over the Canadian business. General Mills plans to use the proceeds for share repurchases and focus on growth areas like premium pet food and organic snacks.
