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$STZ has agreed to purchase Utah-based company, High West Distillery. The transaction is expected to close by the end of October. The High West portfolio sells approx. 70,000 cases annually. The portfolio includes four core High West Whiskey products, American Prairie Bourbon, Double Rye!, Rendezvous Rye and Campfire.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.