The stock market is looking to welcome companies that have begun picking up from their 20-day and 50-day moving average prices, including food producers, medical providers, and utilities firms with certain strategic strides in mind.
Farm products provider Bunge Ltd (BG) last closed up +2.97% or $1.61 at $55.85 soon after the company posted quarterly dividend of 38 cents a share payable on June 2. Bunge’s stock is seen gaining more after the Easter holiday. In fiscal 2015 its debt-to-equity ratio rose to 1-7 from 1-5 a year before.
ConAgra Foods Inc (CAG) last closed up +1.75% or $0.76 at $44.07 amidst the expected Vermont state law obliging food producers to label whether products contain genetically-modified organisms (GMO). The company competes with Campbell Soup Co (CPB) and Pinnacle Foods Inc (PF) among others too.