Today we are watching…
1. General Mills (#genmils)
Packaging General Mills’ packaged food, which includes mainly cereal, is getting more expensive. Concerned over tightening profit margins, investors in the consumer goods giant are banking on a top-line to make up for it. With fourth-quarter earnings results only hours away, market onlookers are hoping for 79 cents of earnings per share on revenue of $4.2 billion.
2. Paychex (#paycx)
Boosted by the rise in job growth, expectations are high today for Paychex. The company handles the payroll and HR for over a million US businesses. By acquiring insurer Oasis, the firm hopes to diversify away from its reliance on a strong economy. Analysts have estimated earnings per share amounting to $0.69 on $979 million in revenues.