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Twitter CEO talk; ConAgra cuts; McCormick misses; Generac hurricane watch

Bill McColl

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Twitter (TWTR) The stock in focus again today after jumping more than 5% yesterday when tech news website Re/code reported company co-founder and interim CEO Jack Dorsey would be given the top job permanently. Re/code says Dorsey would also continue in his role as CEO of digital payment firm Square.  Neither company has commented publicly on the report.

ConAgra Foods (CAG) The maker of Hunt's Ketchup and other well-known foods is announcing a major restructuring.  ConAgra will cut 1500 jobs...or 30% of of its office workforce.  And it's moving its headquarters from Omaha to Chicago.  Conagra says the changes are aimed at cutting costs by $300 million over 3 years.

McCormick & Company (MKC) The spice maker is reporting a fiscal third quarter profit that fell short of analysts' estimates...while revenue met expectations. McCormick is singing a common corporate refrain this year-- blaming the strong dollar for putting a drag on sales.  And because of currency issues, the company says it now expects full-year earnings to be at the low end of its anticipated range.

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Performance Food Group (PFGC) Renaissance Capital says the country's third biggest food service provider priced shares at $19 each in its initial public offering last night...well below the anticipated $22 to $25 range.  That would give Performance Food Group a market cap of $2 billion.  It will trade on the NYSE under the ticker symbol P-F-G-C.

Generac (GNRC) The maker of portable generators got a more than 10% bump yesterday as tropical storm Joaquin was upgraded to a hurricane as it moves up the Atlantic. Forecasters remain unsure what impact the now category-3 storm could have on the East Coast.  Generac shares often rise when big storms approach and threaten to knock out power.

Verisk Analytics (VRSK)  The data analytics and risk management firm will be joining the S&P 500 index at the close of trading October 7th. Verisk will replace mining equipment company Joy Global, which is moving to the S&P midcap 400 index.

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