(By Mayur Pahilajani - iStockAnalyst Writer)
New York, NY - Overall, the financial sector may have lost investors' confidence, but there are stocks that defy the negative sentiment on Wall Street. These stocks are trading with heavy volumes, and some even hitting new 52-week high on Wednesday.
Look out for stocks like General Mills, Inc. (NYSE: GIS), The Chubb Corporation (NYSE: CB), Constellation Energy Group I (NYSE: CEG), Barrick Gold Corporation (NYSE: ABX), SanDisk Corporation (NASDAQ: SNDK) and Cal-Maine Foods Inc (NASDAQ GM:CALM).
General Mills, Inc. (NYSE: GIS):
The Minneapolis cereal giant reported on Wednesday that its fiscal first-quarter profit dropped by 4 percent on higher fuel charges to $278.5 million, or 79 cents a share, which is down from $288.9 million, or 81 cents a share from a year earlier. General Mills, Inc., however, reported that it is increasing its full-year projection on higher operating earnings. The firm also raise its 2009 forecast to $3.81 to $3.85 a share from its previous projection of $3.78 to $3.83 a share. The company said its sales increased to $3.5 billion, from $3.1 billion a year-ago. Shares of the owner of Betty Crocker, Cheerios and Haagen-Dazs ice cream, General Mill, hit a new 52-week high of $70.21 from the previous high of $69.52. At 11:32a, ET, the stocks were trading at $1.54 or 2.24 percent to $70.09.
The Chubb Corporation (NYSE: CB):
The Warren, NJ-based insurance firm, which is one of the leading property and casualty insurer in the United States, announced early this week that its has appointed Richard Spiro as the company's new chief financial officer from early November. Chubb's board said Spiro will join the company as executive vice president on Oct. 1. Spiro's predecessor Michael O'Reilly, vice chairman and CFO, will be retiring. Shares of the firm were trading higher by 68 cents or 1.24 percent to $55.40, after it hit a new 52-week high at $57.96 from $55.92, during early trading on Monday.
Constellation Energy Group I (NYSE: CEG):
Utility company Constellation Energy Group Inc.
