Stock Market News: Kraft, CBS, News Corp, Time Warner, Energizer Holdings

• Kraft (KFT) reported third quarter earnings of 55 cents a share on revenues of $9.8 billion, beating Zacks estimates of 48 cents, but slightly below revenue projections of $10.24 billion
• MedcoHealth Solutions (MHS) reported third quarter earnings of 75 cents ex-items, 4 cents above Zacks estimates, on revenues of $14.80 billion, up from estimates of $14.71 billion
• Miller Tabek upgraded entertainment stocks such as Kraft (CBS), Entravision (EVC), News Corp. (NWS), Viacom (NYSE:VIA.B), and Disney (DIS) from “neutral” to “buy”
• Disney (DIS) said China approved its plans for a $3.5 billion theme park in Shanghai, set to open in 2014 at the earliest
• Time Warner (TWX) reported third quarter earnings of 61 cents a share, ahead of Zacks estimates of 52 cents. Revenue of $7.14 billion was almost inline with Zacks estimates. The firm said it sees full-year earnings of at least $2.05
• Garmin (GRMN) reported third quarter earnings of $1.02 a share, versus Zacks estimates of 70 cents on revenues of $781 million, which beat Zacks estimates of $695 million
• Energizer Holdings (ENR) was removed from Goldman Sachs’ (GS) Conviction Buy List, on the outlook for disappointment in its margin recovery

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