good stocks to buy into

MarketWatch reporter Francine McKenna is taking Brown-Forman (BF.A/BF.B) to the woodshed for its fiscal first-quarter earnings report , released today, calling it ��a dog��s breakfast of made up metrics and mixed up year over year comparisons.��

However misleading the report may (or may not) have been, investors seemed to have no trouble realizing that the company is suffering from an emerging markets hangover. Responsible for 20% of Brown-Forman��s top line, sales in developing markets dragged on revenue and profit.

Brown-Forman’s share price fell 3.9% in recent market action.

As the press release read:

The emerging markets did not stabilize as expected, and continued to decline during the first quarter. Underlying net sales dropped 5% (-17% reported), as the company believes that weaker economic conditions, devalued currencies and political instability have negatively impacted underlying demand. While our two largest emerging markets, Poland and Mexico, grew underlying net sales, results in Turkey, Russia, Brazil, China, Thailand and several markets in eastern Europe were down.

good stocks to buy into: Colliers International Group Inc. (CIGI)

Advisors' Opinion:

• [By Lee Jackson]

  A�10% owner of Colliers International Group Inc. (NASDAQ: CIGI) was�adding to holdings last week. Spruce House Partners bought a total of 133,800 shares of the company at $42.05 per share. The total for the buy was listed at $6 million.

good stocks to buy into: LightInTheBox Holding Co., Ltd.(LITB)

Advisors' Opinion:

• [By Monica Gerson]

  Lightinthebox Holding Co Ltd-ADR (NYSE: LITB) is expected to report a quarterly loss at $0.05 per share on revenue of $66.83 million.

  Digital Turbine Inc (NASDAQ: APPS) is projected to post a quarterly loss at $0.08 per share on revenue of $23.00 million.

• [By Monica Gerson]

  Analysts expect Lightinthebox Holding Co Ltd-ADR (NYSE: LITB) to report a quarterly loss at $0.05 per share on revenue of $66.83 million. Lightinthebox shares gained 0.62 percent to close at $2.66 on Friday.

good stocks to buy into: Chesapeake Energy Corporation(CHK)

Advisors' Opinion:

• [By Paul Ausick]

  Chesapeake Energy Corp. (NYSE: CHK) traded up about 1.4% at $6.53. The stock��s 52-week range is $1.50 to $8.15.

  EOG Resources Inc. (NYSE: EOG) traded up about 2.2% at $97.32. The 52-week range is $57.15 to $98.32.

• [By Ben Levisohn]

  We highlighted Jefferies’ upgrade of U.S. Steel (X), Baird’s downgrade of Regeneron Pharmaceuticals (REGN), and wondered if Chesapeake Energy (CHK) has turned the corner.

• [By Javier Hasse]

  The top losers in the index were:

  Chesapeake Energy Corporation (NYSE: CHK), down 10.39 percent Mosaic Co (NYSE: MOS), down 7.47 percent

  Related Link: Micron Set For Big Analyst Day...Stock Could Eventually Double, Says Credit Suisse

• [By Javier Hasse]

  The S&P 500 Index closed up 0.08 percent, with Discover Financial Services (NYSE: DFS), up 8.14 percent on its earnings, and Chesapeake Energy Corporation (NYSE: CHK), up 4.82 percent on rising oil prices, having posted the largest gains.

• [By Ben Levisohn]

  Chesapeake Energy (CHK) has dropped 2.4% to $4.85 after getting cut to Underperform from Sector Perform at RBC Capital Markets.

  United Continental Holdings (UAL) has declined 0.9% to $45.30 after releasing May passenger and sales numbers.

good stocks to buy into: Coherent, Inc.(COHR)

Advisors' Opinion:

• [By Lisa Levin]

  Shares of Rofin-Sinar Technologies (NASDAQ: RSTI) got a boost, shooting up 37 percent to $31.50 as Coherent, Inc. (NASDAQ: COHR) announced its plans to buy Rofin-Sinar Technologies Inc in a deal valued at around $942 million.

good stocks to buy into: Monsanto Company(MON)

Advisors' Opinion:

• [By Jayson Derrick]

  European stocks were mostly lower with more than four hours of trading remaining, despite a $62 billion M&A agreement in which Germany-based Bayer offered to acquire Monsanto Company (NYSE: MON) for $122 a share.

• [By Monica Gerson]

  Monsanto Company (NYSE: MON) shares rose 7.92 percent to $109.55 in pre-market trading. German company Bayer AG (ADR) (OTC: BAYRY) reported that it has made an offer to acquire Monsanto for $62 billion, or $122 per share in cash.

• [By Ben Levisohn]

  Yesterday, Monsanto (MON) agreed to be bought by Bayer for $128 a share, but its stock closed up just 0.6% at $106.76–and today it’s even lower.

  Associated Press

  The muted reaction has been attributed to the regulatory risk surrounding the deal, which could make the odds of it being successfully completed no better than 50-50. Deutsche Bank’s David Begleiter thinks the odds–and the risk reward–are better than that:

  We are maintaining our Buy on Monsanto as we believe risk/reward remains attractive following Bayer��s agreement to purchase Monsanto for $128/shr. Due to regulatory risk from the creation of the world��s largest ag company (by a factor of 2x), Monsanto shares are trading at $107, or a 16% discount to the purchase price. As such, we see downside risk by y/e ��17, when the deal is expected is close, of 9% (17x ��18E EPS of $5.45 + $2B break-up fee {$4.50/shr} = $97/shr). However with limited product overlap and the impact of the combination on innovation and pricing difficult to quantify, we believe there is a >50% chance the deal will be approved resulting in 20% upside to shares by y/e ��17.

  Shares of Monsanto have dropped 2% to $104.67.

• [By Javier Hasse]

  On Tuesday, Monsanto Company (NYSE: MON) rejected Bayer AG (ADR)(OTC: BAYRY)’s $62 billion acquisition offer, arguing that it was "incomplete and financially inadequate." However, the former assured it is open to continued discussions regarding the terms of a buyout with the German chemical and pharmaceutical company.

• [By Monica Gerson]

  Some of the stocks that may grab investor focus today are:

  Wall Street expects Monsanto Company (NYSE: MON) to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion. Monsanto shares slipped 0.09 percent to $101.00 in pre-market trading. Analysts expect General Mills, Inc. (NYSE: GIS) to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion. General Mills shares gained 1.13 percent to $66.50 in pre-market trading. Nike Inc (NYSE: NKE) reported better-than-expected earnings for its fourth quarter, but the company missed analysts’ sales estimates. The company also issued weak outlook for future orders. Nike shares fell 3.56 percent to $51.20 in pre-market trading. Worthington Industries, Inc. (NYSE: WOR) is projected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million. Worthington shares rose 1.93 percent to close at $36.96 on Tuesday. Wall Street expects Pier 1 Imports Inc (NYSE: PIR) to post a quarterly loss at $0.05 per share on revenue of $420.05 million. Pier 1 Imports shares dropped 2.06 percent to close at $5.23 on Tuesday.

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