Farberware Brand Launches New Line Exclusively at Walmart
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MIRAMAR, Fla., Nov. 1, 2011 /PRNewswire via COMTEX/ --
Today, home chefs seek value in their countertop kitchen appliances and they not only look for products that become fundamental components of their home, but also offer quality and timeless style. This combination of excellence and affordability is harder to find than ever. Russell Hobbs, the licensee of the Farberware brand, announced its newest addition to the small kitchen appliance category with an exclusive line only available at Walmart.
Farberware's sleek and stylish line of products includes a chic, programmable coffee and tea maker, a dual-function food processor and a powerhouse 10-speed blender. All have stainless steel finishes and unparalleled craftsmanship perfect for the home chef that is interested in high-quality, great-looking appliances at an affordable price.
"In today's economy, consumers perceive a 'good value' as more than just the lowest price. They also want all the bells and whistles they've come to expect in their appliances like stainless steel finishes, digital controls and dual functionality, and we're proud to say that this new line has all that and more," said Danielle Gosthe, Senior Brand Manager for the Farberware brand. "Our coffee and tea maker, food processor and blender go toe-to-toe with other well-known brands and beat them with more features, lower pricing and higher-end finishes."
Source: MarketWatch (press release)
AK Steel Holding Makes a Move: Down 6.6%
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AK Steel Holding (NYSE:AKS), a company whose shares are moving quickly, is trading 6.6% lower to $7.78. The S&P is trading lower by 2.0% to 1,229 and the Dow is trading 1.7% lower to 11,748.
AK Steel Holding Corporation, through its wholly-owned subsidiary, produces flat rolled carbon steel. The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets. AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers.
Potential upside of 33.2% exists for AK Steel Holding, based on a current level of $7.78 and analysts' average consensus price target of $10.36. The stock should find initial resistance at its 50-day moving average (MA) of $7.82 and further resistance at its 200-day MA of $12.99.
In the past 52 weeks, AK Steel Holding share prices have been bracketed by a low of $5.51 and a high of $17.88 and are now at $7.78, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.4%.
Source: Financial News Network Online
