Investors aren’t worried about risk and the Fed helped them get there, but it isn’t going to end well, warns our call of the day from Thomas H. Kee Jr., president and chief executive of Stock Traders Daily and portfolio manager at Equity Logic.
Energizer Holdings Inc. reported Monday a fiscal second-quarter adjusted profit that more than doubled from a year ago, and raised its full-year outlook, as the battery and lighting products company said cost reductions and increased pricing helped fend off rising input costs.