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The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75. Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday. Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week. Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive. His first target for the S & P 500 is 3,800.
Boston Beer has an average analyst rating of hold and 8% downside to the average price target, according to FactSet. "In a recession, beer tends to gain about one percentage point of share from spirits. How to play the space With that mindset, you shouldn't alter your long-term investments because of a potential recession, Sarwat said. Its average price target is buy. Duckhorn also has an average rating of buy, with 30% upside to the average price target.
Busch debuts non-alcoholic ‘Turkey Brew’ for dogs
  + stars: | 2022-10-16 | by ( Zoe Sottile | ) edition.cnn.com   time to read: 1 min
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SHANGHAI, Oct 14 (Reuters) - Chinese consumers are typically known for lavish spending on high-end handbags, clothes and accessories that sustain Western luxury brands. Brands that have jumped on the trend include Kweichow Moutai (600519.SS), best known for $300 bottles of baijiu, the Chinese spirit popular at banquets. It debuted baijiu-infused ice cream at $10 a cup in May, racking up 2.5 million yuan ($350,000) of sales on the first day. Chinese consumers are "spoiling themselves with those little things and they're loving something novel," said Mark Tanner, founder of marketing agency China Skinny. "When times aren't so good, people want to feel better, guilty pleasures like ice cream can help," said Low.
Washington, DC CNN —Tesla CEO Elon Musk said Thursday that production of its Semi truck has begun, and deliveries to one customer, Pepsi, will occur in December. Tesla first announced the Semi in November 2017 and production was said to begin in 2019. Musk, the world’s richest man, has sold about $15 billion in Tesla stock this year, but it’s still not clear if Musk has sufficient liquid funds to close the Twitter deal. Musk, who has received commitments for debt and equity financing, may need to sell additional shares of Tesla to finance the purchase. Tesla shares fell roughly 5% in trading Friday morning.
Rising interest rates are boosting corporate pension plans, providing finance chiefs with an option to lighten their companies’ balance sheets and transfer obligations to insurers. PREVIEWWhen interest rates rise, liabilities for defined-benefit plans—a type of pension plan that promises fixed amounts to participants—shrink. They can also move just a portion of their pension obligations, but that still requires a high funding status. “If interest rates level off or decrease, the funded status could fall pretty quickly,” said Matt McDaniel, a partner at Mercer who advises companies on pension risk transfers. Recent stock market declines have hurt some defined-benefit pension plans invested in publicly traded equities, Mr. McDaniel said.
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Gareth Kaminski-Cook, CEO of Autins, which makes noise-reducing and thermal insulation for carmakers, gives a tour of the auto supplier's factory in Tamworth, Britain, May 3, 2022. Many auto suppliers, already squeezed by rampant inflation and energy prices, say they have little choice but to shoulder the extra costs of making their components sustainable to meet carmakers' environmental targets. "We're going to see a real big shakeout the next five, 10 years in the auto supply chain." The company, which is worth about $39 billion, launched its own sustainability drive in 2020 and is working on recyclable products with carmakers including Volkswagen, Volvo and BMW. Guell says carmakers only want to work with suppliers who use green energy, leaving him in a tight spot.
Here are the biggest calls on Wall Street on Monday. Raymond James upgrades Planet Fitness to strong buy from market perform Raymond James said in its upgrade that Planet Fitness is still in great shape despite its pullback. UBS downgrades Lyft to neutral from buy UBS said in its downgrade that it's skeptical that Lyft can deliver industry-level top line growth "We are downgrading shares of Lyft to Neutral from Buy and reducing our ests. Jefferies downgrades Anheuser-Busch InBev to hold from buy Jefferies in its downgrade that the beer company is not as cheep as its peers. EBITDA upside and above avg.
So, after a period of aggressive selling, the Club wants to buy stocks back now. Citi raises its price target on Club holding Wynn Resorts (WYNN) to $91 per share from $87.50. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
NFL has a new halftime show sponsor
  + stars: | 2022-09-23 | by ( Jordan Valinsky | Cnn Business | ) edition.cnn.com   time to read: +1 min
New York (CNN Business) Apple Music is replacing Pepsi as the new sponsor for the NFL's Super Bowl halftime show. In a statement, the NFL said that it "couldn't think of a more appropriate partner" for the show. Apple Music's sponsorship begins at the next Super Bowl on February 12, 2023, in Glendale, Arizona. More details about the show, including performers, will be released in the coming months on Apple Music's social platforms. Pepsi PEP has been the NFL's halftime show sponsor for the past decade.
Influencer-marketing and talent agency Viral Nation has acquired creator economy startup MediaKits. MediaKits, which launched in 2021, helps influencers design media kits using real-time social data. Influencer-marketing and talent management agency Viral Nation has acquired creator economy startup MediaKits. Creators often make media kits using software like Canva or Adobe, before sharing them with brands as PDFs. To help make these media kits more up to date and shareable, O'Brien and Adams built a tool that lets creators design media kits with real-time data from platforms like YouTube, Instagram, and TikTok.
Rising fuel costs, the possibility of stricter emissions regulations to come, and questions about battery supplies, have all increased the appeal of zero-emission fuel cells. Volvo TrucksVolvo GroupCEO: Martin LundstedtMarket Cap: $32.97 billionHQ: Gothenburg, SwedenVolvo Trucks said in June 2022 it had begun testing hydrogen fuel-cell trucks. In the latter case, Plug Power has provided Amazon with more than 15,000 fuel cells to replace the batteries in its warehouse forklifts since 2016. Plug just signed a new deal to provide the behemoth with the liquid hydrogen necessary to run its fuel-cell vehicles starting in 2025. As part of a deal with Weichai group, Ballard is building fuel cells in China to power fuel-cell vehicles in that market.
Budweiser is promoting its alcohol-free lager at the upcoming soccer World Cup in Qatar, balancing its role as the official beer of the event with the strict regulations on the sale and consumption of alcohol in the predominantly Muslim host nation. FIFA announced last month that it has so far sold 2.45 million World Cup tickets out of a possible 3 million. The brand said it plans to roll out localized ads and digital content in 70 countries as part of its World Cup marketing plans. It will also distribute more than 1 billion limited-edition bottles of Budweiser, each featuring a unique QR code linking to a competition to win free prizes including beer and World Cup tickets. And Anheuser-Busch InBev will use its World Cup sponsorship to promote the introduction of its direct-to-consumer e-commerce website and app TaDa, starting with 10 markets in Latin America, Mr. Marcondes said.
These include the Marriott Bonvoy Business® American Express® Card and Marriott Bonvoy Boundless® Credit Card. Earn up to 17X total points per $1 spent at over 7,000 hotels participating in Marriott Bonvoy® with the Marriott Bonvoy Boundless® Card. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Marriott Bonvoy recently added the ability to "top up" free night certificate values with up to 15,000 points. The best hotels for redeeming a 35,000-point Marriott free night certificateAll of the cards that offer these free night certificates carry annual fees in the ~$100 range (from $95 on the Marriott Bonvoy Boundless® Credit Card up to $125 for the Marriott Bonvoy Business® American Express® Card.
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Goodby Silverstein & Partners' Margaret Johnson broke down what it takes to make a great Super Bowl ad. She said the best Super Bowl ads are funny, boosted everywhere, have purpose, and kept simple. Johnson listed the 2020 Cheetos Super Bowl spot starring Ashton Kutcher and Mila Kunis as a perfect example. Margaret Johnson, chief creative officer and partner, GS&P Goodby Silverstein & PartnersBut what makes a successful Super Bowl ad? She pointed to GS&P's 2020 Cheetos Super Bowl spot that starred a quarantined Ashton Kutcher and Mila Kunis, mugging to Shaggy's hit "It Wasn't Me."
Лидером по числу подтверждённых случаев, по данным Университета Джонса Хопкинса, остаются США, где количество выявленных заражённых составляет 33,307 млн человек. Всемирная организация здравоохранения (ВОЗ) и Европейское агентство лекарственных средств (ЕМА) могут одобрить российскую вакцину от коронавируса «Спутник V» в течение ближайших месяцев. Сейчас ВОЗ и ЕМА изучают данные о вакцине в рамках ее сертификации, эффективности, безопасности и качестве. Сербия намерена в ближайшие пять-шесть месяцев произвести 4 млн доз российской вакцины «Спутник V» на своей территории. В Украине за прошедшие сутки зафиксирован 2581 новый инфицированный коронавирусом, госпитализировано 1059 пациентов, умерли 102 человека, выздоровели 9519 украинцев.
Persons: Джо Байден Organizations: Университет Джонса Хопкинса, Всемирная организация здравоохранения (ВОЗ), Европейское агентство лекарственных средств (ЕМА), ВОЗ, ЕМА, ШриЛанка Locations: США, Индия, Бразилия, Евросоюз, ЕС, Венгрия, Словакия, Сербия, Швейцария, Литва, Болгария, Дания, Германия, Греция, Польша, Хорватия, Чехия, ШриЛанки, Вьетнам, Россия, Москва, Московская область, Украина, Киев, Запорожская, Днепропетровская, Львовская, Киевская, Молдова, Приднестровье
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