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☆ Here's what an overbought market and endless negativity tell me to do this week
▼ + stars: | 2023-06-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

There are too many articles and postings about how we are overdoing artificial intelligence, and how there's not enough substance to justify recent market moves. Still, I am worried about this week because for the first time in a bit I think we need to do some serious digesting. Given the market is officially overbought, I think I will wait until we have a couple of days down before it's worth pulling the trigger. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: That's worrisome, Joe Biden's, Campbell, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: Nasdaq, Nvidia, Microsoft, Google, Oracle, Broadcom, Marvell, Research, Federal Deposit Insurance Corporation, Walmart, Costco, Adobe, Strategic Petroleum Reserve, Federal Reserve, CNBC

☆ S&P 500 first-quarter EPS creeps out of the red, Refinitiv data shows
▼ + stars: | 2023-06-09 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

Fresh data shows earnings per share for S&P 500 (.SPX) companies were about flat in the first quarter, a major improvement over dour forecasts at the start of the reporting season. Reuters GraphicsWith first-quarter earnings season all but wrapped up, S&P 500 companies are on track for an average increase in earnings per share of 0.03% year over year, according to I/B/E/S data from Refinitiv. Notably, net income for S&P 500 companies fell 2.9% in the first quarter, according to Refinitiv, showing their overall profits actually declined. Smucker (SJM.N) and Campbell Soup Co (CPB.N) were among the companies helping to lift S&P 500 earnings out of negative territory in recent days, with both packaged food sellers reporting EPS above analysts' estimates. While first-quarter earnings have turned out better than expected, analysts on average remain pessimistic about the outlook for earnings, on average predicting a 5.4% drop in EPS in the second quarter, according to Refinitiv.

Persons: Andrew Kelly, Campbell, Noel Randewich, Paul Simao Organizations: Smucker, REUTERS, Reuters Graphics, Federal Reserve, Campbell, Thomson Locations: Manhattan , New York City, U.S, Refinitiv

☆ Campbell’s U.S. Soup Sales Cool Off
▼ + stars: | 2023-06-07 | by ( Jesse Newman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/campbell-soup-cpb-q3-earnings-report-2023-13ad1740

Persons: Dow Jones

The small-cap index Russell 2000 (.RUT) ticked higher as investors kept moving away from megagap and growth stocks after their strong gains. Recently, U.S. shares have been boosted by a megacap stocks rally and a stronger-than-expected earnings season, with the S&P 500 (.SPX) up almost 20% from its October 2022 lows. Wells Fargo raised the price target on Netflix (NFLX.O) shares to $500 from $400, the highest on Wall Street, according to Refinitiv. Energy index (.SPNY) rose after oil prices edged higher, while the KBW Regional Banking Index (.KRX) hit a two-month high. According to preliminary data, the S&P 500 (.SPX) lost 16.31 points, or 0.38%, to end at 4,267.54 points, while the Nasdaq Composite (.IXIC) lost 170.59 points, or 1.28%, to 13,105.83.

Persons: Wells, Russell, we've, Paul Baiocchi, jitters, Wells Fargo, Campbell, Shubham Batra, Shristi, Vinay Dwivedi, Richard Chang, David Gregorio Our Organizations: Netflix, Nasdaq, SS, C ALPS Advisors, Treasury, Bank of Canada, Federal, Dow Jones, Yext, U.S . Securities, Exchange Commission, SEC, Invest, Thomson Locations: megagap, U.S, KBW, York, Coinbase, Bengaluru

June 7 (Reuters) - Campbell Soup (CPB.N) shares dropped as much as 9% on Wednesday, after the company disappointed investors by maintaining its full-year forecasts for sales and profit despite beating quarterly earnings. The move helped Campbell Soup post a 5% rise in quarterly sales, although its margins slipped to 30% from 31.2%. Campbell expects annual net sales to grow between 8.5% and 10%, compared with analysts' estimates for a rise of 9.5%, according to Refinitiv IBES data. It forecast adjusted profit of $2.95 to $3 per share, versus estimates of $3.01. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Devika Syamnath and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Campbell, Kraft Heinz, Arun Sundaram, Sundaram, Mark Clouse, Ananya Mariam Rajesh, Devika Syamnath, Anil D'Silva Organizations: Kellogg, Investors, Thomson Locations: Russia, Ukraine, Bengaluru

☆ Campbell Soup beats quarterly profit estimates on price hikes
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Campbell Soup (CPB.N) beat Wall Street estimates for third-quarter profit on Wednesday and maintained its annual forecasts, as the maker of Pepperidge Farm cookies benefited from multiple rounds of price increases. Peer J M Smucker (SJM.N) had forecast a smaller-than-expected decline in annual sales on the back of higher prices and steady demand for its products. The company maintained its annual net sales forecast for an 8.5% to 10% rise and adjusted profit expectations of $2.95 to $3.00 per share. Campbell's third-quarter gross profit margin was 30%, compared with 31.2% a year earlier, squeezed by still-high prices of commodities and freight as well as higher marketing expenses. The company's net sales rose 5% to $2.23 billion, in line with expectations.

Persons: Campbell, Kraft Heinz, J, Ananya Mariam Rajesh, Devika Organizations: Kellogg, Thomson Locations: Russia, Ukraine, Bengaluru

☆ How to trade CPB, BF.B, and PLAY
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to trade CPB, BF.B, and PLAYJeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss how to trade Campbell's Soup, Brown-Forman, and Dave & Buster's.

Persons: Jeff Kilburg, Brown, Forman, Buster's Organizations: KKM Financial

☆ Nasdaq hits 13-month high as investors look ahead to OPEC+ meeting and Apple headset event
▼ + stars: | 2023-06-03 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

It was a strong week for all three major stock indices, with the market bolstered Friday by strong jobs data and a deal in Washington to raise the U.S. debt ceiling. The S & P 500, the Nasdaq and the Dow Jones Industrial Average all finished the week roughly 2% higher. While Friday's rally broadened out beyond just the usual tech stocks, the Nasdaq ended Friday at its highest level since April 2022. This is the key data to look out for in the week ahead: Monday, June 5 9:15 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: payrolls, Biden, Investors, we've, Joann, JOAN, Ferguson, JM Smucker, Buster's, Campbell Soup, OLLI, Friday's, Jim Cramer's, Jim Cramer, Jim, Anna Moneymaker Organizations: U.S . Labor Department, Nasdaq, Dow Jones Industrial, Organization of Petroleum, Monday Club, Apple, PMI, THOR Industries, ABM Industries, Academy Sports, Ciena Corp, Foods, GameStop, Signet Jewelers, SIG, Company, Brands, Vail Resorts, MTN, Labor, Federal Reserve, U.S, West Texas, Treasury, Jim Cramer's Charitable, CNBC, Capitol, Getty Locations: Washington, OPEC, Vienna, China, U.S, Washington , DC

LONDON, April 27 (Reuters) - Global freight volumes fell at some of the fastest rates for three decades earlier this year, but at the end of the first quarter showed signs of bottoming out. Global freight has been hit by excess inventories held all along the supply chain as consumer and business spending has reverted from merchandise to services after the pandemic. But the most recent data, albeit only covering a small number of transport hubs, shows freight volumes may have stabilised or improved at the very end of the first quarter. Chartbook: Global freight volumesThe port of Singapore’s container throughput climbed to a record high of 3.34 million twenty-foot equivalent units (TEUs) in March. Related columns:- Hard-ish landing has already arrived for U.S. manufacturers (April 4, 2023)- Global freight slump deepens at the start of 2023 (March 21, 2023)John Kemp is a Reuters market analyst.

☆ Elon Musk reportedly admits Twitter may have been wrong to label NPR as 'state-affiliated media'
▼ + stars: | 2023-04-07 | by ( Britney Nguyen | Aaron Mcdade | ) www.businessinsider.com time to read: +5 min

Twitter added a "US state-affiliated media" label to NPR's account on Tuesday. NPR reported Thursday that Elon Musk told the outlet the tag might be an error after learning more about the outlet. The mention of the BBC, which did not see the label added to its accounts, remains on the page. A screenshot of NPR's Twitter profile on Wednesday shows a label reading "US state-affiliated media." Twitter/@NPR"We were disturbed to see last night that Twitter has labeled NPR as 'state-affiliated media,' a description that, per Twitter's own guidelines, does not apply to NPR," NPR President and CEO John Lansing said in a statement shared with Insider.

☆ Twitter labeled NPR as a 'state-affiliated media' and scrubbed its name from a policy page that contradicted the move
▼ + stars: | 2023-04-05 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Twitter added a "US state-affiliated media" label to NPR's account on Tuesday. A page on Twitter's Help Center removed a previous mention of NPR as an example of outlets "not defined as state-affiliated media." The mention of the BBC, which did not see the label added to its accounts, remains on the page. A screenshot of NPR's Twitter profile on Wednesday shows a label reading "US state-affiliated media." Twitter/@NPR"We were disturbed to see last night that Twitter has labeled NPR as 'state-affiliated media,' a description that, per Twitter's own guidelines, does not apply to NPR," NPR President and CEO John Lansing said in a statement shared with Insider.

☆ Campbell Soup lifts annual sales forecast on robust snack demand
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +2 min

March 8 (Reuters) - Campbell Soup Co (CPB.N) raised its annual sales forecast on Wednesday, betting on higher prices, improved supply and strong demand for its packaged meals and snacks. Shares of the Prego pasta sauces maker rose about 2% in premarket trading after it also topped market estimates for quarterly sales. Organic net sales in Campbell's snacks division, which represents roughly half of its portfolio, jumped 15% in the second quarter, fueled by robust demand for its brands including Goldfish crackers, Cape Cod potato chips and Pepperidge Farm cookies. The company's net sales rose to $2.49 billion in the quarter ended Jan. 29, from $2.21 billion a year earlier, compared to analysts' average estimate of $2.44 billion in Refinitiv IBES data. The Camden, New Jersey-based soup maker said it expected net sales to rise between 8.5% and 10% in fiscal 2023, compared with its previous forecast of 7% to 9% growth.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: Powell Day 2, strong jobs
▼ + stars: | 2023-03-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Barclays raises price target on Zillow (Z) to $30 per share from $24 but keeps underweight (sell) rating. Industrial gas and engineering giant Linde (LIN) gets another price target boost: UBS goes to $410 per share from $375. 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.

☆ Campbell Soup lifts sales outlook as Americans keep snacking
▼ + stars: | 2023-03-08 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Though stretched thin amid increasing prices, Americans are still snacking on Campbell's cookies and salty snacks while a continued preference for cooking at home has further bolstered demand. While U.S. soup sales rose 7% in the second quarter, Campbell is facing growing competition from cheaper private-label counterparts for soups and broth. New Jersey-based Campbell expects fiscal 2023 net sales to rise between 8.5% and 10%, up from its previous forecast of 7% to 9%. It also projected annual adjusted earnings of $2.95 to $3.00 per share, compared with a prior target of $2.90 to $3.00. Reporting by Deborah Sophia in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ This week's jobs report will help determine if this nascent March rally has legs
▼ + stars: | 2023-03-05 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

While this optimistic scenario is plausible, it remains less likely than the economy entering a significant and extended cyclical slowdown or full-blown recession in the course of 2023. Rates are now expected to rise further and remain higher for longer in response to the persistent strength in the job market and service sector inflation. Expectations for the end of 2023 are still trending higher as service sector inflation has continued rising faster than originally anticipated. Service sector activity levels also strengthened significantly in January according to business surveys conducted by the Institute for Supply Management. Similar strength in service sector activity and inflation has been visible across the Eurozone and other major economies.

☆ These 13 beaten-down stocks offer a 'margin of safety' from a possible credit shock, according to a top-1% fund manager
▼ + stars: | 2023-02-28 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Higher-than-anticipated interest rates could lead to economic pain and even a credit shock. Top-1% fund manager James Abate explained why he hasn't given up on stocks yet. Here are 13 value stocks to buy in this shaky environment, according to Abate. Leading fund manager James Abate isn't predicting a repeat of the financial crisis, but he is worried that banks could get their biggest test in years if interest rates keep rising. While nothing is guaranteed in markets, Abate said that 2023 will provide many opportunities for fund managers like him to outperform.

"Because the consumer is now under more pressure, and Walmart is under pressure, that sets up a dynamic where there's probably not a lot of pricing going forward." The clout Walmart holds over suppliers also means that Walmart would likely get the lowest percentage of any price hikes manufacturers implement, according to investors who track the company. In 2018, Walmart pulled Campbell Soup Co's (CPB.N) products during the key winter season over a dispute over prices and shelf space promotion. At the time, Tesco labeled Heinz's price hikes as "unjustifiable." After raising prices four times in 2022, he said, Clorox doesn't "have any additional plans" to hike prices this year.

☆ Conagra Brands raises 2023 forecast on price increases
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

Shares of the company, known for its brands Birds Eye and Chef Boyardee, rose about 4% in premarket trading. But people have accepted the higher prices with little push back, as they find eating out far more expensive than cooking at home. On Thursday, Conagra forecast a 7% and 8% rise in full-year 2023 organic sales, which excludes impact from foreign exchange, divested businesses and acquisitions, compared with the previous expectation of 4% to 5% growth. Conagra said its higher average selling prices boosted organic sales by 17%, offseting an 8.4% decline in sales volumes in the second quarter. Net sales rose to $3.31 billion, while analysts had expected $3.28 billion in sales.

☆ Jim Cramer's Investing Club meeting Friday: Fed strategy, Club mantra, buying opportunities
▼ + stars: | 2022-12-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Fed isn't ready to stop Investing mantra reminder Looking to buy 1. Smucker (SJM), Campbell Soup (CPB) and General Mills (GIS) are all companies that fit the Club's investing mantra. 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 .

☆ Stocks making the biggest moves premarket: Campbell Soup, Pinterest, Toll Brothers and others
▼ + stars: | 2022-12-07 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Pinterest (PINS) – Pinterest rose 1.2% in premarket trading after an official from activist investor Elliott Management was added to the image-sharing website operator's board of directors. Carvana tumbled 18.2% in premarket trading. Dave & Buster's (PLAY) – Dave & Buster's shares slid 3.9% in premarket action even though its quarterly profit matched analyst estimates. Airbnb (ABNB) – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal-weight.

☆ Is the worst over for bitcoin and the rest of crypto?
▼ + stars: | 2022-12-04 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

This is not the first crypto winter, as long-term fans of bitcoin can attest. “It is very clear that we as an industry need to build better products,” said Hany Rashwan, CEO of 21.co, a crypto investment firm. That’s about triple where prices were during the depths of the crypto bear market in the early pandemic days of 2020. Others point out that the underlying blockchain technology behind bitcoin and crypto remains solid. Pride and Reynolds added that it’s erroneous to think that bitcoin can hold up well during stock market volatility.

☆ Expect more choppiness ahead after a week of mixed market signals
▼ + stars: | 2022-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Driving the action were several key economic reports, including the November ADP employment and nonfarm payrolls reports and the October personal spending report. The comments came after a softer-than-expected ADP employment report, but before a stronger-than-expected nonfarm payrolls report. With these kinds of mixed signals, expect more market choppiness as investors remain on the hunt for more definitive signs that the Fed is winning its war on inflation and can therefore definitively ease up on their hawkish stance. Initial jobless claims for the week ending Nov. 26 were 225,000, a decrease of 16,000 from the prior week and below expectations of 235,000. Finally, on Friday the all-important nonfarm payrolls report was released, indicating a 263,000 payrolls increase in November, above the 200,000 expected.

Phoenix-based VIP's toy mimics the design of the Jack Daniel's bottle with comical dog-themed text alterations, like replacing "Old No. After Jack Daniel's sent a cease-and-desist notice, VIP asked an Arizona federal court in 2014 to rule that its toy did not infringe the whiskey company's trademark rights. Circuit Court of Appeals in 2020 overturned a judge's ruling in favor of Jack Daniel's, finding that VIP's toy was a creative work with a "humorous message" that was entitled to First Amendment protections. The Supreme Court last year rejected a request by Jack Daniel's to reconsider that ruling. Jack Daniel's told the high court that the decision made it "virtually impossible to stop misleading or tarnishing use of a mark whenever a copycat deploys 'humor.'"

☆ Is Beyond Meat beyond saving?
▼ + stars: | 2022-09-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Companies like Beyond Meat, rival Impossible and plant-based milk producer Oatly are still doing big deals with supermarket chains and restaurants to get their products on store shelves and menus. But in the company’s most recent earnings call, Beyond Meat CEO Ethan Brown conceded that the company (and the industry) faces challenges. Inflation is a problem for plant-based food biz too“We went from a pandemic into record inflation,” Brown said. “After years of growth, plant-based meat sales in the United States are stagnating,” said consulting firm Deloitte in a recent report. So there is nothing fake about Wall Street’s concerns regarding the big drop in demand for “fake” meat and milk.

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