DIRS.INFO The most relevant business & tech news

☆ General Mills raises full-year forecast on higher prices
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterPackages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew KellySept 21 (Reuters) - Cheerios cereal maker General Mills Inc (GIS.N) raised its full-year forecast after beating quarterly profit estimates on Wednesday, banking on higher prices and resilient demand for its breakfast cereals, snack bars and pet food. The company now expects organic net sales to rise between 6% and 7% in fiscal 2023. Net earnings attributable to General Mills rose to $820 million, or $1.35 per share, in the three months ended August 28, from $627 million, or $1.02 per share, a year earlier. It also reported net sales of $4.72 billion in the first quarter, in line with analyst expectations, according to Refinitiv data.

☆ Stocks making the biggest moves premarket: General Mills, Stitch Fix, Beyond Meat and others
▼ + stars: | 2022-09-21 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. Stitch Fix (SFIX) – Stitch Fix slid 5.9% in premarket trading after reporting a wider-than-expected quarterly loss and issuing a weak forecast. Beyond Meat fell 1.1% in premarket trading on top of a 6% slide Tuesday, its sixth consecutive down day. Defense stocks – Shares of defense contractors are rising in the premarket after Russian President Vladimir Putin mobilized more troops to Ukraine in what's seen as a major escalation of the Ukraine war. Aurora Cannabis (ACB) – Aurora Cannabis reported a breakeven quarter, on an adjusted basis, surprising analysts who predicted a quarterly loss.

☆ Stocks making the biggest moves midday: Freyr Battery, Stitch Fix, General Mills, Trupanion and more
▼ + stars: | 2022-09-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Stitch Fix — Stitch Fix was up about 12%, even after the company posted downbeat quarterly numbers. General Mills — Shares of the food producer jumped 7% after the company posted a better-than-expected quarterly profit. The company now sees adjusted EBITDA between $1.4 billion and $1.45 billion, below prior guidance of $1.475 billion and $1.575 billion. Sotera Health — Sotera Health shares dropped more than 7% after JPMorgan downgraded the company to underweight from overweight, citing risks from more than 700 outstanding trials. Coty — The stock rose 5.6% after the beauty company said it has a strategy to double skincare product sales by fiscal year 2025.

☆ Pro Picks: Watch all of Wednesday's big stock calls on CNBC
▼ + stars: | 2022-09-21 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounds up the best trades from investors and analysts throughout the day. The Dow Jones Industrial Average closed more than 500 points lower on Wednesday after the Federal Reserve raised interest rates another 0.75 percentage point. Earlier in the day, the pros discussed a big call by Bank of America to add PayPal to its 'US1' list of top investment ideas. Jim Cramer said he likes General Mills , as the stock hit an all-time high after posting better-than-expected quarterly results Wednesday morning. Other stocks mentioned include Microsoft and Meta .

☆ The Fed's credibility is still on the line
▼ + stars: | 2022-09-21 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com time to read: +6 min

The difference — known as the breakeven rate — tells you how much inflation investors foresee. The five-year breakeven rate stands at 2.48%, down significantly from a high of 3.59% in March and not far off from the Fed's 2% target. The 10-year breakeven inflation rate sits at 2.4%. The Fed makes its latest policy announcement at 2 p.m. Coming tomorrow: The latest policy decisions from the Bank of England, the Bank of Japan and the Swiss National Bank.

☆ The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.
▼ + stars: | 2022-09-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today, I'm breaking down what to know about the Fed's third jumbo rate hike, and how markets could look in its aftermath. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. A third, outsized rate hike is an unprecedented move by the Federal Reserve. For this meeting in particular, billionaire David Rubenstein warned that a 100-basis-point hike this week would shock and depress markets and investors. What's on deck for markets after a third consecutive large rate hike?

☆ Stock futures are flat ahead of the Federal Reserve's expected interest rate hike
▼ + stars: | 2022-09-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +1 min

Stock futures were flat Tuesday evening as traders look ahead to Wednesday's interest rate hike announcement from the Federal Reserve. S&P 500 and Nasdaq 100 futures climbed 0.07% and 0.07%, respectively. The 2-year U.S. Treasury note yield surged as high as 3.99%, its highest level since 2007. "To be sure, the recent technical weakness in stock prices must now contend with the resolve of monetary policy makers in their fight against inflation." He added that third-quarter earnings season may also add headwinds for stock prices if they show further margin erosion for U.S. companies.

☆ Dow futures drop more than 200 points as Wall Street braces for big Federal Reserve meeting this week
▼ + stars: | 2022-09-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Stock futures fell Monday after the major averages posted their worst week since June and ahead of the Federal Reserve's two-day meeting this week. Futures tied to Dow Jones Industrial Average fell 275 points, or 0.9%. Investors are coming into the new week focused on the Fed's latest policy meeting, which will begin Tuesday. Stocks slid last week as investors reacted to a hotter-than-expected inflation report and a dismal warning from FedEx about a "significantly worsened" global economy.

☆ Another big rate hike is coming. Lather. Rinse. Repeat
▼ + stars: | 2022-09-18 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +6 min

As such, experts' forecasts for the Fed's key short-term rate after the November meeting range from 3.5% to 4%. In other words, the Fed's rate hikes could ultimately lead to the economy cooling off more than the central bank would like. Too many big rate hikes risk "sending the economy into a mild recession," Chubb said. What's more, other central banks, mainly the European Central Bank, are likely to step up the pace and size of rate increases as well. "Major central banks still have work to do on inflation, including the Fed and the ECB.

☆ Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows
▼ + stars: | 2022-09-16 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

FedEx rattled the market after it withdrew its full year earnings guidance Thursday, warning about global softness in its delivery business. After the CPI, markets shifted to price in an even more aggressive Fed rate hiking path. Fed ahead In the week ahead, there are just a few data releases, but they will provide an important window into how the housing market has been coping with the Fed's rate hiking cycle. "Good economic data has been bad for the market, but we haven't seen bad economic data be good for markets. After the CPI release, the futures market for fed funds priced a big jump higher in the terminal rate, or end point where the Fed stops hiking.

☆ Cramer’s week ahead: FedEx’s warning shows the Fed is further along in fighting inflation than expected
▼ + stars: | 2022-09-16 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Monday: AutoZoneQ4 2022 earnings release at 6:55 a.m. Wednesday: General Mills, Salesforce, Lennar, KB HomesGeneral MillsQ1 2023 earnings release at 7 a.m. ETProjected EPS: $4.86Projected revenue: $8.97 billionKB HomeQ3 2022 earnings release between 4:10 to 4:20 p.m. ETProjected EPS: $2.66Projected revenue: $1.88 billionCramer said he expects both Lennar and KB Home to be soft due to soaring mortgage rates. ETProjected EPS: $4.17Projected revenue: $70.8 billionCramer said he hopes the stock goes down so that the Investing Club can buy more.

☆ Investing Club: The week in review, the week ahead — Sept. 16, 2022
▼ + stars: | 2022-09-16 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

As we saw from Starbucks (SBUX), Humana (HUM) and Danaher (DHR) this week, companies are still investing in the future despite the difficult macroeconomic environment. Conferences will continue next week and within the portfolio we look forward to hearing from Nvidia (NVDA), Salesforce (CRM) and Qualcomm (QCOM). On Thursday, initial jobless claims for the week ending Sept. 10 came in at 213,000, a decrease of 5,000 from the prior week and below expectations of 227,000. 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 .

There are three common metrics to evaluate dividend stocks: Dividend yield, dividend payout ratio, and dividend payout growth. Three important metrics can help you choose the best dividend stocks for your portfolio: dividend yield, dividend payout growth rate, and dividend payout ratio. Dividend payout growthThe dividend payout growth, also known as dividend growth rate (DGR), is the average percentage rate of growth a stock's dividend has experienced over a specific period (usually three, five, or 10 years). Dividend payout ratioFinally, look at the dividend payout ratio, or the percentage of a company's earnings or free cash flow used to cover dividend payments. Dividend yield vs. dividend growth rateA high dividend yield may signal a company that's not destined for a lot of growth.

☆ A self-made millionaire shares her top 18 'recession money rules': 'Don't panic' and 'prepare to borrow'
▼ + stars: | 2022-07-06 | by ( Ann Kaplan | ) www.cnbc.com time to read: +8 min

To boost your chances of surviving an economic downturn, here are my top 18 recession money rules:1. If a rate reduction isn't an option, consider transferring your debt to a lower interest rate card. During a recession, many people need to borrow money to get through difficult times — and that's okay. Although no job is completely safe during a recession, certain jobs like those in essential services offer more security. Don't panic — recessions don't last forever.

☆ Don't buy these 8 foods at Costco, experts say
▼ + stars: | 2019-02-11 | by ( Megan Leonhardt | ) www.cnbc.com time to read: +3 min

Costco can be a great place to find good deals on the foods you eat every day. But there are a few areas where your local grocery store or a big box store like Walmart and Target can offer better value for your money. That's primarily why Charlene Haugsven, founder of MyFrugalAdventures.com, tells CNBC Make It, "Just because Costco has it doesn't mean it's a bargain." However, the reason grocery experts put these items in the "don't buy" category comes down to the size. Cereal, especially the name brand variety, is also often a good buy at your local grocery store, big box store and even at the drugstore.

Search resuls for: "General Mills"

15 mentions found