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CNBC's Jim Cramer said Wednesday that as earnings season begins, it's wise to keep in mind that sometimes bad news is baked into a stock's price before the report. Cramer pointed to Wall Street's reaction to PepsiCo in the lead-up to, and wake of, its Tuesday report. He noted how shares dipped but managed to recover even though the company posted a revenue miss. While the snack and beverage maker did miss on revenue, it managed to beat earnings expectations. The company lowered its full-year outlook for organic revenue, citing weak demand in North America as shoppers buy fewer snacks.
Persons: CNBC's Jim Cramer, Cramer, Morgan Stanley, FactSet, Stocks Organizations: PepsiCo, Citi, Bank of America, RBC Capital, Barclays, Quaker Oats Locations: North America
Jim Cramer talks if PepsiCo's move down is warranted
  + stars: | 2024-10-09 | by ( Jim Cramer | ) 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 EmailJim Cramer talks if PepsiCo's move down is warranted'Mad Money' host Jim Cramer looks at Pepsico earnings and if they warrant the move down.
Persons: Jim Cramer, PepsiCo's Organizations: Pepsico
New York CNN —Hopes for avoiding a recession are growing on Wall Street. Now, investors are looking to the upcoming earnings season for clues about the US economy’s health. The earnings season begins in earnest Friday with quarterly updates from big banks including JPMorgan Chase, Wells Fargo and BlackRock. Wall Street will also parse the September Consumer Price Index report and wholesale inflation figures due later this week. Wall Street will also eye developments from the tech companies whose mammoth stock returns have helped power this year’s bull market.
Persons: Motors, , , Sarah Henry, Wells, Mark Malek, Siebert, Dave Sekera Organizations: New, New York CNN, Economic, PepsiCo, Conagra Brands, Logan Capital, JPMorgan Chase, Federal Reserve, Tech, , FactSet, Apple, Nvidia, Communication, Morningstar Locations: New York, Wells Fargo, BlackRock
Pepsi sales slide as snack and drink demand sags
  + stars: | 2024-10-08 | by ( Amelia Lucas | ) www.nbcnews.com   time to read: +2 min
For 2024, Pepsi now expects a low-single-digit rise in organic revenue, down from its prior outlook of 4% growth. Pepsi reported third-quarter net income attributable to the company of $2.93 billion, or $2.13 per share, down from $3.09 billion, or $2.24 per share, a year earlier. The company reported that volume for both its food and beverage divisions declined 2%. Quaker Foods North America reported the steepest drop-off in volume, with a 13% slide. Frito-Lay North America reported a 1.5% decline in volume.
Persons: Ramon Laguarta, Jamie Caulfield, Frito, pita, Organizations: PepsiCo, Quaker Foods North America, Pepsi, Quaker Foods, Lay, ” Pepsi, Pepsi’s, Brands, Gatorade Locations: U.S, Quaker Foods North, America, Africa, Middle East, South Asia
Oil prices slid, while investors shrugged off sluggishness in China stocks. Wall Street is gearing up for CPI, which is in focus after the strong September payroll report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStock markets opened higher on Tuesday as oil prices dipped, helping investors recover slightly after Monday's losing session. Instead, Wall Street is largely focused on earnings and upcoming inflation data, scheduled for release on Thursday.
Persons: Stocks, , Monday's, Brent, Wells Organizations: CPI, Service, Stock, Federal Reserve, Bank of America, PepsiCo, JPMorgan, BlackRock Locations: sluggishness, China, Beijing, Wells Fargo, Here's
The third quarter earnings season will take its first big steps this week, but Wall Street has already been dialing back expectations for months. That shift could be a sign that Wall Street is losing confidence in corporate America. 7 and Other 493 earnings are expected to slow in 3Q, but Other 493 earnings are expected to re-accelerate to low-to-mid teens growth starting in 4Q, while Mag. PepsiCo reported mixed results for the third quarter on Tuesday, as the food and beverage company beat on earnings but saw softer sales numbers. Delta Airlines and JPMorgan Chase are some of the heavy hitters on deck for later in the week.
Persons: Ohsung Kwon, Kwon Organizations: Bank of America, 4Q, Microsoft, Nvidia, Tesla, Apple, PepsiCo, Delta Airlines, JPMorgan Chase Locations: America
China stocks – U.S.-listed shares of Chinese companies fell after China's state planner Zheng Shanjie failed to announce any new economic stimulus plans . Online video company Bilibili tumbled more than 13%, while automaker Nio and Temu parent PDD each fell more than 9%. E-commerce companies JD.com and Alibaba also fell nearly 9% and 7%, respectively. Wells Fargo – The bank rose more than 1% after Wolfe Research upgraded the lender to outperform from peer perform. Humana – Shares rose nearly 1% after Bernstein upgraded the health insurer to outperform from market perform.
Persons: Zheng Shanjie, Bilibili, Nio, Alibaba, Young Liu's, Liu, Wells, Bernstein, Oppenheimer, LSEG, , Jesse Pound, Brian Evans, Michelle Fox Theobald Organizations: U.S, Wynn Resorts, China, MDU Resources, Nvidia, Blackwell, Wolfe Research, Microsoft –, PepsiCo –, Gatorade, Frito, PepsiCo Locations: China, Las, Macau, Wells
3-Stock Lunch: American Express, PepsiCo & Docusign
  + stars: | 2024-10-08 | 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 Email3-Stock Lunch: American Express, PepsiCo & DocusignEva Ados, ERShares chief investment strategist, joins 'Power Lunch' to discuss stock plays for three stocks.
Persons: Docusign Eva Ados Organizations: Express, PepsiCo, Docusign
PepsiCo is selling bigger packs of chips to win over inflation-weary shoppers. It's the latest sign that shoppers are getting some relief after years of rising food prices. PepsiCo is adding more chips in packs without raising prices, company executives said during an earnings call on Tuesday. PepsiCo is also adding two or three extra bags of chips to variety packs, which typically contain around a dozen small bags of chips, he said. Executives at PepsiCo, one of the world's largest snack and beverage makers, had indicated in July that relief from higher snack prices was on the way.
Persons: , There's, Ramon Laguarta, Laguarta, Sen, Elizabeth Warren, Madeleine Dean, Mills, Warren, Dean, Kamala Harris Organizations: PepsiCo, Service, snackers, Frito, Lay Locations: America
PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales. Shares of the company fell 1% in premarket trading. The company reported that volume for both its food and beverage divisions declined 2%. Quaker Foods North America reported the steepest drop-off in volume, with a 13% slide. Frito-Lay North America reported a 1.5% decline in volume.
Persons: Ramon Laguarta, Jamie Caulfield, Frito, pita Organizations: Pepsi, PepsiCo, Quaker Foods North America, LSEG, Quaker Foods, Lay, Pepsi's, Brands, Gatorade Locations: Maryland, United States, U.S, Quaker Foods North, America, Africa, Middle East, South Asia
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the 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.
Persons: Jim Cramer, he's, Banks, Wells, Wolfe, That's, Jim, Oppenheimer, they're, They're, we've, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Apple, Procter & Gamble, Federal Reserve, Wolfe Research, Microsoft, Analysts, PepsiCo, Holdings, Otis Worldwide, Qualcomm, Disney
Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher. Spokespeople for General Mills, Coca-Cola and PepsiCo did not immediately respond to requests for comment. President Joe Biden has mentioned shrinkflation numerous times, declaring it a “rip-off” in a video he posted to X. Sarah Gallo, senior vice president of federal affairs at Consumer Brands Association, a trade group that Coca-Cola, PepsiCo and General Mills all belong to, defended industry practices to NBC News. Dean said the letters were sent to “ease the wrongful burden” the companies are imposing on consumers.
Persons: Sen, Elizabeth Warren of, Madeleine Dean of, Mills, General Mills, Jeff Harmening, James Quincey, , Ramon Laguarta, Spokespeople, Warren, Dean, ” Warren, ” Sen, Elizabeth Warren, Ting Shen, Joe Biden, Nailya Ordabayeva, , ” Ordabayeva, shrinkflation, Doritos, Sarah Gallo, ’ ” Dean Organizations: Democratic, Elizabeth Warren of Massachusetts, Cola, PepsiCo, NBC, North, Retail, CNBC, Gatorade, Republican, Taxation, Economic, , NBC News, Bloomberg, Boston University Questrom School of Business, Consumer Brands Association, General, Federal Reserve Bank of San Locations: shrinkflation, Washington, Federal Reserve Bank of San Francisco
US stocks fell Monday as bond yields and oil prices moved higher. The rise in oil prices and solid September jobs report has revived inflation concerns. Friday's release of the September jobs report sparked the move higher in yields. AdvertisementMeanwhile, oil prices continued to surge on Monday, rising by about 4% as tensions in the Middle East continued to simmer on the first anniversary of the Hamas-led attack against Israel. The rise in oil prices and the stronger jobs report are fanning fears of a potential rebound in inflation, which would mean fewer rate cuts from the Federal Reserve.
Persons: Organizations: PepsiCo, Service, Treasury, Israel, Federal Reserve, Amazon, Epic, Bank of America, Here's Locations: Hurricane Milton, Wells
US stocks fell Monday as investors assessed interest rate moves after Friday's strong jobs report. The 10-year Treasury yield rose above 4% for the first time since late July. Investors will focus on earnings season and the upcoming September CPI report this week. AdvertisementUS stocks dipped to start the week as investors assessed the outlook for interest rates following the strong September jobs report. The September CPI report is also on the economic calendar this week, set to be released on Thursday.
Persons: Organizations: Treasury, Service, Dow Jones, Federal Reserve, Investors, PepsiCo, Here's
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Apple , Amazon , DuPont , and Constellation Brands all saw their ratings lowered by different Wall Street analysts. 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.
Persons: Jim Cramer, Ben Reitzes, Melius, Duckhorn, Wells, Jim Cramer's, Jim Organizations: CNBC, ., Nvidia, Devices, Broadcom, Melius Research, VanEck Semiconductor, AMD, Apple, DuPont, Constellation Brands, Wall, Morning, Constellation, PepsiCo, Jim Cramer's Charitable Locations: NAPA, Wells Fargo
In pointed letters, Sen. Elizabeth Warren of Massachusetts and Rep. Madeleine Dean of Pennsylvania accused General Mills, Coca-Cola and PepsiCo of engaging in a "pattern of profiteering" through shrinkflation and by "dodging taxes." The same with PepsiCo, which "replaced its 32 oz Gatorade bottle with a 28 oz bottle for the same price." Spokespeople for General Mills, Coca-Cola and PepsiCo did not immediately respond to requests for comment. President Joe Biden has mentioned shrinkflation numerous times, declaring it a "rip-off" in a video he posted to X. Sarah Gallo, senior vice president of federal affairs at Consumer Brands Association, a trade group that Coca-Cola, PepsiCo and General Mills all belong to, defended industry practices to NBC News.
Persons: Sen, Elizabeth Warren of, Madeleine Dean of, Mills, General Mills, Jeff Harmening, James Quincey, Ramon Laguarta, Spokespeople, Warren, Dean, Joe Biden, Nailya Ordabayeva, Ordabayeva, shrinkflation, Doritos, Sarah Gallo Organizations: Democratic, Elizabeth Warren of Massachusetts, Cola, PepsiCo, NBC, North, Retail, CNBC, Gatorade, Republican, Taxation, Economic, NBC News, Boston University Questrom School of Business, Consumer Brands Association, General, Federal Reserve Bank of San Locations: Federal Reserve Bank of San Francisco
Investors expect S&P 500 earnings growth of 4.6% as the stock market trades near record highs. Key themes to watch for include AI adoption, consumer health, and the impact of lower interest rates. AdvertisementEarnings season is fast approaching, and investors have a lot to be on the lookout for as companies report third-quarter results. AdvertisementIn addition to the actual earnings figures, investors will be monitoring key themes as company executives offer guidance during earnings calls. Hainlin said he is encouraged by continued growth in consumer spending as credit card defaults "are within normal levels" and the holiday shopping season is right around the corner.
Persons: Wells, , Michael Dickson, Tom Hainlin, they're, John Belton, There's, Dickson, delinquencies, Hainlin Organizations: PepsiCo, JPMorgan, Service, Wells, Investments, Business, Wall Street, Bank Wealth Management, Aerospace, Defense, Consumer, Federal Reserve Locations: Wells Fargo, FactSet
Friday's rally on a strong jobs report gained momentum into the close and pushed the stock market into the green for the week. Inflation data: The September consumer price index (CPI) report is out Thursday. The September producer price index (PPI) is out Friday. Jim said last week that investors who don't own AMD shares should buy some ahead of CEO Lisa Su's presentation. ET: Consumer price index 12 p.m.
Persons: we'll, Jim Cramer, Friday's, Matthew Graham, Israel, Joe Biden, Wells, Jim, we're, We're, Morgan Stanley, Lisa Su's, Su, Jim Cramer's, Michael M Organizations: Dow, Nasdaq, Federal, Mortgage News, Mortgage News Daily, CNBC, Devices, PPI, Bank, Nvidia, SOXX Semiconductor, PepsiCo, Delta Air Lines, DAL, JPMorgan, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: U.S, Iran, Israel, Wells Fargo, BlackRock, New York City
CNBC's Jim Cramer reviewed next week's top market-moving action, highlighting new consumer price index data and a slew of earnings reports as the season begins, including ones from Delta , Domino's and several major banks. The labor department will release September's CPI report on Thursday, and Cramer said investors who want a rate cut are hoping for a cool number. Friday brings the producer price index report, and like the CPI, this data will be a metric for the Fed's next decision, Cramer said. Big ticket financial earnings will also come out that day, including Wells Fargo , JPMorgan and Blackrock . He said banks represent the least expensive group on the market, and investors should use any weakness to buy them.
Persons: CNBC's Jim Cramer, Cramer, he's, Delta, Tesla Organizations: Wall, PepsiCo, General Motors, Federal, Big Tech, AMD, HP Enterprise, Big, JPMorgan, Blackrock Locations: Delta, Domino's, Wells Fargo
Stocks struggled this week as rising tensions in the Middle East set off the strongest rally in oil prices since March 2023. "The stock market has been living up to October's reputation of increased volatility," said Glen Smith, chief investment officer at GDS Wealth Management. Inflation report, Fed minutes on deck In the week ahead, investors will keep an eye on a couple of potential catalysts. On Wednesday, investors will parse minutes from September's central bank gathering for insights into the future path of monetary policy. "I would say the inflation report is probably less important than it used to be," Dickson said.
Persons: Stocks, Glen Smith, Said, Mike Dickson, Chris Zaccarelli, Zaccarelli, Investment's Dickson, It's, Dickson, Wells, John Williams, JPMorgan Chase Organizations: Dow Jones Industrial, Nasdaq, Federal Reserve, GDS Wealth Management, Federal, Horizon Investments, CNBC Pro, Independent, Alliance, PepsiCo, Delta, JPMorgan Chase, PepsiCO, New York Fed, PPI, University of Michigan, BlackRock, Bank of NY Mellon, JPMorgan Locations: White, Wells Fargo, Fastenal, Wells
My top 10 things to watch Thursday, Oct. 3 Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. But the analysts said they would be buyers of the Club stock on weakness in 2025. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. My top 10 things to watch Thursday, Oct. 3Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. But the analysts said they would be buyers of the Club stock on weakness in 2025.
Persons: Jeff Marks, Stocks, Dow, Beer, Jensen Huang, Blackwell, Eli Lilly, Morgan Stanley, Oppenheimer, Levi Strauss, Levi, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Constellation Brands, Modelo, Corona, Constellation, Nvidia, CNBC, Club, Bank of America, Devices, Amazon, Deutsche Bank, Costco, Dockers, Barclays, PepsiCo, Jim Cramer's Charitable Locations: Northern New Jersey, Europe, Americas
PepsiCo said Tuesday that it's buying Mexican-American food company Siete Foods for $1.2 billion, marking the company's first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Soon that will also include Siete. In August, M&M's owner Mars announced it would buy Pringles parent Kellanova in a deal valued at nearly $36 billion. This March, Campbell Soup completed its $2.7 billion acquisition of Rao's pasta sauce maker Sovos Brand.
Persons: Bare, Veronica Garza, Ramon Laguarta, Mars, Campbell Soup, Sovos Brand Organizations: PepsiCo, Foods, Pepsi, Siete, Target, Kroger, CVS, &' $ Locations: American
Wall Street analysts' recommendations and in-depth analysis can help investors choose dividend stocks that can enhance total returns with passive income and stock price appreciation. Northern Oil and GasThis week's first dividend stock is Northern Oil and Gas (NOG), a non-operated, upstream energy asset owner. Recently, Mizuho analyst William Janela initiated a buy rating on NOG stock with a price target of $47. With a quarterly dividend of $1.40 per share (annualized dividend of $5.60), DRI stock offers a dividend yield of 3.3%. He added that the company's price reduction across nearly 5,000 items over the summer fueled higher unit and dollar sales.
Persons: Wall, NOG, William Janela, Janela, TipRanks, Darden, Peter Saleh, Uber, Saleh, Jim Lee, Jefferies, Corey Tarlowe, Tarlowe, Lee Organizations: Federal Reserve, Wall Street, Northern Oil, Mizuho, Darden, Uber, Olive Garden, Target, PepsiCo Locations: U.S, Olive
Calls of the Day: Salesforce, Walmart, Pepsico and Amgen
  + stars: | 2024-09-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Salesforce, Walmart, Pepsico and AmgenThe Investment Committee debate the latest Calls Of The Day.
Organizations: Walmart, Pepsico
We raised our price target on the stock. Best Buy was added to JPMorgan's analyst focus list after a meeting with the electronics and appliance retailer's management team. Deutsche Bank restarted coverage of Dell Technologies with a buy rating and price target of $144 a share. 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: Bristol Myers, Morgan Stanley, Wynn, Jim Cramer, Dan Ives, Jim Cramer's, Jim Organizations: Club, Costco, Drug Administration, Bristol, Bristol Myers Squibb, Wynn Resorts, United Arab, Citigroup, Analysts, Walmart, Deutsche Bank, Dell Technologies, PepsiCo, HP Inc, Bank of America, HP, Wedbush Securities, Jim's, Jim Cramer's Charitable, CNBC Locations: what's, New Jersey, Las Vegas, United Arab Emirates, China, Macau
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