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☆ Bet against America's love for junk food? Morgan Stanley sees tough times ahead for snack stocks like Hostess
▼ + stars: | 2023-09-11 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +3 min

Smucker 's plan to buy Twinkies -maker Hostess Brands is a risky move, if Morgan Stanley's latest research is correct. The firm revisited its August call that a new class of weight loss medications would hamper growth at some food and beverage companies . "Across our coverage, Numerator Insights data highlight that most center-store packaged food companies slightly over-index to consumers with obesity," Kaufman said. Hostess stock soared 19% on the news. Other food stocks with higher exposure to customers with obesity include Conagra , Kraft Heinz and Smucker, the report said, citing the Numerator data.

Persons: Smucker, Morgan Stanley's, Ding Dongs, Morgan Stanley, Pamela Kaufman, Atkins, Nordisk's Wegovy, Kaufman, Kraft Heinz, — CNBC's Michael Bloom Organizations: Hostess Brands, Centers for Disease Control, Nordisk's Locations: U.S, GLP

☆ Stocks making the biggest moves midday: Tesla, Qualcomm, Meta, Moderna and more
▼ + stars: | 2023-09-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Tesla — Shares of the electric vehicle maker jumped 6% after Morgan Stanley upgraded the stock to overweight from equal weight. Kenvue — Shares of the Band-Aid maker gained 3% after being upgraded by Deutsche Bank to buy from hold on Sunday. The Wall Street firm called Kenvue a high-quality company and believes the stock's slide has created an attractive entry point. Nubank – The U.S.-traded shares of the Brazilian financial firm rose nearly 6% after JPMorgan upgraded Nubank to overweight from neutral. Discovery and Paramount also traded higher on the news, rising 2.2% and 1.9%, respectively,AstraZeneca — The pharmaceutical company's shares lost nearly 3% midday Monday.

Persons: Morgan Stanley, Adam Jones, — Smucker, Alibaba, Daniel Zhang, Zhang, Nubank, Warner, Pascal Soriot, Immatics, — CNBC's Alexander Harring, Samantha Subin, Yun Li, Jesse Pound, Michelle Fox, Tanaya Macheel Organizations: Artificial Intelligence, Hostess Brands, Tenable Holdings, JPMorgan, Deutsche Bank, Alibaba Group, Wall Street, Meta, Qualcomm, Apple, Media, Disney, Charter Communications, Warner Bros . Discovery, Paramount, AstraZeneca, Reuters, Mail, Moderna —, Moderna Locations: Shanghai, U.S, Brazil

☆ U.S. food companies go deal hunting as pandemic growth fades
▼ + stars: | 2023-09-08 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

Last month, Campbell Soup (CPB.N) struck a $2.7 billion deal for Rao's sauce maker Sovos Brands (SOVO.O). Reuters GraphicsReuters Graphics Reuters Graphics"Large food companies need to add more new concepts, new flavor profiles and new food items because their old brands - though still growing - are not growing at a meaningful rate," Milani said. Packaged food companies "are now faced with some difficult comparisons on organic (sales) and are seeking some strategic, category-specific M&A targets that will propel them through the next few years," Henry said. "Most of the large cap packaged food companies have ... diligently reduced their debt and improved their balance sheet (through the pandemic)...so they have the risk capacity and risk appetite to pursue large-scale acquisitions," CFRA Research analyst Arun Sundaram said. "These packaged food companies need to continue finding ways to stay relevant ... And so one of the easiest ways to do that is through M&A."

Persons: Brendan McDermid, Campbell, There's, Michael Milani, Baker Tilly, Milani, Kraft Heinz, Sarah Henry, Henry, Mills, Luca Zaramella, Hershey, J.P, Morgan, Arun Sundaram, Deborah Sophia, Arun Koyyur Organizations: Campbell Soup, New York Stock Exchange, REUTERS, Sovos, Unilever, Mars, Reuters Graphics Reuters, Reuters, Logan Capital Management, PepsiCo, Mondelez, Barclays, Hostess Brands, Thomson Locations: New York, U.S, North America, dealmaking, Bengaluru

☆ Twinkies maker will give food brands a sugar high
▼ + stars: | 2023-09-01 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. Acquire Licensing RightsNEW YORK, Sept 1 (Reuters Breakingviews) - Urban legend says Hostess Brands’ (TWNK.O) infamous Twinkie is so highly processed it could survive a nuclear war. Executives at both Hostess and Mondelez have noted that snacking is getting more popular, even as people are indulging in smaller portions. Add a 30% premium to its undisturbed stock price, and its enterprise value is 15 times forward EBITDA, according to Refinitiv data. A deal is possible, but it has a good chance of leaving a short-lived sugar high.

Persons: Mills, Metropoulos, Andy Callahan, Mondelez, Callahan, isn’t, Morgan Stanley, General Mills, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, Mondelez, Apollo Global Management, New York Times, Reuters Graphics Reuters, Planters, Hostess Brands, Hershey, PepsiCo, General, Thomson Locations: Manhattan, New York City, U.S

☆ Indexes end higher in volatile trade as investors assess Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. Powell "is demonstrating that he is pleased with how far monetary policy has come and how inflation has been reduced. All of the major S&P 500 sectors rose, with consumer discretionary (.SPLRCD), technology (.SPLRCT) and energy (.SPNY) among the top gainers. Reuters GraphicsThe S&P 500 and Nasdaq also ended higher for the week, with the Nasdaq rising about 2.3% and ending a three-week streak of losses. The S&P 500 posted 6 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 23 new highs and 202 new lows.

Persons: Jerome Powell, Powell, Michael Arone, Brendan McDermid, Nordstrom, Caroline Valetkevitch, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: Marvell Technology, Nordstrom, Dow, Nasdaq, Federal, State Street Global Advisors, Dow Jones, Reuters, Traders, New York Stock Exchange, REUTERS, Hostess Brands, Hawaiian Electric Industries, NYSE, Thomson Locations: U.S, , Wyoming, Boston, New York City, Hawaii, Maui

☆ Indexes end higher in volatile trade as investors take in Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. According to preliminary data, the S&P 500 (.SPX) gained 29.01 points, or 0.66%, to end at 4,405.32 points, while the Nasdaq Composite (.IXIC) gained 125.16 points, or 0.93%, to 13,589.13. All of the major S&P 500 sectors ended higher, with energy (.SPNY), consumer discretionary (.SPLRCD) and technology (.SPLRCT) among the top gainers. The S&P 500 and Nasdaq also ended higher for the week, with the market gaining in the run up to Nvidia's (NVDA.O) second-quarter results.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Arone, Nordstrom, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Nordstrom, Federal, Nasdaq, Dow Jones, State Street Global Advisors, Hostess Brands, Reuters, Thomson Locations: New York City, U.S, , Wyoming, Boston, Hawaii, Maui, New York

FILE PHOTO-Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. REUTERS/Brendan McDermidFile Photo Acquire Licensing RightsNEW YORK, Aug 25 (Reuters) - Hostess Brands Inc (TWNK.O), the maker of Twinkies snack cakes, is exploring a sale after fielding takeover interest from major snack food makers, people familiar with the matter said on Friday. General Mills Inc (GIS.N), Mondelez International Inc (MDLZ.O), PepsiCo Inc (PEP.O) and Hershey Co (HSY.N) are among the companies that have shown an interest in acquiring Hostess, the sources said. Hostess has hired investment bank Morgan Stanley (MS.N) for advice on handling the deal negotiations, the sources said. No agreement is certain and Hostess may decide against any deal, the sources added.

Persons: Brendan McDermidFile, Hostess, General Mills, Morgan Stanley, Mills, Ding Dongs, Dean Metropoulos, Alec Gores, Gross, Anirban Sen, Abigail Summerville, Chris Reese, Marguerita Choy Organizations: REUTERS, Hostess Brands Inc, Nasdaq, General, General Mills Inc, Mondelez, PepsiCo Inc, Hershey Co, Hostess, Hershey, PepsiCo, Hos, Apollo Global Management Inc, Thomson Locations: Manhattan, New York City, U.S, Mondelez, New York, Lenexa , Kansas, Ho

☆ Trump heading for Republican 'coronation' as 2024 rivals struggle to stop him
▼ + stars: | 2023-08-13 | by ( Tim Reid | ) www.reuters.com time to read: +6 min

Republican presidential candidate and former U.S. President Donald Trump campaigns at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. The Iowa State Fair is a political must for aspiring presidential candidates in the Midwestern state that kicks off the Republican nominating contest in January. Sarah Longwell, a Republican strategist who opposes Trump's nomination, has been holding focus groups with Republican voters all year. When asked directly about the Florida governor at the recent focus groups, one voter called him "sneaky." On Saturday, tech billionaire Vivek Ramaswamy, former South Carolina Governor Nikki Haley and DeSantis all appeared for interviews with Iowa's Republican governor, Kim Reynolds.

Persons: Donald Trump, Scott Morgan DES, Ron DeSantis, Donald Trump's, Trump, DeSantis, Sarah Longwell, Longwell, Bryan Griffin, Joe Biden, George Knuckey, Carla Wilkinson, I'm Trump, Vivek Ramaswamy, Nikki Haley, Kim Reynolds, Ron !, Chris Jackson, Jackson, Tim Reid, Ross Colvin, Jonathan Oatis Organizations: Fair, REUTERS, Florida, Donald Trump's Boeing, Republican, Iowa, Trump, Reuters, Longwell, South Carolina, Secret Service, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Scott Morgan DES MOINES , Iowa, Des Moines, Georgia, Florida

☆ Hostess, the maker of Twinkies, faces a near $300,000 fine after a worker severed their fingertip on the job
▼ + stars: | 2023-06-18 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

A worker lost a fingertip while working at a Hostess Brands facility, the Labor Department said. Federal investigators now say the company failed to provide workers with proper training. According to the department, the worker's amputation — reported by the company in December 2022 — occurred as they were attempting to reassemble a pump. In total, OSHA is accusing Hostess Brands of seven violations of federal safety standards, proposing civil penalties of just over $298,000. Hostess Brands employs about 3,000 people and reported revenues of more than $345 million in the first quarter of 2023.

Persons: —, Sukhvir Kaur Organizations: Hostess Brands, Labor Department, Federal, Service, US Department of Labor, Safety, Health Administration, OSHA Locations: Chicago

The department said its investigation found that the Hostess could have prevented the amputation injury a 29-year-old worker suffered while reassembling a pump at a company facility in Chicago. The investigation was launched after the company, which makes popular snacks like Twinkies, Ding Dongs and Donettes, reported the injury to the Labor Department. A Hostess spokesperson said on Friday that the company was reviewing the Labor Department's allegations, but declined to comment further on "pending investigations." The Labor Department has alleged that Hostess "failed to make sure shafts, sprockets and moving parts on equipment ... had required guarding in place to protect workers from contact with pinch points and moving parts." The company has 15 business days to comply, request an informal conference, or contest the Labor Department findings.

Persons: Ding Dongs, Sukhvir Kaur, Ismail Shakil, Kathrine Jackson, Aurora Ellis Organizations: U.S . Labor Department, Hostess Brands, Labor Department, Labor, Safety, Health Administration, Employers, OSHA, Thomson Locations: Chicago, Ottawa, Washington

☆ ‘Fast X’ Review: Jason Momoa Joins the ‘Furious’ Family
▼ + stars: | 2023-05-19 | by ( Kyle Smith | ) www.wsj.com time to read: 1 min

Vin Diesel Photo: Universal StudiosSending a film critic to pass judgment on a “Fast & Furious” movie is like sending a food critic to rate the fried Twinkies at the town carnival. Nor am I in the target audience for these films, though if they ever make one called “The Flabby and the Phlegmatic,” I’ll have lots of insights. Still, duty calls me to give an honest appraisal of “Fast X,” and here it is: What the Ford was all of that?

☆ From Twinkies to Doritos, Snacks Get Tiny
▼ + stars: | 2023-04-19 | by ( Jesse Newman | ) www.wsj.com time to read: 1 min

Big food is going small. Sometimes too small. Within the span of a few months last fall, General Mills Inc., Hostess Brands Inc. and PepsiCo Inc.’s Frito-Lay unveiled mini versions of their iconic snacks and cereals, including pee-wee Trix, Twinkies, Ding Dongs and Doritos. The diminutive treats kept coming this year, with the debut of mini wafers from Hostess’s Voortman and McCain Foods USA’s bite-size mashed-potato puffs for restaurants.

☆ Stocks making the biggest moves after hours: Palo Alto Networks, Coinbase, Toll Brothers and more
▼ + stars: | 2023-02-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. Palo Alto Network's earnings guidance for its fiscal third quarter also came in above consensus expectations. Toll Brothers — The homebuilding stock added 2% in extended trading following a better-than-expected earnings report. The recreational vehicle retailer reported a loss of 20 cents a share for the fourth quarter, excluding items. Hostess Brands topped Wall Street's revenue and earnings expectations for the fourth quarter, according to FactSet.

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Tesla, DoorDash, Disney, Zillow & more
▼ + stars: | 2022-12-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Piper Sandler reiterates Amazon as outperform Piper said it's "more positive on the out-year opportunity" after attending the most recent Amazon Web Services conference in Las Vegas. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by shares of Apple and that it sees no evidence of demand destruction. Morgan Stanley reiterates Hostess as overweight Morgan Stanley said after a meeting with Hostess management that it sees multiple growth drivers for the maker of Twinkies. Morgan Stanley reiterates Rocket Lab as overweight Morgan Stanley said investors should buy the dip in shares of the space satellite company. Morgan Stanley reiterates FedEx as equal weight Morgan Stanley said it's staying cautious and has low visibility heading into FedEx earnings later this month.

☆ Consumers are looking to chocolate, Oreos, and Twinkies to 'not feel terrible all the time' — Hershey, Hostess, and Mondelez are cashing in
▼ + stars: | 2022-11-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Consumers are buying more chocolate and cookies as recession fears hang over the economy. But they are still buying smaller pleasures, including sweet treats like cookies and chocolate. Now, many of the same companies are seeing sales of chocolate, cookies, and other sweet snacks rise. "Our products remain an affordable treat for families and consumers," Michele Buck, the CEO of Hershey, told analysts on a call. While consumers cut back spending in many areas, such as travel, sales of lipstick actually grew.

☆ 10 best cuisines in the world
▼ + stars: | 2017-07-12 | by ( Zoe Li | ) edition.cnn.com time to read: +13 min

Of course, it’s subjective according to personal tastes, but this is CNN Travel’s take on some of the best food cultures and destinations around the world. United StatesAmerica knows how to take a good food -- for instance, the hamburger -- and make it even better. With influences from China, Malaysia, Indonesia, Myanmar and a royal culinary tradition, Thai cuisine is the best of many worlds. The best part about eating Thai food in Thailand, though, is the hospitality. Sun, beach, service with a smile and a plastic bag full of som tam – that’s the good life.

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