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☆ Oreo maker Mondelez lifts 2022 forecasts as snack demand holds up
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

Nov 1 (Reuters) - Mondelez International Inc (MDLZ.O) raised its full-year sales and profit forecasts on Tuesday, betting that consumers would continue to purchase its chocolates and biscuits despite higher prices. Shares of the Chicago-based snack maker rose about 2% in aftermarket trading. The Oreo maker said it now expects 2022 organic net revenue to increase more than 10%, compared with its prior estimate for a more than 8% jump. It forecast 2022 adjusted profit to grow over 10%, on a constant-currency basis, compared with its previous expectation for mid-to-high single-digit growth. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ As prices soar, consumers turn to McDonald’s
▼ + stars: | 2022-10-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN Business —Inflation is relentlessly high and food prices in particular are soaring. In the third quarter, McDonald’s US prices were up about 10% year-over-year on average. McDonald's prices were up about 10% year-over-year in the third quarter. Some might also be trading down to McDonald’s from more expensive chains or restaurants as menu prices increase at a slower clip than prices in grocery stores. “We feel very good about … McDonald’s value proposition,” said CEO Chris Kempczinski during the call.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. A strong dollar has hurt the overseas profits of large firms, while soaring inflation has prompted interest rate hikes and companies to raise product prices, even as consumers have been forced to cut spending. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Last week, its smaller rival Snap Inc (SNAP.N) forecast no revenue growth for the holiday quarter, setting off warning bells in the social media industry. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.

Shares of Coca-Cola rose 2.3% after the soda giant also beat third-quarter revenue and profit estimates. On an adjusted basis, Coca-Cola earned 69 cents per share on net revenue of $11.1 billion. Analysts had expected earnings of 64 cents per share on revenue of $10.52 billion, according to IBES data from Refinitiv. The company forecast organic revenue to rise 14% to 15% in 2022, compared to prior expectation of 12% to 13% increase. It raised its full-year adjusted earnings per share growth forecast to 6% to 7%, from 5% to 6%.

☆ Coca-Cola raises revenue, profit forecasts on boost from higher prices
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Coca-Cola Co (KO.N) raised its annual revenue and profit forecasts on Tuesday, banking on demand to remain steady for its sugary sodas amid multiple price increases taken to blunt the impact of surging costs. PepsiCo raised its annual forecasts earlier this month after topping quarterly revenue estimates. Coca-Cola said net revenue rose 10% to $11.1 billion in the third quarter ended Sept. 30. Analysts on average had expected revenue of $10.52 billion, according to Refinitiv IBES data. Coca-Cola forecast full-year adjusted earnings per share to rise 6% to 7%, compared to prior expectation of 5% to 6% growth.

☆ Inflation is dominating the conversation on earnings calls. Here's what execs are saying
▼ + stars: | 2022-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

One thing's clear at the start of the corporate earnings season: Inflation is still a hot topic for companies. The consumer price index increased 0.4% in September, which was a hotter reading than the 0.3% expected by Dow Jones, according to the Bureau of Labor Statistics. It was at 0.6% without food and energy factored in, which was also above Dow Jones' estimate of 0.4%. That was similarly above the Dow Jones expectation of 0.2%. The company beat earnings per share expectations for the third quarter but revenue came in lower than analysts anticipated.

☆ Earnings playbook: How to trade the busiest week of the season thus far, including Apple and Amazon
▼ + stars: | 2022-10-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +17 min

It's the busiest week of the earnings season thus far, with nearly 150 S & P 500 components set to report. What history shows: Coca-Cola has outperformed analyst earnings expectations in the last 11 quarters, FactSet data shows. Alphabet is set to report earnings after the close, with management expected to hold a conference call at 5 p.m. What history shows: FactSet data shows Microsoft's earnings per share have come in above expectations in 24 of the last 25 quarters. What history shows: McDonald's earnings per share have outperformed expectations in six of the last 10 quarters, FactSet data shows.

Snap's disastrous earnings is an indicator to some industry insiders that the digital ad market is collapsing. Snap's dismal showing in its recent earnings due to lost ad spend signified an ad market further collapsing in the face of a likely recession. And now, the ad industry is scrambling to figure out what to do in a worst-case economic scenario. "I think the digital ad market collapsed in September," one adtech exec told Insider, noting a precipitous drop that month in particular. One ad industry recruiter who is coming off of one of their busiest years in 2021 for running talent searches for ad agencies amid the Great Resignation said new opportunities have all but dried up, as many ad agencies have instituted a hiring freeze.

☆ Jim Cramer gives his take on consumer packaged goods stocks
▼ + stars: | 2022-10-19 | 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 EmailJim Cramer gives his take on consumer packaged goods stocksCramer gave his take on the stock of companies including Procter & Gamble, Johnson & Johnson and PepsiCo on Wednesday.

☆ Engine No. 1 held talks with Coca-Cola on new recycling initiatives - source
▼ + stars: | 2022-10-18 | by ( Shashwat Awasthi | Byron Kaye | ) www.reuters.com time to read: +1 min

1 has held talks with Coca-Cola Co (KO.N) about steps the soda giant could take to ramp up recycling of its cans and bottles, a source familiar with the matter told Reuters on Tuesday. 1 partner responsible for getting three seats at Exxon, brought the Coca-Cola idea to Engine No. 1 from Jana Partners where he had been researching it, another source told Reuters. 1 has suggested a partnership between Coca-Cola and garbage collection and recycling company Republic Services Inc (RSG.N), in which Engine No. Coca-Cola and Republic did not respond to Reuters requests for comment.

☆ Russian soft drinks maker to cut back investments, hiring over new sugar tax
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Oct 18 (Reuters) - Chernogolovka, a Russian soft drinks producer hoping to seize market share as Western competitors leave, said a proposed new sugary drinks tax had forced it to scale back investments next year and freeze hiring for 1,000 new jobs. A parliamentary committee last week gave preliminary approval to budget proposals that would see excise duty levied on drinks with a certain sugar content at 7 roubles ($0.1135) per litre from Jan. 1, 2023. The company said it was "extremely pessimistic" in its assessment of the soft drinks market for 2023-25, fearing production could fall by 20% from current levels. "The decision will affect the company's major investment project in the Moscow region, a plant construction project in the Volga region and a production expansion project in Krasnodar region," it said. Chernogolovka told Reuters in August it was aiming for a 50% share of Russia's nearly $9 billion soft drinks market, as Coca-Cola Co (KO.N) was reducing operations.

☆ Recession or not, investments in this sector have shown resilience in tough times
▼ + stars: | 2022-10-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

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.

Companies Mercedes Benz Group AG FollowBERLIN, Oct 17 (Reuters) - Mercedes-Benz (MBGn.DE) has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the carmaker said on Monday. The energy provider, which the spokesperson declined to name, will reserve the energy for Mercedes-Benz from an offshore wind park under construction in the Baltic Sea. The carmaker, which previously said it aims to cover 70% of its energy demand with renewables by 2030, said in April it was sourcing all its electricity for Germany from green sources from 2022 onwards under purchase power agreements with Statkraft and Enovos. It is also planning to build a wind farm in the northwestern German state of Lower Saxony by 2025 that is able to produce a hundred megawatts of electricity, equivalent to over 15% of the carmaker's annual demand in Germany. Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ What Cramer is watching Monday — BofA nice beat and my informal poll says people hate the market
▼ + stars: | 2022-10-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

WFC price target hikes at BMO Capital and Piper Sandler. Citi lowers price target on American Airlines (AAL) to $15 per share from $16. Mizuho cuts price target on Dow Inc. (DOW) to $46 per share from $62, pricing is falling apart. RBC Capital cut price target on Datadog (DDOG) to $105 per share from $125, getting more conservative. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ What it takes to get a job at Netflix according to its chief talent officer, who explains the company's grueling 10-interview process and 'shocking' feedback
▼ + stars: | 2022-10-17 | by ( Elaine Low | ) www.businessinsider.com time to read: +4 min

Netflix chief talent officer Sergio Ezama said Netflix sometimes conducts 10 or more interviews with a candidate. As Netflix's chief talent officer Sergio Ezama told "Power of Why" podcast host Naomi Haile in February, hiring well is paramount to sustaining the company's culture. he told Haile. Ezama also spoke to Haile about his childhood in Bilbao, Spain, and the career journey that led him to Netflix. "It's hard work" jumping into a C-suite role at a new company after decades at another, he told Haile.

☆ This week's best-performing stocks include two pharma names analysts expect will rally from here
▼ + stars: | 2022-10-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Some of the biggest stock winners in this week's volatile market action included two big pharmaceutical names analysts expect to rally in the months ahead. To scope out this week's market outperformers, CNBC Pro screened for S & P 500 stocks with the best week-to-date gains. Though only 32% of analysts have a buy rating on the stock, the consensus price target suggests shares can rally another 64.2%. Despite slumping about 36% this year, shares are poised to rally 15% based on the consensus price target. About 38% of analysts say PepsiCo is worth buying, with shares expected to rise 6.4% — based on the consensus price target.

☆ Here is an update on our 7 Bullpen stocks
▼ + stars: | 2022-10-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

We reviewed our Bullpen stocks during the Investing Club's October "Monthly Meeting" on Thursday. Barrick Gold (GOLD): Investors would think that with geopolitical tensions, inflation, and economic uncertainty, this is time for gold to shine. 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.

☆ Buy these stocks that are beating earnings expectations in this tough environment, Wolfe Research says
▼ + stars: | 2022-10-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

PepsiCo continued its winning streak by reporting third-quarter results before the bell Wednesday that beat expectations. CVS Health doesn't report its third-quarter results until Nov. 2, but in its second-quarter report , the company increased its earnings outlook for 2022. In the second quarter, the company earned $2.40 per share, adjusted, beating a Refinitiv forecast of $2.17 per share. Rising oil prices helped Chevron , which reported record profits during the second quarter of 2022. Earnings came in at $11.62 billion during the three-month period, up from $3.08 billion during the second quarter of 2021.

☆ Wall St ends volatile day lower after Fed minutes, PPI
▼ + stars: | 2022-10-12 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The September meeting minutes also showed many Fed officials stressed the cost of not doing enough to bring down inflation. read moreThe market bounced around just after the open, with data earlier showing a surprise rise in September producer prices. The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. The S&P 500 financial index (.SPSY) ended down 0.3%. The S&P 500 posted no new 52-week highs and 78 new lows; the Nasdaq Composite recorded 20 new highs and 433 new lows.

SummarySummary Companies U.S. producer prices rise more than expected in SeptemberFOMC September meet minutes due at 2 p.m. The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. In the afternoon, investors will scrutinize the Fed's September meeting minutes for more clarity on the central bank's rate hike trajectory. Investors also await the highly-anticipated consumer prices report on Thursday, which is expected to have picked up in September. Declining issues outnumbered advancers for a 1.45-to-1 ratio on the NYSE and advancers for a 1.22-to-1 ratio on the Nasdaq.

☆ PepsiCo Raises Guidance Again as Higher Prices Lift Sales
▼ + stars: | 2022-10-12 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

PepsiCo reported a nearly 9% rise in third-quarter revenue and again lifted its sales outlook for the year as it continued to increase prices on its snacks and drinks amid rising costs. The company on Wednesday said that it expected full-year organic revenue—a metric that adjusts for items such as foreign-exchange translations, acquisition and divestitures—to increase 12%, up from the 10% it had forecast in July. It started its fiscal year, which ends in late December, expecting organic sales up 6%.

The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. Register now for FREE unlimited access to Reuters.com Register"It is not going to be that way. That's what the Fed has been looking at and that's why they're raising rates the way they are. Persistent inflation has sparked worries about the Fed's aggressive monetary action tipping the world's largest economy into a recession. ET, Dow e-minis were up 46 points, or 0.16%, S&P 500 e-minis were up 10.25 points, or 0.28%, and Nasdaq 100 e-minis were up 41.25 points, or 0.38%.

The bounce follows five straight days of declines in the Nasdaq (.IXIC) and the benchmark S&P 500 (.SPX) as recent economic data nearly sealed a case for a fourth consecutive 75-basis-point hike by the Fed. The Labor Department's producer prices index data due at 8:30 a.m. ET is expected to have risen 8.4% in the 12 months through September, after advancing 8.7% in August. Register now for FREE unlimited access to Reuters.com RegisterStubborn inflation has sparked worries about the Fed's aggressive monetary action tipping the world's largest economy into a recession. ET, Dow e-minis were up 118 points, or 0.4%, S&P 500 e-minis were up 20.5 points, or 0.57%, and Nasdaq 100 e-minis were up 85.25 points, or 0.79%.

☆ PepsiCo rides on price increases to lift annual forecasts
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - PepsiCo Inc (PEP.O) raised its annual revenue and profit forecasts on Wednesday, powered largely by the multiple price increases the soda and snack giant had made to cushion the impact of rising costs. A trend that has benefited U.S. packaged food makers like PepsiCo that offer everything from snacks to sports drinks. The price increases helped boost revenue across all its segments, especially its biggest two divisions of North America beverage and Frito-Lay. PepsiCo had raised its revenue expectations in April and July. The company's net revenue rose about 9% to $21.97 billion in the third quarter ended Sept. 3, beating analysts' estimates of $20.84 billion, according to IBES data from Refinitiv.

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