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☆ Investors may be crowding too much into defensive stocks amid market jitters
  + stars: | 2023-05-13 | by ( Fred Imbert | ) www.cnbc.com   time to read: +3 min
The S & P 500 posted its second straight weekly decline, falling 0.3% this week. Given this backdrop, investors have turned to several consumer staples — traditionally seen as defensive stocks — to shore up their portfolios. Mondelez , PepsiCo and Molson Coors — all staples — are the most overbought S & P 500 names through Friday's session. Shares of Mondelez have rallied more than 16% year to date, easily outperforming the S & P 500's 7.4% advance. Estee Lauder is the most oversold S & P 500 stock.
☆ Budweiser maker's profit jumps as customers absorb higher prices
  + stars: | 2023-05-04 | by ( Philip Blenkinsop | ) www.reuters.com   time to read: +3 min
[1/3] Bottles of non-alcoholic beer and dishwasher soap are pictured at Anheuser-Busch InBev brewery in Leuven, Belgium November 25, 2019. The maker of Budweiser, Stella Artois and Corona repeated its 2023 forecast that core profit (EBITDA) would grow in line with its medium term outlook of between 4% and 8%, with revenue to grow ahead of EBITDA. He said AB InBev would invest more in Bud Light over the summer. First-quarter results of AB InBev's rivals Heineken and Carlsberg also showed consumer willingness to absorb higher prices. AB InBev's core profit rose by 13.6% on a like-for-like basis to $4.76 billion, compared with the 5.6% average increase expected in a company-compiled poll.
☆ Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices
  + stars: | 2023-05-04 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
Budweiser owner AB InBev is the largest brewer in the world. Budweiser-owner Anheuser-Busch InBev on Thursday reported a jump in profit for the first quarter, saying the beer industry had proved resilient despite inflationary pressures. Underlying profit attributable to shareholders came in at $1.3 billion, up from $1.2 billion during the same quarter last year. In April — following the reporting period — AB InBev faced online backlash against its Bud Light brand after a brief social media partnership with a transgender influencer. Online personalities called for a boycott of the beer, while others said AB InBev did not show enough subsequent support for the TikTok star, Dylan Mulvaney.
☆ Here are Wednesday's biggest analyst calls: Apple, Chewy, Disney, Wells Fargo, AMD, Coinbase & more
  + stars: | 2023-05-03 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Bank of America upgrades Pearson to buy from underperform Bank of America said the selloff in the British education company is overdone. Bank of America upgrades Cogent to buy from underperform Bank of America upgraded the internet services provider and says it sees "new sales growth." Bernstein upgrades Marriott to outperform from market perform Bernstein said the hotel giant has the "highest quality" earnings stream. " Evercore ISI reiterates Wells Fargo as outperform Evercore said it's sticking with the larger banks as regional concerns continue. Berenberg upgrades HSBC to buy from hold Berenberg said in its upgrade of the UK bank that it's "structurally attractive."
☆ Morning Bid: Volatile news, not markets
  + stars: | 2023-05-02 | by ( ) www.reuters.com   time to read: +5 min
While the Federal Reserve is almost certain to raise interest rates again on Wednesday, the move could be its last. So in a holiday-strewn month around the world, the VIX (.VIX) - Wall St's so-called 'fear gauge' of the implied stock market volatility for the month ahead - hit its lowest level on Monday since November 2021. Even though it ticked back up a bit above 16 overnight, it remains three full points below its 33-year historical average. For macro markets, the Fed decision is complicated by the debt ceiling and banking backdrop. March job openings numbers later on Tuesday will give an indication of just how tight the labor market remains.
☆ Stock futures are down slightly as investors prepare for Fed meeting: Live updates
  + stars: | 2023-05-01 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Stock futures are modestly lower Monday night as investors prepared for the Federal Reserve's May policy meeting to kick off. But the muted activity seen in Monday's regular session is typical in the days leading up to a Fed policy meeting, according to Jamie Cox, managing partner for Harris Financial Group. Members of the Federal Open Market Committee will begin their policy meeting Tuesday, with an announcement on interest rates and a subsequent press conference expected Wednesday. "Markets just sit around and wait until the Fed meeting begins, and then the positioning starts," Cox said. Beyond the start of the Fed meeting Tuesday, investors will watch for data on job openings, factory orders and light vehicle sales on the economic front.
☆ Here are the most overbought and oversold S&P 500 stocks, including several tech names
  + stars: | 2023-04-29 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
One metric to determine if a stock is overbought or oversold is the "relative strength index," which measures the magnitude and speed of price moves. An equity with a 14-day RSI under 30 is considered oversold, which means it may be an opportunity to buy. Meanwhile, those with a 14-day RSI above 70 are considered overbought — and the names could be due for a pause. CNBC Pro screened for S & P 500 stocks in both the overbought and oversold territory, based on their RSI. Valero Energy has the lowest 14-day RSI on the list, at 16.67.
☆ A solid start to earnings season will be put to the test in the week ahead
  + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com   time to read: +14 min
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
☆ Cheerwine, Vernors Ginger Ale, and 10 other regional soda brands with cult followings
  + stars: | 2023-03-22 | by ( Alex Bitter | ) www.businessinsider.com   time to read: 1 min
Topo ChicoBottles of Topo Chico water. Tiffany Rose/Getty Images for GBK Brand BarTopo Chico became a nationally recognized brand after Coca-Cola acquired the company for $220 million in 2017. Its sparkling water got national distribution, and Coke rolled out a Topo Chico hard seltzer through a partnership with Molson Coors. But before all that, the brand was a favorite among consumers in Northern Mexico and, in the early 2000s, with Texans. The brand got its US start in Hispanic grocery stores, according to Gerardo Galván, a Topo Chico executive who helped with the brand's expansion.
☆ The most unique regional soda brands with cult followings, from Moxie to Topo Chico
  + stars: | 2023-03-22 | by ( Alex Bitter | ) www.businessinsider.com   time to read: 1 min
Topo ChicoBottles of Topo Chico water. Tiffany Rose/Getty Images for GBK Brand BarTopo Chico became a nationally recognized brand after Coca-Cola acquired the company for $220 million in 2017. Its sparkling water got national distribution, and Coke rolled out a Topo Chico hard seltzer through a partnership with Molson Coors. But before all that, the brand was a favorite among consumers in Northern Mexico and, in the early 2000s, with Texans. The brand got its US start in Hispanic grocery stores, according to Gerardo Galván, a Topo Chico executive who helped with the brand's expansion.
☆ Play ultimate defense with these stocks that rise when volatility goes wild on Wall Street
  + stars: | 2023-03-13 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
The Cboe Volatility index (VIX) , Wall Street's preferred fear gauge, reached a level not seen since late 2022 and neared territory considered highly risky . To find volatility winners, CNBC Pro screened for stocks that tend to rise when the volatility index gains. This is not normal as most stocks fall when fear is high on Wall Street and the VIX pops. These stocks had a median advance of at least 1% during those months when volatility surged. Its shares have fallen 12% so far in 2023 amidst a 20.3% decline during the past 12 months.
☆ Monster Beverage is making booze that tastes just like its energy drinks, and you can already buy it in these 6 states
  + stars: | 2023-03-01 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
The Beast Unleashed contains 6% alcohol by volume and flavors inspired by its energy drinks. Called The Beast Unleashed, the drinks are made with malt alcohol and contain 6% alcohol by volume, though no caffeine or energy-inducing ingredients. But the Beast beverages are its latest attempt to diversify its business. Beast Unleashed, which the company announced in early 2022, is the company's first alcoholic beverage that uses the Monster brand. The launch marked the first alcoholic beverage that the cola maker sold in the US.
☆ High Noon, the top-selling canned cocktail, is expanding beyond vodka
  + stars: | 2023-03-01 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —As sales of canned cocktails and of tequila soar, High Noon is looking to capitalize on that combo. High Noon Tequila Seltzer hits shelves Wednesday in the United States and will be sold in an 8-pack containing four flavors (lime, grapefruit, passionfruit and strawberry) for a suggested retail price of $21.99. High Noon Tequila Seltzer hits shelves on Wednesday. Or course, High Noon Tequila Seltzer isn’t the first tequila-based premixed cocktail. Gallo jumped on the canned cocktail craze in 2019 with High Noon, a vodka base mixed with several types juice including lime, lemon and mango.
☆ Molson Coors told to pull Miller Lite ad that implies rival light beers 'taste like water'
  + stars: | 2023-02-26 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
Molson Coors has been told to pull an advert that implies rival light beers "taste like water." The NAD recommended that Molson Coors discontinue its 2022 ad promoting Miller Lite that said "light beer shouldn't taste like water. The 15-second spot shows a man cycling up a hill before stopping and pouring an "extremely lite beer" on himself. In 2019 AB InBev was sued by Molson Coors over a Super Bowl ad campaign highlighting the use of corn syrup in the brewing process for Miller Lite and Coors Lite. Molson Coors and AB InBev didn't immediately respond to requests for comment from Insider made outside normal working hours.
☆ This week’s best performers include Nvidia and this tax stock
  + stars: | 2023-02-24 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Nvidia and software stock Ansys were the best performers this week, rising more than 7% each. Analysts see the stock trading in a tight range going forward, however, with the average price target for Nvidia implying upside of just 5%, FactSet data shows. Analysts expected earnings of $2.82 per share on revenue of $647 million, according to StreetAccount. The company's first-quarter earnings per share forecast of $1.53 to $1.71 after adjustments also topped a consensus estimate of $1.41 per share. Earlier this week, Wells Fargo analyst Michael Turrin said the stock could gain roughly 20% going forward.
☆ Molson Coors needs to stop comparing rivals' light beer to water, regulator says, in a win for Anheuser-Busch
  + stars: | 2023-02-24 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +3 min
Molson Coors should no longer compare its rivals' beers to drinking water, a regulatory body says. "We believe light beer should taste like beer, not water, and we are well within our right to share that belief," a spokesperson said. "We have appealed the NAD's decision and will proudly continue to make light beer that tastes like beer." The ad highlighted the fact that Anheuser-Busch's Bud Light isn't made with corn syrup, which Molson Coors said unfairly targeted Miller Lite and Coors Light. The court sided with Molson Coors, but a federal appeals court later overturned the ruling in favor of Anheuser-Busch.
☆ Molson Coors must stop saying rival beers taste like water, regulator says
  + stars: | 2023-02-24 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: 1 min
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☆ Molson Coors Told to Stop Saying Rivals’ Beer Tastes Like Water
  + stars: | 2023-02-23 | by ( Patrick Coffee | ) www.wsj.com   time to read: +4 min
Brewer Anheuser-Busch InBev SA has scored at least a temporary win in the long-running battle over light beer brands’ marketing claims. BBB National Programs’ National Advertising Division, an ad-industry self-regulatory group, determined that Molson Coors Beverage Co. should stop marketing its light beer products by implying that those produced by rivals have little or no flavor. Molson Coors plans to appeal, according to Chief Communications Officer Adam Collins. A final decision in the Molson Coors case should come down next month, she said. In 2019, Molson Coors sued AB InBev over a Super Bowl campaign highlighting the fact that Miller Lite and Coors Light use corn syrup in the brewing process.
☆ Stocks making the biggest moves midday: Home Depot, DocuSign, General Mills and more
  + stars: | 2023-02-21 | by ( Pia Singh | ) www.cnbc.com   time to read: +3 min
Home Depot also provided a muted outlook for fiscal 2023 and expects sales growth to be approximately flat due to a tougher consumer backdrop and a pivot away from goods toward services. Nordson reported sales of $610.5 million in the period and earnings per share of $1.95, excluding items. The company reported quarterly earnings of $1.30 per share, excluding items. That result beat analysts' earnings expectations of $1.07 per share, according to FactSet. The updated outlook includes organic net sales growth of about 10% and adjusted diluted per-share earnings growth of 7% to 8% in constant currency.
☆ Morning Bid: Too flashy?
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +3 min
A look at the day ahead in U.S. and global markets from Mike Dolan. If investors' big concern about the new year is that the U.S. economy is running too hot, then February's flash business surveys from around the world will do little to soothe nerves. U.S. markets return from Monday's Presidents Day holiday and the early readout on this month's factory and service sector activity tops the slate. Aside from Tuesday's business surveys, a reality check for U.S. retailers is due from Walmart and Home Depot's quarterly earnings - holding last month's red-hot retail numbers up to the light. In banking, HSBC (HSBA.L) rose 1.5% - bouncing back from early losses after announcing a surge in its quarterly profit.
☆ Jim Cramer's top 10 things to watch in the market Tuesday: Bond yields up so stocks drop to start week
  + stars: | 2023-02-21 | by ( Jim Cramer | ) www.cnbc.com   time to read: +3 min
Club earnings this week include Palo Alto Networks (PANW), TJX Companies (TJX), Nvidia (NVDA), Pioneer Natural Resources (PXD) and Coterra Energy (CTRA) as well as Bausch Health (BHC). Deere (DE) price target raised to $398 per share from $364 at Bernstein, which keeps market perform (hold) rating. Mizuho likes the Twilio (TWLO) pivot and takes price target up to $90 per share from $75. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Warren Buffett is missing out on this year’s market comeback
  + stars: | 2023-02-19 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +8 min
But the Oracle of Omaha has missed out on this year’s stock market rally. Buffett, in fact, has promoted that idea to investors many times, arguing that most individual stock pickers will not be able to beat the market. And to his credit, that usually pays dividends: Berkshire stock was up 3% last year in a down market. “High rates of inflation create a tax on capital that makes much corporate investment unwise,” Buffett said in his 1980 shareholder letter to Berkshire investors. Investors will get several more clues about consumer spending this week when several top retailers report earnings.
☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
  + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com   time to read: +7 min
Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.
☆ Super Bowl 2023: Eagles, Chiefs, Rihanna and a ton of commercials take center stage
  + stars: | 2023-02-12 | by ( Sarah Whitten Lillian Rizzo Mike Calia | Sarah Whitten | Lillian Rizzo | ) www.cnbc.com   time to read: +1 min
Kickoff for Super Bowl LVII is at 6:30 p.m. The Super Bowl is advertising's biggest stage, with companies jockeying for a limited supply of spots to get their products in front of millions of consumers' eyeballs. Fox said it raked in a record amount of Super Bowl ad revenue this year. Absent this year will be crypto companies. Last year, four cryptocurrency companies shelled out millions for commercial spots during the big game.
☆ Electric Ram pickup debuts in Super Bowl ad that pokes fun at rivals, sex-drug commercials
  + stars: | 2023-02-12 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
Ram's 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. DETROIT – Stellantis will air a 60-second Super Bowl ad for its Ram brand to indirectly take shots at the current all-electric vehicle market, specifically pickup trucks. "Are you excited about buying an electric vehicle but worry that it could leave you ... The ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale next year. Online reservations for the electric pickup, which debuted as a concept in January, also open Sunday.
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