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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Fed isn't ready to stop Investing mantra reminder Looking to buy 1. Smucker (SJM), Campbell Soup (CPB) and General Mills (GIS) are all companies that fit the Club's investing mantra. 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 .
CNBC's Jim Cramer on Wednesday recommended a slate of consumer staple stocks for 2023. "I'm not entirely convinced that we're headed for a recession next year, but we're definitely looking [at] a meaningful slowdown,and that's terrific for the consumer staples," he said. Consumer staple companies will "be able to keep putting up solid earnings growth even as most other industries will experience down numbers," Cramer said. Campbell SoupCampbell Soup is the third-best performing consumer goods stock this year, and with good reason, according to Cramer. Estee LauderThe prestige beauty company stock will likely roar higher with China poised to reopen its economy, Cramer predicted.
Campbell Soup was among the best performers of the week, adding 5.2% and hitting a 52-week high Friday. Just 5% of analysts rate the stock as a buy, and the average analyst expects its share price to decline 9.7%. Just over 40% off analysts also rate the stock a buy, with the average price target implying a 0.7% upside. The stock is more favored on Wall Street, with 65% of analysts giving it a buy rating with an average upside of 2.5%. However, just 22% of analysts rate the stock as a buy, with an average price target implying an upside of 3.5%.
Campbell’s Turnaround Has Reached Full Boil
  + stars: | 2022-12-07 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Campbell Soup has gone from one of the most troubled companies in the packaged-food sector to one of the strongest. That may be partly luck, as both the pandemic and the current inflationary environment turned out to be favorable for its portfolio of soup, sauce and snack brands. But it is also a vindication of the leadership of Chief Executive Mark Clouse , who chose to invest in some of the company’s aging brands that prior leaders seemed nearly ready to give up on.
Campbell Soup Raises Outlook After Sales Rise 15%
  + stars: | 2022-12-07 | by ( Dean Seal | ) www.wsj.com   time to read: 1 min
The maker of Campbell’s soup and other products says it has been able to mitigate pressures from rising input and supply-chain costs. Campbell Soup Co. boosted its outlook after sales and profit rose at double-digit rates in its fiscal first quarter as the company kept raising prices to offset rising costs. The soup and snack maker said Wednesday that sales jumped 15% to nearly $2.6 billion in the quarter ended Oct. 30, topping analyst projections of $2.45 billion, according to FactSet. The top-line growth was once again driven by higher prices, though volumes, which have been shrinking as prices rise, fell 1%.
Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Pinterest (PINS) – Pinterest rose 1.2% in premarket trading after an official from activist investor Elliott Management was added to the image-sharing website operator's board of directors. Carvana tumbled 18.2% in premarket trading. Dave & Buster's (PLAY) – Dave & Buster's shares slid 3.9% in premarket action even though its quarterly profit matched analyst estimates. Airbnb (ABNB) – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal-weight.
MongoDB — The database platform surged almost 22% following the company's quarterly results. State Street — Shares of the asset manager jumped more than 8% after the company announced a new buyback plan. Toll Brothers — Shares of the luxury homebuilder rose 7% after the company reported quarterly results. Chinese tech stocks — Shares of U.S. listed China stocks declined even as Beijing announced it will lift some Covid restrictions. Airlines — Airline stocks fell as a group during midday trading.
Morning Bid: Crude deflation?
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +4 min
With everyone on Wall St seemingly hand wringing about stagflation next year, the price of crude oil has plummeted by up to 10% this week to its lowest since early January - offering some relief in an otherwise murky outlook. Crucially for inflation worriers, year-on-year crude price gains - which were running at 50-100% between February's Ukraine invasion and midyear - have now fallen to just 4% and could soon be a disinflationary force in consumer price baskets. But, contrary to many prior energy market assumptions, the impact of Monday G7's Russian oil price cap at $60pb for seaborne crude is anchoring prices and underscoring massive discounts for Russia oil - already selling for as low as $55pb. The Bank of Canada is the latest on the list on Wednesday and expected to hike rates by another half point, as are the Federal Reserve, European Central Bank and Bank of England next week. European and Asia bourses - even Shanghai and Hong Kong despite the lifting COVID restrictions - were in negative territory too.
There are few top executives who draw as much attention and speak as freely as Jamie Dimon, the CEO of JPMorgan. "Inflation is eroding everything…and that $1.5 trillion will run out sometime mid-year next year," Dimon said. Never one to mince words, Dimon then blasted the cryptocurrency sector when asked what he thought of the FTX collapse. Meanwhile, days after the EU's $60 per barrel price cap kicked in, oil prices slumped to levels not seen since before the invasion of Ukraine. There's been much debate about how the measure will alter oil prices moving forward — but PIMCO commodities strategist Greg Sharenow said it's going to come down to three factors.
Stock futures are flat on Tuesday night
  + stars: | 2022-12-06 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +1 min
Stock futures were little changed Tuesday night. Futures tied to the Dow Jones Industrial Average were up 36 points, or 0.1% while S&P 500 futures and Nasdaq 100 futures were each up 0.1%. The S&P 500 and Nasdaq Composite lost 1.4% and 2%, respectively. The moves came as investors lost hope that the Federal Reserve will be able to engineer a soft landing. On Wednesday, the Mortgage Bankers Association will release its weekly report of mortgage loan applications.
This is not the first crypto winter, as long-term fans of bitcoin can attest. “It is very clear that we as an industry need to build better products,” said Hany Rashwan, CEO of 21.co, a crypto investment firm. That’s about triple where prices were during the depths of the crypto bear market in the early pandemic days of 2020. Others point out that the underlying blockchain technology behind bitcoin and crypto remains solid. Pride and Reynolds added that it’s erroneous to think that bitcoin can hold up well during stock market volatility.
But if the job market stays strong and inflation stays tame, we could be in for still one more very good week," he said. Tuesday: AutoZone, Toll Brothers, SentinelOneAutoZoneQ1 2023 earnings release at 6:55 a.m. Wednesday: Campbell Soup, Ollie's Bargain Outlet Holdings, Brown-Forman, Lowe'sCampbell SoupQ1 2023 earnings release at 7:30 a.m. Brown-FormanQ2 2023 earnings release at 8 a.m. ETProjected EPS: $1.96Projected revenue: $1.81 billionCramer said he's betting Lululemon will beat Wall Street expectations in its latest quarter.
Driving the action were several key economic reports, including the November ADP employment and nonfarm payrolls reports and the October personal spending report. The comments came after a softer-than-expected ADP employment report, but before a stronger-than-expected nonfarm payrolls report. With these kinds of mixed signals, expect more market choppiness as investors remain on the hunt for more definitive signs that the Fed is winning its war on inflation and can therefore definitively ease up on their hawkish stance. Initial jobless claims for the week ending Nov. 26 were 225,000, a decrease of 16,000 from the prior week and below expectations of 235,000. Finally, on Friday the all-important nonfarm payrolls report was released, indicating a 263,000 payrolls increase in November, above the 200,000 expected.
Markets could be volatile and in search of a catalyst in the week ahead, as investors consider year-end trades in the lull before the Federal Reserve's December 13-14 policy meeting. Stocks were higher in the past week, with the year's worst performing sectors, communications services and consumer discretionary companies, leading the gains. On the geopolitical front, Arone said investors will watch the Dec. 6 runoff election in Georgia's senate race . Week ahead calendar Monday Earnings: Sumo Logic , Gitlab 9:45 a.m. Services PMI 10:00 a.m. ISM services 10:00 a.m. Initial jobless claims 10:00 a.m. Quarterly services survey Friday 8:30 a.m. PPI 10:00 a.m. Consumer sentiment 10:00 a.m. Wholesale trade
Phoenix-based VIP's toy mimics the design of the Jack Daniel's bottle with comical dog-themed text alterations, like replacing "Old No. After Jack Daniel's sent a cease-and-desist notice, VIP asked an Arizona federal court in 2014 to rule that its toy did not infringe the whiskey company's trademark rights. Circuit Court of Appeals in 2020 overturned a judge's ruling in favor of Jack Daniel's, finding that VIP's toy was a creative work with a "humorous message" that was entitled to First Amendment protections. The Supreme Court last year rejected a request by Jack Daniel's to reconsider that ruling. Jack Daniel's told the high court that the decision made it "virtually impossible to stop misleading or tarnishing use of a mark whenever a copycat deploys 'humor.'"
As the host of the radio program the "The CEO Show" for the last 15 years, I've interviewed more than 1,000 of the world's top CEOs. These leaders all come from different backgrounds and have run very different companies, from Proctor & Gamble to Dunkin' Brands to LinkedIn. Robert Sanchez became CEO of Ryder System, a multibillion-dollar transportation and supply chain solutions company, in 2013. Nearly all the CEOs I talked to listed collaboration skills as one of their most desired traits in an employee. So rather than being offended, "any time someone interrupted me, I actually saw it as a positive opportunity," he said.
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.
The case centers on how courts decide when an artist makes "fair use" of another's work under copyright law. The Supreme Court will hear arguments in the estate's appeal of a lower court's decision favoring Goldsmith. The Supreme Court's eventual decision could have broad or narrow implications for fair use depending on the ruling, Tushnet said. The Warhol estate told the Supreme Court the 2nd Circuit's decision "casts a cloud of legal uncertainty over an entire genre of visual art, including canonical works by Andy Warhol and countless other artists." Goldsmith's lawyers told the Supreme Court that a ruling favoring the foundation would "transform copyright law into all copying, no right."
Ford Motor , General Motors — Shares of Ford and GM fell 7% and 5% respectively, after UBS downgraded both stocks. The firm lowered Ford to a sell rating from neutral and cut GM to a neutral from a buy. Casino stocks — Shares of hotel and casino companies were the top decliners in the S&P 500, with Wynn Resorts down 11.6% and Las Vegas Sands losing 8.5%. Kraft Heinz — The food maker's shares rose 2% after Goldman Sachs upgraded them to buy from neutral, noting that higher profit margins haven't been fully priced into the stock. Merck — Shares of the pharmaceutical giant rose 2.8% after Guggenheim upgraded Merck to buy from neutral.
Is Beyond Meat beyond saving?
  + stars: | 2022-09-28 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +4 min
Companies like Beyond Meat, rival Impossible and plant-based milk producer Oatly are still doing big deals with supermarket chains and restaurants to get their products on store shelves and menus. But in the company’s most recent earnings call, Beyond Meat CEO Ethan Brown conceded that the company (and the industry) faces challenges. Inflation is a problem for plant-based food biz too“We went from a pandemic into record inflation,” Brown said. “After years of growth, plant-based meat sales in the United States are stagnating,” said consulting firm Deloitte in a recent report. So there is nothing fake about Wall Street’s concerns regarding the big drop in demand for “fake” meat and milk.
Investors this week turned to companies that make recession-proof stuff like cereal and soup, as fears of a potential economic recession mounted. General Mills was the top performing stock this week. Hershey advanced 1.7% this week and is forecasted to have roughly 5% upside to its price target, according to FactSet. Campbell Soup was the third best-performing stock this week, up 2.8%. Still, the food company is recommended by just 5.3% of analysts on FactSet, and is expected to have 2.2% downside to its price target.
The New Berlin, N.Y.-based company, known for its Greek-style yogurt, on Thursday named Tarkan Gürkan as chief financial officer. Mr. Gürkan stepped into the role on an interim basis in June after former CFO Jody Macedonio stepped down the same month. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. PREVIEWMr. Gürkan previously served as chief investment officer at the family office of Chobani founder and Chief Executive Hamdi Ulukaya. An IPO is still on the table, the spokeswoman said, adding that Mr. Gürkan will help take the company public if market conditions improve.
That's the point: A lot of bad news is already priced into Microsoft. Same with Alphabet, also an EPS and revenue miss, with the slowest revenue growth in two years. Collectively, those stocks comprise more than 30% of the market cap of the S & P, and yet the S & P is only down 17%. How is it possible the S & P 500 is down only 17% when 7 of the biggest stocks are down 31%? Of course, just because tech has been in a bear market doesn't mean it can't go deeper in a hole.
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.
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