DIRS.INFO The most relevant business & tech news

☆ 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.

☆ Here are Friday's biggest analyst calls: Amazon, VF Corp, Deere, Netflix, Rivian, Nvidia & more
▼ + stars: | 2023-04-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on the stock. "Our Buy rating is based on: 1) positive feedback from our proprietary Sleep survey that points to healthy underlying US volumes, 2) lingering pent-up demand due to US staffing shortages." William Blair reiterates Charles Schwab as outperform William Blair said it's standing by its outperform rating on the stock heading into earnings next week. Barclays reiterates Disney as equal weight Barclays said it sees slowing streaming growth heading into Disney earnings in early May. " Stifel reiterates Microsoft as buy Stifel said it's standing by its buy rating on Microsoft heading into earnings later this month.

April 12 (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April, and toymaker Hasbro Inc (HAS.O) said she would take over as its finance chief. Harley issued a statement saying that Vice President, Treasurer David Viney will serve as interim CFO after Goetter's departure on April 28. Shares of the company were down 2.8% in extended trading after falling more than 6% on Wednesday. After cutting hundreds of jobs in 2020, Harley has either beaten or met Wall Street earnings forecasts in recent years, while navigating high inflation and supply chain constraints. Hasbro said Goetter will assume the role as CFO on May 18, succeeding Deborah Thomas at the company that makes Transformers action figures.

April 12 (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April to pursue another job. The Milwaukee-based company said Vice President David Viney will take over as interim CFO after Goetter's departure on April 28. Shares of the company fell 6.3% in extended trading. Before joining Harley, Goetter held top finance roles at meat company Tyson Foods Inc (TSN.N) and cereal maker General Mills Inc. (GIS.N)The company did not respond to a request for additional information. After cutting hundreds of jobs in 2020, Harley has either beaten or met Wall Street earnings forecasts in recent years.

☆ Walmart is cheaper than Dollar General for groceries
▼ + stars: | 2023-04-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Dollar General has hiked food prices more than Walmart and Kroger, Bank of America analysts found. The study documented prices on a range of grocery items in February at retailers in Dallas, including Walmart, Kroger, Target, Dollar General, and Aldi, among others. At Dollar General, prices rose 36%, the steepest increase of all the retailers, Bank of America analysts Robert Ohmes and Kendall Toscano wrote. A comparable selection at Target totaled $194.15, while the cost at Dollar General was $201.14. Do you work or shop at a Dollar General and have a story to share?

☆ Software giant Oracle and five consumer names are among Wall Street’s most overbought stocks
▼ + stars: | 2023-04-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

A stock is considered overbought if its 14-day RSI goes above 70, meaning investors should consider easing their exposure. Meanwhile, a stock with a 14-day RSI under 30 is considered oversold, meaning it may want more to that name. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Oracle topped the list with a 14-day RSI of 95.6. FRC 1M mountain FRC this past month Other stocks approaching oversold territory are Charles Schwab , Digital Realty , Applied Materials , AMD , C.H.

CNBC Pro looked at the 100-day rolling correlations of S & P 500 stocks to West Texas Intermediate futures to see which names tend to follow oil the closest. In other words, when oil rises, these stocks tend to follow it higher. Clorox and General Mills both have negative current correlations to oil. In other words, when oil rises, these stocks have fallen lately. Both stocks are underperforming oil this week, with Clorox losing 0.1% and General Mills advancing just 1.7%.

☆ Strong management can help companies 'change their stripes,' Jim Cramer says
▼ + stars: | 2023-04-06 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Strong management can make all the difference for a company to "change their stripes" in a corporate pivot, CNBC's Jim Cramer said on Thursday. Cramer pointed to Costco as a prime example of the difference capable management can make. A bevy of other, non-retail companies are suffering as well, Cramer said, including medical-technology company Medtronic and industrial concern 3M . There's hope in the food companies, Cramer noted, pointing to stark evolutions from JM Smucker and Campbell Soup , both of which have rebalanced towards snack foods. But at a well-managed company like Costco, Cramer has no concerns.

☆ Senators ask 27 CEOs to make sure their companies comply with child labor laws
▼ + stars: | 2023-04-05 | by ( Laura Strickler | ) www.cnbc.com time to read: +7 min

The company entered into an agreement with the agency pledging compliance with child labor laws and consented to third-party oversight. This is the second Senate inquiry citing NBC News reporting on child labor. JBS has zero tolerance for child labor, discrimination or unsafe working conditions for anyone working in our facilities. In a local newspaper editorial, Hearthside CEO Darlene Nicosia wrote the revelation of child labor was "a shock and major disappointment to us." Hearthside is in the midst of a 60-day independent review of child labor practices by an outside law firm, according to a spokesperson.

☆ A post-Covid spending hangover means you have to be more selective with pet plays, Cramer says
▼ + stars: | 2023-03-31 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

A Covid hangover is upon us, which means we just don't do things we did during lockdown, CNBC's Jim Cramer said on Friday. Pets may be subtle casualties of the current "long on money, short on time" spending mode, Cramer said. "Now you have to be more selective with the pet plays," Cramer said. Pure pet plays like Petco and Chewy have become "two of the most controversial stocks in the entire market," Cramer said. Smucker is also "another good safety play with a pet food kicker" that can work its way higher, Cramer said.

☆ Walmart is cheaper than Dollar General for groceries, as the dollar chain hikes prices faster than its rivals
▼ + stars: | 2023-03-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Dollar General has hiked food prices more than Walmart and Kroger, Bank of America analysts found. At Dollar General, prices rose 36%, the steepest increase of all the retailers, Bank of America analysts Robert Ohmes and Kendall Toscano wrote. At Family Dollar, another chain of dollar stores, it was $203.67." Consumers have also turned to Dollar Stores, given their reputation for inexpensive stuff, CNBC reported in February. Do you work or shop at a Dollar General and have a story to share?

☆ General Mills CEO Jeff Harmening on latest earnings and guidance
▼ + stars: | 2023-03-29 | 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 EmailGeneral Mills CEO Jeff Harmening on latest earnings and guidanceGeneral Mills CEO Jeff Harmening joins 'Squawk on the Street' to discuss the company's latest earnings and guidance.

☆ Watch CNBC's full interview with General Mills CEO Jeff Harmening
▼ + stars: | 2023-03-29 | 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 EmailWatch CNBC's full interview with General Mills CEO Jeff HarmeningGeneral Mills CEO Jeff Harmening joins 'Squawk on the Street' to discuss the company's latest earnings and guidance.

☆ Jim Cramer's top 10 things to watch in the stock market Monday: Bank rescue, Salesforce truce, Nvidia boost
▼ + stars: | 2023-03-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

GIS gets from price target bumps on Wall Street. Pioneer Natural Resources (PXD) sees price target cut at Raymond James, which goes to $241 per share from $300. RH (RH), the company formerly known as Restoration Hardware, price target cut to $245 per share from $335 at Wedbush. Wingstop (WING) cut to underperform (sell) from hold at Jefferies, which kept its $160-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The banking crisis is doing Fed's work and creating a window for stocks to rally
▼ + stars: | 2023-03-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Work from home has in part jacked up food prices, and the increase is about 14% above just last year. The only bank that looks like Silicon Valley Bank is First Republic Bank (FRC) because it, too, has suffered huge deposit withdrawals. Nike (NKE)said China orders were good, so did Club stock Starbucks (SBUX). As counterintuitive as it is, the banking row will give the 4.8% fed funds rate a chance to cool consumer spending. This gives stocks a window to advance until we begin earnings season with what will no doubt be a cautious banking sector.

☆ General Mills raises 2023 forecasts again on price hike boost
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

March 23 (Reuters) - General Mills Inc (GIS.N) on Thursday raised its fiscal 2023 forecasts for a fourth time after beating estimates for quarterly results, helped by price increases and steady demand for its packaged-food products. General Mills' organic sales in the third quarter rose 16%, helped mainly by higher prices, while volumes remained flat. General Mills had most recently lifted its annual organic sales and profit expectations in February. The company said on Thursday it now expects organic net sales to rise 10% to 11% in fiscal 2023, compared to its earlier forecast of about 10% growth. Excluding one-off charges, General Mills earned 97 cents per share, compared with estimates of 93 cents.

☆ Morning Bid: Central banks try to see through stress
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanEven with a nod to greater banking stress, the major central banks all seem determined to tighten the monetary screw another notch. With Treasury Secretary Janet Yellen's pushback against suggestions of a blanket insurance of all U.S. banking deposits unnerving investors again after the Fed decision, few believe the financial stress has fully dissipated. Even though stock markets swooned after the Yellen comments on Wednesday, S&P500 futures were back up smartly ahead of Thursday's open. European bourses and banking stocks were only a touch lower in the face of the latest European rate rises. The dollar hit its lowest since early February but regained its footing ahead of the U.S. open and BoE decision.

☆ The Fed hiked rates further but Wall Street is already pointing to tighter conditions on the ground
▼ + stars: | 2023-03-23 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Between fighting inflation or the bank crisis, the Federal Reserve leaned toward the former. Wednesday's move comes despite the bank crisis, which previously led investors to price in a series of Fed rate cuts starting this summer. Indeed, Wall Street has started pointing to the facts on the ground when it comes to financial conditions. The banks are still tightening credit conditions and … non-bank lenders are as well," he told Bloomberg TV hours before the Fed meeting. Billionaire investor Mark Mobius says he is "very, very skeptical" of investing in bank stocks.

☆ S&P 500 futures are slightly higher as investors weigh Fed outlook on rate hikes: Live updates
▼ + stars: | 2023-03-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S. equity futures were slightly higher on Wednesday evening as traders digested the latest policy update from the Federal Reserve. Futures tied to the Dow Jones Industrial Average added 71 points, or 0.2%. S&P 500 futures rose 0.2%and Nasdaq 100 futures advanced by 0.1%. The Fed's decision and subsequent comments by Chair Jerome Powell at the conclusion of the policymakers' two-day meeting weighed on stocks. "Investors thought the banking crisis could weigh on growth enough to ease inflation, but the Fed isn't taking any chances.

☆ These are our two preferred scenarios for the Fed's big March meeting next week
▼ + stars: | 2023-03-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Two things will capture all the market's attention in the coming week: The Federal Reserve's March meeting and the government's ongoing attempt to quell worries about the banking system. If it raises, Powell should speak softly; no raise and Powell should strongly remind the market that the work isn't done. Still, for the week, U.S. stocks fared better, with the S & P 500 rising 1.5% and the Nasdaq gaining 4.5%. On Thursday, initial jobless claims for the week ended March 11 came in at 192,000, a decrease of 20,000 from the prior week and below the expected 205,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Companies are now working to measure how soil stores carbon as they encourage farming techniques that reduce emissions across their sprawling supply chains. Regenerative practices can increase soil nutrients and yields while also absorbing carbon dioxide from the air, scientific studies say. PREVIEWMany of the world’s biggest food companies, including General Mills Inc. and Nestlé SA, are working with farmers to promote the practices. The company aims to have 20% of its key ingredients sourced from regenerative agriculture by 2025 and half by 2030. General Mills is now working to include the soil carbon and emissions data into its annual footprint.

☆ The White House is cracking down on companies illegally using migrant children to fill the labor shortage as 15-year-olds pack Cheerios and 13-year-olds change your hotel sheets
▼ + stars: | 2023-02-28 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +7 min

The New York Times reported last week that companies across the US are exploiting the labor of migrant children. The investigation comes as multiple states seek to loosen child labor laws to address the labor shortage. The Times reported that the use of child labor is prevalent across a number of prominent brands in the US, highlighting J. The Labor Department has found some of these companies, such as ice cream staple Ben & Jerrys, guilty of child labor violations before. Economists say that during a labor shortage, paring back child labor laws is a common phenomenon in the US.

☆ 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.

☆ FDA says sugary cereal and white bread no longer 'healthy'
▼ + stars: | 2023-02-23 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Those changes mean that food companies could no longer market white bread as well as sugary cereals and yogurt as "healthy," according to the FDA. Sources of omega-3 fatty acids such as fish, for example, would get the "healthy" designation because of potential health benefits from that type of fat. The revised definition of "healthy" isn't a requirement for food companies, according to the FDA. Even so, many food companies closely follow nonbinding FDA guidelines. Another set of proposed FDA guidelines for plant-based milks, for example, drew ire from the dairy industry this week.

☆ Unilever Tries Reformulating Its Ice Cream to Survive Warmer Freezers
▼ + stars: | 2023-02-22 | by ( Katie Deighton | ) www.wsj.com time to read: +6 min

Keeping ice cream at 10 degrees as opposed to zero will reduce energy use and greenhouse gas emissions by roughly 20% to 30% per freezer, it said. Unilever’s out-of-home ice cream sales declined slightly during the fourth quarter of 2022 because, the company said, some stores unplugged their freezers sooner in the year than usual. Higher temperatures can lead to softer ice creams that stick to wrappers and slide off ice cream sticks, for example, said Andrew Sztehlo, chief research and development officer for Unilever’s ice cream division. The warming program isn’t designed to sweat competitors out of Unilever freezers, which some shopkeepers fill with an assortment of brands that don’t carry the Unilever logo, Mr. Sztehlo said. Representatives from ice cream makers Nestlé SA, Mars Inc., General Mills Inc. and Froneri International Ltd. declined to comment.

Search resuls for: "General Mills"

25 mentions found