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☆ 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.

☆ Final Trades: General Mills, Nextera Energy, Freeport-McMoRan & more
▼ + stars: | 2023-02-21 | 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 EmailFinal Trades: General Mills, Nextera Energy, Freeport-McMoRan & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Three-Stock Lunch: Regeneron, General Mills and DocuSign
▼ + stars: | 2023-02-21 | 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 EmailThree-Stock Lunch: Regeneron, General Mills and DocuSignEva Ados, chief investment strategist at ERShares, joins ‘Power Lunch’ to discuss Regeneron, General Mills and DocuSign.

☆ Stocks making the biggest premarket moves: Walmart, Home Depot, Vir Biotechnology and more
▼ + stars: | 2023-02-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Walmart — Walmart shares fell about 4% before the bell after sharing a cautious outlook for the year as consumers trade down and purchase fewer discretionary items. Home Depot — The retail stock dropped 4% in premarket trading after Home Depot's fourth-quarter report showed lighter-than-expected sales. Home Depot reported $3.30 in earnings per share on $35.83 billion of revenue. Vir Biotechnology — The immunology company jumped nearly 11% after being upgraded to buy from neutral by Goldman Sachs. HSBC cited strong reported revenue growth and lower reported operating expenses.

☆ 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.

☆ Walmart sees lower 2023 performance in time of economic uncertainty
▼ + stars: | 2023-02-21 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

"There's still a lot of trepidation and uncertainty with the economic outlook. "So, that makes us cautious on the economic outlook because we simply don't know what we don't know." Home Depot (HD.N) also forecast weaker-than-expected annual profits on Tuesday as soaring prices hit demand for home-improvement products. They want the allure of savings and Walmart provides that," said McNew, whose firm holds about 350,000 Walmart shares. Walmart signs are displayed inside a Walmart store in Mexico City, Mexico March 28, 2019.

☆ Kroger is texting and emailing former staff to try to make them 'boomerang' back after leaving, report says
▼ + stars: | 2023-02-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Kroger is texting and emailing ex-workers to encourage their return amid a wider labor shortage. Associated Wholesale Grocers is messaging former workers on Facebook and LinkedIn to get them back. Manufacturer General Mills has a pilot program to bring retirees back to fill staffing gaps. Associated Wholesale Grocers is messaging ex-workers on Facebook and LinkedIn and the average number of rehires has increased four-fold. Kroger, General Mills and Associated Wholesale Grocers didn't immediately respond to requests for comment from Insider made outside normal working hours.

☆ Food Companies to Ex-Employees: Come Back, Please
▼ + stars: | 2023-02-18 | by ( Jesse Newman | Jaewon Kang | ) www.wsj.com time to read: 1 min

Kroger has been reaching out to some ex-employees via text and email, helping lift the company’s staffing to near its prepandemic level. The U.S. food industry is tapping a new pool of workers to staff plants and grocery warehouses: their former employees. Kroger Co., the biggest U.S. supermarket operator by sales, is staying in touch with ex-employees and bringing some back. Cereal maker General Mills Inc. has persuaded some retirees to return to plant jobs, and other food-company recruiters have combed social media for former workers who might be open to coming back.

☆ Evercore ISI says look for these value names with momentum to outperform as inflation falls
▼ + stars: | 2023-02-06 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

He screened the Russell 1000 for "valmentum" stocks that he expects will outperform and have characteristics of both growth and value. Stocks on the list have a high level of short interest, as well as good growth momentum and strong free cash flow yield, which is a value trait. It's a stock picker's market," said Emanuel, who heads Evercore ISI equity, derivatives and quantitative strategy. Airbnb has an estimated free cash flow yield of 5% and expected earnings growth this year of more than 9%. Booking's free cash flow is expected to be 5.4% this year, and its earnings are expected to grow 26.4%.

☆ Sustainable Packaging Is Sometimes Doubling as Easier-to-Open Packaging
▼ + stars: | 2023-02-03 | by ( Katie Deighton | ) www.wsj.com time to read: +7 min

Sarah Ryan Hudson found the Barbie’s Dr. Jane Goodall packaging to be a welcome departure from the hard-to-open versions of her youth. The costs involved in overhauling packaging systems also made them reluctant to change for the benefit of a less-finicky opening experience. To be sure, shifts toward more sustainable materials haven’t made packaging easier to use across the board, and campaigners for widely accessible packaging say companies aren’t moving to provide it quickly enough. The company’s Gillette razor brand in 2021 began selling some razors in cardboard packaging with a pulp tray, rather than in plastic blister packs and trays. Colgate-Palmolive Co. in 2019 introduced a recyclable Colgate toothpaste tube, using a high-density polyethylene material without aluminum, said Greg Corra, Colgate-Palmolive’s worldwide director of global packaging and sustainability.

☆ Amazing start to the year for stocks, but warning signs are flashing
▼ + stars: | 2023-02-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Amazing start to the year for stocks, but there are warning signs. "In seven of the ten other instances [where the S & P was up at least 7% by Feb. 2nd], the S & P continued higher for the remainder of the year," according to Jeffrey Yale Rubin, director of research at Birinyi. In eight of the 10 years where the S & P was up at least 7% by Feb. 2nd, the S & P moved at least 10% in the remainder of the year, according to Rubin. It is fairly unusual for major indexes like the Nasdaq and S & P 500 to go into overbought territory. while tech stocks have been heavily bought (the Nasdaq-100, a barometer of tech interest, is up 17% year to date).

☆ Jim Cramer says J.M. Smucker is the only new 'dividend aristocrat' worth buying
▼ + stars: | 2023-01-31 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday said that investors should consider adding J.M. Smucker stock to their shopping lists. Robinson and J.M. Smucker qualified for the S&P 500 Dividend Aristocrats and will be added to the index on Feb. 1, the S&P Dow Jones Indices said earlier this month. Smucker stock is also a great choice for investors worried about how the Federal Reserve's interest rate hikes could slow down the economy, he added.

☆ General Mills upgraded to buy at UBS after recent underperformance creates attractive entry point
▼ + stars: | 2023-01-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

General Mills was upgraded to buy from neutral at UBS, which said it's optimistic about the outlook despite the stock's rocky performance, and investor concerns are overblown. The Pillsbury and Cheerios maker's stock has fallen 12% since mid-December, UBS said, vs. a 5% loss for peers, UBS said. "Investors are concerned that structural headwinds are beginning to form in Pet," analyst Cody Ross wrote in a note, referring to the pet food business. UBS foresees strong consumer demand for upgraded dog food in coming years, driving market growth of 5%. This will be critical in helping General Mills achieve 2% long-term sales growth, the note added.

☆ Here are Friday's biggest analyst calls: Intel, Apple, Amazon, McDonald's, Tesla, Sunrun, Meta & more
▼ + stars: | 2023-01-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Citi reiterates Apple as buy Citi says it's sticking with its buy rating heading into earnings next week. We maintain our Buy rating." Citi reiterates Intel as neutral Citi says it's standing by its neutral rating on the stock, but that Intel's earnings report on Thursday was "bad news." Wells Fargo reiterates Amazon as overweight Wells says it's standing by its buy rating heading into Amazon earnings on February 2. Argus reiterates Tesla as buy Argus says it's sticking with its buy rating after the company's earnings report earlier this week.

Here are Insider's 2023 rising stars of brand marketing. These marketers adapted to a tough economy, explored new media channels, and grew brand awareness. They come from established companies like Procter & Gamble and newer startups like Instacart. They hail from established companies like Coca-Cola and General Mills and newer startups like Uber and Instacart, and all show the potential to be the industry leaders of the future. Scroll on to see the 26 rising stars of brand marketing, listed alphabetically.

☆ Conagra CFO Doesn’t See Need for Big Price Increases in Near Term
▼ + stars: | 2023-01-13 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

Photo: Conagra Brands“We won’t have any more significant price increases unless our cost, our inflation estimate, starts to go back up,” Mr. Marberger said. The reading comes amid moderating price increases after a peak of 9.1% in June. I never, ever remember that kind of a price increase,” Mr. Marberger said. “They are now turning the corner and from here are going to need less rapid price increases, unless some other price shocks occur.”Conagra’s sales volumes fell 8.4% for the quarter ended Nov. 27 as customers responded to the price increases, the company said. “And that plays well for us.”Overall, Conagra’s customers—which include retailers Walmart Inc. and Kroger Co. —have accepted the price increases, Mr. Marberger said.

☆ 2 brothers quit their Wall Street jobs to build ETFs that help everyday investors reach their money goals. They explain how a Ray Dalio-inspired strategy helped their funds outperform the S&P 500 in 2
▼ + stars: | 2023-01-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Brothers Taylor and Brett Sohns have worked on Wall Street for most of their careers. These parameters can be found in what's called the "prospectus," which is a document that outlines the ETF's investment strategy and potential risk. Consider the process of buying cereal, explained Taylor: "Say you want Lucky Charms. The S&P 500 is down about 18% year-to-date, so we're outperforming that by about 5%," explained Taylor. While you may not do exceptionally well, you'll also never do exceptionally bad, explained Taylor: "In a rip-roaring up market, his product and our product will underperform.

☆ Cargill CFO Resigns as Company Reshuffles Leadership
▼ + stars: | 2023-01-10 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Cargill Inc. said its chief financial officer, Jamie Miller, is stepping down for another opportunity as the agricultural giant reshuffles its executive leadership. Ms. Miller will leave Cargill on Jan. 13, the Minneapolis-based company said on Monday. Jamie Miller, chief financial officer of Cargill, is set to leave the company on Jan. 13. Photo: CargillCargill has begun an external and internal search for Ms. Miller’s successor, according to a spokeswoman. The spokeswoman said Ms. Miller is leaving Cargill for a job on the East Coast and to be closer to family.

☆ Conagra Brands raises 2023 forecast on price increases
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

Shares of the company, known for its brands Birds Eye and Chef Boyardee, rose about 4% in premarket trading. But people have accepted the higher prices with little push back, as they find eating out far more expensive than cooking at home. On Thursday, Conagra forecast a 7% and 8% rise in full-year 2023 organic sales, which excludes impact from foreign exchange, divested businesses and acquisitions, compared with the previous expectation of 4% to 5% growth. Conagra said its higher average selling prices boosted organic sales by 17%, offseting an 8.4% decline in sales volumes in the second quarter. Net sales rose to $3.31 billion, while analysts had expected $3.28 billion in sales.

TORONTO, Dec 28 (Reuters Breakingviews) - Like dogs seeking forever homes, stray pet businesses will find new owners in 2023. After a surge in Covid-19 lockdown adoptions, some seven out of 10 U.S. households owned one, according to a recent survey by The American Pet Products Association. Nestlé (NESN.S) boss Mark Schneider, for one, said he is open to opportunities in pet food, while Colgate-Palmolive (CL.N) recently bought additional manufacturing facilities to beef up its Hill’s Pet Nutrition division. Privately held Mars, which acquired Canada-based Champion Petfoods and Nom Nom, also could be on the hunt. Separately, Mars also agreed to acquire pet food brand Nom Nom for an undisclosed price, Bloomberg reported on Jan. 14.

☆ Jim Cramer's Investing Club meeting Friday: Fed strategy, Club mantra, buying opportunities
▼ + stars: | 2022-12-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

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 .

Fears about the Federal Reserve's plan to keep raising U.S. interest rates have weighed heavily on equities since its policy meeting last week. Among the S&P 500's 11 major sectors, the energy index (.SPNY) gained most, finishing up 1.52% as crude oil prices rose. Advancing issues outnumbered declining ones on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers. The S&P 500 posted 1 new 52-week highs and 14 new lows; the Nasdaq Composite recorded 64 new highs and 399 new lows. On U.S. exchanges 10.52 billion shares changed hands, compared with the 11.15 billion average for the last 20 trading days.

☆ General Mills Gets Bitten in Pet Food Mishap
▼ + stars: | 2022-12-20 | by ( Aaron Back | ) www.wsj.com time to read: 1 min

General Mills’ pet segment sales were flat from a year earlier, while analysts had expected growth of 13%. Owning a pet means dealing with accidents. So too can owning a pet food brand. General Mills ‘ otherwise solid results on Tuesday were spoiled by a hiccup in pet food sales. The company also raised its guidance for organic sales and adjusted earnings per share for the full fiscal year.

In fixed income U.S. Treasury prices fell following the BOJ's shock move, with the benchmark 10-year Treasury yield was rising to a three-week high of 3.69%. Among the S&P 500's 11 major sectors, energy index (.SPNY) was leading gains, up 1.8%, as crude oil prices rose. The materials (.SPLRCM) and financials (.SPSY) sectors were the next biggest gainers with banks benefiting from a rise in Treasury yields. Advancing issues outnumbered declining ones on the NYSE by a 1.45-to-1 ratio; on Nasdaq, a 1.38-to-1 ratio favored advancers. The S&P 500 posted 1 new 52-week highs and 14 new lows; the Nasdaq Composite recorded 44 new highs and 331 new lows.

☆ General Mills Raises Outlook on Higher Snack Sales
▼ + stars: | 2022-12-20 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

General Mills said it now expects stronger organic sales growth this year and higher adjusted earnings. General Mills Inc. raised its outlook for 2023 after the consumer foods company increased prices and reported a boost in sales for its snacks and baking products. The Minneapolis-based maker of Cheerios and Betty Crocker cake mix said sales rose 4% to $5.2 billion in its fiscal second quarter, driven by higher prices and positive shifts in the mix of products it sold. Volumes, meanwhile, fell 12%, with major drop-offs in its international and pet businesses.

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