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Kraft Heinz, Altria, Ford, Exxon and Hershey: Stocks to Watch

Here are some of the companies the Yahoo Finance team will be watching today.

Kraft Heinz (KHC) may be on the road to recovery. It announced stronger-than-expected earnings, with CEO Miguel Patricio saying that the company is making "good progress" on identifying the problems with its past performance. But he admitted they're still delivering results "below our potential."

Altria's (MO) third-quarter earnings beat Wall Street estimates but the company revealed it is writing down a third of its investment in Juul. The company wrote-down $4.5 billion of its $12.8 billion investment in the vaping company. Juul is facing lawsuits and potential new regulations after an outbreak of vaping related illnesses.

Ford (F) and the UAW have reached an agreement to hold-off a strike. The new contract includes $6 billion worth of investment in U.S. facilities and adding 8,500 jobs to Ford's workforce. This deal is expected to follow the same guidelines as the GM contract and include lump-sum payments and wage increases.

Former Secretary of State and Exxon Mobile (XOM) CEO Rex Tillerson is insisting that Exxon Mobile did not lie about the company's plan for the financial risks of climate change. Tillerson testified for three and a half hours in the securities fraud trial in New York, denying that the company's plans were meant to dupe investors. Exxon Mobile earnings are due out tomorrow before the opening bell.

It could be a very happy Halloween for Hershey (HSY). A recent survey found Reese's Peanut Butter Cups, made by Hershey, are the No. 1 favorite candy for Halloween. Snickers, made by privately-owned Mars, were a distant second. The National Retail Federation says Americans will spend $2.6 billion on Halloween candy this year.

  • Is It Time To Consider Buying Flagstar Bancorp, Inc. (NYSE:FBC)?
    Business
    Simply Wall St.

    Is It Time To Consider Buying Flagstar Bancorp, Inc. (NYSE:FBC)?

    Flagstar Bancorp, Inc. (NYSE:FBC), operating in the financial services industry based in United States, had a relatively subdued couple of weeks in terms of changes in share price, which continued to float around the range of US$35.98 to US$38.76. Let's take a look at Flagstar Bancorp's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. What is Flagstar Bancorp worth?

  • Are Insiders Buying SmileDirectClub, Inc. (NASDAQ:SDC) Stock?
    Business
    Simply Wall St.

    Are Insiders Buying SmileDirectClub, Inc. (NASDAQ:SDC) Stock?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell SmileDirectClub, Inc.

  • Air Canada urged to resolve system woes ahead of holiday travel: transport minister
    World
    Reuters

    Air Canada urged to resolve system woes ahead of holiday travel: transport minister

    OTTAWA/MONTREAL (Reuters) - Canada's Transport Minister on Tuesday urged the country's largest carrier to resolve problems with its new reservation system, which have sparked an outpouring of complaints on social media. Transport Minister Marc Garneau said the regulator spoke with Air Canada about complaints of service delays due to changes with the reservation system ahead of the busy Christmas travel season. “They (Air Canada) are very aware we are getting a lot of calls about this," Garneau told reporters in Ottawa.

  • Asbury to pick up Park Place dealerships in $1B transaction
    Business
    American City Business Journals

    Asbury to pick up Park Place dealerships in $1B transaction

    The founder and chairman of Park Place Dealerships will sell 14 dealerships to Asbury Automotive Group Inc. (NYSE: ABG) in a $1 billion all-cash transaction, excluding vehicle inventory, according to a news release. "This acquisition will transform our total portfolio to 50% luxury stores and add approximately $2 billion in expected annualized revenues," Asbury President and Chief Executive Officer David Hult said in a prepared statement. Park Place Founder and Chairman Ken Schnitzer will maintain ownership of two dealerships – the Mercedes-Benz and Porsche dealerships in Grapevine – as well as the body shop in Grapevine.

  • Hedge Funds Have Never Been More Bullish On ONE Gas Inc (OGS)
    Business
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On ONE Gas Inc (OGS)

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like ONE Gas Inc (NYSE:OGS). ONE Gas Inc (NYSE:OGS) investors should be aware of an increase in hedge fund sentiment lately. Our calculations also showed that OGS isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings).

  • Hedge Funds Are Warming Up To Guess’, Inc. (NYSE:GES)
    Business
    Insider Monkey

    Hedge Funds Are Warming Up To Guess’, Inc. (NYSE:GES)

    Hedge funds' top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. GES was in 17 hedge funds' portfolios at the end of the third quarter of 2019. There were 15 hedge funds in our database with GES positions at the end of the previous quarter.

  • Is There Now An Opportunity In Service Corporation International (NYSE:SCI)?
    Business
    Simply Wall St.

    Is There Now An Opportunity In Service Corporation International (NYSE:SCI)?

    Service Corporation International (NYSE:SCI), which is in the consumer services business, and is based in United States, received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$48.56 at one point, and dropping to the lows of US$43.24. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Service Corporation International's current trading price of US$45.25 reflective of the actual value of the mid-cap?

  • Business
    Bloomberg

    China Three Gorges Said to Explore Revamp of Overseas Assets

    The state-owned energy giant is working with advisers on setting up an entity to hold the international assets, said the people, who asked not to be identified as the discussions are private. A representative for China Three Gorges didn't immediately respond to requests for a comment. China Three Gorges has been snapping up foreign assets in the past decade, particularly in Latin America, as the government encourages renewable-energy investment.

  • Canopy’s new CEO not a ‘sexy pick,’ but is the right one: analyst
    Business
    Yahoo Finance Canada

    Canopy’s new CEO not a ‘sexy pick,’ but is the right one: analyst

    The announcement of Canopy Growth's (WEED.TO)(CGC) new CEO was met with rallying shares and warm words from the company's ousted CEO and co-founder on Monday. Bruce Linton, who was fired in July from the top job at the Smith's Falls, Ont. cannabis company he co-founded, primed expectations for a splashy appointment over the summer. Linton changed his tune on Monday, telling Yahoo Finance that Klein, a 14-year veteran at the New York-based Corona beer-maker, is the “perfect pick,” and the man he would have chosen on the day he was dismissed.

  • Bill.com soars in trading debut
    Business
    Yahoo Finance Video

    Bill.com soars in trading debut

    The latest company to enter the public market is the business-to-business payments company Bill.com. Founder & CEO René Lacerte joins Yahoo Finance's On The Move panel from the New York Stock Exchange to discuss the company's market debut.

  • 'Beverly Hillbillies' mansion sells for $150M, highest price ever in L.A.
    Business
    American City Business Journals

    'Beverly Hillbillies' mansion sells for $150M, highest price ever in L.A.

    The "Chartwell" mansion used in the TV show "Beverly Hillbillies" has sold for a $150 million, making it the most expensive home sale ever in Los Angeles, according to a report. The buyer was media executive Lachlan Murdoch, son of media mogul Rupert Murdoch, according to The Wall Street Journal. Lachlan Murdoch is co-chairman of News Corp. (NASDAQ: NWS) and executive chairman and CEO of Fox Corp. (NASDAQ: FOXA).

  • Trade Alert: The Chief Scientific Officer Of Sage Therapeutics, Inc. (NASDAQ:SAGE), Albert Robichaud, Has Just Spent US$1.6m Buying Shares
    Business
    Simply Wall St.

    Trade Alert: The Chief Scientific Officer Of Sage Therapeutics, Inc. (NASDAQ:SAGE), Albert Robichaud, Has Just Spent US$1.6m Buying Shares

    Sage Therapeutics, Inc. (NASDAQ:SAGE) shareholders (or potential shareholders) will be happy to see that the Chief Scientific Officer, Albert Robichaud, recently bought a whopping US$1.6m worth of stock, at a price of US$64.16. Notably, that recent purchase by Albert Robichaud is the biggest insider purchase of Sage Therapeutics shares that we've seen in the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below.

  • Lululemon under pressure amid weak guidance
    Business
    Yahoo Finance Video

    Lululemon under pressure amid weak guidance

    Lululemon is under pressure today after issuing weak guidance for the fourth quarter, despite posting earnings and revenue beats for the third quarter. Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Emily McCormick discuss on The First Trade.

  • Here is What Hedge Funds Think About Renewable Energy Group Inc (REGI)
    Business
    Insider Monkey

    Here is What Hedge Funds Think About Renewable Energy Group Inc (REGI)

    Our research covering the last 18 years indicates that investors can outperform the market by imitating hedge funds' consensus stock picks rather than directly investing in hedge funds. That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like Renewable Energy Group Inc (NASDAQ:REGI). Renewable Energy Group Inc (NASDAQ:REGI) shareholders have witnessed a decrease in hedge fund sentiment lately.

  • Business
    GuruFocus.com

    What Now for Michael Burry's GameStop?

    GuruFocus has detected 3 Warning Signs with GME. Click here to check it out. GME 30-Year Financial Data The intrinsic value of GME Peter Lynch Chart of GME In his letter, Burry said: "As mentioned in our previous letter to the board, we have concerns regarding capital management at GameStop...

  • Hedge Funds Have Never Been More Bullish On Gates Industrial Corporation plc (GTES)
    Business
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Gates Industrial Corporation plc (GTES)

    Hedge fund activity in Gates Industrial Corporation plc (NYSE:GTES) At the end of the third quarter, a total of 14 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 8% from the previous quarter. By comparison, 9 hedge funds held shares or bullish call options in GTES a year ago. With the smart money's positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were upping their stakes substantially (or already accumulated large positions).

  • Is Euronav NV (EURN) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Euronav NV (EURN) A Good Stock To Buy?

    Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish on. One of their picks is Euronav NV (NYSE:EURN), so let's take a closer look at the sentiment that surrounds it in the current quarter.

  • World
    Bloomberg

    Merkel Faces Revolt Over Huawei as Lawmakers Seek Full Ban

    German Chancellor Angela Merkel is facing a potential revolt in parliament by lawmakers seeking to override her China policy and effectively ban equipment supplier Huawei Technologies Co. from the country's fifth-generation wireless network. A bill drafted by lawmakers in Merkel's ruling coalition stipulates that German authorities should be able to exclude “untrustworthy” 5G equipment vendors from “core as well as peripheral networks.” That goes beyond previous calls that sought to ban the Chinese firm from the more sensitive core network alone. While the draft doesn't explicitly name Huawei, it's tailored to the Chinese company and comes after months of debate about 5G security.

  • Is Carrols Restaurant Group, Inc. (TAST) Going to Burn These Hedge Funds?
    Business
    Insider Monkey

    Is Carrols Restaurant Group, Inc. (TAST) Going to Burn These Hedge Funds?

    Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments. The number of bullish hedge fund positions were cut by 4 recently.

  • Business
    Bloomberg

    ESL-Sears Bankruptcy Brawl Gets Examiner on Contested Millions

    Michael Wyse, the managing director of Wyse Advisors LLC, will calculate final figures for the prepaid inventory shortfall, cash reconciliation and the specified receivables shortfall, according to the filing. U.S. Bankruptcy Judge Robert Drain ordered the estate and Transform to cooperate with Wyse and comply with any requests for documents or information. The Sears estate sued ESL founder Eddie Lampert in April for allegedly transferring billions of dollars in company assets when the retailer was insolvent.

  • ‘Post-Chemical World’ Takes Shape as Agribusiness Goes Green
    Business
    Bloomberg

    ‘Post-Chemical World’ Takes Shape as Agribusiness Goes Green

    As population increases worldwide, the demand for agricultural products is projected to grow 15% over the next decade with no change in the amount of land available for farming, according to a joint report by the Organization for Economic Cooperation and Development and the United Nations' Food and Agriculture Organization. There's a growing world population and how are we going to feed all of these people? asked Craig Forney, assistant director for licensing and business development at Iowa State University in Ames, Iowa.

  • Is Annaly Capital Management, Inc. (NLY) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Annaly Capital Management, Inc. (NLY) A Good Stock To Buy?

    Hedge funds' top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. Hedge funds are reducing their bets on the stock. The number of long hedge fund bets were cut by 6 lately.

  • Did Hedge Funds Drop The Ball On Axsome Therapeutics, Inc. (AXSM)?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Axsome Therapeutics, Inc. (AXSM)?

    The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. In this article, we analyze how these elite funds and prominent investors traded Axsome Therapeutics, Inc. (NASDAQ:AXSM) based on those filings. The number of bullish hedge fund bets went down by 1 lately.

  • Is Chesapeake Energy Corporation (CHK) Going To Burn These Hedge Funds ?
    Business
    Insider Monkey

    Is Chesapeake Energy Corporation (CHK) Going To Burn These Hedge Funds ?

    Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. This year hedge funds' top 20 stock picks easily bested the broader market, at 37.4% compared to 27.5%, despite there being a few duds in there like Berkshire Hathaway (even their collective wisdom isn't perfect). Chesapeake Energy Corporation (NYSE:CHK) shareholders have witnessed a decrease in hedge fund sentiment recently.

  • Hedge Funds Have Never Been More Bullish On Tricida, Inc. (TCDA)
    Business
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Tricida, Inc. (TCDA)

    Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each day.