|Bid||0.00 x 305200|
|Ask||5.00 x 34100|
|Day's Range||4.7900 - 4.8500|
|52 Week Range||3.7700 - 7.4300|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||27.50|
|Forward Dividend & Yield||0.24 (4.84%)|
|1y Target Est||5.24|
It was a gain, but not a convincing one. Yesterday's 0.3% advance from the S&P 500 may have gotten it above the pivotal 200-day moving average line, but a huge chunk of the intraday move was ultimately given back, and the volume behind the gain was mediocre at best.Still, baby steps in a bullish direction are still steps in the right direction.General Electric (NYSE:GE) did a great deal of the work, up 3.9% mostly in response to a $92 billion backlog for its power division. That's the arm that needs the most help and is best positioned for a turnaround.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the other end of the spectrum, Teva Pharmaceutical (NYSE:TEVA) and Ambev SA (NYSE:ABEV) were a key part of the reason stocks struggled to make the collective gain they did. Ambev fell 2.4% mostly because traders remain unsure how they feel about the stagnant company, while Teva shares plunged 7.8% after the company conceded 2019 will be a "trough." Investors were hoping the pivot had already been made.None of those names are especially great trading prospects headed into Thursday's session, however. Rather, stock charts of Intel (NASDAQ:INTC), Franklin Resources (NYSE:BEN) and Conagra Brands (NYSE:CAG) are shaping up as the best bets. Here's why, and what needs to happen next. Franklin Resources (BEN)With nothing more than a quick glance at Franklin Resources, it just looks like a volatile mess. And, that may be all it is. A closer look at the daily chart, however, reveals there may be more underway here than it seems on the surface. * 9 U.S. Stocks That Are Coming to Life Again The stock is at a key tipping point after Wednesday's action, and the backdrop is surprisingly healthy. Click to Enlarge • As of Wednesday's close, Franklin Resources is once again testing the white 200-day moving average again as resistance. The past couple of those tests have ended with a retreat, but it's telling that the buyers keep coming back.• It's counterintuitive, but the volume surges that accompanied the last two major plunges are actually beneficial. They serve as a flushout, or capitulation, that cleared the decks for a new, net-bullish paradigm.• Although the late-January low was the first higher low since mid-2017, the past two bullish efforts have been on tepid volume. More buyers will need to crawl out of the woodwork for a rally effort to be sustained. Conagra Brands (CAG)A little over a week ago, Conagra Brands was featured as a budding breakout candidate. In fact, it had just edged above a technical ceiling. The effort just needed to solidify a little bit more, to confirm it was for real.It's for real. CAG is now up 6.5% since that look, and has put that resistance line in the rearview mirror. There's another ceiling dead ahead, however, that needs to be cleared before the next bullish leg can take shape. Conagra may need to peel back before forging any higher though. Click to Enlarge • The next hurdle is the 50-day moving average line, plotted in purple on the daily stock chart. The buyers stepped back as that line came into view this week.• Although CAG may need to fall back and develop a running start to punch through that technical ceiling, the weekly chart makes clear the stock is more than oversold enough to fuel a bounce.• Should Conagra make good on its promise, the next most plausible target is around $28. That's where the first Fibonacci retracement line is, and where the gray 100-day moving average line is. Intel (INTC)Finally, Intel has been a name that's been dissected several times in recent weeks, as the stock has been working on rocking its way out of last year's pullback.So far it hasn't happened. But, this week's bullishness has pushed INTC to the brink of moving all the way out of its recent technical confines. One more good day will get Intel up and over the final hurdle, unleashing a few months' worth of pent-up buying action. Click to Enlarge • That final line in the sand is $50.80, plotted in yellow, where INTC has peaked several times since July.• The trend paradigm has already shifted from a streak of lower lows to higher lows, which has pushed Intel shares above the pivotal 200-day moving average line, plotted in white.• If a breakout move can take hold, the most plausible upside target is last June's peak around $57. That $7 span between the current price and that target is more or less the same-sized span from the low and high seen as Intel worked its way through a triangle shape beginning in late June. That's not coincidental. Stocks tend to move in familiar increments.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Big Stock Charts for Thursday: Conagra Brands, Intel and Franklin Resources appeared first on InvestorPlace.
The market may have logged gains yesterday, following through on Friday's late recovery move. But, for a Monday, the follow-through was disappointing. The gain of 0.07% left the S&P 500 a bit below its intraday high, and the "up" volume behind the gain was alarmingly tepid for the first day back from the weekend.General Electric (NYSE:GE) and Ambev SA (NYSE:ABEV) led the way, with 2.2% and 2.7%, respectively. Investors are still reasonably convinced GE stock has a decent future, while the latter continues to work on a turnaround effort that first took shape in late December. This is the most uninterrupted bullish progress seen since early 2018, and has carried shares back above the pivotal 200-day moving average line.At the other end of the spectrum, Activision Blizzard (NASDAQ:ATVI) and its peers kept the brakes on any marketwide rally effort. It looked like the selloff was finally winding down as January came to a close, but the sellers dug in again starting late last week as Tuesday's post-close earnings report looms.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs Tuesday's action kicks off, stock charts of Micron Technology (NASDAQ:MU), Vulcan Materials Company (NYSE:VMC) and Citrix Systems (NASDAQ:CTXS) are the names to watch. Here's why, and what to know. Citrix Systems (CTXS)After Monday's action it would be easy to say Citrix Systems is stuck in a range, and not moving any particular direction. * 10 Best Dividend Stocks to Buy for the Next 10 Months A closer look, however, reveals there's something of a method to the madness. Slowly but surely, the bears are chipping away, and a downtrend is already in development. A little more weakness could seal the deal, and drag shares below a huge -- and relatively new -- technical floor. Click to Enlarge • On both stock charts, it's now clear that CTXS is moving into the end of a converging wedge pattern that will force traders to make a commitment.• The stage is already set, however, for downside. The purple 50-day moving average line has already fallen below the white 200-day moving average line, and as of Monday Citrix shares are back below off of their key moving average lines.• The lower boundary of the wedge pattern, currently just above $100, will possibly halt any downtrend. If it doesn't, though, there's little that could bring an end to a wave of profit-taking following last year's big runup. Vulcan Materials Company (VMC)The better part of the past several months have looked and felt nothing more than choppy for Vulcan Materials Company. But, as was the case with Citrix Systems, there's been something going on beneath the surface. The brewing bullishness has become clearer within the past few days.There's just one more hurdle to clear before the budding rebound effort fully takes hold. Click to Enlarge • Since November of last year, the gray 100-day moving average line had been holding Vulcan shares down. Last week, VMC moved above that line, and remained above that line when the sellers pushed back.• The last line in the sand is $105.40, plotted in yellow on both stock charts. The bears have capped all the rally efforts since early January at that level.• That's more likely to happen than not, however. There has been decidedly more (and above-average) buying volume than not over the course of the past couple of weeks. The Chaikin line move above zero in mid-January. Micron Technology (MU)Finally, a week ago we explored how Micron Technology shares were moving up and out of a long-standing funk, and had just cleared another key technical hurdle. Though impressive, and telling, we wanted to see the move survive a major test.That's happened in the meantime. The sellers took a shot the next day, and continued to dig on. As of yesterday, though, the buyers took back control right where they were supposed to. Click to Enlarge • The big line in the sand is plotted with a yellow dashed line on both stock charts, though the more detailed daily chart indicates there's a second, minor resistance line that's also been cleared.• Although down on Monday, the selling stopped at the blue 20-day moving average line and the buyers started to wade back in to leave shares above the gray 100-day moving average line.• The "clincher" here is now the next move higher, to confirm that Monday's bar was indeed a pivot back into an uptrend.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post 3 Big Stock Charts for Tuesday: Micron Technology, Citrix Systems and Vulcan Materials appeared first on InvestorPlace.
Diageo (DEO) reports strong top and bottom-line results for the first half of fiscal 2019, backed by solid organic growth. Further, the outlook for fiscal 2019 remains robust.
Colgate's (CL) fourth-quarter 2018 earnings and sales beat estimates on solid organic sales, and improved pricing. However, the company issues a soft earnings view for 2019.
Diageo (DEO) witnesses solid trends, backed by the focus on expanding geographic footprint and launching innovative products. This should continue to drive earnings in the quarters ahead.
BRASILIA/SAO PAULO (Reuters) - Brazil's annual Carnival street parties are being probed for awarding exclusive contracts to certain breweries, possibly limiting competition and driving up revelers' beer tabs, anti-trust agency Cade said on Monday. A Finance Ministry report last year named Ambev SA, Latin America's largest brewer, and Heineken NV's Amstel among the companies that have made deals with city governments to supply beer at Carnival. Cade has requested that a long list of cities, including Rio de Janeiro, report back on their procedures for awarding such deals by Friday, newspaper O Estado de S.Paulo reported.
NEW YORK, Nov. 27, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
How do we determine whether Ambev S.A. (NYSE:ABEV) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that […]
Ambev SA, Latin America's largest brewer, on Thursday reported quarterly earnings that were hurt by inflation in Argentina and slipping share in key market Brazil, where rival Heineken NV is making serious inroads. The company, the Latin American unit of Anheuser Busch Inbev NV, posted a 10 percent year-on-year drop in net profit to 2.89 billion reais ($774 million). Dutch brewer Heineken, which is betting big on the Brazilian beer market, is beginning to take a chunk out of its rival's business there, with volumes growing by double digits, according to analysts.
Ambev SA, the Latin American unit of Anheuser Busch InBev, posted mixed third-quarter results on Thursday, as rising inflation in Argentina and increased advertising costs took major bites out of the firm's ...
On a per-share basis, the Sao Paulo-based company said it had profit of 5 cents. The beverage company posted revenue of $2.81 billion in the period. _____ This story was generated by Automated Insights ...
Brazilian beer maker Ambev plans to add 1,600 Volkswagen electric trucks to its fleet, making it the largest fleet of its kind in Brazil, and which would be exempt from new fixed minimum freight fares for diesel truckers. Ambev said ownership of the vehicles, which will replace older trucks, will be with 20 logistics companies that distribute Ambev's products.
Benzinga has featured looks at many investor favorite stocks over the past week. Bearish calls included a top semiconductor maker and a specialty retailer. The S&P 500 and the Dow Jones industrial average eked tiny gains again, but the Nasdaq lost ground due to disappointing results from Facebook.
AMBEV S A/S ADR (NYSE: ABEV ), a Brazilian brewing company owned by Anheuser Busch Inbev NV (ADR) (NYSE: BUD ), reported strong quarterly results Thursday. The Analyst Barclays analyst Benjamin Theurer ...
Ambev SA, the Latin American unit of brewing giant Anheuser Busch InBev NV , sees a challenging operating environment in Brazil, Chief Financial Officer Fernando Tennenbaum told reporters during a conference ...
Rising volatility due to weakening in investor sentiment has some people concerned of a potential reversal across the financial markets. It is no secret that risk-averse investors have been spending the past several weeks in search of sectors and asset classes that will protect their capital in the event of a significant pullback. In the paragraphs below, we'll take a closer look at charts of vice-related assets with a specific focus on alcohol companies since they seem to be outperforming the broader group.
The Sao Paulo-based company said it had net income of 4 cents per share. The beverage company posted revenue of $3.21 billion in the period. Ambev shares have dropped 21 percent since the beginning of ...
LONDON, UK / ACCESSWIRE / July 6, 2018 / If you want a free Stock Review on ABEV sign up now at www.wallstequities.com/registration. In today's pre-market research, WallStEquities.com observes four Beverages Brewers stocks, namely: Ambev S.A. (NYSE: ABEV), Anheuser-Busch InBev S.A./N.V. (NYSE: BUD), Fomento Economico Mexicano S.A.B. de C.V. (NYSE: FMX), and Molson Coors Brewing Co. (NYSE: TAP).
SAO PAULO/BRUSSELS, July 5 (Reuters) - Sao Paulo bar owner Arthur Santi has long served up boatloads of ice-cold Skol, one of Brazil's most popular beer brands and a mainstay of brewing giant Ambev SA. Then last year, rival Heineken NV made him an offer he could not turn down. Heineken paid him 90,000 reais ($23,000) for a three-year commitment to sell Heineken as its only big-name premium beer.
SAO PAULO/BRUSSELS (Reuters) - Sao Paulo bar owner Arthur Santi has long served up boatloads of ice-cold Skol, one of Brazil's most popular beer brands and a mainstay of brewing giant Ambev SA (ABEV3.SA). Then last year, rival Heineken NV (HEIN.AS) made him an offer he could not turn down. Heineken paid him 90,000 reais (17,366.35 pounds) for a three-year commitment to sell Heineken as its only big-name premium beer.