|Day's Range||43.65 - 43.65|
Rating Action: Moody's affirms seven classes of GSMS 2015- GC32. Global Credit Research- 19 Jun 2019. Approximately $725.5 million of structured securities affected.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BJS Wholesale Club Inc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Costco Wholesale Corporation (NASDAQ:COST) is a stock with outstanding fundamental characteristics. When we build an...
Investors are betting that the big, popular store will survive the retail apocalypse. Plus, the market obviously likes MoneyGram's new strategic investor.
Costco’s impressive comps and strong EPS growth supported its stock. However, the recent uptrend in Costco stock and rich valuation could limit the upside. Analysts expect Costco’s comps to continue to grow at a decent rate.
Costco faces tough year-over-year comparisons in fiscal 2019, which could restrict its bottom-line growth. The absence of a significant boost from the lower tax rate could limit the company's EPS growth.
Costco (COST) shares outperformed the broader markets. The shares have risen 27.7% on a year-to-date basis as of June 14. The company's impressive comps supported the uptrend in its stock.
In a frothy market you can get a mighty high multiple if you're in the right niche. Like marijuana. That's the story of New Age Beverages (NASDAQ:NBEV). NBEV stock tripled last September after announcing a drink containing CBD. Its drinks even have a picture of the late Bob Marley on them.But pot isn't NBEV's real business. Canned beverages are its business. Things like coffee, tea and kombucha. Sodas with strange combinations like watermelon and coconut, the kind of stuff you'll try at a soda ranch on Route 66.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince that September explosion, where it briefly traded at almost $9, NBEV stock has lost its fizz, settling into a trading range of between $4-6 per share. But its market cap, $350 million, remains impressive for a drinks company with March quarter sales of $58 million, and no profit.But still. Pot! What NBEV Is Up ToNew Age Beverages has used its moment in the pot limelight to bulk up the product line. The highlight was this month's purchase of Brands Within Reach, for $6.4 million, only $500,000 of it cash. * 7 Top-Rated Biotech Stocks to Invest In Today Brands Within Reach has brand licensing and distribution rights for some mainstream beverages, like cold Nestea and Illy coffee. The idea is that this gets New Age in the door at mainstream retailers like Walmart (NYSE:WMT) and Costco Wholesale (NASDAQ:COST), which then might look at its more esoteric brands.This came just six months after buying Morinda Holdings, another small company but with distribution in 60 countries. The idea there was to expand the market for its CBD products.The Morinda combination is already in the numbers due to be reported August 8, where sales of $70.8 million are expected. Following on the first quarter take of $58 million, that's good growth and, if the pattern persists through the year, it could lead to sales equaling the stock's current market cap by this time next year.That's important, because New Beverage CEO Brent Willis knows he's in the drinks business, not the pot business. He promised to focus on execution after buying Morinda, but the chance to buy into serious beverages with just stock was too good to pass up. What Next for NBEV Stock?Some analysts got very bullish on New Age after the Morinda buy, predicting imminent profits and a steady rise to $9 per share, which would be double its current level.InvestorPlace's Josh Enomoto disagrees. He sees the Brands Within Reach acquisition as a turn away from CBD, the source of its frothy valuation. He also sees the current brands as nothing special.Personally, I like the Brands Within Reach deal. NBEV now has both brands that can get it into the door of big retailers and global distribution for its CBD products. But drinks remain a risky business, a land of giants in which NBEV is a mouse. If Coca-Cola (NYSE:KO), Pepsico (NYSE:PEP) or even Keurig Dr Pepper (NYSE:KDP) decided there was something to this CBD thing, they could blow NBEV out of the water quickly. The Bottom Line on NBEV StockI think the owners of Brands Within Reach know all this, so there's an overhang of almost $6 million in stock, itching to be sold right now.Much of the rest of the common stock is held by speculators looking for a quick payout. Institutions hold just over 13% of the common, against almost 26% held by insiders. I think they will bail, too, at the first sign of bad news. * 7 Top-Rated Biotech Stocks to Invest In Today In other words, NBEV stock has a sell-by date, and execution alone won't stave it off.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. Compare Brokers The post NBEV Stock Is More Than Just CBD -- But It's Still Not Enough appeared first on InvestorPlace.
Under his leadership, the big bank has posted record profits and overcome the ugly legacy of its financial crisis-era missteps
Citigroup analyst Gregory Badishkanian isn’t ready to declare a victory in the grocery war, but he does have Buy ratings on Kroger, Walmart, and Amazon, and is Neutral on Costco.
Overall, the first quarter has been relatively strong for retailers, so let's look at what investors should expect from Kroger to see if they should consider buying KR stock heading into its Q1 earnings release.
Shares of Kroger (NYSE:KR) have been struggling over the longer term, but have seen a boost over the past few weeks. Coming off a late-May low of $22.44, we've seen a quick 10% rally in Kroger stock.Source: Shutterstock There are a number of concerns tied to Kroger at this point, most of which all point to growth. Essentially, there are concerns about whether the company keep up with not only ecommerce pressures like Amazon (NASDAQ:AMZN), but also bricks-and-mortar competition like Walmart (NYSE:WMT), Costco Wholesale (NASDAQ:COST), Target (NYSE:TGT) and again, apparently Amazon in the future.Further, with inflation remaining stubbornly low, Kroger loses pricing power, which stifles revenue growth. The grocery game is a tough business, despite everyone needing to eat. That said, maybe Kroger can get its growth from somewhere new: Cannabis.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 Kroger Stock and CBD ProductsWhen you can't find growth from traditional outlets, it's time to find new ways to generate sales. That becomes even more important when it involves products that consumers are interested in.As a result, Kroger will reportedly start selling CBD products in its stores. Keep in mind, Kroger is no small operator. The country's largest grocery chain now plans to sell CBD lotions and balms in its 945 stores across 17 U.S. states.The company joins CVS Health (NYSE:CVS) as retailers begin to embrace CBD and cannabis products. That's interesting for CVS, given that the company stopped selling cigarettes a few years back.In any regard, CVS, Kroger and other retailers are seeing that there are health and pain-management benefits to these types of products. Management is also recognizing that demand and discussion around these products from their customers are heating up, and therefore it makes sense to carry them in the stores.While there are still regulatory concerns about CBD products as cannabis is not legal at the federal level it's clear that we're moving toward a more welcoming environment. Should that trend continue, more retailers like Kroger and CVS will likely embrace the products too.It's also more likely that big consumer brands will partner with cannabis players like Canopy Growth (NYSE:CGC), New Age Beverages (NASDAQ:NBEV), Cronos Group (NYSE:CRON), etc. to create and market new products together.That may be another boost for Kroger stock down the line. Trading Kroger Stock Click to EnlargeThe question ultimately boils down to whether selling CBD products will help KR stock. The answer in the short term is, probably not. At least from a fundamental perspective.If Kroger were to perform a quick rollout to all of its 900+ stores, it's possible we would see a flood of demand. But until it becomes more than just lotions and balms, the effect will likely be limited on its top and bottom line.That's not so much due to a lack of demand from consumers, but more because KR is already forecast to generate $123 billion in sales this year.Estimates call for a 1.6% revenue boost in 2019 and a 2.7% increase in 2020 to $126.4 billion. Perhaps that 2020 number can inch higher if Kroger really kicks CBD sales into high gear.As for the charts, KR stock is trying with all its might to stay above the 50-day moving average and the 10-week moving average near $24.50. If it can, perhaps Kroger stock can make a push north of $25 and potentially send it back to the Q2 highs near $26. Just above is the 61.8% one-year retracement at $26.19.This $26 to $27 area has been significant for a number of years, as the chart above shows. While Kroger stock would still face an uphill challenge, clearing this level would be an important hurdle for the bulls.On the downside, losing the 20-week moving average likely puts $24 back on the table. If this level fails to buoy KR stock, then a retest of $22.50 and channel support is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post CBD Products May Offer the Competitive Edge to Move Kroger Stock Higher appeared first on InvestorPlace.
(Bloomberg Opinion) -- The changing nature of food retailing was laid bare on Thursday with lower-than-expected U.K. sales growth at Tesco Plc and Amazon.com Inc. expanding its partnership with the smaller British chain Wm Morrison Supermarkets Plc.Amazon’s agreement with Morrisons, while still fairly small right now, shows the ambitions of the online giant toward the U.K., already one of the world’s most competitive retail sectors. That will strike fear into the hearts of supermarket behemoths such as Tesco, Britain’s grocery leader. Tesco has been trying to bolster its defenses, and a slowdown in growth in the three months to May 25 shouldn’t be too surprising. All retailers face extremely difficult comparisons with the same period last year, when Britain was basking in sunny weather and enjoying a royal wedding. The company’s CEO, Dave Lewis, remains on course to hit his target for an operating margin of 3.5% to 4% by February next year.Still, the first-quarter slowdown doesn’t exactly inspire confidence about what happens once that margin target is reached. The company updates the City next week on how it can find ways to bolster sales and profit. It’s staying tight-lipped for now, but making more of its use of customer data — including through its Clubcard loyalty scheme — might be on the agenda. Lewis has talked before about developing the property around its stores. That could become a bigger part of cash flow, too.Tesco could also work more closely with Booker Group Ltd., a recently acquired food wholesaler. It’s experimenting already with putting cash-and-carry outlets in Tesco stores and introducing dedicated bulk-buy areas, with one eye on becoming Britain’s answer to America’s Costco Wholesale Corp. Wisely, it has also set up a purchasing alliance with Carrefour SA, the French supermarket chain.But as the quarter showed, life isn’t getting any easier for Tesco. Aldi and Lidl, the cutthroat German discount grocers, are still powering ahead in Britain, putting enormous pressure on the traditional giants.That makes Amazon’s advances all the more fraught. Morrisons, the U.K.’s fourth-biggest supermarket group, said on Thursday that it was expanding its super-fast grocery delivery service for Amazon customers. Nine regions in England and Scotland will now offer this, up from four. The aim is for nationwide coverage.The rapid roll-out of the Amazon partnership has been facilitated by another smart move by Morrisons chief executive David Potts, who started his supermarket career on the shop floor. He has negotiated an end to his company’s exclusive relationship with Ocado Group Plc, the specialist online grocer. That has opened the door to closer ties with Amazon.Beset by price-slashing German rivals on one side and savvy online operators on the other, Tesco and its ilk are going to have to work hard to keep food in their investors’ mouths.To contact the author of this story: Andrea Felsted at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
One person was killed Friday night at a Southern California Costco when an off-duty police officer opened fire after an argument. Shoppers ran for their lives. Carter Evans reports.
Police said one man was killed and others were injured after a deadly shooting broke out at a Costco in California. There was an off-duty cop inside the Costco, but it’s not clear what role they played in stopping the shooting. Nicole Comstock of Los Angeles’ KCBS-TV reports.