|Bid||48.53 x 800|
|Ask||48.54 x 800|
|Day's Range||47.95 - 48.80|
|52 Week Range||32.03 - 48.93|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||69.34|
|Earnings Date||Feb 25, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||1.40 (2.90%)|
|1y Target Est||44.23|
All it took was a more relaxed tone on trade to send U.S. equities racing back higher. Here's a look at a few top stock trades as we enter the last few days of the week. Top Stock Trades for Tomorrow No. 1: Campbell Soup (CPB)Source: Chart courtesy of StockCharts.comCampbell Soup (NYSE:CPB) shares hit new 52-week highs in Wednesday's session, despite missing on revenue expectations.As you can see in the chart above, CPB has made a routine of putting in higher lows and trending from the lower left to the upper right. Over the last few months, though, $48 has been a tough nut to crack.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's give CPB stock a day or two and see if it can push above this level. If it can close above $48, it puts $50-plus on the table. Remember, for being a "boring" stock, this name has moved quite well this year. * 9 Stocks That Every 20-Year-Old Should Buy Below $48, and the 20-day and 50-day moving averages are on the table. Below uptrend support (blue line) and CPB may need more time to consolidate. Top Stock Trades for Tomorrow No. 2: Zscaler (ZS)Source: Chart courtesy of StockCharts.comZscaler (NASDAQ:ZS) reported a top- and bottom-line earnings beat, and while its full-year guidance was solid, management's Q2 outlook was a bit underwhelming. That hit the stock on Wednesday.Just as CPB has been struggled with $48, ZS stock has been struggling with $53. Unlike Campbell Soup though, Zscaler isn't trading near its 52-week highs.In any regard, it's holding up over the 50-day moving average and uptrend support (blue line). It's a risky long position to take, but so long as ZS is over $46, bulls can stick with it.Over $53 and the declining 100-day moving average is a possible upside target. Below $46, and $40 to $42.50 is possible. Top Stock Trades for Tomorrow No. 3: Workday (WDAY)Source: Chart courtesy of StockCharts.comA few days ago, Workday (NASDAQ:WDAY) was rejected from the 100-day moving average at $180. On Tuesday, the stock rallied hard off the 50-day moving average, only to gap below it on Wednesday despite solid earnings.In doing so, WDAY also lost short-term uptrend support (blue line).This one looks lost for direction at the moment. Bulls who want to go long may want to wait for the stock to reclaim the 50-day moving average and take out Wednesday's high.Moving above those marks puts the 100-day moving average back on the table. Below Wednesday's low and sub-$155 is possible. Top Stock Trades for Tomorrow No. 4: Shopify (SHOP)Source: Chart courtesy of StockCharts.comWow, has Shopify (NASDAQ:SHOP) come to life or what? On Monday this name looked to be breaking down. Two days later and SHOP is up $65, or 20%, from this week's low.Crazy move aside, how do we trade this thing?If the momentum keeps up, there's not much preventing a move to $400. Bulls would love to see SHOP hold $370 as support, but if the market comes under pressure, we could easily see some air come out of the stock price.Let's see if the 78.6% retracement plays a role on a potential pullback. On a further decline, keep an eye on the 100-day moving average. Zooming out to a longer time horizon, notice how the 50-day moving average went from support to resistance, and back to support again after the last few weeks of action (blue circle). This may be a solid buy-the-dip spot down the road.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Tech Stocks You Wish You'd Bought During 2019 * 5 Under-the-Radar Marijuana Stocks With Over 100% Upside * Watch These 5 STARS Stocks as They Change the Future The post 4 Top Stock Trades for Thursday: CPB, ZS, WDAY, SHOP appeared first on InvestorPlace.
Shares of Campbell Soup Co. swung to a gain of 1.3% in midday trading Tuesday, after the soups, simple meals and snacks company reported fiscal first-quarter profit that topped expectations, although sales that fell short. The gains reverse a premarket loss of as much as 2.5% right after the release of results. Net income for the quarter to Oct. 27 fell to $166 million, or 55 cents a share, from $194 million, or 64 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came 78 cents, above the FactSet consensus of 71 cents. Net sales slipped 0.9% to $2.18 billion from $2.20 billion, to miss the FactSet consensus of $2.19 billion. Meals and beverages sales fell 3% to miss the FactSet consensus of $1.22 billion, while snack sales rose 2% to $989 million to beat expectations of $968.7 million. "Strong in-market consumption on U.S. soup was offset by the timing of shipments related to the Thanksgiving holiday," said Chief Executive Mark Clouse. For fiscal 2020, the company lowered its sales growth guidance to down 1% to up 1% from up 1% to up 3%, to reflect the sale of the European chips business in October, but affirmed its adjusted EPS estimate of $2.50 to $2.55. The stock has run up 46.1% year to date, while the SPDR Consumer Staples Select Sector ETF has rallied 22.7% and the S&P 500 has gained 24.2%.
The soup company said it expects full-year net sales to be down 1% to up 1% from a year earlier, down from an earlier forecast of an increase of 1% to 3%.
As consumers grow increasingly health-conscious, Campbell has been trying to jumpstart its struggling canned soup business by rolling out products that contain fewer preservatives. Grocers delayed stocking up on condensed soups and broths this year due to a late U.S. Thanksgiving, typically an important holiday for Campbell's soup sales. Campbell has suggested that 2% of sales in the meals and beverages business were moved into the second quarter, J.P.Morgan analyst Ken Goldman said.
Campbell Soup (CPB) earnings increase in the first quarter of fiscal 2020 on the back of higher adjusted EBIT and reduced interest expenses. However, sales were soft due to the Meals & Beverages segment.
Campbell (CPB) delivered earnings and revenue surprises of 13.04% and -0.51%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
Sell Campbell Soup on strength to its monthly, semiannual and annual risky levels at $48.04, $48.60 and $50.25, respectively. The stock is also testing its reversion to the mean, or its 200-week simple moving average at $48.64.
Both JPMorgan and Piper Jaffray maintained their neutral ratings on the stock following a mixed first-quarter earnings release.
Campbell Soup Co on Wednesday missed quarterly sales estimates after a late Thanksgiving delayed soup shipments, and lowered its fiscal 2020 sales forecast to account for the sale of its European chips business. Grocers delayed stocking up on condensed soups and broths this year due to a late U.S. Thanksgiving, typically an important holiday for Campbell's soup sales. Campbell has suggested that 2% of sales in the meals and beverages business were moved into the second quarter, J.P.Morgan analyst Ken Goldman said.
Campbell Soup Co on Wednesday lowered its net sales forecast for fiscal 2020, taking a hit from the sale of its European chips business earlier this year. The soup maker now expects 2020 net sales in the range of a 1% fall to a 1% gain, compared with its prior forecast of a 1% to 3% rise. The company said the impact from the divestiture of the chips business would be a fall of 2%.
CAMDEN, N.J.-- -- Earnings Per Share from Continuing Operations of $0.56 Decreased 7% Primarily Reflecting Charges Associated with Sale of the European Chips Business; Adjusted EPS of $0.78 Increased 10% Net Sales and Organic Sales Decreased 1% Campbell Updates Fiscal 2020 Net Sales Guidance Reflecting Sale of European Chips Business; Organic Sales, Adjusted EBIT and Adjusted EPS Outlook Remains Unchanged ...
Campbell Soup shares are falling premarket Wednesday after the company reported first quarter results that were mixed, while also cutting its sales forecast due to the divestiture of its European chips business earlier this year. The company did say that the divestiture of Kelsen Group would add $3 billion in expected net proceeds. Additionally, the company expects to close the sale of Arnott's and certain other Campbell's international operations in the second quarter of fiscal 2020.
While sales from its snacks unit, which include Pepperidge Farm Goldfish crackers and Kettle potato chips rose, results were decidedly weak in its struggling soup business. Mark Clouse, who took over as chief executive in January, blamed a late Thanksgiving this year for the 3 per cent slide in US soup sales during the October quarter. For all its woes, the division that includes soup still accounted for more than 50 per cent of Campbell’s sales last fiscal year.
Don't be caught off-guard: Campbell Soup (NYSE: CPB ) releases its next round of earnings this Wednesday, December 4. Want to skip the homework and get all the facts in one place? We thought so. Here is ...
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It’s a light week for earnings but Salesforce, Kroger, Dollar General, and Ulta Beauty all report. Plus, jobs Friday and ISM manufacturing and services surveys are out.
Two big economic reports will be on investor’s radars this week — the Institute for Supply Management (ISM) manufacturing data and the November employment report.
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