|Bid||40.27 x 1000|
|Ask||42.00 x 1300|
|Day's Range||39.07 - 40.54|
|52 Week Range||35.17 - 46.26|
|Beta (3Y Monthly)||-0.21|
|PE Ratio (TTM)||22.13|
|Earnings Date||Aug 21, 2019 - Aug 26, 2019|
|Forward Dividend & Yield||0.84 (2.10%)|
|1y Target Est||38.73|
The Dow Jones Industrial Average ended sharply lower Thursday as the trade war between the U.S. and China intensified. cut its second-quarter guidance amid lower revenue expectations resulting from the U.S. ban on business with Huawei Technologies. beat Wall Street's first-quarter earnings expectations and confirmed its full-year profit guidance, but was still ended down.
The market is starting to pick a direction and for many trend traders, that's great. They don't care which direction the market is going in, as long as it's going in one. Unfortunately, that direction may be lower. What makes this market so tough is, it takes one tweet from the president to surge or crush stocks on any given day. No matter your political affiliation, that makes trading tough. We'll do our best though, as we look at a few top stock trades for Friday. Top Stock Trades for Tomorrow 1: Amazon Click to EnlargeWe weren't surprised by the bounce in Amazon (NASDAQ:AMZN) with shares testing the 50-day earlier this month. However, InvestorPlace readers also shouldn't be surprised if AMZN goes on to test the 200-day now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares are breaking below the month's low, is below the 50-day for the first time since March, and made a lower high when it found the 20-day moving average to be resistance a few days ago. * 6 Stocks to Buy for This Decade's Massive Megatrend The market can turn on a dime and AMZN could reclaim the 50-day on Friday or early next week. But right now, the charts are pointing to a further decline down to the 200-day. If it overshoots, look for the $2,700 breakout level to buoy the name.But I suspect Amazon will attract some buyers near $1,750 assuming it gets that low, and at least on its first test. Top Stock Trades for Tomorrow 2: Hormel Click to EnlargeHormel (NYSE:HRL) was a tricky post-earnings trade. Shares are down just 1.25% -- actually outperforming the S&P 500 on Thursday -- but took a mighty tumble earlier in the session.Shares hit a low of $37 in the first few minutes of trading and haven't looked back since. It gives investors a level to shoot against should they decide to take a position in this name. Holding up over $36 to $37 is constructive, but HRL still has its work cut out for it.The stock is still struggling to hurdle the 20-day moving average, currently at $39.74, while even larger resistance looms higher. Not only has $40 to $40.50 kept a lid on the stock since April, but the 10-week and 50-week moving averages are converging in this area. Further, the 50% retracement for the one-year range is up a little higher, near $40.90.If HRL can clear this area -- say to $41 -- it could continue moving higher. Top Stock Trades for Tomorrow 3: L Brands Click to EnlargeL Brands (NYSE:LB) is locked in a brutal multi-year downtrend. The 50-day and 20-day moving averages continue to act as resistance, which we're seeing play out on Thursday post-earnings, even though LB has so far rallied off its session lows. Incidentally, these were fresh 52-week lows as well.What now?While this is an apparel play, I would rather go with Target (NYSE:TGT), Home Depot (NYSE:HD), TJX Companies (NYSE:TJX) or another retailer that has momentum right now. As it relates to LB, shares need to reclaim the $25 level and the 20-day moving average for bulls make any headway. Below increases the odds that it will take out this week's low at some point down the road.This stock is down massively from its highs a few years ago, off more than 70% from peak to the recent low. Above $25 could get LB to $27.50 and/or the 50-day if momentum continues. Top Stock Trades for Tomorrow 4: Best Buy Click to EnlargeAmazon couldn't escape the selling and neither could Best Buy (NYSE:BBY). The latter is down 5.5% on earnings and the charts are breaking down.The 20-day and 50-day moving averages are acting as resistance and the stock has notched a lower high. Further, the 200-day is not holding as support, nor is the $66 level or uptrend support (blue line).Short of BBY reclaiming $68 to $69, a gap fill down to $60 seems more than possible. Top Stock Trades for Tomorrow 5: PepsiCo Click to EnlargeI really wanted to cover Roku (NASDAQ:ROKU) as it makes new highs, but we've been all over that one since Q4 2018. Instead, we'll do that on Friday and cover another strong stock instead: PepsiCo (NYSE:PEP).This dividend stud has been angry, up more than 22% from its January lows. Does it deserve this type of run?Maybe not, but I'm not going to fight the trend. Aggressive investors can buy dips into uptrend support, while more conservative bullish traders can nibble on tests of the 10-week moving average, provided it holds as support. Should trend fail, look for a possible retest of the $118 level as support. * 6 Innovative Stocks With Big Long-Term Growth Potential As for upside, PEP could run into the low $130s before it hits channel resistance, even though it's already had a strong run.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 and ROKU. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 5 Top Stock Trades for Friday: AMZN, HRL, LB, BBY appeared first on InvestorPlace.
Shares of the American food products company Hormel Foods Corporation (NYSE: HRL ) were trading lower Thursday following a mixed second-quarter print, with the group warning that African swine flu in ...
Hormel Foods' (HRL) top and bottom lines grow year over year in second-quarter fiscal 2019. However, input cost inflation and expectations of volatile pork prices lead to a lowered outlook.
Revenue will probably not surpass $10 billion and earnings per share will reach $1.85 at the most this fiscal year, the maker of Spam canned meat and Skippy peanut butter said in a statement, down from earlier peak estimates of $10.2 billion and $1.91 a share. The company will respond with price increases across a number of segments, including the groceries division, which also makes Dinty Moore stew. Pork prices have swelled as China struggles to contain a nine-month-long outbreak of African swine fever -- a contagious disease that kills most infected pigs within days.
on Thursday reported quarterly earnings that were in line with analysts' forecasts, though warned that the impact of African swine fever on hog and pork prices affected its quarterly sales, and will continue to impact revenue and earnings. The company lowered its fiscal 2019 earnings guidance range, however, based on higher costs related to the impact of African swine fever in the second quarter and expectations of volatile domestic pork prices in the second half of fiscal 2019. "In spite of record sales, second-quarter earnings did not meet our expectations," Hormel CEO Jim Snee said in a statement.
Hormel (HRL) delivered earnings and revenue surprises of 2.22% and -0.98%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
U.S. stock index futures slid on Thursday, as investors worried that the U.S.-China trade war could spiral into a technology cold war between the two countries, with no signs of resolution in sight. Beijing said Washington needs to correct its "wrong actions" for trade talks to continue after the United States blacklisted Huawei Technology Co Ltd last week. Investors now fret that tit-for-tat tariffs and other retaliatory actions by the world's two largest economies will be a drag on global growth, especially hitting the high-growth technology sector.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / Hormel Foods Corp. (NYSE: HRL ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on May 23, 2019 at 9:00 AM Eastern ...
Shares of Hormel Foods Corp. fell 1.5% in premarket trade Thursday, after the parent of Skippy, Spam and Natural Choice food brands reported fiscal second-quarter earnings that beat expectations, but sales that came up shy and lowered its full-year outlook. Net income for the quarter to April 28 rose to $282.4 million, or 52 cents a share, from $237.4 million, or 44 cents a share, in the year-ago period. Excluding non-recurring items, such as a gain from a divestiture, adjusted earnings per share came to 46 cents, above the FactSet consensus of 45 cents. Sales rose 0.6% to $2.34 billion, just below the FactSet consensus of $2.37 billion. Among Hormel's business segments, refrigerated foods sales grew 1.0% to $1.26 billion versus the FactSet consensus of $1.27 billion; grocery sales increased 2.2% to $635.3 million to top expectations of $628.4 million; and Jennie-O Turkey sales increased 0.5% to $305.3 million to beat expectations of $299.0 million. For fiscal 2019, Hormel cut its guidance ranges for EPS to $1.71 to $1.85 from $1.77 to $1.91 and for sales to $9.50 billion to $10.0 billion from $9.70 billion to $10.20 billion, citing input cost increases experienced in the second quarter and expectations of volatile domestic pork prices in the second half of the year. The stock has shed 7.5% year to date through Wednesday, while the S&P 500 has gained 13.9%.
On a per-share basis, the Austin, Minnesota-based company said it had profit of 52 cents. Earnings, adjusted for non-recurring gains, were 46 cents per share. The results topped Wall Street expectations. ...
Company's leading brands, balanced business model and strong balance sheet position it to manage through the near-term uncertainty related to African swine fever in China AUSTIN, Minn. , May 23, 2019 /PRNewswire/ ...
A disease ravaging hog farms 11,000km away in China is affecting US restaurant chains and meat producers, leaving customers forking over higher prices for their pork. in China drove up pork costs, weighing on its quarterly earnings and contributing to a cut in its full-year earnings and sales outlook. Meanwhile shares in Chipotle Mexican Grill came under pressure after analysts at BMO Capital Markets issued the equivalent of a sell rating for the stock, warning that surging pork prices will eat into the restaurant chain’s bottom line.
Hormel Foods (NYSE: HRL ) announces its next round of earnings this Thursday, May 23. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement. Earnings and Revenue ...
is expected to report quarterly earnings of 45 cents a share on sales of $2.4 billion after the market closes on Thursday, based on a FactSet survey of 12 analysts. Quarterly estimates have fallen less than 1 cent a share in the past month. Hormel Foods is currently trading at a price-to-forward-earnings ratio of 21.7 based on the 12-month estimates of 12 analysts surveyed by FactSet.
AUSTIN, Minn. , May 21, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock, authorized by the Board ...
AUSTIN, Minn. , May 21, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) recently awarded 71 suppliers with a 2018 Spirit of Excellence Award for their roles in the company's continuous improvement ...
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Beyond Meat, Inc. (BYND) and its recent IPO that has seen it destroy Uber (UBER) and Lyft (LYFT).
Dismal Turkey market and rising input costs are likely to weigh on Hormel Foods (HRL) in Q2. However, robust food service performance may provide some support to the stock.
Dividend paying stocks like Hormel Foods Corporation (NYSE:HRL) tend to be popular with investors, and for good reason...
Hormel (HRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.