40.13 0.00 (0.00%)
After hours: 4:51PM EDT
|Bid||40.28 x 1000|
|Ask||42.50 x 2200|
|Day's Range||39.68 - 40.41|
|52 Week Range||35.44 - 46.26|
|Beta (3Y Monthly)||-0.15|
|PE Ratio (TTM)||22.05|
|Earnings Date||Aug 21, 2019 - Aug 26, 2019|
|Forward Dividend & Yield||0.84 (2.07%)|
|1y Target Est||37.90|
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
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Britain's biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World funds, and said it would vote against their chairs for failing to confront the threats posed by climate change. Legal & General Investment Management (LGIM), the fund arm of insurer Legal & General which has 1 trillion pounds under management, has been among the most vocal asset managers on climate risks, and will also divest from Hormel Foods , Korea Electric Power Corp, Kroger and Metlife.
The other day I saw an article in Forbes by value investor John Dorfman that examined four stocks to buy with little debt and high profitability. The stocks mentioned were National Beverage (NASDAQ:FIZZ), Gentex (NASDAQ:GNTX), Cactus (NYSE:WHD) and Deckers Outdoor (NASDAQ:DECK). Of Dorfman's four picks, I'm familiar with three of them. Cactus is the outlier of the group. It turns out the company makes wellheads and flow control products for the energy industry. InvestorPlace - Stock Market News, Stock Advice & Trading TipsYou learn something new every day in this business.Anyway, I'm always on the lookout for a good story idea, so I thought I'd run with Dorfman's theme and come up with seven S&P 500 stocks to buy that have little debt and lots of profits. * 6 Stocks Ready to Bounce on a Trade Deal To qualify, a company must have a debt-to-equity ratio of 20% or less and a return on equity 15% or higher. S&P 500 Stocks to Buy: Monster Beverage (MNST)Source: Mike Mozart via Flickr (modified)Monster Beverage (NASDAQ:MNST), one of the world's leading makers of energy drinks, has zero debt, $880 million in cash and marketable securities, and a return on equity of 28.6%. After conquering the energy drinks field, Monster is looking to capture a big chunk of the cannabis- and alcoholic-beverage markets. According to the Wall Street Journal, Monster is said to be interested in rolling out hard seltzers, malt beverages, and cannabis beverages once its non-compete (it's precluded from producing non-energy drinks) clause with Coca-Cola (NYSE:KO) ends in 2020. "This move actually makes a lot of sense for the company because Coke is looking more and more like a threat. In April, the brand debuted Coca-Cola Energy in Spain and Hungary, and it already sounds healthier than Monster," Delish reported June 12. Nobody thought Monster would rule the energy drink business, but here it is. I wouldn't bet against CEO and co-founder Rodney Sacks. He knows a thing or two about winning in the beverage biz. Foot Locker (FL)Source: Shutterstock Foot Locker (NYSE:FL), has gotten hammered in the past month, down approximately 25%. Nonetheless, the global retailer of sneakers has a remarkably strong balance sheet with $123 million in long-term debt, cash and cash equivalents of $1.1 billion and a return on equity of 26.9%. How do you lose 25% in a single month?Well, in Foot Locker's case, it missed analysts' first-quarter earnings estimate by eight cents. That's right, the consensus was $1.61, and FL came in at $1.53. On the top line, analysts were expecting sales of $2.11 billion; Foot Locker delivered revenues that were $33 million lower than expected. Hardly a bad earnings result -- comps rose by 4.6% during the quarter, suggesting to me that the long-term goals it has in place will surely be met. * 7 Value Stocks to Buy for the Second Half In the meantime, FL stock gives you a dividend yield of 3.7% and trading at 8.1 times its forward earnings.Can you say value stock? I knew you could. Hormel Foods (HRL)Source: Mike Mozart via Flickr (Modified)It's only appropriate that a pescetarian such as myself recommend a stock like Hormel Foods (NYSE:HRL), the makers of Spam, the most disgusting meat-based product ever created. No matter. The company has a great balance sheet with just $257.1 million in long-term debt, $639.3 million in cash and cash equivalents, and a return on equity of 19.5%.As I said, Spam is a horrible product, but a particular segment of the population seems to love it, and it pays the bills. In the first six months of 2019, Hormel's total segment profit was $615.4 million on $4.7 billion in sales, an operating profit of 13.1%. The meat-based food company is slowly making its way into plant-based foods such as a vegan pizza topping to meet the needs of consumers. While not at the front of the pack, it's working hard behind the scenes to deliver for its customers. "We understand that it is a shiny new toy," CEO Jim Snee said at a food conference in Paris recently. "We get that. It is one of our shiny new toys as well. It is something that is certainly on our minds like it is everyone else, and there is a lot of work happening both in the market and behind the scenes."Perhaps there is life after Spam. SVB Financial (SIVB)Source: Shutterstock SVB Financial (NASDAQ:SIVB) is my favorite American bank because it helps innovators and entrepreneurs around the world build their businesses.The holding company of Silicon Valley Bank has long-term debt of just $696.7 million, cash and cash equivalents of $7.1 billion, $28.9 billion in loans outstanding and a return on equity of 22.1%, which is over 800 basis points higher than JPMorgan (NYSE:JPM). In January, SIVB paid up to $340 million for Boston-based Leerink Partners LLC, an investment bank specializing in the healthcare industry. With all the changes happening in healthcare, owning a business that understands healthcare and life sciences companies, will continue to demonstrate why its a bank built on innovation. * 5 Stocks to Buy for $20 or Less Whenever it drops below $200 over the next few years, investors should buy SIVB stock. You won't regret it. Intuitive Surgical (ISRG)Source: Jon Fingas via Flickr (Modified)In February of this year, Intuitive Surgical (NASDAQ:ISRG), the makers of the da Vinci surgical system, got the green light from the FDA for Ion by Intuitive, a flexible robotic catheter that helps physicians reach "nodules in any airway segment within the lung."If you've owned ISRG stock, you're likely delighted by the news because it takes this goose beyond its golden egg. While I don't believe Intuitive is anywhere near the saturation point for its da Vinci surgical system, Ion shows it's also not a one-trick pony. That said, being a one-trick pony has made long-term shareholders very wealthy. CEO Gary Guthart owns 701,824 shares of ISRG that are worth a cool $374 million. That could buy a bunch of its surgical systems. ISRG stock hasn't done much so far in 2019, up just 13.2% year to date, but that's okay. It's got a great balance sheet with no debt, cash and marketable securities of $2.8 billion, and a return on equity of 17.9%. Long-term, I don't think you can go wrong with ISRG. A.O. Smith (AOS)Source: Nvdongen via Wikimedia (Modified)The last three years have not been kind to A.O. Smith (NYSE:AOS), the Wisconsin-based maker of water heaters, boilers and water treatment and filtration systems for both commercial and residential use. I first became interested in the company in 2012 because of its tankless water heaters. It has been so long that I can't remember exactly why I was interested in tankless water heaters. As I got to know the business, I couldn't help but recommend its stock. In recent years, AOS has significantly underperformed the S&P 500, which is unusual for a company that has delivered an annualized total return of 16.5% over the past 15 years. Unfortunately, to make matters worse, J Capital Research, a short seller intent on driving down AOS stock, made allegations against the company about its Chinese operations that suggested it was inflating sales and profits in China. The company flatly denies the allegations. All I can say is that I've followed the company's progress over the past seven years and I'm going to believe it's worth standing behind this business until proven otherwise. * 7 Top-Rated Biotech Stocks to Invest In Today As of the end of March, A.O. Smith had $277.6 million in long-term debt; $633.3 million in cash and marketable securities; and a return on equity of $20.6%. Ulta Beauty (ULTA)Source: Mike Mozart via FlickrFor almost two years, I wondered when Ulta Beauty (NASDAQ:ULTA) was going to expand to Canada. "For me, the fact that the company hasn't touched the surface when it comes to international expansion like Canada says the company's growth story is very much intact despite the headwinds it might face," I wrote on August 23, 2017. Well, the beauty retailer finally announced May 30 that it was coming to Canada, after studying various countries to figure out where it would launch its international expansion. "International expansion represents an attractive and incremental long-term growth platform, which extends our core capabilities and leverages our value proposition," CEO Mary Dillon said on Ulta's Q1 2019 conference call. "We believe that the Ulta Beauty value proposition is very relevant and differentiated in multiple geographies around the globe and Canada is an attractive and logical place to start."Dillon is one of the best retail executives in the U.S. I'm sure she will do what's best for shareholders and figure out the right pace for opening stores in Canada. Although Sephora and Shoppers Drug Mart provide competition, Ulta's in-store experience combined with top-notch online sales provides a loyal customer base that spends more.With $521.8 million in cash and marketable securities, no debt, and a return on equity of 40.9%, ULTA shareholders can look forward to more growth when it hits Canada in late 2020 or early 2021. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits appeared first on InvestorPlace.
Hormel Foods Corp NYSE:HRLView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderate for HRL with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding HRL are favorable, with net inflows of $11.26 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
With China’s hog inventory depleted due to African swine fever, the demand for imported pork is up, which would be a good thing for U.S. meat companies except the U.S.-China trade war is getting in the way, says CFRA.
The meatless-meat market is growing fast, and Hormel Foods Corp. wants a slice. The Austin, Minn.-based food company, still best-known for Spam and other meat products, is developing a vegan pizza topping and other plant-protein products, according to the Star Tribune. The paper cites comments from Hormel CEO Jim Snee, who disclosed the meatless plans at the 2019 dbAccess Global Consumer Conference in Paris.
Let's look at the firm's quarterly results, outlook, and the larger picture to see if now is the time to buy Beyond Meat (BYND) stock.
AUSTIN, Minn. , June 5, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) invites you to listen live as Jim Snee , chairman of the board, president and chief executive officer, and Tom Day , executive ...
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Hormel...
Low volatility -- or Low Vol -- has been killing it lately. If you're not familiar with the phrase, I mean stocks with low market volatility. These are shares of companies that don't move around a lot, asserts Eddy Elfenbein, editor of Growth Stock Investor.
BYND stock has soared as the market falls and stands in contrast to Uber (UBER) and Lyft (LYFT). So, let's see if investors should consider buying Beyond Meat stock heading into the company's first-quarter fiscal 2019 earnings release.
As Trump announces tariffs on all imports from Mexico as a curb against illegal immigration, these ETFs and stocks could come under pressure.
The market may have started the new trading week on a bullish foot, but it certainly didn't end Tuesday in the same mood. With some time to think about it, the bears tore in yesterday, driving the S&P 500 to a 0.84% loss. The close of 2,802.39 leaves the index just above a huge technical floor.Source: Allan Ajifo via Wikimedia (Modified)That loss took shape despite a huge win from Advanced Micro Devices (NASDAQ:AMD). Shares of the tech giant were up almost 10% in response to the unveiling of some new hardware.It just wasn't enough to offset dips from the likes of equally influential names like Kraft Heinz (NASDAQ:KHC) and Teva Pharmaceutical (NYSE:TEVA). The food company's stock was off to the tune of 6.6%, extending last week's weakness that was largely prompted by a planned but still distasteful failure to submit its quarterly accounting statements to the SEC. General weakness from most food stocks didn't help matters either. Teva Pharmaceutical shares fell 12.4% in response to news that a lawsuit alleging price-fixing for its generic drugs had been filed. That report follows news that the company had settled with the state of Oklahoma for its part in an opioid abuse case.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Top Pot Stocks to Buy Headed into Wednesday's trading, it's the stock charts of Juniper Networks (NYSE:JNPR), Eli Lilly (NYSE:LLY) and Hormel Foods (NYSE:HRL) that are of the most interest. Here's why. Juniper Networks (JNPR)In late March, I cautioned that Juniper Networks was slipping into trouble. Although not past the point of no return, the undertow was bullish. The one saving grace was that there was a strong support level dead ahead. It had been proven as a floor more than once.That floor has since been tested, more than once. In fact, it has been given a major test just within the past few days, including yesterday. One more slip could turn the tide decidedly for the worst, and by some measures JNPR stock has already fallen past the point of no return. Click to Enlarge * The technical floor in question is, of course, the $25 area plotted in yellow on both stock charts. Juniper shares were driven to that level again yesterday. * Zooming out to the weekly chart it's clear that the rising support line that had driven JNPR higher since 2014 has already been broken. * The undertow is already bearish, with or without technical breakdowns. It's easy to overlook, but on the daily chart, all four key moving average lines are now sloped downward, suggesting a bearish trend in multiple timeframes. Hormel Foods (HRL)As of last Thursday, Hormel Foods shares were almost an interesting (even if somewhat risky) bullish prospect. Although HRL stock ended that day in the red, the intraday recovery effort on the heels of a huge plunge spoke volumes. Friday's bullish follow-through bolstered the bullish case.That potential buy clue was completely negated on Tuesday, however, supplanted by a new and much more convincing sell signal. All Hormel shares had to do was kiss a couple of key technical ceilings to slip into a tailspin. * 7 Stocks to Buy for June Click to Enlarge * The pair of technical ceilings are the purple 50-day moving average line and the brush with a previous key low right around $40.50. The encounter is highlighted on the daily chart. * Underscoring the bearish case is the shape and scope (and placement) of yesterday's bar. Tuesday's open was above Friday's high, and Tuesday's close was below Friday's low. This bearish 'outside day' points to a sweeping change of heart. * Zooming out to the week chart it becomes clear the stock was already in trouble, having broken under a key long-term support line plotted in yellow as of mid-April. Eli Lilly (LLY)The last time we looked at Eli Lilly back on March 1, the chief concern was that it had rallied too far, too fast, leaving it vulnerable to a pullback. Although not in a straight line, that's exactly what took shape over the course of the next couple of months.It looked like it might come to a close and begin to rally again earlier this month. But, with some help from the market's tide, yesterday's action put the stock back within uncomfortable reach of a critical support line that hinted of a bullish reversal just a few days ago. * 7 Stocks to Buy From One of America's Best Pension Funds Click to Enlarge * The big line in the sand is the 200-day moving average line, plotted in white on both stock charts. The selloff was stopped cold there in early May, but the bears dragged it back to near that mark yesterday. * If the 200-day moving average at $115.10 can't continue to hold up as support, the next-nearest floor is right around $110. That's the line that tagged the key lows from late last year, plotted in blue on both stock charts. * If neither potential support level holds up as a floor, there's no "next best bet" nearby. The most plausible floor below $110 is below $90, where Eli Lilly bumped into resistance for the better part of 2017.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Marijuana Stocks With Critical Levels to Watch * 7 Utility Stocks to Trust for Retirement * 5 Large-Cap Stocks Getting Crushed in the Trade War Compare Brokers The post 3 Big Stock Charts for Wednesday: Juniper Networks, Eli Lilly and Hormel Foods appeared first on InvestorPlace.
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.