|Bid||63.29 x 800|
|Ask||63.30 x 800|
|Day's Range||62.90 - 64.54|
|52 Week Range||54.11 - 90.38|
|PE Ratio (TTM)||7.02|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||2.50 (4.00%)|
|1y Target Est||67.59|
Campbell Soup Co. shares jumped 9% in Monday trading after reports that Kraft Heinz Co. is interested in a takeover, but analysts don’t think a deal will take place. The New York Post reported on Friday that Kraft Heinz (KHC) is “very much interested in buying Campbell,” and believes the sales process is imminent. Kraft Heinz had no comment when MarketWatch reached out.
Investors awoke from their sleeps on the beach (or yacht, if you're a big Wall Street player), to find Trump ratcheting up trade pressure on China. The Trump administration reportedly will unveil later this week a limit on international countries' ability to invest in the U.S. tech sector, citing national security concerns. Multiple reports also said the administration was drafting plans to introduce enhanced export controls to prevent American technology from heading off to China.
The New York Post reported Kraft Heinz was interested in buying Campbell Soup. Campbell Soup earlier this year announced a strategic review, as the soup company faces immense industry pressure. Campbell Soup has not yet made a decision regarding how it will proceed with the review, though it plans to have a board meeting this week, sources tell CNBC.
Shares of Campbell Soup (CPB) are piping hot Monday morning, on reports from the New York Post that Kraft Heinz (KHC) may be interested in buying the packaged-foods company. Campbell stock, down 21% in the past year, could sure use the boost. Not that Kraft has fared much better, as it's off 18% in the past 12 months.
Co. (cpb) shares jumped 4.8% in Monday premarket trading after a New York Post report that Kraft Heinz Co. (khc) is interested in purchasing the troubled food company if it goes up for sale. Campbell Soup announced last month that is will conduct a strategic review of its portfolio and the departure of its chief executive, Denise Morrison. Campbell Soup sales have fallen for three years.
Short interest is low for KHC with fewer than 5% of shares 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. Over the last month, ETFs holding KHC are favorable, with net inflows of $10.83 billion.
Omaha! Every time Warren Buffett is mentioned, I think of Peyton Manning's ardent line-of-scrimmage call and wonder if the wisdom of the Oracle is location-specific. To "lose" to the market by 280 basis points over a five-year period is really an unacceptable performance, and it shows the lack of exposure to technology, which is endemic to Berkshire. You don't need to go to Morningstar to know that Berkshire shares have lagged the Nasdaq by a huge amount over the past five years, and that is the problem with Buffett's investing style.
Yahoo Finance's Seana Smith has a look at the stocks on the move.
Vendor sells bottled hot dog water at festival in Canada for nearly $30. Yahoo Finance's Seana Smith and Jen Rogers discuss with Benchmark CEO Kevin Kelly.
Jim Cramer zips through his take on callers' favorite stocks, including a condiment king approaching a potential peak.
U.S. Commerce Secretary Wilbur Ross speaks with CNBC's "Squawk Box" about how the trade war is affecting U.S. products and the political ramifications from the White House's heated trade rhetoric.