|Bid||0.00 x 800|
|Ask||42.45 x 800|
|Day's Range||42.20 - 42.58|
|52 Week Range||41.45 - 48.62|
|PE Ratio (TTM)||145.21|
|Forward Dividend & Yield||1.56 (3.50%)|
|1y Target Est||N/A|
Yahoo Finance's Seana Smith on the stocks making headlines in intraday trading.
At a sampling event here, hundreds of people lined up for a taste, including some who didn’t expect to find the American company experimenting with Japanese-style booze. , 59, a financial planner, thought one of Coca-Cola’s competitors was relaunching an old favorite. “I’m a bit surprised that this is a Coca-Cola brand,” he said.
Indeed, several of the largest and best-known consumer stocks in the world are trading at or near multi-year lows. Most have dropped at least 15% — a huge decline for stocks that are generally docile. Challenges in the consumer products space are very real.
Consumer staples stocks have been one of the worst performing sectors among the S&P 500 industries for more than a year now, but that sell-off in the makers of everything from ketchup to sunblock may be overdone, at least according to Brad Sorensen, head of market and sector analysis for Charles Schwab's Schwab Center for Financial Research. In a recent blog post, the analyst at The Charles Schwab Corporation ( SCHW) said that, while stocks in the sector have been getting beaten up over competition and concerns that rising costs could hurt margins, fears may be unwarranted. After all, when it comes to the retail sector, the one competitor that everyone is worried about is Amazon.com, Inc. ( AMZN).
Stephanie Link, Managing Director at Nuveen, which has $970B in assets under management, added to Philip Morris PM , Coca-Cola KO , and Estée Lauder EL this week. Staples is the worst-performing sector this year, on pace for its fourth straight month of losses, and its worst year in a decade.
American master of the horror tale H.P. Lovecraft once wrote, “The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is fear of the unknown.” Surely that applies to spooking readers. “The trick is being able to identify those things that everybody else is fearful of and turn it around,” says Andrew Clifford, Platinum Investment Management’s chief investment officer, in a video on the Australian hedge fund’s site. Platinum says its investment style is seeking out companies “whose true worth and prospects are yet to be fully recognised by the market.” For example, Platinum was buying shares of offshore drilling contractor Transocean (RIG) in the first quarter when the outlook for energy was weak.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
Top brands that command premium pricing and customer loyalty can create significant competitive advantages over peers. General Mills, Inc (NYSE: GIS ) offers a portfolio of leading brands and recently ...
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 33 years ago, Quantum Computer Sciences was founded in Delaware. Where The ...
Coca-Cola (KO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Consumer staples stocks have taken a bit of a beating this year, struggling even more than the rather sluggish performance of the broader market. As for the top three holdings in the XLP, Coca Cola is down 7.6%, PepsiCo is down 16.2%, and Procter & Gamble is down 19.3%. Far from being a warning sign that there’s something wrong with consumer staples, this “universal carnage is leaving opportunities,” according to CEO Jenny Van Leeuwen Harrington of Gilman Hill Asset Management.
Logistics and transportation stock Schneider National is testing a new buy zone as its relative strength line hits a new high.
Seasoned dividend investors know that there are big differences between stocks that pay dividends and companies that legitimately have “dividend stocks.” Companies in the latter category have, in many cases, displayed lengthy commitments to not only paying dividends but growing payouts as well. Many investors label companies with long dividend track records as “dividend aristocrats.” That is not just a catchy term. There are indices devoted to dividend aristocrats, including the S&P 500 Dividend Aristocrats Index.
Apple (phones), Google (search), Microsoft (software), Facebook (social) and Amazon (retail) dominate their respective sectors thanks to winning products and services. The five tech brands above do it better than anyone else and are the five most valuable brands in the world by Forbes’ count, worth a combined $586 billion, up 20% from last year. Leading the pack as the world’s most valuable brand for the eighth straight year is Apple, with a value of $182.8 billion, up 8%.
Consumer staples have been slumping lately, and key exchange traded funds tracking the sector are down from 6% to 13% this year, through Tuesday's close.
McDonald's is the latest franchise to get a taste of Coca-Cola's push to build exclusive drink menu items.
Simply Beverages announced Monday that it's introducing a new, healthier line of juices.
During Berkshire Hathaway’s (BRK-B) annual shareholder meeting, chair Warren Buffett said, “We’ve seen steel costs increase somewhat,” according to Reuters. Notably, US steel prices have spiked this year, and we’ve seen a widening of the spreads between international and US steel prices.
The consumer staples sector's 2018 woes are well-documented, but fresh data points underscore the sector's struggles. Last Friday, the Consumer Staples Select Sector SPDR (NYSE: XLP), the largest exchange traded fund tracking the sector, fell 0.62 percent. The culprits behind the sector's struggles are in plain sight, including rising Treasury yields, a stronger dollar and some slumping emerging markets currencies.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included one of the most recognized brands in the world. Bearish calls included a department store operator ...
Procter & Gamble (PG), for one, has boosted its payout for 62 straight years. Beverage firms, he says, have “superior pricing power” that’s “driven by greater channel diversity, less fragmented categories from a competitive standpoint, and lower private-label penetration.” And, he contends, “Large retailers are less likely to push beverage companies around as much.” Still, investors certainly have pushed Coca-Cola (KO) and PepsiCo (PEP) around, pummeling their stocks by 8% and 18% this year, respectively. PepsiCo is expected to increase earnings next year in the high-single-digit range, to $6.11, from an estimated $5.70 this year.
The Coca-Cola Co. is set to unveil the newest innovation – the Coca-ColaFreestyle 9100 – at the National Restaurant Association tradeshow in Chicago.