50.54 -0.10 (-0.20%)
After hours: 6:19PM EDT
|Bid||50.55 x 2200|
|Ask||50.70 x 1300|
|Day's Range||50.53 - 51.30|
|52 Week Range||42.96 - 52.19|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||32.19|
|Forward Dividend & Yield||1.60 (3.26%)|
|1y Target Est||N/A|
When folks think of the Berkshire Hathaway (BRK.B) portfolio and its collection of holdings, most of which were selected by Chairman and CEO Warren Buffett, the companies that most readily come to mind are probably American Express (AXP), Coca-Cola (KO) and, more recently, Apple (AAPL).But a deep dive into Berkshire Hathaway's equity holdings reveals a more complicated picture.Berkshire Hathaway held positions in 48 separate stocks as of March 31, according to regulatory filings with the Securities and Exchange Commission. But the portfolio of "Buffett stocks" isn't as diversified as the number might suggest. In some cases, BRK.B holds more than one share class in the same company. Some holdings are so small as to be immaterial leftovers from earlier bets the Oracle of Omaha has yet to completely exit.And perhaps most importantly, Berkshire Hathaway's equity portfolio is actually pretty concentrated. The top six holdings account for almost 70% of the portfolio's total value. The top 10 positions comprise nearly 80%. Banks and airlines, to cite a couple of sectors, carry quite a load in this portfolio. Then there's the fact that several Buffett stocks actually were picked by portfolio managers Todd Combs and Ted Weschler.Here, we examine each and every holding to give investors a better understanding of the entire Berkshire Hathaway portfolio. SEE ALSO: The 19 Best Stocks to Buy for the Rest of 2019
BMO Capital Markets lifted its price target on the beverage maker’s stock citing an upbeat growth outlook for the coming years.
In a frothy market you can get a mighty high multiple if you're in the right niche. Like marijuana. That's the story of New Age Beverages (NASDAQ:NBEV). NBEV stock tripled last September after announcing a drink containing CBD. Its drinks even have a picture of the late Bob Marley on them.But pot isn't NBEV's real business. Canned beverages are its business. Things like coffee, tea and kombucha. Sodas with strange combinations like watermelon and coconut, the kind of stuff you'll try at a soda ranch on Route 66.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince that September explosion, where it briefly traded at almost $9, NBEV stock has lost its fizz, settling into a trading range of between $4-6 per share. But its market cap, $350 million, remains impressive for a drinks company with March quarter sales of $58 million, and no profit.But still. Pot! What NBEV Is Up ToNew Age Beverages has used its moment in the pot limelight to bulk up the product line. The highlight was this month's purchase of Brands Within Reach, for $6.4 million, only $500,000 of it cash. * 7 Top-Rated Biotech Stocks to Invest In Today Brands Within Reach has brand licensing and distribution rights for some mainstream beverages, like cold Nestea and Illy coffee. The idea is that this gets New Age in the door at mainstream retailers like Walmart (NYSE:WMT) and Costco Wholesale (NASDAQ:COST), which then might look at its more esoteric brands.This came just six months after buying Morinda Holdings, another small company but with distribution in 60 countries. The idea there was to expand the market for its CBD products.The Morinda combination is already in the numbers due to be reported August 8, where sales of $70.8 million are expected. Following on the first quarter take of $58 million, that's good growth and, if the pattern persists through the year, it could lead to sales equaling the stock's current market cap by this time next year.That's important, because New Beverage CEO Brent Willis knows he's in the drinks business, not the pot business. He promised to focus on execution after buying Morinda, but the chance to buy into serious beverages with just stock was too good to pass up. What Next for NBEV Stock?Some analysts got very bullish on New Age after the Morinda buy, predicting imminent profits and a steady rise to $9 per share, which would be double its current level.InvestorPlace's Josh Enomoto disagrees. He sees the Brands Within Reach acquisition as a turn away from CBD, the source of its frothy valuation. He also sees the current brands as nothing special.Personally, I like the Brands Within Reach deal. NBEV now has both brands that can get it into the door of big retailers and global distribution for its CBD products. But drinks remain a risky business, a land of giants in which NBEV is a mouse. If Coca-Cola (NYSE:KO), Pepsico (NYSE:PEP) or even Keurig Dr Pepper (NYSE:KDP) decided there was something to this CBD thing, they could blow NBEV out of the water quickly. The Bottom Line on NBEV StockI think the owners of Brands Within Reach know all this, so there's an overhang of almost $6 million in stock, itching to be sold right now.Much of the rest of the common stock is held by speculators looking for a quick payout. Institutions hold just over 13% of the common, against almost 26% held by insiders. I think they will bail, too, at the first sign of bad news. * 7 Top-Rated Biotech Stocks to Invest In Today In other words, NBEV stock has a sell-by date, and execution alone won't stave it off.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. Compare Brokers The post NBEV Stock Is More Than Just CBD -- But It's Still Not Enough appeared first on InvestorPlace.
Opportunity lies with low and falling interest rates, says Mark DiOrio of Brookstone Capital Management. You just need to position yourself right.
In commodities, crude oil fell 0.7% to $52.17 a barrel after reaching an earlier high of $52.91. CFTC data showed the number of long speculative positions on oil had fallen to its lowest level since March last week after a seventh straight weekly drop. Gold futures slipped 0.6% to $1,337.15 a troy ounce while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 97.032.
Understand more about the Coca-Cola company and the PepsiCo company. Learn about the key similarities and differences that make both companies successful.
The former head of one of Atlanta's most recognized global companies has purchased a three bedroom, high-rise condominium in Buckhead. Retired Coca-Cola Chairman and CEO Muhtar Kent, as trustee of the Muhtar Kent Revocable Trust as amended and restated dated 4/23/18, bought Residence 2010 at the St. Regis Atlanta, 88 W. Paces Ferry Road, Atlanta, for $4.35 million from SR Atlanta Residences LLC, a Georgia limited liability company, on May 15, according to Fulton County property records.
Nike joins the list of major brands partnering with Netflix to release “Stranger Things” themed products ahead of the Season 3 debut.
The long-term prospects for Cronos Group (NASDAQ:CRON) stock look good. That is, if you ask CRON stock fans. There is almost no convincing them otherwise. Critics of Cronos Group stock and the whole industry can offer smartest arguments to prove that the cannabis stocks are headed for disaster, but it will all fall on deaf ears.Source: Shutterstock The bullish thesis for the industry is so vague and the scope is so widespread that it's almost impossible to kill it this year. It is a multi-headed beast where if the bears chop off one head, many others will stare them down with sharp teeth.Don't take my word for it, just consider the scoreboard. CRON is up 64% year-to-date -- leading the pot stock pack. The ETFMG Alternative Harvest ETF (NYSEARCA:MJ) is up only 30%. And I say this while I chuckle because that's still double the S&P 500 performance for the same period. So CRON is up four times more than the S&P.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Growth Stocks That Could Be the Next Big Thing This is similar to how it was for Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) in their infancy stages. This is also very similar to the current situation with Beyond Meat (NASDAQ:BYND) and even Uber (NYSE:UBER). The bullish thesis for these types of pioneer stocks is too vague to try too short this early.This is not the same as saying that I drank the Kool-Aid think pot stocks will be as successful as AMZN long term. I am merely saying that it's too early to short them. Trading CRON StockSo do I go all in on CRON? No, but still this all depends on individual time frames and risk appetites. One thing is for sure, pot stocks make for great short-term trading vehicles so CRON has opportunities on both the upside and downside. Those who believe in it long term, this is as good as any to buy at least half their position. It is futile to wait for a perfect sign to enter.Mid term, I favor the upside potential through the rest of the year for CRON stock because it established a solid band of support. Since January of 2018, $14 per share played an important role. It served as a major pivot point, so it is an area where bulls and bears are consistently eager to fight it out hard.This creates congestion so it becomes a sticky zone. And since CRON stock price is above it, the bulls can use it as solid footing. Meaning onus is on the bears to break that. Otherwise, every dip towards it is a buying opportunity. Sustaining the selling then becomes almost impossible.So this leaves us with evaluating the upside potential at hand. Earlier I mentioned that there are shorter- term time frames to trade. Above $18 per share, CRON will invite momentum buyers to launch a $4 rally from there. There will be resistance near $20. This sounds like a wild statement, but it is doable for such a momentum stock.I also noted that the $14 per share zone is a long term pivot, but so is $16. Specifically for this year, it served as a major point of contention. So I expect $16 to be the immediate support. For those who like to sell credit put spreads to generate income, that would be a good short-term level to consider.Conversely, there is risk below especially due to trade uncertainties. So we are vulnerable to geopolitical headlines to cause sporadic selloffs. If Cronos stock fills the gap below and falls below $13.5 per share, it could trigger a $2 overshoot. While this is not my forecast, it is a scenario that exist below. The Bottom Line on Pot StocksIt is also important to note that I am not a super fan of the whole cannabis sector. But I do recognize that it's a tough short.This is a brand new industry to Wall Street, and marijuana still illegal at the federal level in the U.S. So it has everything going against it. Yet pot stocks still have so much support from everyone from retail investors to mega corporations. Constellation Brands (NYSE:STZ) and Altria (NYSE:MO) were the first two to dip their toes in the water by throwing billions at Canopy Growth (NYSE:CGC) and CRON so we know that they are the best leading cannabis companies.This is just the beginning.Dozens more companies are waiting and trying to figure out how they can also grab a piece of this pie. We all know about the popularity of recreational pot. But there are the slew of other applications that are extremely interesting. Mainly medicinal, edibles, and portables. There is a strong consensus that people will be drinking pot-infused drinks instead of soda, beer or wine. * 7 High-Quality Cheap Stocks to Buy With $10 I am not here to judge whether this is a realistic goal; it's definitely not in the very near term, but it's not out of the realm of possibilities. So the theoretical addressable market is literally incalculable. So what are the bears shorting? Without any negative headlines Cronos stock is going higher.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Cronos Group Stock Is Just Getting Started appeared first on InvestorPlace.
Coca-Cola Co NYSE:KOView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for KO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KO. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding KO are favorable, with net inflows of $12.10 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 swap | NegativeThe current level displays a negative indicator. KO credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.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.
The Dow gained 24 points or 0.1% by 9:40 AM ET (13:40 GMT), while the S&P; 500 rose 0.8 points or 0.03% and tech-heavy Nasdaq composite lost 10 points or 0.1%.
The ninth-annual BB&T; Atlanta Open, scheduled for July 20-28, is in its first year of a new 5-year contract with Atlantic Station.
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
A video released by ARM, shows Fair Oaks Farm employees kicking, throwing, stomping on and hitting cows. There is also footage of calves being left out in extreme heat and being branded with hot irons.
Since coming public in June 2016, Twilio (NASDAQ:TWLO) shares have been a rocket ship for investors. Shares that first traded at $24 three years ago are worth $144.11 as of the close on June 7, a gain of 500%. They're up 860% from the initial IPO price.Source: Web Summit Via FlickrCredit goes to rapid growth for the Web-based communications company, with revenue now rising at 30% every quarter. For the March quarter the company pulled in $233 million, against $650 million for all of 2018.Note that we haven't mentioned profits. There still aren't any. Losses are continuing to increase, as research and selling expenses swallow gross profits that are still more than half of revenue. Thus, the company has launched a $750 million share offering, and allowed underwriters to buy an additional $112.5 million of stock at $133.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the question in cases like this is always, can management land the rocket ship? The Bull Case for TWLO StockThe bull case starts with CEO and co-founder Jeff Lawson, who also co-founded Stubhub and was one of the original product managers at Amazon (NASDAQ:AMZN) Web services.Lawson has been profiled as "the wizard of apps," because Twilio's APIs let companies add fully automated text and voice services to their apps. Twilio software is now used by customers ranging from Coca-Cola (NYSE:KO) to Facebook (NASDAQ:FB). * 7 Stocks to Buy As They Hit 52-Week Lows Investors are betting that Lawson can beat the "bad actors," tracking use of the platform to keep out spammers and robocallers, using machine learning to spot efforts at phishing and abuse. This, and automating protection under Europe's General Data Privacy Regulation (GDPR), helps keep Twilio from becoming a commodity product. Bulls are also betting Lawson can keep spotting good acquisitions like Sendgrid, an e-mail platform purchased last year for $2 billion.Bulls can also point to institutional confidence in Twilio. Institutions now own more than 50% of the common. These investors can usually distinguish between short-term success and sustainability. The Bear Case for TwilioThe bear case starts with the fact that voice, text and e-mail are commodity services, and that this market is shrinking as data calls replace voice calls.Speculators are already seeking options protection for their long positions, concerned that growth has to slow as the market is absorbed.Our James Brumley is among those who insist the company's growth can't be sustained. He writes both start-ups and giant companies like Cisco Systems (NASDAQ:CSCO) can incorporate Twilio's concepts in their apps, and that scale isn't yet leading to profit.This is what I mean about landing the rocket ship. Many companies grow quickly only to falter when it comes time to turn revenue into profit. Securing apps is becoming an increasingly vicious game. The Android operating system of Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google unit was recently infested with adware that can wreck phones, through what had been a reputable app provider.But competing with bad guys is competing. If Twilio can continue to secure its services, real profit becomes possible. The Bottom LineInvestors who have ridden the Twilio rocket ship to this point are right to try to lock in their profits and seek protection, if only because large numbers are harder to grow than smaller ones. With a market cap approaching $20 billion on trailing year sales of $650 million, Twilio is more than fully valued.But I wouldn't hit the panic button just because antitrust officials are going after the Cloud Czars upon whose success apps like Twilio depends. Get your money out, seek protection but know that a hard fall may become a buying opportunity.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Twilio Needs to Figure Out How to Land the Rocket Ship appeared first on InvestorPlace.
That's four big daily wins in a row for stocks, with the S&P 500's gain of 1.05% on Friday. It's still too soon to call it the beginning of a recovery move; it's almost too much, too fast. But, it buys time for the bulls to regroup.Source: Allan Ajifo via Wikimedia (Modified)Microsoft (NASDAQ:MSFT) carried more than its fair share of the weight, rallying 2.8% to cross back above the $1 trillion market cap mark. Weighing the market down was the 1.26% tumble from Bank of America (NYSE:BAC), setting the tone that adversely impacted most other banking names. Concerns of interest rate cuts rattled bank investors, as lower interest rates threaten bank profits. * 7 A-Rated Stocks to Buy Under $10 Neither are especially compelling trading prospects headed into this week's trading action though. Rather, take a look at stock charts of McKesson (NYSE:MCK), Coca-Cola (NYSE:KO) and CenterPoint Energy (NYSE:CNP). Here's why, and what needs to happen next.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CenterPoint Energy (CNP)When we last looked at CenterPoint Energy back on May 15, it had just pushed up and off of its 200-day moving average line, only to run into resistance again. While it could have gone either way at the time, the bears actually had the edge.Since then, the 200-day line failed to keep the stock propped up. Sure, CNP snapped back in early June to cross back above the very same 200-day moving average line. With the shape and placement of Friday's bar, however, it appears CenterPoint shares are back en route to even lower lows. Click to Enlarge * The red flag is Friday's engulfing pattern, meaning the high open and low close completely engulfed Thursday's low/high range. Such a sweeping change of heart is telling. * Simultaneously, the big bearish swing also dragged CNP back below the pivotal 200-day line, plotted in white on both stock charts. * If the selling gets traction, the next likely landing spot is just under $27, where CNP found support for the better part of last year. Coca-Cola (KO)With nothing more than a quick glance, Coca-Cola looks enticing. Shares have been rallying quite well since February's low, seemingly unstoppable. The fact that a long-term resistance line, plotted in white on the weekly chart, was hurdled last week only bolsters the bullish argument.A closer, more thorough look at the weekly chart, however, reveals the advance just bumped into another rather well-established ceiling. Meanwhile, the shape of Friday's bar also suggests we're ready to pivot back into a pullback. * 10 Stocks to Buy That Could Be Takeover Targets Click to Enlarge * Friday's high aligns with the prior two major peaks from KO stock, plotted in red on the weekly chart that's also on the verge of an overbought RSI indicator. * In the daily timeframe, the open and close both near the low of a relatively tall bar, which also suggests a move from a net-buying to a net-selling environment. * While the stage is set, the move won't be complete until we get a confirmation in the form of a lower close. McKesson (MCK)Finally, given its multi-year history, doubting McKesson is on the mend now wouldn't be a tough conclusion to make. And, that may well be the case here despite a couple of bullish curiosities. Nevertheless, those curiosities are worth pointing out, as a recovery effort from here could lead into a major rally effort. Click to Enlarge * Most noteworthy is also the least noticed … not only are we now seeing a bullish MACD convergence, the most recent MACD crossover took place above the prior one. It points to a longer-term advance that needs multiple efforts to get going. * At the same time, notice on the daily chart that all the key moving average lines are about to converge after last year's divergence. The big clue to watch for is the purple 50-day average crossing above the white 200-day line. That's a "golden cross" that suggests more bullishness ahead. * The ultimate ceiling, however, is currently at $135. That's the line that connects all the major peaks since September, marked in yellow on both stock charts.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) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post 3 Big Stock Charts for Monday: CenterPoint Energy, McKesson and Coca-Cola appeared first on InvestorPlace.