|Bid||0.00 x 3000|
|Ask||0.00 x 800|
|Day's Range||5.16 - 5.45|
|52 Week Range||1.30 - 9.99|
|Beta (3Y Monthly)||2.81|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.75|
The stock surging over 30% after the Colorado-based organic and natural beverage company announced a distribution expansion of its Marley brand with Walmart. Melody Hahm and Heidi Chung discuss.
New Age Beverage Corporation (NBEV) closed the most recent trading day at $5.26, moving +1.15% from the previous trading session.
PepsiCo's (PEP) first-quarter 2019 results gain from strong operating performance at international divisions, and North America snacks and beverage businesses. The company reiterates view for 2019.
PepsiCo (PEP) buys the CytoSport business from Hormel Foods for $465 million. Muscle Milk and Evolve brands are likely to enhance PepsiCo's nutrition portfolio.
The cannabis industry is evolving rapidly, and we've seen some big moves happening lately that are going to have a significant impact on the retail environment both locally and internationally. New Age Beverages is one of the first-movers in the segment, and on Monday it made huge progress when it announced a deal with Walmart Inc (WMT). It's a big move for New Age as it puts its energy drinks in a big national retailer that will help The Company gain exposure.
Cannabis stocks were mostly lower Monday, as investors moved to the sidelines to await the fate of a bill that aims to provide protections for companies in states that have legalized weed.
New Age Beverages (NBEV) stock skyrocketed nearly 40% in Monday's trading session as the CBD drink maker signed a major distribution deal with the largest retailer in the world. The deal shows that New Age has growth potential with or without CBD-infused beverages that skyrocketed the stock to $10 last year. A unique opportunity exists to own the stock in the $5 range.Regional To NationalFor the most part, New Age was mostly a regional player lacking the capital for a national or even global rollout of the portfolio of beverages. The company has an interesting mix of drinks that include yerba mate teas like Marley, natural green tea like Xing and organic live kombucha tea like Bucha along with coconut water like Coco-Libre. Until last year, the company lacked the capital and infrastructure for a national expansion leading to weak results.The closing of the Morinda deal made New Age a global company with a revenue base in excess of $300 million. Along the way, the company added capital providing a cash cushion in the $50 million range along with a new credit facility.The end result is that New Age landed a national account deal with Walmart for the Marley brand. The Marley mate drink should start hitting Walmart shelves here in early April.The deal could be just the start of a national expansion plan that could include additional retailers along with morel products at existing retailers like Walmart. The largest retailer alone has 11,300 stores and does over $500 billion in annual sales.More Capital In all regards, New Age is a very small beverage company. The core domestic business generated less than $60 million in gross revenues last year.The Marley, Bucha and Xing brands were already generating strong revenue growth, but the lack of capital last year caused New Age to miss targets. The company forecast some $20 to $30 million in revenue growth this year generally from these brands when accounting for the acquired business from Morinda that placed the revenue run rate in the $300 million range.The company already had a placeholder for an additional $30 million in CBD-infused beverage sales that could boost the revenue target above the $320 million forecast. This Walmart deal should provide another big boost for a stock with only a $360 million market cap before this announcement sent the stock soaring.The one warning here is that New Age constantly over hypes growth expectations having missed analyst estimates every quarter in 2018. The product is shipping to Walmart distribution locations in April so the sales numbers won’t be included in earnings results until the Q2 report that wasn’t released until mid-August last year.TakeawayThe key investor takeaway is that the stock is highly volatile and probably shouldn’t have traded below $5. New Age has a viable business beyond the CBD drinks in the works so investors shouldn’t get too down on the stock or over hyped on the CDB potential.Regardless, New Age Beverages makes for an interesting high risk/high return in the health and wellness space combined with a cannabis play. The irony is that the stock doesn’t trade at the high multiples of sales similar to other cannabis stocks. If the company beats revenue targets, the stock will trade much higher.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here. Disclosure: The author has no position in NBEV. Read more: A New Dawn for Cannabis Stock New Age Beverages (NBEV) More recent articles from Smarter Analyst: * Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction * Why Autonomous Could Be a Strong Driver for Nvidia (NVDA) Stock * Microsoft (MSFT) Stock's Big Rally Should Continue * Oppenheimer Still Sees 40% Upside for Tesla (TSLA) Stock
It's not typical on Wall Street that one day will define a trend. But this rarer occurrence does appear to be setting up for New Age Beverages (NASDAQ:NBEV) and NBEV stock bulls.Source: Shutterstock Sometimes investors simply have to embrace just what a difference a day can make for a company and its shares going forward. And right now this less-common, game-changing feat is in play in specialty drinks maker NBEV stock following a very bullish session to kick off the trading week.Word on Monday that the beverage play's Marley Mate has a distribution deal with the world's largest retailer Walmart (NYSE:WMT) was chugged down by investors as shares soared more than 38%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNew Age Beverages is best known for a future line of drinks infused with CBD, the non-intoxicating ingredient in cannabis, when and if, regulators from the U.S. Food and Drug Administration give it the green light. * Top 10 Index Funds to Build a Retirement On For now, Marley Mate, an organic yerba mate beverage, is still a big win for NBEV stock. And the company can now reach a national market through Walmart stores, potentially see a large increase in sales and profits, while still having a potential ace in the hole with a CBD beverage down the road. NBEV Stock Weekly Chart Click to EnlargeMy thoughts when looking at the weekly view of NBEV stock are shares could get a good deal higher from their current position without help from regulators. The thing is, despite Monday's eye candy-like percentage gain, New Age Beverage isn't overbought -- and, in fact, shares could be considered a buy today.For one, there's an oversold stochastics crossover signal in place. Nice, right? Also a plus, NBEV shares are still inside the weekly Bollinger Band and price action is now confirming a higher-low pattern in an emerging uptrend.All told, there are reasons for purchasing NBEV stock today. Having said that, I am more agreeable to waiting on one of two scenarios to play out on the price chart of NBEV stock before initiating a purchase. Buying NBEV StockThe first situation that could make for a much lower-risk entry is for a simple pullback pattern of three to possibly seven days to develop in NBEV stock. If this was to occur being ready to purchase a confirmed pivot low and having a trailing stop loss initially placed below the pattern makes sense.The second type of favored purchase in NBEV stock is momentum-based. Seeing how NBEV stock isn't overbought yet, buying shares above $7.20 looks approachable without having to take on additional risk on the price chart.An entry thru $7.20 will allow shares to reclaim the former high from 2017. Also, by sacrificing some profit, NBEV can get above its weekly closing high in 2019, which found resistance at the prior high and a level now reinforced by the apex of a bearish triangle.A stop-loss is also definitely required when entering on momentum. Here, I'd suggest $1.00 of exposure. That keeps risk manageable in a volatile stock without playing it too close to the vest and getting stopped out prematurely. And if all goes well, this trader will be in position to ride a bonafide uptrend -- and quite possibly to fresh highs above $10 that don't go up in smoke.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Why New Age Beverages Stock Is Much More Attractive Now appeared first on InvestorPlace.
Investors need to pay close attention to New Age Beverages (NBEV) stock based on the movements in the options market lately.
Although the market spent most of yesterday in the red, when push came to shove as the closing bell approached though, the bulls ended up winning. It was a low-volume, lethargic effort, but the S&P 500 managed to end the day up 0.1%.Snap (NYSE:SNAP) set the pace, and the tone, gaining 3.6% as investors continue to celebrate the prospects and potential of adding mobile gaming to its app. New Age Beverages (NASDAQ:NBEV) was the headliner on Monday though, up more than 38% on the heels of news that some of its "Marley" beverages would be sold at Walmart (NYSE:WMT).At the other side of the spectrum, General Electric (NYSE:GE) fell more than 5% after J.P. Morgan analyst Stephen Tusa reminded investors exactly why he's still bearish on the industrial giant's rebound effort. He downgraded GE stock to "Underweight," and simultaneously lowered his price target to $5.00.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into Tuesday's trading, however, it's stock charts of Cabot Oil & Gas (NYSE:COG), Principal Financial Group (NASDAQ:PFG) and Westrock (NYSE:WRK) that are worth the closest looks. Here's why, and what to look for. Westrock (WRK)With nothing more than a quick glance, Westrock looks like it's still stuck in a downtrend, and just chopping around. And, maybe it is. * 7 High-Risk Stocks With Big Potential Rewards But it's teetering close enough to a major breakout move that a closer look is merited. A little more bullishness could carry WRK over a key hump and unleash months' worth of pent-up buying. Click to Enlarge • One of those ceiling is $40.13, plotted with a horizontal dashed line on the daily chart. Shares have been stuck under that level since mid-February, but Westrock is increasingly putting pressure on that resistance.• The other technical resistance coming into play again is the gray 100-day moving average line, currently at $40.53. The last time this line was brushed in September it ended serving as the start of a major tumble.• If the potential breakout takes hold, the most likely "next" target would be around $45.60, where the white 200-day moving average line is, and the line that's touched all the key peaks since early 2018 currently lies. That ceiling should be adjusted lower as needed. Cabot Oil & Gas (COG)Back on Feb. 22, Cabot Oil & Gas was featured as a turnaround candidate. It struggled for the first half of last year, but over the course of the latter half of 2018 and early 2019, the bulls chipped away at a turnaround.That didn't happen. In fact, the sellers took charge that very day. The pullback, however, was stopped and reversed exactly where it needed to, and the stock eventually worked its way back above a key technical ceiling. Thanks to yesterday's action, the budding uptrend is even better solidified, finding support once again at a key technical support level to log the best daily close in over a year. Click to Enlarge • The driving force of the new uptrend is the floor that's tagged all the lows going back to the last day of last year, plotted in red. That was the reversal point last week too.• Zooming out to the daily chart puts things in perspective. This is the beginning of the second push out of a U-shaped reversal effort. This one may unwind the 2014-2015 selloff that 2017's effort couldn't.• While Monday's volume was better than the volume seen in the past few weeks, it's still below average and not necessarily enough of a majority opinion to really provide a rock-solid undertow. Principal Financial Group (PFG)Last year was a particularly tough one for Principal Financial Group, with PFG stock falling from a peak near $76 to December's low around $41. Shares have snapped back in the meantime, but that has not been terribly impressive, as most stocks have been rallying since January.The rebound effort unfurling here is about to get a whole lot more interesting, however, in a good way. Shares are knocking on the door of a well-defined technical ceiling that, if hurdled, could spur a major wave of buying that cuts into much more of last year's losses. Click to Enlarge • The ceiling in question is $53.50, plotted in red on both stock charts. As of Monday, the rally effort has balked there for a third time.• Although it wouldn't materialize for a few more days, and until after a break above $53.50, we're nearing a so-called golden cross where the purple 50-day moving average line moves above the white 200-day line.• If Principal shares do break out, the next checkpoint target is around $61, plotted in yellow on the weekly chart. That's where shares hint a key ceiling in September of last year.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 * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post 3 Big Stock Charts for Tuesday: Westrock, Cabot Oil & Gas and Principal Financial Group appeared first on InvestorPlace.
The natural beverage company is already shipping to Walmart distribution centers and each of the three flavors of Marley Mate will be available at stores this month. The deal comes two years after New Age Beverages agreed to buy the assets of Marley Beverage Co. New Age Beverages is developing a line of drinks infused with CBD, the non-psychoactive ingredient in marijuana that is said by is proponents to help with everything from arthritis to insomnia.
Shares of drinks company New Age Beverages Corp. soared more than 22% Monday, after the company said it has reached an agreement to sell certain products at retail giant Walmart Inc. . The company said it will start selling three flavors of Marley Mate, an organic yerba mate beverage, in early April. "This is just the first initiative that we expect to do with them on the Marley brand and other New Age products on which we are in active discussions," Craig Thibodeau, vice president of key accounts for New Age said in a statement. The company acquired the Marley portfolio in 2017 and last year announced plans for a line of drinks infused with CBD, a non-intoxicating ingredient in cannabis. Those plans have been put on hold after the passage of the December Farm Bill, which legalized hemp but not CBD, which has now come under the purview of the U.S. Food and Drug Administration. That agency has said it is not allowing CBD to be added to food, drinks or cosmetics for now. New Age said it is planning to launch a Marley Mellow Mood with CBD globally in 2019. A spokesperson said the company is planning to fully comply with FDA rules. The FDA is to hold talks this month on how to regulate CBD, which it views as a drug, because it is part of the only cannabis-based drug to receive FDA approval as a treatment for severe forms of childhood epilepsy. New Age shares have gained 178% in the last 12 months, while the S&P 500 has gained 10%.
NBEV stock is flying high today on news of an expanded deal with Walmart (NYSE:WMT).Source: Shutterstock New Age Beverages (NASDAQ:NBEV) notes that its deal with Walmart is expanding to include its Marley brand of drinks to the retailer. This is a positive for NBEV stock as it will allow the company's drink to reach a larger group of customers.It isn't just that the deal is good because its Marley, but rather because of the scope of it. This marks the first time that New Age Beverages has signed a national distribution deal in the U.S. It's also a positive for NBEV stock due to WMT being the largest retailer in the country.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"This is just the first initiative that we expect to do with them on the Marley brand and other New Age products on which we are in active discussions," Craig Thibodeau, Vice President of Key Accounts for New Age Beverages, said about the deal with Walmart. "We know Walmart is equally as committed as New Age to providing healthier products for their customers, and we expect to make the full portfolio of New Age's better-for-you products available as we expand the relationship." * 7 High-Risk Stocks With Big Potential Rewards New Age Beverages also notes that it is expanding the Marley brand with other new versions of the drink. This includes a version coming in 2019 that will include CBD oil. However, don't expect this to show up on WMT shelves anytime soon.NBEV stock was up 21% as of noon Monday, but is down 9% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post NBEV Stock Soars on Expanded Marley Deal With Walmart appeared first on InvestorPlace.
The distribution expansion with Walmart is the first national account penetration for New Age Beverages. The company acquired the Marley Brand in 2017, subsequently making it one of its leading brands that include Organic Marley Mate and Marley Cold Brew. Marley Mate is an organic mate beverage that acts like a natural energy drink.
Gaining national distribution is a big deal for any young company, but NBEV's expanded deal with the largest retailer is even bigger.
The company's Marley Mate brands will be sold on Walmart shelves in three flavors. New Age acquired Marley in mid-2017 and in 2018 it saw demand for the drink increase 70%. The company's partnership with Walmart is its first national distribution deal.
DENVER, COLORADO / ACCESSWIRE / April 8, 2019 / New Age Beverages Corporation (NBEV), the Colorado and Utah-based organic and natural beverage company intending to become the world's leading healthy beverages and lifestyles company, today announced the distribution expansion of their Marley brand with Walmart, the world's largest retailer. Marley Mate led its category growth in 2018.
The cannabis space cooled down last month, due in part to a spate of quarterly earnings releases that failed to excite investors.