|Bid||53.450 x 28000|
|Ask||53.460 x 1300|
|Day's Range||53.330 - 54.080|
|52 Week Range||48.760 - 58.950|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.49|
|Expense Ratio (net)||0.14%|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest market moves after Restaurant Brands reports a quarterly beat on both its top and bottom lines, while raising full year guidance.
With seasonal volatility, rising interest rates, uncertainty over a tariff war with China and fast-approaching mid-term elections all on the minds of investors, the best ETFs to buy now are those that invest in defensive areas of the market.
Can Philip Morris Outperform Analysts’ Expectations in Q3 2018? Philip Morris International (PM) is scheduled to announce its third-quarter earnings before the market opens on October 18. On October 12, the company was trading at $82.31, which represents a rise of 0.2% since the announcement of its second-quarter earnings on July 19. In the second quarter, which ended on June 30, Philip Morris posted adjusted EPS of $1.41 on revenues of $7.73 billion.
As bond yields rose last week, tech stocks underperformed. But some stocks that act like bond proxies have done the opposite of what might be expected: They are rising.
Shares of PepsiCo Inc. fell 1% in premarket trade Friday, extending losses seen since the beverage and snack company reported results earlier this week, after Macquarie Research downgraded the company, saying revenue growth is becoming more expensive. Analyst Caroline Levy cut her rating to neutral from outperform, and slashed her stock price target to $107, which is just 0.4% above Thursday's stock closing price, from $122. Although the Pepsi and Frito Lay parent reported early Tuesday fiscal third-quarter sales that rose above expectations, Levy noted margin fell on more brand spending, currency-driven increases in input costs abroad and higher freight costs. "Organic sales growth will require more investment," Levy wrote in a note to clients, and "we believe these pressures will remain a drag on margins." The stock has shed 4.6% amid a four-session losing streak, including a 3.7% decline the past three sessions despite the earnings and sales beat. Meanwhile, the SPDR Consumer Staples Select Sector ETF has slipped 0.8% the past four sessions and the S&P 500 has eased 0.4%.
As of September 24, Philip Morris International (PM) was trading at $81.61, which represents a YTD (year-to-date) decline of 22.8%. A decline in cigarette shipment volumes in the first half of this year and slower IQOS sales growth in Japan dragged down the company’s stock price. The IQOS sales deceleration appears to have made investors skeptical of its long-term potential. The stock price was also impacted by reduced-risk product competition and anti-tobacco regulations.
Since inception almost two decades ago, the Global Industry Classification System (GICS) has been the standard taxonomy employed by the financial community to sort business entities by sector and industry group. Changes to this taxonomy, no matter how small, can have a significant impact on how companies are classified and which enterprises are included in sector index and index products developed by Standard and Poor’s and MSCI. Understanding how these changes impact company and industry groupings is therefore critical for investors with exposure to ETFs. In January 2018, S&P Dow Jones Indices, a division of S&P Global, introduced several revisions to the GICS structure. These changes, which will be implemented after the close of business on Sept. 28, 2018, impact three specific sectors: Telecommunications Consumer discretionary Information technology The MSCI Equity Indexes will reflect these changes as part of its semi-annual index review in November 2018. Discover ETFs based on the sector of your choice from here. From here you can even explore different sector-focused ETFs based on their power rankings – a unique way to view rankings of various ETF sub-groups (eg. sectors) based on powerful metrics like three-month fund flows, average three-month return or average dividend yield.
As of September 17, Altria Group (MO) stock was trading at $62.44, which represents a 7.9% rise since the announcement of its second-quarter earnings on July 26. On September 12, Scott Gottlieb, commissioner of the FDA, announced that the accelerating trajectory of flavored e-cigarette usage among youths has reached epidemic proportions. The e-cigarette market is dominated by JUUL, which had 72% of the market share as of mid-August, according to Wells Fargo analyst Bonnie Herzog.
Shares of Tyson Foods Inc. fell 2.2% in premarket trade Monday, after the consumer meats company said Chief Executive Tom Hayes will step down for personal reasons, after about two years in the role. The company appointed Noel White as its new CEO, effective Sept. 30. White was the group president for beef, port and international, joining the company in 2001 as part of Tyson's acquisition of IBP, which White joined in 1983. Tyson's stock had tumbled 22% year to date through Friday, while the SPDR Consumer Staples Select Sector ETF had slipped 3.7% and the S&P 500 had gained 8.7%.