|Bid||53.88 x 1000|
|Ask||53.86 x 1300|
|Day's Range||53.79 - 54.14|
|52 Week Range||36.42 - 54.39|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||21.07|
|Earnings Date||Jun 26, 2019|
|Forward Dividend & Yield||1.96 (3.65%)|
|1y Target Est||50.47|
McCormick's (MKC) performance in Q2 is expected to gain from savings initiatives such as CCI. However, adverse currency impacts are a concern.
Wheaties announced today that Serena Williams, one of the world’s top and most decorated tennis players, will be the next athlete to adorn the cover of Wheaties iconic orange box. “Serena exemplifies all of the personal attributes that Wheaties looks for when choosing who its next champion will be,” said Tiffani Daniels, marketing manager for Wheaties. Williams has established herself as one of the greatest tennis players of all time.
Hitting projected numbers, continued margin improvement, and the promise of a huge fourth quarter in the pet category are all themes investors should watch when General Mills reports on the last three months.
Analysts expect the maker of Cheerios to post a year-over-year decline in EPS but higher revenue growth in its Wednesday report.
The Federal Reserve Bank really is the only force on the planet that can get stocks, bonds, and thanks to a suddenly softer U.S. dollar, commodities to all rise in value in some kind of semi-correlated fashion. The Brooklyn Dodgers won the World Series that year, just to put in perspective how long it has been. Yes, there was certainly a boost enjoyed last week across the tech sector, as investors made a move toward riskier, growth type names in response to the Fed. However, the oversold Energy sector easily led equity markets to the upside.
Equity markets set all-time highs after Fed chairman Jerome Powell hinted that the central bank may loosen its monetary policy in the coming months amid China-U.S. trade tensions and other signs of weakness in the economy. Meanwhile, with President Donald Trump scheduled to meet with Chinese President Xi Jinping at the Group of 20 summit this week in Japan, investors are optimistic that a trade truce can be reached that would stave off new tariffs.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.The earnings calendar is surprisingly full next week. Typically, late June is a quiet time for the market. But several major companies in several key sectors will deliver earnings reports next week.Most notably, investors should be able to get a read on the consumer packaged goods sector. Conagra Brands (NYSE:CAG), McCormick (NYSE:MKC), Constellation Brands (NYSE:STZ,NYSE:STZ.B), and General Mills (NYSE:GIS) all release earnings reports next week. The market will get some good data on the struggling supplier side of that industry after decent, but unspectacular results from retailer Kroger (NYSE:KR) this week.InvestorPlace - Stock Market News, Stock Advice & Trading TipsElsewhere, FedEx (NYSE:FDX) delivers its fiscal fourth-quarter results on Tuesday afternoon. FedEx isn't quite the economic bellwether it once was, but its take on the macro economy still will be worth noting. And investors in United Parcel Service (NYSE:UPS) no doubt will be watching closely as the two incumbents try and manage rising pressure from Amazon.com (NASDAQ:AMZN). * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 Reports from KB Home (NYSE:KBH) and BlackBerry (NYSE:BB) also look important. Overall, there's a decent amount of news coming ahead of a holiday week. But even those reports aren't the most important to watch next week -- which shows just how much is going on. Before going on vacation, investors need to pay attention to these three key earnings reports next week: Micron (MU)Source: Shutterstock Earnings Report Date: Tuesday, June 25, after market closeFew companies outside of Micron (NASDAQ:MU) seem more in need of a good earnings report. And excluding retail, few sectors need a dose of optimism more than semiconductors. Hopes for a second-half recovery seem to have dimmed. Commentary after Broadcom (NASDAQ:AVGO) earnings this week are the latest signal that a chip rebound isn't coming until 2020 at the earliest.For Micron, memory prices still are headed in the wrong direction, but the question remains how long that will last. As such, commentary from management on Tuesday afternoon may be more important than the actual numbers.It will also be interesting to see how aggressive the company was in buying back MU stock given a $10 billion repurchase authorization announced last year. Did the company put its money where its proverbial mouth has been?MU stock does look attractive at the lows, in part because it looks so cheap. But that valuation exists because market participants believe earnings declines will continue for some time to come. If Micron can convince those investors otherwise, MU stock will rise. And it will likely bring other chip stocks -- and their suppliers -- along for the ride. Walgreens Boots Alliance (WBA)Source: Mike Mozart via FlickrEarnings Report Date: Thursday, June 27, before market openThen again, it could be worse for chip stocks; they could be pharmacies. Walgreens Boots Alliance (NASDAQ:WBA) heads into Thursday's earnings report just off a five-year low. It's not alone. CVS Health (NYSE:CVS) touched a six-year low last month. Rite Aid (NYSE:RAD) is in a similar spot.Here, too, both the stock and the industry desperately need some good news from earnings. But there's not a lot of reason to expect that good news is on the way. Front-end sales trends have been negative across the industry of late, with no sign of a bottom. Pressures on the pharmacy side -- fewer generics and higher drug costs -- aren't going anywhere. And as I wrote in April, Walgreens' execution has left quite a bit to be desired as well. * 5 Boring Stocks to Buy This Summer WBA stock is cheap, and investors might see this as the point of maximum pessimism. But that case could have made for the last few quarters; none of those earnings reports have changed the broader trend here. If Walgreens can deliver, pharmacy stocks can rally. At the moment, however, that seems like a big ask. Nike (NKE)Source: Shutterstock Earnings Report Date: Thursday, June 27, after market closeEarnings reports from Nike (NYSE:NKE) are always interesting. The sneaker giant is a barometer for consumer confidence, given its high-dollar and somewhat discretionary offerings. NKE stock itself generally doesn't move all that much after earnings, but its numbers and commentary can have an impact across the apparel and footwear industries.Thursday afternoon's report seems a bit more interesting than usual. As Luke Lango noted, Nike is one of the stocks with the largest exposure to trade war concerns. That's true on the cost front, given how many Nike products are manufactured in that country. But as Lango noted, Nike also gets 15% of its sales from Greater China.And so Nike represents a test case for the impact of U.S.-China relations at the moment. Are Chinese consumers shunning U.S. brands --even Nike, one of their perennial favorites? Can tariff impacts on the cost side be offset? If not, how big is the impact?At the moment, it looks like the trade war is a long way from ending. Investors trying to prepare for the 'new normal' should take a close look at Nike earnings to understand what that new environment might look like.As of this writing, Vince Martin has no positions in any securities mentioned.Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
General Mills, Douglas Dynamics, CDW, Applied Materials and Microsoft highlighted as Zacks Bull and Bear of the Day
Constellation Brands' (STZ) constant brand-building efforts, acquisitions and pipeline of innovations are encouraging. However, its soft wine & spirits business remains a headwind.
Mondelez (MDLZ) has been keen on expanding business through strategic acquisitions. Its latest buyout Perfect Snacks is another step toward bolstering offerings in the snacks division.
Getting trucking right is particularly important for a company like General Mills (NYSE: GIS), which has faced so much cost pressure from this aspect of its supply chain in the recent past. General Mills is indeed getting trucking right. It placed tenth among 25 companies in FreightWaves' Shipper of Choice Awards, conducted in partnership with freight brokerage Convoy.
Kellogg (K) is benefiting from acquisitions and a solid brand portfolio. However, the company is grappling with high cost and sluggishness in North American business unit.
General Mills (GIS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
General Mills (GIS) is poised to gain from its core strategies to drive sales growth. Also, its robust cost-saving measures should offer cushion from input cost inflation in Q4 earnings.
Lamb Weston (LW) is on track to boost production capabilities, as indicated by the latest move to strengthen the Oregon facility.
Kroger (KR) is making investments to expand grocery offerings and e-commerce presence. However, incremental investments may keep margins under pressure.