227.00 +0.77 (0.34%)
After hours: 5:44PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||224.46 - 229.53|
|52 Week Range||169.70 - 233.19|
|PE Ratio (TTM)||19.59|
|Earnings Date||Jun 27, 2018 - Jul 2, 2018|
|Forward Dividend & Yield||2.96 (1.31%)|
|1y Target Est||254.55|
Big money is pouring into the marijuana industry, potentially steering more U.S. consumer spending toward weed and away from beer and tobacco.
Philip Morris International Inc. (NYSE:PM) shares fell off a cliff on April 19 after the company reported disappointing earnings. The fall was bigger than the disappointment, but it seemed to portend trouble for tobacco generally and took the whole consumer staples sector of the market down with it. The company — which sells exclusively outside the U.S. and spun-out from Altria Group Inc (NYSE:MO) in 2008 — had net income of $1.65 billion, $1.00 per share, on revenue of $6.9 billion.
Among the host of American spirts, craft beer seems to be the cynosure of all eyes at the moment with its fervent fan base and convenient size production. With that said, here are two alcohol stocks that are scoring high on the growing spirits and industry trends. Shares of Boston Beer Company Inc (NYSE:SAM) scaled a 52-week high of $223.50 yesterday, closing the session lower at $222.05.
Boston Beer (SAM) and Constellation Brands (STZ) hit 52-week high yesterday on their robust strategic endeavors and favorable market trends.
back in March and we had our concerns that the rally could keep going, we noted that, "There are enough signs that the recent rally in STZ is weaker than the rally to the January high. On the upside we also said, "In this Point and Figure chart of STZ we can see a $251 price target until a reversal to the downside develops." STZ showed a little more weakness into the end of March and over the past three weeks has managed to rally to a new high close yesterday. In this updated daily bar chart of STZ, below, we can see a recent dip or test of the rising 50-day moving average line.
Stanley Black & Decker (SWK) is expected to report revenue of $3.1 billion in 1Q18, representing a 10.7% increase from 1Q17’s $2.8 billion. If SWK manages to meet expectations, it will achieve its highest first-quarter revenue ever and see a first-quarter CAGR (compound annual growth rate) of 4.6% since 2013.
Rose fans you might want to sit down for this one. The International Organization of Vine and Wine reported world wine production fell to a *60 year low.* Total production hit 250 million hectoliters last year, and that was down 8.6 percent from last year... Poor weather conditions in the European Union was the culprit. So Myles - how are you preparing for this tragedy come summer Rose season? And we should note shares of wine distributors like Constellation Brands and Diageo are down today.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the iconic beverage giant reported first quarter 2018 financial results.
Senate Democratic leader Chuck Schumer says he’s introducing a bill to decriminalize marijuana at the federal level. Yahoo Finance’s Alexis Christoforous and Dan Ahrens, Managing Director & COO at AdvisorShares, discuss marijuana and hemp sales.