• Breaking Bad star Dean Norris makes fictional beer Schraderbräu a reality
    Yahoo Finance

    Breaking Bad star Dean Norris makes fictional beer Schraderbräu a reality

    Breaking bad actor Dean Norris has taken the fictional beer Schraderbräu, the mythological homebrew from Norris’ beloved character Hank Schrader, and made it a reality.

  • Startup uses remittances to remove 'time and distance' from health care
    Yahoo Finance

    Startup uses remittances to remove 'time and distance' from health care

    Hoy Health launched less than two years ago, but sees strong growth potential in paving the way to the Latin American health care market.

  • Benzinga

    Bulls And Bears Of The Week: Altria, Apple, Caterpillar, Ford, Oracle And More

    Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the iPhone maker, a Big 3 automaker and a restructured industrial company. Bearish calls ...

  • Top 5 Platinum Stocks of 2019
    Investopedia

    Top 5 Platinum Stocks of 2019

    Within the basic materials sector, platinum group metals (or PGMs) hold a special place for their usefulness as catalysts. While silver and gold typically enjoy a more prominent position in the public eye, platinum is nonetheless one of the rarest and most valuable metals on Earth. When looking at platinum group metal stocks, then, it's helpful to look to over-the-counter names, pure-play platinum outfits, and companies in industries as diverse as jewelry, computers, airplanes, and much more.

  • 3 Stocks with High Upside Potential in the Face of Headwinds
    TipRanks

    3 Stocks with High Upside Potential in the Face of Headwinds

    After strong market gains through the summer, August was a volatile month for the stocks. The S&P 500 fell 5.6% in the first week, then bounced around for three weeks before charging into September with another 5.6% shift – a surge back up to its current 3,007.The stock market turnaround is just one of several positive economic indicators so far this month. The August jobs report, while showing low job creation numbers, also showed increasing wages, and last week, Labor Department numbers showed that there are 1.17 million more jobs than openings in the US. It’s a bright picture. But not every stock is on its way back up. Some are struggling to gain traction.Finding the right stock in this environment can be a challenge. That’s why TipRanks provides a variety of stock screening tools, offering you the ability to sort through the market for the right investment.We’ve opened up TipRanks’ Trending Stocks tool to find three stocks that are underperforming right now, but are also showing high upside potential in the face of idiosyncratic headwinds. These are investment opportunities that have attracted attention from top analysts, and have the seeds for future market gains. Domino’s Pizza, Inc.With the rise of third-party delivery companies, such as GrubHub (GRUB – Get Report), the fast food space generally is coming to resemble the pizza delivery niche. With a phone call or an online order, the customer’s meal is only half an hour away. Michigan-based Domino’s Pizza (DPZ – Get Report), which built its customer base in the 1990s on a promise of fast delivery, has been feeling the pressure as fast food delivery diversifies. DPZ shares are down 1% so far this year, despite a general S&P gain of 19%.This doesn’t mean that Domino’s feels itself vulnerable. Back in July, the company beat the earnings forecast in Q2, reporting $2.19 per share against a predicted $2 even. And it did that despite missing the revenue forecast by 2.5%, or $22 million. Even with the revenue miss, DPZ reported strong resources: cash on hand was up, at $108.3 million, while long-term debt was down 2.2%.BTIG analyst Peter Saleh is impressed by DPZ’s use of resources to create innovations in the delivery space. The company is not entering into third-party agreements, but is keeping delivery in-house. Earlier this month, Saleh attended DPZ’s Innovation Garage event, and saw how Domino’s is investing in autonomous vehicle delivery and GPS tracking. He writes, “while Domino's Pizza is facing competitive headwinds from delivery aggregators, it is starting to fight back with promotions and measures to improve efficiency.” Saleh gives DPS a $325 price target, suggesting an impressive 32% upside potential.From Oppenheimer, Brian Bittner gives DPZ shares a $295 price target and 20% upside. He sees Domino’s as “well-prepared for the delivery challengers and ready to go it alone.” In his comments, he adds, “Management believes it ultimately has technological, economic and service superiority over [competing] vendors which will be a benefit over the cycle. Nearer term, the company does not plan to react by deep-discounting or discounted/free delivery.”Overall, DPZ has a 16% upside potential, derived from its $285 average price target and $245 current share price. The stock has a Moderate Buy rating from the analyst consensus, based on 14 buys, 7 holds, and 1 sell. Ford Motor CompanyThe second largest domestic automaker, Ford (F – Get Report) possesses a combination of resources and liabilities. On the negative side of the ledger, Moody’s credit rating agency has just lowered the company’s rating below investment grade. Moody’s cited Ford’s “operating and marketing challenges” as reasons for the downgrade, and added that the company is at the start of a long restructuring effort in a bearish industry.Ford, for its part, does not seem worried by the credit downgrade. S&P and Fitch still rate the company as investment grade, and the restructuring noted by Moody’s includes an $11 billion investment in electric and hybrid vehicles. The capital investment includes new spending on factories as well as vehicle design and autonomous driving systems.Still, a downgrade from a credit rating agency looks bad in the headlines. Ford shares lost 1.3% by mid-week. The stock has been highly volatile this year, swinging between a low of $7.44 and a high point of $10.36.Two analysts weighed in with buy ratings on the stock. Credit Suisse’s Dan Levy noted that Ford has $23 billion in cash on hand, giving it plenty of resources to fund its global restructuring effort. He writes, “For now, Moody’s downgrade doesn’t change the Ford story. We think the core focus at Ford remains the path to profit recovery, which we continue to believe remains intact.” Levy’s $12 price target implies an upside of 26% for Ford.Analyst John Murphy, of Merrill Lynch, agrees that Ford has upbeat prospects. He says, “We believe Ford’s self-help turnaround should start to get more credit among investors, while improved execution and communication may also allow Ford’s multiple to recover, although the downgrade news was somewhat disappointing.” Countering the disappointment, he notes that Ford remains committed to maintaining its shareholder dividend, with an impressive 6.35% yield, and that the primary source of bad news – slowing car sales in the European and Asian markets – has already been baked into the share price. He puts a $13 price target on F shares, indicating an upside potential of 37%.Ford holds a Moderate Buy from the analyst consensus, based on 4 buys and 3 holds from the last three months. Shares sell for $9.45, and the average price target of $11.58 suggests an upside of 22%. Netflix, Inc.The early adopter in the online TV content streaming space, Netflix (NFLX – Get Report) has the advantage of incumbency against the much-hyped competition from Disney (DIS – Get Report) and Apple (AAPL – Get Report) which will be starting this fall.Netflix’s main advantage, of course, is its library of 400+ original programs to run on the streaming service. This will be less of an advantage against Disney, which brings its own famous Disney Vault to the party, but Netflix having proven winners like Stranger Things and talent like Samuel L. Jackson and Oprah Winfrey on board is a clear sign of strength in the content creation market.Disappointing subscriber numbers from the second quarter, however, depressed Netflix’s share price, and the company's year-to-date gain is only 9%. Netflix lost 15% after reporting net subscription adds of only 2.7 million, against the forecast 5 million. Even worse, the company’s core US market saw a decline of 100,000 subscribers instead of the expected 300,000. And to keep the hits coming, Apple announced last week that its Apple TV streaming service, to be priced at just $4.99 per month, will be significantly less expensive than the $8.99 Netflix charges for its most basic service.The analysts, however, seem to agree that the fears for Netflix are overblown, and that the company’s resources are sufficient to meet the challenges. 5-star analyst Michael Olson, of Piper Jaffray, writes: “Preliminary search index analysis suggests Q3 domestic subscriber growth of 6.4% year-over-year, and international growth in the range of 33%-35%. Further, the number of U.S. YouTube trailer views for major Netflix originals is up 10% quarter-over-quarter from Q2, signaling a more engaging content slate. Expect Netflix to continue to capture a significant portion of traditional content dollars despite an onslaught of new streaming services currently casting a cloud of concern.” Olson sets a $440 price target on NFLX, indicating confidence in a 49% upside.Imperial Capital analyst David Miller agrees, believing that “the market is too focused on price points rather than the value for that said price point.” His $451 price target implies an even more robust 53% upside for the streaming giant.Overall, Netflix maintains a Strong Buy from the analyst consensus, based on a whopping 25 buy ratings set in the last three months, along with only 5 holds and 1 sell. Shares are expensive, at $295, and the average price target of $411 suggests an upside potential of 39%.Visit TipRanks’ Trending Stocks page today, to see what else has the attention of Wall Street’s best analysts.

  • As talks falter, UAW calls first national strike against GM since 2007
    Reuters

    As talks falter, UAW calls first national strike against GM since 2007

    The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years. "We do not take this lightly," Terry Dittes, the UAW vice president in charge of the union's relationship with GM, said at a press conference in downtown Detroit. GM said in a statement that its offer to the UAW during talks included more than $7 billion in new investments, 5,400 jobs - a majority of which would be new - pay increases, improved benefits and a contract ratification bonus of $8,000.

  • TheStreet.com

    GM Strike: UAW Set for Walkout at Midnight Sunday

    Union's current contract expired Saturday, just before midnight ET, and now some 46,000 hourly workers could strike General Motors by the same time Sunday.

  • TheStreet.com

    Something to Chew-y On: Stocks to Watch This Week

    Aside from FedEx, here are several restaurant and food (including pet food) companies reporting earnings to watch this week.

  • Financial Times

    GM workers set to strike after talks on pay and benefits break down

    The United Auto Workers called for a strike starting at midnight on Sunday as union leaders demanded GM “recognise the contributions” workers have made to “create a healthy, profitable industry”. The UAW is asking GM's nearly 46,000 US factory workers to stop working until further notice. In the wake of the financial crisis, unions had given the big carmakers concessions in their contracts, such as cuts to their healthcare and pension bills, helping GM reduce costs as it clawed its way out of bankruptcy.

  • TheStreet.com

    GM Contract Deadline Expires with No Deal, Autoworkers May Still Strike

    General Motors and the United Autoworkers failed to reach a contract deal before midnight, which could send as many as 46,000 hourly workers to the picket lines following a 10 a.m. meeting on Sunday.

  • TheStreet.com

    UAW: No Contract Extension With GM, No Strike Before 10 a.m. Sunday

    UAW Vice President Terry Dittes sent a letter to union members Saturday saying that the union will not extend the current 2015 collective bargaining agreement, but will work without a contract 'until a course of action is decided' by the UAW international executive board and the UAW-GM national council.

  • Reuters

    UPDATE 9-As talks falter, UAW calls first national strike against GM since 2007

    The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years. "We do not take this lightly," Terry Dittes, the UAW vice president in charge of the union's relationship with GM, said at a press conference in downtown Detroit. GM said in a statement that its offer to the UAW during talks included more than $7 billion in new investments, 5,400 jobs - a majority of which would be new - pay increases, improved benefits and a contract ratification bonus of $8,000.

  • Barrons.com

    United Airlines Stock Could Get a Boost After a Short Squeeze

    With the market’s sudden lurch toward value stocks, some big names with lots of short interest could see a nice bump. We survey the field.

  • Bloomberg

    Michael Bennet Makes First His Ad Buy: Campaign Update

    (Bloomberg) -- Michael Bennet, who didn’t make the cut for Thursday’s Democratic debate in Houston, is taking to the airwaves in Iowa with his first media buy of the campaign.The presidential candidate and Colorado senator reserved at least $32,891 in the Des Moines and Ceder Rapids markets, according to Advertising Analytics, which tracks political advertising. The ads are slated to air starting Tuesday.Bennet failed to meet either requirement set by the Democratic National Committee for making the debate stages. The 10 candidates who participated had at least 130,000 unique donors and reached 2% in four national polls. Bennet will need to reach those marks by Oct. 1 to make the cut for the next round, scheduled to begin Oct. 15 in Westerville, Ohio.Spending on ads can boost a candidate’s standing in the polls, but they’re expensive. Billionaire Tom Steyer, who qualified for the October debate after entering the race in July, has spent about $14.3 million on broadcast and cable spots. That’s four times the amount Bennet’s campaign has raised.Democrats Set Next Debate for Oct. 15 in Ohio (2:36 p.m.)The Democratic National Committee announced Friday that the fourth debate of presidential candidates will take place Oct. 15, possibly with a second night on Oct. 16, depending on how many candidates qualify.The forum at Otterbein University in Westerville, Ohio, will be co-hosted by the New York Times and CNN. Eleven candidates have already met the criteria: the 10 who participated in the third debate on Thursday, along with billionaire Tom Steyer, who only qualified recently.To qualify for the debate, candidates must receive at least 2% support in four approved polls conducted nationally or in Iowa, New Hampshire, South Carolina and Nevada. They must also raise money from a minimum of 130,000 unique donors, including 400 contributors in each of at least 20 states by Oct. 1.The October debate will be moderated by CNN’s Anderson Cooper and Erin Burnett and Marc Lacey from the Times. The format has not yet been announced. -- Ryan Teague BeckwithHarris Asks for Inquiry into Probe of Carmakers (11:44 a.m.)Senator Kamala Harris asked the Justice Department’s internal watchdog to investigate the legal underpinnings of an antitrust probe into four automakers that agreed to meet compromise tailpipe emissions targets offered by California regulators.In a letter to the department’s inspector general released Friday by her office, the California Democrat and presidential candidate said the antitrust inquiry “raises serious concerns about whether federal law enforcement is being used to coerce” the companies into abandoning efforts to produce lower-emitting vehicles. The probe also raises questions about whether the Justice Department is being used for political purposes, she wrote.At issue is a July agreement by Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen AG to meet future vehicle greenhouse gas emissions targets offered by California regulators that are more stringent than under a rollback proposed by the Trump administration but easier than rules adopted by the Obama administration in effect today.Harris’ request comes after other congressional Democrats have vowed to scrutinize the probe, revealed last week. The House Judiciary committee on Monday said it planned to hold hearings and request documents from the White House and Justice Department related to the antitrust probe. -- Ryan BeeneCastro Denies Slap at Biden’s Memory Was Unfair (8:02 a.m.)Julian Castro said he has no regrets about questioning former Vice President Joe Biden’s memory during the 2020 Democratic presidential debate in Houston on Thursday -- a moment that drew boos from the crowd.“I wouldn’t do it differently,“ the former Housing and Urban Development secretary told CNN in an interview early Friday. “That was not a personal attack, this was about a disagreement over what the vice president said regarding health-care policy.“Castro, a former Obama administration colleague of Biden’s, argued during the debate that his health-care proposal was better than Biden’s because people who qualified would automatically be enrolled, rather than having to opt in to Biden’s Medicare plan.“They wouldn’t have a buy in,” Castro said during the debate.When Biden shot back, “They do not have to buy in,” Castro pounced. “Are you forgetting what you said two minutes ago?” he said. “You’re forgetting that?”Castro defended his comments in his CNN interview, saying it’s necessary to highlight the policy differences between Democratic presidential contenders. “The vice president has been around for a long time,“ he said. “When we’re up there, we’re up there to debate.“ -- Kathleen MillerCOMING UPElizabeth Warren will appear Saturday at the Massachusetts Democratic Convention in Springfield.Biden will speak Sunday at the 16th Street Baptist Church in Birmingham, Alabama, to commemorate the 56th anniversary of a bombing that killed four girls and injured 22 other people.On Monday, Biden, Bernie Sanders, Amy Klobuchar, Tulsi Gabbard, Pete Buttigieg and Bill DeBlasio will attend the Galivants Ferry Stump in South Carolina.Also on Monday, Warren will speak at a rally in New York City’s Washington Square Park.Many candidates will appear at the LGBTQ Presidential Forum in Cedar Rapids, Iowa, on Friday. Contenders who have confirmed they will attend are: Biden, Cory Booker, Buttigieg, Castro, Gabbard, Kamala Harris, Klobuchar, Joe Sestak, Warren and Marianne Williamson.\--With assistance from Kathleen Miller, Ryan Beene and Ryan Teague Beckwith.To contact the reporter on this story: Bill Allison in Washington DC at ballison14@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Ford Credit de Mexico S.A. de C.V., SOFOM, ER -- Moody's announces completion of a periodic review of ratings of Ford Credit de México S.A. de C.V., SOFOM, ER

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ford Credit de México S.A. de C.V., SOFOM, ER and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.

  • TheStreet.com

    Midnight Strike Deadline Looms as UAW-GM Contract Talks Continue

    GM and the United Auto Workers continue to haggle at the negotiation table over everything from pay and temporary workers to health care costs, but with the union's four-year current contract set to expire at midnight, the auto industry could see its first major walkout in more than a decade.

  • 14 Stocks Already Hurt by President Donald Trump's Tariffs
    Kiplinger

    14 Stocks Already Hurt by President Donald Trump's Tariffs

    America's nearly two-year-old trade war with China, as well as salvos with Europe and Mexico, has battered a wide swath of stocks. President Donald Trump's tariffs (and retaliatory duties) have weighed on companies in various forms, such as higher input costs and unsold inventory.The pinch is being felt on a wide scale. Global growth was already slowing, though market analysts and foreign leaders alike think the trade war is making things worse. Here at home, manufacturing is thinning, reflecting waning demand. ISM's purchasing managers' index reading for August was just 49.1. Anything under 50 signals a contraction in activity, meaning August was the first month in three years that American manufacturing receded.The result has been a pullback in numerous stocks. Buying these tariff-assisted dips is risky because some of the companies face headwinds outside of trade uncertainty. But a resolution between the U.S. and China would bring much-needed relief to many companies, and perhaps a bounceback in their shares. You can see the potential every time the market rallies on the smallest of optimistic hints."(These) value stocks will deliver attractive returns after the tariff resolution, like a coiled spring that pops up," says Michael Underhill, chief investment officer of Capital Innovations in Pewaukee, Wisconsin. He thinks the market could continue to move higher heading into October's negotiations. If more concrete progress is made, a sustained rally will continue, he says.Here, then, are 14 stocks that have already felt the burn from President Donald Trump's tariffs (and retaliatory taxes). Some represent potential should Washington reel in its tariff threats, but they may continue to suffer any time trade tensions reignite. And a few are trying to pivot their businesses out of harm's way. SEE ALSO: 25 Dividend Stocks That Analysts Love the Most

  • 4 Top Stock Trades for Monday: F, GM, TWLO, MNST
    InvestorPlace

    4 Top Stock Trades for Monday: F, GM, TWLO, MNST

    Equities opened higher on Friday, but faded throughout the afternoon, with the S&P 500 finishing about flat on the day. After a very strong start to September, here's a look at a few top stock trades going into next week. Top Stock Trades for Tomorrow 1: FordShares of Ford (NYSE:F) haven't made much progress this week, but it's been a good showing from the bulls. Earlier this week, the company had its credit downgraded to junk status, but Ford stock posted a resilient rally.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Friday, the stock briefly reclaimed the 50-day moving average, the same one which rejected F earlier in the week. A move above it puts $9.65 on watch and above that, a potential gap fill up to $10.20. * 7 Discount Retail Stocks to Buy for a Recession On the downside, see that Ford maintains above $9.40-ish. Just below is the 38.2% and rising 20-day moving average to help buoy shares on a possible pullback. Below this week's low opens up the possibility of $8.75. Top Stock Trades for Tomorrow 2: General MotorsShares of General Motors (NYSE:GM) have had a quiet week, but that comes after last week's strong gap up action. Consolidating between $38.50 and $39.50, GM stock is bound to move out of this range at some point.Should it resolve higher, the first target is $40.50. Above that and a run to the July highs is possible, up near $41.48. If it trades lower and falls out of this consolidation pattern, look for support from the 50-day and 20-day moving averages.If they fail as support, it puts the 200-day moving average on watch, with range support at $35.50 below that. Top Stock Trades for Tomorrow 3: MonsterMonster Beverage (NASDAQ:MNST) has a really interesting setup for traders. Uptrend support (blue line) continues to squeeze shares against static resistance at $59. That's known as an ascending triangle, a bullish technical pattern.At $59.27, the stock also has the 38.2% retracement it's trying to reclaim. Should it finally breakout, look for a possible run to the 50-day moving average. Above that and $63 is possible.If the 200-day and $59 resistance reject MNST stock, look for a pullback into uptrend support. Top Stock Trades for Tomorrow 4: TwilioAfter the thrashing we've seen in high growth stocks, many were hoping for a more impressive rebound. This bounce has been tepid, and that's putting it kindly. Just look at the action in Twilio (NYSE:TWLO) for instance.Short of a flood of buy orders, Twilio and others look set to roll over once again. Should TWLO get hit, I would love to see a correction down to the $96 to $98 area, and see whether that draws in buyers. * 10 Recession-Resistant Services Stocks to Buy High-growth selloffs are tough. If there are a few companies you really like and are willing to hold for the long term -- and embrace the risk -- nibbling on these declines can be rewarding. But they're difficult to time. In TWLO's case, let's take it one day at a time and see how it holds up on a potentially deeper decline.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 4 Top Stock Trades for Monday: F, GM, TWLO, MNST appeared first on InvestorPlace.

  • American City Business Journals

    Veterans in Business honoree Bernie Marcus: 'Our work is just starting' (Photos)

    Marcus also said his organization is raising $300 million for veteran aid in conjunction with 4-5 other philanthropy organizations. About 200 people turned out to celebrate the Veterans in Business Awards honorees Thursday morning at Twelve Atlantic Station hotel.

  • Looking Ahead to the Q3 2019 Earnings Season
    Zacks

    Looking Ahead to the Q3 2019 Earnings Season

    Looking Ahead to the Q3 2019 Earnings Season

  • 3 Earnings Reports to Watch Next Week
    InvestorPlace

    3 Earnings Reports to Watch Next Week

    Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.Earnings season has ended, and once again, stocks have rallied. One might think that a lighter earnings calendar would be troublesome for stocks, given that news for U.S. corporations remains mostly positive. It hasn't played out that way.Indeed, stocks began to gain in early June once earnings reports had slowed to a trickle. The S&P 500 then turned south in late July -- at the peak of earnings season. Last week, with reports for major companies pretty much complete, U.S. equities again bounced: as of this writing, the S&P 500 is back above 3,000.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt has been an odd trend, but one that suggests the rally in stocks has at least a month to go. Interestingly, the earnings calendar does give investors a chance to check that thesis next week.There actually are several key companies reporting next week that will give data on key areas of the economy and the market. Darden Restaurants (NYSE:DRI) can give a read on the confidence of the consumers who are supporting the economy. Results from office furniture manufacturers Herman Miller (NASDAQ:MLHR) and Steelcase (NYSE:SCS) should show confidence on the business side. Reaction to the second-quarter report from Chewy (NYSE:CHWY) will highlight investor attitudes toward, and patience with, newer IPO stocks, some of which have struggled. * 10 Recession-Resistant Services Stocks to Buy But three earnings reports next week look even more helpful in trying to judge investor sentiment at the moment. A classic tech growth stock will get another challenge. An economic bellwhether delivers an always-important release. And a consumer leader will update on the progress of its turnaround in an industry that has seen some trouble. For investors trying to figure out if history will repeat itself, these are the three earnings reports to watch now. FedEx (FDX)Source: Mike Mozart via FlickrEarnings Report Date: Tuesday, September 17, after market closeEarnings from FedEx (NYSE:FDX) historically have been seen as a proxy for corporate sentiment. After all, FedEx revenue was pretty much directly linked to U.S. business spending. Strong results from FedEx usually meant confident executives and a positive macroeconomic outlook.FedEx doesn't quite have the status it used to, but its report still matters. FedEx management actually has been bearish in recent quarters, owing in large part to trade war issues. With the domestic economy still strong, management might have different news to deliver this time around. And a bullish stance from FedEx could be enough of a catalyst to give U.S. equities a further boost.Meanwhile, the quarter is a key one for FDX stock itself. FDX shares have been stuck in a range since December. They're down over one-third from early 2018 highs. Investors are worried about pending competition from Amazon (NASDAQ:AMZN) and a potential cyclical turn. For a rally into earnings to hold, FedEx needs to put up a strong quarter and inspire some confidence from investors in itself. Adobe (ADBE)Source: r.classen / Shutterstock.com Earnings Report Date: Tuesday, September 17, after market closeAdobe (NASDAQ:ADBE) seemed to get the benefit of the doubt after its fiscal second-quarter report in June. The combination of soft guidance and a high valuation often sends a stock tumbling, but ADBE actually rose after the report, and kept climbing.In a seeming reversal of the market-wide trend, it's been a lack of news that's been trouble for Adobe stock since. ADBE has pulled back 11% from late July highs, and heads into earnings near a three-month low. * 7 Tech Stocks You Should Avoid Now With that pullback, Adobe stock looks more intriguing at 28x forward earnings. But at that multiple, and with growth likely to slow at some point, ADBE still has valuation concerns. That makes earnings an interesting test. Does a strong earnings report lead Adobe stock to rebound? If the answer is no, that suggests valuation is becoming a more important factor in the cloud space. That would make Adobe earnings an omen for other stocks across tech. General Mills (GIS)Source: Shutterstock Earnings Report Date: Wednesday, September 18, before market openEarnings from General Mills (NYSE:GIS), too, will impact entire sectors. GIS stock was collapsing less than a year ago, but increasing investor optimism toward its turnaround, and its pivot into pet food, has led to strong performance in 2019.It's important to the industry that General Mills keep performing with its fiscal Q1 report on Wednesday morning. After it looked last year like the consumer packaged goods space was in trouble, many stocks have rallied. There's a growing belief that the industry can adapt to competition from smaller, focused brands -- and from private label rivals being backed by supermarket customers.General Mills numbers need to be good enough to keep that confidence intact. This is a stock up 39% so far this year in a sector that, with a few exceptions, generally has rallied. Investors clearly are pricing in better news going forward. If General Mills can't deliver, there's a long way down to go.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.

  • Activist Investors Could Unlock Value of BBBY Stock
    InvestorPlace

    Activist Investors Could Unlock Value of BBBY Stock

    Bed Bath & Beyond (NASDAQ:BBBY) stock has long been a "value trap." The company has traded at a low valuation for years. But the company faces tough challenges. Amazon (NASDAQ:AMZN) and other e-commerce giants threaten its business model. But more aggressive investors are finding value in this deeply-discounted retailer.Source: Jonathan Weiss / Shutterstock.com Activist hedge funds (led by Legion Partners) have taken a position in BBBY stock. The activists had initial success shaking up the board, but investors soon lost interest in a BBBY turnaround. * 7 Discount Retail Stocks to Buy for a Recession Real catalysts are finally emerging as the company hired Goldman Sachs to help with asset sales. With BBBY stock selling at a fraction of its intrinsic value, interest from buyers may indicate short-term upside. Since making the announcement in late August, shares are up from $8.63 a share to $10.64 a share at the close Sept. 13. Does this mean its time to buy Bed Bath & Beyond stock? Let's see if there's additional upside on the table.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Unlocking Value With BBBY StockBack in March, a group of activists (Legion Partners, Marcellum Advisors, Ancora Advisors) took a position in BBBY stock. Their intent was to replace the current board with their hand-picked slate of directors. Shares soared from about $14 a share up to $19.57 a share. The activist group failed to completely takeover BBBY's board, but managed to get the CEO ousted and get several new directors added to the board.But the activist catalyst soon dissipated. Shares crashed, falling more than 50% from this 52-week high. But the activists may now have the chance to do their magic. The company hired Goldman Sachs to advise on offers for several BBBY subsidiaries.BBBY has short interest of 53%. This means short-sellers have taken bearish positions equal to more than half of the company's market cap. But any positive news at the company could lead to a share surge. This is due to short-sellers having to cover their positions.Selling non-core business would boost BBBY stock. The company could use the proceeds to do a share buyback. They could also use the money to fuel a turnaround. The company issued a press release on Sept. 4 detailing their strategy. Bed Bath & Beyond plans on closing under-performing stores and reducing inventory by $1 billion over the next 18 months.There seem to be interested buyers waiting in the wings. A former executive wants to buy BBBY's Cost Plus unit for $250 million. The company's Personalization Mall business has offers of $250-$300 million from 1-800-Flowers.com (NASDAQ:FLWS) and Things Remembered. Oak Street Real Estate wants to buy up BBBY's real estate.But what is the underlying value of Bed Bath & Beyond stock? Can the company profit from a corporate yard sale? Or is the upside already priced in? Let's take a look at the intrinsic value of BBBY stock. Bed Bath & Beyond Stock Valuation"Sum of the parts" is the best way to value BBBY stock. The company could easily sell its non-core retail chains. They could do a sale-leaseback of their company-owned real estate. Combined with inventory reductions, a material amount of capital could be extracted, all while maintaining the core Bed Bath & Beyond chain.Legion Partners detailed this in their July investor letter. Along with the flagship Bed Bath & Beyond chain, BBBY owns buybuyBABY, Cost Plus World Markets, Christmas Tree Shops, and Harmon Face Values. The company also owns over 4.4 million square feet of real estate. Legion gives a conservative valuation of $1.2 billion for the non-core chains. Their estimate of the underlying real estate value is $600 million.Bed Bath & Beyond has a market cap of $1.3 billion. The company has over $900 million in cash and short-term investments, and $3.78 billion in outstanding debt. Its enterprise value is $4.2 billion. Subtract the potential asset sales, and investors are essentially getting the flagship chain for free. Legion estimates the core business generates $500 million per year in EBITDA.However, most stock screeners include BBBY's $2.19 billion in short and long-term operating lease liabilities as debt. Legion Partner's estimates exclude this amount. Keep this in mind when using their valuation metrics, however, Legion also estimates the company could double EBITDA to $1 billion a year. Assigning a 6.2x EBITDA multiple values the core business at $6.5 billion. Subtracting the lease liabilities would leave investors with approximately $4.3 billion valuation, more than three times the company's current market value. BBBY Stock Worth A ConsiderationBBBY stock is not a slam-dunk value play. The company is undervalued, but the numbers are not as crystal clear as Legion Partners implies. The company faces tough competitive headwinds. Its planned turnaround may not pay off.But with a high level of short interest, a spate of good news could push shares higher. It could take years for Bed Bath & Beyond stock to completely turnaround. At the current valuation levels, however, there is sufficient margin of safety for aggressive investors to take a position.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Activist Investors Could Unlock Value of BBBY Stock appeared first on InvestorPlace.