After hours: 5:16PM EDT
|Bid||214.73 x 800|
|Ask||214.98 x 900|
|Day's Range||213.89 - 219.47|
|52 Week Range||156.56 - 221.93|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||28.19|
|Forward Dividend & Yield||4.64 (2.12%)|
|1y Target Est||N/A|
The alternative-meat company, Beyond Meat, has surged sixfold since its debut in May, but didn't have a single bull on the Street - until today. JPMorgan analyst Ken Goldman upgrading shares to overweight from neutral. Yahoo Finance’s Myles Udland, Heidi Chung, and Jen Rogers discuss.
Beyond Meat shares are on the rise. This comes after J.P. Morgan analyst Ken Goldman, upgraded the company’s stock to overweight from neutral — raising his price target by one dollar to $189 dollars. Yahoo Finance’s Adam Shapiro, Rick Newman and Heidi Chung discuss with Direxion Managing Director, and Head of Product, Dave Mazza.
Wall Street is sliding lower on Thursday, weighed down by word that United States manufacturing activity fell into contractionary territory for the first time in nearly 10 years. A recession certainly seems like a growing possibility as the U.S.-China trade spat bites hard alongside the delayed response of all those Federal Reserve interest rates hikes of recent years.Adding to the pressure was a disappointed reaction to yesterday's release of the latest Federal Reserve meeting minutes, which revealed that policy makers are quite skeptical about the need for further interest rate hikes at this juncture. This stands in sharp contrast to the market's expectations for the start of an aggressive rate cut campaign. * 10 Undervalued Stocks With Breakout Potential With all the crosscurrents, investors would do well to focus their attention on the more defensive names in the market. Here are four mega-cap stocks to buy that are perking up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Mega-Cap Stocks to Buy: Boeing (BA)The clouds are finally starting to part for Boeing (NYSE:BA) shares as prices move to challenge the 50-day and 200-day moving averages. Watch for a rise to the upper end of the post-March trading range near $390, which would be worth a gain of roughly 10% from here. Shares are pushing higher thanks to a reiteration of a buy rating by analysts at Cowen on expectations of a 737 MAX recertification flight within the next four to six weeks. Once the 737 MAX gets flying again, investors can once again focus on a massive order backlog.The company will next report results Oct. 23 before the bell. Analysts are looking for earnings of $2.31 per share on revenues of $20.4 billion. When the company last reported July 24, a loss of $5.82 beat estimates by 84 cents. Coca-Cola (KO)Coca-Cola (NYSE:KO) is on a steady climb higher, holding above its 50-day moving average, capping a nice 25% rally off of its March low. Shares were recently added to Morgan Stanley's "Fresh Money Buy List" on stronger price power, volume growth and new products bolstering earnings per share growth. Nice qualities to have in a defensive business at a time like this. * 10 Marijuana Stocks to Ride High on the Farm Bill The company will next report results Oct. 30 before the bell. Analysts are looking for earnings of 56 cents per share on revenues of $9.5 billion. When the company last reported July 23, earnings of 63 cents per share beat estimates by 2 cents on a 6.1% rise in revenues. McDonalds (MCD)With traffic trends improving thanks to new promotional initiatives, McDonalds (NYSE:MCD) stock is performing well and enjoying a steady rise alongside its 50-day moving average. Longbow analysts recently did a channel check and found that third-quarter same-store sales growth is tracking in line with expectations. Analysts at MKM Partners recently initiated coverage with a buy rating and a $250 price target.The company will next report results Oct. 22 before the bell. Analysts are looking for earnings of $2.21 per share on revenues of $5.5 billion. When the company last reported July 26, earnings of $2.05 matched estimates on a 0.2% decline in revenues. Procter & Gamble (PG)Shares of consumer staples icon Procter & Gamble (NYSE:PG) are also enjoying a smooth and steady rise alongside its 50-day moving average. The company has been largely able to shrug off higher costs by pushing through the impact to consumers thanks to strong brand power and innovative products.The company will next report results Oct. 18 before the bell. Analysts are looking for earnings of $1.24 per share on revenues of $17.5 billion. When the company last reported July 30, earnings of $1.10 beat estimates by 5 cents on a 3.6% rise in revenues.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post 4 Defensive Mega-Cap Stocks to Buy Now appeared first on InvestorPlace.
Alibaba, Dillard's, Coca-Cola, McDonald's and Comcast highlighted as Zacks Bull and Bear of the Day
Stocks rallied Wednesday after President Donald Trump implied he's open to making a deal with China on trade, but gains were capped by the release of minutes from the Federal Reserve's July meeting.Source: rafapress / Shutterstock.com Those minutes revealed that some of the central bank's governors pressed for a cut of 50 basis points last month, but they were obviously out-voted as the Fed proceeded with a reduction of just 25 basis points. What put a lid on today's upside for equities were comments that the July rate cut was not necessarily a precursor for more reductions."In their discussion of the outlook for monetary policy beyond this meeting, participants generally favored an approach in which policy would be guided by incoming information and its implications for the economic outlook and that avoided any appearance of following a pre-set course," according to the Federal Open Market Committee (FOMC).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks to Ride High on the Farm Bill Currently, Fed funds futures are pricing in another 65 basis points of rate cuts this year, indicating there is room for markets to be left disappointed by the U.S. central bank.Still, the Nasdaq Composite notched an impressive gain of 0.90% today while the S&P 500 settled higher by 0.82%. The Dow Jones Industrial Average tacked on 0.93% amid broad-based strength in the blue-chip index. In late trading, 29 of the 30 Dow stocks were higher. Dow Winners GaloreWhile the Fed minutes may have lacked the punch investors were hoping for, there were some solid earnings reports (non-Dow stocks) out of the retail sector that gave market participants reason to be the oft-discussed recession is a long way from materializing. On that note, Nike (NYSE:NKE) was the Dow's best performer today with a gain of 2.83%.Sticking with consumer cyclical fare for a moment, McDonald's (NYSE:MCD) rose 2.25% after SunTrust analyst Jake Bartlett opined that the company's current Buy One, Get One (BOGO) for $1 promotion won't be a drag on profits. He's got a "buy" rating and $240 price target on McDonald's.The analyst's "research shows that McDonald's new offer is less promotional than its two for $5 mix-and-match deal that the company has cycled through in recent years--meaning McDonald's isn't meaningfully lowering the bar on prices in a way that would force rivals to discount as well," according to Barron's.I'm not saying it's all clear to wade into the energy sector, but it is encouraging to see more positive action out of oil giants Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), both of which traded higher today on the back of some bullish analyst chatter.BMO analyst Daniel Boy said Exxon and Chevron, the two largest U.S. oil companies are the "lowest risk" names and best of breed in the energy patch. Specific to Chevron, that's the second time in a matter of days an analyst has been cheery on the company.Shares of Boeing (NYSE:BA), the Dow's largest component, added 2.49% today on news that the company is looking to fill hundreds of temporary jobs related to getting the 737 MAX passenger back in the air. Wall Street is hoping that will happen by the end of this year and if it does, Boeing shares likely move higher. DJIA Bottom LineIt's easy to get wrapped in the aforementioned Fed "disappointment," if it can really be called that. Additionally, it's easy (and warranted) to be skeptical of President Trump's comments on deals with China because recent history shows this situation is fluid.Maybe what investors should be honing in on is the likelihood of recession. Look at Target (NYSE:TGT) earnings. That stock surged over 20% today on volume that was nearly seven times the daily average because it guided higher. Companies like Target don't guide higher when recessions are right around the corner.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Dow Jones Today: Let's Make a Deal appeared first on InvestorPlace.
PerkSpot, a Chicago-based startup that makes an HR tech platform, recently expanded its River North office as it gears up to nearly double its staff in the coming months.
The Chicago-based airline has forged a new relationship that will give the company access to more experts on solutions for environmental problems.
McDonald’s stock has climbed in 2019, but some investors are worried that the fast-food giant’s latest promotion will mark a return to painful discounting in the sector. Don’t count on it, says SunTrust.
(Bloomberg Opinion) -- Strong economies and tight labor markets put strains on fast-food companies. How can they remain profitable when wages are rising? The social media frenzy over the new chicken sandwich at Popeyes shows the success of one classic play: introduce an iconic new menu item, and charge more for it.At $3.99, the item is asking a bit more from customers than Chick-fil-A’s competing sandwich does – but apparently it’s not asking too much. It has been so popular that restaurants are selling out of food. The New Yorker magazine declared on Tuesday: “The Popeyes Chicken Sandwich Is Here to Save America.” If there's a new chicken sandwich king, we can thank the strong consumer economy.The fast-food industry is very responsive to consumer tastes and budgets because it's so huge and price-competitive. When times are bad, fast-food companies don't have to worry about rising food or labor costs, but at the same time their customers are on a tighter budget, so value menus and promotions might be the order of the day. But when times are good it's a different matter. Consumers are still choosing fast food because they're looking for a deal, but as companies struggle with rising food and labor costs, their margins are getting squeezed. Raising prices on existing menu items can help maintain profit margins, but go too far and consumers might revolt. A different kind of "inflation" is introducing new product offerings (at higher prices) to woo existing or new customers.Perhaps it's no surprise that the two iconic burgers in the fast-food industry -- Burger King's Whopper and the McDonald's Big Mac -- were both introduced during times of low unemployment like we have today. The Whopper came first in 1957, in a year when the unemployment rate dropped as low as 3.7%. Burger King's co-founder noticed that a rival establishment was selling well with a bigger burger, and he sought out to imitate it.The Big Mac owes its success to a particularly entrepreneurial McDonald's franchisee in Pittsburgh. Jim Delligatti came up with the idea in his Pittsburgh restaurant as a way of increasing sales. In 1967, with the national unemployment rate also below 4%, what later became known as the Big Mac was born in Pittsburgh. It went national a year later.It's a somewhat similar story for the Six Dollar Burger from Carl's Jr and Hardee's. In the late 1990s Carl's Jr was a stagnant franchise getting squeezed by McDonald's and Burger King at the low end and by higher-priced fast casual concepts. The Six Dollar Burger -- priced at $3.95 -- was a way of offering a premium product that still offered fast-food speed and value. It rolled out in what turned out to be the last month when America still thought the late 1990s boom might continue, in August 2001.The fast-food industry also suffered some blowback from its profit-inflating strategies in the late 1990s. In 1993 McDonald's promoted a "Dino-sized" value meal in response to the opening of the movie “Jurassic Park.” It became such a hit that super-sizing was born. That led to a super-sizing arms race throughout the industry for the rest of the decade, leading to surging fast-food profits in the late 1990s … coinciding with a growing obesity crisis. After public outcry in response to the documentary "Super Size Me," McDonald's phased out super-sized portions in 2004.These two dynamics -- the fast-food industry's need to find a new source of profits in a good economy with growing cost pressures, and the industry's reputation as a bad actor in the obesity crisis -- provide the backdrop for the product launches the industry has produced this year. Before the Popeyes sandwich came the splashy announcements from the industry about menu items featuring Beyond Meat or Impossible products. In addition to not being real meat and hence having the veneer of health-consciousness, Beyond Meat products aren't cheap.The Popeyes chicken sandwich isn’t trying to be bigger or cheaper; the hook is really about trying to be a better chicken sandwich than Chick-fil-A's by featuring a brioche bun, a full layer of pickles, and either a spicy Cajun spread or mayonnaise. While the nearest Chick-fil-A to me sells its chicken sandwich for $3.49, the Popeyes one is 14% higher at $3.99.The economy’s good times can’t go on forever, but some booms give us a gift that lasts: the Whopper, the Big Mac, the Six Dollar Burger -- and now, perhaps, the Impossible Burger and the Popeyes chicken sandwich.To contact the author of this story: Conor Sen at email@example.comTo contact the editor responsible for this story: Philip Gray at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Conor Sen is a Bloomberg Opinion columnist. He is a portfolio manager for New River Investments in Atlanta and has been a contributor to the Atlantic and Business Insider.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
In light of the popularity of “investigative” podcasts such as “Serial,” companies such as McDonald’s are embracing them as another brand-building avenue.
DOW UPDATE The Dow Jones Industrial Average is flat Tuesday morning with shares of Home Depot and Apple Inc. seeing positive gains for the index. The Dow (DJIA) is trading at 26,136, unchanged from yesterday's close.
NYU professor Tensie Whelan is bridging the gap between people focused on sustainability and those focused on financial metrics. Her methodology offers a way to measure the real financial impact of investing in sustainable practices.
Several sales-building efforts, unit expansion and increased focus on refranchising are favoring Dunkin' Brands' (DNKN) revenue and earnings growth.
Jimmy John's is doubling down on its "freaky fast" delivery promise — and is refusing to work with food delivery giants like GrubHub, Uber Eats, and Postmates.
Dunkin' Brands is IBD Stock Of The Day. It's testing a buy point, with a tasty chart offset by so-so earnings. Starbucks and other restaurants are stock market leaders.