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Consumer
Kraft Heinz: A Rising Warren Buffet Stock
May 17, 2021 03:53 PM PDT| By Kiran MuraliSummary The stock outperformed its competitors like Mondelēz International, Inc. (NASDAQ: MDLZ), and PepsiCo, Inc. (NASDAQ: PEP) this year. Kraft Heinz’s largest shareholder Berkshire Hathaway seems confident in its CEO and management. ...
DoorDash Stock Jumps Over 20% After Strong Earnings Report
May 14, 2021 12:19 PM PDT| By Team Kalkine MediaThe stock of American food delivery service DoorDash Inc. (NYSE: DASH) surged more than 23% to US$142.265 at 2:29 pm ET on Friday, May 14, a day after it reported a robust earnings growth. The Florida-based company’s Q1 revenues surged 198% .....
Kellogg & AB InBev: Will These Two Stocks Rise On Consumer Comeback?
May 06, 2021 06:11 PM PDT| By Team Kalkine MediaSummary Kellogg’s revenues rose 5.1% to US$3.58 billion in the first quarter of 2021, compared to US$3.41 billion in the year-ago period. Kellogg’s organic net sales rose 4.2% to US$3.55 billion during the quarter. The AB InBev sto.....
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Upbeat Forecast Boosts Under Armour, Caesars Shares; Peloton Dips After Treadmill Recall
May 05, 2021 01:56 PM PDT| By Team Kalkine MediaShares of Under Armour, Inc. (NYSE: UAA) and Caesars Entertainment, Inc. (NASDAQ: CZR) rallied on Wednesday’s trading as both the companies showed optimism in recovery expectations. However, shares of New York-based fitness equipment manufac.....
Coursera, Chegg, & Houghton: 3 Education Stocks To Explore
May 05, 2021 11:18 AM PDT| By Team Kalkine MediaSummary Coursera’s Q1 revenues jumped 64% to US$88.4 million, compared to the same period a year ago. Chegg’s net revenues were up 51% YoY to US$198.4 million in the first quarter of 2021. Houghton stock surged 32% in the last 30 d.....
3 Alcohol Stocks To Explore On Wall Street
April 30, 2021 09:07 PM PDT| By Team Kalkine MediaSummary Shares of Oregon-based Willamette Valley Vineyards rallied to a 52-week high on Wednesday. Boston Beer saw its share price rise 23 percent in the first four months of the year. New York-based Constellation Brands’ stock also hit .....
McDonald’s, Yum! Brands Q1 Sales Exceed Pre-Pandemic Level
April 29, 2021 01:39 PM PDT| By Team Kalkine MediaSummary McDonald’s CEO Chris Kempczinski said the company’s first-quarter global comparable sales and revenue surpassed the numbers in the first quarter of 2019. Yum! Brands’ worldwide same-store sales grew 9 percent in the qu.....
P&G to Hike Prices Over Rising Commodity Cost; Posts Robust Q3’21 Results
April 20, 2021 06:27 PM PDT| By Team Kalkine MediaSummary Prices will increase for P&G’s products in its baby care, feminine care and adult incontinence categories. The consumer products company attributed the price hike to the impact for increasing commodity costs. P&G’s .....
Altria, British American Tobacco Stocks Tumble as FDA Reportedly Looks to Cut Nicotine
April 20, 2021 02:53 PM PDT| By Team Kalkine MediaSummary The U.S. Food and Drug Administration is reportedly considering to cut nicotine level in cigarettes. Altria’s share dropped around 10 percent this week while British American Tobacco declined close to 7 percent on NYSE. Share of .....
PepsiCo’s Q1’21 Revenue Up 6.8%, Reiterates 2021 Guidance
April 16, 2021 05:24 AM PDT| By Team Kalkine MediaSource: Kowit Lanchu, Shutterstock Summary Organic revenue during the first quarter grew 2.4 percent year over year. Net income rose to US$1.71 billion from US$1.34 billion. PepsiCo anticipates 2021 organic revenue to grow in mid-single digit...
Amazon Wins Key Vote Against Drive For Alabama Warehouse Union
April 09, 2021 01:32 PM PDT| By Team Kalkine MediaSource:Tada Images, Shutterstock Summary Of the total votes, 1,798 were against unionizing while 738 were in favor. This verdict successfully thwarts an attempt to unionize warehouse workers in America. However, the retail, wholesale, and depa...
Taking Cue From Uber, Lyft, Grab Eyes US Listing Via SPAC Deal
April 08, 2021 03:52 PM PDT| By Team Kalkine MediaSource:ANDRANIK HAKOBYAN, Shutterstock Summary Singaporean ride-hailing company to announce a SPAC merger for US listing. The deal could value Grab at US$35 billion. Lyft and Uber saw their stocks recover in 2020 despite reporting losses....
Prosus To Reduce Stake In Tencent To 28.9%
April 08, 2021 10:59 AM PDT| By Team Kalkine MediaSource:Pla2na, Shutterstock Summary Prosus plans to cut its stake in Tencent to 28.9 percent from 30.9 percent by selling 191.9 million shares. South Africa-based Nasper, which owns Prosus, is the largest shareholder in Tencent. Tencent&rsquo...
General Motors Could Be The Next Big Company To Accept Bitcoin
March 27, 2021 02:46 PM AEDT| By Team Kalkine MediaSource: radhikarana, Shutterstock Summary General Motors is reportedly seeking feedback on how cryptocurrency could be used for partial or full payments. It seems Tesla's move could've spiked the 113-year-old company's interest in accepting cr...
Why NIO Stocks (NYSE:NIO) Are The Target of Wall Street Investors
March 01, 2021 01:34 PM PST| By Team Kalkine MediaSource: soul_studio, Shutterstock Summary NIO Inc. stocks (NYSE: NIO) rose more than 1100 percent in the past year. It plans to foray into the European market in the latter half of 2021. The stock has been riding on robust volumes in rec...
Ford Not Ready To Give Up Its EV Dream Without A Fight
February 13, 2021 10:35 AM PST| By Team Kalkine Mediaook to leverage existing markets to push sales and reinforce the franchisee business. Ford Motor is not ready yet to cede any ground to its competitors in the electric vehicle (EV) market. This has been made amply clear when the company CEO Jim...
General Motors delivers stellar annual results amid pandemic gloom
February 12, 2021 11:27 PM PST| By Team Kalkine MediaSource:NuPenDekDee, Shutterstock Summary General Motors delivered a robust performance in 2020 despite the coronavirus pandemic challenges. The company is expecting global semiconductor chip shortage to impact its 2021 earnings. General Motor...
Pringles Chips Maker Kellogg Posts Net Income Of USD 208 million in 4Q
February 12, 2021 12:08 PM PST| By Team Kalkine MediaSource:insta_photos, Shutterstock Summary Kellogg’s famous brands included Pringles chips, Cheez-It crackers, Special K cereal, Eggo waffles, and Pop-Tarts. Sales went up to USD 3.46 billion in the quarter, from USD 3.22 billion in the s...
Alibaba Raises USD 5Billion in Largest Debt Sale in 2021
February 06, 2021 11:21 AM PST| By Team Kalkine MediaSource:Syda Productions, Shutterstock Summary Alibaba debt sale attracts USD 38 billion worth of orders from investors. Sales include bons of four different maturity periods. Alibaba stocks recover after Ant Group agrees to restructure its bu...
Heavyweight US Auto Stocks to Watch: General Motors & Ford Motor Company
January 21, 2021 12:04 PM PST| By Team Kalkine MediaSource:Mikel Dabbah, Shutterstock Although global automakers appeared to have struggled to keep up their sales due to the pandemic, industry giants, such as General Motors and Ford Motor Company, performed well compared to their peers. Stocks of GM...
