Campbell Soup is a good business that offers steady results though at a slow pace. Read more to see why I currently rate CPB stock as a hold.
Campbell Soup (NYSE:CPB) declares $0.37/share quarterly dividend, in line with previous.Forward yield 3.05%Payable Oct. 31; for shareholders of record Oct. 6; ex-div Oct.
CAMDEN, N.J.--(BUSINESS WIRE)--The Board of Directors of Campbell Soup Company (NYSE:CPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable Oct. 31, 2022 to shareholders of record at the close of business as of Oct. 6, 2022. About Campbell Soup Company For more than 150 years, Campbell (NYSE: CPB) has been connecting people through food they love. Generations of consumers have trusted Campbell to provide delicious and a
Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating on the shares of Campbell Soup Co (NYSE: CPB ) with a price target of $48.00. The analyst listed key takeaways from a meeting with the company''s management. Kaufman noted the management was optimistic about the FY23 outlook as the company benefitted from below-historical levels of elasticity, and is well-positioned to benefit from consumers increasingly seeking value and innovation efforts. She added that CPB believes it is in an advantaged position when consumers are … Full story available on Benzinga.com
Back in August, I made the argument why now’s the right time to buy safe stocks . Just over a month later, this continues to be the case. The volatility and uncertainty that has rocked the stock market so far in 2022 doesn’t show many signs of letting up anytime soon. The Federal Reserve continues to raise interest rates. This is likely to continue, as interest rates remain at multi-decade highs. Climbing interest rates are likely to continue putting pressure on the speculative stocks that thrived during the 2020/2021 bull market. Along with hurting the market, according to the World Bank, this raising of interest rates by the Fed and other central banks is raising the chances of a global recession. This could affect the operating results of many companies (both established and early-stage), also challenging a recovery for stocks. Nevertheless, the discouraging prospect of more pain ahead doesn’t mean you need to sit in cash. Your better option is to stay invested, but go on the defensive.
PARIS , Sept. 12, 2022 /PRNewswire/ -- AUTOCRYPT, a global leader in automotive cybersecurity and smart mobility solutions, announced its membership renewal for the International Transport Forum (ITF)''s Corporate Partnership Board (CPB), during the second ITF CPB Week held at the OECD Headquarters in Paris, France . AUTOCRYPT’s Chairman Seokwoo Lee (right) signs MOU with ITF Secretary General (left) The CPB highlights companies who are committed to being a part of future transport policies through sharing their perspectives and expertise. Its members consist of more than 30 companies across the fields of automotive, transport, and mobility. As a longstanding CPB member, AUTOCRYPT is actively involved in the making of cybersecurity-related policies. CPB Week, an annual meeting hosted by the Secretary General of the ITF, gathers the CPB members to facilitate closer cooperation in policymaking for sustainable and inclusive transport. After taking part in the inaugural ITF CPB Week in 2021, AUTOCRYPT''s Chairman Seokwoo Lee and Chief Operating Officer DS Kim returned for this year''s meeting and shared the company''s latest developments and plans on making transport inclusive and sustainable through secured connections, while sharing ideas on potential policies.
While no one can truly predict a catastrophic equities sector downturn, it’s nevertheless a wise idea to strategize certain investments that can survive a stock market crash. Primarily, all eyes center on the Federal Reserve. Recently, in a question-and-answer session hosted by the Cato Institute, Fed chair Jerome Powell committed to raising interest rates until inflation gets under control. Further, Powell’s remarks echoed his policy speech at the annual economic symposium at Jackson Hole, Wyoming. At the time, the head of the central bank acknowledged that raising rates would cause “some pain.” However, he also cautioned that not addressing inflation could lead to substantial long-term damage. Unfortunately, Wall Street didn’t want to hear this disclosure at the time. Again, no one can predict such a calamity with 100% accuracy and with regularity. However, the backdrop lends some credence to a stock market crash. Mainly, efforts to curb inflation through raising rates will lead to the dollar increasing in relative value.
At the close of the New York Stock Exchange, the Dow Jones rose 0.61%, the S&P 500 rose 0.66% and the NASDAQ Composite rose 0.60%. Salesforce.com Inc was the leading gainer among the components of the Dow Jones index today, up 3.62 points or 2.36% to close at 156.90. JPMorgan Chase & Co rose 2.70 points or 2.33% to close at 118.60. Goldman Sachs Group Inc rose 4.82 points or 1.46% to close at 335.38. The losers were 3M Company shares, which lost 1.28 points or 1.06% to end the session at 119.27. Apple Inc was up 1.51 points (0.97%) to close at 154.45, while Honeywell International Inc was down 1.27 points (0.67%) to close at 187. 82. Leading gainers among the S&P 500 index components in today''s trading were Regeneron Pharmaceuticals Inc, which rose 18.85% to 708.85, Freeport-McMoran Copper & Gold Inc, which gained 7.89% to close at 30 .62, as well as shares of Invesco Plc, which rose 4.77% to close the session at 17.36. The biggest losers were McCormick & Company Incorporated, which shed 6.71% to close at 79.30.
Campbell Soup reported attractive sales and adjusted earnings that were in line with estimates for the fourth quarter of its 2022 fiscal year. Click here to read more.
Shares of Campbell Soup Company (NYSE: CPB) stayed green on Friday. The stock has gained 13% year-to-date. The company delivered better-than-expected sales and in-line adjusted EPS for its fourth quarter […] The post Campbell Soup (CPB) expects strong demand for its brands to continue in FY2023 first appeared on AlphaStreet .
Shares of Campbell Soup Company (NYSE: CPB) stayed green on Friday. The stock has gained 13% year-to-date. The company delivered better-than-expected sales and in-line adjusted EPS for its fourth quarter of 2022 a day ago. The processed foods maker expects to see strong demand for its products as well as high levels of inflation during […]
Campbell Soup Company (NYSE: CPB) Q4 2022 earnings call dated Sep. 01, 2022
(Thursday Market Open) It’s the first day of September and already the month appears to be living up to its bad reputation as equity index futures point to a lower open. Potential Market Movers As I mentioned in my September Outlook , the month of September has historically been the worst month on average for the S&P 500® index (SPX) and the Dow Jones Industrial Average ($DJI). While there’s no guarantee this will be the case by the end of September, so far, the month is not off to a good start. One reason is that China announced that it is locking down more than 21 million residents in the city of Chengdu, which reported 700 new cases of COVID-19. As the northern hemisphere moves into winter months, global cases are likely to rise. This means that lockdown could be an ongoing problem for China’s economy and the global supply chain as China sticks to its zero-COVID policy. Chinese stocks were lower on the news with Shanghai composite down 0.54% and the Heng Seng tumbling 1.79%. China’s COVID-19 risk is likely contributing to falling oil prices because lockdowns lead to lower demand.
CPB and CIEN declined on earnings news. FIVE rallied after releasing its own quarterly update. GDRX retreated after announcing a restructuring plan.
The following slide deck was published by Campbell Soup Company in conjunction with their 2022 Q4 earnings call.
Campbell Soup (CPB) is scheduled to announce Q4 earnings results on Thursday, September 1st, before market open.The consensus EPS Estimate is $0.56 (+1.8% Y/Y) and the consensus…
Campbell Soup (NYSE: CPB ) is set to give its latest quarterly earnings report on Thursday, 2022-09-01. Here''s what investors need to know before the announcement. Analysts estimate that Campbell Soup will report an earnings per share (EPS) of $0.56. Campbell Soup bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for … Full story available on Benzinga.com
No-brainer dividend stocks provide investors with a safe place to put their money and leave it. A dividend is the distribution of a company’s earnings to its shareholders that typically takes the form of a quarterly distribution. However, some dividend distributions are made on a monthly or annual basis. Most dividends are paid out as cash or in the form of a reinvestment in additional stock of the company. How much of a dividend an investor gets depends on how many shares of a company’s stock they hold. Over time, dividend payments can add up significantly and many people come to depend on them as a source of income, particularly in retirement. Investors with big stock holdings can earn millions of dollars a year from dividend distributions. For example, famed investor Warren Buffett owns 400 million shares of Coca-Cola (NYSE: KO ). Hr earns $704 million a year in dividend payments based on Coke’s annual dividend payout of $1.76 per share . That’s just one of many high-yielding dividend stocks the Oracle of Omaha has in his portfolio.
Campbell Soup and consumer staples sector have enjoyed multiple expansions in the past year. See why CPB stock is fully valued and a Hold at the moment.
The Conference Board delivers its latest index of U.S. consumer confidence Tuesday
Campbell Soup Company with ticker code (CPB) now have 17 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 55 and 38 calculating the average target price we see 46.94. Now with the previous closing price of 51.31 this would imply there is a potential downside of -8.5%. The 50 day MA is 48.57 and the 200 day MA is 45.54. The market capitalisation for the company is $15,284m. Company Website: https://www.campbellsoupcompany.com [stock_market_widget type="chart" template="basic" color="green" assets="CPB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $13,983m based on the market concensus. Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.
https://www.investing.com/news/pro/campbell-soup-pt-raised-to-48-at-jefferies-432SI-2872520
New Jersey, NJ -- ( SBWIRE ) -- 08/10/2022 -- Latest Study on Industrial Growth of Ready-to-Eat Food Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the Ready-to-Eat Food market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The Major Players Covered in this Report: Nestle, ConAgra, Unilever, Kraft Heinz, Campbell Soup, Hormel Foods, The Schwan Food, JBS, Sigma Alimentos, Iglo Group (Nomad Foods), Sisters Food Group, Tyson Foods, Fleury Michon, Grupo Herdez, Greencore Group, Maple Leaf Foods, McCain, Advanced Fresh Concepts, Nomad Foods Ltd., Bakkavor Foods, Bird''s Eye, Findus Group, General Mills, PepsiCo, Premier Foods Group, Orion Corporation, ITC Limited & Orkla ASA Ready-to-Eat Food Market Study guarantees you to remain / stay advised higher than your competition.
Shares of Campbell Soup Co. inched 0.28% higher to $49.68 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P…
Campbell Soup Company found using ticker (CPB) have now 17 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 55 and 38 and has a mean target at 46.71. Now with the previous closing price of 49.35 this is indicating there is a potential downside of -5.3%. The 50 day MA is 47.62 and the 200 day moving average is 44.84. The market cap for the company is $14,903m. You can visit the company''s website by visiting: https://www.campbellsoupcompany.com [stock_market_widget type="chart" template="basic" color="green" assets="CPB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $14,105m based on the market concensus. Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.
Campbell Soup has had a mixed operating history, with results suggesting 2022 might be a difficult year for the business. CPB is cheap relative to similar firms.
Before one selects the best funds for conservative investors, it’s important to understand what makes a conservative investor different from the rest of us. The TSI Wealth Network’s definition suggests, “[A] conservative investor is someone who builds a stock portfolio with the goal of achieving steady returns, including dividends, while maintaining a lower level of risk.” That’s a lot to unpack. 5 Electric Vehicle Stocks to Buy on the Dip By this definition, the best funds for conservative investors would be dividend-focused ETFs. That’s not essential but important. The second characteristic conservative investors display is a penchant for investments that deliver steady, if not spectacular, returns. Finally, they like to achieve these returns with a lower level of risk. Therefore, in my quest for the seven best funds for conservative investors, I will look primarily for ETFs that pay dividends, have low betas and have delivered excellent long-term risk-adjusted returns. Happy investing.
Campbell Soup Company (NYSE:CPB) announced today that Bennett Dorrance has decided to retire from the company’s Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220722005323/en/ Bennett Dorrance (Photo: Business Wire) Dorrance is the longest-serving member of Campbell’s Board of Directors with
Investing isn’t for the faint of heart at this time, with inflation rates near 40-year highs and the Federal Reserve raising interest rates aggressively. The U.S. is on the verge of a recession, while the S&P 500 entered bear market territory recently. Investors are re-evaluating their strategies and looking to avoid selling stocks in a recession. A recession relates to an economic slowdown, with a significant fall in consumer spending. Typically, a slowdown in economic activities could potentially last for several quarters. It is a well-known aspect of the economic cycle followed by a growth phase, which every investor is yearning for at this point. Stock prices have fallen off a cliff and the recent pullback in prices has resulted in bargains. However, not every stock is worth investing in on the dip. 7 Best Small-Cap Growth Stocks to Buy Now Here are seven stocks to sell in a recession: Ticker Company Price AAL American Airlines Group Inc. $15.08 JBLU JetBlue Airways Corporation $8.
The CAMPBELL FOR CONGRESS successfully filed their F3N JULY QUARTERLY with the coverage period of 04/01/2022 to 06/30/2022 and a confirmation ID of FEC-1612274 *********CommitteeId: C00810788 | FilingId: 1612274 | FormType: F3N | CoverageFrom: 04/01/2022 | CoverageThrough: 06/30/2022 | ReportType: JULY QUARTERLY*********
It started with immense skepticism, but Campbell Soup eventually grew to embrace Andy Warhol''s artwork and sponsored a Warhol exhibition at the Metropolitan Museum of Art.
Are US Gasoline Refiners Running Out Of Steam? Authored by Tsvetana Paraskova via OilPrice.com, As petroleum stocks dwindle and demand soars, refining margins are skyrocketing. U.S. refiners have been operating at full tilt in recent weeks to keep up with demand. There is a growing concern that refiners may not have much room to safely increase capacity. U.S. refineries have been operating at or near maximum utilization levels in recent weeks as demand recovers. Petroleum stocks are sitting at multi-year lows, and refining margins are sky-high. Refinery utilization at 95% is at its highest since before COVID—September 2019. Yet, refiners don’t have much room to safely raise capacity usage further, while the summer season with heat waves and hurricanes could suddenly take some capacity off the market, further straining gasoline supply and putting upward pressure on gasoline prices. Refiners are running crude processing at full tilt. They are responding to U.S. President Joe Biden’s continuous pestering to produce more gasoline and lower prices at the pump, immediately , saying that there isn’t much spare capacity left to boost utilization rates without compromising safe operations.
Campbell Soup Company with ticker code (CPB) have now 18 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 51 and 38 calculating the average target price we see 46.67. Given that the stocks previous close was at 48.05 this indicates there is a potential downside of -2.9%. The 50 day MA is 47.53 and the 200 day moving average is 44.21. The market cap for the company is $14,575m. Company Website: https://www.campbellsoupcompany.com [stock_market_widget type="chart" template="basic" color="green" assets="CPB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $14,156m based on the market concensus. Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.
The mention of food stocks likely conjures up grocery stores and related retailers, wholesalers and suppliers. Indeed, those types of companies are present on this list, but it also includes a number of firms that make those foods possible. That said, what we’re looking for is stocks that appear poised to perform well in the near term as inflation rocks consumers, and over the longer term as well. High-Quality Stocks to Buy That Are Trading Below Fair Value Near-term performance is a tricky thing to gauge. The consumer price index (CPI) increased 8.5% in May but the rise in the cost of food was even higher , at 10.1%. The cost of food in the at-home category grew even more rapidly, at 11.9%. That means companies in the sector are left balancing rising input costs, passing those prices on to consumers, and hoping that the calculus falls in their favor. The following shares look to be among the best able to balance those issues moving forward. KO Coca-Cola $64.38 CPB Campbell Soup $48.49 BASFY BASF $10.90 TSN Tyson Foods $85.25 ADM Archer Daniels Midland $76.41 COST Costco $485.76 MDLZ Mondelez International $63.34 Coca-Cola (KO) Source: Fotazdymak / Shutterstock.com Coca-Cola (NYSE: KO ) is bound to pop up on all sorts of stocks to buy lists for the remainder of 2022 and into 2023.
Investors will move to safe stocks en masse in July as woes increase. Campbell Soup ( CPB ): Strong performance and value make Campbell Soup a great hedge. Brown-Forman ( BF-B ): Catalysts are conspiring to make alcoholic beverage makers a winner. Johnson & Johnson ( JNJ ): Steady fundamentals and steady growth underpin JNJ’s safety. Dollar General ( DG ): This is one of few retailers raising guidance in this environment. Goldman Sachs ( GS ): A slant toward the wealthy during hard times favors this bank. Ulta Beauty ( ULTA ): Supply and demand-side strength underpin ULTA stock. Louis Vuitton ( LVMUY ): Luxury goods might seem an unlikely choice now, but they’re not. Source: Shutterstock There’s no doubt that investors are quickly shifting for anything safe these days. We can characterize that fear in many ways, but broadly speaking, a strong barometer is the Fear and Greed Index . Its current reading is “extreme fear,” the lowest reading there is. And that should directly correlate to the market assuming a more defensive stance.
Today, we’ll introduce seven defensive stocks to buy for a bear market. As broader indices try to stabilize, investors are looking for robust shares that could hold up well in current volatility. InvestorPlace readers are keeping a close eye on the S&P 500 index, which has declined roughly 18% in 2022. Earlier in June, markets plunged after the U.S. Bureau of Labor Statistics (BLS) announced an inflation rate of 8.6% over the past 12 months. It was above the 40-year high of 8.5% recorded in March. In 2022, the severe macroeconomic climate increased market volatility and forced investors look toward defensive plays. These companies typically operate in sectors like healthcare, utilities, consumer staples, real estate and precious metals. Many of them also come with good dividend yields. In early May, data released by Morningstar revealed that the net inflows into defensive exchange-traded funds (ETFs) have jumped to roughly $50 billion year-to-date (YTD). That amount is already up more than $8 billion from the net inflows into defensive ETFs seen in 2021. 7 Warren Buffett Stocks to Buy for a Bear Market With that information, here are seven defensive stocks to buy that could generate consistent returns throughout 2022 despite the market selloff.
With stocks down by double-digits year-to-date there are many bargains out there today among undervalued large-cap stocks. That’s not to say, however, that the market has reached a bottoming out point. With the Federal Reserve kicking its rate hike plans up a notch, equities may continue to slide lower, as the market absorbs higher rates. Not to mention, the high inflation that resulted in rates moving up, plus growing chances of a recession. Yet even if stocks have more room to move lower in the short-term, if you’re looking for long-term opportunities, it may be worthwhile to take a look at the many large-cap names now trading at low valuations. Although there are stocks that have moved lower for a reason, there are also plenty that have become oversold. With some names, investors are overreacting to negative developments. With others, the market is underestimating how long recent tailwinds will last. 7 Stocks to Buy That Could Make You a Millionaire The seven undervalued large-cap stocks listed below fall within these three categories.
Campbell Soup Company with ticker code (CPB) now have 18 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 51 and 38 with a mean TP of 46.64. Given that the stocks previous close was at 45.18 this indicates there is a potential upside of 3.2%. There is a 50 day moving average of 47.18 and the 200 day MA is 44. The company has a market capitalisation of $13,643m. Visit the company website at: https://www.campbellsoupcompany.com [stock_market_widget type="chart" template="basic" color="green" assets="CPB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $14,084m based on the market concensus. Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.
Watch Video A new competition policy approved by the International Swimming Federation is making waves. Cate Campbell is an Australian Olympic swimmer. “Women, who have fought long and hard to be included and seen as equals in sport, can only do so because of the gender category distinction. To remove that distinction would be to the detriment of female athletes everywhere," said Campbell. Under a new gender policy, transgender athletes assigned male at birth have effectively been banned from competing in women’s events. FINA competitions and world records will be open to them only if they did not experience male puberty or had male puberty suppressed before age 12. Speaking before members of FINA Sunday, former Olympic swimmer Summer Sanders of the U.S. and Campbell supported the new policy. Summer Sanders is a former U.S. Olympic swimmer. “There must be categories: women, men and, of course, a category for trans women and trans men. A space; I want anyone who loves competing in aquatic sports to have a space and to achieve their goals in that space," said Sanders. “It pains me that this part of my role may injure, infuriate and potentially alienate people from an already marginalized trans community.
Three days ago, the S&P 500 officially descended into bear market territory. As InvestorPlace writer Shrey Dua reported, this reflects a 20% drop from its all-time highest point. This is the second time since the first Covid-19 outbreak of 2020 that U.S. markets have dipped so low. As markets tumble, concern among investors persists regarding the Russian invasion of Ukraine and further interest rate hikes. But through all the turbulence, it’s important to identify the best stocks to buy in a bear market. Conditions and headlines are frightening now, but it is important for investors to take a macro perspective. When stocks plunged in March 2020, the global economic landscape looked even worse. But a few companies emerged as pandemic-era winners and generated tremendous returns, such as Zoom (NYSE: ZM ) and Peloton (NASDAQ: PTON ). Now, the latest bear market is about to give rise to another class of winners. Even as high-growth tech stocks plunge and crypto prices hit rock bottom, there are still opportunities to look for.
CITY, Country, 2022-Jun-15 — /EPR Network/ — The presence of established players, such as Barilla G. e R. Fratelli S.p.A, Campbell Soup Co., Arcor U.S.A. [read full press release…]
The Q3 report from Campbell Soup Company (NYSE: CPB) is a good reason why the Consumer Staples Stocks will outperform over the next 12 to 24 months. The key takeaway…
A hot bowl of soup—even soup like Campbell Soup (CPB)—is probably the last thing on some people''s minds going into the summer months. However, it''s not that far from the front of mind, as Campbell''s turned in its earnings results just yesterday. Campbell''s posted a big win on the back of one key selling point, and that drew investors'' attention. Meanwhile, I''m bullish on Campbell''s myself. That one big selling point is really too big to pass up, especially given conditions on the ground right now. The last 12 months for Campbell''s are largely up, though not quite as up as they were.
Despite the doom and gloom in the market, investors still continue to flock toward the hottest ETFs to buy. exchange-traded funds comprised a third of total U.S. exchange volume during the Q1, a record percentage. Meanwhile, equity ETFs saw $154 billion in net flows during the first quarter, down from a record $209 billion in the previous year. U.S. stock ETFs accounted for over $110 billion of these net flows. 7 High-Yielding Monthly Dividend Stocks to Buy in June Moreover, the last week of May saw the first weekly inflow of global equity funds in seven weeks. Investors purchased a net $6.16 billion worth of global equity funds, marking their first weekly net buying since April 6. With that information, here are seven hot ETFs to buy that have significant potential to gain traction during the second half of the year. FXO Financials Alphadex Fund $42.97 AMZA InfraCap MLP ETF $33.52 SPGP Invesco S&P 500 GARP ETF $85.48 SOXX iShares Semiconductor ETF $416.06 GII SPDR S&P Global Infrastructure ETF $57.70 MOAT VanEck Morningstar Wide Moat ETF $68.94 VCR Vanguard Consumer Discretionary Index Fund ETF $255.53 First Trust Financials Alphadex Fund (FXO) Source: PopTika / Shutterstock 52-week range: $39.81- $48.99 Dividend yield: 2.05% Expense ratio: 0.61% per year The Financials Alphadex Fund (NYSEARCA: FXO ) aims to outperform the U.S. financials market by applying a quant-based model to the Russell 1000 financials universe.
https://www.investing.com/analysis/campbell-soup-could-test-resistance-200625540
Today’s instrument is the Campbell Soup Co.‘s stock traded in NYSE exchange under the ticker CPB. When we look at the CPB‘s chart, we can see the fall
Inflation hasn''t stopped shoppers from reaching for their favorite can of soup.
U.S. stocks traded lower toward the end of trading, with the Dow Jones dipping over 300 points on Wednesday. The Dow traded down 0.93% to 32,871.16 while the NASDAQ fell 0.64% to 12,097.13. The S&P also fell, dropping, 1.03% to 4,117.63. Also check this: Lions Gate Entertainment And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Communication services shares rose by 0.2% on Wednesday. Meanwhile, top gainers in the sector included Roku, Inc. (NASDAQ: ROKU ), up 10% and WiMi Hologram Cloud Inc. (NASDAQ: WIMI ) up 10%. In trading on Wednesday, real estate shares fell 2.2%. Top Headline Campbell Soup Company (NYSE: CPB ) reported upbeat results for its third quarter and raised its sales guidance. Campbell Soup posted adjusted earnings of $0.70 per share, beating analysts’ estimates of $0.61 per share. The company’s quarterly sales came in at $2.13 billion, versus market expectations of $2.05 billion. Campbell Soup said it sees fiscal year 2022 organic net sales increasing between 1% and 2%, versus its earlier view of a 1% decline to a 1% rise.
Losses in industrial and financial shares dragged Canada''s main stock index lower on Wednesday, with investors worrying that aggressive policy tightening by central banks would stifle economic growth. The S&P/TSX came off their lows of the morning, and had climbed to within 14.66 points of breakeven to reach noon hour at 20,913.55 The Canadian dollar moved tentatively up 0.09 cents to 79.85 cents U.S. In corporate earnings, Dollarama jumped $2.39, or 3.4%, to the top of the index, at $72.20, after it beat estimates for quarterly sales as surging inflation fueled demand for the discount store''s groceries and household essentials. Canada''s budgetary watchdog said on Tuesday prices in this country are rising at their quickest pace in 31 years, but that is not yet feeding in to a wage spiral, with inflation still expected to return to target in coming years. Internationally, the Organization for Economic Cooperation and Development on Wednesday cut its 2022 global growth forecast to 2.8% from 3.2%, a day after the World Bank slashed its estimates by nearly a third to 2.9%.
Stocks were mixed on Wednesday as investors kept an eye on the bond market and signs of an economic slowdown. The Dow Jones Industrials slid 53.81 points to move into noon hour EDT at 33,126.33. The S&P 500 lost 9.5 points to 4,151.18. The NASDAQ Composite remained above breakeven 16.14 points to 12,191.37. Overseas, Credit Suisse issued a profit warning for the second quarter, citing tighter monetary policy and the war in Ukraine. Target, which issued its own warning on Tuesday, was under pressure again on Wednesday after being downgraded to neutral from buy by Bank of America. Meanwhile, the Atlanta Federal Reserve’s GDPNow tracker now shows a growth rate of just 0.9% for the second quarter, down from 1.3% last week. Mortgage demand hit its lowest level in 22 years last week, according to the Mortgage Bankers Association. Semiconductor stocks struggled on Wednesday, with Intel falling more than 4% after management comments at a Bank of America conference led a Citi analyst to predict a negative pre-announcement for the second quarter.