-
Johnnie Walker Maker Diageo Tanks After Missing Estimates, Latin America Woes Deepen
Tuesday, January 30, 2024 - 7:07am | 625In a recent development, the shares of Diageo Plc (NYSE:DEO) have taken a hit, dropping over 3%. This comes after the company, known for its Johnnie Walker whisky and Tanqueray gin, reported a decline in organic net sales, missing analyst estimates. The spirits giant also warned of further...
-
Cannabis Industry's Capital Crunch: Why It Needs More Funds Than Other Industries, Will Fed Legalization Change This?
Tuesday, August 29, 2023 - 3:46pm | 1207Recent research conducted by Viridian Capital Advisors reveals that the cannabis sector requires more capital as compared to other similar industries. The findings offer a unique perspective into the challenges the cannabis industry faces, especially considering the potential for federal...
-
Analysts Forecast Growth For Liquor Producer Diageo
Friday, July 13, 2018 - 11:24am | 449After some recent setbacks, Diageo plc. (NYSE: DEO) is likely to see increased growth over the next two years, according to sell-side analysts. The Analysts Goldman Sachs analyst Mitch Collett upgraded Diageo from Neutral to Buy. Argus analyst John Staszak initiated...
-
Benzinga's Bulls & Bears Of The Week: Amazon, GE, Intel, T-Mobile And More
Sunday, July 1, 2018 - 5:28pm | 897Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the old-school industrial that was just ousted from the Dow. Bearish calls included a leading semiconductor maker and a supermarket giant. The broader markets saw little progress again this...
-
Will Jorge Paulo Lemann Buy Diageo? Shares Rocket On Rumor
Saturday, June 6, 2015 - 7:59pm | 339Diageo plc (NYSE: DEO) rose more than 8 percent on a report that Jorge Paulo Lemann may make a bid for the London-based purveyor of whiskey, beer and wine. The news was reported Friday by Brazilian weekly news magazine Veja and picked up by Bloomberg. Diageo traded recently at $118.09, up $8....
-
Merger Monday Mania Roundup
Monday, November 3, 2014 - 12:42pm | 339Investors and traders were treated to a plethora of merger and acquisition activity Monday morning. Here is a round-up of notable moves. Publicis has agreed to acquire Sapient Corporation (NASDAQ: SAPE) for $3.7 billion in cash, or $25 per share. The offer represents an approximate 44 percent...
-
Markets Little Changed Ahead Of 4th Of July Break
Wednesday, July 2, 2014 - 4:34pm | 2100U.S. stocks were little changed despite an ADP jobs report showing better-than-expected numbers. The ADP report comes ahead of the non-farm payrolls due on Thursday. Analysts are expecting the payrolls to confirm 212,000 jobs were added in June. The markets will close at 1:00 p.m. on Thursday...
-
Beverage Stocks Are A Better Way To Profit From The Restaurant Group
Friday, April 11, 2014 - 10:54am | 618Ken Friedman, the co-owner of five very successful restaurants, stated in an interview in the February 2014 issue of Food & Wine magazine that, “As every restaurateur knows, you make much more money selling a drink than you do selling a plate of food.” For every investor, that should bring...
-
Barron's Recap: The New Indexing
Sunday, April 6, 2014 - 6:08pm | 831This weekend in Barron's online: alternative indexing, the quarterly report on mutual funds, as well as the prospects for Hewlett-Packard, B/E Aerospace, Rio Bravo Restaurant and more. Cover Story "Beyond Bogle: The New Indexing" by Reshma Kapadia. This week's cover story in Barron's remarks...
-
Constellation Brands Earnings Preview: High Expectations
Tuesday, January 7, 2014 - 5:08pm | 774Constellation Brands (NYSE: STZ), the largest wine producer in the world, is scheduled to share its third-quarter fiscal 2014 results Wednesday, January 8, before the opening bell. Investors will be looking for more growth arising for its recently acquired Crown Imports stake from Grupo Modelo,...
-
Seven Consumer Goods Stocks Analysts Are Bullish On For 2014
Monday, December 23, 2013 - 7:53am | 964Markets have had a heck of a year. The unemployment rate has ticked down and the uncertainty about when the Fed's quantitative easing will begin to taper is over. And the prospects for Europe and China are looking better. Though analysts do not expect another banner year for stocks, and some...
-
Molson Coors and Other UBS Beer Stock Picks
Thursday, May 2, 2013 - 12:55pm | 824Recent research by analysts at UBS shows that wholesalers of alcoholic beverages are positive about the prospects for volume growth of their products. Sales of alcoholic beverages continue to be strong both domestically and overseas. Three beer brewers made the UBS list of stock picks Anheuser-...
-
Food and Beverage Picks for 2013: Constellation Brands and Kraft Foods
Friday, January 4, 2013 - 9:14am | 556Bank of America/Merrill Lynch's "2013 Food and Beverage Year Ahead" report is out. The analyst was looking for stocks of well-positioned companies with products that are protected from consumer weakness or those with strong franchises in developing markets. Among its top stocks picks for this...
-
Earnings Expectations for the Week of January 2
Monday, January 2, 2012 - 6:41am | 930The week (and the new year) will start off quietly, as far as quarterly reports are concerned. Things will pick up a little steam later in the week as Apollo Group (NASDAQ: APOL), Constellation Brands (NYSE: STZ), Family Dollar (NYSE: FDO), Monsanto (NYSE: MON) and Mosaic (NYSE: MOS) each step into...
-
Boston Beer and Starbucks to Open Near 52-Week Highs
Wednesday, December 21, 2011 - 7:20am | 373The Dow and the S&P 500 closed up almost 3% yesterday, and beverage companies Boston Beer (NYSE: SAM) and Starbucks (NASDAQ: SBUX) reached new 52-week highs of $106.97 and $45.15 per share, respectively, in the trading session. Boston Beer has seen stronger growth than its larger rivals, and...