Cheerios Parent General Mills Slashes Sales Outlook. Its Stock Is Plunging.
Key Takeaways
- General Mills cut its full-year sales and earnings forecast, noting weak consumer sentiment and higher costs.
- Shares of rivals also dropped, indicating broader pressure across packaged foods.
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» Read more about: Cheerios Parent General Mills Slashes Sales Outlook. Its Stock Is Plunging. »
Read MoreBest Consumer Stock to Buy Right Now: Costco or Home Depot?
Key Points
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Despite its already massive size, Costco continues to open new warehouses around the world.
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Home Depot faces cyclical demand,
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Read MoreThe ‘English Warren Buffett’ Just Dumped Half His Alphabet Stake
Terry Smith, the founder and CEO of Fundsmith, is often dubbed the “English Warren Buffett” for his value-oriented investing style focused on high-quality companies with strong returns on capital. In recent quarters, Smith has been on a stock-selling spree, trimming positions in several holdings amid market volatility.
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Read MoreXLRE Trails the S&P 500 by 5% Despite Lower Interest Rates That Were Supposed To Help
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Real estate ETFs promise two things: exposure to property markets without the hassle of being a landlord, and steady income from REIT dividends. The Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) delivers both, but with a twist that matters more than most investors realize.
The Stock Market Sounds an Alarm as Investors Get a Warning From the Federal Reserve. History Says This Could Happen Next.
The S&P 500 (SNPINDEX: ^GSPC) is generally considered the best benchmark for the entire U.S. stock market. The index has underperformed the global market (excluding U.S. stocks) by its widest margin year to date since 1995, and a recent warning from the Federal Reserve explains why: U.S. equity valuations are near the upper end of their historical range.
The Burst
Is Etsy An All-Time Buy Now?
Why is Etsy stock so low? ETSY is down 36.7% year-to-date following disappointing sales reports that missed Street estimates.
The stock that nearly reached $300 per share in 2021 but is now trading under $50 per share. Adding insult to injury, Etsy (NASDAQ: ETSY) was recently dropped from the S&P 500 index.
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Read MoreThe Ivy
Breaking the $1 Billion Barrier, What’s Next for Security Leader?
CyberArk Software (NASDAQ: CYBR) just delivered a standout quarter, officially surpassing $1 billion in annual revenue for the first time in fiscal 2024. The identity security powerhouse—best known for its privileged access management solutions—is scaling at an impressive pace, fueled by surging demand, strategic acquisitions, and a seamless transition to a subscription-based model.
We take a deep dive into CyberArk’s latest earnings,
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Read MoreThe Spotlight
Spotlight: Dine On Steak After This Brazilian Breakout
Rates are going up everywhere, at least that’s what the financial press would have you believe. On July 26, Federal Reserve Chairman Jerome Powell oversaw a rate hike that placed interest rates at 22 year highs, pegging them at 5.25-5.50%.
The market had largely priced in the rate hike and so the S&P 500 fell just 0.17% on the day.
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