Warren Buffett often jokes that he gets a quarter of his daily caloric intake from Coca-Cola. But an investment firm is suggesting that Kraft Heinz, which Buffett’s Berkshire Hathaway owns a nearly 27 percent stake in, may want to buy Coke rival Pepsi.
Fixed income research shop CreditSights said in a report this week that Kraft Heinz (KHC) appears to still be itching to do a deal.....More>>>
Today (March 8) is International Women’s Day. It is also the day women across the country will not go to work, avoid shopping, and wear red, to give a small display of what the country would be like if women had fewer rights and were unable to contribute to our society. This is a continuation of the Women’s March that happened on....More>>>
When Costco Wholesale (COST) announced its fiscal first-quarter earnings in December, its shares rose 1.3%, despite initial disappointment. And next month, Costco will release its December sales, which should show whether that reaction was justified. Baird’s Peter Benedict and team offer a preview:
Modeling December “core” comps (ex-gas/FX) of....More>>>
The high-end jewelry market has always been more resilient than watches, as it is a less discretionary spending item. Moreover its cost base being mostly in Europe and outside Switzerland (compared to major watchmakers) gives an advantage to this product category, as the euro is down -6% versus the US dollar in the last 6 months. We expect the high-end jewelry sector to stabilize in the next 3 months,....More>>>
After two years of lackluster returns, the price of a single coin soared more than 100% this year putting bitcoin on track for its best annual performance since 2013. A wave of exuberance carried bitcoin from around $90 in January of that year to an all-time high of $1,242.
Bitcoins market capitalization sailed past $14.5 billion as the price of a single....More>>>
With stocks trading near record highs, traders have a lot to be thankful for this Thanksgiving.
And theyll have had plenty of time to reflect on their good fortune (or not) with markets closed Thursday in observance of Thanksgiving plus, as has been the case since 1992, the stock exchanges observe an abbreviated session on Black Friday, the traditional kickoff to the holiday shopping season.
As top Republicans see it, a medical malpractice crisis is threatening U.S. health care: Frivolous lawsuits are driving up malpractice insurance premiums and forcing physicians out of business. Doctors and hospitals live in fear of litigation, ordering excessive tests and treatments that make health care unaffordable for Americans.
That’s why Republican House Speaker Paul Ryan and....More>>>
Mid cap home products retailerWilliams-Sonoma, Inc (NYSE: WSM) reported Q2 2017 earnings after the Wednesday market close with results exceeding Wall Street expectations. Net revenues grew 3.7% to $1.202 billion versus $1.159 billion with comparable brand revenue growth of 2.8% on top of 0.6
Small cap closeout home decor retailer Tuesday Morning Corporation (NASDAQ: TUES) reported Q4 and fiscal 2017 earnings before the market opened on Thursday. Q4net sales were $223.6 million versus $222.8 million as the Company's sales comparison to the prior year is impacted by the net closur
The S&P 500 Index took a slight breather this week as investors digested a mixed jobs report, tensions in Syria and minutes from the Federal Reserve that showed officials are open to cutting back the Fed’s balance sheet later this year, further reducing monetary stimulus. Despite s
Auto part retailers have long been the darlings of the retail industry with consistent earnings growth, the highest margins in the sector, and protection from online players. And as a result, the stocks have been rewarded with a high valuation and market outperformance. However, there's a lo