Despite a spike following the release of the Federal Reserve minutes this afternoon, the Dow Jones Industrial Average (DJINDICES: ^DJI ) wasn’t able to hang on to the gains, ending the day down a hair, off 8 points, or 0.06%. Investors reacted favorably to the Fed’s Open Market Committee observations from its June meeting, even as the minutes showed that a number of central bank members favor beginning to taper its monthly bond-buying program starting this year. However, the bankers also acknowledged that more improvements in the job market are needed before the Fed can take away the stimulus program, an encouraging sign for investors who believe the Fed may be pulling the plug too soon on the fragile recovery.
Hewlett-Packard (NYSE: HPQ ) topped Dow stocks today, gaining 1.8% and hitting a new 52-week high after receiving an upgrade from Citigroup to “buy” all the way from “sell,” as analyst Jim Suva endorsed the PC-maker’s turnaround strategy, saying it had cut $3 billion in costs through employee layoffs and was moving away from past failed strategies. Ironically, the upgrade came on the same day as tech research firm Gartner reported that worldwide PC shipments drop 11% in the second quarter, the fifth consecutive quarter of declines. In total, 76 million PCs were shipped, down from 85 million a year ago, and Lenovo narrowly beat out HP for the top spot. Facing the inevitable decline of the computer, HP has focused on enterprise and services as a way to drive profit growth.
Best Consumer Stocks To Invest In Right Now: Ten Peaks Coffee Company Inc (TPK)
Ten Peaks Coffee Company Inc. (Ten Peaks) is a Canada-based company. It operates its business through its subsidiary, Swiss Water Decaffeinated Coffee Company Inc. (SWDCC), which is a green coffee decaffeinator located in Burnaby, British Columbia. It also owns and operates Seaforth Supply Chain Solutions Inc. (Seaforth), a green coffee handling and warehousing business located in Metro Vancouver. SWDCC is engaged in the coffee decaffeination business utilizing the branded Swiss Water Process of 100% chemical free green coffee decaffeination. SWDCC has two subsidiaries, which include Swiss Water Decaffeinated Coffee Co. USA, Inc, and Swiss Water Process Marketing Services Inc. On November 18, 2011, a subsidiary of Ten Peaks, Seaforth Supply Chain Solutions Inc., was incorporated. On January 1, 2011, in response to changes to the legislation governing the taxation of income trusts which made the income trust form of structure less advantageous, the Fund converted to a corporat ion. Advisors’ Opinion:
- [By Inyoung Hwang]
Travis Perkins Plc (TPK) lost 1.6 percent to 1,749 pence. The builders’ merchant said its consumer division failed to grow on a comparable basis in the third quarter, slipping from an 8.6 percent increase in the two months ended June.
Best Consumer Stocks To Invest In Right Now: Tesco PLC (TSCDY)
Tesco PLC, incorporated on November 27, 1947, is engaged in retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand and Turkey. The Company also provides retail banking and insurance services through its subsidiary, Tesco Bank. The Company’s operations in the United Kingdom is the within the Company, with over 3,000 stores. The Company’s in-store picking model is complemented by a small number of specialized dotcom-only stores, which allow the Company to respond to customer demand. The Company’s Click & Collect service is a part of its multichannel offering and enables customers to pick up their shopping when and where it suits them. It has over 1,500 Click & Collect collection points for general merchandise and over 150 Grocery Drive-thrus in the United Kingdom.
The Company’s operations in India include sourcing and its service cent re, as well as a franchise arrangement with Tata Group. The Company’s Hindustan Service Centre (HSC) is the global services arm for Tesco worldwide, providing business services for Tesco operations globally. Tesco HSC is engaged in creating and executing strategic initiatives covering information technology (IT), Financial, Commercial and Property, among others. The Company also provides 80% of the stock sold by Star Bazaar, both food and non-food, sourced through its distribution centre in Mumbai. This distribution centre also provides wholesale products to traditional Indian retailers, kirana stores, restaurants and other businesses, providing small farmers and other suppliers with a way to sell their wares to the local market.
The Company has an online business and 22 of virtual stores in South Korean subways and bus stops, which help time-pressed customers, shop on-the-go using their smartphones. Tesco Lotus is its international business, serving over 11 m illion customers every week in over 1,400 stores. Tesco Bank! offer a range of simple personal banking products, principally-mortgages, credit cards, personal loans, and savings.
- [By Sally Jones]
According to the GuruFocus Value Screen for finding historical lows, two food retailers Empire Company Limited (TSX:EMP.A) and Tesco PLC (TSCDY), and a farm and ranch retailer, Tractor Supply (TSCO) are held by guru investors and are being traded at or near a 10-year low. Here are the company updates and trading highlights as of the third quarter of 2013.
- [By G. A. Chester]
LONDON — Top British supermarket Tesco (LSE: TSCO ) (NASDAQOTH: TSCDY ) is due to announce its annual results on April 17.
- [By Alan Oscroft]
Next Wednesday, April 17, brings us one of the most hotly awaited company announcements of 2013 so far — full-year results from Tesco (LSE: TSCO ) . (NASDAQOTH: TSCDY ) After the U.K.’s biggest supermarket had a weak Christmas in 2011, and saw its share price slump as a result, Warren Buffett famously bought in big. And he’s done well so far — from a 52-week low of 295 pence back in June last year, Tesco shares are now back up 30%, to 385 pence.
Best Consumer Stocks To Invest In Right Now: Sharp Corp (SRP)
Sharp Corporation is a Japan-based company mainly engaged in the manufacture and sale of electric telecommunication, electric and electronic equipment. The Company operates in two business segments. The Electronics Equipment segment offers audio and video (AV) and communication products, including liquid crystal color televisions, projectors and various telephones; health and environmental equipment, including refrigerators, microwaves and air conditioners, as well as information equipment, such as handy terminal equipment, electronic registers, information displays and copy machines. The Electronic Component segment provides liquid related products such as liquid crystal display modules, solar cells, as well as other electronic devices, such as parts for satellite broadcasting, regulators and optical sensors. The Company withdrawed from solar battery production in United Kingdom by end of Feb. 2014. Advisors’ Opinion:
- [By Sofia Horta e Costa]
Vivendi SA climbed 2.7 percent after posting better-than-estimated third-quarter profit and saying it plans to spin off its French phone carrier SFR by July 2014. Serco Group Plc (SRP) increased 1.7 percent as UBS AG upgraded the stock. Safran SA (SAF) lost 3.2 percent as its largest shareholder sold a stake.
- [By Alexis Xydias]
Eurasian Natural Resources Corp. fell 3.7 percent, as a gauge of London-listed commodity producers dropped. BAE Systems Plc (BA/) retreated 2.1 percent after Deutsche Bank AG downgraded Europe’s biggest defense company. Serco Group Plc (SRP) advanced 2.7 percent after saying first-half sales will grow at a faster pace than it had estimated.
Best Consumer Stocks To Invest In Right Now: Attitude Drinks Inc (ATTD)
Attitude Drinks Incorporated (Attitude), incorporated on May 10, 1988, is a brand-development company. The Company focuses on the non-alcoholic single serving beverage business, developing and marketing of milk based products in two segments: sports recovery and functional dairy. The Company does not directly manufacture its products but instead outsources the manufacturing process to third party packers.
Attitude has developed its second product, which is branded as Phase III Recovery is a milk-based protein drink which is available in chocolate and vanilla flavors. The Company’s co-packer for its dairy based product is O-AT-KA Milk Products Cooperative, Inc. in Batavia, New York. This product contains 35 grams of protein that are inherent in filtered milk. The product is packaged as a retort-processed shelf stable dairy-based 100% milk-based sports recovery drink in both chocolate and vanilla flavors.
The Company competes with The Coca-Cola C ompany and Pepsico Inc.
- [By Peter Graham]
Small cap stocks Attitude Drinks Inc (OTCMKTS: ATTD), Axiologix, Inc (OTCMKTS: AXLX) and Unisource Corporation (OTCMKTS: USRC) have all been getting some attention lately in investment emails or investor alerts thanks in part to paid promotions. And while there is nothing wrong with properly disclosed paid promotions or investor relations activity, such activity can backfire on unwary investors or traders. With that in mind, here is a closer look at all three small cap stocks to help you decide whether they are truly hot or not:
Best Consumer Stocks To Invest In Right Now: Outerwall Inc (OUTR)
Outerwall Inc, formerly Coinstar, Inc., incorporated on October 12, 1993, is a provider of automated retail solutions, which offers convenient products and services. the Company’s offerings in automated retail include its Redbox business, where consumers can rent or purchase movies and video games from self-service kiosks (Redbox segment), and its Coin business, where consumers can convert their coin to cash or stored value products at self-service coin counting kiosks (Coin segment). Its New Ventures business (New Ventures segment) is focused on identifying, evaluating, building, and developing self-service concepts in the marketplace. On June 9, 2011, the Company completed the sale transaction of the Money Transfer Business to Sigue Corporation (Sigue). In June 2012, the Company’s wholly owned subsidiary, Redbox Automated Retail, LLC, acquired certain assets of NCR Corp’s self-service entertainment DVD kiosk business. In October 2013, Jana Partners LLC acquired a 13.5% stake in Outerwall Inc.
Within the Company’s Redbox segment, it operates 35,400 Redbox kiosks, in 29,300 locations, where consumers can rent or purchase movies and video games. Its Redbox kiosks are available in every state, as well as Puerto Rico and are installed at grocery stores, mass retailers, drug stores, restaurants and convenience stores, including Walgreens, Walmart and McDonalds. Its Redbox kiosks supply the functionality of a traditional video rental store, which occupy an area of less than 10 square feet. Consumers use a touch screen to select their titles, swipe a valid credit or debit card, and receive their movie or video game. The daily rental fee at a Redbox kiosk is a flat fee plus tax for one daily rental and, if the consumer chooses to keep the movie or video game for additional days, the consumer is charged for each additional day at the same daily rental fee. Its consumers can rent a movie or video game from one loca tion and return their rental to any of its Redbox locations.! In addition, its consumers may reserve a movie or video game online or through a smart phone application and pick it up at the selected Redbox location.
The Company generates revenue through fees charged to rent or purchase a movie or video game, and it pays retailers a percentage of its revenue. Its content library consists of movies and video games available for rent or purchase. It obtains its movie and video game content through revenue sharing agreements and license agreements with studios and game publishers, as well as through distributors and other suppliers.
As of December 31, 2011, within the Company’s Coin segment, it owned and operated approximately 20,200 coin-counting kiosks (approximately 17,200, of which offer a range of stored value products to consumers) in 19,900 locations, where consumers feed loose change into the kiosks, which count the change and then dispense vouchers or, in some cases, issue stored value products, at the consumer’s election. Its Coin kiosks are available across the United States, where they provide service to retailers, such as Kroger and Walmart, and in Canada, Puerto Rico, Ireland and the United Kingdom. It generates revenue through transaction fees from its consumers and product partners. Each voucher lists the dollar value of coins counted, less its transaction fee. When consumers elect to have a stored value product issued, the transaction fee normally charged to the consumer is charged instead to the card issuers for the coin-counting services.
Within the Company’s New Ventures segment, it identifies, evaluates, builds and develops self-service concepts in the automated retail space. Its New Ventures segment consists of its coffee, refurbished electronics and photo self-service concepts. It generates revenue through fees charged for products and services offered to consumers in select test markets where it is testing business concepts.
- [By John Kell and Lauren Pollock var popups = dojo.query(“.socialByline .popC”); ]
Jana Partners LLC on Monday said it is pleased with shareholder-friendly steps taken by Outerwall Inc.(OUTR) as the activist investor disclosed it has pared its stake in the operator of Redbox video-rental kiosks.
- [By Sue Chang and Saumya Vaishampayan]
Outerwall Inc. (OUTR) shares surged 11%. The company, which operates Redbox movie kiosks and Coinstar machines, posted fourth-quarter core earnings that beat analyst estimates and authorized a $350 million buyback.
- [By CNNMoney Staff]
Shares of Outerwall Inc. (OUTR), which produces Redbox and Coinstar dispensers, surged 12% on news that the company plans to buy back $350 million worth of stock.
Best Consumer Stocks To Invest In Right Now: Campbell Soup Co (CPB)
Campbell Soup Company (Campbell), incorporated on November 23, 1922, together with its subsidiaries, is a manufacturer and marketer of branded convenience food products. The Company operates in five segments: U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages; and North America Foodservice. In June 2012, the Company purchased 1300 Admiral Wilson Boulevard in Camden. On August 6, 2012, the Company completed the acquisition of BF Bolthouse Holdco LLC (Bolthouse Farms). In September 2012, Vilmorin & Cie SA acquired the tomato and pepper breeding and sales business of the Company. In June 2013, Campbell Soup Co completed the acquisition of Plum Organics. In August 2013, Campbell Soup Company completed the acquisition of Kelsen Group A/S.
In the United States, Canada and Latin America, the Company’s products are resold to consumers in retail food chains, mass discounters, mass merchandisers, club stores, conven ience stores, drug stores, dollar stores and other retail, commercial and non-commercial establishments. In Europe, the Company’s products are resold to consumers in retail food chains, mass discounters, mass merchandisers, club stores, convenience stores and other retail, commercial and non-commercial establishments. In the Asia Pacific region, the Company’s products are resold to consumers through retail food chains, convenience stores and other retail, commercial and non-commercial establishments.
U.S. Simple Meals
The U.S. Simple Meals segment aggregates the operating segments: U.S. Soup and U.S. Sauces. The U.S. Soup retail business includes the products, such as Campbell’s condensed and ready-to-serve soups, and Swanson broth and stocks. The U.S. Sauces retail business includes Pregopasta sauces, Pace Mexican sauces, Campbell’s canned gravies, pasta, and beans, and Swanson canned poultry.
Global Baking and Snacking
The Global Baking and Snacking segment include Pepperi! dge Farm cookies, crackers, bakery and frozen products in the United States retail. It also includes Arnott’s biscuits in Australia and Asia Pacific.
International Simple Meals and Beverages
The International Simple Meals and Beverages segment aggregates the simple meals and beverages operating segments outside of the United States, including Europe, the retail business in Canada, and the businesses in Asia Pacific, Latin America and China. The segment’s operations include Erasco and Heisse Tasse soups in Germany,Liebig and Royco soups in France, Devos Lemmens mayonnaise and cold sauces and Campbell’s and Royco soups in Belgium, and Bla Band soups and sauces in Sweden. In Canada, operations include Habitant and Campbell’s soups, Prego pasta sauces, Pace Mexican sauces, V8 juices and beverages and certain Pepperidge Farm products. In Asia Pacific, operations include Campbell’s soup and stock, Kimball sauces, V8 juices and beverages, Prego p asta sauce and Swanson broths.
The U.S. Beverages segment represents the United States retail beverages business, including V8 juices and beverages, and Campbell’s tomato juice.
North America Foodservice
The North America Foodservice segment represents the distribution of products, such as soup, specialty entrees, beverage products, other prepared foods and Pepperidge Farm products through food service channels in the United States and Canada.
- [By Reuters]
Katherine Frey/The Washington Post via Getty Images SAN ANTONIO — Mexican restaurants in the United States are being squeezed by a sudden jump in the price of limes, an essential ingredient, which has led managers in places like San Antonio that are a hotbed for the cuisine to alter recipes. “Mexico received some heavy rains that destroyed a large amount of the lime crop, so with limited supplies we are seeing lime prices skyrocket,” Bryan Black, director of communications for the Texas Department of Agriculture, said on Thursday. Texas like most U.S. states receives most of their limes form Mexico. John Berry, who runs La Fonda, a prominent Mexican restaurant in San Antonio, said Thursday the price he pays for a case of limes has jumped to nearly $100 from $14 last year. “Real simple,” Berry said. “We don’t buy them. We substitute lemons.” Limes are used in guacamole and to garnish beers. Serving a margarita without a lime garnish is burning at the heart of Louis Barrios, who runs the family-owned Mexican restaurant chain “Los Barrios.” But he’s doing without. “Ninety nine percent of the time, people don’t squeeze it into the margarita anyway,” Barrios says. A combination of factors has prompted the spike in lime prices. Most limes consumed in the United States come from the Mexican states of Oaxaca, Colima, and Guerrero, which have been hit by an unusual combination of cold weather and flooding, wholesalers said. Shipments have also been disrupted by violence attributed to drug gangs, they said. The high prices aren’t expected to end any time soon, according to wholesalers. Pre-made soups can contain a large number of ingredients containing GMOs. For instance, Campbell’s (CPB) popular condensed Tomato Soup lists high fructose corn syrup as its second biggest ingredient. According to the Non-GMO Project, nearly 88 percent of all corn planted in the United States is GMO.
- [By DAILYFINANCE]
Susan Walsh/APCalifornia Olive Oil Council Executive Director Patricia Darragh. WASHINGTON — It’s a pressing matter for the tiny U.S. olive oil industry: American shoppers more often are going for European imports, which are cheaper and viewed as more authentic. And that’s pitting U.S. producers against importers of the European oil, with some likening the battle to the California wine industry’s struggles to gain acceptance decades ago. The tiny California olive industry says European olive oil filling U.S. shelves often is mislabeled and lower-grade oil, and they’re pushing the federal government to give more scrutiny to imported varieties. One congressman-farmer even goes so far as suggesting labels on imported oil say “extra rancid” rather than “extra virgin.” Imposing stricter standards might help American producers grab more market share from the Europeans, who produce in bulk and now have 97 percent of the U.S. market. Olive oil production is growing steadily. The domestic industry, with mostly high-end specialty brands, has gone from 1 percent of the national olive oil market five years ago to 3 percent today. Most of the production is in California, although there are smaller operations in Texas, Georgia and a few other states. Seeking to build on that, the domestic industry has mounted an aggressive push in Washington, holding olive oil tastings for members of Congress and lobbying them to put stricter standards on imports. The strategy almost worked last year when industry-proposed language became part of a massive farm bill passed out of the House Agriculture Committee. The provision backed by California lawmakers would have allowed the Agriculture Department to extend mandatory quality controls for the domestic industry to imports. The bill’s language would have allowed government testing of domestic and imported olive oil to ensure that it was labeled correctly. That testing, intended to prevent labeling lower-grade olive oil as “extra
- [By Jake L’Ecuyer]
Campbell Soup Co (NYSE: CPB) reported a 71% gain in its fiscal second-quarter profit. Campbell’s quarterly earnings surged to $325 million, or $1.03 per share, versus $190 million, or $0.60 per share, in the year-ago quarter. Excluding special costs, it earned $1.04 per share. Its sales climbed 5.5% to $2.28 billion. However, analysts were projecting earnings of $0.73 per share on revenue of $2.27 billion.
- [By DAILYFINANCE]
Andrew Harrer/Bloomberg via Getty Images CAMDEN, N.J. — Campbell Soup reported that its second-quarter profit and revenue came in above Wall Street expectations Friday, helped by the later Thanksgiving. The company said sales for its U.S. Simple Meals division rose 7 percent, lifted by higher volumes and prices and the acquisition of Plum Organics. U.S. soup sales rose 5 percent, in part because a later Thanksgiving pushed shipments to retailers back into the quarter. For the first half of the year, soup sales are still down 1 percent. Campbell Soup Co. (CPB), based in Camden, N.J., is working to find ways to boost sales of its canned soups. The company is contending with the wide availability of fresh soup in the hot food bars of supermarkets. It’s also trying to update the image of its soups, and has introduced new packaging and flavors designed to appeal to a younger crowd. For the period ended Jan. 26, Campbell earned $325 million, or $1.03 a share. That compares with $190 million, or 60 cents a share, a year ago. Not including discontinued operations of its recently sold European business, Campbell said adjusted earnings were 76 cents a share, above the 73 cents a share Wall Street expected. Revenue rose to $2.28 billion, also above the $2.27 billion analysts expected, according to FactSet. The company stood by its 2014 outlook for core sales to grow by 4 percent to 5 percent and earnings a share to grow by 2 percent to 4 percent, or $2.53 to $2.58 a share. Campbell’s shares rose $1.38, or 3.3 percent, to $42.35 in premarket trading. Pre-made soups can contain a large number of ingredients containing GMOs. For instance, Campbell’s (CPB) popular condensed Tomato Soup lists high fructose corn syrup as its second biggest ingredient. According to the Non-GMO Project, nearly 88 percent of all corn planted in the United States is GMO.
Best Consumer Stocks To Invest In Right Now: Green Mountain Coffee Roasters Inc.(GMCR)
Green Mountain Coffee Roasters, Inc. engages in the specialty coffee and coffee maker business. The company sources, produces, and sells approximately 200 varieties of coffee, cocoa, teas, and other beverages in K-Cup portion packs and coffee in traditional packaging, including whole bean and ground coffee selections in bags and ground coffee in fractional packs for use in at-home (AH) and away-from-home (AFH). It sells its products primarily in North America through supermarkets, club stores, and convenience stores; in restaurants and hospitality; and to office coffee distributors, as well as directly to consumers through its Website. The company also manufactures gourmet single-cup brewing systems and brewing equipment. In addition, it sells AH single-cup brewers; accessories; and coffee, tea, hot cocoa, and other beverages in K-Cup portion packs, as well as offers other licensed roasters to retailers, department stores, and mass merchandisers. Further, the company sells AFH single-cup brewers to distributors for use in offices. It provides its products under the Van Houtte, Br