betting that conagra's inflation is running its course. call it the last inflation-addled quarter, ointerest last bad quarter we've seen the same thing happen with general mills wow, what a monster that's been. jm smucker, wish i owned that one. they've been horses. even though the businesses are just okay and the real costs that obviously bad when you go out with stock people, invariably will say is this the time to buy church & dwight that was a fantastic growth stock that has been stopped in its tracks for years guess what take a look at that one. packaging freight costs and all going higher i'm adamant that you need to be very conservative with the phang names and their ilk. unfortunately, i created this, okay so it's very, very tough for me to say you know what it doesn't work in this environment. but we haven't had this environment in a very long time. as i told investors on our wild call, you sign up to listen and it's going to knock your socks off. of all these growth names, the only two that i would put fresh money into, the only

so it's very catch -- i keep hoping for conagra to do it. how they're doing. it's very much what i would describe as being -- >> all right [ opening bell ] >> taiwanese electric scooter company, which listed via spaks. >> spak. >> spak. >> india is on a red hot grid. >> yeah. india has not gotten a lot of heat -- >> no. they're all so tremendous -- tremendous we have no right when i see indian stock, i'm reminded there are issues that you need to think of. >> yeah. >> you know back to the conflict which we haven't talked about a lot in conflict in ukraine russia's war in ukraine. shell taking $5 billion -- >> this is how it works, david. >> for any number number of activities. >> they spent the money. where is that infrastructure who did they sell it to? >> nobody. there's some item they're calling -- we can't do much of anything with it and so that is the write down. by the way, these companies are benefitting a great deal from the underlying price of the commodity. generating at enormous amounts of cash flow right now we'll get to that in

the big picture today is conagra.igher after some earlier losses and big picture, we triy to glean a macro message. taking a bite out of earnings, the economy. co conagra is behind slim jims and duncan hines it had a good quarter because it was able to pass along higher prices but conagra saying it expected gross inflation to rise 16% and lowered the earnings expectations as a result the company said it would pass on higher prices to consumers, but that would take time the bottom line, inflation is wreaking havoc, and just because companies have pricing power and see a stronger consumer, it's still a major increase in cost for these firms not just consumers. the stock does close higher. could be a signal that investors are looking past it and see a peak don't miss the ceo, sean conley, of conagra on "mad money" tonight. >> we'll get another read on inflation and consumer spending tomorrow when we speak exclusively with -- tomorrow, with chipotle ceo brian niccol when we come back, shares of hp surging after waurren bu

tracks could have been made by spotted hyenas, through a more aggressive species, globally. liquid conagra a. if the government doesn't take care of the hyenas, again, we have no choice or google play the dumb, cuz i mean, we have to shoot them. that's the plan on the mazda ah, when he was a cattle, her phineas casa owner, also killed hyenas in lions. today, he protects them. he's a ranger, a member of the unable community reserve. since the ninety's farmers like casa ana, have joined neighbors to create their own nature reserves, which now cover about one 5th of namibia land mass. last night, elephants rated neighbors vegetable patch. so for the next few nights casa, ona will stand guard, despite the problems they cause the farmers still want to protect the animals on your boat. like, oh, you know that didn't things have changed to book on been on my younger yet back in the day. if a hyena took one of your animals out, you hunted it down and killed it on. been going yet, bowman b o the. today we live in a new world. i'm with laws that protect wild animals and we're going to you, how can w

in fact, you had an interview with the ceo as well of conagra, jim. >> there was unexpected weakness,hink, in some of the old, let's call them, media companies that are still reliant to a large extent on broadcast advertising. and some of that weakness may have come from conagra one line in the press release yesterday, in which they said their advertising and promotion for the quarter increased 11.5% to $65 million jpmorgan came out with a note saying they expect another stepdown in the fourth quarter of 2022 versus a year ago, and a step up in that kind of spending it may have been specific to con agora. and you know you had a long discussion >> they do own certain aisles in the supermarket. they're doing a good job but they were trying very hard to not get crushed by inflation. the idea of where they're getting customers is hard. because it's not a direct-to-consumer story it's more of a millennial story now. but that's very interesting. >> yeah. and you know, these are always concerns my understanding is that the ad market is still growing. perhaps mid-single digits here in the u.s

front, residents only ski will be addressing the greek parliament, and the terms of other earnings, conagraellation brands will be reporting their earnings. it will be interesting to see how these companies are dealing with inflationary headwinds, especially with the higher input costs they are facing. what ability do they have to pass those on to an end customer feeling the pinch of inflation? guy: this is the story. this earnings season is going to be interesting. what we want to know from these companies is, what is happening with the consumer? is your pricing power? what is your guidance? this is going to be a mega earnings season in terms of the guidance and whether or not that guidance justifies current valuations. kailey: jp morgan is going to kick it off in earnest a week from today. those results coming on april 13. with all of this, the geopolitics continues to be in the background. they will be having that conversation on "balance of power." rick scott will be joining david westin. guy: i'm going to bloomberg radio. i will be joined by marcus ashworth this evening. you can find u

a change conagra, and frozen potatoes and vegetables, upbeat guidance in outlook saying grow above longer-term projections. shares higher. lamb weweston and transportation costs here, food processors and end with one, kelly i know resonates with us both. a gold star. costco up over 68% over the last year sitting a at record high of $604 per share and lows of the pandemic roughly $262, $270. an idea how far costco has run march same store s.e-store sale much better. buying in bulk like costco, sam's club and walmart something to watch consumer dynamic when comes to inflation. >> glad you highlighted lamb weston, too. amazing crispy fries come out good good product, pricing power. str true on staples side. >> won't know you're eating them not branded that way. >> or eating elsewhere dom, thank you. >>> markets overall acting defe defensively. what about the two year, ten-year yield curve steepening the last several days as the fed turns much more hawkish. st. louis fed proceed james bullard saying the fed is behind the curve. needs to rein in inflation my next guest agrees joining me with a play

i'm more nervous about kraft hines, conagra and kellogg >> why do those names give you more pause themake you nervous we have so many brands >> so kraft hines is a company that's made a lot of positive changes over the past couple of years. it brought in more experienced management and they started reinvesting in their brands again, but at the end of the day, about 35% of the portfolio is still exposed to highly commoditized categories like cheese, meats, coffee, frozen potatoes, and they're getting squeezed in the middle you have private label on the low end, which is pretty high quality and cheaper and on the high-end, you have organics, which has really captured the premium. so i just don't think those brands in the middle can withstand the pressures on both sides and i don't think they have the pricing power to off set higher costs cheese prices, for example, are starting to rise again since the start of the year. >> do retailers push back against these packaged goods sellers to keep prices from rising as much as they otherwise might, in effect defending their consumers, their cus

we had conagra in the red this morning. at those companies and then on the other side, given kellogg's, how do you look at pepsico or coca-cola? >> those are brands that competed, soft drinks, competed a long time on pricing you take away the advertising and you lose something price promotion works better when you have a strong brand it is interesting. there are consumer trends and health trends. you mentioned snacks salty snacks one of the products in those companies. salty snacks have done very well done very well during covid and before covid they were bucking the health trend. they have outstanding marketing and distribution that is second to none. unless you have differential and a brand, this is when we will see who has the stronger brands. i would start by looking at gross margin if you just stack up food companies with gross margins, the one with the lower margins will be the ones that have a tougher time increasing prices >> 12 months from now across the board, there's margin compression or people hold the margin >