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Jul 13, 2022
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>>dom >>dom, maybe you'll surprise me. >> i'm not a conagra guy this is the opposite of the jpmorgan,expectations are so low, that they might have a nice beat tomorrow conagra, on the other hand, people are remembering pepsi from yesterday, they had real strong numbers because they passed costs along and raised prices nicely, i think it doesn't have the kind of brand that, will for the most part, allow them to be price setters. i'm a little afraid folks are too optimistic, that the costs will hit them, but the pricing won't be as strong as maybe other folks. so i would be a little conscious on conagra and i would focus on the costs. >> still trading above a 14 forward p.e., so not that cheep. to our final name here in the bellwether semi paste. taiwan semi is 44% off the highs. the entire chip sector has gotten dragged down, of course kristina partsinevelos has the story. what are you watching? >> we're going in knowing that taiwan semi already posted better than expected quarterly reviews. this foundry in particular, that pretty much makes the most advanced silicon chips, is expected
>>dom >>dom, maybe you'll surprise me. >> i'm not a conagra guy this is the opposite of the jpmorgan,expectations are so low, that they might have a nice beat tomorrow conagra, on the other hand, people are remembering pepsi from yesterday, they had real strong numbers because they passed costs along and raised prices nicely, i think it doesn't have the kind of brand that, will for the most part, allow them to be price setters. i'm a little afraid folks are too optimistic,...
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Jul 14, 2022
07/22
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cona conagra lower.na lower and costco higher on an upgrade at deutsche bank, who says its membership model will outperform in this uncertain environment. here to help us trade them is tom liden. let's kick things off with conagra, a lot to chew on from their earnings release. >> you're right, courtney, there is steve kind of just made the case for investors cutting back and conagra has a lot of great brands, a lot of expensive brands as they message in their earnings, costs are going up tremendously for them. supply chain issues, freight costs are forcing them to raise prices and with that you're seeing lower sales. i think we all know a lot of the brands, the chef boyardees and hunts of the world but today with inflation right around the corner, a lot of investors and purchasers around the country are going for lower priced brands i think we'll see more of that most importantly, the stock has not done anything in five years. if it's not doing well when the markets are doing well and the economy is doin
cona conagra lower.na lower and costco higher on an upgrade at deutsche bank, who says its membership model will outperform in this uncertain environment. here to help us trade them is tom liden. let's kick things off with conagra, a lot to chew on from their earnings release. >> you're right, courtney, there is steve kind of just made the case for investors cutting back and conagra has a lot of great brands, a lot of expensive brands as they message in their earnings, costs are going up...
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Jul 14, 2022
07/22
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conagra took 13 points for price.ll. >> i think there is -- they did not say to me that there's trade-down, but i think you're seeing the beginning of trade-down that's why i'm not there they did not say that. but i think -- [ bell ] >> the opening bell here cnbc realtime exchange harlow capital advisers at the big board. and at the nasdaq, softbank group says the opportunity for two years, as some said this morning, i think jpmorgan, that this morning's action is what we might have expected yesterday. >> i think that's right. we ended up with the nasdaq going down .15 yesterday there's a stock david is very close to and it has been down -- it may have been the peak. exxon at 81. where was it when oil was -- >> it was 100 bucks, wasn't it you're right we may have hit the high >> i think it was the high. >> or at least the recent high by the way, do watch it on peacock. it's going to be there forever >> promotion >> i want to pro vmote it. so much work went into it, it's a shame people don't continue to want to watch i
conagra took 13 points for price.ll. >> i think there is -- they did not say to me that there's trade-down, but i think you're seeing the beginning of trade-down that's why i'm not there they did not say that. but i think -- [ bell ] >> the opening bell here cnbc realtime exchange harlow capital advisers at the big board. and at the nasdaq, softbank group says the opportunity for two years, as some said this morning, i think jpmorgan, that this morning's action is what we might have...
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Jul 14, 2022
07/22
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mike, what was also interesting about conagra, sure the company is benefiting from pricing but that'swth is. they had declining volumes, unlike pepsico so maybe there are increasing signs that the consumer is pushing back. >> right i do think that's what's being expressed in the market right here there is some concern about how long you can essentially defend revenue with the price increases in the categories that conagra competes in with their brands. the company has an investor meeting in a couple of weeks maybe the street will be alert for anything in the way of potential brand sales or portfolio trimming, things like that it's like a cheaper stock within staples but it's really been sideways, this stock, in the 30s, more or less for seven years. so it's not a new story that there's a lack of faith and a lack of enthusiasm on the street for conagra in particular, but what it says for the macro is interesting. you'll have to second guess the plans for pricing power and the claims of pricing power probably for a lot of companies this earnings season based on what's gone on in the eco
mike, what was also interesting about conagra, sure the company is benefiting from pricing but that'swth is. they had declining volumes, unlike pepsico so maybe there are increasing signs that the consumer is pushing back. >> right i do think that's what's being expressed in the market right here there is some concern about how long you can essentially defend revenue with the price increases in the categories that conagra competes in with their brands. the company has an investor meeting...
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Jul 14, 2022
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we just renewed ours, boosting to $579 a share more on cnbc.com/pro conagra is the worst name in the&p. it just had earnings, posted a mixed quarter, higher costs eating into their profit margins. those margins fell by three points year over year and the company says more price hikes are on the way as they forecast inflation in the low teens during their new fiscal year conagra down 8%. here are some of the names hitting 52 week lows today and they include under armour, caesars and royal caribbean down about 70% from their highs match group hitting an all time low and disney down 51% from its recent highs at its lowest levels, the month the pandemic hit. the past 3, 6 and 12 months, yikes. to kate rodgers now for an update kate >>> a 38-year-old texas man was driving the pickup truck that crossed into an oncoming lane crashing into a van carrying a new mexico college golf team, not his 13-year-old son as investigators thought. the ntsb said the man had methamphetamine in his system. the man, his son and seven people on the van were killed in the crash. >>> in virginia authorities now
we just renewed ours, boosting to $579 a share more on cnbc.com/pro conagra is the worst name in the&p. it just had earnings, posted a mixed quarter, higher costs eating into their profit margins. those margins fell by three points year over year and the company says more price hikes are on the way as they forecast inflation in the low teens during their new fiscal year conagra down 8%. here are some of the names hitting 52 week lows today and they include under armour, caesars and royal...
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Jul 14, 2022
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conagra, by the way, did see a key measure of profit margins squeezed by higher input costs conagra amongnings reports that are going to drive a lot of that kind of micro economic company specific story that we have in the economy overall, joe >> thanks, you know, honestly, they are fascinating, had but w seen this movie before with loan loss reserves. they release some, book some it affects the bottom line, but we always discount whether it actually matters well, that was from reversing reselves reserves that they had taken the big picture is it's likely to get worse in the next three months >> you can kind of glean a little bit something, because it's the responsibility of managers at all these big banks, especially the publicly-traded ones, to kind of transparently give an idea of what they think could be bad loans in the future, right? and they'd have to kind of make an allowance for that. so can you glean a little bit about how much they think it will be in the future. we understand if it doesn't come to fruition we see a boost in subsequent quarters. and then all of a sudden those p
conagra, by the way, did see a key measure of profit margins squeezed by higher input costs conagra amongnings reports that are going to drive a lot of that kind of micro economic company specific story that we have in the economy overall, joe >> thanks, you know, honestly, they are fascinating, had but w seen this movie before with loan loss reserves. they release some, book some it affects the bottom line, but we always discount whether it actually matters well, that was from reversing...
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Jul 11, 2022
07/22
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also conagra, the packaged food company. they have a lot of good brands that are just getting better, not to mention 3.57% yield. the value -- because of working from home. a lot of snacking, that is something i said would help frito-lay. and the company that provides uniforms and other -- when it merged with its largest competitor. get a check on the -- as i am not sure we will have any acceleration of this kind of nationwide gloom. we talked about that with -- they still have good business formation but, there is concern things are -- they are gloomy. friday, the bank day. wells fargo's stocks fell after failing to grow much last quarter and higher expenses. i was infuriated by that. the company says there are regulatory issues they are working toward. we own wells for the travel trust but, this is a bank under a lot of federal pressure. much more pressure than i thought at this point since the ceo took over. at this price, i think there is little to lose with wells fargo and a lot more to gain. then, citigroup. they are a
also conagra, the packaged food company. they have a lot of good brands that are just getting better, not to mention 3.57% yield. the value -- because of working from home. a lot of snacking, that is something i said would help frito-lay. and the company that provides uniforms and other -- when it merged with its largest competitor. get a check on the -- as i am not sure we will have any acceleration of this kind of nationwide gloom. we talked about that with -- they still have good business...
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Jul 14, 2022
07/22
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meanwhile, conagra is a good earnings example of a company that has powerful brands, but, seems to nowing into struggles when it comes to pricing power. consumers are starting to balk at higher prices. k that is something that has been driving the market for a while. driving volatility as well. some of that, to bit today when federal reserve governor christopher waller laid out his perspective on the fed rate path. >> i support another 75 basis point increase, however, my base case for july depends on incoming data. we have important data releases on retail sales, housing, inflation expectations coming in before the next meeting. if those data come in materially stronger than expected, that would make me lean towards a larger hike at the july meeting. kriti: joining us is bloomberg's mike mckee who just interviewed waller. sankey was always for joining us. 100 basis points is being priced into some parts of the market. christopher waller says 75 is a way to go. your take? mike: i think waller will be influential. he was one of the most out front when they would to 75. he has been one o
meanwhile, conagra is a good earnings example of a company that has powerful brands, but, seems to nowing into struggles when it comes to pricing power. consumers are starting to balk at higher prices. k that is something that has been driving the market for a while. driving volatility as well. some of that, to bit today when federal reserve governor christopher waller laid out his perspective on the fed rate path. >> i support another 75 basis point increase, however, my base case for...
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Jul 26, 2022
07/22
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impact to brands that derive a lot of sales from walmart, including general mills, jm smucker, and conagra. walmart did note a good start for back to school, but did note more pressure to general merchandise in the back half of the year. tom? >> take me back to that number you lead with. sales did what but profits did what at walmart? >> reporter: so what walmart is saying for the rest of this quarter and as it impacts the rest of the year, that sales are anticipated to be higher. both revenues and general sales that they had forecast at the end of the first quarter. the total profit is expected to be lower than the first forecast, because they are selling more goods, but goods that are of lower margin or less profitability. >> if they are having to cut prices on discretionary goods that you mentioned, which i assume include clothing and furnishings and other items like that, you end up subsidizing the sale that you are getting and making less money in return. okay, court, thank you very much. appreciate it. >>> let's turn to mcdonald's now. that stock trading higher and better than expect
impact to brands that derive a lot of sales from walmart, including general mills, jm smucker, and conagra. walmart did note a good start for back to school, but did note more pressure to general merchandise in the back half of the year. tom? >> take me back to that number you lead with. sales did what but profits did what at walmart? >> reporter: so what walmart is saying for the rest of this quarter and as it impacts the rest of the year, that sales are anticipated to be higher....
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Jul 26, 2022
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price target on the shears they're more cautious on the cpg companies like general mills, smucker, conagrais bigger for walmart and the markets. are consumers finally feeling the impacts of inflation with the bulk of back to school and holiday spending in the months to come, this is a worrisome time >> is this consumers really feeling the pinch or spending their money in other places? are they traveling so they aren't buying other things like electronics? we bought all those things if you bought your patio furniture, your new couch, if you already bought all of those things you maybe don't need them now, and maybe you're taking some of your money and doing things you hadn't been doing before, like traveling, getting out, entertainment, different things and second of all, this idea -- go ahead >> oh, no, i was just going to say yeah, that's such a good point, becky we've all seen the pictures of what's going on at the airlines. london heathrow saying please, don't schedule any more flights. we simply don't have the capacity that's all somewhat bought in the future in the immediate do we rea
price target on the shears they're more cautious on the cpg companies like general mills, smucker, conagrais bigger for walmart and the markets. are consumers finally feeling the impacts of inflation with the bulk of back to school and holiday spending in the months to come, this is a worrisome time >> is this consumers really feeling the pinch or spending their money in other places? are they traveling so they aren't buying other things like electronics? we bought all those things if you...
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Jul 14, 2022
07/22
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stuart: conagra is a giant food company.. cash is king. stuart: that was an ugly rumor. we were trying to pay for something in the cafeteria and i brought out two, 20s. let's move on. meta. where are they now? susan: there are symbols in the market which i find surprising, citigroup is at 270. 270. this morning. stuart: bullet hit 270? susan: when you hit wall street forecasts, this is not the highest in the street, we talked about 300 target price cut, calling meta-of $300 stock, slowing at revenues means less spending. stuart: where is robhello x? susan: it is an upgrade in this down market. it is going to be the winner of the future meta verse because they have 50 million daily active users, 80% of users are under 18. there is a long pipeline ahead in the future especially if we are heading into this virtual world. stuart: i am dying for it. interesting story. delta airlines flew an empty plane from london to detroit, no passengers on board, just luggage. that is how you get it sorted out around the world. we told you abo
stuart: conagra is a giant food company.. cash is king. stuart: that was an ugly rumor. we were trying to pay for something in the cafeteria and i brought out two, 20s. let's move on. meta. where are they now? susan: there are symbols in the market which i find surprising, citigroup is at 270. 270. this morning. stuart: bullet hit 270? susan: when you hit wall street forecasts, this is not the highest in the street, we talked about 300 target price cut, calling meta-of $300 stock, slowing at...