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Cramer's week ahead: nonfarm payrolls, PMI and earnings from Albertsons
CNBC· 2025-01-03 23:43
Economic Data and Market Outlook - The upcoming week will feature significant economic data, including the nonfarm payroll report and the purchasing managers' index (PMI), which are expected to impact market sentiment [1][4] - The PMI report on Monday will provide insights into the economy, while the job openings report (JOLTS) on Tuesday may offer clues for the labor report on Friday [1][2] Company Earnings and Sector Insights - Albertsons is set to report earnings on Wednesday, with a focus on food inflation and potential declines in snack and junk food sales due to the rise of GLP-1 weight loss drugs [2] - Jefferies Financial Group's earnings will also be monitored, as the company may benefit from regulatory changes under the new Federal Trade Commission leadership [2] - Constellation Brands is facing challenges due to new advisories about alcohol as a carcinogen and concerns over import tariffs on its Mexican products, although there remains optimism about its growth [4] - Delta Airlines is expected to report positive profits, but the outlook for the drugstore business remains uncertain [4] Market Events and Observations - The market will be closed on Thursday for former President Jimmy Carter's funeral, with limited consequential news expected that day [3] - The Labor Department's nonfarm payroll report on Friday is critical, as lower wage growth and disappointing hiring could lead to a decrease in the 10-year Treasury yield [4]
Insights Into Albertsons Companies (ACI) Q3: Wall Street Projections for Key Metrics
ZACKS· 2025-01-03 15:20
Core Viewpoint - Analysts project that Albertsons Companies, Inc. (ACI) will report quarterly earnings of $0.66 per share, reflecting a year-over-year decline of 16.5%, with revenues expected to reach $18.8 billion, an increase of 1.3% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate for the quarter has been revised upward by 2.5% over the past 30 days, indicating a collective reassessment by analysts [2]. - It is crucial to consider revisions to earnings projections prior to a company's earnings release, as these revisions are a key indicator of potential investor behavior regarding the stock [3]. Key Metrics Forecast - Analysts project 'Revenues- Fuel' to reach $976.68 million, indicating a year-over-year decline of 6.7% [5]. - The consensus estimate for the 'Number of stores at end of quarter' is 2,267, slightly down from 2,271 a year ago [5]. - 'Total Square Footage - Retail Square Feet' is forecasted to be 112.78 million, compared to 112.9 million from the previous year [5]. Market Performance - Shares of Albertsons Companies have increased by 2.7% over the past month, contrasting with a decline of 2.8% in the Zacks S&P 500 composite [6]. - With a Zacks Rank 2 (Buy), ACI is anticipated to outperform the overall market in the near future [6].
Will Bulls Continue to Run? 5 Stock Market Predictions for 2025
ZACKS· 2024-12-11 19:31
Group 1: Small Caps vs Large Caps - Small-cap stocks are expected to outperform large-cap stocks in 2025 due to the impact of tariffs and a long-term technical breakout [1][2][3] Group 2: Market Corrections - A 10% pullback in the stock market is anticipated in the first half of the year, as profit-taking is common even in strong bull markets [5][6] Group 3: Mergers and Acquisitions (M&A) - The M&A environment is expected to change dramatically with the new administration, which may adopt a more lenient approach towards mergers, particularly for mid and small-cap companies [7][8][9] Group 4: Bull Market Trends - The S&P 500 Index is projected to gain more than 10%, continuing the momentum of the bull market, which typically lasts around four years [10] Group 5: IPO Market - A significant increase in the IPO market is anticipated, especially in the quantum computing and AI sectors, following a recovery in 2024 [13][14]
3 Ultra-Cheap Dividend Stocks to Buy in December
The Motley Fool· 2024-12-05 09:41
If you're concerned about rising valuations in the stock market or just want some reliable income for your portfolio, now may be an optimal time to load on dividend stocks, many of which are looking incredibly cheap. While growth investors have largely looked past dividend stocks this year, the good news is that if you're targeting these types of investments right now, you don't have to look far to find some good deals.Three stocks that pay you more than the S&P 500 average yield of 1.2% and which are tradi ...
Tax Fight With Clarendon Hills Appears Over
Hinsdale· 2024-11-25 10:04
Core Points - The Hinsdale High School District 86 officials expressed satisfaction with the approval of a downsized tax district in Clarendon Hills, indicating significant progress from previous proposals [3][4]. - The Clarendon Hills Village Board unanimously approved the new tax district along 55th Street, making major concessions to local school districts that had opposed a larger tax increment financing (TIF) district [5][6]. - The expected TIF budget for the village has been reduced by half to $12.6 million, reflecting a substantial decrease from earlier estimates [7][8]. Summary by Sections Tax District Proposal - Clarendon Hills proposed a downsized tax district that received a positive reception from the Hinsdale High School District 86 board [2]. - The new proposal aims to spur development while addressing concerns from local school districts regarding the impact of a larger TIF [5][6]. Financial Implications - Under state law, the growth in property tax income from the TIF would be diverted for 23 years for use within the district, rather than being distributed to taxing bodies like schools [6]. - The village plans to retain tax income from vacant properties while redirecting funds from other properties to local taxing bodies [6]. Future Actions - The District 86 board is set to vote next month on an agreement with the village regarding the tax district, with other local government bodies expected to follow suit [8].
Shares of Companies with Big Merger Plans Jump After Trump Election
Investopedia· 2024-11-06 20:25
Group 1 - Companies involved in large mergers saw a boost in their stock prices following Donald Trump's election victory, which raised optimism for regulatory approvals [1] - Discover Financial Services (DFS) experienced an 18% increase in stock price amid its $35.3 billion acquisition plan by Capital One Financial (COF), despite previous regulatory investigations [2] - Kroger (KR) and Albertsons (ACI) also saw stock gains of nearly 4% and over 2% respectively, as their $24.6 billion merger faces regulatory scrutiny [2] - Cleveland-Cliffs (CLF) shares rose approximately 22%, as the company may have a renewed opportunity to acquire U.S. Steel (X), which previously rejected its $7.25 billion offer [2] Group 2 - U.S. Steel's stock increased by 8% following Trump's comments about blocking its acquisition by Nippon Steel, emphasizing the potential for U.S. Steel to remain an American company [2] - Year-to-date stock performance data indicates significant gains for Discover Financial, Capital One Financial, Kroger, Albertsons, Cleveland-Cliffs, and U.S. Steel, reflecting market optimism [3]
Albertsons Q2 Earnings Beat Estimates, Loyalty Members Rise 15% Y/Y
ZACKS· 2024-10-16 17:40
Albertsons Companies, Inc. (ACI) reported second-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. While net sales increased, earnings decreased from the year-ago period. We note that ACI remains focused on its "Customers for Life" strategy, which fueled growth in both digital sales and pharmacy operations. The company also achieved year-over-year increases in loyalty members and omnichannel shoppers, alongside accelerated growth in the Albertsons Media Collect ...
Albertsons Sees 24% Growth in Digital Sales Amid Expanded Offerings
PYMNTS.com· 2024-10-15 22:33
Albertsons Companies saw its digital sales increase 24% during a quarter in which its identical store sales increased 2.5%. During the quarter ended Sept. 7, the food and drug retailer also reported a 15% increase in its loyalty members, bringing the total to 43 million, according to a Tuesday (Oct. 15) earnings release. "In the second quarter of fiscal 2024, investments in our Customers for Life strategy continued to drive strong growth in our digital sales and pharmacy operations," Vivek Sankaran, CEO of ...
Compared to Estimates, Albertsons Companies (ACI) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-10-15 15:00
For the quarter ended August 2024, Albertsons Companies, Inc. (ACI) reported revenue of $18.55 billion, up 1.4% over the same period last year. EPS came in at $0.51, compared to $0.63 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $18.45 billion, representing a surprise of +0.55%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.48.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...
Albertsons Companies(ACI) - 2025 Q2 - Quarterly Report
2024-10-15 12:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 7, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-39350 Albertsons Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 47-4376911 (State or other ...