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Strong Buy Alert: Analysts Say to Scoop Up These 7 Stocks
InvestorPlace· 2024-03-05 19:41
The stock market keeps hitting new record highs almost every week. With sectors like semiconductors and AI taking off, the sky is the limit.But is it too late to get a bargain in this roaring market? Fortunately, there are still some great values out there. These are seven of the top undervalued stocks to buy now. All of these are 5-star stocks according to Morningstar’s analysts, which suggests these seven strong buy stocks have dramatic upside to fair value in the weeks and months to come.Estee Lauder (EL ...
7 Consumer Staples Stocks to Load Up on Amid Market Uncertainty
InvestorPlace· 2024-03-04 23:25
While the market continues to climb a wall of worries, it’s not a bad idea to consider diversifying into consumer staples stocks to  buy. No, the idea here isn’t necessarily to get rich off the ideas (though that would be nice). Instead, it’s to mitigate volatility risks.Sure, a broader downdraft tends to impact all securities. However, certain companies and industries should be able to withstand the pressure better than others. In particular, consumer staples stocks to buy offer a viable platform because o ...
Passive Income Investors Love The 5 Highest Yielding Dividend Kings
24/7 Wall Street· 2024-03-03 15:30
Passive Income Investors Love The 5 Highest Yielding Dividend Kings ptasha / iStock via Getty Images Over the last two years, interest rates have jumped from historical lows of literally 0% to the highest level since 2007 at 5.5%. 30-year FHA Mortgages have jumped from 2.65% in January of 2021 to the current 7.24% rate. During that period, any stock that was the least sensitive to interest rates got hammered, and the damage trail covered several sectors. While it was a tough stretch for shareholders, 2024 ...
Bud Light's Dylan Mulvaney fiasco cost Anheuser-Busch more than $1B in sales last year
New York Post· 2024-03-01 15:37
Bud Light-parent Anheuser-Busch InBev may have lost more than $1 billion in sales because of its ill-fated advertisement featuring transgender influencer Dylan Mulvaney.In North America, organic revenue — seen as the best measure of operating performance — nosedived a staggering $1.4 billion in 2023, “primarily due to the volume declined of Bud Light,” according to CNN, citing the brewer’s fourth-quarter earnings report.Global volumes declined 4% in the quarter, though in North America, they fell more than ...
Is the Gemini fallout a 'Bud Light moment' for Google?
Fox Business· 2024-03-01 12:17
Google is facing heavy backlash over accusations that the company is "woke" following the revelation that its new artificial intelligence tool, Gemini, was developed with a bias against White people. The Alphabet-owned tech giant is scrambling to right ship after pulling the plug on Gemini's image generation features last week, with CEO Sundar Pichai telling employees on Tuesday the company is working "around the clock" to fix the tool's bias, calling the images generated by the model "completely unacceptab ...
Bud Light remains drag on parent company as Dylan Mulvaney hit lingers
Fox Business· 2024-02-29 22:15
Anheuser-Busch InBev beat sales estimates in its fourth quarter and full year 2023 results released Thursday. But the global beer giant continues to suffer in the U.S. from the boycott against its Bud Light brand nearly a year after entering its controversial partnership with transgender influencer Dylan Mulvaney. A-B reported revenue increased 7.8% last fiscal year, hitting an all-time high, but acknowledged its "full growth potential was constrained by the performance of our U.S. business." Ticker Securit ...
ABInBev(BUD) - 2023 Q4 - Earnings Call Transcript
2024-02-29 19:07
Anheuser-Busch Inbev SA (BUD) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET Company Participants Michel Doukeris - CEO Fernando Tennenbaum - CFO Conference Call Participants Mitchell Collett - Deutsche Bank Trevor Stirling - Sanford C. Bernstein & Co. Olivier Nicolai - Goldman Sachs Group Chris Pitcher - Redburn Sanjeet Aujla - UBS Brett Cooper - Consumer Edge Sarah Simon - Morgan Stanley Robert Ottenstein - Evercore ISI Operator Welcome to Anheuser-Busch InBev's Full Year and Fourth Quarter ...
Bud Light owner AB InBev grows profit despite boycott in US
Proactive Investors· 2024-02-29 19:03
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
AB InBev (BUD) Q4 Earnings Beat Estimates, Revenues Miss
Zacks Investment Research· 2024-02-29 18:46
Anheuser-Busch InBev SA/NV (BUD) , alias AB InBev, reported dismal results in fourth-quarter 2023. The company’s earnings beat the Zacks Consensus Estimate, while revenues missed. Sales and earnings declined on a year-over-year basis.Top and bottom-line growth reflected a positive business momentum, owing to relentless execution, investment in its brands and accelerated digital transformation. Results also benefited from continued consumer demand for its brand portfolio. Backed by the ongoing business momen ...
Anheuser-Busch, Teamsters reach labor agreement that avoids US strike
New York Post· 2024-02-29 08:19
Budweiser brewer Anheuser-Busch has reached a contract agreement with the Teamsters union that avoids a strike at its US plants.The union had threatened a strike at the brewer’s 12 US plants if an agreement on a new five-year contract wasn’t reached by 11:59 p.m. Thursday. The Teamsters union represents 5,000 Anheuser-Busch workers who brew and package beer and even take care of the company’s legendary Clydesdale horses. 3 Budweiser and Anheuser-Busch locked into a contract agreement with Anheuser-Busch w ...