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These Stocks Are Today’s Movers: Nvidia, Sandisk, Paramount, IonQ, D-Wave Quantum, J.M. Smucker, Celsius, and More
Barrons· 2026-02-26 21:51
Nvidia, Sandisk, IonQ, D-Wave Quantum, Paramount, J.M. Smucker, Salesforce, and More Movers - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# These Stocks Are Today's Movers: Nvidia, Sandisk, IonQ, D-Wave Quantum, Paramount, J.M. Smucker, Sal ...
Viatris forecasts 2026 profit below estimates on India manufacturing woes
Reuters· 2026-02-26 13:37
Viatris forecasts 2026 profit below estimates on India manufacturing woes | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Viatris Inc]Follow[Pfizer Inc]FollowFeb 26 (Reuters) - Drugmaker Viatris [(VTRS.O), opens new tab] forecast annual profit below analysts' expectations on Thursday, after a fire at one of its major plants in India disrupted operations.A fire occurred at the company's manufacturing facility in Nashik, ...
Cramer's Mad Dash: J.M. Smucker
CNBC Television· 2025-08-27 13:58
Oh, hey, that's me. I'm looking at all these I don't know mascots for the Big 10. Sorry.>> Right. Well, you got Abbott Labs here, Blood. >> We got Abbott Labs and Blood and then we got a bunch of Big 10 mascots and we're still trying to figure that out.But you know what we can figure out is a Mad Dash. What do you >> Okay, David. Smuckers, the stock, as Carl mentioned, is down really badly.And u September 11 of 2023, they bought a company called Hostess. Okay. And they paid $5.6% six billion dollars includi ...
Here's where Walmart prices are changing — and staying the same — as Trump's tariffs hit
CNBC· 2025-07-17 17:43
Core Viewpoint - The article discusses how higher tariffs imposed by the Trump administration are leading to increased prices for various consumer goods at Walmart, the largest retailer in the U.S., indicating a potential impact on consumer spending and inflation trends [2][4][5]. Price Changes at Walmart - Walmart has begun raising prices on certain household items due to increased costs from tariffs, with specific examples including a frying pan and a pair of jeans [3][10]. - A CNBC analysis tracked about 50 products, revealing that approximately a dozen items saw price increases, particularly those manufactured in countries facing significant tariff rates [3][4]. - The price of a 12-piece set of pots and pans rose from $99 to $149, and a 12-inch frying pan increased from $24.97 to $31.97 [10]. Broader Retail Trends - Other retailers, including Best Buy, Costco, and Nike, have also indicated they have raised or expect to raise prices due to tariffs [7]. - The overall impact of tariffs on consumer prices has not been as severe as initially feared, with some categories experiencing price increases but overall consumer spending remaining stable [15][16]. Tariff Impact on Specific Products - Products like juvenile items, polo shirts, and plush toys have seen price increases ranging from 12% to 27% [19]. - Levi Strauss reported a price increase of $1 for its jeans, aligning with similar products, while Newell Brands noted a 20% price hike on baby gear [12][13]. Supply Chain Strategies - Retailers have employed strategies such as early imports and the use of bonded warehouses to mitigate the impact of tariffs on pricing [17][18]. - Companies are attempting to predict tariff fluctuations, which influence their pricing decisions [18]. Price Dynamics Beyond Tariffs - Prices of some non-imported items have also changed, with eggs dropping from $3.47 to $2.72, showcasing factors outside of tariffs affecting prices [22]. - Coffee prices have risen significantly due to global supply issues and potential tariffs, with Folgers coffee increasing from $16.43 to $19.24 [24][25].
Cereal giant WK Kellogg's shares surge 30% on $3B deal to be acquired by Ferrero Rocher owner
New York Post· 2025-07-10 15:23
Group 1: Acquisition Details - WK Kellogg has agreed to be acquired by Ferrero for approximately $3.1 billion, amid challenges from weakening consumer demand due to high inflation [1] - Ferrero has offered WK Kellogg's shareholders $23 per share, which represents a 31% premium over the stock's last closing price [2][5] - The acquisition is Ferrero's largest in recent years and will consolidate brands like Nutella, Kinder, and Frosted Flakes under one umbrella [3][7] Group 2: Market Context - The snacking sector is experiencing increased deal-making activity as food brands face muted sales following price hikes driven by higher input costs and a shift towards healthier options [1][7] - WK Kellogg and other packaged food companies, including J.M. Smucker and Kraft Heinz, have reported subdued demand due to cautious consumer spending in the U.S. [7][10] - WK Kellogg's projected second-quarter net sales are expected to be between $610 million and $615 million, falling short of analysts' average estimate of $653.7 million [8] Group 3: Company Background - WK Kellogg was spun off from Kellanova and represents the North American cereal business of Kellogg, the original parent company [4] - Kellanova, the maker of Cheez-It, is also in the process of being acquired by Mars in a deal valued at nearly $36 billion [4] - Ferrero has expanded significantly through acquisitions, including the purchase of Nestle's U.S. confectionery business for $2.8 billion in 2018, and reported revenue of €18.4 billion ($19.2 billion) for the financial year ending August 31 [9]