Tag Archives: sees

Coffee consumption at home — which boomed during COVID-19 lockdowns — is here to stay despite momentum to return to the office, according to one top consumer brand. J.M. Smucker (SJM) CEO Mark Smucker told Yahoo Finance that “at-home consumption will stay elevated” with 70% of coffee drinking now happening at home, compared to 2/3 prior to the pandemic. With a hybrid model in mind, Smucker believes people will continue “working from home” and “potentially for a long time,” he added. In the… Source link

The charts say stocks could have much further to fall as investors price in the three-headed monster that is elevated inflation, rising interest rates from the Federal Reserve and a potential Ukraine-Russia war. “Every facet of my work continues to suggest that this is a chart book consistent with a 20% drawdown in the S&P [500]. While ephemeral relief rallies will occur as the conflict ebbs and flows, the seeds of the current decline were planted by policy and the pandemic long before troops… Source link

As China’s digital yuan takes the global stage at the winter Olympics, a top cryptocurrency executive believes the U.S. is actually ahead in the worldwide digital currency game. Recently, the Federal Reserve has unveiled its thinking about how a central bank digital coin might operate, without taking any firm stance on the topic. Only 2 countries, Nigeria and the Bahamas, have functional CBDCs, while a few other economies are moving toward pilots this year. However, Circle CEO Jeremy Allaire… Source link

Chipotle (CMG) on Tuesday posted fourth-quarter earnings report that mostly beat market expectations, with growth driven by a digital boom accounting for nearly 42% of sales, sending its stock on a tear in after-hours trading. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Shares of Chipotle, which were down nearly 3 percent compared to a year ago, spiked by over 7% in post-market trading after the… Source link

The launch last week of Google Workspace Essentials Starter Edition aims to offer business users a no-cost solution designed to enhance teamwork and innovation with secure-by-design collaboration. Google said Essentials Starter was designed to help employees and their teams break down silos and work together in new ways, even if their organization relies on legacy productivity tools that weren’t built for the hybrid era of work. In a recent survey the company… Source link

Tesla’s (TSLA) shares closed higher on Friday after an unusually volatile week in which the electric vehicle company posted fourth quarter earnings that, while better than estimates, gave at least a few Wall Street analysts grounds for skepticism over its ambitious 2022 goals. The automaker beat expectations during the final stretch of 2021, with double digit revenue and gross margin growth. Tesla sales will comfortably grow above 50% in 2022 compared with last year despite supply chain… Source link

His 2021 season was impacted by an injury, but one fantasy football analyst sees a massive ceiling for D’Andre Swift in 2022. Spurred by heavy passing game usage early and back-to-back career-best rushing games, Detroit Lions running back D’Andre Swift was RB5 in full PPR fantasy scoring from Week 1-11 this season. It was notable that those back-to-back 130-plus yard rushing contests came in head coach Dan Campbell’s first two games as the new offensive play caller. Then, Swift suffered… Source link

Bank of America says 5G ‘comes alive’ in 2022 — it sees big upside potential for 3 smaller-name stocks that could give you a piece in a pivotal year 2021 turned out to be a great year for many 5G stocks. But according to Bank of America, 2022 could be even better. “This is the year 5G comes alive,” says the bank’s Global Research team. Bank of America points out that wireless carriers like Verizon, AT&T and T-Mobile plan to spend tens of billions of dollars on 5G deployment in the… Source link

MILAN (Reuters) – Europe’s biggest utility Enel plans to list its grid services business in 2023, Chief Executive Francesco Starace said in an interview with Italian daily La Repubblica published on Thursday. Enel will find an industrial partner for the new company, dubbed Gridspertise, this year, Starace added. “Gridspertise, as the new company is called, will start in 2022 as a separate company to enhance and provide to all customers services around the world. It will have an industrial… Source link

Yandex (NASDAQ:YNDX) was the recipient of some unusual options trading on Wednesday. Investors acquired 1,814 put options on the stock. This represents an increase of approximately 1,437% compared to the average daily volume of 118 put options. Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Yandex from a “strong sell” rating to a “hold” rating and set a $84.00 target price on the stock in a report on Friday, October 1st. HSBC upgraded… Source link