Mon, May 23, 6:35 AM
- It the latest setback for Big Tobacco, French insurer AXA (OTCQX:AXAHY) plans to stop investing in the industry, citing the impact of smoking on public health, and said it plans to sell its €1.8B of assets in the sector.
- "With this divestment from tobacco, we are doing our share to support the efforts of governments around the world," incoming AXA Chief Executive Thomas Buberl said in a statement.
- Tobacco stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBY, BTI, OTCPK:BTAFF, OTC:BATMF, OTCPK:JAPAF, OTCPK:JAPAY.
Sat, May 21, 12:49 PM
- Laslzo Birinyi still sees underlying strength in the stock market, despite the myriad of economic, technical, and political fears holding back investor enthusiasm.
- In particular, the well-known investor has his eyes on AutoZone (NYSE:AZO) and builder NVR (NYSE:NVR) as "special situations" stocks.
- Kraft Heinz (NASDAQ:KHC) also makes the list due to its lack of volatility amid a volatile market which could indicate upside down the road. On that point, a quick screen of other consumer goods stocks like Kraft that have weathered the uneven read on U.S. consumer spending and global demand over the last month may tip off some other value picks.
- Here's ten consumer good stocks with a low recent volatility measurement, below average forward P/E ratio, and +2% dividend yield: DEO, UN, UL, CAJ, RMCF, KO, PEP, BUD, PM, PG, TM.
- Related ETFs: IYK, UGE, SZK.
Thu, May 19, 10:17 AM
- Big tobacco lost an important case in the U.K. when a court backed a plain-packaging law.
- The ruling in the case against the industry means that all cigarette packs produced in the U.K. must be made without logos and brand colors. Australia and Ireland already have similar rules.
- Analysts disagree on what the impact on sales will be.
- Related stocks: Phillip Morris International (PM -1.3%), Altria (MO -0.1%), Reynolds American (RAI -0.5%), British American Tobacco (BTI -1.4%), Japan Tobacco (OTCPK:JAPAF, OTCPK:JAPAY).
Thu, May 5, 11:55 AM
- The FDA announces that it will regulate all tobacco products, including electronic cigarettes and hookah tobacco.
- One of the new rules that will go into effect in 90 days is that retailers will not be allowed to sell e-cigs or hookah products to people under the age of 18.
- FDA press release
- Related stocks: MO, BTI, LO, PM, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, RAI, OTC:AHII, OTCPK:VTCQ, VPCO.
Thu, May 5, 2:59 AM
- California Governor Jerry Brown has signed a pack of bills that will raise the smoking age from 18 to 21, restrict the use of electronic cigarettes in public places and expand no-smoking areas at public schools.
- The new laws, which take effect June 9, are a big boost to a movement that is turning into the next major challenge for the $100B tobacco industry.
- Lawmakers in 10 other U.S. states are currently considering similar legislation.
- Related stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBF, OTCPK:JAPAY, BTI, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, OTC:AHII
Wed, May 4, 6:34 AM
- Europe's highest court has upheld a tough EU law mandating bigger warning labels and standardizing cigarette packaging, paving the way for its adoption later this month.
- The 2014 tobacco directive also bans menthol cigarettes, and for the first time, sets limits on electronic cigarettes, including how much nicotine they can contain.
- The court rejected a legal challenge brought by Philip Morris (NYSE:PM) and British American Tobacco (NYSEMKT:BTI), with Japan Tobacco (OTCPK:JAPAF) and Imperial Brands (OTCQX:ITYBF) acting as interested parties.
Tue, Apr. 19, 6:08 AM
- Philip Morris (NYSE:PM) reports revenue rose 2.4% if the impact of the currency swings is backed out in Q1.
- European Union revenue down 4.5% to $1.86B.
- Eastern Europe, Middle East & Africa revenue decreased 10.2% to $1.6B.
- Asia revenue squeezed 8.7% to $1.97B.
- Latin America & Canada revenue dropped 10.5% to $650M.
- Cigarette volume excluding acquisitions fell 1.4% to 196.04B units.
- Gross margin rate declined 160 bps to 23.7%.
- Adjusted operating margin 280 bps to 41.9%.
- FY2016 Guidance: Adjusted EPS: $4.40 to $4.50 (~+10% to +12%).
Tue, Apr. 19, 5:49 AM
Mon, Apr. 18, 5:30 PM
Thu, Apr. 14, 1:36 PM
- Morgan Stanley identifies 30 stocks for investors to snap up and hold until 2019.
- The investment firm narrowed its list by focusing on strong brands/franchises with distinct competitive advantages, while also scoring strong on pricing power, cost efficiency, and growth.
- The MS list includes Accenture (NYSE:ACN), Alphabet, Amazon.com, Apple, Blackstone Group (NYSE:BX),Comcast (NASDAQ:CMCSA), Constellation Brands (NYSE:STZ), CVS Health (NYSE:CVS), Danaher (NYSE:DHR), Dollar General (NYSE:DG), Estee Lauder (NYSE:EL), Facebook, First Republic Bank (NYSE:FRC), HCA Holdings (NYSE:HCA), International Business Machines (NYSE:IBM), JPMorgan Chase, L Brands (NYSE:LB), Mettler-Toledo (NYSE:MTD), NextEra Energy (NYSE:NEE), Nike (NYSE:NKE), Panera Bread (NASDAQ:PNRA), Philip Morris International (NYSE:PM), Public Storage (NYSE:PSA), Ross Stores (NASDAQ:ROST), SBA Communications(NASDAQ:SBAC), ServiceMaster (NYSE:SERV), T-Mobile (NASDAQ:TMUS), Visa (NYSE:V), WhiteWave Foods (NYSE:WWAV), and Zayo Group Holdings (NYSE:ZAYO).
Thu, Mar. 24, 7:51 AM
- Analyst Lisa Lewandowski sees the potential for FX pressures to be less severe, and says volume declines are easing thanks to market share gains, a moderation in illicit trade, and lack of major tax increases in large markets this year.
- She upgrades PM to Buy from Neutral.
- See also: Tobacco pair trade from Merrill (March 24)
Tue, Mar. 15, 2:17 PM
- The introduction of new tobacco products isn't taking away from sales of traditional cigarettes as some expected, but appears to be having an "add-on effect" with consumers, according to Bloomberg Intelligence.
- The trend gives tobacco companies more leverage to innovate with cannibalization fears pulled back.
- Though overall smoking rates are in decline, there's some evidence that cheaper gas prices in the U.S. have bolstered demand with regular smokers.
- Big Tobacco vs. the broad market over the last year: Altria (NYSE:MO) +20%, Philip Morris International (NYSE:PM) +24%, Reynolds American (NYSE:RAI) +46%, S&P 500 Index -1.9%.
Fri, Mar. 11, 2:22 AM
- California lawmakers have voted to make the nation's most populous state the second to raise the smoking age from 18 to 21 as part of a sweeping package of measures cracking down on tobacco products and electronic cigarettes.
- "With California having such a huge population, it's going to be very impactful nationwide," said Cathy Callaway, associate director of state and local campaigns for the American Cancer Society.
- Hawaii became the first state to lift the smoking age limit to 21 in January.
- Related stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBY, OTCPK:JAPAY, BTI, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, OTC:AHII
Thu, Mar. 10, 9:54 AM
- RBC Capital lifts its price targets on two consumer staples heavyweights.
- Coca-Cola (KO +0.6%) is assigned a fresh of $51. KO is +4.5% YTD to $44.90. Shares yield 3.11%.
- Reynolds American (RAI +1.4%) earns a PT of $57. RAI is +12.8% YTD to $52.14. Shares yield 3.22%.
- There's been some debate that the run of consumer staples stocks is poised to end, but SA contributor Daryl Montgomery argues the sector is still a safe play on a technical view.
- Earlier this week, Evercore ISI's Rick Ross also came in positive on the sector (CNBC video).
- "You probably can't do much better than owning the staples on this breakout from a multiyear trading range ... against the backdrop of a world where yields are extremely low,"said Ross
- Related stocks: PM, PG, PEP, CL, ADM, KMB, STZ, DPS, SJM, HRL, CHD, TSN, HSY, CPB, [[BF.]], BF.B.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
Tue, Mar. 8, 9:10 AM
Sat, Feb. 27, 10:36 AM
- Investors continue to take refuge in consumer staples stocks in a strategy that tips off defensive positioning and accounts for some positive macroeconomic factors that are underpinning volume growth in the sector.
- Consumer staples stocks trading right at their 52-week high include Campbell Soup (NYSE:CPB), Kimberly-Clark (NYSE:KMB), General Mills (NYSE:GIS), Reynolds American (NYSE:RAI), Altria (NYSE:MO), Philip Morris (NYSE:PM), Church & Dwight (NYSE:CHD), Coca-Cola (NYSE:KO), Tyson Foods (NYSE:TSN), Sanderson Farms (NASDAQ:SAFM), B&G Foods (NYSE:BGS), and Cott Corporation (NYSE:COT).
- Even Procter & Gamble (NYSE:PG) and Wal-Mart (NYSE:WMT), which acted as drags on consumer staples ETFs last year with their heavy weightings, are outperforming the S&P 500 Index this year.
- Some analysts think political year uncertainty and global ZIRP and NIRP question marks could keep demand for staples strong.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC
- Analysis: Consumer Staples ETFs Are Looking More Attractive Than Ever (Feb. 16)
- Prediction time: Which consumer staples stock has the most upside in 2016?
Philip Morris International, Inc. is a holding company, which is engaged in the manufacturing and sale of cigarettes and other tobacco products in markets outside the U.S. Its local cigarette brands include Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the... More
Sector: Consumer Goods
Country: United States
Other News & PR