Yesterday, 9:03 AM
- Rather than chase surging stocks at fancy valuations, the team at Barron's looked for laggards when making its picks, writes Andrew Bary.
- The names, nevertheless, aren't exactly unfamiliar ones: Alphabet (GOOG, GOOGL), Apple (NASDAQ:AAPL), Citigroup (NYSE:C), Delta Air Lines (NYSE:DAL), Deutsche Telekom (OTCQX:DTEGY), Merck (NYSE:MRK), Novartis (NYSE:NVS), Toll Brothers (NYSE:TOL), Unilever (NYSE:UL), Disney (NYSE:DIS).
- Eight of these ten are trailing the S&P 500 this year, including the three European stocks (Deutsche Telekom, Novartis, and Unilever), and all of the names except Google sell for less than 20x 2017 estimates.
- At just 10x earnings, Toll Brothers, Citi, and Delta are better ways to play an improving economy than Caterpillar at nearly 30x.
- As for the "pricey" Google, it's an example of the Buffett maxim that he'd rather buy a wonderful business at a fair price rather than a fair business at a wonderful price.
- Barron's top picks for 2016 as a group are trailing the S&P 500 by more than 600 basis points.
Wed, Nov. 30, 7:06 AM
- Unilever (UN, UL) says its sees core operating margin widening 40 to 80 bps through 2019.
- The company also tips off a plan to spend €1B to €3B on M&A.
- The spreads business is under review due to "challenging" conditions in the market.
- Unilever's financial strategy includes sustaining ROIC in the high teens and maintaining a healthy dividend.
- Unilever Investor Seminar update
Wed, Nov. 30, 2:45 AM
- Global consumer companies, including Unilever (NYSE:UL), Nestle (OTCPK:NSRGY), Kellogg (NYSE:K) and Procter & Gamble (NYSE:PG), have sourced palm oil from Indonesian plantations where "child labor" and "hazardous conditions" were uncovered, according to NGO Amnesty International.
- "Practices such as those have no place in our supply chain," Nestle and P&G responded, adding that they would "remedy any potential human rights infringements."
Mon, Nov. 28, 7:04 AM
- Unilever (UN, UL) says a higher court in Brazil issued an adverse judgement in an indirect tax case in Brazil which originally went in its favor. A judicial deposit of €590M was made in connection to the case.
- The company plans to appeal the ruling to the Brazilian Supreme Court..
- UL -1.08% premarket to $39.43.
Fri, Nov. 18, 12:34 PM
- In no surprise given the market's one-way street upwards for some time, the list of 52-week highs in large- and mid-cap stocks is too long to list. Suffice it to say, if you own a financial name and it's not at a 52-week high, call management.
- Of far more interest given the major bull run, which names are making 52-week lows?
- Anheuser-Busch (BUD -1.6%)
- Fomento Economico Mexicano (FMX -2.8%)
- National Grid (NGG -0.8%)
- Novo Nordisk (NVO -1%)
- Grupo Televisa (TV -3.3%)
- Unilever (UL -1%)
- CubeSmart (CUBE -1.4%)
- Extra Space Storage (EXR -0.4%)
Wed, Nov. 9, 5:56 AM
- Three Bay Area cities have voted to levy a tax on sodas and other sugary drinks in an effort to curb obesity and diabetes.
- The measure passed by wide margins in San Francisco, Oakland and Albany (a separate vote in Boulder, Colorado is on track to pass as well).
- In 2014, Berkeley became the first city in the country to levy a soda tax and Philadelphia became the second in June.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
Thu, Oct. 13, 2:10 PM
- Unilever (UN, UL) and Tesco (OTCPK:TSCDF) confirm in separate statements that a dispute between the two companies has been settled.
- Earlier in the day, Tesco pulled Unilever products from its website due to a pricing increase.
- Previously: Unilever and Tesco in scrap over higher prices in U.K. (Oct. 13)
Thu, Oct. 13, 7:24 AM
- Unilever (UN, UL) says it was forced to push through prices increases in the U.K. due to the devaluation of the pound after the Brexit vote.
- "The price increases have landed with most of our customers," notes CFO Graeme Pitkethly.
- Unilever is in a bit of a scrap with Tesco (OTCPK:TSCDF, OTCPK:TSCDY) over the higher pricing, halting supplies to the grocery chain until the raised prices are posted.
- Unilever ADRs are down 2.30% premarket.
Thu, Oct. 13, 6:32 AM
Thu, Oct. 13, 6:19 AM
Thu, Oct. 13, 3:28 AM
- Tesco (OTCPK:TSCDY) is pulling dozens of Unilever (NYSE:UL) branded products off of its website following a dispute over costs.
- Unilever has reportedly been attempting to raise the price of a range of goods it charges Britain's big four grocers by around 10%, saying it needs to offset higher prices of imported commodities.
- Are the economic ramifications of Brexit moving from Parliament to the kitchen table?
Thu, Oct. 13, 3:13 AM
- Unilever (NYSE:UL) reported third-quarter sales growth that beat estimates thanks to increased demand for its Magnum and Ben & Jerry's ice creams in the U.S. and Europe during the summer months.
- The company also said it was on track for another year of volume growth ahead of markets, steady improvement in core operating margin and strong cash flow.
Mon, Sep. 19, 6:58 PM
- Unilever (NYSE:UL) gained 1% in today's trade after it agreed to acquire sustainable cleaning products maker Seventh Generation for an undisclosed sum; WSJ reports that the sale amount was ~$700M.
- UL says Seventh Generation sales exceeded $200M in 2015 with double-digit compounded annual growth in the last 10 years.
- The deal is part of a push by UL to claim more of the natural section of supermarket aisles as gain more business from millennials who seek brands that are considered environmentally friendly.
Mon, Sep. 19, 1:35 PM
- Unilever (UN, UL) announces it acquired Seventh Generation for an undisclosed amount.
- Seventh Generation is a seller of natural and eco-friendly products, including green baby items (diapers, wipres, skin care, laundry).
- "Adding Seventh Generation to Unilever’s portfolio of purpose-driven brands like Ben & Jerry’s and Dove demonstrates our continued commitment to the Unilever Sustainable Living Plan," says the company.
- Unilever press release
Thu, Sep. 15, 7:25 PM
- Unilever (UL +1.2%) is reportedly in talks to acquire Jessica Alba's Honest Co. -- though it's looking to use a coupon.
- The consumer-products giant wants to pay less than the $1.7B that Honest Co. had in a fund-raising round last year, according to The Wall Street Journal, though the deal should still cross the $1B mark.
- Honest could still pursue an initial public offering, and talks with Unilever are at an early stage, a source tells WSJ.
- The firm, in which actress Alba is a co-founder and chief creative officer, had revenue of $170M in 2014, and has raised more than $200M from outsiders since its 2011 founding.
- After hours: UL -0.8%.
Thu, Sep. 15, 5:01 AM
- The American Beverage Association is suing to block Philadelphia's soft drinks tax, marking the latest clash between the soda industry and public officials seeking to boost revenue and combat health risks.
- In June, Philly became the largest U.S. city to approve a volume-based tax of 1.5%-per-ounce on sugar sweetened beverages.
- Voters in San Francisco and at least three other places will vote in November on whether to impose similar levies.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG