2 Burst results for "Molson Coors Beverage Company"
Bloomberg Radio New York
"molson coors beverage company" Discussed on Bloomberg Radio New York
"Tucker, thank you so much. We appreciate it. I want to welcome you just met and he's an equities reporter for Bloomberg news. He's got some stuff she wants to chat about. Here's a company that we don't talk enough about, but I love the stock symbol. TAP tap for Molson Coors beverage company. Listen to the brands that these this company owns blue moon, Coors banquet, Coors light, Miller high life, Miller genuine draft and Miller lite. I mean, that is some serious brands in the beer space. They reported, I guess they didn't report, but Jeffries is out there kind of pumping up the stock here a little bit. What's the call from Jeffreys on most courts? Also, would you drink any of those beers given another choice? I mean, check a lot of cores when I was out in the Vale last week. I mean, I drank a lot of cores when I was in Vail, and I was 15. I don't know if I would do it again. I did drink a lot of cores in college. Miller high life. I love this. Great brand growing up. I can't believe it taste that delicious. Miller lite Miller lite is making a comeback. Just in terms of marketing and all that kind of stuff. But Jeffrey's kind of positive on time. Yeah, I mean, if you look at its stock today, ticker symbol TAP up more than four and a half percent on pace for its best day in almost a year, so February 25th of last year. And if you are looking at this, I mean, the company did report for the fiscal year in 2023, their outlook and underlying earnings per share for the current quarter did beat the average analyst estimate so if you are looking at Jefferies their positive on that stock and we did hear from a competitor last week. So if you look at ticker symbols SAM, the beer co they had actually better than expected results as well. So it's interesting seeing kind of what's happening in the beer space at the moment. I know obviously everybody was focused more so on the retailers this morning when you're talking about Walmart and Home Depot, but I thought it would be fun to kind of look and see what's happening onto these other companies right now as far as how they're reporting. A 100% and you also have a little look at General Mills, they also have a huge family of brands. I mean, too many dimension. But cinnamon toast crunch is one of them. Yeah. Golden grahams is another. Oh, I love it. Who doesn't like golden cramps? I guess Cheerios is probably the most famous brand they have, right? If I look, I'm looking quickly at the website, so Betty Crocker is very famous. Checks. But Cheerios has to be the most famous of all their brands. Yeah, and that's stock is rising today. So that's about 4% on pace for its best day since September and it did boost its earnings per share and also did see positive signs for its organic sales forecast, so that's something that's really helping the stock today. And also just boosting its annual EPS forecast as well. So that's been significant to see what that company is doing that space. If you're looking more broadly at the S&P 500 though, it's actually discretionary that is leading the declines in Walmart is actually a Staples company. But it's stock right now. A little bit higher, but obviously as far as that caution on the consumer earlier today, but that was something that isn't the first time we heard that from Walmart. We did get those warnings last summer as well. But it's interesting because typically we usually when they report will also have target and other companies reporting the same day are also same week rather but actually we're going to hear from target next week as well as lows. So it'll be a little bit before we hear more from those retailers, but throughout this week, it's still pretty busy. We still have Nvidia that will be reporting later this week. We also have coinbase is actually after the bell today. So that is another company that people are going to be focused on. We'll also hear from eBay later in the week as well. So still a number of companies. Stellantis. Yes. I'm excited to hear from Stellantis. Are you? Yeah. What are you looking to hear? I just want to see how they're doing because you know how focused I am on the Dodge challenger and the 6.4 liter Hemi engine. This is the last year of it. So like I spent the weekend calling around to dealers asking if anybody could give me a challenger scat pack widebody allocation and they were all saying they want $20,000 over MSRP. I saw one dealer had 16 allocations. They're charging 50 grand over MSRP and let's be honest. This is a car that's going to depreciate like crazy. As soon as you drive it off the lot, right? They were charging 50 grand over MSRP and they'd already sold ten of them this year. So that dealership, which is not used to this kind of thing, has made 500 grand over MSRP selling a car that's going to drop like 30% in value. The second you drive it off the lot. Crazy, crazy. Let me go to another story for you. Porsche stunts private debt market with record €2.7 billion bond sale. What's the bond market call there, the shield shine? Would mean a certificate of debt. So Portia, so the largest ever deal for the German debt. Yeah, because they don't really need it, right? They're such a cash positive company. Usually, we've always hailed Porsche as the most profitable carmaker in existence. I don't know if that's still true. Winkler editor in chief of Meredith Matt Winkler has a story out on Tesla saying they make $26 for every hundred in revenue. That's a huge, almost unbelievable margin, to be honest. But yeah, Portia, now that they're getting into building EVs, building an electric cars, they're gonna have to start facing lower margins, at least for a while. Yep, that's the story in the AutoPlay. Jess, anything else for you? Are we good? Those are the big things. And keeping an eye on coinbase after the coinbase after the close, absolutely we'll bring that to you, of course, Jess meant she covers equities for Bloomberg news joining us here in our Bloomberg interactive broker studio. Also joining us here in our Bloomberg interactive broker. Let me just let me just give you a definition short shade debt. This is according to Bloomberg news is a German promissory note syndicated like both loans and bonds that can have both fixed and floating rates. It's turning into a niche German instrument to an increasingly popular funding option for big European companies. I learned something new. And I say she will know because Amanda rabelo just walked in the studio. She is head of passive sales, U.S. onshore, but for DWS group, which is good stuff. The German, I guess, what is that asset arm of Deutsche Bank? And it was spun off. And spun off exactly independent now. So Amanda talked to us about how you're viewing the markets here. We've had a kind of, it feels like a little bit of a sea change over the past few weeks, maybe in response to some economic data that came in maybe a little bit hotter than expected and CPI PPI, retail sales, however you want to look, we had some PMI data today. It seems like the fed maybe has a little bit more support for higher for longer. Is that how you guys are reading it? Yeah, we think that it's not all doom and gloom, but we think it's still worthwhile thinking about potential volatility in the markets going forward. I think Biden and the trip that everyone's been speaking about has really thrown the cash among the pigeons. So volatility is going to be here for the rest of the year. There are some opportunities though and we think it makes sense to think about burdened hand theory locking in dividends having less focus on price appreciation of stocks. Really. So we've actually heard from somebody not you, but this was a several weeks ago and it just stuck with me because I catch phrases stick with me. The decade of the dividend. I mean, I don't know. Do I go out just buy some of these big three, four, 5% yielding stocks, and then maybe put the rest of it a two year treasury bill at 4.7%
WTMJ 620
"molson coors beverage company" Discussed on WTMJ 620
"300.1 million to go toward the two institutions, strategic priorities like cancer research and student scholarships. Molson Coors Beverage Company gives a $50,000 matching Grant. To the Sherman Phoenix and $50,000 donation to MK Fellows as part of the company's $1.5 Million initiative to support organizations promoting racial equity. Seven Milwaukee nonprofits received grant funding from a Minnesota charitable trust. Auto. Bremer Trust awarded $2.1 Million to 38 Wisconsin organizations. I'm Margaret Nah. Check with Milwaukee business journal dot com on news radio WTMJ. We go beyond the call of duty exempt? Provide the moral compass. You'd like to think every business has one. But you and I know that just isn't the case. So when it comes to your new group, siding, window and door installation or masonry work, you're cautious, and that's why we make the bold claim of having them all complex molded by our military service that compels us to operate with honor, integrity and commitment to do everything we can to do your job right with high character, cruise and quality materials, and these things do cost a bit more. But I'll tell you what paying for quality only hurts once it hurts a lot less than paying for poor work. This is Brad Young, semper fi roofing and exteriors your local veteran owned and operated exterior role model of country. That's our talkers or doers for your new roof, Siding window, endure installation or masonry work. We will go beyond the call of.