Wall Street deciphers U.S. consumer health and names stocks it likes

The US Federal Reserve has hiked interest rates by 225 basis points so far this year, with more potentially on the cards. One indicator that’s likely to feature prominently in the Fed’s thinking as it weighs the scale of further hikes is the strength of the consumer. It plays a pivotal role in the Fed’s … Read more

Uber, Pinterest, Caterpillar and more

An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019. Source: NYSE Check out the companies making headlines in midday trading Tuesday. Uber Technologies — Uber shares popped 17.6% after the ride-hailing giant reported a quarterly revenue that beat analyst expectations. The company’s revenue came in at … Read more

Molson Coors stock falls, company cites split in beer spending

A bottle of Molson Coors Brewing Co. Blue Moon brand beer Tiffany Hagler-Geard | Bloomberg | Getty Images Molson Coors Beverage is seeing a split emerge among its customers as inflation hits their wallets: Some beer drinkers are trading down, while others are still shelling out for pricier six-packs. Shares of the beverage company fell … Read more

Amazon, FedEx, Snowflake, Tesla, Micron

Here are Tuesday’s biggest calls on Wall Street: Goldman Sachs downgrades Boston Beer to sell from neutral Goldman said in its downgrade of the beer and beverage company that the outlook for hard seltzer is “deteriorating.” The firm also upgraded Molson Coors to neutral from sell and said it sees a better risk / reward. … Read more

Apple, Palantir, Exxon, Schwab, Micron

Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley downgrades Adobe to equal weight from overweight Morgan Stanley said it sees slowing earnings per share growth for Adobe. “Beyond Seasonality – Expecting Structurally Slower EPS Growth Ahead; Downgrade to Equal-weight.” UBS downgrades Boston Beer, Keurig Dr. Pepper and Molson Coors to neutral from buy … Read more

Coca-Cola and Brown-Forman team up for new drink

Brown-Forman and The Coca-Cola Company announce plans to debut Jack Daniel’s® Tennessee Whiskey and Coca-Cola® ™ Ready-to-Drink Cocktail Courtesy: Coca-Cola Company Coca-Cola is teaming up with Jack Daniel’s distiller Brown-Forman to make a Jack-and-Coke cocktail in a can. It marks the fourth new alcoholic drink in Coke’s portfolio in less than two years, but the … Read more

These are Goldman's least favorite stocks, including one it sees dropping nearly 50%

Goldman’s least favorite stock on the list in clean energy stock JinkoSolar, which is seeing falling 47% in the next 12 months.

Jones Soda unveils cannabis-infused sodas under new brand

Jones Soda’s cannabis offshoot, Mary Jones Source: Jones Soda Meet Mary Jones, the new brand from Jones Soda that will feature cannabis-infused sodas, gummies and syrups. It’s a bold step for the publicly traded company, which is best known for its craft soda, but its relatively small size means it may feel it can take … Read more

Grocery prices keep rising but CEOs say shoppers are still buying

A customer shops at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared to 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images Food and drink prices are rising, but CEOs from PepsiCo’s Ramon Laguarta … Read more

Molson Coors (TAP) Q4 2021 earnings miss estimates, sales beat

Bottles of Coors beer are displayed on a shelf at a liquor store in Fairfax, California. Justin Sullivan | Getty Images Molson Coors Beverage’s Miller Lite and Coors Light saw sales grow in 2021 as the company’s turnaround plan begins bearing fruit. Shrinking beer consumption in the US has put pressure on brewers, like Molson … Read more