Increased prices of its snacks and beverages helped PepsiCo beat consensus estimates on earnings per share and revenue in its recent second quarter earnings announcement. The company’s core earnings came in at $1.50 per share on revenues of $15.71 billion, outperforming analysts’ expectations by 10 cents and $100 million, respectively. While volumes were flat, net pricing trended upwards by around 1%. Profits in the quarter were also helped by the sale of its minority stake in Britvic, the gains from which the company intends to reinvest in its business through the rest of the year. By focusing on selling premium products, and by transforming its portfolio to reflect the increasing demand for healthier food and beverage options, the company can continue to deliver strong results in the future. For the full year, PepsiCo raised its earnings guidance to $5.13 per share, from $5.09 earlier, citing a lower foreign currency translation impact.
Top 5 Performing Stocks To Buy For 2018: VIVUS, Inc.(VVUS)
- [By Keith Speights]
Arena is out of the obesity drug business, but what about Orexigen Therapeutics (NASDAQ:OREX) or VIVUS (NASDAQ:VVUS)? The problem is that they’re both too dependent on their respective obesity drugs, Contrave and Qsymia. Neither of the drugs have performed up to expectations.
- [By Peter Graham]
A long term chart shows Arena Pharmaceuticals along with its small capobesitytreatmentpeers EnteroMedics Inc (NASDAQ: ETRM), Orexigen Therapeutics, Inc (NASDAQ: OREX) and VIVUS, Inc (NASDAQ: VVUS) all causing severe weight loss for investor portfolios:
Top 5 Performing Stocks To Buy For 2018: Denbury Resources Inc.(DNR)
- [By Lisa Levin]
On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Denbury Resources Inc. (NYSE: DNR) and California Resources Corp (NYSE: CRC).
- [By Dan Caplinger]
Yet even though the overall market held up relatively well, some stocks took substantial hits. Domino’s Pizza (NYSE:DPZ), Denbury Resources (NYSE:DNR), and Pandora Media (NYSE:P) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
- [By Paul Ausick]
Denbury Resources Inc. (NYSE: DNR) dropped about 10.7% Monday to register a new 52-week low of $0.91 after closing at $1.03 on Friday. The 52-week high is $4.29. Volume was around 7.3million, about 1 million more than the daily average. The company also announced operational issues related to tropical storm Harvey.
- [By John Stevens]
Denbury Resources (DNR) stock started sinking on Wednesday. They continued to go down on Thursday and Friday as well. Overall, they went down by over 15% since they opened on Wednesday, alongside oil prices as traders booked profits after three sessions of gains.
Denbury Resources Inc. is an independent oil and natural gas company. The Company’s operations are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. It has estimated proved oil and natural gas reserves of over 288.6 million barrels of oil equivalent (MMBOE). Its primary Gulf Coast carbon dioxide source is Jackson Dome, which is located near Jackson, Mississippi..
Shares of Denbury Resources slumped by 6.31% to $4.24 during trading on Thursday the 9th as oil prices declined. On Friday, the again went down by another 8.83% to close at $3.31.
Top 5 Performing Stocks To Buy For 2018: Tenneco Inc.(TEN)
- [By Ben Levisohn]
Shares of auto-part makers like Delphi Automotive (DLPH), BorgWarner (BWA), and Tenneco (TEN) are getting killed today, ostensibly due to an article in Automotive News. Wells Fargo’s Richard Kwas and team think Tesla Motors (TSLA) and its Model 3 deserve at least some of the blame:
Top 5 Performing Stocks To Buy For 2018: Telecom Italia S.P.A.(TI)
- [By Lisa Levin]
In trading on Friday, telecommunications services shares fell by 0.29 percent. Meanwhile, top losers in the sector included Telecom Italia SpA (ADR) (NYSE: TI), down 4 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI), down 3 percent.
Top 5 Performing Stocks To Buy For 2018: Lifeway Foods, Inc.(LWAY)
- [By Jim Robertson]
Last Friday, our Under the Radar Moversnewsletter suggested shorting small capdairy health food product stock Lifeway Foods, Inc (NASDAQ: LWAY):
- [By Peter Graham]
A long term performance chart for Dean Foods Co shows a positive but not spectacular long term return as small cap Lifeway Foods, Inc (NASDAQ: LWAY) has been more volatile and non-dairy desert stock Tofutti Brands Inc (NYSEMKT: TOF) has given a moderately positive performance: