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Kraft Heinz (NASDAQ:KHC) reported third-quarter results on Oct. 31 that were mediocre. However, it did manage to report earnings per share of 69 cents, 15 cents higher than analysts' average estimate. Kraft Heinz stock jumped more than 13% on the positive surprise.Source: Casimiro PT / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs a result of the better-than-expected earnings, my fellow InvestorPlace columnist, Dana Blankenhorn, recommended that anyone who bought KHC stock before August or in September or later ought to give the relatively new CEO time to revitalize its portfolio. Those are wise words because KHC stock still has an attractive 4.9% dividend yield that investors can enjoy until the company gets its act together. In February, I came up with seven reasons why Kraft Heinz stock is a contrarian buy. At the time it was trading around the same price where it is now. * 7...
(Bloomberg) -- MGM Resorts International and MGM Growth Properties LLC are seeking an investor for a joint venture that would own at least two prominent Las Vegas properties, according to people with knowledge of the matter.The duo have solicited interest in the MGM Grand Hotel & Casino and the Mandalay Bay Resort & Casino from investors that have historically bet on gaming properties, said the people, who requested anonymity because the talks are private. A representative for MGM Resorts declined to comment and representatives for MGM Growth Properties didn’t immediately respond to requests for comment.MGM Resorts created the real estate investment trust MGM Growth in 2016 and sold a minority interest to the public. The REIT owns most of MGM Resorts’ casinos and leases them back to the company to operate.MGM to Pay Up to $800 Million to Vegas Mass-Shooting VictimsThe Mandalay Bay is one of 13 properties owned by MGM...
China’s e-commerce giant Alibaba recorded $38.4 billion in sales in
the past 24 hours on Singles' Day. Yahoo Finance's Dan Roberts, Julia La Roche, Brian Cheung and Krystal Hu speak with Alibaba Group CMO Chris Tung about the company's all-time high sales numbers....
Today we'll take a closer look at Haverty Furniture Companies, Inc. (NYSE:HVT) from a dividend investor's perspective......
(Bloomberg Opinion) -- Boeing Co.’s 737 Max may be inching toward a return, but the crisis is far from over.The airplane maker said Monday that it continues to aim for Federal Aviation Administration certification of updates to the troubled Max in the current quarter, which could allow it to start delivering the jets in December. It could take several more weeks to finalize pilot-training requirements, which would mean airlines wouldn’t technically be allowed to fly the planes until January at the earliest. And then airlines would need more time on top of that to bring planes out of storage and implement said training. Southwest Airlines Co. and American Airlines Group Inc. said last week that they weren’t planning to fly the Max as part of their fleets until early March, nearly a full year after the second of two fatal crashes prompted a worldwide grounding of the plane.This is a shift from Boeing’s...
(Bloomberg Opinion) -- It’s been three years now since Donald Trump was elected president, which means it’s been three years of listening to Donald Trump bragging about how great the stock market is doing. Contrary to one now-infamous pre-election prediction, it has done quite well.The Dow Jones Industrial Average, Standard & Poor’s 500 Index and other market indices are of course imperfect economic indicators. They reflect investors’ beliefs about how well publicly traded corporations are doing and will do in the future, not necessarily the reality of how publicly traded corporations are doing — or of how well the rest of us are doing. The indices most cited in the media also mainly reflect the fortunes of the largest corporations; even as the Dow and S&P 500 have been setting new records lately, the small-cap Russell 2000 is down 9% from its peak in August 2018.Still, the advantage of the S&P 500 as a performance indicator...
Alibaba raked in roughly $38.4 billion during its annual 'Singles Day' shopping event. Yahoo Finance’s Akiko Fujita and Jared Blikre discuss on The Ticker....
