Utilities Up on Defensive Demand — Utilities Roundup
Shares of power producers rose sharply as traders rotated into defensive, dividend-oriented sectors in light of rising Treasury yields and doubts about President-elect Donald Trump's cabinet picks.
Communications Services Cos Down on Flight From Risk — Communications Services Roundup
Communications services companies slid as traders retreated from risk, spooked by steadily rising Treasury yields. Florida billionaire David Hoffman is seeking to build a newspaper giant on a similar ...
Consumer Cos Down as RFK Pick Weighs on Snack Makers — Consumer Roundup
Consumer companies fell amid concerns about President-elect Donald Trump's planned appointments.
Tech Down as Trump Euphoria Wanes — Tech Roundup
Shares of technology companies fell as optimism in the wake of Donald Trump's victory waned.
Financials Up on Interest-Rate Views — Financials Roundup
Shares of banks and other financial institutions rose as traders rotated into sectors that stood to gain from an inflationary environment and elevated interest rates. The yield on the policy-sensitive ...
WK Kellogg Continues to Milk Cost Savings, Buoying Margins Even as Sales Languish
We believe WK Kellogg is in a fair financial position. As of December 2023, it carried a gross debt/adjusted EBITDA ratio of 3.4 times, which should decline to around 2 times and remain near that ...
Ingredion Poised to Benefit From Specialty Texture Ingredient Demand
Changing consumer preferences present both risk and opportunity. If Ingredion's portfolio does not adapt to consumer demands, such as the avoidance of high-fructose corn syrup, sales could decline.