The price of wine is going up.
Global wine production slumped to its lowest level in 60 years in 2017, according to data from the International Organisation of Vine and Wine.
The most recent harvest produced 25 billion liters of wine, a decrease from 26.7 billion in 2016 and 27.6 billion in 2015. The decline was driven by weak harvests in key markets including Europe and South Africa.
The shortage has caused the wholesale price of basic wine in Italy to skyrocket 74% over the previous year, according to the European Commission. Prices are up 45% in Spain and over 10% in France.
Analysts said that producers, dealers and retailers will absorb some of the price hikes, but consumers will end up paying more — especially for cheaper bottles.
“The wine companies that are targeting very low prices … will be hit the worst, because their margins are very low,” said Stephen Rannekleiv, a global beverages strategist at Rabobank. “When prices go up, it puts a lot of strain on them.”
Best Low Price Stocks To Invest In Right Now: Trinity Industries Inc.(TRN)
- [By ]
5. Trinity Industries (NYSE: TRN)
This industrial company is trading lower by over 15% in 2018. A substantial shareholder named Valueact Holdings has purchased over one million shares in the $32.00 range.
Best Low Price Stocks To Invest In Right Now: Primero Mining Corp(PPP)
- [By Logan Wallace]
PayPie (CURRENCY:PPP) traded 0.5% lower against the U.S. dollar during the 24 hour period ending at 17:00 PM ET on May 18th. One PayPie token can now be bought for $0.71 or 0.00008653 BTC on cryptocurrency exchanges including EtherDelta (ForkDelta) and Fatbtc. During the last week, PayPie has traded 8.5% lower against the U.S. dollar. PayPie has a market capitalization of $58.95 million and approximately $821,053.00 worth of PayPie was traded on exchanges in the last 24 hours.
Best Low Price Stocks To Invest In Right Now: TheStreet, Inc.(TST)
- [By Shane Hupp]
WARNING: “TheStreet, Inc. (TST) Given $2.83 Consensus Target Price by Analysts” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at www.tickerreport.com/banking-finance/3375008/thestreet-inc-tst-given-2-83-consensus-target-price-by-analysts.html.
- [By ]
TheStreet (TST) caught up with PayPal (PYPL) CEO Dan Schulman on the latest Jolt podcast to chat about a range of topics. Of course a talk about the future of physical cash came up.
- [By ]
Here’s what PayPal CEO Dan Schulman told TheStreet (TST) on the latest Jolt podcast about the Amazon threat.
TheStreet: Do your worry about Amazon? To be fair, it won’t be easy for them to replicate a business like PayPal overnight — if at all.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on TheStreet (TST)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Low Price Stocks To Invest In Right Now: EP Energy Corporation(EPE)
- [By Lisa Levin]
On Monday, the energy shares rose 2.09 percent. Meanwhile, top gainers in the sector included Energy XXI Gulf Coast, Inc. (NASDAQ: EGC), up 12 percent, and EP Energy Corporation (NYSE: EPE) up 13 percent.
- [By Lisa Levin]
Wednesday morning, the energy shares rose 2.24 percent. Meanwhile, top gainers in the sector included EP Energy Corporation (NYSE: EPE), up 15 percent, and Penn Virginia Corporation (NASDAQ: PVAC) up 18 percent.
- [By Lisa Levin] Gainers
Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares jumped 31.6 percent to $12.18 following TripAdvisor Q1 earnings beat.
ZAGG Inc (NASDAQ: ZAGG) rose 26.5 percent to $14.55 after the company posted better-than-expected Q1 earnings.
OPKO Health, Inc. (NASDAQ: OPK) shares gained 25 percent to $4.0234 following Q1 beat.
Axon Enterprise, Inc. (NASDAQ: AAXN) jumped 23.5 percent to $55.12 following a big Q1 beat. The company raised its fiscal 2018 sales growth guidance from 16-18 percent to 18-20 percent.
Penn Virginia Corporation (NASDAQ: PVAC) gained 23.3 percent to $59.00 after reporting Q1 results.
TripAdvisor, Inc. (NASDAQ: TRIP) rose 22.5 percent to $47.51 after the company reported stronger-than-expected results for its first quarter on Tuesday.
Sears Holdings Corporation (NASDAQ: SHLD) shares surged 21.7 percent to $3.36. Amazon.com's partnership with Sears started in 2017 with an agreement to sell Kenmore-branded appliances online. On Wednesday, the companies announced an extension of their relationship to now include tire delivery and installations.
EP Energy Corporation (NYSE: EPE) jumped 21.3 percent to $2.68 following Q1 results.
LendingClub Corporation (NYSE: LC) surged 20.4 percent to $3.395 following better-than-expected Q1 earnings.
Superior Industries International, Inc. (NYSE: SUP) gained 19 percent to $15.82 after reporting Q1 results.
Bellicum Pharmaceuticals, Inc. (NASDAQ: BLCM) shares rose 18.5 percent to $8.13 following Q1 results.
Twilio Inc. (NYSE: TWLO) rose 18.3 percent to $52.47 after the company posted strong quarterly results.
Cerus Corporation (NASDAQ: CERS) shares jumped 18.3 percent to $6.47 following quarterly results.
IEC Electronics Corp. (NYSE: IEC) shares climbed 17 percent to $4.68 after reporting better-than-expected quarterly earnings.
New Relic, Inc. (NYSE: NEWR) rose 16.8 percent to $90.10 following Q4 results.
Gulfport Energy Corporation (NASDAQ: GPOR)
- [By Lisa Levin]
Monday afternoon, the energy shares rose 2.14 percent. Meanwhile, top gainers in the sector included Energy XXI Gulf Coast, Inc. (NASDAQ: EGC), up 12 percent, and EP Energy Corporation (NYSE: EPE) up 13 percent.
- [By Matthew DiLallo]
That bullish inventory number, along with the potential for even higher oil prices, sent oil stocks soaring, with several smaller producers spiking more than 10% today. Among that group was EP Energy (NYSE:EPE), Sanchez Energy (NYSE:SN), Denbury Resources (NYSE:DNR), HighPoint Resources (NYSE:HPR), and Carrizo Oil & Gas (NASDAQ:CRZO).
- [By Lisa Levin]
Thursday morning, the energy shares rose 0.76 percent. Meanwhile, top gainers in the sector included Seadrill Limited (NYSE: SDRL), up 59 percent, and EP Energy Corporation (NYSE: EPE) up 7 percent.
Best Low Price Stocks To Invest In Right Now: Avago Technologies Limited(AVGO)
- [By Chris Lange]
Broadcom Ltd. (NASDAQ: AVGO) is scheduled to release its fiscal first-quarter financial results after the markets close on Thursday. The consensus estimates from Thomson Reuters are calling for $5.04 in earnings per share (EPS) on $5.32 billion in revenue. The same period of last year had EPS of $3.63 and $4.15 billion in revenue.
- [By VantagePoint]
Among them, Broadcom Inc (NASDAQ: AVGO), which was up as much as $4 in Monday's premarket session. Though it's given back a lot of those gains since the open, the stock looks like it's primed for upside in the coming days.
- [By Ashraf Eassa]
Chip giantBroadcom(NASDAQ:AVGO) recently tried to buy fellow chipmakerQualcomm(NASDAQ:QCOM) — a move that probably would’ve succeeded had President Trump not issued an executive order blocking the deal on national security grounds.