Source: ThinkstockApril 24, 2018: The S&P 500 closed down 1.3% at 2,634.56. The DJIA closed down 1.7% at 24,024.13. Separately, the Nasdaq was down 1.7% at 7,007.35.
Tuesday was another down day for the broad U.S. markets and another continuation from the overall drop that started last Thursday. Each of the major averages started out the day positive but quickly fell negative, and each closed at least 1.3% lower on the day. Crude oil pulled back for its first time in a while, but $70 is still in sight. The S&P 500 sectors were almost all negative. The most positive sectors were energy and real estate up 0.7% and 0.1%, respectively. The worst performing sectors were industrials and materials which were down 2.8% and 2.7%, respectively.
Best Performing Stocks To Own For 2019: John B. Sanfilippo & Son, Inc.(JBSS)
Advisors’ Opinion:
- [By Ethan Ryder]
John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) CEO Jeffrey T. Sanfilippo sold 8,108 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $71.00, for a total transaction of $575,668.00. Following the completion of the sale, the chief executive officer now directly owns 14,840 shares in the company, valued at approximately $1,053,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
- [By Logan Wallace]
Legal & General Group Plc increased its position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,366 shares of the company’s stock after acquiring an additional 1,126 shares during the quarter. Legal & General Group Plc owned about 0.15% of John B. Sanfilippo & Son worth $1,300,000 as of its most recent SEC filing.
- [By Max Byerly]
The Hershey (NYSE: HSY) and John B. Sanfilippo & Son (NASDAQ:JBSS) are both consumer staples companies, but which is the better investment? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, analyst recommendations, earnings, valuation and profitability.
- [By Max Byerly]
John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) shares reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $71.43 and last traded at $70.96, with a volume of 1305 shares trading hands. The stock had previously closed at $69.72.
Best Performing Stocks To Own For 2019: Infinity Pharmaceuticals, Inc.(INFI)
Advisors’ Opinion:
- [By Logan Wallace]
ValuEngine upgraded shares of Infinity Pharmaceuticals (NASDAQ:INFI) from a sell rating to a hold rating in a report published on Saturday morning.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Infinity Pharmaceuticals (INFI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Chris Lange]
Infinity Pharmaceuticals Inc. (NASDAQ: INFI) shares made a healthy gain early on Tuesday after the firm announced a collaboration with Arcus Biosciences Inc. (NYSE: RCUS). These two companies have entered into a clinical collaboration to evaluate two triple combination therapies in selected tumor types that typically show minimal response to checkpoint inhibition monotherapy.
- [By Logan Wallace]
Infinity Pharmaceuticals Inc. (NASDAQ:INFI) CEO Adelene Q. Perkins sold 5,000 shares of Infinity Pharmaceuticals stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $2.82, for a total transaction of $14,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Best Performing Stocks To Own For 2019: ConAgra Foods, Inc.(CAG)
Advisors’ Opinion:
- [By Chris Lange]
Pinnacle Foods Inc. (NYSE: PF) shares dropped early on Wednesday after it was announced that the company would be acquired by Conagra Brands Inc. (NYSE: CAG). This will go down in a cash and stock deal valued at roughly $10.9 billion, including Pinnacle Foods’ outstanding net debt. The transaction is expected to close by the end of 2018.
- [By Chris Lange]
When Conagra Brands Inc. (NYSE: CAG) reported its fiscal first-quarter financial results before the markets opened on Thursday, the company said that it had $0.47 in earnings per share (EPS) and $1.80 billion in revenue. That compared with consensus estimates of $0.49 in EPS and $1.85 billion in revenue, as well as the $0.46 per share and $1.8 billion posted in the same period of last year.
- [By Chris Lange]
Pinnacle Foods Inc. (NYSE: PF) and Conagra Brands, Inc. (NYSE: CAG) shares were relatively muted on Monday despite making another pivotal step to closing their tie-up.
- [By Shane Hupp]
Conagra Brands (NYSE:CAG) issued its earnings results on Thursday. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.02), MarketWatch Earnings reports. Conagra Brands had a net margin of 10.47% and a return on equity of 22.55%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the business posted $0.46 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Conagra Brands updated its Q2 guidance to $0.57-0.60 EPS.
- [By Chris Lange]
Conagra Brands Inc. (NYSE: CAG) is expected to release its most recent quarterly report early Thursday. The consensus forecast calls for $0.55 in EPS on $2.0 billion in revenue. Shares closed at $36.61 on Friday. The consensus target price is $42.21, and shares have changed hands between $32.16 and $41.63 in the past year.
- [By Steve Symington]
As for individual stocks, Apple (NASDAQ:AAPL) rallied after a notable vote of confidence from Wall Street, while Conagra Brands (NYSE:CAG) fell hard on earnings news.
Best Performing Stocks To Own For 2019: SPDR S&P MidCap 400 ETF (MDY)
Advisors’ Opinion:
- [By Joseph Griffin]
Round Table Services LLC increased its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 19.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,239 shares of the exchange traded fund’s stock after buying an additional 1,642 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises approximately 1.2% of Round Table Services LLC’s holdings, making the stock its 20th largest position. Round Table Services LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $3,635,000 at the end of the most recent quarter.
- [By Max Byerly]
Curbstone Financial Management Corp reduced its holdings in SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,360 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. SPDR S&P MidCap 400 ETF makes up 4.1% of Curbstone Financial Management Corp’s portfolio, making the stock its 2nd biggest holding. Curbstone Financial Management Corp owned approximately 0.07% of SPDR S&P MidCap 400 ETF worth $14,684,000 as of its most recent SEC filing.
- [By Max Byerly]
PNC Financial Services Group Inc. trimmed its holdings in SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) by 1.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,139,465 shares of the exchange traded fund’s stock after selling 22,647 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR S&P MidCap 400 ETF were worth $389,390,000 as of its most recent filing with the SEC.
- [By Joseph Griffin]
Price Capital Management Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 900 shares of the exchange traded fund’s stock, valued at approximately $320,000.
- [By Joseph Griffin]
Financial Advisory Group lifted its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,079 shares of the exchange traded fund’s stock after acquiring an additional 587 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up approximately 8.9% of Financial Advisory Group’s portfolio, making the stock its 5th biggest position. Financial Advisory Group owned 0.16% of SPDR S&P MidCap 400 ETF Trust worth $33,836,000 at the end of the most recent reporting period.