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This basket consists of stocks that serve the 18+ crowd, such as casinos, alcohol, tobacco, and strip clubs.
PepsiCo (PEP) is focusing on driving greater efficiency and effectiveness, by lowering costs and plowing back savings to develop scale and core capabilities.
The beverage giant may be known as a reliable income stock, but here are a few better choices if you're looking for high yields.
As of June 21, Altria was trading at a forward PE ratio of 11.1x—compared to 12.8x before its first-quarter earnings were announced. Altria posted its first-quarter earnings on April 25.
While Las Vegas Sands (LVS) has an edge over MGM Resorts (MGM) in terms of projected EPS, the latter has a better debt-to-asset ratio.
Scott Gottlieb’s comments might have led to a fall in Altria’s stock price on June 21. At the closing on June 21, the company was trading at $48.00—a fall of 4.5% from the previous day’s closing price.
(Bloomberg) -- Shares of PT Erajaya Swasembada, an Indonesian distributor of Apple Inc.’s iPhones and Samsung Electronics Co.’s smartphones, surged the most in more than a year after the company said it was close to a tie-up with electronic cigarette manufacturer Juul Labs Inc.Erajaya will soon announce details of the partnership with Juul, Budiarto Halim, president director, said by phone on Monday. “I’m currently bound by a non-disclosure agreement,” he said.Juul has signed an exclusive distribution deal with one of Erajaya’s units and will begin to retail e-cigarettes in greater Jakarta area, Java and Bali from the end of this month, Citigroup Inc. said in a report, without saying where it got the information. In the launch stage, the product will consist of Juul basic kit, charger and refill kits, analysts Vivi Lie and Ferry Wong wrote in the report.Juul’s device will have a one-year warranty and the roll-out will be supported by marketing campaigns on television, digital, billboards and print media, Citi said. Still, its impact on combustible cigarette market will be relatively limited and it is more likely Juul will attract vape users and non-smokers in urban areas, it said.Indonesia is one of the world’s largest markets for cigarettes and known for a variety of clove cigarettes it produces. The market is dominated by cigarette makers PT Hanjaya Mandala Sampoerna, a Philip Morris International Inc. unit, and PT Gudang Garam.Erajaya’s shares jumped 19%, the most since April 30, 2018, while its Indonesian counterpart PT Hanjaya Mandala Sampoerna fell 1.5%. The nation’s benchmark index Jakarta Composite Index closed 0.4% lower.(Updates share moves in final paragraph.)\--With assistance from Rieka Rahadiana.To contact the reporter on this story: Tassia Sipahutar in Jakarta at email@example.comTo contact the editors responsible for this story: Divya Balji at firstname.lastname@example.org, Thomas Kutty AbrahamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Earnings reports also from Walgreens and Nike, and economic data on consumer confidence, GDP, and more. And the G-20 meeting will cap off the week.
Look for Nike, Constellation Brands, and McCormick stocks to make big moves over the next few trading days in advance of earnings reports late in the week.
(Bloomberg) -- The former commissioner of the Food and Drug Administration said he thinks Juul Labs Inc. will have a difficult time getting its e-cigarette approved under rules that will eventually force makers of the devices to go through government review to keep selling to consumers.“Juul is going to be in a hard spot to ever get their product approved,” ex-Commissioner Scott Gottlieb, who stepped down from leading the agency earlier this year, said on CNBC Friday.Altria Group Inc., which sells Marlboro cigarettes, bought a $12.8 billion stake in Juul last year. Shares of the tobacco company closed down 4.5% to $48 in New York, the lowest closing price since Jan. 30.During his two-year tenure atop the FDA, Gottlieb initially took a cautious approach toward strictly regulating e-cigarettes, seeing them as a tool to help adult smokers quit. He evolved into a harsh critic, calling youth use an “epidemic” and said that Juul and other e-cigarettes had attracted previous nonsmokers.To respond to a lawsuit claiming the agency failed to sufficiently regulate the products, the FDA has proposed giving manufacturers 10 months to submit applications to keep selling the nicotine devices.Juul said it's working on its application to the FDA, which will include information on how the product can help existing smokers stop using cigarettes. ``We are confident adult smokers will not be left without a viable alternative to combustible cigarettes,'' said Juul spokesman Matt David.Juul is popular with many young and underage people, and public health advocates have said that the company specifically targeted younger users. The company has pulled back on some marketing activities and has taken steps to make sure its product reaches only people of appropriate age. Juul’s website says that “We don’t want anyone who doesn’t smoke, or already use nicotine, to use Juul products.”“We remain confident that Juul can successfully navigate the PMTA process,” Altria spokesman Steven Callahan said in an emailed statement. PMTA refers to the FDA’s premarket tobacco application rules. A federal judge said last month the FDA must speed up its implementation of the rules, though hasn’t made a final ruling on the agency’s proposal.A spokesman for the FDA didn’t immediately provide a comment.Government health officials are also researching the use of Juul as part of a regular survey that gauges youth tobacco use. The data they collect could have an impact on the likely review of the devices.“If we see a further increase in overall use, and respondents report to using Juul mostly, then we think whatever Juul says, and whatever actions they point to that they have implemented, it won’t matter,” Ryan Tomkins, a stock analyst with Jefferies, said in a note to clients Friday.(Adds Juul statement in sixth paragraph)\--With assistance from Janet Freund, Tiffany Kary and Anna Edney.To contact the reporter on this story: Drew Armstrong in New York at email@example.comTo contact the editors responsible for this story: Drew Armstrong at firstname.lastname@example.org, Timothy AnnettFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Constellation Brands (STZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Constellation Brands' (STZ) constant brand-building efforts, acquisitions and pipeline of innovations are encouraging. However, its soft wine & spirits business remains a headwind.
(Bloomberg Opinion) -- There are those who complain that the U.S. has lost a lot of its regional distinctiveness. “It wasn’t just the coffee shops — bars, restaurants, even the architecture of all the new housing going up in these cities looked and felt eerily familiar,” journalist Oriana Schwindt wrote last year after voyaging through every state. “Oh, and breweries. Thousands of breweries, springing up in recent years like mushrooms after a rain.”These observations generally accord with what I saw during a cross-country trip of my own last year.(1) In the case of breweries, they’re also backed up by some pretty amazing statistics. There were 7,450 breweries in the U.S. in 2018, according to the craft-beer trade group the Brewers Association, up from 1,574 in 2008 and 89 in 1978. The number of jobs at breweries jumped from 26,380 in 2008 to 77,902 in 2018, according to the Bureau of Labor Statistics.There is, however, still regional variation to be found. Yes, every city has a microbrewery and/or brewpub now, but some cities have a lot more microbreweries relative to their size than others. As I was looking through the above-mentioned BLS data for a Bloomberg Businessweek charticle about the brewery boom, I realized there was a handy way to sort this out: the “employment location quotient” that the BLS provides for states, metropolitan areas and counties in every industry. It measures an industry’s share of total jobs in an area divided by its share nationwide. In Bend-Redmond, a scenic and fast-growing metro area (estimated 2018 population: 191,996, up from 157,733 in 2010) just east of the Cascade Range in Oregon, one is effectively 18 times more likely to run into a brewery worker than in the country as a whole.These data are from the Quarterly Census of Employment and Wages, the hyper-detailed jobs report that the Bureau of Labor Statistics compiles from state unemployment insurance data. The QCEW doesn’t get nearly as much media attention as the survey-based monthly employment report because it comes out with a six-month lag, but man, is it illuminating. One important caveat: The QCEW gets so detailed that the BLS often has to suppress data so as not to reveal employment and wage information that can be traced to a single employer. Brewery employment data from the Chico, California, metropolitan area, home to the country’s third-largest craft brewer, Sierra Nevada Brewing Co., are suppressed. The largest craft brewer, D.G. Yuengling & Son Inc., is in Pottsville, Pennsylvania — which isn’t in a metropolitan area; plus, the BLS suppresses its county’s brewery employment data.So the above table isn’t definitive, but it still gives a pretty good picture of where the brewing boom is concentrated: scenic Western cities, and some other places. Bend-Redmond boasts the 10th-largest craft brewer, Deschutes Brewery Inc., and 29 others, according to Beer Me Bend. Metro Fort Collins has the fourth-largest craft brewer, New Belgium Brewing Co. Inc., an outpost of the top U.S. brewer overall, Anheuser-Busch, and at least 35 other breweries, according to the BLS. The metropolitan areas that are home to the top-selling non-craft U.S. beers — Denver (Coors), Milwaukee (Miller) and St. Louis (Budweiser and the other Anheuser-Busch beers) — all remain major beer employment centers, although Denver owes its status as the nation’s No. 1 metro area for brewery jobs at least as much to the more than 100 non-Coors breweries in the area. (Anheuser-Busch is owned by Belgium-based Anheuser-Busch InBev SA/NV, Coors and Miller by MillerCoors LLC, the domestic arm of Denver-based Molson Coors Brewing Co.)Pay tends to be higher at big breweries than at small ones, in part because all of Anheuser-Busch’s 12 “flagship breweries”(4) are unionized and most of MillerCoors’s are. All the metropolitan areas with annual brewery wages of $80,000 or more in the above chart are home to major Anheuser-Busch breweries.In the craft-beer mecca that is metropolitan San Diego, which according to the San Diego Brewers Guild currently has 128 breweries, wages are low but employment has more than doubled since 2014. The area was No. 2 in brewery jobs in 2018 and seems destined for the top spot. The giant Los Angeles metropolitan area is No. 3 but didn’t come close to making the above chart; it has a brewery employment location quotient of less than 1.Brewing is of course not what one could call a huge industry. Even in the beer-sodden Bend-Redmond area, breweries account for only 1% of total jobs; nationwide, it’s 0.05%. But the BLS QCEW Data Viewer can also be used to look at bigger industries and broader categories,(3) and discover some important things about U.S. economic geography. I recommend trying it out yourself if you’re interested, but I plan to do separate columns on what the latest QCEW data (released early this month) reveal about employment in finance, health care and a couple of other sectors. Also, if you’re into consuming artisanal beverages and such, you really should visit Bend, which also has high employment location quotients for coffee and tea manufacturing, medicinal and botanical manufacturing, and mobile food services.Coming Saturday: The most finance-heavy local economies.(1) Having gone on similar road trips in the late 1980s and early 1990s, when most of the country’s downtowns seemed near death, I see these developments in a more positive light than Schwindt does. But that's another story.(2) The "flagship" is to differentiate them from the many craft breweries the company has acquired in recent years, most of which aren't unionized.(3) For time series you're better off on the QCEW databases page.To contact the author of this story: Justin Fox at email@example.comTo contact the editor responsible for this story: Brooke Sample at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Monster Beverage (MNST) is benefiting from brand strength, constant product launches and innovations. Further, the company is on track with growth in its international markets.
(Bloomberg) -- The advertising industry’s annual gathering on the French Riviera has become a recurring cycle of contrition from technology giants and admonishment from the Mad Men. In 2017, it was YouTube apologizing for ads appearing next to jihadist terror videos. In 2018 came Facebook Inc.’s mea culpa for a data privacy scandal. This year, Facebook regretted live-streaming a mass shooting in New Zealand and YouTube battles the spread of hate speech.All the while, the marketing money continues to flow. Facebook and Google’s advertising sales grew 38% and 22%, respectively, in 2018, and both dominated the beach front in Cannes again this year with showy largess. Google served up grape smoothies, gingerbread ice cream and live tunes from synth-pop duo Pet Shop Boys and electro outfit Justice. Facebook held panels with Grammy-winning singer-songwriter John Legend and style icon Jenna Lyons, while Chief Operating Officer Sheryl Sandberg hosted some of the biggest advertisers by the shore.But the recurring scandals hitting the tech giants have created a dilemma for chief marketing officers. Do they take a principled stand and move their ad dollars elsewhere, sticking to more traditional media like TV and newspapers but missing out on the global reach and hyper-specific targeting of consumers that the platforms afford? Or do they accept the risk of being drawn into future hate speech and toxic content controversies, if it means they can keep growing sales? The consensus in Cannes this year from advertisers: let’s ride it out.“Every once in a while there’s going to be a screw-up and unfortunately the screw-ups are pretty big,’’ said Michael Roth, chairman and chief executive officer of the Interpublic Group of Cos., the world’s fourth-largest advertising company by revenue. “The thing is, it still works.”Unlike the past, when adverts were confined to spaces curated by professionals, such as TV commercial breaks, radio programs or billboards, chief marketing officers are opting to get comfortable with the daily risks of placing their products alongside non-vetted, user-generated content.In Cannes, Facebook and Google both stressed their latest efforts to keep their platforms safe, from investing in machine learning that spots offending material before it’s uploaded to hiring more humans to oversee posts. But each conceded they’ll never keep all the objectionable material at bay. Sandberg said Facebook had a ‘Herculean’ task on its hands and that generally, all technologies can be used for both bad and good.“Bad actors are smart and find ways to circumvent our policies and brush right against where the new line has been drawn,’’ said Cecile Frot-Coutaz, YouTube’s head of Europe, Middle East and Africa. “It’s that delicate balance of keeping the openness but protecting our users and advertisers.”YouTube’s latest controversy is how it keeps its service safe for children, after predators were found to be leaving pedophile comments on videos featuring kids. YouTube has previously come under fire for allowing fake or misleading content to flourish on its platform, and not removing videos with homophobic and racist remarks.Pressure isn’t just building from marketers, but also from other platforms touting their wares in Cannes to lure spending. Amazon.com Inc. hosted meetings in a top-floor suite at the five-star Carlton hotel with spectacular views over the Mediterranean, showing brands how they can advertise in Amazon search results and grow sales through its Alexa smart speaker. Snap Inc. entertained guests in a contemporary art museum, handing out rainbow-colored flip-flops. Music streamer Spotify Technology SA and Walt Disney Co.’s Hulu brought in Grammy-nominee Ciara for a VIP party at a hillside villa.Advertisers’ latest initiative to tackle the issue of safety online is a so-called ‘Global Alliance for Responsible Media’ that includes brands, ad agencies and platforms. Yet pushed at the partnership’s launch on specific measures they’d like to see, marketers from consumer-goods giant Unilever, confectionery manufacturer Mars Inc. and drinks-maker Diageo Plc weren’t forthcoming.Yannick Bollore, CEO of ad giant Havas, called it “unthinkable” not to advertise on social platforms, because that’s where consumers spend most of their time.“But we need to guarantee to our clients that we can find a positive environment,” he said in an interview in Cannes.His counterpart at WPP, Mark Read, went furthest in publicly suggesting changes that might be needed, mooting moderation of content in certain categories or limiting what can be posted from new accounts.“We need to think about the design of the platforms,” Read said, whose London-based advertising group spends billions of dollars of client money with Facebook and Google. “Clearly they haven’t done enough.”Marketers are making investment decisions at a time when the average tenure of a chief marketing officer, or CMO, is a mere 43 months, or less than half of that of a CEO, according to research by headhunters Spencer Stuart. Their short shelf-life shows the scrutiny they’re under from their boards, said Michael Kassan, founder of MediaLink, which advises the world’s most influential marketers and media companies.“The easiest way to talk is with your cheque book,” Kassan said. “But the pressure on a CMO to deliver results is intense.”And even if marketers wanted to force change through financial pressure, it’s not clear it would work. The tech giants have built a base of millions of small- and medium-sized businesses that advertise using their tools, which limits the leverage of any particular brand, said Pedro Earp, chief marketing officer of beer-maker Anheuser-Busch InBev NV.“Some of these issues are complicated and aren’t solvable like that,” Earp said, who sits on Facebook’s client council which consults on how to improve the platform for advertisers. “It’s been a constructive dialog.”But so long as Facebook and Google continue to offer marketers an unparalleled ability to reach consumers and ease of use, they’ll keep dominating the industry, said Wenda Harris Millard, vice president at MediaLink and based in London.“For advertisers it’s kind of like, ‘Do I press the F button or the G button?”’ she said. “It’s hard to stop all this.”To contact the reporters on this story: Joe Mayes in London at email@example.com;Angelina Rascouet in Paris at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Benedikt KammelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Constellation Brands (STZ) closed the most recent trading day at $185.74, moving +0.77% from the previous trading session.
Carnival (CCL) top line in second-quarter fiscal 2019 is likely to be driven by an increase in passenger ticket revenues as well as Onboard and Other revenues.