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Mutual Funds and ETFs Scorecard: May 12 Edition
Iuri Struta
|
The market has continued its poor performance over the past two weeks, with...
Revenue dipped 2.4% to $4.27 billion, from $4.37 billion last year. Wall Street analysts expected to see revenue of $4.38 billion.
The company saw downside in its U.S. Retail segment, but reported increased sales in its consolidated international businesses.
Although GIS reaffirmed its constant currency growth for 2015, it noted that the U.S. market has becoming much more challenging than originally expected.
The decline of the cereal market is far from breaking news. Overall, cereal sales have been falling for a decade as consumers are now reaching for quicker meals or healthier options.
On Wednesday, both General Mills and Kellogg Company were downgraded at Societe Generale. The firm lowered its rating on GIS from “Hold” to “Sell” and gave the company a $50 price target.
Kellogg Company was cut from “Buy” to “Hold” and was given a $66 price target. The analyst noted that K’s cereal business could take multiple years to turn around.
Symbol | Mutual Fund | Stake | Exposure |
---|---|---|---|
VTSSX | Vanguard Total Stock Market Index Fund | 1.58% | General Mills |
VTSSX | Vanguard Total Stock Market Index Fund | 1.24% | Kellogg Company |
VFINX | Vanguard 500 Index Fund | 1.04% | General Mills |
VFINX | Vanguard 500 Index Fund | 0.73% | Kellogg Company |
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News
Iuri Struta
|
The market has continued its poor performance over the past two weeks, with...
Daniel Cross
|
By effectively balancing out your stock selections in your investment portfolio, you can...
Aaron Levitt
|
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Justin Kuepper
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Let's take a closer look at how ESG investments have outperformed during the...
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Daniel Cross
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While CITs and mutual funds share many similarities, there are some key differences...
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Sam Bourgi
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The phrase ‘bear market’ has been thrown around a lot lately, but it...
Revenue dipped 2.4% to $4.27 billion, from $4.37 billion last year. Wall Street analysts expected to see revenue of $4.38 billion.
The company saw downside in its U.S. Retail segment, but reported increased sales in its consolidated international businesses.
Although GIS reaffirmed its constant currency growth for 2015, it noted that the U.S. market has becoming much more challenging than originally expected.
The decline of the cereal market is far from breaking news. Overall, cereal sales have been falling for a decade as consumers are now reaching for quicker meals or healthier options.
On Wednesday, both General Mills and Kellogg Company were downgraded at Societe Generale. The firm lowered its rating on GIS from “Hold” to “Sell” and gave the company a $50 price target.
Kellogg Company was cut from “Buy” to “Hold” and was given a $66 price target. The analyst noted that K’s cereal business could take multiple years to turn around.
Symbol | Mutual Fund | Stake | Exposure |
---|---|---|---|
VTSSX | Vanguard Total Stock Market Index Fund | 1.58% | General Mills |
VTSSX | Vanguard Total Stock Market Index Fund | 1.24% | Kellogg Company |
VFINX | Vanguard 500 Index Fund | 1.04% | General Mills |
VFINX | Vanguard 500 Index Fund | 0.73% | Kellogg Company |
Receive email updates about best performers, news, CE accredited webcasts and more.
News
Iuri Struta
|
The market has continued its poor performance over the past two weeks, with...
Daniel Cross
|
By effectively balancing out your stock selections in your investment portfolio, you can...
Aaron Levitt
|
Building on the momentum of the _SECURE Act_, a new bill in Congress...
Mutual Fund Education
Justin Kuepper
|
Let's take a closer look at how ESG investments have outperformed during the...
Mutual Fund Education
Daniel Cross
|
While CITs and mutual funds share many similarities, there are some key differences...
Mutual Fund Education
Sam Bourgi
|
The phrase ‘bear market’ has been thrown around a lot lately, but it...