Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Kraft Heinz Co    KHC

Delayed Quote. Delayed  - 02/23 10:00:00 pm
92.94 USD   -0.45%
02/23 Buffett expected to tout passive investing in Berkshire annual le..
02/23 Chicago Tribune Robert Reed column
02/23 UNILEVER : reviewing options
News SummaryMost relevantAll newsSector newsTweets 

Dow edges up to seventh straight record high

share with twitter share with LinkedIn share with facebook
share via e-mail
02/17/2017 | 10:44pm CET
Traders work on the floor of the NYSE

The Dow Jones Industrial Average barely reached a seventh straight record high on Friday and the S&P 500 and Nasdaq also closed at a record as gains in Kraft Heinz helped offset selling in energy stocks.

After suffering losses for most of the session, the Dow and S&P 500 turned positive in the final minutes of a week fueled by the "Trump Rally" that has seen stocks surge since the November presidential election.

"Corporate earnings are fine, the economy's fine, the Fed's going to raise rates, and that's great for financials," said John Canally, chief economic strategist for LPL Financial.

Kraft Heinz (>> Kraft Heinz Co) jumped 10.74 percent after it said it would continue to pursue a $143 billion bid for Unilever (>> Unilever plc), despite being rebuffed. Unilever's U.S.-listed shares <UL.N> surged 14.00 percent.

Eight of the 11 major S&P sectors rose, with consumer staples <.SPLRCS> adding 0.66 percent, helped by Kraft Heinz (>> Kraft Heinz Co) as well as a 4.32-percent increase in Colgate-Palmolive (>> Colgate-Palmolive Company) and a 4.19-percent rise in Kimberly-Clark (>> Kimberly Clark Corp).

The S&P energy sector <.SPNY> fell 0.53 percent as oil prices slipped.

Signs of a strengthening economy as well as anticipated tax cuts were behind the most recent optimism. With a strong fourth-quarter earnings season mostly complete, many investors say they need concrete signs of progress from Trump on his policy plans.

Uncertainty around other potential Trump policies is an additional risk, some investors say.

"People are focusing on only the good of what his campaign promises were," said Lindsey Bell, an investment strategist at CFRA Research. "What makes me nervous is that it feels like the market is ignoring what could come on immigration, trade, healthcare - the negative implications that could come from a protectionist government."

With a long weekend ahead due to the Presidents Day holiday on Monday, trading was a bit lighter than usual.

The Dow Jones Industrial Average <.DJI> rose a marginal 0.02 percent to end at 20,624.05, while the S&P 500 <.SPX> gained 0.17 percent to 2,351.16. The Nasdaq Composite <.IXIC> added 0.41 percent to 5,838.58.

For the week, the Dow rose 1.7 percent, the S&P 500 added 1.5 percent and the Nasdaq gained 1.8 percent.

UnitedHealth (>> UnitedHealth Group Inc) sank 3.68 percent after it was sued by the U.S. Justice Department over Medicare charges.

Declining issues outnumbered advancing ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.26-to-1 ratio favored advancers.

The S&P 500 posted 46 new 52-week highs and one new low; the Nasdaq Composite recorded 141 new highs and 24 new lows.

About 6.4 billion shares changed hands on U.S. exchanges, below the daily average of 6.8 billion over the last 20 sessions.

(Additional reporting by Yashaswini Swamynathan in Bengaluru; Editing by James Dalgleish)

By Noel Randewich

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on KRAFT HEINZ CO
02/23 Buffett expected to tout passive investing in Berkshire annual letter
02/23 Chicago Tribune Robert Reed column
02/23 KRAFT HEINZ : Management's Discussion and Analysis of Financial Condition and Re..
02/23 UNILEVER : reviewing options
02/23 KRAFT HEINZ : Barometer
02/23 MARTIN VANDER WEYER : Why I'm glad that Unilever saw off predatory robot Kraft H..
02/23 KRAFT HEINZ : withdraws bid to acquire Unilever
02/23 KRAFT HEINZ : employees notified of possible layoffs
02/23 UNILEVER : to focus on value
02/23 UNILEVER : stock rises after failed takeover
More news
Sector news : Food Processing - NEC
02/23 ARCHER DANIELS MIDLAND : Overheu to step down as CEO of Dutch grain trader Nider..
02/22 GLANBIA : to spin off units into Irish JV with dairy co-op
02/20DJWILMAR INTERNATIONAL : 4th-Quarter Net Profit $560.8 Million, Up 70% on Year
02/18DJKraft Makes Surprise Bid for Rival -- WSJ
02/17DJBig Food Looks to Startups for Ideas, Innovation -- Update
More sector news : Food Processing - NEC
News from SeekingAlpha
02/23 Kraft Heinz to hike packaged coffee prices
02/23 Unilever Finds Kraft Revolting - A Rangeley Capital Discussion
02/22 Unilever to review options, food dominoes start to fall again
02/21 Dividend Update - January 2017
02/21 Life As An Enemy Of The People
Financials ($)
Sales 2017 26 652 M
EBIT 2017 7 818 M
Net income 2017 4 655 M
Debt 2017 25 657 M
Yield 2017 2,65%
P/E ratio 2017 24,68
P/E ratio 2018 22,68
EV / Sales 2017 5,21x
EV / Sales 2018 5,13x
Capitalization 113 133 M
More Financials
Duration : Period :
Kraft Heinz Co Technical Analysis Chart | KHC | US5007541064 | 4-Traders
Full-screen chart
Technical analysis trends KRAFT HEINZ CO
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 98,3 $
Spread / Average Target 5,7%
Consensus details
EPS Revisions
More Estimates Revisions
Bernardo Vieira Hees Chief Executive Officer
Alexandre Behring da Costa Chairman
Georges El-Zoghbi Chief Operating Officer
Paulo Luiz Araújo Basílio Chief Financial Officer & Executive Vice President
Melissa Alves Werneck SVP-Global Human Resources & Performance
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
KRAFT HEINZ CO6.44%113 133
NESTLE SA0.48%231 370
DANONE1.15%43 609
GENERAL MILLS, INC.-1.91%35 253
More Results