Stocks making the biggest moves midday: Kraft Heinz, Amazon, Bed Bath & Beyond & more

div > div.group > p:first-child"> Kraft Heinz — Shares of Kraft Heinz rose 3.4 percent after Morgan Stanley upgraded the food producer to equal weight from underweight. The bank noted that prior concerns like a dividend cut and an earnings shortfall have now been priced into the stock after its recent plunge.

Amazon — Shares of the e-commerce juggernaut rose about 1.5 percent in midday trading after Evercore ISI analyst Anthony DiClemente's said the stock still looks undervalued. The analyst said investors should rely less on Amazon's revenue projections and more on its gross profits going forward. Children's Place — Shares of Children's Place tanked nearly 10 percent after the children's clothing retailer reported disappointing earnings for the fourth quarter. The company posted earnings of $1.10 per share last quarter, well below the $2.10 FactSet consensus estimate. Revenue also missed forecasts, while the company's full year earnings outlook is also significantly below Street forecasts.

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Kraft Heinz and its investors taste the food industry’s woesAmerica's food industry brands may be familiar, but that does not make them popular Mr Buffett, for once, did not do his homework. When it comes to food these days, it's not who manages it, but what exactly is being managed. Modern food is not your father's Oldsmobile.
Source: TheEconomist - 🏆 6. / 92 Read more »