Kraft Heinz Stock Falls Again Because There’s Plenty of Bad News
Kraft Heinz stock (ticker: KHC) slid again on Monday, building on Friday’s bitter slide, after Bernstein joined the numerous analysts who have downgraded the shares.
The back story. Kraft hasn’t been having a great year to begin with. The stock tumbled more than 8% after its previous earnings report in November fell short of expectations. Kraft’s bottom-line results not only missed, but the results showed it had sacrificed pricing for growth, and investors reacted negatively. The quarter showed that what used to be considered safe stocks just aren’t so safe anymore.
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https://www.marketwatch.com/articles/kra...latestnews
Kraft Heinz stock (ticker: KHC) slid again on Monday, building on Friday’s bitter slide, after Bernstein joined the numerous analysts who have downgraded the shares.
The back story. Kraft hasn’t been having a great year to begin with. The stock tumbled more than 8% after its previous earnings report in November fell short of expectations. Kraft’s bottom-line results not only missed, but the results showed it had sacrificed pricing for growth, and investors reacted negatively. The quarter showed that what used to be considered safe stocks just aren’t so safe anymore.
....
https://www.marketwatch.com/articles/kra...latestnews
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