Latest news with #Falorni
LeMonde
3 days ago
- Politics
- LeMonde
Assisted dying could soon become legal in France. This MP was the driving force
In the café of the Assemblée Nationale on Monday, May 26, Olivier Falorni was frequently interrupted as he spoke – either by a fellow MP, stopping by to congratulate him with a handshake, or by one of the many journalists who asked him for a comment. The previous two weeks had been intense for the MP representing Charente-Maritime. He served as the lead rapporteur for two bills, on one palliative care and one on assisted dying, examined by the Assemblée Nationale. His three-day stubble showed that he had let himself enjoy a rare "day off" on Sunday, before tackling the final sprint leading up to the bills' votes in the Assemblée, on Tuesday. It was like a leg in the middle of a long marathon – one that was far from over – to defend assisted dying, a cause he has championed for years, despite all the obstacles in his path. His longstanding advocacy and his role in the two bills on end-of-life care, which were both adopted by the Assemblée Nationale on Tuesday, made him a central figure during the debates. The discussions took place in a calm atmosphere, despite aid in dying being a divisive issue. The lead rapporteur welcomed the serenity, contrasting it to "the violence of the exchanges" around the same-sex marriage law, in 2013, and the Veil law on decriminalizing abortion, in 1975. "This Assemblée will be able to have a collective pride for having managed to, for the first time in history, conduct a [debate on a] major societal issue in a calm way," said Falorni, with his trademark smile.
Wall Street Journal
03-04-2025
- Business
- Wall Street Journal
Consumer Staples Gain on Rush to Safety After Tariffs Spark Market Rout
Investors turned to the familiar safe havens of food, beverages and household staples to escape the market turmoil brought on by President Trump's latest round of tariffs. Food and drink companies including Kraft Heinz, General Mills, Coca-Cola, PepsiCo and Mondelez International gained between 1.5% and 3% in trading Thursday. The makers of household staples such as Colgate, Church & Dwight CHD 2.25%increase; green up pointing triangle, Kimberly-Clark and Procter & Gamble all rose 1.6% to 2.6%. Consumer staples was the only one of 11 industry sectors in the S&P 500 to finish higher on Thursday, rising 0.7%. The index overall fell 4.8% on the day, as more than four out of five stocks declined. It was the worst single-day decline for the U.S. market since March 2020. Citi analyst Filippo Falorni said consumer staples are more recession proof than most other sectors, providing stable earnings and revenue even in a tough environment. The sector's exposure to the tariffs that are poised to hit a number of industries, from clothing and shoe makers, to toys and autoparts companies, is minimal. 'These companies are up because investors are looking for stocks with a low exposure to tariffs, and also because they could be more protective if there's a general slowdown in the consumer,' he said. Some do manufacture products in other countries. Falorni cited Colgate toothpaste and Procter & Gamble razors made in Mexico as examples. 'So the tariff exposure is there, but it's much lower than for others,' Falorni said. The current bright spot in consumer staples comes after many of these companies underperformed the broader market in the past two years, as investors bid up big tech stocks such as Apple and Nvidia, driving much of the growth in the broader index. Another source of solace for investors on Thursday was shares of a major retailer of consumer staples, Kroger. The grocery store operator's stock closed up 5.2%, making it the sixth-best performer in the S&P 500. Write to Sabela Ojea at
Yahoo
20-03-2025
- Business
- Yahoo
Why Boston Beer Stock Was So Frothy on Thursday
On Thursday, plenty of investors bellied up to the bar to put money into Boston Beer (NYSE: SAM) stock. Best known as the brewer of the Samuel Adams line of suds, the company received a recommendation upgrade from a top U.S. bank tracking its fortunes. In mid-afternoon trading, Boston Beer's share price was up by more than 3%. Well before the market open that morning, Citigroup's Filippo Falorni pushed his Boston Beer recommendation up one peg, to buy from the previous neutral. He also raised his price target on the beverage stock, to $280 per share from $265. According to reports, Falorni believes that the company's upcoming launch of Sun Cruiser, a new line of canned vodka cocktails, will be a catalyst for growth given the heavy advertising spend bolstering the brand. Assisting this will be what the analyst feels should be improvements in the sales of other company brands, such as its Truly "hard" (i.e., alcohol-infused) seltzer. The change in sentiment on Boston Beer was part of a wider Citigroup update of beverage brands. The company was included in the bank's selection of top picks in the beverage sector, and was tapped as one of eight elite picks. Among the others were Coca-Cola, Monster Energy, and -- ranked No. 1 -- Keurig Dr Pepper. Personally, I don't envision American consumers suddenly developing a more serious alcohol habit for any reason. And while Sun Cruiser is a somewhat interesting take on the recent spiked soft drink trend, it doesn't feel to me like it's got blockbuster potential. Therefore, I'm not as excited as Citigroup is on the future of Boston Beer. Before you buy stock in Boston Beer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Boston Beer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $720,291!* Now, it's worth noting Stock Advisor's total average return is 840% — a market-crushing outperformance compared to 165% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 18, 2025 Citigroup is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boston Beer and Monster Beverage. The Motley Fool has a disclosure policy. Why Boston Beer Stock Was So Frothy on Thursday was originally published by The Motley Fool
Yahoo
20-03-2025
- Business
- Yahoo
Citi lifts Coty to Buy on ‘large value-unlock opportunity' from Wella stake sale
-- Citi hiked its rating on Coty (NYSE:COTY) shares to Buy from Neutral, highlighting a 'large value-unlock opportunity' from the anticipated sale of its stake in German beauty company Wella by the end of 2025. The recent underperformance of Coty stock and adjustments in earnings estimates have adequately factored in the challenges faced by the company's Consumer Beauty segment, Citi notes, accounting for about 27% of sales, and the normalization in the Prestige segment, which makes up roughly 63% of sales. The firm also raised Coty's price target to $8, based on approximately 8x the estimated EBITDA for calendar year 2025. Citi's bullishness partly stems from Coty's lowered medium-term targets, which are seen as reducing the risk of future disappointments. Coty has revised its growth outlook to "above category growth," a change from the previous 6-8%, and its EBITDA growth outlook to "at least mid-single-digit (MSD)%" growth from the prior 9-11%. Coti's top-line growth has slowed, with a notable deceleration from +10%/+11% in fiscal years 2023 (FY23) and 2024, to +1.7% in the first half of FY25. This slowdown is attributed to pressures on low-income consumers and inventory destocking in the Consumer Beauty business, as well as a return to normal in the Prestige fragrance business after years of double-digit growth. Despite these headwinds, Citi believes that the lowered estimates present a more favorable setup for investors. 'Following the reductions to FY25 guidance and the mid-term algo, we believe investor expectations have now been fully reset, creating a cleaner setup for the company to deliver in-line FY25 results with potential benefits from stabilizing/improvement replenishment orders,' analyst Filippo Falorni said in a note. Looking ahead, Falorni sees attractive medium-term category growth for Coty in the range of approximately 3-7%. Although top-line growth is expected to remain below these rates in the second half of FY25 and the first half of FY26 due to retailer inventory reductions, there is potential for growth re-acceleration throughout FY26. Falorni believes the market is currently not valuing Coty's approximately 25% stake in Wella, which is estimated to be worth around $1 billion. The sale of this stake, targeted by the end of CY25, is expected to lead to significant share repurchases. Related Articles Citi lifts Coty to Buy on 'large value-unlock opportunity' from Wella stake sale Gold pauses for breath after record run on safe-haven demand Temu-owner PDD Holdings' revenues hit by intense China competition and challenges abroad Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
Is Warren Buffett Becoming A Beer Baron? Berkshire Hathaway Invests $1.2 Billion In Beer Conglomerate That Imports Modelo and Corona
is famous for backing strong consumer stocks like Coca-Cola (NYSE KO), but his latest investment indicates he may be on the verge of becoming a beer baron. Public filings show Buffett's Berkshire Hathaway (NYSE BRK.A, BRK.B) bought $1.24 billion worth of stock in Constellation Brands (NYSE STZ). Although you may not be familiar with that name, you're probably very familiar with their most popular products, which include the Modelo, Corona, and Pacifico beer brands. According to Fortune, Buffett's sizable investment means Constellation now accounts for roughly 0.5% of Berkshire-Hathaway's portfolio. This indicates that Buffett is very bullish on the company despite Constellation's stock being down by more than 25% this year. Although Buffett's investment in a company whose stock is plummeting might seem counterintuitive to a casual market observer, this move dovetails perfectly with his investment philosophy. Don't Miss: First, buying companies with strong market share and a loyal customer base has long been a guiding principle for Buffett. This explains Berkshire's major stakes in big companies like Coca-Cola. Constellation certainly fits that bill. Second, Buffett loves good value, and the chance to buy shares in a company like Constellation at a discount may have been too good to pass up. Filippo Falorni, who is a lead beverage analyst for Citibank, told Fortune that Buffett's aggressive purchase of Constellation shares is "a perfect example of value investing." Falorni believes that Buffett is banking on Constellation to rebound, and Buffett's big move indicates Falorni's analysis is on the money. He expanded on that idea by saying, 'The stock has been very weak, mainly due to concerns about [Trump] tariffs on its Mexican beer imports. However, looking past the near-term issue of tariffs, the long-term business remains very attractive with growth in the fastest-growing part of the beer category." Falorni also said the rapidly growing Hispanic population in the U.S. will mean increased market share and distribution opportunities for Constellation. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — All of Constellation's brands carry loyal followings and strong name recognition in the U.S. According to Forbes, Constellation's Modelo Especial has been the best-selling beer brand in the U.S. since 2023, when it knocked Anheuser-Busch InBev's (NYSE BUD) Bud Light out of the top spot. Forbes also reports that InBev tried to purchase Grupo Modelo in 2012, but the Justice Department moved to block the deal, arguing it would have given InBev almost full control of the beer industry. The deal was eventually completed after InBev reached a settlement agreement with the Justice Department. InBev bought Grupo Modelo and retained global distribution rights but sold the American distribution rights as a condition of Justice Department approval . That's when Constellation Brands stepped in and took control of the American distribution of Grupo Modelo's brands, which include Modelo, Corona, and has steadily eaten into InBev's market share ever since. It's not an accident that happened. Constellation accomplished this through an expertly run series of marketing campaigns for all its products that featured stars like Bad Bunny and Snoop Dogg. These campaigns resonated with both young people and America's Hispanic population. Constellation and its core brands appear to have made lasting inroads with both demographics. This begs the question of why Constellation Brands' stock is down this year. The short answer is tariffs. Falorni told Fortune he estimates Trump's proposed tariffs on Mexican imports could knock 28% off Constellation's earnings per share. However, Buffett remains undeterred. Falorni said, 'Warren Buffett is looking at the value of the business in the long term and believes the stock is undervalued due to those external concerns.' Read Next: If there was a new fund backed by Jeff Bezos offering a ? Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Is Warren Buffett Becoming A Beer Baron? Berkshire Hathaway Invests $1.2 Billion In Beer Conglomerate That Imports Modelo and Corona originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
