Latest news with #S&PSmallCap600
Business Insider
3 days ago
- Business
- Business Insider
Bath & Body Works is ready to go international after a bruising year saw its stock fall 40%
Bath & Body Works' new CEO is only 10 days into the job, but is already planning a major strategy shakeup. The home fragrance retailer reported a strong start to 2025, with net sales up 2.9% to $1.4 billion in the first quarter of 2025. Earnings per diluted share jumped 29% to $0.49, surpassing the firm's own projections. A new Disney collaboration leading to the launch of six Disney Princesses fragrances helped to boost earnings from the most recent period, Bath & Body Works said. In its statement, the company also introduced its new CEO, Daniel Heaf, who was previously Nike 's chief strategy and transformation officer and senior vice president at different departments in Burberry. Speaking about his plans for the Columbus-headquartered retailer just 10 days into the job, Heaf said the firm would be listening to customers to gather insights, using those insights to create products, sharing brand and product stories, and bringing all of that together in an integrated global marketplace. "Today, international represents about 5% of our business, but from my experience at both Nike and Burberry, I know that international growth is incremental," he told investors in the earnings call on Thursday. "It can define an era." "In the coming weeks, I'll be on the ground with our partners and customers internationally to explore how we scale effectively," Heaf said. Bath & Body Works has suffered a bruising year. Stock is down over 40% since the end of May 2024. Earlier this year, it forecast annual sales generally below predictions, citing uncertainty about President Donald Trump 's tariffs. Before that, when the company's market capitalization fell to about $6.6 billion in September, it was removed from the S&P 500, which at the time required a market cap of at least $18 billion. It was instead moved to the S&P SmallCap 600. "Bath & Body Works is no longer representative of the large-cap market space," the stock market index provider said in a statement. The beauty chain operates 1,900 stores in the US and Canada, and 524 international franchised locations. 14 new stores internationally were opened during the last quarter. 19 stores were closed, predominantly in the United States. "Our international expansion plans for 2025 remain on track with at least 30 planned net new store openings," Heaf said in the call. Eva Boratto, chief financial officer, said Bath & Body Works' guidance for this fiscal year includes the anticipated impact of tariffs and the predicted financial effects of the CEO transition. The company has maintained its guidance for 2025 of 1% to 3% growth in net sales.
CNBC
16-05-2025
- Business
- CNBC
The bond market is running the show again. The key level to watch
It's the bond market's world, and equity investors just live in it. The 10-year Treasury note yield staged a big reversal this week, giving a boost to stocks. The benchmark rate spiked higher to start the week after the U.S. and China agreed to lower tariffs for 90 days. Midway through the week, though, some trepidation entered investor sentiment, as the 10-year hovered around the key 4.5% level. But the rate quickly fell back below that level on Thursday — helping the S & P 500 post a four-day winning streak. The yield fell again on Friday to around 4.39%. US10Y 1M bar 10-year U.S. yield in past month Investors going forward should keep an eye on the 10-year, especially if it tries to break back above 4.5%. "S & P 500 daily returns have started to meaningfully weaken when the 10-year Treasury yield has increased above 4.5% since 2021 (in this rate cycle)," wrote Tavis McCourt, institutional equity strategist at Raymond James. He pointed out that the S & P 500's annualized returns have dropped to just 1% when the 10-year yield trades above 4.5%. That's compared to 10.4% with a yield below 4.4%. When the 10-year yield trades under 4.3%, the S & P 500 averages a return of 19.6%. Returns for mid- and small-cap stocks are even worse when the 10-year yield tops 4.5%. On an annualized basis, the S & P Midcap 400 loses 16.6% on average under such high yields, while the S & P Small Cap 600 loses 18.4%, McCourt pointed out. Elsewhere Friday morning on Wall Street, Loop Capital raised its price target on Meta Platforms to $888 from $695, implying more than 30% upside. "While our pre-quarter checks had pointed to resilience, our expectation that a drop in spending intensity from China-based advertisers would flatten revenue growth was a misread," analyst Rob Sanderson wrote in a Thursday note. "This large spending cohort has backed off (with some geographic reallocation) but AI-driven performance gains across the platform are more than an offset."
Yahoo
14-05-2025
- Business
- Yahoo
MDU Resources Announces Quarterly Dividend on Common Stock
BISMARCK, N.D., May 14, 2025 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors today declared a quarterly dividend on the company's common stock of 13 cents per share, unchanged from the previous quarter. The dividend is payable on July 1, 2025 to stockholders of record as of June 12, 2025. About MDU Resources Group, Resources Group, Inc., a member of the S&P SmallCap 600 index, delivers safe, reliable, affordable and environmentally responsible electric utility and natural gas distribution services to more than 1.2 million customers across the Pacific Northwest and Midwest. In addition to its utility operations, the company's pipeline business operates a more than 3,800-mile natural gas pipeline network and storage system, ensuring reliable energy delivery across the Northern Plains. With a legacy spanning over a century, MDU Resources remains focused on energizing lives for a better tomorrow. For more information about MDU Resources, visit or contact the investor relations department at investor@ Investor Contact: Brent Miller, treasurer, 701-530-1730 Media Contact: Byron Pfordte, director of integrated communications, 208-377-6050 View original content to download multimedia: SOURCE MDU Resources Group, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-04-2025
- Business
- Yahoo
SPDR Portfolio S&P 1500 Composite Stock Market ETF: What Do You Get When You Buy "Everything"?
Warren Buffett's best advice for the average investor is to just buy "the market." He has singled out the S&P 500 index as a good choice for this approach, and an S&P 500 ETF wouldn't be a bad choice, but it also isn't "the market." A more comprehensive option would be the SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEMKT: SPTM). Here's why. The S&P 500 index is fairly well structured. As its name implies, it owns around 500 stocks (although corporate events can change the number over the short term). Those stocks are selected by a committee so that they are broadly representative of the U.S. economy. The largest and most important companies in an industry tend to be the ones that get added to the S&P 500 index. The index constituents are weighted by market capitalization, so the largest companies in the index have the most impact on its performance. There are negative aspects about the structure of the S&P 500 index, too. For example, market cap weighting often leads to the index being heavily influenced by hot sectors. When sentiment turns negative that can lead to swift drawdowns. That's been on display recently with the market sell-off. However, the index weightings rebalance over time and new sectors rise to the top. All in, the S&P 500 index is a solid suggestion, which is why Warren Buffett guides investors toward this option. That said, the S&P 500 index leaves out a lot of stocks because of its focus on large companies. Specifically, mid-cap and small-cap stocks aren't represented and there are a lot more of those companies than large caps. There are a couple of reasons you might want to add mid-cap and small-cap stocks to the mix. For starters, more stocks means more diversification. You'll also get exposure to companies that have potentially larger growth opportunities given their relatively small sizes. If you like the concept of the S&P 500 index, but want to have broader exposure to "the market," you should look at the SPDR Portfolio S&P 1500 Composite Stock Market ETF. This ETF is actually three indexes in one. The portfolio includes all of the S&P 500 index stocks along with the stocks included in the S&P Midcap 400 index and the S&P Small Cap 600 index. That truly covers the broadest possible spectrum of the market, with a very modest expense ratio of just 0.03%. What's most notable, however, is that the S&P Midcap 400 index and the S&P Small Cap 600 index are constructed in a similar manner to the S&P 500 index. Specifically, a committee oversees the companies that get added to the respective lists. If you like the idea of a little human intervention to weed out obviously troubled businesses, the SPDR Portfolio S&P 1500 Composite Stock Market ETF has you covered. And since the index is market cap weighted, the stocks in the S&P 500 will still have the biggest impact on overall performance. All in, you increase diversification without losing much on the performance side of the equation. Owning the SPDR Portfolio S&P 1500 Composite Stock Market ETF has been a far better option than simply buying small-cap or mid-cap indexes. Yes, you could do better with just the S&P 500 index, but you give up very little performance with the larger S&P 1500 Composite and materially increase diversification. All in, if you want to own "the market" as Warren Buffett has suggested, the SPDR Portfolio S&P 1500 Composite Stock Market ETF is one of the broadest options you have at your disposal. Notably, it comes with a healthy dose of human oversight for those who aren't comfortable leaving investing decisions to computers or blind fate. Before you buy stock in SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $495,226!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $679,900!* Now, it's worth noting Stock Advisor's total average return is 796% — a market-crushing outperformance compared to 155% 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 April 5, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. SPDR Portfolio S&P 1500 Composite Stock Market ETF: What Do You Get When You Buy "Everything"? was originally published by The Motley Fool
Yahoo
07-04-2025
- Business
- Yahoo
What Makes Reynolds Consumer Products (REYN) An Investment Bet?
Palm Valley Capital Management, an investment management firm, released the 'Palm Valley Capital Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, Palm Valley Capital Fund appreciated 0.57% compared to an 8.93% decline in the S&P SmallCap 600 and a 6.08% drop in the Morningstar Small Cap Total Return Index. Cash was 77.6% of Fund assets at the start of the quarter and 76.5% at the conclusion. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first quarter 2025 investor letter, Palm Valley Capital Fund emphasized stocks such as Reynolds Consumer Products Inc. (NASDAQ:REYN). Reynolds Consumer Products Inc. (NASDAQ:REYN) engages in the production and distribution of products in cooking, waste and storage, and tableware product categories. The one-month return of Reynolds Consumer Products Inc. (NASDAQ:REYN) was -6.50%, and its shares lost 18.58% of their value over the last 52 weeks. On April 4, 2025, Reynolds Consumer Products Inc. (NASDAQ:REYN) stock closed at $23.93 per share with a market capitalization of $4.85 billion. Palm Valley Capital Fund stated the following regarding Reynolds Consumer Products Inc. (NASDAQ:REYN) in its Q1 2025 investor letter: "We started four new positions in the first quarter: Forrester Research (ticker: FORR), Monro (ticker: MNRO), Reynolds Consumer Products Inc. (NASDAQ:REYN, and Flowers Foods (ticker: FLO). Each of these is a relatively small weighting in the Fund. Reynolds Consumer Products owns the iconic Reynolds Wrap and Hefty brands. Its cooking, cleanup, and storage products are present in 95% of U.S. households and generally hold the #1 or #2 market share. Consistent demand leads to stable results, although raw materials costs create some volatility. We view Reynolds as a high quality business that rarely has traded for a reasonable valuation. Due to the business's stability, it can accommodate leverage. We believe the company's borrowings are very manageable in comparison to its cash flow. Like any authentic money manager, we eat our own cooking, and with a stake in Reynolds, stocking up on supplies for our tin foil hats serves a dual purpose!" Rows of shelves stocked with containers for consumer goods, showing the broadness of the company's selection. eynolds Consumer Products Inc. (NASDAQ:REYN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held Reynolds Consumer Products Inc. (NASDAQ:REYN) at the end of the fourth quarter compared to 21 in the third quarter. In the fiscal year 2024, Reynolds Consumer Products Inc. (NASDAQ:REYN) reported net revenues of $3.695 billion which exceeded its initial guidance. While we acknowledge the potential of Reynolds Consumer Products Inc. (NASDAQ:REYN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Reynolds Consumer Products Inc. (NASDAQ:REYN) in another article, where we shared The London Company SMID Cap Strategy's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
