06 March Watchlist đź‘€

 

Today we are watching…

1. Campbell Soup (#campbl)

Bunged up and bed-ridden consumers are stocking up on shelf-stable foods like warm soup to get them through this winter. Broader market sell-offs dragged down shares in the Campbell Soup company before investors realized what an unexpected tailwind the coronavirus could be. According to CEO Mark Clouse, demand has been through the roof and his company is pulling out every stop to brew up more of the hot stuff. The company is also working around supply chain interruptions for Goldfish crackers and Milano cookies. “We’ve maximized our inventory to be prepared for what unfolds here!”

2. General Motors (#gm)

General Motors’ stock price is lagging Tesla’s pretty badly, but CEO Mary Barra tried to make the case yesterday why her automotive giant isn’t really that far behind. In Detroit, she unveiled everything from affordable compact cars to full-size pickups, all battery-electric powered. She’s holding out hope for car sales in China over the long-term, and said “we want to get as many electric vehicles on the roads as possible.” Twenty models are due by 2023, so if this doesn’t budge market sentiment, nothing will!

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