5 June Watchlist 👀

 

Today we are watching…

1.  Kraft Heinz (#kheinz)

It’s redemption time for Kraft Heinz, the food services giant and one of Warren Buffett’s picks. Results last quarter were a shocker. This quarter, the company will want to put flat sales behind it and answer back strongly. Profit expectations sit at $0.60 per share on $6.08 billion in revenue. If it can deliver, some breathing space could emerge between the stock price and its 52-week lows.

2. Campbell Soup (#campbl)

Campbell Soup sold tray upon tray of hot bites last quarter. Now, as warmer weather moves in, investors are pulling back their expectations. The rising costs of transportation and logistics are certainly threats, but the company rarely misses its estimates. Analysts have baked these factors into their $0.47 per share profit projections on $2.36 billion of revenue. Heads up, they might just do it.

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