Campbell Soup Stock (NYSE:CPB), Trade Ideas

Campbell Soup

Over the past 150-plus years, Campbell Soup has evolved into a leading packaged food manufacturer in North America, with a portfolio that extends beyond its iconic red-and-white labeled canned soup. In fiscal 2023, snacks accounted for half of its revenue (50%), followed by soup (29%), other simple meals (13%), and beverages (8%). Outside its namesake, its brands include Pepperidge Farm, Goldfish, Snyder's of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and recently acquired Rao's (closed in March 2024). Nearly 90% of its revenue results from the US and the remainder from Canada and Latin America.

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Campbell Soup Company (NYSE: CPB) continues to demonstrate resilience amid a difficult consumer landscape, driven by a robust supply chain, successful innovations and effective marketing programs.


Campbell Soup (CPB) Showcases Resilience on Brand Strength

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The CNN Money Fear and Greed index showed a slight improvement in overall market sentiment on Wednesday, but it remained in the &#34;Greed&#34; zone.

Investor Sentiment Improves Slightly, US Stocks Record Gains

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Intraday Update

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U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 100 points on Wednesday.

The Dow traded up 0.20% to 38,662.69 while the NASDAQ rose 0.64% to 16,041.08. The S&amp;P 500 also rose, gaining, 0.53% to 5,105.72.

Nasdaq Gains 100 Points; Campbell Soup Earnings Top Views

Campbell Soup Co

Central Plains Bancshares, Inc. - Common Stock

Central Plains Bancshares Inc

ALS Ltd

Campbell Soup Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpb#NYSE">CPB</a>) continues to demonstrate resilience amid a difficult consumer landscape, driven by a robust supply chain, successful innovations and effective marketing programs. 
The company&#39;s savings plan has also been adding to its success story. Through the second quarter of fiscal 2024, the company generated $915 million in savings under its multi-year cost-saving program, including Snyder&#39;s-Lance synergies. Management remains on track to deliver savings worth $1 billion by the fiscal 2025-end.
<h3>What&#39;s Working Well for CPB?</h3>
Campbell Soup is well-positioned to capitalize on various opportunities within its portfolio to align with evolving consumer trends. The company&#39;s strategies and plans are focused on three key areas, which include ensuring product affordability and maintaining competitive pricing within the boundaries of margin goals; sustaining marketing and innovation initiatives; and adhering to a disciplined and balanced spending approach with a focus on high return on investment and impactful plans. 
The ongoing momentum, coupled with the acquisition of Sovos Brands (concluded in Mar 2024), positions Campbell Soup for accelerated growth, solidifying its position in the food industry. This acquisition is a significant step for Campbell as it enhances its Meals &amp; Beverages portfolio with high-growth brands like Rao&#39;s sauce, Michael Angelo&#39;s and noosa. Sovos Brands brings a range of premium products to Campbell, including pasta sauces, dry pasta, soups, frozen entr&eacute;es, frozen pizza and yogurts.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9c/64397.jpg?v=84916248" /> 
Image Source: Zacks Investment Research
Moving on, Campbell Soup has been benefiting from its Snacks business, which formed 43.7% of total sales in the second quarter of fiscal 2024. Net sales in the division rose 1% on an organic basis during the quarter, attributed to sales of eight power brands, which rose 4%. Despite a tough economic landscape, sales grew fueled by strength in brands like Goldfish, Lance, Kettle Brand and Cape Cod. 
Management&#39;s direct store delivery (DSD) transformation initiative is expected to fuel further growth and margins in the Snacks division. This is expected to be achieved through three core elements, including the creation of one snacking DSD logistics and warehouse network, the modernization of tools and technology used by the company&#39;s important independent distribution partners and a focus on DSD routes.
<h3>What Else to Know?</h3>
Campbell Soup has been navigating a volatile consumer landscape. In second-quarter fiscal 2024, the top line declined 1% year over year. Organic net sales also declined 1% due to the soft volume/mix (down 2% year over year), somewhat offset by net price realization (up 1%). Macroeconomic headwinds are likely to continue affecting certain categories and consumer demographics in the near term. 
For fiscal 2024, the company expects net sales growth between a 0.5% decline and an increase of 1.5%. Organic sales growth is likely to come between flat and an increase of 2%. On its second-quarter earnings call, management stated that the company was pacing toward the lower end of the fiscal 2024 net sales view, with expectations to witness a sequential improvement throughout the year. For the third quarter, management expects a flat to low-single-digit increase in organic sales, with a continued sequential increase anticipated in the fourth quarter. 
Apart from this, Campbell Soup has been witnessing cost inflation for a while and expects core inflation to stay within the low-single-digit range in fiscal 2024. Management expects to continue brand-related investments in fiscal 2024. It envisions marketing and selling expenses to range between 9 and 10% as a percent of net sales in fiscal 2024, with more spending anticipated in the third quarter compared with the fourth quarter. 
That said, the company expects earnings and margin improvements in the second half of fiscal 2024, mainly in the fourth quarter. This reflects a moderating inflationary landscape, together with ongoing productivity enhancements and improving volume trends.
For fiscal 2024, adjusted EBIT is forecasted to be up 3-5%. Adjusted EPS is envisioned to increase 3-5% to the $3.09-$3.15 band. In the third quarter, it expects the adjusted EPS to come in the low 70 cents range compared with the year-ago period figure of 68 cents. 
Shares of the Zacks Rank #3 (Hold) company have rallied 11.5% in the past six months compared with the industry&#39;s growth of 15.3%.
<h3>3 Appetizing Bets</h3>
The Chef&#39;s Warehouse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), which engages in the distribution of specialty food products, currently carries a Zacks Rank #2 (Buy). CHEF has a trailing four-quarter earnings surprise of 3.2%, on average. 
The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal-year sales and earnings suggests growth of 8.7% and 4.7%, respectively, from the year-ago reported numbers. 
Vital Farms Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2. VITL has a trailing four-quarter average earnings surprise of 155.4%. 
The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings suggests growth of 18.6% and 35.6%, respectively, from the year-ago reported numbers. 
Utz Brands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/utz#NYSE">UTZ</a>) manufactures a diverse portfolio of salty snacks and currently carries a Zacks Rank #2. UTZ has a trailing four-quarter earnings surprise of 2.6%, on average. 
The Zacks Consensus Estimate for Utz Brands&#39; current financial-year earnings suggests growth of 17.5% from the year-ago reported numbers.
<a href="https://www.zacks.com/stock/news/2251312/campbell-soup-cpb-showcases-resilience-on-brand-strength?cid=CS-BENZ-FT-analyst_blog|rank_focused-2251312">To read this article on Zacks.com click here.</a>

Piper Sandler analyst Michael Lavery maintains Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) with a Neutral and maintains $47 price target.

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Piper Sandler Maintains Neutral on Campbell Soup, Maintains $47 Price Target

Campbell Soup's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) short percent of float has fallen 4.09% since its last report. The company recently reported that it has 13.45 million shares sold short, which is 7.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Campbell Soup Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711026018_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Campbell Soup has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Campbell Soup's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Campbell Soup's peer group average for short interest as a percentage of float is 3.93%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Campbell Soup's Recent Short Interest

RBC Capital analyst Nik Modi reiterates Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) with a Sector Perform and maintains $47 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Campbell Soup, Maintains $47 Price Target

Evercore ISI Group analyst David Palmer reinstates Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) with a In-Line and announces $49 price target.

Initiation

Evercore ISI Group Reinstates In-Line on Campbell Soup, Announces $49 Price Target

DA Davidson analyst Brian Holland maintains Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) with a Buy and lowers the price target from $48 to $47.

DA Davidson Maintains Buy on Campbell Soup, Lowers Price Target to $47

Stifel analyst Matthew Smith reiterates Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) with a Hold and maintains $45 price target.

Stifel Reiterates Hold on Campbell Soup, Maintains $45 Price Target

The CNN Money Fear and Greed index showed a slight improvement in overall market sentiment on Wednesday, but it remained in the &quot;Greed&quot; zone.
U.S. stocks closed higher on Wednesday after the three major indices recorded losses for two straight days. Fed Chair Jerome Powell reiterated Wednesday that he would like to have more confidence in inflation moving back sustainably toward the Fed&rsquo;s 2% target before unleashing policy easing down the road.
Campbell Soup Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpb#NYSE">CPB</a>) reported better-than-expected earnings for its second quarter. Foot Locker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fl#NYSE">FL</a>) shares dipped over 29% on Wednesday after reporting fourth-quarter results.
On the economic data front, private businesses in the U.S. added 140,000 jobs in February compared to revised 111,000 gains in January, versus market estimates of 150,000. The number of job openings fell by 26,000 from the prior month to 8,863 million in January, while U.S. wholesale inventories declined by 0.3% month-over-month in January.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, utilities, and consumer staples stocks recording the biggest gains on Wednesday. However, communication services and consumer discretionary stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by over 75 points to 38,661.05 on Wednesday. The S&amp;P 500 rose 0.51% at 5,104.76, while the Nasdaq Composite rose 0.58% at 16,031.54 during Wednesday&rsquo;s session.
Investors are awaiting earnings results from The Kroger Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>), Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>), Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) and Ciena Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cien#NYSE">CIEN</a>) today.
At a current reading of 73.9, the index remained in the &quot;Greed&quot; zone on Wednesday, versus a prior reading of 73.5.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Read Next: <a href="https://www.benzinga.com/news/24/03/37481565/top-5-materials-stocks-that-are-ticking-portfolio-bombs"> Top 5 Materials Stocks That Are Ticking Portfolio Bombs </a>
&nbsp;

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 100 points on Wednesday.
The Dow traded up 0.20% to 38,662.69 while the NASDAQ rose 0.64% to 16,041.08. The S&amp;P 500 also rose, gaining, 0.53% to 5,105.72.
Check This Out: <a href="https://www.benzinga.com/news/24/03/37507120/emerson-electric-to-rally-more-than-19-here-are-10-top-analyst-forecasts-for-wednesday"> Emerson Electric To Rally More Than 19%? Here Are 10 Top Analyst Forecasts For Wednesday </a>
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<h3>Leading and Lagging Sectors</h3>
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Information technology shares jumped by 1.1% on Wednesday.
In trading on Wednesday, consumer discretionary shares fell 0.3%.
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<h3>Top Headline</h3>
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Campbell Soup Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpb#NYSE">CPB</a>) reported better-than-expected earnings for its second quarter.
The company posted a second-quarter FY24 decline of 1.2% year-on-year to $2.46 billion, beating the analyst consensus estimate of $2.44 billion. Adjusted EPS of 80 cents beat the consensus estimate of 77 cents.
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<h3>Equities Trading UP</h3>
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Aptorum Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apm#NASDAQ">APM</a>) shares shot up 595% to $11.60 after the company announced it entered into an agreement and plan of merger with YOOV and also announced a spin-off agreement to separate its legacy business.
Shares of TRxADE HEALTH, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meds#NASDAQ">MEDS</a>) got a boost, surging 112% to $17.06 after the company announced a special cash dividend of $8 per share.
Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) shares were also up, gaining 77% to $3.4799 after the company issued a press release highlighting the previously-announced first commercial installation of its AI-driven Main Line Systems in a national railways line.
<h3>
Equities Trading DOWN</h3>
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Entravision Communications Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evc#NYSE">EVC</a>) shares dropped 51% to $1.7398 after the company received communication from Meta indicating its intention to wind down its ASP program globally, ending its relationship with all ASPs, including Entravision, by July 1. The ASP program represented a large portion of Entravision&#39;s total consolidated revenue.
Shares of Neptune Wellness Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nept#NASDAQ">NEPT</a>) were down 47% to $0.1970. Neptune announced decision of Nasdaq Hearings Panel to delist common shares.
bioAffinity Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biaf#NASDAQ">BIAF</a>) was down, falling 50% to $1.51 after the company announced pricing of a $2.5 million registered direct offering and a concurrent private placement.
Also Check This Out:<a href="https://www.benzinga.com/news/24/03/37507189/ciena-autonation-and-2-other-stocks-insiders-are-selling"> Ciena, AutoNation And 2 Other Stocks Insiders Are Selling </a>
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<h3>Commodities</h3>
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In commodity news, oil traded up 1.7% to $79.45 while gold traded up 0.8% at $2,158.60.
Silver traded rose 2.1% to $24.49 on Wednesday while copper rose 0.7% to $3.8745.
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<h3>Euro zone</h3>
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European shares closed higher today. The eurozone&rsquo;s STOXX 600 rose 0.39%, London&rsquo;s FTSE 100 rose 0.43% while Spain&rsquo;s IBEX 35 Index rose 0.79% The German DAX gained 0.10% French CAC 40 rose 0.28% while Italy&rsquo;s FTSE MIB Index rose 0.66%.
The S&amp;P Global UK construction PMI climbed to 49.7 in February from January&rsquo;s reading of 48.8. The S&amp;P Global France construction PMI climbed to 41.9 in February versus a three-year low level of 39.6 in January.
The HCOB Eurozone construction PM increased to 42.9 in February from 41.3 in the prior month. The HCOB Germany construction PMI rose to 39.1 in February, notching the highest reading in five months, while German trade surplus widened to EUR 27.5 billion in January versus a revised EUR 23.3 billion surplus in the prior month.
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<h3>Asia Pacific Markets</h3>
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Asian markets closed mixed on Wednesday, with Japan&rsquo;s Nikkei 225 falling 0.02%, Hong Kong&rsquo;s Hang Seng Index gaining 1.70%, China&rsquo;s Shanghai Composite Index falling 0.26% and India&rsquo;s S&amp;P BSE Sensex gaining 0.54%.
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<h3>Economics</h3>
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U.S. mortgage applications climbed by 9.7% in the week ending March 1, 2024.
Private businesses in the U.S. added 140,000 jobs in February compared to revised 111,000 gains in January, and versus market estimates of 150,000.
U.S. wholesale inventories declined by 0.3% month-over-month in January compared to a 0.4% rise in the prior month.
The number of job openings fell by 26,000 from the prior month to 8,863 million in January.
The RealClearMarkets/TIPP Economic Optimism Index dipped to 43.5 in March versus 44 in January.
U.S. crude oil inventories climbed by 1.367 million barrels in the week ended March 1, 2024, compared to market estimates of a 2.116 million surge.
Now Read This: <a href="https://www.benzinga.com/news/24/03/37506315/wall-streets-most-accurate-analysts-views-on-3-tech-and-telecom-stocks-with-over-5-dividend-yields"> Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Tech And Telecom Stocks With Over 5% Dividend Yields </a>
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Markets rallied across the board on Wednesday, erasing the uptick in volatility seen in the previous session, following reassurances from Fed Chair Jerome Powell regarding the Fed&#8217;s willingness to ease monetary policy in 2024 if inflation consistently moves <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37514990/powell-stresses-need-for-more-data-before-considering-rate-cuts-downplays-recession-commer">toward the 2% target.</a>
On Wall Street, all indices saw gains in midday trading, with the tech-heavy Nasdaq 100 leading the way, up by 1.2%, outperforming both the S&amp;P 500, which rose by 0.8%, and the Dow Jones, which saw a 0.6% increase. Each of the eleven sectors comprising the S&amp;P 500 reported gains, indicating a widespread rally in the stock market.
Small-cap stocks also saw notable gains, with the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) up by 1%, poised to recover losses from Tuesday.
Among the standout performers within the Magnificent Seven, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) once again led the pack, up by over 3%, fueled by a broader surge in the semiconductor industry.
Moreover, the bullish sentiment spilled over into other asset classes, with bonds, commodities, and cryptocurrencies all benefiting from the decline in the greenback and Treasury yields.
Gold, represented by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), surged by 0.8%, surpassing the $2,150/oz mark and marking new all-time highs. West Texas Intermediate (WTI) crude rose by 2.4% to $80 per barrel, reaching the highest level in four months, following EIA data revealing a lower-than-expected surge in weekly inventories.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reclaimed $67,000, bouncing back following a drop to $60,000 on Tuesday shortly after reaching record highs.
<h2 class="wp-block-heading">Wednesday&#8217;s Performance In US Major Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,103.90</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,073.72</td>
<td>1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,121.78</td>
<td>0.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,776.17</td>
<td>0.5%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.8% to $511.45, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) surged 0.5% to $388.19 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.2% to $441.15, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
The&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), was the top performer, up by 1.4%, while the&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) slightly lagged behind, up by 0.2%.&nbsp;
<h2 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h2>
<ul>
<li>CrowdStrike Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) rose over 13% after the company reported better-than-<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37514294/crowdstrike-shares-explode-on-q4-earnings-12-analysts-revise-their-forecasts#:~:text=Analyst%20Matthew%20Hedberg%20reiterated%20an,FCF%20margin%2C%E2%80%9D%20Hedberg%20said.">expected results last quarter. </a></li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) rallied nearly 12% after winning a prime contract worth $178.4 million from the U.S. Army for developing and delivering the&nbsp;<a href="https://www.benzinga.com/pressreleases/24/03/b37505420/army-selects-palantir-to-deliver-titan-next-generation-deep-sensing-capability-in-prototype-matura" target="_blank" rel="noreferrer noopener">Tactical Intelligence Targeting Access Node (TITAN) ground station system</a> </li>
<li>New York Community Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) plummeted by 42% after news surfaced that the troubled regional bank is pursuing equity capital raising.</li>
<li>Despite surpassing earnings forecasts, Nordstrom Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) experienced a decline of over 15% as it disclosed weaker-than-anticipated guidance for 2024. In a similar fashion, Foot Locker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) fell 30%. </li>
<li>Other companies reacting to earnings are Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>), down about 1%, Campbell Soup Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>), down by 0.3%, United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>), down 15%, Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), down 6%. </li>
<li>DexCom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) rose 9% after the FDA approved Stelo Glucose Biosensor System as the first over-the-counter (OTC)&nbsp;continuous glucose monitor (CGM).&nbsp;</li>
<li>Entravision Communications Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVC#NYSE">EVC</a>)&nbsp;tumbled by over 50% after the company received communication from&nbsp;Meta Platforms Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) that it intends to&nbsp;wind down its authorized sales partner (ASPs) program.</li>
<li>Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is due to report after the close.</li>
</ul>
Now Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37514990/powell-stresses-need-for-more-data-before-considering-rate-cuts-downplays-recession-commer">Powell Stresses Need For &#8216;More Data&#8217; Before Considering Rate Cuts, Downplays Recession, Commercial Real Estate Risks</a>
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Stocks Surge, Gold Hits New All-Time High, Bitcoin Reclaims $67,000 As Powell Reassures Wall Street: What's Driving Markets Wednesday?

Campbell Soup Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) reported a second-quarter FY24 decline of 1.2% year-on-year to $2.46 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37506155/campbell-reports-second-quarter-fiscal-2024-results" rel="noreferrer noopener">beating the analyst consensus estimate of $2.44 billion</a>.
Net sales from the Meals &amp; Beverages segment, both reported and organic, decreased 2%, and the Snacks segment was flat.
Gross margin expanded 110 basis points Y/Y to 31.6%. Adjusted EBIT of $364 million increased by 1% Y/Y.
Total costs and expenses increased 0.8% to $2.139 billion. Adjusted EPS of $0.80 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the consensus estimate of $0.77.</a>
The company held $169 million in cash and equivalents as of January 28, 2024. Operating cash flow for six months totaled $684 million.
&#8220;We are excited about the anticipated completion of the acquisition of Sovos Brands which will bring incremental growth to our Meals &amp; Beverages division and continue the transformation of our highly advantaged portfolio,&#8221; said President and CEO Mark Clouse.
Outlook: Campbell reaffirms FY24 adjusted EPS outlook of $3.09-$3.15<a href="https://www.benzinga.com/calendars/guidance"> versus the consensus of $3.07.</a>
The company continues to see FY24 sales of $9.31 billion &#8211; $9.497 billion versus an estimate of $9.37 billion.
Price Action: CPB shares are trading higher by 2.68% at $44.10 on the last check Wednesday.
Photo via Wikimedia Commons

Guidance

Movers

General

Why Is Campbell Soup Stock Ticking Higher Today?

The full-year fiscal 2024 guidance is set forth in the table below:
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
FY2023
			Results
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
FY2024
			Guidance
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
($ in millions, except per share)
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net Sales
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$9,357
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
(0.5)% to +1.5%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Organic Net Sales1
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$9,306&#x2A;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
0% to +2%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EBIT2
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$1,367&#x2A;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
+3% to +5%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EPS2
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$3.00&#x2A;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
+3% to +5%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$3.09 to $3.15
</td>
</tr>
</tbody>
</table>

Campbell Soup Affirms FY2024 Adj EPS Guidance Of $3.09-3.15 vs $3.07 Est; Sales Guidance Of $9.31B-9.50B vs $9.37B Est

Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.77 by 3.9 percent. This is unchanged from the same period last year. The company reported quarterly sales of $2.46 billion which beat the analyst consensus estimate of $2.44 billion by 0.66 percent. This is a 1.17 percent decrease over sales of $2.48 billion the same period last year.

Campbell Soup Q2 Adj. EPS $0.80 Beats $0.77 Estimate, Sales $2.46B Beat $2.44B Estimate

U.S. stocks are on track to rebound on Wednesday after <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37464820/stocks-stall-magnificent-7-crack-as-apple-tesla-and-google-face-headwinds-bitcoin-g" target="_blank" rel="noreferrer noopener">experiencing a pullback</a> in the previous two sessions. Pent-up buying could lift heavily weighted tech stocks and, consequently, the broader market. However, several factors will influence the market&#8217;s direction.
Investors will closely watch Federal Reserve Chair&nbsp;Jerome Powell&#8216;s comments on inflation and potential monetary policy adjustments in a testimony to the House of Representatives. While a significant shift in stance is unlikely, any deviation from his recent hawkish tone could impact markets.
Upcoming data releases on the job market could offer insights into the economy&#8217;s health and potentially influence the Fed&#8217;s monetary policy decisions.
While the Super Tuesday primary results largely met expectations and may not significantly alter Wednesday&#8217;s market outlook, they remain a potential factor to watch.
Some portfolio managers view the recent pullback as a positive development. &#8220;As much as profit-taking when at all-time highs is rational, the huge amount of the money on the sidelines likely has been waiting for a pullback to add to their exposure,&#8221; said&nbsp;Louis Navellier.
Cues From Tuesday&#8217;s Session:
Dragged by weakness in most mega-tap tech stocks, the major averages fell sharply on Tuesday. The setback came amid nervousness about the overbought levels, especially as traders looked ahead to some key Main Street catalysts. 
The major indices opened lower and languished below the unchanged line throughout the session. While the S&amp;P 500 Index and the Dow Jones Industrial Average settled at two-week lows, the Nasdaq Composite pulled back toward its lowest in a week.
Among S&amp;P sector classes, IT stocks experienced the biggest declines followed by consumer discretionary, real estate and communication services stocks. On the other hand, consumer staple, energy and financial stocks rose modestly.
Economic data released on Tuesday vouched for the softening of economic conditions. The Institute of Supply Management&#8217;s non-manufacturing survey showed a smaller-than-expected expansion for February. The pricing component of the survey also showed tamer inflationary pressure. Factory goods orders came in worse than expected in January.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.65%</td>
<td>15,939.59</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-1.02%</td>
<td>5,078.65</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.04%</td>
<td>38,585.19</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.99%</td>
<td>2,053.71</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
Comerica Chief Investment Officer John Lynch sees the strong equity trends seen so far this year as a harbinger of better things to come. &#8220;A review of fast starts in both January and February since 1970 showed the S&amp;P 500 Index tends to maintain strength over the remainder of that calendar year, as well as over the ensuing twelve months,&#8221; he said.
The equity market rally this year has been predicated on the optimism around AI and the firming up of corporate earnings, Lynch said. That said, the analyst cautioned of softness ahead. Presidential election years typically see volatility, with weakness likely between the primary season and heading into party conventions, he added.
&#8220;Nonetheless, we continue to view market fundamentals favorably, though we remain below consensus on corporate profitability,&#8221; the analyst said.
Futures Today Futures Performance On Wednesday ( as of 6 a.m. ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.71%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.34%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.16%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.52%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.34% to $508.91 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 0.70% to $439.12, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The ADP private payrolls report for February is due at 8:15 a.m. ET, with economists estimating job gains of 150,000, on average, up from 107,000 in January.
Powell begins his two-day semi-annual monetary policy testimony, with the Fed chair speaking before the House Financial Services Committee on Wednesday.
The Commerce Department is scheduled to release its business inventories report at 10 a.m. ET. The consensus estimate calls for a 0.1% month-over-month decline in business inventories for January following a 0.4% increase in December.
The Labor Department will release the results of the Job Openings &amp; Labor Turnover survey at 10 a.m. ET. Job openings may have edged from 9 million in December to 8.9 million in January.
The Energy Information Administration is scheduled to release its weekly petroleum status report at 10:30 a.m. ET.
San Francisco Fed President Mary Daly speaks will speak at noon ET followed by Minneapolis Fed President Neel Kashkari at 4:15 p.m. ET.
The Fed is due to release its Beige Book, which consists of anecdotal evidence of business conditions in the 12 Federal Reserve districts, at 2 p.m. ET.
See Also: <a href="https://www.benzinga.com/money/best-futures-brokers">Best Futures Brokers</a>
Stocks In Focus:
<ul>
<li>Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) fell over 9.6% in premarket trading in reaction to its quarterly results.</li>
<li>Other stocks moving on earnings are Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) (down about 4%) and CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) (up over 23.50%).</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), Campbell Soup Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>), Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) are among the major companies reporting their quarterly results before the market open. Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is due to report after the close.</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures rose 0.87% to $78.83 in early European session on Wednesday after the commodity fell 0.75% on Tuesday. The yield on the benchmark 10-year Treasury note rose 0.027 percentage points to 4.164%.
The Hong Kong market led the gains in Asia, as stocks in the region settled mostly higher. The Japanese market, which closed the previous session, at a record high ended nearly flat with a negative bias, while the Chinese, South Korean, and Malaysian markets ended modestly lower.
The European markets were modestly higher in early trading, with the Euro Stoxx 50 Index up 0.33%.
Gold futures traded down after ending higher for six straight sessions and the U.S. dollar weakened against most major currency pairs, except the Swiss franc. Cryptocurrencies extended the slide, with the apex crypto, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trading modestly lower.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37503548/apple-analysts-dissecting-iphone-makers-dark-chapter-pin-hope-on-one-thing-for-tide">Apple Analysts Dissecting iPhone Maker&#8217;s &#8216;Dark Chapter&#8217; Pin Hope On One Thing For Tide To Turn: &#8216;If Humanity Needs Devices In The Future&#8230;&#8217;</a>
Image generated using Midjourney AI

Futures

Previews

US Stock Futures Rise On Tech Strength While Bitcoin, Gold Rallies Fizzle: All Eyes On Fed Chair Powell's Congressional Testimony

<h3>Companies Reporting Before The Bell</h3>
&bull; CTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTS#NYSE">CTS</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $708.85 million.
&bull; Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is likely to report quarterly earnings at $0.32 per share on revenue of $2.28 billion.
&bull; JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) is likely to report quarterly earnings at $0.63 per share on revenue of $42.16 billion.
&bull; Super Group (SGHC) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $326.63 million.
&bull; Sotherly Hotels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHO#NASDAQ">SOHO</a>) is projected to report earnings for its fourth quarter.
&bull; Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) is estimated to report quarterly earnings at $0.67 per share on revenue of $2.27 billion.
&bull; Nexxen International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXN#NASDAQ">NEXN</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $86.80 million.
&bull; VersaBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBNK#NASDAQ">VBNK</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $22.43 million.
&bull; Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) is expected to report quarterly earnings at $2.83 per share on revenue of $1.43 billion.
&bull; Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $1.12 billion.
&bull; WAVE Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) is likely to report quarterly loss at $0.23 per share on revenue of $19.86 million.
&bull; Yatsen Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YSG#NYSE">YSG</a>) is projected to report earnings for its fourth quarter.
&bull; iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDIG#NASDAQ">SDIG</a>) is projected to report quarterly loss at $0.98 per share on revenue of $22.21 million.
&bull; InspireMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSPR#NASDAQ">NSPR</a>) is expected to report quarterly loss at $0.19 per share on revenue of $1.63 million.
&bull; Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is estimated to report quarterly earnings at $0.99 per share on revenue of $658.50 million.
&bull; Kamada (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KMDA#NASDAQ">KMDA</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $37.71 million.
&bull; PureCycle Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCT#NASDAQ">PCT</a>) is projected to report quarterly loss at $0.23 per share on revenue of $180 thousand.
&bull; Xeris Biopharma Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XERS#NASDAQ">XERS</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $43.55 million.
&bull; Genius Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>) is expected to report quarterly loss at $0.07 per share on revenue of $126.13 million.
&bull; Adaptimmune Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADAP#NASDAQ">ADAP</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $20.47 million.
&bull; NeueHealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEUE#NYSE">NEUE</a>) is estimated to report quarterly loss at $4.16 per share on revenue of $283.44 million.
&bull; Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $2.44 billion.
&bull; EVgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) is projected to report quarterly loss at $0.18 per share on revenue of $44.03 million.
&bull; Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) is estimated to report quarterly loss at $2.01 per share on revenue of $55.25 million.
&bull; BrainsWay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWAY#NASDAQ">BWAY</a>) is expected to report quarterly loss at $0.01 per share on revenue of $8.42 million.
&bull; Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) is estimated to report quarterly loss at $0.40 per share on revenue of $1.75 million.
&bull; European Wax Center (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $54.08 million.
&bull; REV Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REVG#NYSE">REVG</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $579.42 million.
&bull; United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) is likely to report quarterly loss at $0.01 per share on revenue of $7.87 billion.
&bull; Berry Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRY#NASDAQ">BRY</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $182.37 million.
&bull; Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is estimated to report earnings for its third quarter.
&bull; Trinity Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIN#NASDAQ">TRIN</a>) is estimated to report quarterly earnings at $0.54 per share on revenue of $46.42 million.
&bull; Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) is expected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $144.29 million.
&bull; Emergent BioSolutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) is estimated to report quarterly loss at $0.19 per share on revenue of $293.53 million.
&bull; Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $261.00 million.
&bull; Inovio Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INO#NASDAQ">INO</a>) is estimated to report quarterly loss at $1.27 per share on revenue of $340 thousand.
&bull; Companhia Siderurgica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SID#NYSE">SID</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $2.32 billion.
&bull; Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $44.09 million.
&bull; TDCX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDCX#NYSE">TDCX</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $121.92 million.
&bull; Vermilion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VET#NYSE">VET</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $440.69 million.
&bull; VSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSEC#NASDAQ">VSEC</a>) is expected to report quarterly earnings at $0.75 per share on revenue of $234.91 million.
&bull; Victoria&#39;s Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is projected to report quarterly earnings at $2.47 per share on revenue of $2.09 billion.
&bull; SandRidge Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SD#NYSE">SD</a>) is likely to report earnings for its fourth quarter.
&bull; CPS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSH#NASDAQ">CPSH</a>) is projected to report earnings for its fourth quarter.
&bull; Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) is expected to report quarterly loss at $0.23 per share on revenue of $61.45 million.
&bull; KLX Energy Services Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLXE#NASDAQ">KLXE</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $212.97 million.
&bull; Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) is likely to report quarterly loss at $0.16 per share on revenue of $59.49 million.
&bull; GEN Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GENK#NASDAQ">GENK</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $43.95 million.
&bull; MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $174.28 million.
&bull; IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) is projected to report earnings for its second quarter.
&bull; FRP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPH#NASDAQ">FRPH</a>) is projected to report earnings for its fourth quarter.
&bull; Global Water Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWRS#NASDAQ">GWRS</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $12.00 million.
&bull; NeoGames (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGMS#NASDAQ">NGMS</a>) is projected to report quarterly loss at $0.07 per share on revenue of $54.53 million.
&bull; Hamilton Beach Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBB#NYSE">HBB</a>) is estimated to report earnings for its fourth quarter.
&bull; Amplify Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPY#NYSE">AMPY</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $76.22 million.
&bull; Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) is likely to report quarterly loss at $0.09 per share on revenue of $421.19 million.
&bull; Talphera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLPH#NASDAQ">TLPH</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $280 thousand.
&bull; Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) is expected to report quarterly loss at $0.12 per share on revenue of $70 thousand.
&bull; HighPeak Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPK#NASDAQ">HPK</a>) is expected to report quarterly earnings at $0.65 per share on revenue of $339.52 million.
&bull; BRC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRCC#NYSE">BRCC</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $123.75 million.
&bull; MDxHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDXH#NASDAQ">MDXH</a>) is likely to report quarterly loss at $0.11 per share on revenue of $18.14 million.
&bull; NACCO Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NC#NYSE">NC</a>) is estimated to report earnings for its fourth quarter.
&bull; Enhabit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHAB#NYSE">EHAB</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $260.16 million.
&bull; Intrepid Potash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $43.57 million.
&bull; OneSpan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $58.26 million.
&bull; Honest Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NASDAQ">HNST</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $84.14 million.
&bull; SilverCrest Metals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SILV#AMEX">SILV</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $44.09 million.
&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $7.93 million.
&bull; comScore (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCOR#NASDAQ">SCOR</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $97.69 million.
&bull; Viemed Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMD#NASDAQ">VMD</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $50.00 million.
&bull; Kewaunee Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KEQU#NASDAQ">KEQU</a>) is projected to report earnings for its third quarter.
&bull; ChromaDex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXC#NASDAQ">CDXC</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $20.98 million.
&bull; Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) is projected to report earnings for its fourth quarter.
&bull; Aris Water Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARIS#NYSE">ARIS</a>) is estimated to report earnings for its fourth quarter.
&bull; OrthoPediatrics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIDS#NASDAQ">KIDS</a>) is expected to report quarterly loss at $0.28 per share on revenue of $37.73 million.
&bull; Invesco National AMT-Free Municipal Bond ETFo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PZA#NYSE">PZA</a>) is estimated to report earnings for its fourth quarter.
&bull; Hudson Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDSN#NASDAQ">HDSN</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $40.28 million.
&bull; Stabilis Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNG#NASDAQ">SLNG</a>) is projected to report earnings for its fourth quarter.
&bull; Airgain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRG#NASDAQ">AIRG</a>) is projected to report quarterly loss at $0.20 per share on revenue of $10.00 million.
&bull; Finance of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOA#NYSE">FOA</a>) is projected to report quarterly loss at $0.08 per share on revenue of $63.22 million.
&bull; Yext (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $100.24 million.
&bull; TriplePoint Venture Gwth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPVG#NYSE">TPVG</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $33.13 million.
&bull; CompoSecure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $96.49 million.
&bull; Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>) is expected to report quarterly earnings at $0.29 per share on revenue of $222.52 million.
&bull; Cyber Hornet S&amp;P 500 and Bitcoin 75/25 Strategy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZZZ#NASDAQ">ZZZ</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $247.43 million.
&bull; Ellington Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EARN#NYSE">EARN</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $2.46 million.
&bull; Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) is expected to report quarterly loss at $0.72 per share on revenue of $29.34 million.
&bull; Lulus Fashion Lounge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $73.40 million.
&bull; Rush Street Interactive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>) is likely to report quarterly loss at $0.03 per share on revenue of $178.56 million.
&bull; Hamilton Insurance Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HG#NYSE">HG</a>) is expected to report quarterly earnings at $0.65 per share on revenue of $15.30 million.
&bull; Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $437.34 million.
&bull; Riley Exploration Permian (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REPX#AMEX">REPX</a>) is estimated to report quarterly earnings at $1.60 per share on revenue of $94.75 million.
&bull; Zymeworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYME#NASDAQ">ZYME</a>) is expected to report quarterly loss at $0.43 per share on revenue of $15.45 million.
&bull; Miller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLR#NYSE">MLR</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ADAP

AEYE

AIRG

AMPY

ARIS

BRCC

BWAY

CDXC

CMPO

CPSH

CULP

DSGX

EARN

EHAB

EVGO

EWCZ

FRPH

GENI

GENK

GROV

GWRS

HDSN

HIPO

HNST

HTOO

INFN

KEQU

KIDS

KLXE

KMDA

LVLU

MDXH

NEUE

NEXN

NGMS

NSPR

OSPN

PowerShares Insured Municipal Bond Portfolio

REPX

REVG

SCOR

SDIG

SGHC

SILV

SLNG

SOHO

SPIR

TDCX

TLPH

TPVG

TRIN

VBNK

VSEC

XERS

YEXT

ZYME

Earnings Scheduled For March 6, 2024

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the &quot;Greed&quot; zone on Tuesday.
U.S. stocks closed lower on Tuesday, with the Dow Jones index tumbling by more than 400 points during the session.
Shares of Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) fell around 2.8% on Tuesday after the company&rsquo;s <a href="https://www.benzinga.com/money/best-place-to-sell-iphone/">iPhone</a> sales in China saw a 24% drop in the first six weeks of the year, demoting it to the fourth position among smartphone vendors in the country, as reported by Counterpoint Research. GitLab Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtlb#NASDAQ">GTLB</a>) shares dipped 21% after the company reported upbeat quarterly earnings, but issued earnings guidance below estimates.
On the economic data front, U.S. factory orders fell by 3.6% month-over-month in January compared to a revised 0.3% decline in December. The ISM services PMI declined to 52.6 in February versus a four-month high level of 53.4 in January and down from market estimates of 53.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate and consumer discretionary stocks recording the biggest losses on Tuesday. However, energy and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 405 points to 38,585.19 on Tuesday. The S&amp;P 500 fell 1.02% at 5,078.65, while the Nasdaq Composite fell 1.65% at 15,939.59 during Tuesday&rsquo;s session.
Investors are awaiting earnings results from Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>), Campbell Soup Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpb#NYSE">CPB</a>), THOR Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) and Infinera Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) today.
At a current reading of 74.3, the index moved to the &quot;Greed&quot; zone on Tuesday, versus a prior reading of 78.2.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/03/37481565/top-5-materials-stocks-that-are-ticking-portfolio-bombs"> Top 5 Materials Stocks That Are Ticking Portfolio Bombs </a>

AAPL

GTLB

Fear & Greed Index Moves To 'Greed' Zone; Dow Dips Over 400 Points

With U.S. stock futures trading mostly higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects THOR Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) to report&nbsp;quarterly earnings at 67 cents per share on revenue of $2.27 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. THOR Industries shares rose 1.9% to $128.99 in after-hours trading.
Box, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/box#NYSE">BOX</a>) reported upbeat earnings for its fourth quarter and announced a $100 million expansion of its stock repurchase program. The company issued a strong revenue forecast for the first quarter and also announced an expanded partnership with Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>). Box shares gained 1.9% to $27.76 in the after-hours trading session.
Analysts are expecting Campbell Soup Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpb#NYSE">CPB</a>) to have earned 77 cents per share on revenue of $2.44 billion for the latest quarter. The company will release earnings before the markets open. Campbell Soup shares gained 2.3% to $43.92 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
DexCom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxcm#NASDAQ">DXCM</a>) reported the FDA clearance of Stelo. DexCom shares gained 1.8% to $124.00 in the after-hours trading session.
Analysts expect Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) to report quarterly earnings at $2.83 per share on revenue of $1.43 billion before the opening bell. Abercrombie &amp; Fitch shares gained 1% to $141.40 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37502369/foot-locker-likely-to-report-lower-q4-earnings-here-are-the-recent-forecast-changes-from-wall-stree"> Foot Locker Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts </a>

MSFT

Campbell Soup, Box And 3 Stocks To Watch Heading Into Wednesday

Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-06. Here's what investors need to know before the announcement.
Analysts estimate that Campbell Soup will report an earnings per share (EPS) of $0.77. 
Campbell Soup bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 0.46% increase in the share price the next day.
Here's a look at Campbell Soup's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.88</td>
<td>0.5</td>
<td>0.65</td>
<td>0.74</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.91</td>
<td>0.5</td>
<td>0.68</td>
<td>0.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-2.0%</td>
<td>1.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709668884_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Campbell Soup were trading at $43.28 as of March 04. Over the last 52-week period, shares are down 18.89%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/CPB/earnings">To track all earnings releases for Campbell Soup visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Campbell Soup

Campbell Soup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-06. Here's what investors need to know before the announcement.
Analysts estimate that Campbell Soup will report an earnings per share (EPS) of $0.77. 
Campbell Soup bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 0.46% increase in the share price the next day.
Here's a look at Campbell Soup's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.88</td>
<td>0.5</td>
<td>0.65</td>
<td>0.74</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.91</td>
<td>0.5</td>
<td>0.68</td>
<td>0.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-2.0%</td>
<td>1.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709647301_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Campbell Soup were trading at $43.28 as of March 04. Over the last 52-week period, shares are down 18.37%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/CPB/earnings">To track all earnings releases for Campbell Soup visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Campbell Soup's Earnings: A Preview

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Campbell Soup (CPB – Research Report) and Kimb...

Analysts Offer Insights on Consumer Goods Companies: Campbell Soup (CPB) and Kimberly Clark (KMB)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
For the first time in seven years, the United States is <a href="https://www.usatoday.com/story/news/nation/2024/04/07/solar-eclipse-time-2024/73216068007/">preparing</a> for a solar eclipse. As NASA reports that we won&rsquo;t be seeing another one <a href="https://science.nasa.gov/eclipses/future-eclipses/eclipse-2024/">until August 2044</a>, the entire country is gearing up to witness this historic event. For just about everyone, this means procuring the proper glasses but for many, it has meant making travel arrangements. We may not instantly equate the solar event with being an economic growth driver, but several companies have been rising steadily as momentum for the eclipse has fueled tourism plans, causing consumers to book airline tickets and lodging. With this in mind, it&rsquo;s worth a look at the best stocks to buy for the 2024 solar eclipse.



As InvestorPlace&lsquo;s Shrey Dua <a href="https://investorplace.com/2024/04/how-do-solar-eclipses-affect-the-stock-market/">notes</a>:




&ldquo;&hellip;stocks do tend to perform quite well in total solar eclipse years. Indeed, in 10 of the past 13 solar eclipse years from 1900 to 2017, the&nbsp;Dow Jones Industrial Average&nbsp;went on to close the year in the green &mdash; sometimes by notable margins.&rdquo;




Dua is careful to highlight that these metrics do not imply a direct correlation between a solar eclipse and significant stock market growth. But what we do know is that some companies are enjoying the momentum that stems from the focus on the historic event. For investors seeking ways to profit from the eclipse, the best way could be through some of these stocks. 



<h2>Stocks to Buy: Airbnb (ABNB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/abnb1600-300x169.png" alt="Airbnb (ABNB) logo on phone screen stock image."><div>Source: sdx15 / Shutterstock.com</div></div>It&rsquo;s been a difficult month for this iconic homestay innovator. Airbnb (NASDAQ:<a href="https://investorplace.com/stock-quotes/abnb-stock-quote/">ABNB</a>) has spent the past year riding the travel rebound wave despite recent volatility. Now, it seems that the company may be about to see the resurgence it needs. Barron&rsquo;s reports that Airbnb has <a href="https://www.barrons.com/articles/solar-eclipse-time-stocks-hertz-united-airbnb-eaf85a7e">seen searches </a>for home and apartment rentals that fall in the eclipse&rsquo;s pathway surge by 1,000% recently. Clearly there are a lot of people willing to plan an entire trip around witnessing the eclipse. While shares have dipped slightly this week, that doesn&rsquo;t mean that ABNB stock won&rsquo;t see a surge from eclipse traffic. 



<h2>Alaska Air Group (ALK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/alk1600-300x169.jpg" alt="Alaska Airlines (ALK) aircraft is airborne as it departs Los Angeles International Airport"><div>Source: Philip Pilosian / Shutterstock.com</div></div>If people are booking Airbnb homestays, they are also likely buying airline tickets to states in the eclipse path. One airline has confirmed that demand for tickets to eclipse path states has been rising. Alaska Air, owned by Alaska Air Group (NYSE:<a href="https://investorplace.com/stock-quotes/alk-stock-quote/">ALK</a>), has confirmed that flight bookings in Ohio, Texas and Mexico, three areas in prime eclipse territory, have increased by 3x recently, indicating a clear spike in demand for transportation to states where the eclipse viewing will be at its best. This company may not be the first name that comes to mind among <a href="https://investorplace.com/industries/consumer-discretionary/travel/airline/">airline stocks</a> to buy for significant growth in 2024. However, Alaska Air operates in a region that sets it up perfectly to enjoy the eclipse boost. 



<h2>Stocks to Buy: Campbell Soup Company (CPB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/cpb-1600-300x169.jpg" alt="A variety of Campbell's soups in a grocery store. CPB stock."><div>Source: Sheila Fitzgerald / Shutterstock</div></div>While many people are excited by the thought of the eclipse, events like this often scare others. Some see it as a sign of a pending apocalypse, a grim harbinger of catastrophic things to come. And any time the apocalypse is trending, a certain group of stocks comes sharply into focus. 



At the forefront is the Campell Soup Company (NYSE:<a href="https://investorplace.com/stock-quotes/cpb-stock-quote/">CPB</a>), a well-known brand that produces something built to withstand a literal apocalypse. Campbell&rsquo;s soups last forever, can be stored easily, and are still affordable, even in times of inflation. Consumers will stock up on them anytime they fear the end may be approaching. This makes CPB a clear choice among stocks to buy for any event that could theoretically be would-ending, even when strong evidence <a href="https://www.rollingstone.com/culture/culture-features/solar-eclipse-conspiracy-theories-far-right-1234998475/">points to the contrary</a>. 



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-stocks-to-buy-today-to-benefit-from-the-total-solar-eclipse/">3 Stocks to Buy Today to Benefit From the Total Solar Eclipse</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stocks to Buy Today to Benefit From the Total Solar Eclipse

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ABNB

ADBE

ADSK

AMZN

BBWI

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BMYMP

CELH

CHRW

CHTR

CMCSA

CTVA

DECK

ETSY

GILD

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MNST

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