Kellanova (NYSE:K) Stock, Quote.Headers.trade-ideas

Kellanova

Kellogg

Following its split from the North American cereal business in October 2023, Kellanova (previously the global snacking arm of Kellogg) has operated as a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and MorningStar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base. Mars is slated to acquire the newly independent business in a nearly $36 billion deal in the first half of calendar 2025.

Starbucks coffee cup and beans

Large Cap

News

Movers

AFRM

AZPN

CAVA

FTNT

MELI

NTNX

SBUX

SHOP

Top performers in August: Affirm Holdings, CAVA Group, Fortinet, Nu Holdings, Kellanova, Nutanix, Aspen Technology, MercadoLibre, Shopify, Starbucks

Affirm, Shopify And Starbucks Were Among Top 10 Large Cap Best Performers For August: Are The Others In Your Portfolio?

Earnings

Sector ETFs

Markets

Analyst Ratings

Trading Ideas

ETFs

ERIE

First Trust Value Line Dividend Index Fund ETF

SCHD

Looking for broad exposure to the Large Cap Value segment of the US equity market? You should consider the First Trust Value Line Dividend ETF (ARCA:FVD), a passively managed exchange traded fund launched on 08/19/2003.

Should First Trust Value Line Dividend ETF Be on Your Investing Radar?

Altria Group Inc. (MO)

Short Ideas

Pre-Market Outlook

Top 2 Risk Off Stocks That May Crash In September

Kellanova Co

Kineta Inc

Kairous Acquisition Corp. Limited - Ordinary Shares

Kairous Acquisition Corp Ltd

Kairous Acquisition Corp. Limited - Rights

Kairous Acquisition Corp. Limited - Warrants

Koa Corp

KANSAI ELEC POWER INC by Kansai Electric Power Co., Inc. (The)

Kansai Electric Power Co Inc

KANSAI ELEC PWR UNSP/ADR by Kansai Electric Power Co., Inc. (The)

KAHALA CORP FL by Kahala Corp.

KAHOOT ASA U/ADR by Kahoot! ASA

Kadant Inc

KardiaChain

KAIROS MINERALS LTD ORD by Kairos Minerals Ltd.

Kairos Minerals Ltd

KAWASAKI KISEN UNS/ADR by Kawasaki Kisen Kaisha, Ltd.

Kawasaki Kisen Kaisha Ltd

Kajima Corp

KAWASAKI KISEN KAIS NEW by Kawasaki Kisen Kaisha, Ltd.

Kaspi.kz JSC GDR

Kala Bio Inc

Kal Energy Inc

KraneShares MSCI All China Index ETF

Kalmar

KALGOORLIE GOLD MNG LTD by Kalgoorlie Gold Mining Ltd.

Kalgoorlie Gold Mining Ltd

Kallo Inc

KALERA PUBLIC LIMITED NEW by Kalera Public Limited Company

Kalera PLC

Kaiser Aluminum Corporation - Common Stock

Kaiser Aluminum Corp

KalVista Pharmaceuticals, Inc. - Common Stock

KalVista Pharmaceuticals Inc

Kali Inc

Kaman Corp. Cl. A Com.

KALAMAZOO RESOURCES by KALAMAZOO RESOURCES LTD.

Kalamazoo Resources Ltd

BitKan

Kaneka Corp

Kaanapali Land LLC

kaonavi Inc

Kao Corp

JOINT STOCK COMPANY NATIONAL GDR

Kairos Pharma Ltd

KAP AG by KAP AG

Innovator U.S. Small Cap Power Buffer ETF - April

Openlane Inc

Karura

ETF Series Solutions Carbon Strategy ETF

KARO PHARM AKTIEBOLAG ORD by Karo Pharma Aktiebolag

Koala Corp

KARMA

KERNEL HOLDING SA ORD by Kernel Holding SA

Kernel Holding SA

Karooooo Ltd

KraneShares Electric Vehicles and Future Mobility Index ETF

Karbon-X Corp

INTELLABRIDGE TECH CORP by INTELLABRIDGE TECHNOLOGY CORP.

Intellabridge Technology Corp

Kasten Inc

Kambria

KATANA BROADBAND CORP by Katana Broadband Corporation

KAT EXPLORATION INC by KAT Exploration Inc.

KAT Exploration Inc

Innovator ETFs Trust Innovator US Small Cap Power Buffer ETF - August

Kaiser Reef Ltd

Kava - United States Dollar

Kaival Brands Innovations Group, Inc. - Common Stock

Kaival Brands Innovations Group Inc

Kaya Holdings Inc

KB Financial Group Inc

KraneShares Bosera MSCI China A 50 Connect Index ETF

KONINKLIJKE BAM GROEP NV by Koninklijke BAM Groep NV

Koninklijke Bam Groep NV

Kimball International, Inc. Cl B Com

KUBOTA PHARMA HLD ORD by Kubota Pharmaceutical Hldgs Co Ltd

KBC Groupe NV

Kayne Anderson BDC Inc

KINGBOARD CHEML HLDGS ORD by Kingboard Holdings Ltd.

Kingboard Holdings Ltd

KINGBOARD HLDGS UNS/ADR by Kingboard Holdings Ltd.

SPDR S&P Bank ETF

Lion Rock Resources Inc A

LION ROCK RESOURCES INC by Lion Rock Resources Inc.

Lion Rock Resources Inc

KONGSBERG GRUPPEN U/ADS by Kongsberg Gruppen ASA

Kongsberg Gruppen ASA

KB Home

KRAIG BIOCRAFT LABS INC by Kraig Biocraft Laboratories, Inc.

Kraig Biocraft Laboratories Inc

KraneShares Trust Bloomberg China Bond Inclusion Index ETF

Kubient Inc

KYTO TECH & LIFE SCIENCE by Kyto Technology and Life Science, Inc.

Kyto Technology And Life Science Inc

KBR Inc

Kobo Resources Inc

K-Bro Linen Inc

KBS Real Estate Investment Trust II Inc

KBS GROWTH & INCME REIT A by KBS GROWTH & INCOME REIT INC.

KBS Growth & Income REIT Inc

KBS REAL EST INVT TR III by KBS Real Estate Invt Tr III Inc.

KBS Real Estate Investment Trust III Inc

KOBE STEEL LTD ORD NEW by Kobe Steel, Ltd.

Kobe Steel Ltd

Prime US REIT

KraneShares Trust KraneShares 90% KWEB Defined Outcome January 2026 ETF

KraneShares Trust CICC China Consumer Leaders Index ETF

Invesco KBW Bank ETF

Invesco KBW High Dividend Yield Financial ETF

Invesco KBW Property & Casualty Insurance ETF

Invesco KBW Regional Banking ETF

Invesco KBW Premium Yield Equity REIT ETF

KOBREA EXPL CORP by Kobrea Exploration Corp.

Kobrea Exploration Corp

KOBAYASHI PHARM CO ORD by Kobayashi Pharmaceutical Co., Ltd.

Kobayashi Pharmaceutical Co Ltd

These ten large-cap stocks were the best performers in August. Are they in your portfolio?
<ol>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) shares escalated 66.58% in August. It reported&nbsp;strong&nbsp;fourth-quarter&nbsp;earnings and <a href="https://www.benzinga.com//node/40630056" target="_blank" rel="noreferrer noopener">upbeat&nbsp;first-quarter&nbsp;guidance</a>.</li>
<li>CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) stock jumped 34.99%. The company reported better-than-expected&nbsp;second-quarter&nbsp;results, and analysts boosted <a href="https://www.benzinga.com//node/40528470" target="_blank" rel="noreferrer noopener">stock price forecasts</a>.</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) shares rose 34.11%. It reported strong second-quarter results and <a href="https://www.benzinga.com//node/40599688" target="_blank" rel="noreferrer noopener">issued&nbsp;above-estimate guidance</a>.</li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) stock upped 29.95%. The company reported strong&nbsp;<a href="https://www.benzinga.com//node/40368174" target="_blank" rel="noreferrer noopener">results for the&nbsp;second quarter</a>.</li>
<li>Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) stock upped 29.91%. The company inked a deal to be bought by privately held <a href="https://www.benzinga.com//node/40364761" target="_blank" rel="noreferrer noopener">Mars</a><a href="https://www.benzinga.com//node/40364761" target="_blank" rel="noreferrer noopener"> for&nbsp;$83.50&nbsp;per share</a>.</li>
<li>Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) stock escalated 28.96%. It reported&nbsp;fourth-quarter results, and many analysts&nbsp;<a href="https://www.benzinga.com//node/40626089" target="_blank" rel="noreferrer noopener">boosted the stock's price target</a>.</li>
<li>Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) shares rose 28.64%. The company reported better-than-<a href="https://www.benzinga.com//node/40226872" target="_blank" rel="noreferrer noopener">expected&nbsp;fourth-quarter results</a>.</li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) stock rocketed 28.37%.</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares were up 27.33%. It posted a strong earnings report and several analysts&nbsp;<a href="https://www.benzinga.com//node/40268815" target="_blank" rel="noreferrer noopener">revised the price target</a>.</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) stock was up 25.91%. Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) CEO and Chairman Brian Niccol was named Starbucks' new Chairman and <a href="https://www.benzinga.com//node/40338228" target="_blank" rel="noreferrer noopener">Chief Executive Officer, effective September 9</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40764325/intel-moderna-and-dollar-general-were-among-top-10-large-cap-losers-in-august-are-the-others-in-yo">Intel, Moderna And Dollar General Were Among Top 10 Large Cap Losers In August: Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock.

Looking for broad exposure to the Large Cap Value segment of the US equity market? You should consider the First Trust Value Line Dividend ETF (ARCA:FVD), a passively managed exchange traded fund launched on 08/19/2003.
The fund is sponsored by First Trust Advisors. It has amassed assets over $9.72 billion, making it one of the larger ETFs attempting to match the Large Cap Value segment of the US equity market.
<h2>Why Large Cap Value</h2>
Large cap companies typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
Carrying lower than average price-to-earnings and price-to-book ratios, value stocks also have lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.
<h2>Costs</h2>
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.60%, making it one of the most expensive products in the space.
It has a 12-month trailing dividend yield of 2.12%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 19.50% of the portfolio. Utilities and Consumer Staples round out the top three.
Looking at individual holdings, Kellanova (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>) accounts for about 0.62% of total assets, followed by Erie Indemnity Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/erie#NASDAQ">ERIE</a>) and Lockheed Martin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>).
The top 10 holdings account for about 5.55% of total assets under management.
<h2>Performance and Risk</h2>
FVD seeks to match the performance of the Value Line Dividend Index before fees and expenses. The Value Line Dividend Index is a modified equal dollar weighted index comprised of U.S. exchange listed securities of companies that pay above-average dividends and have potential for capital appreciation.
The ETF has added about 11.07% so far this year and is up about 16.28% in the last one year (as of 09/04/2024). In the past 52-week period, it has traded between $36.09 and $44.80.
The ETF has a beta of 0.79 and standard deviation of 13.51% for the trailing three-year period, making it a medium risk choice in the space. With about 208 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Value Line Dividend ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FVD is a reasonable option for those seeking exposure to the Style Box - Large Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The Schwab U.S. Dividend Equity ETF (ARCA:SCHD) and the Vanguard Value ETF (ARCA:VTV) track a similar index. While Schwab U.S. Dividend Equity ETF has $59.94 billion in assets, Vanguard Value ETF has $123.92 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.04%.
<h2>Bottom-Line</h2>
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2331114/should-first-trust-value-line-dividend-etf-fvd-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2331114">To read this article on Zacks.com click here.</a>

As of Sept. 4, 2024, two stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Altria Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>)</h3>
<ul>
<li>On Aug. 22, Altria increased its quarterly dividend by 4.1% to $1.02 per share. The company's stock gained around 10% over the past month and has a &lt;a href=&#8221;https://www.benzinga.com/quote/MO&#8221;&gt;&lt;em&gt;52-week high of $54.48 &lt;/em&gt;&lt;/a&gt;.</li>
<li>RSI Value: 79.57&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>MO Price Action: Shares of Altria closed at $54.07 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>)</h3>
<ul>
<li>On Aug. 14, Mars, Inc. agreed to acquire Kellanova for $83.50 per share, valuing it at $35.9 billion, including assumed net leverage. Steve Cahillane, Chairman, President and CEO of Kellanova,added, "This is a truly historic combination with a compelling cultural and strategic fit. Kellanova has been on a transformation journey to become the world's best snacking company, and this opportunity to join Mars enables us to accelerate the realization of our full potential and our vision." The company's stock gained around 10% over the past month and <a href="https://www.benzinga.com/quote/K">has a 52-week high</a> of $80.97.</li>
<li>RSI Value: 81.98</li>
<li>K Price Action: Shares of Kellanova closed at $80.16 on Tuesday.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/09/40700380/dollar-tree-dicks-sporting-goods-and-3-stocks-to-watch-heading-into-wednesday">Dollar Tree, Dick&#8217;s Sporting Goods And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

August saw the <a href="https://www.benzinga.com/news/earnings/24/08/40648231/wall-street-poised-for-strong-start-as-inflation-data-looms-strategist-says-brace-for-volatile-fall">equity market make good the losses</a> it experienced post its mid-July peak, with earnings and benign data helping the fightback. With August in the rearview mirror, here&#8217;s a look at the leaders and laggards among the S&amp;P 500 Index, a broader gauge of market performance.
3-Part Trend: The month&#8217;s trading could be characterized as a tale of three trends. Stocks extended the weakness into August, with the S&amp;P 500 bottoming on Aug. 5, coinciding with the collapse of the global equity markets. The unwinding of the yen carry trades due to the yen&#8217;s strength perked up risk aversion, sending Japanese stocks into a tailspin, and the reverberations became evident elsewhere.
The S&amp;P 500 Index fell 4.3% intraday on Aug. 5, which happened to be a Monday. The collapse was promptly dubbed Black Monday 2.0 to differentiate it from the Black Monday crash of Oct. 1987. The CBOE Volatility Index, commonly called VIX, more than doubled to 65.73 intraday before pulling back. 
On a positive note, the S&amp;P 500 closed off the lows of the day and was down a more modest 3% by the close.
The market saw a steady recovery from the low through Aug. 22, thanks to a slew of catalysts that reinforced expectations that the Federal Open Market Committee would begin cutting rates at its September meeting.
The strong and rapid recovery pushed traders on the defensive, and the market has been moving sideways since then. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="819" height="630" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png" alt="" class="wp-image-524474" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png 819w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-300x231.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-768x591.png 768w" sizes="(max-width: 819px) 100vw, 819px" /></figure>
Source: Yahoo Finance
For August, the S&amp;P 500 Index gained 2.28%, ending the month at 5,648.40, off its record closing high of 5,667.20 hit on July 16.
See Also: <a href="https://www.benzinga.com/money/best-growth-stocks">Best Growth Stocks Right Now</a>
The Leaders: None of the Magnificent seven stocks, which have been spearheading the broader market uptrend since the start of the 2023, made it to the list of the top 10 gainers. The list featured two cybersecurity companies, namely CrowdStrike Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Fortinet, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>). CrowdStrike was rebounding from its global-outage-induced slump seen since July 19. 
Fortinet was helped by a strong post-earnings rally.
Two household and personal care products companies also made the cut, while a management change did the truck for coffee chain Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
The top 10 gainers for the month are:
<ul>
<li>Packaged food company Kellanova&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) (+38.62%) (upside primarily due to the rumors of a buyout by privately-held Mars and the subsequent confirmation of the deal)</li>
<li>Fortinet (+32.17%)</li>
<li>Starbucks (+26.52%)</li>
<li>Axon Enterprise, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) (+21.65%); Much of the gains stemmed from a post-earnings bump seen on Aug.7)</li>
<li>Clorox Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) (+21.02%)</li>
<li>CrowdStrike (+19.54%)</li>
<li>Kenvue Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) (+19.88%)</li>
<li>Best Buy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) (+16.04%)</li>
<li>Arch Capital Group Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NYSE">ACGL</a>) (+18.07%)</li>
<li>Progressive Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) (+17.78%)</li>
</ul>
The Laggards: Artificial intelligence server manufacturer Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), which had a dream run after its inclusion in the S&amp;P 500 Index, plummeted following a short report and the delay flagged by the company in filing its 10-K report. Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), which is fraught with fundamental risk, was also one of the worst performers for the month.
A few retailers ended up in the list of the top 10 S&amp;P 500 decliners for August.
The top 10 losers for the month are:
<ul>
<li>Super Micro (-37.62%)</li>
<li>Moderna, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) (-35.08%)</li>
<li>Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) (-31.08%)</li>
<li>Intel (-27.86%)</li>
<li>Walgreens Boots Alliance, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) (-20.19%)</li>
<li>Dollar Tree, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) (-19.02%)</li>
<li>Charles River Laboratories International, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) (-18.99%)</li>
<li>Airbnb, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) (-15.94)</li>
<li>Bath &amp; Body Works, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) (-15.80%)</li>
<li>Etsy, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) (-15.43%)</li>
</ul>
Earnings reactions triggered the weakness seen in some of these stocks, including Intel, and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40139012/moderna-stock-trading-lower-on-dismal-guidance-analysts-cuts-price-targets-noting-c">Moderna, which reduced its full-year forecast.</a>
With the Fed all but decided on a September rate cut, some of these beaten-down stocks, especially those in the retail space, could stage a turnaround. 
The SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $563.68, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40594093/economist-peter-schiff-warns-fed-may-be-committing-mistake-by-lowering-rates-in-sep">Economist Peter Schiff Warns Fed May Be Committing Mistake By Lowering Rates In September As Dollar Index Falls To Lowest In Over A Year</a></li>
</ul>

ABNB

ACGL

AXON

BBWI

CRWD

DLTR

ETSY

GDDY

INTC

KVUE

MPWR

MRNA

SMCI

UBER

Magnificent 7 Miss Out, 2 Cybersecurity Stocks Stand Firm, Retailers Lag In Volatile August: Here Are The Top S&P 500 Gainers And Losers

The food industry is ripe for consolidation now that the Federal Reserve is expected to cut <a href="https://www.benzinga.com/topic/interest-rates">interest rates in September</a>.
According to Kevin Dreyer, co-CIO of Value at Gabelli Funds, lower rates generally stimulate M&amp;A activity. 
"One thing to note is that, as rates come down, that tends to lead to an upswing in M&amp;A activity," Dreyer told CNBC on Friday, Aug. 23. &#8220;Food stocks have had a tough year — the consumer stretch, inflation has been biting them — they&#8217;ve been struggling with volume growth, but snacking has been a good area within food.&#8221;
 See below.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Small caps have a long room to run, says Gabelli Funds&#039; Kevin Dreyer" width="500" height="281" src="https://www.youtube.com/embed/k9u3gs7uztA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Mars Inc.'s recent acquisition of Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) for $35.9 billion bodes well for the sector, Dreyer noted. The move reflects a strategic realignment, exemplifying how companies are looking to strengthen their positions in more profitable niches.
In October 2023, Kellanova, which has the global snacking segment, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35066611/cereal-brand-gets-soggy-after-kellanova-spin-off-analyst-blames-headwinds-on-debt" target="_blank" rel="noreferrer noopener">completed its separation</a> from WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>).
Read Also: <a href="https://www.benzinga.com/markets/equities/24/08/40364761/confectionery-giant-mars-to-acquire-cheez-it-parent-kellanova-in-35-9b-deal">Confectionery Giant Mars To Acquire Cheez It Parent Kellanova In $35.9B Deal</a>
Campbell Soup Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) has also been active, recently acquiring Sovos Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOVO#NASDAQ">SOVO</a>), the maker of Rao's pasta sauce. 
Dreyer sees Campbell Soup as a company to watch, suggesting they could "end up following the &#8216;Kellogg-Kellanova playbook&#8217;." 
Campbell Soup&#8217;s investor day is coming up in September. Expected the company to outline plans, which could further shape the landscape of the food sector.
As for which companies are attractive takeover targets, Dreyer cited his favorite mid-cap food stock: BellRing Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRBR#NYSE">BRBR</a>), maker of Premier Protein shakes.
"Premier Proteins is growing mid-teens right now in an industry that is struggling to grow at all. We think they will continue to do great on their own, but somebody else may want to buy them," Dreyer said, highlighting the potential for BellRing Brands to be an attractive M&amp;A target.
As M&amp;A activity gains momentum, investors are advised to keep a close eye on potential deals that could reshape the industry landscape, providing new opportunities for growth and investment.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/m-a/24/08/40376430/mars-to-buy-kellanova-for-36b-snickers-maker-moves-up-a-rank-on-largest-private-company-list">Mars To Buy Kellanova For $36B: Deal Would Rank Snickers Maker Among 3 Largest Private Companies</a></li>
</ul>

Long Ideas

Interview

BRBR

SOVO

Food Sector M&A Is Heating Up, Gabelli Fund Manager Says: Watch For BellRing Brands, Campbell Soup

In a standout M&amp;A move, Mars, Inc. has agreed to acquire Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) for $83.50 per share, marking a 44% premium over its 30-day average price. The $35.9 billion transaction is anticipated to be finalized in the first half of 2025, <a target="_blank" href="https://www.benzinga.com/m-a/24/08/40376430/mars-to-buy-kellanova-for-36b-snickers-maker-moves-up-a-rank-on-largest-private-company-list" rel="noreferrer noopener">subject to shareholder and regulatory approvals.</a>
Here&#8217;s what analysts are saying about the deal:
<ul>
<li>RBC Capital Markets analyst Nik Modi downgraded Kellanova from Outperform to Sector Perform, raising the price forecast to $83.50 from $76.</li>
<li>Piper Sandler analyst Michael S. Lavery reiterated the Neutral rating on the stock, raising the price forecast to $83 from $63.</li>
</ul>
Check This Out:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40391777/walmart-q2-earnings-e-commerce-and-advertising-businesses-fuel-revenue-and-profit-beat-hikes-annual" rel="noreferrer noopener">Walmart Q2 Earnings: E-commerce and Advertising Businesses Fuel Revenue And Profit Beat, Hikes Annual Guidance</a>
RBC Capital: According to Modi, the price forecast has been raised to match the deal price.
The analyst anticipates no competing bids or closure issues for the deal, citing minimal category overlap.
Modi notes that the deal aligns with Mars&#8217; snacking strategy and faces minimal FTC risk due to the distinct portfolios. The analyst projects FY24 EPS of $3.62 and FY25 EPS of $3.92.
Piper Sandler: Lavery anticipates antitrust clearance due to minimal category overlap, with the exception of wholesome snack bars, where regulatory concerns are unlikely.
Mars holds an approximately 11% share in wholesome snack bars, compared to Kellanova&#8217;s ~5% share over the past 52 weeks, Lavery highlights.
The analyst maintained 2024 EPS of $3.70 and 2025E EPS of $3.79.
Mars&#8217; wholesome snack bars are priced about 135% higher than Kellanova&#8217;s.
The fragmented snacking category and lack of entry barriers suggest minimal risk of increased brand pricing post-acquisition, the analyst adds.
Price Action: K shares are trading higher by 0.07% to $80.34 at last check Thursday.
Image by Hans from Pixabay
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40391260/s-p-500-eyes-6th-straight-win-but-investor-sentiment-remains-cautious-ahead-of-data-deluge-walmart-" target="_blank" rel="noreferrer noopener">S&amp;P 500 Eyes 6th Straight Win, But Investor Sentiment Remains Cautious Ahead Of Data Deluge, Walmart Earnings And Other Key Events</a></li>
</ul>

Analyst Color

Equities

Downgrades

Price Target

Reiteration

General

Mars' $36B Kellanova Deal: Analysts See Minimal Category Overlap, No Competing Bids

Deutsche Bank analyst Steve Powers maintains Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) with a Hold and raises the price target from $76 to $83.5.

Deutsche Bank Maintains Hold on Kellanova, Raises Price Target to $83.5

RBC Capital analyst Nik Modi downgrades Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) from Outperform to Sector Perform and raises the price target from $76 to $83.5.

RBC Capital Downgrades Kellanova to Sector Perform, Raises Price Target to $83.5

Wells Fargo analyst Chris Carey maintains Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) with a Equal-Weight and raises the price target from $76 to $83.5.

Wells Fargo Maintains Equal-Weight on Kellanova, Raises Price Target to $83.5

Piper Sandler analyst Michael Lavery maintains Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) with a Neutral and raises the price target from $63 to $83.5.

Piper Sandler Maintains Neutral on Kellanova, Raises Price Target to $83.5

Barclays analyst Andrew Lazar maintains Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) with a Equal-Weight and raises the price target from $67 to $83.

Barclays Maintains Equal-Weight on Kellanova, Raises Price Target to $83

The creator of the Famous Amos cookie empire and a passionate advocate for children&#8217;s literacy, Wallace &#8220;Wally&#8221; Amos, passed away at the age of 88.
What Happened: Amos, who lost ownership of the Famous Amos company and the rights to use his name, later became the owner of a cookie shop, Chip &amp; Cookie, in Hawaii. He passed away at his home in Honolulu from complications related to dementia, according to his children, according to <a href="https://apnews.com/article/wallace-amos-died-8ae1ee33fb8f49d483da81ea485b8864#:~:text=HONOLULU%20(AP)%20%E2%80%94%20Wallace%20%E2%80%9C,He%20was%2088">AP News</a>.
His children, in a statement, described Amos as a &#8220;great American success story, and a source of Black pride.&#8221; They noted his influence on a generation of entrepreneurs when he founded the world&#8217;s first cookie store in Los Angeles in 1975.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40322027/trumps-flip-on-marijuana-legalization-conflicts-with-running-mate-jd-vance-who-does-not-share-th?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Flip On Marijuana Legalization Conflicts With Running Mate JD Vance Who Does Not Share The Sentiment</a>
Amos also co-founded Uncle Wally&#8217;s Muffin Co., whose products are sold nationwide. Despite his fame, Amos maintained that being famous was &#8220;highly overrated.&#8221;
Amos was also known for his efforts in promoting literacy. He served as a spokesperson for Literacy Volunteers of America for 24 years and was recognized for his volunteerism, including receiving the Literacy Award from President George H.W. Bush in 1991.
Why It Matters: His created brand, Famous Amos, was part of a significant business deal in 2019. <a href="https://drupal-cloudfront.benzinga.com/analyst-ratings/analyst-color/19/04/13470376/analyst-kellogg-trims-the-fat-by-selling-keebler-other-">Kellogg Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>)</a> sold its cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cone businesses to the Ferrero Group for $1.3 billion. 
The brands involved in the sale included Keebler, Famous Amos, Mother's, Murray brands, Stretch Island brand, and cookies manufactured for Girl Scouts of the USA. These businesses generated $900 million in sales with approximately $75 million in profit, representing 6.6 percent of Kellogg's sales.
Photo by Joshua Bedford on Unsplash
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40305295/after-trump-proposes-presidential-control-over-feds-interest-rate-decisions-bank-of-america-ceo-says?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Trump Proposes Presidential Control Over Fed&#8217;s Interest Rate Decisions, Bank Of America CEO Says Jerome Powell&#8217;s Independence Is Crucial: &#8216;Independent And Freely Operating Central Banks Tend To Fare Better&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Wallace 'Wally' Amos, Founder Of Famous Amos Cookie Empire And Literacy Advocate, Dies At 88

Mars — the packaged food conglomerate that owns Snickers, Cheez-It and other snack brands — will soon add Pop-Tarts, Eggo Waffles, Pringles and <a href="https://www.benzinga.com/markets/equities/24/08/40364761/confectionery-giant-mars-to-acquire-cheez-it-parent-kellanova-in-35-9b-deal">more to its portfolio</a>. What Happened: The McLean, Virginia-based company <a href="https://www.benzinga.com/markets/equities/24/08/40364761/confectionery-giant-mars-to-acquire-cheez-it-parent-kellanova-in-35-9b-deal">is set to acquire</a> Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) for $36 billion, or $83.50 per share.
Kellanova brought in around $13 billion in revenue last year, while Mars' annual revenue was around $45 billion. The two companies were reportedly working out the details <a href="https://www.benzinga.com/markets/equities/24/08/40152783/cheez-it-and-pringles-maker-kellanova-acquisition-eyed-by-snickers-fame-mars-report">earlier this month</a> after Kellanova reported strong <a href="https://www.benzinga.com/news/earnings/24/08/40102261/snack-giant-kellanova-soars-over-5-on-strong-q2-results-and-upgraded-fy24-guidance" target="_blank" rel="noreferrer noopener">second-quarter results</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39897323/amazon-buys-historic-bray-film-studios-known-for-dracula-and-the-curse-of-frankenstein">Amazon Buys Historic Bray Film Studios Known For &#8216;Dracula&#8217; And &#8216;The Curse Of Frankenstein&#8217;</a> The transaction, should it finalize in 2025, would help Mars leapfrog Publix to become the third-largest American private company behind Koch Industries. Until then, the top-five ranking of the largest U.S. privately held companies is as follows:
<ol>
<li>Cargill, Incorporated: The Minnesota-based agricultural and food company specializes in oils for processed foods. Cargill does more than $175 billion in revenue annually, according to <a href="https://www.forbes.com/lists/largest-private-companies/">Forbes.&nbsp;</a></li>
<li>Koch Industries is a multi-sector conglomerate that operates in the oil, petroleum, gas and fertilizer industries. Koch does around $125 billion in revenue and <a href="https://www.opensecrets.org/orgs/koch-industries/summary?id=d000000186">spends</a> billions annually on political contributions and lobbying. </li>
<li>Publix Supermarkets, headquartered in Florida, does around $55 billion in revenue and is one of the largest grocery chains in Florida. Publix also has locations in other southern states such as Georgia and Tennessee.</li>
<li>Mars is known for making confectionery items, including Mars bars, Twix, Milky Way and Three Musketeers. It also produces non-confectionery snacks (i.e., Combos, Ben&#8217;s Original and Dolmio pasta sauce) and an array of pet foods.</li>
<li>H-E-B Grocery Company is fifth on the list, raking in around $44 billion in revenue annually. Like Publix, H-E-B has carved out a significant market in the southern U.S., with most of its locations in Texas. </li>
</ol>
Other notable American private companies that did not break the top five include Lego (around $10 billion in revenue), Chick-fil-A (around $12 billion in revenue) and Staples (around $8 billion in revenue).&nbsp;
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/07/39877083/elon-musk-may-have-endorsed-trump-but-tesla-would-have-done-even-worse-without-bidens-7-5k-ev-tax-cr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk May Have Endorsed Trump, But Tesla Would Have Done ‘Even Worse' Without Biden's $7.5K EV Tax Credit, Says Fund Manager</a></li>
</ul>

Retail Sales

Mars To Buy Kellanova For $36B: Deal Would Rank Snickers Maker Among 3 Largest Private Companies

The July consumer inflation report released Wednesday confirmed a continued cooling trend in price increases across the economy, with the headline Consumer Price Index (CPI) coming in at 2.9% year-over-year, slightly below both the <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">previous and expected 3%. </a>
Core inflation, which excludes food and energy, also saw a modest decline from 3.3% to 3.2% year-over-year, aligning with economists&#8217; forecasts.
For investors, this signals that the Federal Reserve may have the green light to cut interest rates in September. However, the odds of a 25 basis point hike are slightly higher than those of a 50 basis point cut.
Wall Street had a mixed response to the data. Major indices initially rose around 10 a.m. E.T. before flattening out by midday trading in New York.
Both S&amp;P 500 and Nasdaq 100 are striving to secure their fifth consecutive sessions in the green.
Financial stocks outperformed among the 11 sectors of the S&amp;P 500. The biggest laggards were communication services, weighed down by a decline in Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and consumer discretionary, dragged by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Starbucks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>).
Long-dated Treasury yields fell by 4 basis points, boosting the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) by 0.6%.
The U.S. dollar index, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), remained steady, while gold eased by 1%.
Oil prices, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), declined by 1.1%, marking the second consecutive session of losses.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped 2.4% to $59,100.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,894.49</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,442.32</td>
<td>0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,967.78</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,081.22</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.1% higher to $542.64.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $399.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.1% to $461.91.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 0.9% to $206.01.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up by 0.8%. The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down by 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) surged 7.7% after the company announced it would be acquired by Mars in an all-cash deal valued at $35.9 billion.</li>
<li>Alphabet Inc. fell nearly 3% after reports that the U.S. Department of Justice may break up Google following a recent ruling that it monopolized the online search market.</li>
<li>Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) jumped over 4% after reporting that total client assets reached $9.572 trillion in July, up 16% year-over-year and 2% from June, with core net new assets surging 112% to $29 billion compared to July 2023.</li>
<li>Other financial stocks marking strong gains on Wednesday included The Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), The Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) up 5%, 4.8% and 3.2%, respectively.</li>
<li>Stocks moving on earnings report were Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>), up 4%, Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>), down 14% and Performance Food Group Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) up 8%. </li>
<li>Those reporting after the close include Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>).</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40370641/mortgage-applications-rocket-by-16-8-notch-strongest-weekly-increase-in-1-5-years-homebuyers-too">Mortgage Applications Rocket By 16.8%, Notch Strongest Weekly Increase In 1.5 Years: &#8216;Homebuyers Took The Opportunity To Refinance&#8217;</a></li>
</ul>
This photo was created using artificial intelligence MidJourney.

Macro Economic Events

Wall Street Battles For Fifth Day Of Gains As Inflation Cools, Gives Green Light To Rate Cuts; Financials Outperform: What's Driving Markets Wednesday?

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Kellanova

Kellanova (K) Forecast

Kellanova (NYSE:K) Stock, Quote.Headers.trade-ideas