commodity
Howard Schultz recently returned as interim chief executive officer at Starbucks Corp., following the retirement of Kevin Johnson. Mr. Schultz goes back a long way with the company. It was founded in 1971 by three individuals—English teacher Jerry Baldwin, history teacher Zev Siegl and writer Gordon Bowker....
Rising prices for corn, wheat and other crops are adding to the costs of these food and ingredient producers. However, the strong position of their leading brands let them pass along these extra costs to their customers. Even so, we feel Archer Daniels and Mondelez are currently in a better position than PepsiCo to withstand a slowdown in consumer spending.
ARCHER DANIELS MIDLAND CO....
ARCHER DANIELS MIDLAND CO....
CARGOJET INC., $122.09, symbol CJT on Toronto, provides time-sensitive, premium overnight air cargo services across North America. Its fleet of 34 cargo aircraft currently moves more than 25 million pounds of cargo every week.
The company has three main segments: it operates a domestic air cargo network between 16 major Canadian cities; it provides dedicated aircraft to customers on an aircraft, crew, maintenance and insurance (“ACMI”) basis, operating between points in Canada, the U.S., Mexico and Europe; and it operates scheduled international routes for multiple cargo customers, operating between points in Canada, the U.S., Mexico, South America, Asia and Europe.
Over the past several years, Cargojet has evolved its business model to increasingly focus on strategic partnerships rather than transactional relationships with its customers.
For instance, in March 2022, Cargojet entered into a long-term agreement with DHL Network Operations (USA) Inc., a division of Germany’s giant Deutsche Post AG.
The agreement sees Mississauga, Ontario-based Cargojet provide DHL with a range of services across Europe, the Americas, and Asia....
The company has three main segments: it operates a domestic air cargo network between 16 major Canadian cities; it provides dedicated aircraft to customers on an aircraft, crew, maintenance and insurance (“ACMI”) basis, operating between points in Canada, the U.S., Mexico and Europe; and it operates scheduled international routes for multiple cargo customers, operating between points in Canada, the U.S., Mexico, South America, Asia and Europe.
Over the past several years, Cargojet has evolved its business model to increasingly focus on strategic partnerships rather than transactional relationships with its customers.
For instance, in March 2022, Cargojet entered into a long-term agreement with DHL Network Operations (USA) Inc., a division of Germany’s giant Deutsche Post AG.
The agreement sees Mississauga, Ontario-based Cargojet provide DHL with a range of services across Europe, the Americas, and Asia....
Hunting for some of the most predictable stocks will have you looking at proven blue chips with dividends—and more. Learn what to buy now.
Finning recently announced that Scott Thomson will step down as CEO to head up the Bank of Nova Scotia. The company has appointed Kevin Parkes as Thomson’s replacement.
Mr. Parkes will likely continue the company’s current strategy of expanding its product support (equipment maintenance) business....
Mr. Parkes will likely continue the company’s current strategy of expanding its product support (equipment maintenance) business....
RESIDEO TECHNOLOGIES INC. $17 is a spinoff buy. The company (New York symbol REZI; Manufacturing & Industry sector; Shares outstanding: 145.8 million; Market cap: $2.5 billion; No dividend paid; Takeover Target Rating: Medium; www.resideo.com) makes heating, ventilation and air-conditioning equipment....
A: Southern Copper Corp., $60.48, symbol SCCO on New York (Shares outstanding: 773.1 million; Market cap: $46.7 billion; Resources sector; TSINetwork Rating: Extra Risk www.southerncoppercorp.com), is the fifth-largest copper producer in the world with operations in both Mexico and Peru....
FREEPORT-MCMORAN INC., $38.04, symbol FCX on New York, is one of the world’s largest publicly traded copper producers. The company owns mines in North America, South America, and Indonesia.
In late October 2022, Freeport-McMoRan reportedly entered discussions with Grupo Mexico SAB for the purchase of its Arizona copper smelter....
In late October 2022, Freeport-McMoRan reportedly entered discussions with Grupo Mexico SAB for the purchase of its Arizona copper smelter....
Teck is now shifting its focus to “low carbon metals,” such as copper and zinc. Under that plan, the company is selling its stake in an oil sands project. It could also spin off or sell its coal operations. These moves would help unlock more of Teck’s value, particularly as the stock continues to rebound from its pandemic low of $8.15 in March 2020.
TECK RESOURCES LTD....
TECK RESOURCES LTD....
A: Krispy Kreme Inc., $14.53, symbol DNUT on Nasdaq (Shares outstanding: 167.4 million; Market cap: $2.4 billion; www.krispykreme.com), is a provider of doughnuts and other sweet treats in 31 countries....