Bonds finally backed off and sentiment cooled quite a bit.
Stocks are higher Monday on a strong manufacturing report from China and indications of progress in the U.S.-China trade talks.
Kellogg will sell the brands to Ferrero, the maker of Nutella, for $1.3 billion.
Kellogg is nearing a deal to sell its Keebler, Famous Amos and fruit snacks businesses to Nutella-maker Ferrero, a report says.
U.S. stock futures post solid gains, boosted by the strongest reading of manufacturing output in China in at least eight months; retail sales for February lead Monday's economic calendar; Facebook's Mark Zuckerberg suggests more regulation would be a way to improve the internet; Kellogg reportedly nears deal to sell Keebler and Famous Amos brands.
BATTLE CREEK, Mich., March 26, 2019 /PRNewswire/ -- Kellogg Company (NYSE: K) will host a live audio webcast of its 2019 Annual Meeting of Shareowners.
Uber Technologies snapped-up middle east ride-sharing rival Careem Tuesday in a $3.1 billion deal ahead of its stock market listing that could value the world's most expensive start-up at more than $120 billion.
Uber is adding to its roster of underwriters for a hotly-anticipated IPO that could arrive in the first half of 2019.
BATTLE CREEK, Mich., March 8, 2019 /PRNewswire/ -- Kellogg Company is joining people around the world to celebrate International Women's Day (IWD) and is launching a global video to inspire conversation and bring further awareness to gender equity.
The most recent short interest data was recently released for the 01/31/2019 settlement date, and Kellogg Co is the #77 most shorted of the S&P 500 components, based on 5.58 "days to cover." There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then divided by the average daily volume, to express the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
So far there is no bounce in Kraft Heinz which is not a good sign.
SNY, RYN, I, SIG and K all recently were downgraded by TheStreet's Quant Ratings.
My expectation is that we will correct toward the end of the week.