Kraft Heinz reported earnings recently and raised guidance. The multinational foods giant increased its long-term growth targets for organic net sales to between 2% and 3%, from 1% to 2% previously. It also raised the long-term adjusted earnings per share growth target to 6% to 8%, from 4% to 6% previously.
Kraft Heinz falls under the consumer staple category which could be looked at as a safe haven during this inflation period and higher rate environment. A company that projects itself to grow during times of uncertainty and continues to pay a dividend shows real confidence. Hard not to be confident when almost every American has your product in their pantry.
The technical side of Kraft Heinz shows some real accumulation via volume indicator on the daily chart following ER. We are now seeing strong follow through after the breakout of 38.
Next targets are 40 and 42.
OptionsSwing Analyst
Daniel Betancourt
Kraft Heinz falls under the consumer staple category which could be looked at as a safe haven during this inflation period and higher rate environment. A company that projects itself to grow during times of uncertainty and continues to pay a dividend shows real confidence. Hard not to be confident when almost every American has your product in their pantry.
The technical side of Kraft Heinz shows some real accumulation via volume indicator on the daily chart following ER. We are now seeing strong follow through after the breakout of 38.
Next targets are 40 and 42.
OptionsSwing Analyst
Daniel Betancourt
交易开始:
First target of 40 has hit, trimmed options contracts for a 200% premium. Leaving runners.
Education first, profits second.