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[ad_1] The post 7 Best Consumer Staples Stocks for 2021 appeared first on Millennial Money. Investors are often drawn to new, fast-growing companies that have the potential to disrupt industries. There are certainly a lot of publicly traded companies doing just that and bringing significant returns for their shareholders.  That growth often comes with a lot of volatility and uncertainty. But what if there were large and profitable companies investors could bet on that don’t grow as fast as those growth stocks but instead provide stable investments?  Enter consumer staples stocks. These companies are often well-established players that have spent decades building out their markets and that, most importantly, sell consumer products that people need no matter what is happening in the world.  Products in the consumer staples sector may include food products and household products such as:  Paper products like paper towels and toilet paper Beverages like soft drinks, beer, and other alcohol  Hygiene products and cosmetics Cleaning products If you’re looking for some of the top consumer staples stocks then check out the list I’ve compiled of some of the best companies in the non-cyclical consumer staple sector.  7 Best Consumer Staples Stocks Target Corp.   Procter & Gamble Co. Estée Lauder Companies Inc.  Costco Wholesale Corporation  Boston Beer Company Inc.  Darling Ingredients Inc. The Hershey Company Target Corp. (NYSE: TGT)  Target (NYSE:TGT)Price: $257.42 (as of close Jul 27, 2021) document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-c2633d21048b6f4c6b628a50d49421b8”,{rangeSelector:{selected:1},title:{text:”Target (NYSE:TGT)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false },series:[{name:”NYSE:TGT”,data:[[1624852800000,241.26],[1624939200000,241.85],[1625025600000,241.74],[1625112000000,243.47],[1625198400000,246.58],[1625544000000,245.45],[1625630400000,247.55],[1625716800000,248.58],[1625803200000,248.58],[1626062400000,252.24],[1626148800000,251.75],[1626235200000,253.63],[1626321600000,252.93],[1626408000000,251.15],[1626667200000,251.12],[1626753600000,254.71],[1626840000000,256.05],[1626926400000,257.01],[1627012800000,261.03],[1627272000000,260.86],[1627358400000,258.36],],tooltip:{valueDecimals:2,xDateFormat: “%A, %B %e, %Y”}}]}); }); As one of the most popular consumer staples stores, Target hardly needs an introduction. And while consumers may think of Target as a good way to spend a few hours on a Sunday afternoon, investors know that this merchandise retailer is a behemoth in the retail industry.  Consider these eye-popping Target stats from the company’s first-quarter of 2021:  Comparable store sales spiked nearly 23% from the year-ago quarter Digital comparable sales soared 50% year over year  90% growth from its same-day service (order pickup, drive up and Shipt deliveries) Total revenue jumped 23% to more than $24 billion GAAP earnings per share skyrocketed 643% to $4.17 Of course, some of this impressive growth comes because we’re comparing a pandemic-induced slowdown from 2020 to a fully reopened Target in 2021. But it’s important to note that Target has weathered the effects of the global coronavirus pandemic well and has come out on the other side in a very strong position. Not every company has experienced the same fate.  By continually focusing efforts on its e-commerce business, Target has emerged stronger than ever and will likely continue to keep benefiting from its retail merchandise position. The company said that it added $1 billion in market share in the first quarter, on top of a $1 billion market share gain in the first quarter of 2020. Target’s share price has reflected the company’s stellar growth over the past few years as its stock has gained 222% over the past three years.   Procter & Gamble Co. (NYSE: PG)  Procter & Gamble (NYSE:PG) Price: $138.76 (as of close Jul 27, 2021) Market Cap: 344,833,587,908 document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-d622702991c7543f2e4489e696d3b58b”,{rangeSelector:{selected:1},title:{text:”Procter & Gamble (NYSE:PG)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false },series:[{name:”NYSE:PG”,data:[[1624852800000,135.32],[1624939200000,134.4],[1625025600000,134.93],[1625112000000,135.24],[1625198400000,135.9],[1625544000000,135.98],[1625630400000,137],[1625716800000,136.98],[1625803200000,137.03],[1626062400000,137.14],[1626148800000,136.97],[1626235200000,137.98],[1626321600000,139.16],[1626408000000,140.51],[1626667200000,140.44],[1626753600000,139.69],[1626840000000,139.2],[1626926400000,137.8],[1627012800000,139.79],[1627272000000,140.28],[1627358400000,140.85],],tooltip:{valueDecimals:2,xDateFormat: “%A, %B %e, %Y”}}]}); }); With a company that’s nearly 200 years old, Procter & Gamble may be one of the most recognizable consumer staples companies. To fully appreciate this consumer staple juggernaut, take a look at these P&G facts:  Net sales increased 5% in fiscal 2020 to $71 billion  The company has a massive brand list including Tide, Pampers, and Crest  P&G experienced growth in 9 out of 10 of its global categories in 2020 E-commerce sales spiked 40% in 2020 and now accounts for 10% of total sales  P&G’s earnings spiked 13% in 2020 to $5.12 earnings per share  Remember that with consumer staple companies of this size (P&G’s market cap is $343 billion) you’re not going to see the same sales growth as, let’s say, fast-growing technology companies. But a 5% growth in net sales during a global pandemic is exactly why people invest in consumer staple companies—they make products that people need no matter what’s happening in the world.  P&G’s share price has also delivered for inventors over the past three years, outpacing the S&P 500’s gains by nearly 1.5X. Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years ago! They discovered Netflix for $1.85 per share, back in the days of DVDs by mail. And recommended Amazon at $15.31 in 2002, before most people were comfortable using credit cards online. And even hit Apple at $4.97 per share, about a month before the release of the very first iPhone. Check out where those stocks are today. The bottom line: a $500 investment in all three of these stocks would be worth more than $200,000 today! And here’s why that’s important: The Motley Fool’s flagship investing service Stock Advisor just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you’ll want to get the full details! Click here to learn more Estée Lauder Companies Inc. (NYSE: EL)  The Estee Lauder Companies (NYSE:EL) Price: $330.87 (as of close Jul 27, 2021) Market Cap: 119,549,165,807 document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-3e762b7dabe00022358ad5c3bd9895fd”,{rangeSelector:{selected:1},title:{text:”The Estee Lauder Companies (NYSE:EL)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector

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[ad_1] The post Teladoc Stock Falls after Q2 Earnings Then Recovers appeared first on Millennial Money. Shares of Teladoc Health (NYSE: TDOC) weren’t looking so healthy on Wednesday morning after the company reported second quarter earnings on Tuesday evening. Sales skyrocketed as demand for telehealth services remained strong, but unfortunately so did Teladoc’s net losses as the company recognized expenses related to the merger with Livongo, which was finalized in late 2020. The stock opened lower by 11% but has since recovered from the lows. As of 12:30 p.m. EDT, Teladoc shares were flat for the day. Merger-related costs hurt the bottom line Total revenue grew by 109% to $503.1 million, which was modestly ahead of the consensus estimate of $499.9 million in sales. Paid memberships in the United States were essentially flat, growing just 1% to 52 million. Total visits worldwide increased 28% to 3.5 million, even as the second quarter of 2020 included the first wave of the COVID-19 pandemic. Chronic care enrollments, which was the impetus for the Livongo transaction, were 715,000 at the end of the quarter. Adjusted gross margin also expanded from 62.3% to 68.1%, with the strong profitability expansion attributed to a higher mix of subscription fee revenue, according to CFO Mala Murthy. That resulted in adjusted EBITDA of $66.8 million. Teladoc’s net loss ballooned from $25.7 million a year ago to $133.8 million, or $0.86 per share, in the second quarter. That bottom line was meaningfully worse than the $0.54 per share in losses for which analysts modeled.  The company noted that a large portion of those losses were related to stock-based compensation expenses related to the Livongo acquisition, as stock awards have continued to vest after the merger. Stock-based compensation expense in the second quarter was $83 million. There were other merger-related accounting items as well, including $46.1 million recorded for the amortization of acquired intangible assets. Those assets were acquired from both Livongo as well as InTouch Health, another purchase from last year. “Teladoc Health delivered a strong second quarter, marked by exciting new client wins, product launches, and tremendous progress on our quest to be the category-defining provider of whole person virtual care,” CEO Jason Gorevic said in a statement. “We have solid momentum heading into the second half as the market embraces the unified care experience that only Teladoc Health has the breadth and scale to achieve.” Raising its 2021 forecast In terms of outlook, revenue in the third quarter is expected to be in the range of $510 million to $520 million, which is comparable to the current consensus estimate of $513.1 million. Teladoc expects to lose $0.68 to $0.78 per share next quarter. Total paid memberships in the United States should be 52 million to 53 million. Teladoc raised its full-year guidance though, with revenue forecast at $2 billion to $2.03 billion, up from its previous outlook of $1.97 billion to $2.02 billion. Net losses per share for 2021 should be $3.35 to $3.60. “As discussed previously, during the second half of the year, we do anticipate reinvesting cost synergies back into the business to fuel long-term growth, including the rollout of new capabilities and new products such as myStrength Complete and Primary360, continued integration of Livongo, enhancements to our integrated data platform and expansion into new markets,” Murthy added on the conference call with analysts. Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Click here to learn more The post Teladoc Stock Falls after Q2 Earnings Then Recovers appeared first on Millennial Money. [ad_2] Source link

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[ad_1] The post Spotify Stock Tumbles as Pandemic Dents User Growth appeared first on Millennial Money. Music streaming leader Spotify (NYSE: SPOT) reported second quarter earnings on Wednesday morning, which showed that user growth in certain key markets was negatively impacted by the COVID-19 pandemic. That revelation overshadowed the fact that Spotify reported better-than-expected overall results, with ad revenue surging thanks to the company’s ongoing push into podcasts. As of 11 a.m. EDT, Spotify stock had tumbled by 8%. The pandemic takes a toll on engagement Revenue in the second quarter increased 23% to €2.33 billion, or approximately $2.75 billion based on current exchange rates. That top line result beat the consensus estimate of €2.29 billion in sales. Spotify conceded that monthly active users (MAUs) “fell short of our guidance range,” as the company temporarily paused some of its marketing efforts in countries such as India and Brazil that were hit especially hard by the virus in the second quarter. Total MAUs reached 365 million, shy of the Swedish company’s forecast of 366 million to 373 million. The good news is that MAU trends started to improve near the end of the quarter and Spotify remains confident in overall user retention. Premium subscribers grew 20% to 165 million, ahead of Spotify’s expectations. Premium average revenue per user (ARPU) declined modestly to €4.29, but ARPU was flat on a constant currency basis. When excluding foreign exchange fluctuations, ARPU benefitted from price increases that Spotify rolled out across numerous markets in the first quarter. Advertising revenue surged 110% to €275 million, driven by strong sales execution in Spotify’s direct and podcast channels. It’s worth noting that the broader advertising industry had pulled back spending in the second quarter of 2020 as the pandemic escalated, leading to favorable comparisons now.  Spotify reported a net loss of €0.19 per share, which was significantly better than the €0.41 per share in red ink Wall Street analysts were expecting. Mixed guidance for the rest of the year As a global company attempting to grow in many emerging markets where the COVID-19 pandemic continues to rage, Spotify is exposed to considerable macroeconomic risks related to the contagion.  Spotify expects to have 377 million to 382 million MAUs at the end of the third quarter, with 170 million to 174 million premium subscribers. Revenue is forecast in the range of €2.31 billion to €2.51 billion.  The company also adjusted its guidance for 2021. By the end of the year, total MAUs are now expected to be in the range of 400 million to 407 million, compared to the previous outlook of 402 million to 422 million. On the bright side, premium subscribers should be 177 million to 181 million, an improvement relative to the prior guidance of 172 million to 184 million. “Given the extraordinary operating circumstances we currently face with respect to the impact of COVID-19, there is a greater likelihood of variances with respect to those ranges than typical quarters,” Spotify warned in its letter to shareholders. Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years ago! They discovered Netflix for $1.85 per share, back in the days of DVDs by mail. And recommended Amazon at $15.31 in 2002, before most people were comfortable using credit cards online. And even hit Apple at $4.97 per share, about a month before the release of the very first iPhone. Check out where those stocks are today. The bottom line: a $500 investment in all three of these stocks would be worth more than $200,000 today! And here’s why that’s important: The Motley Fool’s flagship investing service Stock Advisor just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you’ll want to get the full details! Click here to learn more The post Spotify Stock Tumbles as Pandemic Dents User Growth appeared first on Millennial Money. [ad_2] Source link