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Home / norway / Ninth week in series with the Dow Jones increase, but: Kraft Heinz – Wall Street – Stock Trading and Finance

Ninth week in series with the Dow Jones increase, but: Kraft Heinz – Wall Street – Stock Trading and Finance



It was very hard to build on Wall Street on Friday.

A new exchange of trade interchanges between the US and China has given new hope to investors that agreement and the end of their commercial warfare can be within reach.

Dow Jones has now been updated every week for a further nine weeks, since it was a Roman Christmas base, when there was a full room in Wall Street.

This is the best series that is successful every week of 24 years, according to Bloomberg.

The index closed up 0.70 per cent. Nasdaq Composite-heavy technology increased 0.91 per cent, and S & P 500 increased 0.64 per cent.

On the other hand, Kraft Heinz gave the big water, and grew up in a dark day.

As Wall Street was cut for the day, its company fell 27.52 per cent, from around $ 48 to $ 35 per share.

The reason is the sad news in the quarterly report that came after the inter-commercial stock hanging on Thursday afternoon.

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The United States and China met for trade talks again Friday, after a week of a number around the talk board.

There are still several things that do not agree, according to Reuters, which increase the likelihood of delaying the date for an agreement, originally established for 1 March.

President Trump has also received a personal meeting with the cream office Liu He, Vice President of China, Friday.

At a news conference in the 20.30s during Norway, Trump stated that the talks were well done, and that there are "very good opportunities" that they can get in an agreement.

"The best relationship, the strongest ever," said Trump, according to Dow Jones Newswire. He also stated that it was ready to cancel the date.

In addition, the president stated that the parties have agreed on financial agreement and money management. No further information about such contracts is known.

The US dollar dropped a little here. Index of the ICE dollar (DXY) fell around 0.1 per cent, and it's likely to be around 0.4% down the week.

Quarterly quarterly report

The Kraft Heinz department immediately dropped around 10 per cent in the sales of Wall Street after the quarterly release of Thursday.

Friday, the decline has not been improved but. Immediately after the opening of their stock market, stock was 26 per cent, and during the day there was no sign of a collection.

There are two stories in particular from the quarterly report that has been identified as the cause of the fall.

The accounting loss company made $ 15.4 billion (133 billion) over the period through a # 39; Write down the Kraft and Oscar Mayer value – two of the largest bands of the company. Both signals represent about 15-20 per cent of the company's components in the United States.

Operating profit fell to NOK 14.1 billion only, and a profit fell after a 8 billion NOK tax last year to be less than 12.6 billion NOK in the fourth quarter.

Now the investors are confident about competition; company, and be worried about the future. In addition, Kraft Heinz reports that the US Financial Management Authority (SEC) has begun its inspection.

In October, the company received an application related to a review of purchasing activities; company, including accounting, internal control systems and consumer agreements.

They did not choose healthy foods

About $ 17 billion of its market value was taken from Friday. This corresponds to 146 billion NOK.

In the last two years, the region's price has fallen by more than 60 per cent.

Heinz was founder with Warren Buffetts's major investor Berkshire Hathaway and a private 3G Capital private company in 2013. In 2015, Heinz Kraft received, and became unified to Kraft Heinz.

The case is & # 39; follow under the ad.

Since then, its company has charged costs significantly. He has raised concerns about the cuts that are being made at the expense of investments; which needs to be needed to compete in the market today, CNBC wrote.

For consumers, more and more fresh and healthy foods will buy for standard Kraft Heinz materials. Now, many indicate that there is not a # 39; The company can make changes to what consumers do; Deeds, according to many of their competitors, writing CNN Business.

And now it can be difficult for the company to build some things that are fast.

Despite very incredible investors, Kraft Heinz seems to believe that this is just part of the growth strategy. They mentioned "future reinforcement" eight times during the conference call with Thursday exams.

Berkshire Hathaway, the largest with Kraft Heinz, dropped 1.71 per cent on New York Stock Exchange on Friday.


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