Campbell`s (NASDAQ:CPB) Stock

Campbell`s

The Campbell`s

Campbell Soup

Over the past 150-plus years, Campbell has evolved into a leading packaged food manufacturer in North America, with a portfolio that extends beyond its iconic red-and-white labeled canned soup. In fiscal 2024, snacks accounted for nearly half of its revenue, followed by soup (28%), other simple meals (17%), and beverages (7%). Outside its namesake, its brands include Pepperidge Farm, Goldfish, Snyder's of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and recently acquired Rao's (a deal that closed in March 2024). Around 90% of its revenue results from the US and the remainder from Canada and Latin America.

4 Stocks Analysts Love For Big Dividends In 2025: CNBC

News

Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Wall Street&#39;s Most Accurate Analysts Give Their Take On 3 Risk Off Stocks With Over 3% Dividend Yields

Affirm Card

Equities

Large Cap

Movers

AFRM

COHR

MBLY

PLTR

Several large-cap stocks saw significant declines last week, possibly due to wildfires in California and overall market weakness.

Mobileye, Palantir Tech And Affirm Are Among Top Large Cap Losers Last Week (Jan 6-10): Are The Others In Your Portfolio?

MDLZ



The Campbell&#39;s Co. (NASDAQ:CPB) recently changed its name from Campbell Soup Co. in November 2024. The new name better describes the consumer staples sector leader’s diverse portfolio of brands. Shares sold off

4 Reasons Campbell&#39;s Stock Could Serve Up Big Returns in 2025

The Campbell`s Co

Central Plains Bancshares, Inc. - Common Stock

Central Plains Bancshares Inc

ALS Ltd

Campbell`s's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) short percent of float has fallen 5.13% since its last report. The company recently reported that it has 16.38 million shares sold short, which is 8.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Campbell`s Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739565017_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Campbell`s has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Campbell`s's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Campbell`s's peer group average for short interest as a percentage of float is 5.66%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Campbell's?

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Altria Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>)</h3>
<ul>
<li>Dividend Yield: 7.65%</li>
<li>B of A Securities analyst Lisa Lewandowski upgraded the stock from Neutral to Buy and increased the price target from $55 to $65 on Dec. 6, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Barclays analyst Gaurav Jain maintained an Underweight rating and raised the price target from $45 to $46 on Nov. 6, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On Jan. 30, Altria Group posted quarterly sales of $5.974 billion beating the analyst consensus estimate of $5.046 billion.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1">MO news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045107/image-114.png" alt="" class="wp-image-780610" style="width:621px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045107/image-114.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045107/image-114-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045107/image-114-768x699.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">Flowers Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>)</h3>
<ul>
<li>Dividend Yield: 5.21%</li>
<li>DA Davidson analyst Brian Holland maintained a Neutral rating and cut the price target from $24 to $21 on Feb. 10, 2025. This analyst has an accuracy rate of 63%.</li>
<li>Deutsche Bank analyst Steve Powers maintained a Hold rating and increased the price target from $22 to $23 on May 9, 2024. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On Feb. 11, Flowers Foods priced its public offering of $500 million of 5.750% senior notes due 2035 and $300 million of 6.200% senior notes due 2055.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1">latest FLO news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="906" height="815" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045138/image-115.png" alt="" class="wp-image-780612" style="width:556px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045138/image-115.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045138/image-115-300x270.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045138/image-115-768x691.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
<h3 class="wp-block-heading">The Campbell&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>)</h3>
<ul>
<li>Dividend Yield: 3.89%</li>
<li>Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and cut the price target from $45 to $43 on Jan. 7, 2025. This analyst has an accuracy rate of 60%.</li>
<li>DA Davidson analyst Brian Holland maintained a Neutral rating with a price target of $51 on Dec. 4, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On Jan. 22, Campbell&#8217;s named Risa Cretella President of Meals &amp; Beverages Division.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest CPB <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1">news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="812" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045208/image-116.png" alt="" class="wp-image-780616" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045208/image-116.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045208/image-116-300x266.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13045208/image-116-768x682.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43655479/top-3-utilities-stocks-that-may-collapse-in-q1">Top 3 Utilities Stocks That May Collapse In Q1</a></li>
</ul>

Wall Street's Most Accurate Analysts Give Their Take On 3 Risk Off Stocks With Over 3% Dividend Yields

Stifel analyst Matthew Smith maintains Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Hold and lowers the price target from $47 to $40.

Stifel Maintains Hold on Campbell's, Lowers Price Target to $40

The Campbell`s's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) short percent of float has risen 10.98% since its last report. The company recently reported that it has 16.22 million shares sold short, which is 8.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>The Campbell`s Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737403215_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for The Campbell`s has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing The Campbell`s's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, The Campbell`s's peer group average for short interest as a percentage of float is 5.38%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into The Campbell's's Recent Short Interest

These nine large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares declined 21.83% amid overall market weakness due to a rise in yields.</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) stock fell 18.76%, probably due to wildfires in California.</li>
<li>Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) stock dipped 18.31% after the company reported worse-than-expected results and cut its FY25 adjusted EPS<a href="https://www.benzinga.com//node/42913319" target="_blank" rel="noreferrer noopener"> guidance and sales growth outlook</a>.</li>
<li>Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) stock declined 14.19%, probably due to wildfires in California.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) stock declined 12.59% after Truist Securities downgraded the stock from Buy to Hold and lowered <a href="https://www.benzinga.com/quote/on/analyst-ratings" target="_blank" rel="noreferrer noopener">its price forecast from $85 to $60</a>.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) stock fell 11.52% amid overall market weakness, driven by a rise in yields.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) shares decreased 10.66%, probably due to overall market weakness following recent economic data and a rise in yields.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares decreased 10.55%, probably due to overall market weakness.</li>
<li>The Campbell&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) stock lost 10.22% last week. Wells Fargo lowered the <a href="https://www.benzinga.com/quote/cpb/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast</a> on the stock from $45 to $43 but maintained an equal-weight rating.</li>
</ol>
Photo via Affirm
Read next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/01/42934713/walgreens-boots-alliance-aurora-innovation-and-delta-air-lines-are-among-top-large-cap-gainers-last-week-jan-6-10-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Walgreens Boots Alliance, Aurora Innovation And Delta Air Lines Are Among Top Large Cap Gainers Last Week (Jan 6-10): Are The Others In Your Portfolio?</a></li>
</ul>

Wells Fargo analyst Chris Carey maintains The Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Equal-Weight and lowers the price target from $45 to $43.

Wells Fargo Maintains Equal-Weight on The Campbell's, Lowers Price Target to $43

Barclays analyst Andrew Lazar maintains The Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Underweight and lowers the price target from $49 to $46.

Barclays Maintains Underweight on The Campbell's, Lowers Price Target to $46

The Campbell&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Thursday.</a>
RBC Capital Markets analyst Nik Modi reiterated the Sector Perform rating on the stock, <a target="_blank" href="https://www.benzinga.com/quote/CPB/analyst-ratings" rel="noreferrer noopener">with a price forecast of $51.</a>
According to the analyst, Sovos&#8217; results were better than expected and helped support M&amp;B, while the Salty Snacks and Cookies subcategories faced competition that negatively impacted the overall Snacks segment.
Despite the challenging consumer environment, which is still affecting performance, management has kept its FY25 guidance intact and expects steady growth in sales and market share in the second quarter, which should continue into the second half of the year.
However, the analyst is less optimistic about the consumer market and CPB&#8217;s categories than management is, which creates potential risks to earnings in Modi&#8217;s view.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42344440/teslas-path-to-400-bank-of-america-highlights-ev-ai-growth" rel="noreferrer noopener">Tesla&#8217;s Path To $400: Bank Of America Highlights EV, AI Growth</a>
The analyst notes that, in response to the first quarter results, Modi has adjusted their estimates for FY25 net sales growth to +9.2%, which remains unchanged, while organic sales growth is now projected at +0.4%, down from the previous estimate of +0.7%.
The analyst remains at the lower end of the guided ranges due to a slightly more cautious outlook on the momentum of the packaged food category compared to CPB management&#8217;s perspective.
Piper Sandler analyst Michael S. Lavery reiterated the Overweight rating on the stock, with a price forecast of $56, suggesting that the spending step-up is a near-term drag.
Lavery forecasts the second quarter of 2025 EPS to decline but projects average gains of 7-8% over the next six quarters. As a result, the analyst lowered the FY25 EPS estimate from $3.21 to $3.14 and the FY26 EPS estimate from $3.38 to $3.33.
In the second quarter of 2025, the analyst looks for sequential improvement in volume and share gains.
The Campbell&#8217;s Company is continuing to invest in Rao&#8217;s innovation and marketing in FY25.
The company is focusing on expanding into white sauces, which provides greater production flexibility since it doesn&#8217;t rely on Italian tomatoes. Additionally, Rao&#8217;s has potential for geographic expansion in Canada, the analyst writes.
Price Action: CPB shares are trading lower by 0.49% to $42.48 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42324802">Campbell&#8217;s Analyst Bearish After Q1 Mixed Results</a></li>
</ul>
Photo by JHVEPhoto via Shutterstock

General

Campbell's Company Faces Potential Earnings Risk Due To Consumer Challenges: Analysts

Stifel analyst Matthew Smith maintains The Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Hold and lowers the price target from $50 to $47.

Stifel Maintains Hold on The Campbell's, Lowers Price Target to $47

Citigroup analyst Thomas Palmer maintains The Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Sell and lowers the price target from $44 to $41.

Citigroup Maintains Sell on The Campbell's, Lowers Price Target to $41

RBC Capital analyst Nik Modi reiterates The Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Sector Perform and maintains $51 price target.

Reiteration

RBC Capital Reiterates Sector Perform on The Campbell's, Maintains $51 Price Target

Wells Fargo analyst Chris Carey maintains The Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Equal-Weight and lowers the price target from $51 to $45.

Wells Fargo Maintains Equal-Weight on The Campbell's, Lowers Price Target to $45

BofA Securities analyst Peter T. Galbo reiterated an Underperform rating on Campbell&#8217;s Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>), <a href="https://www.benzinga.com/quote/CPB/analyst-ratings" target="_blank" rel="noreferrer noopener">with a price target of $46.</a>
The company&#8217;s first-quarter net sales of $2.77 billion were slightly below estimates, with organic sales down 1% YoY, impacted by lower volume/mix and pricing.
Meals &amp; Beverages net sales were lower than expected, with organic sales 1.5 points below, driven by lower volume and price. The Sovo Brand contribution was higher than expected, at $310 million.
Snacks net sales were slightly below estimate, with organic sales in-line, though divestiture impacts from Pop Secret were worse than expected. Adjusted gross margin of 31.4% was 40bps below estimate, mainly due to the Sovo Brand acquisition.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/health-care/24/12/42316904/unitedhealthcare-ceo-brian-thompson-fatally-shot-outside-nyc-hotel" rel="noreferrer noopener">UnitedHealthcare CEO Brian Thompson Fatally Shot Outside NYC Hotel</a>
Adjusted operating income of $432 million exceeded estimates by $3 million, largely due to lower marketing and selling costs, the analyst noted.
The company announced Mark Clouse, president and CEO, will retire in January 2025 to become president of the NFL&#8217;s Washington Commanders. Mick Beekhuizen, currently president of Campbell&#8217;s Meals &amp; Beverages and former CFO, will succeed him.
Beekhuizen is familiar to the investment community and will take over Campbell&#8217;s updated long-term growth plan from the September 2024 investor day, the analyst wrote.
CPB Price Action: Campbell shares are trading lower by 5.85% to $42.87 at last check Wednesday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42273676/walmart-target-bath-body-works-stand-out-as-black-friday-winners-analysts" target="_blank" rel="noreferrer noopener">Walmart, Target, Bath &amp; Body Works Stand Out As Black Friday Winners: Analysts</a></li>
</ul>
Photo: JHVEPhoto via Shutterstock

Campbell's Analyst Bearish After Q1 Mixed Results

Wall Street extended its rally on Wednesday, driven by robust gains in technology stocks, as investor optimism around AI-fueled <a href="https://www.benzinga.com/markets">growth continued to strengthen.</a>
The Nasdaq 100 climbed 0.9%, pushing further into record territory following Tuesday&#8217;s highs. The S&amp;P 500 advanced 0.4%, hitting 6,077—a fresh record-high milestone—eyeing its twelfth gain in thirteen sessions.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) advanced over 2% by midday, breaking all-time highs previously set in November. The e-commerce giant&#8217;s gains were bolstered by strong early holiday sales and optimism stemming from the AWS annual conference, where AI <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42321567/amazon-hits-all-time-highs-eyes-best-2-year-rally-since-2010-cyber-season-marks-record-sales-aws-shines-with-ai-innovations">advancements took center stage.</a>
Fresh economic data offered a mixed narrative. The ISM services index showed a slower-than-expected growth in November, while ADP reported private payroll growth of 146,000 for the month, slightly under the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42314234/private-employers-add-fewer-than-predicted-jobs-in-november-manufacturing-was-the-weakest-weve-seen-since-spring">consensus estimate of 150,000.</a>
St. Louis Federal Reserve President Alberto Musalem struck a cautious tone on monetary policy, suggesting a potential slowdown or pause in the pace of interest rate cuts <a href="https://www.benzinga.com/news/econ-s/24/12/42316647/interest-rate-cut-in-december-st-louis-feds-musalem-urges-patient-approach-in-last-mile-to-2">might soon be warranted.</a>
The dollar weakened after the ISM report, while U.S. Treasury yields erased earlier gains and remained steady by midday.
In commodities, gold added 0.3%, while natural gas and crude oil prices declined 2.6% and 1%, respectively.
Meanwhile, the cryptocurrency market struggled to keep up with the broader risk-on mood. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipped 0.2%, trading just above $95,000
<h2 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg</td>
<td>%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,428.69</td>
<td>+199.37</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,073.20</td>
<td>+23.32</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,864.46</td>
<td>+158.93</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,422.11</td>
<td>+5.76</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $606.41.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $449.79.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1% to $521.87.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.3% to $240.68.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 1.6%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 2.4%.</li>
</ul>
<h2 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h2>
<ul>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) rose over 7% in reaction to its quarterly results, which delivered slightly lower-than-expected earnings. </li>
<li>Other stocks reacting to earnings included Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) up 24%, Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) up 4.8%, The Campbells Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) down 6%, Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) up 2.4%, and Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) down 3.8%.</li>
<li>Companies slated to report their earnings after the close are Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>), PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) and Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>). </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42319796/tesla-analyst-lowers-q4-delivery-estimate-says-2-dynamics-will-determine-ev-stocks-valuation">Tesla Analyst Lowers Q4 Delivery Estimate, Says 2 Dynamics Will Determine EV Stock&#8217;s Valuation</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Earnings

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

Tech

ETFs

$BTC

AMZN

CHWY

SPDR Dow Jones Industrial Average ETF Trust

DLTR

FIVE

MRVL

OKTA

PSTG

SNPS

Tech Stocks Extend Record Highs On AI Optimism, Marvell Rockets, Bitcoin Hovers Near $95,000: What's Driving Markets Wednesday?

DA Davidson analyst Brian Holland maintains The Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Neutral and maintains $51 price target.

DA Davidson Maintains Neutral on The Campbell's, Maintains $51 Price Target

Stephens &amp; Co. analyst Jim Salera reiterates The Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) from Overweight to Overweight.

Stephens & Co. Reiterates Overweight on The Campbell'sto Overweight

WIIM

Campbell Soup shares are trading lower after the company reported Q1 sales that missed analyst estimates, despite better-than-expected adjusted EPS. Additionally, the company announced Mick Beekhuizen will succeed Mark Clouse as CEO, effective February 1, 2025.

Full-Year Fiscal 2025 Guidance: Based on the company's first quarter performance, Campbell's is re-affirming its full-year fiscal 2025 guidance provided on August 29, 2024. Guidance ranges reflect a balance between expected sequential progress and pragmatism as the company continues to navigate the dynamic consumer environment and uneven category recovery. The upper end of the range anticipates a quicker normalization of the consumer environment while the lower end of the range assumes a slower, more conservative pace of recovery.

Comments

Campbell`s

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga