Latest news for KonaRed (OTC:KRED) Stock

KonaRed Corp is engaged in the business of distributing, marketing and selling of retail sale the food and beverage products based on the fruit of the coffee plant. Its products are coffee fruit wellness drink and KonaRed Antioxidant Juice. The company produces Ready to Drink 12oz Cold Brew Coffee varieties, Bag in the Box, Key Kegs, a complete line of whole bean and ground Kona Coffee Beans including RTD Antioxidant Juices and Hawaiian Coffee Fruit nutritional supplements. It also has an industrial ingredient supply division. Its products are sold throughout the US and can be found in select Vons, Albertsons, Publix, Pavilions, Costco, Ralphs, Fred Meyer, King Soopers, Smiths, Kroger, Safeway, Vitamin Shoppe, Target, Whole Foods, 7-Eleven, and many other retail outlets.

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KRED

MNST

REED

TBEV

5 Smaller Beverage Companies Gunning For The Big Boys

KonaRed Corp

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) faces yet another challenge as Washington state factory workers voted overwhelmingly in favor of a strike mandate, amid the workers' demand for a 40% raise during their first full <a target="_blank" href="https://www.benzinga.com/topic/boeing" rel="noreferrer noopener">negotiation with Boeing </a>in 16 years.
Union members, representing around 30,000 workers who manufacture Boeing's 737 MAX and other jets, had cast their votes in Seattle's T-Mobile Park.
The mandate, which has more than 99% approval, highlights the workers' determination. However, Reuters reported that they cannot strike before their contract expires on September 12.
Boeing's labor negotiations are unfolding as the company grapples with <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39694403/why-boeings-shares-are-flying-lower-on-tuesday" rel="noreferrer noopener">losing market share</a> to Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) and dealing with a crisis following a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36523143/im-going-to-die-passengers-experience-15-minute-nightmare-during-alaska-airs-harrowing-emergency" rel="noreferrer noopener">mid-air incident involving</a> Alaska Air Group Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) 737 MAX and other legal issues.
North American unions have leveraged tight labor markets to secure substantial contracts, with pilots, auto workers, and others achieving significant raises.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39818420/boeings-737-max-crisis-ripple-effects-disrupt-airlines-suppliers" rel="noreferrer noopener">Boeing's 737 MAX Crisis Ripple Effects Disrupt Airlines, Suppliers</a>
Union local president Jon Holden of the International Association of Machinists and Aerospace Workers (IAM) criticized Boeing's executive decisions, stating they jeopardize workers' livelihoods.
Holden emphasized the importance of the vote, noting it empowers the negotiating committee and sends a powerful message.
Boeing, referencing an earlier statement, expressed confidence in reaching a deal that meets both employee needs and business realities.
The strike mandate allows the union to allocate funds for potential future strikes, with workers ready to take action if necessary.
Boeing employs over 66,000 people in Washington state, contributing to programs like the MAX, 767, and 777 jets.
Boeing stock has lost more than 12% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: At the last check on Thursday, BA shares were trading higher by 0.09% at $184.99 in the premarket.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39788122/judge-allots-time-for-boeing-737-max-crash-victims-relatives-to-object-plea-deal-report" target="_blank" rel="noreferrer noopener">Judge Allots Time For Boeing 737 MAX Crash Victims' Relatives To Object Plea Deal: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

News

Tech

General

European Aeronautic Defence And Space Unsponsored

EADSY

iShares Dow Jones US Aerospace & Defense Index Fund

Boeing Workers Vote For Strike Mandate

Macro Economic Events

Econ #s

Economics

USA Continuing Jobless Claims 1,867 Vs 1,860K Est.; 1,847 Prior

Macro Notification

USA Initial Jobless Claims 243K Vs 229K Est.; 223K Prior

Philadelphia Fed Manufacturing Index (Jul) 13.9 vs 2.7 Est.

UBS analyst Batya Levi initiates coverage on Frontier Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) with a Buy rating and announces Price Target of $33.

Price Target

Initiation

Analyst Ratings

FYBR

UBS Initiates Coverage On Frontier Communications with Buy Rating, Announces Price Target of $33

NKGN: 88% &#x7C; <a href="https://www.benzinga.com//node/39836538">NKGen Biotech Will Present New Biomarker Data On SNK01 In Alzheimer's Disease During A Poster Presentation At The Upcoming Alzheimer's Association International Conference From July 28 – August 1</a>
&nbsp;
AGEN: -63% &#x7C; <a href="https://www.benzinga.com//node/39835717">Agenus shares are trading lower after the company announced the FDA discouraged an accelerated approval pathway at the end-of-Phase 2 meeting.</a>
&nbsp;
BYND: -25% &#x7C; <a href="https://www.benzinga.com//node/39833679">Beyond Meat shares are trading lower following a report suggesting the company's liquidity has weakened and it is engaging bondholders for debt discussions.</a>

Movers

Trading Ideas

AGEN

BYND

NKGN

Market-Moving News for July 18th

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/07/17/final-trades-cisco-systems-arch-capital-pfizer-and-the-cowz.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management said he is staying long on Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>).
On July 11, Pfizer announced it will advance the development of Danuglipron. The company selected the once-daily weight loss drug for continued advancement based on an <a href="https://www.benzinga.com/news/24/07/39736144/why-pfizer-stock-is-moving-higher-on-thursday">ongoing pharmacokinetic study</a>.
Bryn Talkington of Requisite Capital Management named Pacer US Cash Cows 100 ETF (CBOE: COWZ) as her final trade.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joe Terranova of Virtus Investment Partners picked Arch Capital Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NASDAQ">ACGL</a>), which is a financial stock.
Arch Capital Group will release its its second quarter results after the closing bell on Tuesday, July 30. Analysts expect the company to report quarterly earnings at $2.21 per share, up from $1.92 per share in the year-ago period. The company is projected to post quarterly revenue of $3.99 billion, compared to $3.34 billion a year earlier.
Jim Lebenthal of Cerity Partners said higher highs and higher lows shows the downtrend is over in Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) stock.
Cisco is reportedly planning to establish a cybersecurity center in Taiwan and collaborate with the local government to expand the cybersecurity workforce. The company unveiled the initiative as part of its ongoing efforts to enhance digital security infrastructure in regions facing high cyber threat levels, reported Reuters.
Price Action:
<ul>
<li>Pfizer shares gained 1.8% to close at $30.03 on Wednesday.</li>
<li>Pacer US Cash Cows 100 ETF slipped 0.1% during Wednesday's session.</li>
<li>Arch Capital shares gained 0.8% to close at $97.87 on Wednesday.</li>
<li>Cisco shares gained 2.3% to close at $48.52 during Wednesday's session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/24/07/39814468/alphabet-crowdstrike-and-2-other-stocks-insiders-are-selling">Alphabet, CrowdStrike And 2 Other Stocks Insiders Are Selling</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

ACGL

COWZ

CSCO

Pfizer, Cisco, Arch Capital And More: CNBC's 'Final Trades'

Australian iron ore mining giant Fortescue (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSUMF#OTC">FSUMF</a>) has hit the brakes on ambitious plans to transform into a green hydrogen leader. Management has announced an overhaul after a turbulent period that saw multiple<a href="https://www.benzinga.com/news/large-cap/24/06/39410710/fortescues-transition-to-green-energy-rocked-by-falling-iron-ore-prices-executive-turnover"> senior executive departures</a>.
While iron ore still generates most of the company's revenue, its founder and executive chairman, Andrew Forrest, has been steering towards green technologies. Still, a Fortescue spokesperson<a href="https://www.bloomberg.com/news/articles/2024-07-17/fortescue-cuts-700-jobs-and-appoints-new-chief-financial-officer"> told</a> Bloomberg that the company&#8217;s goal of producing 15 million tons of green hydrogen annually by 2030 has been put on hold owing to higher energy prices.
In a statement on Wednesday, Fortescue announced the job cuts as part of an effort to simplify the business structure. However, the company did not specify which departments would be affected by these layoffs.
&#8220;It&#8217;s a business that&#8217;s run hard around its decarbonization strategy. And whilst they haven&#8217;t pointed to which divisions are affected, that part of the business has continued to burn a lot of capital,&#8221; said Jarden Securities analyst Jon Bishop.
Now Read:<a href="https://www.benzinga.com/news/24/07/39796005/rio-tinto-reports-strong-first-half-with-major-gains-in-iron-ore-bauxite-copper-lithium-production"> Rio Tinto Reports Strong First Half With Major Gains In Iron Ore, Bauxite, Copper, Lithium Production</a>
Green hydrogen, produced by splitting water into hydrogen and oxygen molecules using renewable energy, has yet to be commercially viable anywhere in the world. Fortescue currently produces a relatively small amount at a plant in the Pilbara region of Western Australia, and recently committed to three additional projects with an investment of around $750 million.
&#8220;Our vision for Fortescue has not changed,&#8221; Forrest said. &#8220;I truly believe in the power that green hydrogen will unlock for decarbonizing hard-to-abate industry,&#8221; he noted, adding that Fortescue would continue to focus on green electricity in the Pilbara region and North Africa and green hydrogen in places like Brazil and Norway.
Per AFR's<a href="https://www.afr.com/chanticleer/reality-bites-for-forrest-s-hydrogen-dream-investors-won-t-mind-20240717-p5juid"> report</a>, Forrest also noted that the wars in Ukraine and the Middle East have increased global energy prices, making large-scale green hydrogen production unviable. &#8220;In that environment, you&#8217;re not going to bring in major sources of green hydrogen, which relies on cheap energy prices,&#8221; he told the newspaper.
Despite these setbacks, Fortescue remains committed to its green energy projects. The company is advancing plans for an advanced manufacturing facility in Michigan and has established an office in New York to attract further investment into its green energy ventures.
In addition to the restructuring, Fortescue announced key executive appointments. Apple Paget, who has been acting as chief financial officer for the past 11 months, will assume the role permanently. Meanwhile, Shelley Robertson, who joined Fortescue nine months ago as chief corporate officer, has been appointed chief operating officer.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39819805/bp-secures-funding-for-advanced-green-hydrogen-plant-in-germany"> BP Secures Funding for Advanced Green Hydrogen Plant in Germany</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Photo: Shutterstock

Large Cap

Commodities

FSUMF

Fortescue Delays Green Hydrogen Ambitions, Reaffirms Commitment To Future Projects

Citigroup analyst Paul Lejuez upgrades VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) from Neutral to Buy and raises the price target from $11 to $20.

Upgrades

Citigroup Upgrades VF to Buy, Raises Price Target to $20

American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) will release its second-quarter financial results, before the <a href="https://www.benzinga.com/quote/axp/earnings">opening bell on Friday, July 19.</a>
Analysts expect the New York-based company to report quarterly earnings at $3.25 per share, up from $2.89 per share in the year-ago period. American Express will post revenue of $16.59 billion, compared to $15.05 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 16, Compass Point analyst David Rochester initiated coverage on American Express with a Neutral rating and announced a price target of&nbsp;$260.
With the recent buzz around American Express, some investors may be eyeing potential gains from the company's dividends, too. As of now, American Express offers an annual dividend yield of 1.12%. That&#8217;s a quarterly dividend amount of 70 cents per share ($2.80 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $535,664 or around 2,143 shares. For a more modest $100 per month or $1,200 per year, you would need $107,233 or around 429 shares.
Read This: <a href="https://www.benzinga.com/news/24/07/39814468/alphabet-crowdstrike-and-2-other-stocks-insiders-are-selling">Alphabet, CrowdStrike And 2 Other Stocks Insiders Are Selling</a>
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.80 in this case). So, $6,000 / $2.80 = 2,143 ($500 per month), and $1,200 / $2.80 = 429 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
AXP Price Action: Shares of American Express rose 0.1% to close at $249.96 on Wednesday.
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39815137/top-3-industrials-stocks-that-could-sink-your-portfolio-this-month">Top 3 Industrials Stocks That Could Sink Your Portfolio This Month</a></li>
</ul>
<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?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>

Earnings

How To Earn $500 A Month From American Express Stock Ahead Of Q2 Earnings

Biotech

SILO

Silo Pharma Announces Device And CMC Development Master Plan With Resyca BV For Nose-To-Brain Drug Delivery; Promising Safety And Therapeutic Benefit Observed; Plan Supports IND-Enabling Studies For Lead Candidate SPC-15, An Intranasal Treatment For PTSD

WIIM

BankUnited shares are trading higher after the company reported better-than-expected Q2 financial results.

VIRT

Virtu Financial shares are trading higher after the company reported better-than-expected Q2 financial results.

Nokia shares are trading lower after the company reported mixed Q2 financial results.

NKGen Biotech shares are trading higher after the company announced it will present new SNK01 biomarker data at the Alzheimer's Association International Conference.

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, 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 our <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 materials sector.
<h3 class="wp-block-heading">Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</h3>
<ul>
<li>Dividend Yield: 5.05%</li>
<li>Mizuho analyst John Roberts maintained a Neutral rating and increased the price target from $55 to $62 on April 26. This analyst has an accuracy rate of 77%.</li>
<li>JP Morgan analyst Jeffrey Zekauskas upgraded the stock from Neutral to Overweight and boosted the price target from $55 to $61 on April 26. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On June 20, , Dow signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest DOW news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="685" height="716" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052217/Screenshot-2024-07-18-at-2.52.06-PM.png" alt="" class="wp-image-442560" style="width:312px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052217/Screenshot-2024-07-18-at-2.52.06-PM.png 685w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052217/Screenshot-2024-07-18-at-2.52.06-PM-287x300.png 287w" sizes="(max-width: 685px) 100vw, 685px" /></a></figure>
<h3 class="wp-block-heading">Huntsman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUN#NYSE">HUN</a>)</h3>
<ul>
<li>Dividend Yield: 4.22%</li>
<li>Wells Fargo analyst Michael Sison maintained an Overweight rating and cut the price target from $32 to $28 on July 11. This analyst has an accuracy rate of 71%.</li>
<li>JP Morgan analyst Jeffrey Zekauskasupgraded the stock from Underweight to Overweight and boosted the price target from $22 to $27 on June 7. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: Huntsman is scheduled to hold a conference call on Tuesday, Aug. 6, 2024, to discuss its second quarter financial results.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1">trend in HUN's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="693" height="745" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052250/Screenshot-2024-07-18-at-2.52.45-PM.png" alt="" class="wp-image-442561" style="width:479px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052250/Screenshot-2024-07-18-at-2.52.45-PM.png 693w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052250/Screenshot-2024-07-18-at-2.52.45-PM-279x300.png 279w" sizes="(max-width: 693px) 100vw, 693px" /></a></figure>
<h3 class="wp-block-heading">The Scotts Miracle-Gro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>)</h3>
<ul>
<li>Dividend Yield: 3.93%</li>
<li>JP Morgan analyst Jeffrey Zekauskasmaintained an Overweight rating and raised the price target from $70 to $85 on April 5. This analyst has an accuracy rate of 70%.</li>
<li>Raymond James analyst Joseph Altobello downgraded the stock from Strong Buy to Market Perform on March 25. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On June 6, ScottsMiracle-Gro said it now sees non-GAAP adjusted EBITDA of $530 million to $540 million versus earlier outlook of $575 million.</li>
<li>Benzinga Pro's earnings calendar was used to monitor <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1">SMG's upcoming earnings</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="647" height="740" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052412/Screenshot-2024-07-18-at-2.54.05-PM.png" alt="" class="wp-image-442562" style="width:414px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052412/Screenshot-2024-07-18-at-2.54.05-PM.png 647w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/18052412/Screenshot-2024-07-18-at-2.54.05-PM-262x300.png 262w" sizes="(max-width: 647px) 100vw, 647px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39814553/jim-cramer-says-dont-sell-match-group-youve-just-got-a-very-very-smart-investor-in-there">Jim Cramer Says Don&#8217;t Sell Match Group: &#8216;You&#8217;ve Just Got A Very, Very Smart Investor In There</a>&#8216;</li>
</ul>
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<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?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>

Dividends

Pre-Market Outlook

Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

M&T Bank shares are trading higher after the company reported better-than-expected Q2 financial results.

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.
Shares of Leslie&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) fell sharply in today's pre-market trading after the company issued preliminary third-quarter financial results below estimates and <a href="https://www.benzinga.com/news/earnings/24/07/39826675/leslies-stock-is-underwater-after-hours-diving-into-the-details">cut its FY24 guidance</a>.
After the market close on Wednesday, Leslie's announced it now expects third-quarter revenue of approximately $570 million versus estimates of $615.407 million. The pool supply company anticipates third-quarter adjusted earnings of 32 cents to 33 cents per share versus <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> estimates of 42 cents per share.
Leslie's also cut its full-year 2024 revenue guidance from a range of $1.141 billion to $1.47 billion to a new range of $1321 billion to $1.347 billion. The company slashed its adjusted earnings forecast from a range of 25 cents to 33 cents per share to a new range of 3 cents to 9 cents per share.
Leslie&#8217;s shares dipped 22.6% to $3.16 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares fell 11.7% to $6.33 in pre-market trading following a report suggesting the company&#8217;s liquidity has weakened and it is engaging bondholders for debt discussions.</li>
<li>Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) shares declined 9.1% to $430.00 in pre-market trading after the company reported mixed second-quarter results.</li>
<li>Stardust Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) shares fell 8.1% to $22.50 in pre-market trading after jumping around 145% on Wednesday.</li>
<li>ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) shares declined 7.1% to $12.35 in pre-market trading following a 3% drop in the previous session.</li>
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) shares declined 5.3% to $25.04 in pre-market trading. Morgan Stanley analyst Alex Straton downgraded Foot Locker from Equal-Weight to Underweight and lowered the price target from $24 to $18.</li>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) fell 5.1% to $3.70 in pre-market trading following second-quarter results.</li>
<li>agilon health, inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGL#NYSE">AGL</a>) shares fell 4.8% to $7.02 in pre-market trading. agilon health recently appointed Karthik Rao, M.D., as Chief Medical Officer.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares slipped 4.4% to $2.41 in pre-market trading after falling over 6% on Wednesday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39814553/jim-cramer-says-dont-sell-match-group-youve-just-got-a-very-very-smart-investor-in-there">Jim Cramer Says Don&#8217;t Sell Match Group: &#8216;You&#8217;ve Just Got A Very, Very Smart Investor In There</a>&#8216;</li>
</ul>

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Leslie's Issues Preliminary Financial Results, Joins Beyond Meat, Domino's And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Barclays analyst Lauren Lieberman downgrades Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) from Equal-Weight to Underweight and lowers the price target from $55 to $47.

Downgrades

Barclays Downgrades Molson Coors Beverage to Underweight, Lowers Price Target to $47

<ul>
<li>Ford adds a third North American assembly plant to meet Ford Pro customer demand for one of its most popular and profitable vehicles; adding initial capacity for 100,000 F-Series Super Duty trucks, including future multi-energy technology, at Oakville Assembly Complex in Ontario, Canada</li>
<li>The move supports the Ford+ plan for profitable growth, including maximizing Ford's manufacturing footprint, extending global truck leadership and expanding its Ford Pro commercial business</li>
<li>Ford will make efficient investments to expand Super Duty production, initially securing approximately 1,800 jobs at Oakville Assembly Complex and adding about 150 jobs at Windsor Engine Complex, while adding roughly 70 jobs and additional overtime at U.S. component plants</li>
<li>Ford remains committed to developing a growing and profitable electric vehicle business, including three-row electric utility vehicles, leveraging its experience as a leader in U.S. three-row utilities and America's No. 2 electric vehicle brand</li>
</ul>
Ford Motor Company today announced plans to assemble F-Series Super Duty pickups at its Oakville Assembly Complex in Ontario, Canada, starting in 2026, boosting production of one of the company's most popular and profitable vehicles.
The move to add production of up to 100,000 units of its best-selling Super Duty to Oakville expands Super Duty production across three plants in North America, including Kentucky Truck Plant and Ohio Assembly Plant, which are operating at full capacity. It also paves the way to bring multi-energy technology to the next generation of Super Duty trucks, giving customers more freedom of choice and supporting Ford's electrification plans.

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Ford Pro Demand Drives F-Series Super Duty Production Expansion To Canada, Plans To Invest ~$3B To Expand Super Duty Production

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Thinking about buying stock in Sos Ltd - ADR, Konared Corp, Avalon Globocare Corp, VERSES AI Inc, or Tellurian Inc?

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KonaRed

In the past decade or so the alternative beverage industry has caught fire. Major beverage companies such as Coca-Cola and Pepsi have suddenly found themselves fighting for market share against formerly unknown competitors. Part of the reason for the situation has to do with changing customer tastes. But it is also possible that many of the smaller beverage companies caught the giants sleeping by developing newer offerings, such as the now ubiquitous energy drink. The smaller companies have also been far more prone to experiment with new tastes and formulations which the giants are too afraid to try. While the beverage giants certainly still have a firm grip on the overall industry, their recent disappointing earnings may show the first major cracks in the beverage status quo. 

	National Beverage (NASDAQ: <a class="ticker" href="/stock/fizz#NASDAQ">FIZZ</a>)

	National Beverage Corp is a flavored drink manufacturer based in Fort Lauderdale, Florida. The company was originally founded in the 1980s and grew to include such recognizable brands as Shasta sodas, Everfresh fruit juices, and Rip It energy drinks. Though National Beverage Corp is considered a “second tier” beverage manufacturer, the company is among the top ten flavored beverage manufacturers in the country. As an example of the company's explosive growth, the company's stock opened at $13.80 on March 12, 2013 – and closed at $21.26 one year later on March 11, 2014 for a 54 percent gain.

	High Performance Beverages (OTCQB: <a class="ticker" href="/stock/tbev#OTCQB">TBEV</a>)

	High Performance Beverages caters to the younger crowd and mostly targets fans of popular combat sport mixed martial arts (MMA.) The company's flagship product is Dethrone beverage, which is said to be a unique drink which offers athletes benefits combining those found in both energy drinks and nutritional supplement beverages. In March 2013 the company announced a partnership with Mussetter Distributing, which has major operations in the state of California, but the company is still in the process of securing the venture capital needed to take its product offerings to the masses.

	Monster (NASDAQ: <a class="ticker" href="/stock/mnst#NASDAQ">MNST</a>)

	Monster Energy Drink company was founded in 2002, and has grown to national prominence through an effective strategy of extreme sports sponsorships - which eventually expanded to include sponsorships of music artists and other cultural icons. The company, which began with just one drink formulation, now has over 30 drink formulations in production, with virtually all being some variation on the caffeinated energy drink motif. Though the company is not owned outright by Coca-Cola, Monster did announce in 2012 that it would use Coca-Cola's distribution channels in a partnership with the company. Monster is up big time after the announcement, and has gained 57 percent over the past 12 months.

	Reed&#39;s, Inc.(NYSE: <a class="ticker" href="/stock/reed#NYSE MKT">REED</a>)

	The story goes that Reed's beverage company got its beginning when Chris Reed found a 100 year old beverage recipe in the UCLA library, and decided to brew it as an experiment. The company sold its first beverages to the public in 1989, which included a Caribbean style “homebrewed” ginger soda. The line has since grown to include various ginger beverages, root beer, and even ice creams and even candies. The company's products are currently sold at over 14,000 stores in the United States. The past 12 months has seen phenomenal stock price appreciation for the company, which is now trading up 75 percent above where it was just one year ago.

	Konared Corp(OTCQB: <a class="ticker" href="/stock/kred#OTCQB">KRED</a>)

	Konared's mission is to reintroduce the world to coffee. Unlike many other start-ups which focus on providing yet another way to enjoy traditional coffee, which is made from toasted and pulverized coffee beans, Konared actually makes use of the coffee berry in order to produce its beverage. On its website the company explains that the berry which surrounds the coffee bean is removed, processed, and blended into a unique coffee treat which tastes quite different from traditional coffee. Though Konared's stock is still firmly in penny stock territory, its return for the past 12 months is sitting firmly at 25 percent.

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Wednesday, March 05, 2014