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Karat Packaging (NASDAQ:KRT) Stock, Option Chain

Karat Packaging

Karat Packaging Inc is engaged in the manufacturing and distribution of disposable products used in restaurants and food service settings. It offers products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. These products are available in plastic, paper, biopolymer-based and other compostable forms. Its product line includes a variety of brands such as Tea Zone, Karat, Karat Earth, and Total Clean.

Investire in dividendi: le azioni con i migliori rendimenti del 2024

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Wall Street&#39;s Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields

Wall Street&#39;s Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields

Karat Packaging Inc

TerraKRW

KRTL HOLDING GROUP INC by KRTL Holding Group, Inc

KRTL Holding Group Inc

KARUNA THERAPEUTICS INC COM

After a heated election cycle, many people feel anxious and uncertain about the political and financial future. <a href="https://www.benzinga.com/personal-finance/24/11/41991146/suze-orman-says-this-investment-can-make-your-kids-rich-by-retirement-you-have-a-golden-opportunity-to-launch-them-to-their-first-million">Suze Orman</a>, financial expert and host of the Women &amp; Money podcast, has heard countless listeners expressing fear, anger and worry in the aftermath of the election. In her postelection <a href="https://omny.fm/shows/suze-ormans-women-and-money/stay-the-course-and-make-money">podcast episode</a>, she offered a calming perspective, urging her audience to stay grounded, avoid giving in to political fear and focus on their financial path.
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Orman acknowledged the deep emotional reactions that many people are having, especially with such a divisive political climate. She shared that she, too, preferred who should win the election but emphasized that now is a time to come together and focus on what matters: personal well-being and financial stability.&nbsp;
"What you have to do is live in the present," Orman said. "Live in what is happening at this very moment in time." She advised listeners against making drastic decisions out of fear – such as pulling money from FDIC-insured accounts or abandoning the stock market altogether. Instead, she stressed that individuals should trust their ability to navigate challenges in the present and focus on building long-term wealth that doesn't depend on political outcomes.&nbsp;
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">You can still get 4,000 of its pre-IPO shares for with $1,000 for just $0.25/share</a>
Orman reminds her audience that true wealth doesn't just stem from money. "When I say wealth, the definition is that which can never diminish, that can never be taken from you." She encouraged people to focus on cultivating internal wealth – knowing their thoughts, being true to themselves and standing by their values regardless of what others think.&nbsp;
She also highlighted the nature of <a href="https://www.benzinga.com/personal-finance/24/11/41949050/bill-gates-warned-the-u-s-will-experience-another-2008-style-financial-crisis-he-cant-predict-when-but-says-this-is-a-certainty">financial crises</a> and disasters that have occurred over the years and that, while there is a recovery period, people must recover and rebuild. "Money can always come and always go," she said. However, personal resilience, integrity and a clear financial strategy remain constant.
See Also: <a href="https://www.benzinga.com/money/100k-cd">$100K Sitting In A CD Account, Should I Move Money Into The Stock Market?</a>
For those feeling overwhelmed by what the future may bring, particularly regarding finances, Orman stressed the need to focus on the basics of financial empowerment. Understanding your investments, practicing <a href="https://www.benzinga.com/personal-finance/24/08/40430034/you-look-at-what-you-had-not-what-you-have-and-other-investor-mistakes-that-suze-orman-says-you-">dollar-cost averaging</a> and staying involved with your money are some steps she outlines for creating financial security.
"If you could just focus on all that, then at least you can empower your own life and have the resources to make changes if you need to do so," Orman told listeners.&nbsp;
Instead of letting political fear dictate financial decisions, Orman encouraged her listeners to stay grounded in the present. The future will unfold, but how you respond today, focusing on your financial goals, truly matters. She concluded with a reminder that regardless of the political landscape, personal <a href="https://www.benzinga.com/personal-finance/24/10/41492499/53-of-gen-x-parents-have-serious-fears-their-kids-wont-be-financially-independent-adults-and-the">financial independence</a> is within reach for anyone willing to take control of their financial path.
Read Next:
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li>‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a></li>
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Personal Finance

Suze Orman's Post-Election Advice: 'Stay Grounded, Focus on Your Financial Path, Not Political Fear'

In the current market session, JM Smucker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) price is at $109.62, after a 2.53% increase. However, over the past month, the stock decreased by 6.99%, and in the past year, by 2.42%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1731953711_0.png" alt="Past Year Chart" />

<h3>Evaluating JM Smucker P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 28.41 in the Food Products industry, JM Smucker Inc. has a lower P/E ratio of 15.1. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1731953711_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for JM Smucker

Risk sentiment edged higher on Monday, rebounding after two consecutive losing sessions and the worst week for the U.S. stock market since early September, as pressures from dollar <a href="https://www.benzinga.com/news/econ-s">and Treasury yields faded.</a>
All 11 sectors of the S&amp;P 500 traded in positive territory, with consumer discretionary stocks outperforming, thanks to a 7% surge in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). 
The electric vehicle maker's rally followed reports the incoming Donald Trump administration plans to prioritize a federal framework for fully autonomous vehicles. According to <a href="https://www.bloomberg.com/news/articles/2024-11-17/trump-team-said-to-want-to-ease-us-rules-for-self-driving-cars">Bloomberg</a>, the Department of Transportation could soon place this framework at the top of its agenda.
The tech-heavy Nasdaq 100 outperformed both the S&amp;P 500 and the Dow Jones Industrial Average on Monday. Gains in commodities also stood out, as gold, crude oil natural gas prices all posted strong rebounds amid escalating geopolitical tensions between <a href="https://www.benzinga.com/news/econ-s/24/11/42038707/gold-natural-gas-prices-rally-us-russia-tensions-escalate-over-ukraines-long-range-strikes">the U.S. and Russia. </a>
The U.S. dollar paused its recent rally after marking seven consecutive weeks of gains through Friday. Treasury yields, meanwhile, were flat, as the session lacked significant economic data or fresh comments from Federal Reserve officials to provide market direction.
The cryptocurrency market remained on fire, with Bitcoin (CRYPTO: BTC) surging 1.5% past the $92,000 mark and setting the stage for a potential record-high close. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also advanced, rising 3% on the day. 
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,547.68</td>
<td>0.8%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,315.20</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,897.81</td>
<td>0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,504.83</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111824&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 $587.87.</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;flattened at $434.49.</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>) rose 0.7% to $499.91.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.5% to $229.72.</li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 1.2%. The&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, up 0.1%.</li>
</ul>
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) fell 3.7% after<a href="https://www.benzinga.com/real-estate/reit/24/11/42044923/goldman-sachs-turns-bearish-on-redfin-affordability-could-weigh-on-a-housing-recovery"> Goldman Sachs downgraded</a> the stock from &#8220;Neutral&#8221; to &#8220;Sell.&#8221;</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) rallied 18% after the company announced plans to submit a compliance proposal to Nasdaq by Monday to avoid delisting.</li>
<li>Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) rose 9.3% on Monday after the company revealed an expanded partnership with online travel agency Priceline, under which Affirm will serve as the pay-over-time provider for Priceline Partner Solutions.</li>
<li>Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>) dropped more than 7% as concerns over potential regulations on fully autonomous vehicles raised questions about the company's business model.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) declined 5% due to profit-taking after an 11% rally on Friday, which had pushed the AI-defense company's year-to-date gains to nearly 290%.</li>
</ul>
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42042411/inflation-could-surge-to-3-if-trump-applies-universal-tariffs-goldman-sachs">Inflation Could Surge To 3% If Trump Applies Universal Tariffs: Goldman Sachs</a></li>
</ul>
Photo: Shutterstock

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Select Sector SPDR-Consumer Discretionary

US Stocks Rebound, Tesla Rallies, Bitcoin Soars Above $92,000: What's Driving Markets Monday?

WIIM

Uber shares are trading lower. Weakness may be due to competition concerns on reports indicating President-elect Donald Trump plans to ease restrictions for self-driving vehicles.

SRTS

Sensus Healthcare shares are trading higher after HC Wainwright maintained a Buy rating on the stock and raised its price target form $10 to $11.

HSDT

Helius Medical Technologies shares are trading lower after the company announced it initiated the process to explore a range of strategic alternatives.

CLDI

Calidi Biotherapeutics shares are trading higher after the company announced it presented data at the International Oncolytic Virotherapy Conference and the Society for Immunotherapy of Cancer Annual Meeting.

Shares of Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) are trading higher Monday. The company said it <a href="https://www.benzinga.com/24/11/42044510/warner-bros-stock-jumps-after-securing-11-year-nba-deal-extension">has reached a deal</a> with the National Basketball Association. The agreement will extend the media partnership for an additional 11 years. Warner Bros also said that it has resolved all recent disputes related to the NBA's media agreement.
This development has made Warner Bros. our Stock of the Day.
Warner Bros sued the NBA in July. This occurred after the league gave broadcast rights to Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), ESPN, and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). This was to be an 11-year deal worth $77 billion.
Warner Bros said this was a violation of their agreement. A clause in the contract stated that the company had the right to match offers from a third party.
The chart of Warner Bros illustrates an important technical analysis dynamic that is common in the financial markets. Certain price levels can have more importance than others. As you can see on the chart, this has been the case with the $9.25 level for the stock.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-1024x526.webp" alt="" class="wp-image-653534" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-1024x526.webp 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-300x154.webp 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-768x394.webp 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd-1536x788.webp 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18125142/wbd.webp 1584w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/news/econ-s/24/11/42038707/gold-natural-gas-prices-rally-us-russia-tensions-escalate-over-ukraines-long-range-strikes">Gold, Natural Gas Prices Rally As US-Russia Tensions Escalate Over Ukraine&#8217;s Long-Range Strikes</a>
In November 2023, it was a support level. Then, in March, it turned into resistance.
This shift occurred because traders and investors who previously bought shares near the support level experienced losses when the stock price broke below that level. As the price attempted to recover, these investors sold their positions at the $9.25 level, creating resistance.
So, they placed sell orders at the same price that had been support. There were so many of these orders that it caused resistance to form and put a top on the price.
But when the stock broke through the resistance and moved higher, many of the traders and investors who sold at $9.25 decided to buy their shares back at the same price they were sold for.
When the stock dropped back to $9.25, they placed buy orders. There were so many of these orders that if reformed support at the same price that was resistance.
Successful traders know that it is important to understand a company's fundamentals. But they also understand that psychology can influence prices too. Remorseful buyers can turn what had been support into resistance. Regretful sellers can turn what had been resistance into support.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">Nvidia&#8217;s Blackwell Chips Are Extra Toasty, Server Overheating Issues Impact Meta, Microsoft And Elon Musk&#8217;s xAI</a></li>
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Photo: Shutterstock

Technicals

AMZN

CMCSA

Stock Of The Day: Warner Bros. Bounces From Support As NBA Agreement Finalized

Petroleo Brasileiro S.A. Shares Resume Trade

MSTR

MicroStrategy shares are trading higher after the company acquired 51,780 Bitcoins.

UBS analyst Jon Windham maintains Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) with a Neutral and raises the price target from $2 to $2.25.

LICY

UBS Maintains Neutral on Li-Cycle Holdings, Raises Price Target to $2.25

The Ohio Healthy Alternatives Association (OHAA) has <a href="https://www.prnewswire.com/news-releases/ohio-small-business-owners-and-workers-oppose-sb-326-302307438.html">called</a> on state senators to oppose Senate Bill 326, a proposed regulation targeting hemp products. OHAA, which represents nearly 3,000 small businesses and over 26,000 workers, warns that the bill could have severe economic repercussions on the industry. 
Introduced by State Senator Steve Huffman (R),<a href="https://www.benzinga.com/government/regulations/24/11/41908034/ohio-lawmaker-moves-to-ban-hemp-products-citing-youth-safety-concerns"> SB 326 </a>seeks to impose stricter THC limits than the 2018 Farm Bill, reducing the allowable delta-9 THC content to just 0.5 milligrams per serving. Proponents argue that the bill aims to safeguard public health, particularly for minors, mirroring recent restrictive measures in states like <a href="https://www.benzinga.com/topic/california-cannabis">California</a>. However, critics say it goes too far, potentially removing many popular hemp products, such as full-spectrum CBD oils and THC beverages from the shelves in <a href="https://www.benzinga.com/topic/ohio-cannabis">Ohio</a>.
&#8220;Senator Huffman said, &#8216;he did not have any data as to how many could be impacted.'&#8221; OHAA noted, &#8220;SB 326 is rushed, flawed and catastrophic for our members.&#8221; They estimate the bill could lead to over 20,000 job losses and financial disruptions, including defaulted leases and unpaid vendor debts.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/11/41755819/ohios-cannabis-market-surges-reaching-143m-in-just-4-months">Ohio&#8217;s Cannabis Market Surges, Reaching $143M In Just 4 Months</a>
Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>
&#8220;While over 36 states including&nbsp;Georgia,&nbsp;Tennessee,&nbsp;North Carolina, and&nbsp;Florida&nbsp;have successfully chosen to regulate this much needed industry, SB 326 proposes a flawed total ban bill that will cause systematic chaos overnight,&#8221; adds the statement.
The debate over the bill comes as Ohio's cannabis market thrives, with recreational sales reaching $143 million within four months of legalization. The contrast between support for regulated cannabis and a potential hemp crackdown highlights ongoing regulatory challenges.
<h3 class="wp-block-heading">Controversial Alliance</h3>
OHAA is part of the American Healthy Alternatives Association (AHAA), a national hemp advocacy group. On their <a href="https://myhealthyusa.org">website</a>, OHAA is urging Ohio Governor Mike DeWine (R) to veto SB 326, while simultaneously celebrating a<a href="https://www.benzinga.com/markets/cannabis/24/06/39243424/desantis-vetoes-bill-that-would-regulate-intoxicating-hemp-in-lifeline-to-industry-as-he-bashes-"> recent victory</a> in Florida, where Governor Ron DeSantis<a href="https://www.benzinga.com/markets/cannabis/24/06/39243424/desantis-vetoes-bill-that-would-regulate-intoxicating-hemp-in-lifeline-to-industry-as-he-bashes-"> vetoed similar legislation</a> restricting hemp products.
"Thank you Gov. DeSantis for working with us," reads OHAA's website. DeSantis has a strong stance against adult-use cannabis legalization and played an instrumental role in blocking a marijuana legalization ballot initiative.
But unlike De Santis, DeWine has previously <a href="https://www.benzinga.com/markets/cannabis/24/04/38209145/gop-gov-mike-dewine-wants-to-ban-public-cannabis-smoking-sale-of-delta-8-intoxicating-hemp">voiced support</a> for tighter regulations on hemp-derived products, citing concerns about public health and youth safety.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/government/regulations/24/11/41908034/ohio-lawmaker-moves-to-ban-hemp-products-citing-youth-safety-concerns">Ohio Lawmaker Moves To Ban Hemp Products, Citing Youth Safety Concerns</a></li>
</ul>
COVER: OHAA website

Cannabis

Advocacy Group Calls Ohio Senate's Hemp Ban 'Catastrophic,' Push For Governor's Veto

SNFCA

Security National Financial shares are trading higher after the company announced a year-over-year increase in Q3 financial results.

UBS analyst Brian Meredith maintains Assured Guaranty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGO#NYSE">AGO</a>) with a Neutral and raises the price target from $87 to $95.

UBS Maintains Neutral on Assured Guaranty, Raises Price Target to $95

JTAI

Jet.AI shares are trading higher after the company announced it believes it regained Nasdaq compliance.

SILO

Silo Pharma shares are trading lower. The company announced results from a preclinical study on SPC-15.

UBS analyst Josh Silverstein maintains Ovintiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) with a Buy and raises the price target from $57 to $59.

UBS Maintains Buy on Ovintiv, Raises Price Target to $59

Core Scientific, Inc. - Class A Common Stock

CORZ

NVDA

Core Scientific And Port Muskogee Break Ground On 100 MW HPC Data Center To Host CoreWeave's NVIDIA GPUs; Part Of $8.7B, 12-Year Contract Covering 500 MW Of HPC Hosting, With Operations Set For 2026

Today, <a href="http://www.amd.com/">AMD</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) showcased its ongoing high performance computing (HPC) leadership at Supercomputing 2024 by powering the world's fastest supercomputer for the sixth straight <a href="http://www.top500.org/">Top500</a> list.
The El Capitan supercomputer, housed at Lawrence Livermore National Laboratory (LLNL), powered by <a href="https://www.amd.com/en/products/accelerators/instinct/mi300/mi300a.html">AMD Instinct&#x2122; MI300A APUs</a> and built by Hewlett Packard Enterprise (HPE), is now the fastest supercomputer in the world with a High-Performance Linpack (HPL) score of 1.742 exaflops based on the latest <a href="https://top500.org/">Top500 list</a>. Both El Capitan and the Frontier system at Oak Ridge National Lab claimed numbers 18 and 22, respectively, on the Green500 list, showcasing the impressive capabilities of the AMD EPYC processors and AMD Instinct GPUs to drive leadership performance and energy efficiency for HPC workloads.

AMD Says El Capitan, Powered By The AMD Instinct MI300A APU, Becomes The Second AMD Supercomputer To Surpass The ExaScale Barrier, Placing #1 On The Top500 List; Continues Setting The Standard For HPC, Powering 50% Of The Top Ten Fastest And 40% Of The Ten Most Energy Efficient Supercomputers In The World

UBS analyst Josh Silverstein maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Neutral and lowers the price target from $59 to $58.

UBS Maintains Neutral on Occidental Petroleum, Lowers Price Target to $58

Warning: KRT is at high risk of performing badly

The food packaging industry is set for strong growth due to the increase in e-commerce, food deliveries, appealing packaging designs, and a rising demand for sustainable solutions. To that end, let's examine the fundamentals of packaging stocks Karat Packaging (KRT) and Sealed Air (SEE) to understand why they are worth your investment now. Read more... The food packaging market is set to grow rapidly due to increasing demand for food delivery and takeout, new technologies, and rising incomes. Moreover, there is a rising emphasis on eco-friendly packaging, improved convenience, and strategic investments, which further boosts market potential and optimization.
Given these strong growth drivers, investing in fundamentally strong packaging stocks like Karat Packaging Inc. (<a href="https://stocknews.com/stock/KRT/">KRT</a>) and Sealed Air Corporation (<a href="https://stocknews.com/stock/SEE/">SEE</a>) could be worth your money now. Before diving deeper into the fundamentals of these stocks, let's discuss what is shaping the food packaging industry's prospects.
Consumers now seek longer shelf life and healthier options, prompting companies to innovate their products and packaging. Supermarkets and food brands are replacing traditional formats with high-barrier films and retort pouches, focusing on recyclable materials and convenience.
Meanwhile, brands continue to provide custom, unique, and often luxurious packaging to satisfy customers, driving demand for single-use disposable products made from plastic, paper, biopolymers, and compostable materials in restaurants and food services. As a result, the packaging market is expected to reach $1.38 trillion by 2029, with a <a href="https://www.mordorintelligence.com/industry-reports/global-packaging-market/market-size">3.9% CAGR</a>, making it a promising investment opportunity.
Let's take a closer look at the fundamentals of the two featured <a href="https://stocknews.com/category/industrial-packaging/">Industrial – Packaging</a> stocks, beginning with the second choice.
Stock #2: Karat Packaging Inc. (<a href="https://stocknews.com/stock/KRT/">KRT</a>) 
KRT manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand.
On August 7, 2024, KRT announced a regular quarterly cash dividend of $0.35 per share and a special cash dividend of $0.15 per share, both payable on August 30, 2024. These distributions reflect the company's strong cash position and positive outlook.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, KRT's 8% is 22.7% higher than the 6.52% industry average. Likewise, its 37.22% trailing-12-month gross profit is 18.7% higher than the 31.35% industry average. Furthermore, the stock's 1.37x trailing-12-month asset turnover ratio is 76.4% higher than the 0.78x industry average.
KRT's net sales for the second quarter ended June 30, 2024, came in at $112.60 million, indicating a 3.5% increase from the year-ago value. Its gross profit increased 3.7% year-over-year to $43.41 million. The company's net income attributable to KRT stood at $9.10 million. In addition, the adjusted EPS and EBITDA were $0.49 and $15.68 million, respectively.
For the quarter ending September 30, 2024, KRT's EPS and revenue are expected to increase 4.1% and 7% year-over-year to $0.49 and $112.93 million, respectively. Over the past nine months, the stock has gained 22.5% to close the last trading session at $25.74.
KRT's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Quality and a B for Stability. Within the A-rated <a href="https://stocknews.com/category/industrial-packaging/">Industrial – Packaging</a> industry, it is ranked #4 out of 19 stocks. To see KRT's Growth, Value, Momentum, and Sentiment ratings, <a href="https://stocknews.com/stock/KRT/">click here</a>.
Stock #1: Sealed Air Corporation (<a href="https://stocknews.com/stock/SEE/">SEE</a>)
SEE provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments: Food and Protective.
On July 23, 2024, SEE announced a quarterly cash dividend of $0.20 per common share, payable on September 27, 2024. This dividend is for stockholders of record as of September 13, 2024.
In terms of the trailing-12-month levered FCF margin, SEE's 9.50% is 77.2% higher than the 5.36% industry average. Similarly, its 9.50% trailing-12-month Return on Total Capital is 91.5% higher than the 4.96% industry average. Also, the stock's 0.73x trailing-12-month asset turnover ratio is 10% higher than the 0.67x industry average.
During the fiscal second quarter that ended June 30, 2024, SEE's net sales amounted to $1.35 billion. Its adjusted EBITDA stood at $285.50 million, up 1.9% over the prior-year quarter. Additionally, its adjusted net earnings rose 4.5% from the year-ago value to $120.70 million, and its adjusted EPS grew 3.7% year-over-year to $0.83.
Street expects SEE's revenue for the quarter ending December 31, 2024, to increase marginally year-over-year to $1.38 billion. Its EPS for fiscal 2025 is expected to grow 6% year-over-year to $3.17. SEE surpassed the Street EPS estimates in each of the trailing four quarters. Over the past nine months, the stock has declined 2.8% to close the last trading session at $32.62.
SEE's promising outlook is reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Value and Quality. It is ranked #2 in the Industrial – Packaging industry. To access additional ratings for SEE's Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/SEE/">click here</a>.
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SEE shares were trading at $32.85 per share on Friday afternoon, up $0.23 (+0.71%). Year-to-date, SEE has declined -9.06%, versus a 17.37% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/see-krt-why-these-2-food-packaging-stocks-are-worth-your-money/>Why These 2 Food Packaging Stocks Are Worth Your Money Now?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Why These 2 Food Packaging Stocks Are Worth Your Money Now?

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ALTG

CTOS

DNOW

DSGR

DXPE

HDSN

HEES

TITN

TRNS

XMTR

Earnings

Press Releases

Karat Packaging Reports 2024 First Quarter Financial Results

Karat Packaging to Participate in Two June Investor Conferences

Global Consumer Packaged Goods Market Expected to Reach $244 Billion as a Result of Higher Consumption by Consumers

Karat Packaging to Report 2024 Second Quarter Financial Results and Host Conference Call on Thursday, August 8, 2024

Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend

Karat Packaging Reports 2024 Second Quarter Financial Results

Karat Packaging to Present at Lake Street's 8th Annual Best Ideas Growth Conference, September 12

Karat Packaging to Report 2024 Third Quarter Financial Results and Host Conference Call on Thursday, November 7, 2024

Karat Packaging Board Declares Increase in Quarterly Cash Dividend

Karat Packaging Reports 2024 Third Quarter Financial Results

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